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…

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