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.

With December sales of 1,199, this is the highest December total since 2007.

"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring," said CREB^® chief economist Ann-Marie Lurie.

For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent lower than last year's levels.

September sales activity jumped to 1,702 units, the strongest September total since 2014.

New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per cent compared to last year.

With higher sales for both detached and semi-detached product, July sales totals rose above last year's levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year's levels.

A rapidly growing population in the Calgary area will impact surrounding communities now and in the future.

From families to businesses, decision-making around infrastructure investment, economic well-being and environmentally responsible land use is a big deal. That's why the Calgary Metropolitan Region Board (CMRB) is prioritizing public input as it plans for the area's future.

Tucked away just five minutes north of Airdrie and less than half an hour away from Calgary, the hamlet of Crossfield offers the best of small-town living, plus quick and easy access to the rich amenities of two vibrant cities.

It's a fact that wasn't lost on Creation Communities, a developer and homebuilder with a knack for identifying small, well-located towns that offer a connected, vibrant and affordable lifestyle.

Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.

May sales totalled 1,080 units, a 44 per cent decline from last year's figures.

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

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.