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December Stat Pack / State of the Union


Blog by Wes Morrow | January 23rd, 2021


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Another year in the books! And what a year it was. After the pandemic hit, I was sure that we were going to see some serious price drops in the market. However, the government stepped in, lowered interest rates to historic lows and spurred on activity that none could have believed. The activity has been very specific though - entry level of all product types especially with single family detached homes. Multiple offers have been the norm instead of the exception with a panic gripping buyers that helped prices increase substantially to end the year. While sales were up, it wasn't necessarily the demand that helped prices increase, but with the supply. Low inventory levels characterized last year. Perhaps because of the pandemic, more sellers were uninclined to have strangers in their home. Or maybe there were more people just waiting to see how things played out. Either way, sales finished strong for 2020 and are continuing strong for the start of 2021. Want to know more about the market and whether it's time to make a move? Get in touch with me today and let's have a chat!

For a more in depth look at the stats, here are the Calgary Regional
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