Calgary Real Estate News – August 2021
Most regions of Calgary have seen price increases year over year of between 10 and 12 percent. Sales year to date are up by 220% over last year at this time! As always, this increase is not spread uniformly across the different areas of the city and across different property types. Much more information is available.
Some of the reasons for this will be:
- Coming out of Covid-19 with pent up demand;
- The very low interest rates available;
- A changing work/life balance with more people working from home – need more space and can move to a more desirable location;
- And, sadly, perhaps a higher divorce/separation rate leading to sale and purchase of property.
I trust that everyone is enjoying their summer. My hope is that the smoke will end soon!