April 2021

For the full report, please download CREB®’s Q1 2021 Calgary & Region Quarterly Update Report   here.

The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages.

City of Calgary, April 1, 2021 –

The initial impact of COVID-19 on the housing market began last March.

One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.