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It Depends: New Year's Edition 2021

Thursday, January 7, 2021   /   by Chris Matlashewski

It Depends: New Year's Edition 2021

Calgary's Residential Real Estate Market performance in the second half: an increase in sales just about offset the initial impact to the start of the year. Interest rates are low, reductions in supply and home prices are still below the long term average, all leading to balanced market conditions and a seller's market in some areas. Detached sales were strong, with over 10,000 sales in Calgary. The semi-detached market has sales and lack of supply is starting to affect home prices. The biggest surprise was the apartment sector. The best month in sales since 2014, but still 10% off pace since the beginning of the year. Outside of Calgary, Airdrie, Chestermere, Cochrane and Okotoks all have very low inventory levels, and have seen an increase in home prices across the board. Thinking about making a move, be sure to call us for the inside track on the style of home and community activity to ensure you maximize your value.


  real estate, calgary, canada, alberta, investment property, income property, real estate tips, first time home buyers, economy, selling real estate tips, selling your home, condo, single family, townhome, forecast, calgary real estate board, creb, mortgage, covid-19, chestermere, cochrane, okotoks, airdrie

Royal Le Page Mission
Chris Matlashewski
107, 2915 21 St. NE
Calgary, AB T2E 7T1
403-809-3523

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