[April 21' Update]: Demand for homes remains high with record sales in April!
Posted by Megan Bourque on
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City of Calgary, May 3, 2021 –
There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.
"Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® chief economist Ann-Marie Lurie.
"However, the recent surge in home sales could be a result of potential buyers wanting to enter the market before any further changes occur in prices, interest rates and lending policy. This could erode some of their purchasing power."
Recent price gains and tight market conditions have also encouraged many sellers to list their home this month. However, demand was strong enough to absorb the…
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