During the pandemic, real estate and social media have become inseparable bedfellows, with many REALTORS^® taking to Facebook, Twitter and Instagram to promote their listings. However, another platform with a young and diverse base of users, TikTok, is creating value for its adopters in the real estate industry.

It's no surprise that homeownership can create significant financial benefits over time. What's often overlooked is the value of the non-financial advantages – to the individual, their community and society as a whole. In fact, the value of homeownership spans the realms of health, education, and civic and socio-cultural spheres.

Calgary's housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

The COVID-19 vaccine rollout, a rosier economy and the opening of post-secondary institutions to in-person classes could all improve Calgary's residential rental vacancy rate by as early as this fall.

That's the prediction of industry watchers for a rental market that currently sits at a vacancy high of 6.6 per cent, although steady average monthly rents continue to be made even more attractive for renters by incentive offerings.

Recent changes to the mortgage stress test designed to cool down hot housing markets across the country may make it more difficult for some Albertans to purchase a home.

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

The substantial growth seen in Calgary's detached resale market this year has been driven by the mid-range segment, but big-ticket listings are also bouncing back.

Between Jan. 1 and the end of April, 350 detached homes priced at $1 million or higher have changed hands in Calgary, according to CREB^®. This represents a 289 per cent upswing from the 90 transactions that occurred over the same period a year ago.

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.

Whatever "new normal" is coming, the COVID-19 pandemic has reshaped many aspects of the real estate industry in Calgary and across Canada. From changes to the way homes are built, bought and sold, to shifts in buyer priorities and the economic forces at play, it's been a wild ride for REALTORS^®, builders, homebuyers and everyone in between.

The future of energy-efficient housing in Calgary has been given a boost, with a major homebuilder now offering a net-zero option on all its models.

Jayman Built recently unveiled its Quantum Performance Ultra E-Home upgrade, which results in a home designed and constructed to produce as much energy as it consumes on an annual basis.