Home Q1 2021 Calgary and Region Quarterly Update Report

Q1 2021 Calgary and Region Quarterly Update Report

Economic Update

Unsurprisingly, COVID-19 continued to weigh on economic activity in the first quarter. Despite some changes in restrictions throughout the quarter, Alberta largely maintained strict...

Housing Market – Detached

Detached homes sales rose to record their best first quarter since 2014. Improving sales started last year in this market, but much of the gains...

Housing Market – Semi-Detached

Thanks to growth across all districts in the city, sales activity for semi-detached homes reached record levels in the first quarter. Less choice in...

Housing Market – Apartment

This product type remains far from record highs, but apartment condominium sales improved in the first quarter and are at the highest levels seen...

Housing Market – Row

Sales in the first quarter totalled just under 800 units, making it the strongest first quarter for sales since 2007. However, new listings also rose...

Cochrane

Cochrane sales have been exceptionally strong since the second half of 2020 and this trend has continued in 2021, with first-quarter sales reaching a...

Strathmore

Sales activity in Strathmore improved relative to last year’s levels, but it remains somewhat constrained by the low level of new listings coming onto...

Okotoks

Thanks to a recent bump in new listings, Okotoks sales activity in the first quarter rose to the best levels recorded in over a...

Airdrie

For the third quarter in a row, sales reached new record highs. Most of the gains in the first quarter were driven by exceptionally...

Chestermere

Sales reached a record high by the end of the first quarter. While the typical detached home in Chestermere is priced higher than the...

Rural Rockyview

Low lending rates and a growing desire for more space caused sales activity in the Rural Rockyview region to reach record highs in the...

High River

High River sales have been somewhat dampened by weak levels of new listings. Gains in new listings in the first quarter helped support stronger...