Optimum Realty Group - Blog

COVID-19's impact on Calgary housing market continues

Posted on Jun 03, 2020

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...

Calgary real estate market feeling impact of COVID-19

Posted on May 04, 2020

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 sect...

COVID-19 weighing on housing market

Posted on Apr 03, 2020

City of Calgary, April 1, 2020 –
After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society.

The economic impact is starting to be felt across many industries. This includes the housing market.

March sales activity started the month strong, but quickly changed, as concerns regarding t...

Home sales see a bump

Posted on Mar 04, 2020

City of Calgary, March 2, 2020 –
This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.
With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer...

2020 opens with a slight gain in sales

Posted on Feb 03, 2020

City of Calgary, February 3, 2020 –

Housing market conditions continue to follow similar trends to last year, with gains in sales.
At the same time, there have been further reductions in new listings, inventory and more declines in prices.
January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained...

Calgary’s housing market expected to support more stable conditions in 2020

Posted on Jan 17, 2020

Calgary, Jan. 14, 2019 – Since the oil price crash, Calgary has faced job losses, wage reductions and tightening national housing policy. These factors have all contributed to the slower sales environment, excess supply and citywide price adjustments of more than 10 per cent.
However, as Calgary moves into the sixth year of this cycle, there are ind...

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