After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63% over last year.
“The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie.
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Due to COVID-19 impacts in Calgary’s housing market and general economy, it is not business as usual. This year was projected to be a time when Calgary would start to see some modest improvements.
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As your REALTOR®, I am actively monitoring news and updates on coronavirus (COVID-19) to best accommodate my clients, customers and business.
Under these current circumstances, it is more like business as UNusual. I, and my fellow REALTORS®, have never been obligated to put themselves or their clients or customers at risk and I can assure you that I will be thoughtful in how I approach each situation to ensure you, your family and I are safe and remain healthy. Don’t forget, I am always available for any questions or concerns, so don’t hesitate to reach out via email, phone or text.
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