Exceptional strength in Calgary Housing Market - February 2021
Sales remain strong through February.
Benchmark prices are up by 5% year over year. It is interesting to note that the South East and the North sectors are the regions of the city with the largest price increases (9.3 and 8.4% respectively). These areas have a higher proportion of newer homes and also homes in the $400 to $600k range. These two factors likely account for the higher price increases.
In addition to this sales are up by 42% in January and 66% in February. This is still comparing to sales before Covid hit!
Apartment condominium property has had sales increases, however, because there is still an oversupply of product on the market prices are the same as this time last year.
This will give you a snapshot of the Calgary resale market. For more detail and a to drill down to your specifics… give me a call!