It won’t be a banner year for real estate in Calgary, but according to the city’s association of realtors, 2021 will likely be marked by more balance among buyers and sellers.
That’s good — but not great — news, according to the Calgary Real Estate Board’s CEO and president Alan Tennant.
“It’s human nature that we find optimism,” he said recently about what he’s heard among the board’s more than 5,000 members.
Optimism does not quite “capture the mood. I think everybody is more concerned,” he adds.
Cautious optimism better reflects the key thrust of the Calgary Real Estate Board 2021 Forecast, released Tuesday.
It forecast the benchmark price of a home in Calgary will increase by one per cent this year over 2020. While modest, it would be notable, marking the first year of positive price growth since 2015.
CREB chief economist Ann-Marie Lurie explained sales growth momentum from the second half of 2020, which outpaced sales data from the last few years, should continue into the first few months of 2021.
“But listings will