Aerial views of housing in Calgary on June, 22, 2013. THE CANADIAN PRESS/Jonathan Hayward

Aerial views of housing in Calgary on June, 22, 2013. THE CANADIAN PRESS/Jonathan Hayward

Calgary sees highest December home sales since 2007 amid 40% buying surge

Sales of homes in Airdrie, Alta., just north of Calgary, were at a record high for December

The Calgary Real Estate Board says the residential real estate market had its best December since 2007 last month as real estate agents sold nearly 1,200 homes.

The real estate board says low interest rates and a 20 per cent inventory drop helped boost home sales to 1,199 in December — a 40.1 per cent increase from December 2019.

Sales of homes in Airdrie, Alta., just north of Calgary, were at a record high for December while Cochrane, Alta., northwest of the city, had its best sales year in five years in 2020.

Cities across the country have noted that the homebuying season was pushed back into the second half of 2020 after spring shutdowns related to COVID-19.

CREB chief economist Ann-Marie Lurie says the second wave of COVID-19 restrictions have so far not hampered real estate sales the same way as the spring shutdown.

Despite the surge in December, Calgary has not seen the same level of real estate rush as other cities, and total home sales for 2020 in Calgary were down one per cent compared with 2019.

A recent report by Canada Mortgage and Housing Corp. noted that through summer and early fall, the pandemic and energy sector were dampening demand for housing in Calgary, particularly in apartment buildings.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

county
County of Paintearth highlights from Jan. 12th

County graders have been out blading ice at intersections where ice buildup has been bad

The Pfizer-BioNTech vaccine deliveres to Canada are being delayed because of complications at their European distribution facility. THE CANADIAN PRESS/Nathan Denette
Delays of Pfizer vaccine delivery to impact Alberta’s vaccination plans

Alberta has administered 74,000 doses of the COVID-19 vaccine so far

ski
Valley Ski Club Slope Stabilization Project is awarded CFEP Grant

With forecasts predicting continued mild weather, the board made the decision not to proceed with the current season

Alberta Chief Medical Officer of Health Dr. Deena Hinshaw
Alberta eases some COVID-19 restrictions

Salons, barbershops and other personal and wellness services will be open by appointment only

Justin Kripps of Summerland and his team have competed in Olympic action and World Cup competitions in bobsleigh. (Jason Ransom-Canadian Olympic Comittee).
QUIZ: Are you ready for some winter sports?

It’s cold outside, but there are plenty of recreation opportunities in the winter months

Prime Minister Justin Trudeau listens to a question during a news conference outside Rideau cottage in Ottawa, Friday, January 8, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau says Canada’s COVID vaccine plan on track despite Pfizer cutting back deliveries

Canadian officials say country will still likely receive four million doses by the end of March

(Via the Canadian Press)
Alberta monolith comes with message to save eastern slopes of Rocky Mountains

‘They deserve our attention. They warrant our protection. They are under threat’

blessing
Bentley Blessing Pantry continues to faithfully serve the community

‘We just wanted to make everyone aware that we are still here to serve you throughout this coming year.’

A Suncor logo is shown at the company’s annual meeting in Calgary on May 2, 2019. A worker is missing after a dozer broke through ice on an inactive Suncor tailings pond in northern Alberta.THE CANADIAN PRESS/Jeff McIntosh
Worker missing after dozer breaks through frozen tailings pond in northern Alberta

The worker was an employee of Christina River Construction

File Photo
‘You took away some real joy,’ Sylvan Lake Winter Village turned off after vandalism

Sometime during the night of Jan, 12 the light display at the pier was vandalized and damaged

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a UHN COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. THE CANADIAN PRESS/Nathan Denette
COVID clarity: Feds say 42-day gap for 2-dose vaccines OK as provinces race to immunity

‘Realities on the ground’ means that provinces, territories will have difficult choices to make

Most Read