Calgary's housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

The substantial growth seen in Calgary's detached resale market this year has been driven by the mid-range segment, but big-ticket listings are also bouncing back.

Between Jan. 1 and the end of April, 350 detached homes priced at $1 million or higher have changed hands in Calgary, according to CREB^®. This represents a 289 per cent upswing from the 90 transactions that occurred over the same period a year ago.

There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.

Whatever "new normal" is coming, the COVID-19 pandemic has reshaped many aspects of the real estate industry in Calgary and across Canada. From changes to the way homes are built, bought and sold, to shifts in buyer priorities and the economic forces at play, it's been a wild ride for REALTORS^®, builders, homebuyers and everyone in between.

Right now, there's no way to describe Canmore's housing market other than "hot."

"I'm always hesitant to use that word because you can't paint everything with the same brush, but the statistics don't lie," said Rob Stevens of RE/MAX Alpine Realty.

Enticing discount mortgage rates have helped put Calgary's detached home market in rare form.

With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014.

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021.