The Calgary Real Estate Board said in its annual outlook report that both the pandemic and energy industry woes will continue to weigh on the Albertan city and its surrounding neighbourhoods' real estate market this year.
However, they'll be more confident in listing their homes if mass vaccinations continue and COVID-19 restrictions around travel, social gatherings and business closures are slowly lifted, Lurie said. She said the region is on track for sales to reach 16,928, a five per cent increase from 16,151 in 2020.In higher-end housing, she believes supply levels will remain high and weigh on prices.
Lurie expects to see sales improvements across all property types, but believes detached homes will drive most of the 2021 gains.
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