{"id":264193,"date":"2020-08-05T09:29:57","date_gmt":"2020-08-05T13:29:57","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=264193"},"modified":"2020-08-05T09:29:57","modified_gmt":"2020-08-05T13:29:57","slug":"creb-calgary-home-sales-increase-but-economic-uncertainty-unemployment-remain","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/08\/05\/creb-calgary-home-sales-increase-but-economic-uncertainty-unemployment-remain\/","title":{"rendered":"CREB: Calgary home sales increase but economic uncertainty, unemployment remain"},"content":{"rendered":"<figure id=\"attachment_256347\" aria-describedby=\"caption-attachment-256347\" style=\"width: 1920px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-256347\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash.jpg\" alt=\"\" width=\"1920\" height=\"1442\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash.jpg 1920w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash-300x225.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash-768x577.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/05\/tierra-mallorca-rgJ1J8SDEAY-unsplash-1024x769.jpg 1024w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption id=\"caption-attachment-256347\" class=\"wp-caption-text\">The Calgary Real Estate Board (CREB) released its July 2020 report showing that detached and semi-detached home sales rose compared to last year&#8217;s levels. Despite this, it noted that year-to-date sales remain 15 percent lower than last year. (File photo: Tierra Mallorca\/Unsplash)<\/figcaption><\/figure>\n<p>Improvements are seen in the house sales in Calgary but it is still too early to declare a recovery that is of the same level as the pre-pandemic status.<\/p>\n<p>The Calgary Real Estate Board (CREB) released its <a href=\"https:\/\/www.creb.com\/-\/media\/Public\/CREBcom\/Housing_Statistics\/07_2020_Calgary_Monthly_Short_Summary.pdf?la=en\">July 2020 report<\/a> showing that detached and semi-detached home sales rose compared to last year&#8217;s levels. Despite this, it noted that year-to-date sales remain 15 percent lower than last year.<\/p>\n<p>Ann-Marie Lurie, chief economist of CREB acknowledged these improvements but insisted that &#8220;it is too early to say things are shifting back to pre-pandemic levels.&#8221;<\/p>\n<p>&#8220;We are still facing record-high unemployment rates, significant government aid, and uncertainty throughout the business community and this will continue in the coming months,&#8221; she continued.<\/p>\n<p>The shutdowns caused by the coronavirus disease 2019 (COVID-19), according to the report, &#8220;occurred over the traditionally busiest quarter for real estate sales.&#8221;<\/p>\n<p>CREB also reported on the effect on other types of homes in Calgary.<\/p>\n<p>&#8220;Year-over-year price declines ranged from more than eight percent for row properties to nearly three percent for semi-detached and apartment properties,&#8221; it added.<\/p>\n<p>According to CREB, the following are the average prices of homes:<\/p>\n<ul>\n<li>Total Residential &#8211; $418,000<\/li>\n<li>Detached &#8211; $485,800<\/li>\n<li>Semi-Detached &#8211; $391,500<\/li>\n<li>Row &#8211; $270,800<\/li>\n<li>Apartment &#8211; $243, 400<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Improvements are seen in the house sales in Calgary but it is still too early to declare a recovery that &hellip;<\/p>\n","protected":false},"author":33,"featured_media":256347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,21],"tags":[],"class_list":["post-264193","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-real-estate","mauthors-bea-kirstein-t-manalaysay","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/264193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=264193"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/264193\/revisions"}],"predecessor-version":[{"id":264210,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/264193\/revisions\/264210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/256347"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=264193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=264193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=264193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}