This product type remains far from record highs, but apartment condominium sales improved in the first quarter and are at the highest levels seen since 2014.

Prior to COVID-19, the economic challenges in our city created an environment of weak resale housing demand. When adjusting sales relative to the population from 2018-19, it was the slowest sales per capita on record. Over this same period, the housing market was struggling with excess supply and declining prices.

Detached homes sales rose to record their best first quarter since 2014.

Cochrane sales have been exceptionally strong since the second half of 2020 and this trend has continued in 2021, with first-quarter sales reaching a record high for any quarter.

Sales in the first quarter totalled just under 800 units, making it the strongest first quarter for sales since 2007.

Unsurprisingly, COVID-19 continued to weigh on economic activity in the first quarter. Despite some changes in restrictions throughout the quarter, Alberta largely maintained strict gathering, travel and business occupancy restrictions.

Thanks to growth across all districts in the city, sales activity for semi-detached homes reached record levels in the first quarter. Less choice in the lower-priced detached market has likely caused many to turn to the semi-detached sector.

Thanks to a recent bump in new listings, Okotoks sales activity in the first quarter rose to the best levels recorded in over a decade.

Working from home lent convenience to the lives of many Calgarians over the last year, but distraction can take its toll.

Competing for space with pets, children, a spouse or roommates can steal concentration quickly. As a result, backyard offices have become a trendy way to create a healthy boundary between home and work.