February 2021: sellers’ market leads to rising prices

2021-03-04T09:42:04-07:00March 4th, 2021|Real Estate Market|

With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lurie. “Confidence is also [...]

April 2020 Market Report

2020-05-04T10:55:10-06:00May 4th, 2020|Real Estate Market|

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63 per cent over last year. “The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in [...]

March 2020 Market Update

2020-04-07T12:27:08-06:00April 7th, 2020|Real Estate Market|

After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about [...]

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