January 2021: sales activity signals strong start to the year

New listings up; Calgarians making the choice to buy in tight rental market

Not even a snowy spring kept sales and listings this April from increasing over last years' numbers.

CREB®'s monthly stats reported new residential listings for April at 3,754 units, an eight per cent increase compared to the same time last year.

"[Buying] made the most sense," said Sarah Hammond, a previous homeowner who purchased a home in the
southeast with her boyfriend, a firsttime buyer. "I already owned a condo so was not interested in trying to fight
the rental market to pay. Basically mortgage payments are the same or less than rental fees right now."

While they may trail their metropolitan neighbor in stature, Calgary's surrounding communities are no slouch when it comes to sales. Buoyed by affordability, Airdrie, Cochrane and Okotoks all recorded double-digit sales growth in the third quarter and represent nearly half of the sales activity surrounding Calgary.

"We chose Airdrie over Calgary because our money went a lot further when buying a house as far as size and yard," said Jody Paterson, who recently purchased a single-family home in Airdrie with her fiance after living in an apartment in Calgary.