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Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they’re likely still bound to be hampered by COVID-19 and reduced demand for oil, the city’s most prominent housing organization predicted Tuesday. Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they’re likely still bound to be hampered by COVID-19 and reduced demand for oil, the city’s most prominent housing organization predicted Tuesday. The Calgary Real Estate Board said in its annual outlook report that both the pandemic and energy industry woes will continue to weigh on the Albertan city and its surrounding neighbourhoods’ real estate market this year. "We are not back to recovering from previous levels that we had, but we do expect that as we move into the earlier parts of the year that some of that momentum that we saw at the end of last year will continue but not necessarily at the same pace," Ann-Marie Lurie, CREB’s chief economist, said at a press conference. Her board’s annual outlook showed if layoffs, bankruptcies and oil industry consolidation continue, people in the region will likely need to adjust their housing to […]
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