Has the Calgary Housing Market recovered enough from the Pandemic compared to last year and what’s the forecast this fall?
Back in March, as Calgary’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. And with the shutdown that we had numbers did go down as low as over 60% compared to last year. However, as things have opened up, the market picked up where it left off and we’re now on track to surpass last years’ sales numbers.