CREB^®'s annual Forecast real estate event returns on Jan. 26, 2021 with an all-new virtual format. So, grab your ticket, put on your headset, and get ready to immerse yourself in a one-of-a-kind real estate experience.

With many people trading in their downtown commute for a home office due to the COVID-19 pandemic, proximity to the city centre has been less of a priority for house hunters this year.

In fact, a new emphasis on creating comfortable, productive workspaces within the home and the reduced importance of living anywhere near the office have increased buyer interest in areas just outside Calgary's city limits – where prices are lower and space is plentiful.

With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages.

The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices.

Today marks the end of REALTORS^® Care Week, an annual event that provides the Realtor community with an opportunity to raise awareness of housing and shelter-related issues and causes. The COVID-19 pandemic has underscored the importance of the home as a place of safety and refuge. However, thousands of Canadians are homeless or at risk of losing their home, a situation that has only been made worse by the coronavirus, making this year's event especially significant.

After a four-month application and selection process, the CREB^® REALTOR^® Community Foundation has officially announced the recipients of its 2020 Community and Transformation grants.

Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.

Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums.

Calgary-area REALTORS^® Herb Styles and Ray Pfob are celebrating 50 years in the business this year – an impressive milestone by any measure.

Both entered the industry somewhat by happenstance, but five decades later, neither man would trade his time in real estate – including all the stories and bits of wisdom collected along the way – for anything.

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.