Detached and semi-detached home sales rise, but economic uncertainty remains City of Calgary, August 4, 2020 – With higher sales for both detached and semi-detached product, July sales totals rose above last year’s levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year’s levels. “There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels,” said CREB® chief economist Ann-Marie Lurie. “We are still facing record high unemployment rates, significant government aid, and uncertainty throughout the business community. This will continue in the coming months.” COVID-19 shutdowns occurred over the traditionally busiest quarter for real estate sales. Some of

City of Calgary, July 2, 2020 – After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totaling 1,747 units. Caution remains necessary, as monthly sales are nearly two per cent lower than activity recorded last year. However, this represents a significant improvement compared to the past several months, where year-over-year declines exceeded 40 per cent. “Recent price declines, easing mortgage rates and early easing of social restrictions are likely contributing to the better-than-expected sales this month,” said CREB® chief economist Ann-Marie Lurie. “However, the market remains far from normal. Challenges, such as double-digit unemployment rates, will continue to weigh on the market for months to come.” New

COVID-19’s impact on Calgary housing market continues City of Calgary, June 1, 2020 – Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year’s figures. “The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down,” said CREB® chief economist Ann-Marie Lurie. “Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range.” Sales are down in all

Calgary Real Estate Market Feeling Impact of COVID-19 City of Calgary, May 1, 2020 – After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63 per cent over last year. “The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie. “Demand is also falling faster than supply. This is keeping the market in buyers’ territory and weighing on prices.” Sales activity eased across all price ranges, but the largest declines were for homes priced above