Optimum Realty Group - Blog

Detached homes drive Calgary sales growth in October

Posted on Nov 05, 2020

City of Calgary, November 1, 2020 –With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages. The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices.“Over the...

CREB®'s Q3 2020 Housing Report released

Posted on Oct 22, 2020

City of Calgary, October 22, 2020 –

Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.

Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lendi...

August home sales consistent, but COVID-19 impacts continue

Posted on Sep 06, 2020

City of Calgary, September 1, 2020 –

Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors.

These gains offset declines in the apartment and semi-detached products.

With 1,573 sales in August, this is consistent with levels over the past five years. Year-to-date sales...

Detached and semi-detached home sales rise, but economic uncertainty remains

Posted on Aug 09, 2020

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 ear...

Housing market second quarterly report released

Posted on Jul 29, 2020

City of Calgary, July 27, 2020 –
The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy.

Calgary housing sales slowed by 35 per cent compared to the previous year. This is better than original expectations, thanks to June figures that were far stronger than initial estimates. The pullback in new listings...

Sales decline by two per cent from last year amidst COVID-19 pandemic

Posted on Jul 03, 2020

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, totalling 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 improve...

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