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Top Considerations & Risks

Feb. 02, 2021 | CREBNow


Stories Tagged - Forecast 2021

Feb. 02, 2021 | CREBNow

Okotoks

Okotoks followed many of the same trends as other markets in 2020.

However, there was a dramatic shift by the end of the year where significant improvements in sales were met with large pullbacks in new listings.

Feb. 02, 2021 | CREBNow

Population

With borders closed, COVID-19 impacted the flow of people and we saw the impact in our international migration numbers.

Feb. 02, 2021 | CREBNow

Strathmore

Strathmore recorded a dramatic shift in sales in the second half of the year, resulting in annual sales growth of nearly 26 per cent.

Feb. 02, 2021 | CREBNow

Cochrane

Rising sales in the second half of the year were enough to offset the pullbacks created by the shutdowns, as 2020 sales activity rose by 16 per cent. Sales in the area were at the highest level recorded since the 2014 peak.

Feb. 02, 2021 | CREBNow

Economic Update

COVID-19 has had widespread impacts on the economy. The shutdowns had significant economic repercussions in the retail, arts and entertainment, tourism, service, and transportation (airlines) industries across the country.

Feb. 02, 2021 | CREBNow

Lending Market

The significant impact COVID-19 has had on the economy resulted in a pivot for the Bank of Canada, which cut the overnight target rate to 0.25 per cent. This is the lowest level in over a decade and the decline in the target rate has resulted in lower mortgage rates.

Feb. 02, 2021 | CREBNow

New Home & Rental

Slowing economic conditions spread to the new-home sector in 2020. Starts in the city declined by 22 per cent in 2020. Most of the decline was driven by multi-family starts, which had eased by 31 per cent. Slower starts contributed to the decline in new-home inventories from the peak levels recorded early in the year.

Feb. 02, 2021 | CREBNow

Rural Rockyview

The Rockyview region is relatively diverse, featuring traditional communities as well as acreages. Springbank and Bearspaw, which are home to many of Rockyview's higher-end properties, account for more than half of the sales in the rural region.

Feb. 02, 2021 | CREBNow

Airdrie

Despite recording a significant drop in sales from March through May, sales activity surged through the remainder of the year, resulting in an annual gain of 18 per cent.

CREB® Forecast 2021

Feb. 02, 2021 | CREBNow

Calgary's 2021 Real Estate Forecast – A Summary

In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses.

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