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Stories Tagged - Ann Marie Lurie

CREB® Housing Market Stats

Jan. 05, 2021 | CREBNow

December 2020: Amidst economic challenges, housing market ends 2020 on a high note

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," said CREB® chief economist Ann-Marie Lurie.

Oct. 22, 2020 | CREBNow

CREB® releases third-quarter housing market report

Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.

Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums.

Sept. 14, 2020 | CREBNow

August 2020: home sales consistent, but COVID-19 impacts continue

Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors.

Aug. 05, 2020 | CREBNow

June 2020: sales decline by two per cent from last year amidst COVID-19 pandemic

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.

July 27, 2020 | CREBNow

CREB® releases second-quarter housing market report

The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy.

Calgary housing sales slowed by 35 per cent compared to the previous year. This is better than original expectations, thanks to June figures that were far stronger than initial estimates. The pullback in new listings in the second quarter caused inventories to trend down, preventing a more significant decline in prices.

June 01, 2020 | CREBNow

May 2020: COVID-19's impact on Calgary housing market continues

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.

May 01, 2020 | CREBNow

April 2020: Calgary real estate market feeling impact of COVID-19

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

Cody Stuart / CREB®Now

April 17, 2020 | Mario Toneguzzi

Silver linings: increased emphasis on affordability could eventually buoy Calgary condo market

One of the key factors impacting the Calgary resale housing market in the last year or so has been affordability.

With economic uncertainty top of mind due to the collapse in oil prices and the COVID-19 crisis, prospective homebuyers are increasingly looking for more affordable options when making a purchase.

That will likely lead to more demand in the condominium apartment market in the future.

Getty Images

April 07, 2020 | Tyler Difley

COVID-19 and the Calgary housing market: forecasting potential short- and long-term impacts

As governments and individuals around the world work to combat the spread of the COVID-19 virus, it has become clear the epidemic will have far-reaching impacts for Calgary's residents, businesses and economy.

April 03, 2020 | CREBNow

March 2020: COVID-19 weighing on housing market

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.

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