After more than a year of COVID-19 restrictions and public health guidelines that discouraged gathering indoors, Alberta's recent reopening has restored some sense of normalcy. When it comes to the process of buying and selling homes, it has also meant the return of a real estate staple: the open house.

For residents of Calgary's lake communities, having such a special amenity available during the COVID-19 pandemic has been a blessing. Now, those communities are looking ahead to, hopefully, even better times this summer as the province reopens and restrictions are lifted.

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 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.

Over the last year, nearly everyone across the world has become familiar with gathering online. Whether it's working from home or online school, learning via laptop or smartphone has become commonplace.

The City of Calgary has embraced this trend by posting a series of home improvement webinars on its website. The sessions available online aim to reach the many Calgarians who have been unable to gather this type of information in person during the pandemic.

During the COVID-19 pandemic, an obsession has developed among people who are extremely online with an interior design feature whose heyday occurred more than 50 years ago: the conversation pit.

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.

More than a year after it began, the COVID-19 pandemic continues to spark increased interest in Alberta's recreational property market, as homebuyers seek an escape from congested cities.

Long-term remote work, which has been a reality for many Albertans for the last 12-plus months, has also made people realize that if they can work from anywhere, why not work from a cottage, cabin or waterfront property?