CREB®'s Q3 2020 Housing Report released
Posted by Billy Peshke on
City of Calgary, October 22, 2020 –
Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.
Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums.
"As the economy started to re-open, we saw some improvements in the economic indicators," said CREB® chief economist Ann-Marie Lurie.
"Most industries are not back to pre-pandemic levels, but over the past three months we have seen notable improvement across most industries."
The gains…
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