[Dec 20' Update] Amidst economic challenges, housing market ends 2020 on a high note!
Posted by Megan Bourque on
Amidst economic challenges, housing market ends 2020 on a high note!
City of Calgary, January 4, 2021 –
With December sales of 1,199, this is the highest December total since 2007.
"Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like we saw in the earlier part of the year," said CREB® chief economist Ann-Marie Lurie.
Attractive interest rates along with prices that remain lower than several years ago have likely supported some of the recovery in the second half of the year. However, it is important to note that annual sales…
174 Views, 0 Comments
Claire Amyotte - MaxWell Devonshire Realty