REAL ESTATE sales activity in Calgary rose almost 12 per cent in the third quarter of 2020 compared to the same time last year.
The Calgary Real Estate Board released their third quarter report earlier this week.
The increase is attributed to lower interest rates and previous price declines, the report says.
There were gains in all property types except for condominiums, which are down nearly 11 per cent for the same period in 2019,“As the economy started to re-open, we saw some improvements in the economic indicators,” CREB chief economist Ann-Marie Lurie said in a news release.
“Most industries are not back to pre-pandemic levels, but over the past three months we have seen notable improvement across most industries.”
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