Calgary’s real-estate market has held steady throughout the COVID-19 pandemic, with demand for condos falling and demand for detached homes rising.
Realtor Justin Havre, with REMAX First, says many people are considering ditching their condos for more space in single-family homes.
“There’s obviously been a lot less desire for condominiums due to the density of how people are living and how people are looking to get more space,” said Havre.
He adds that condos offer less space between neighbours using similar common areas, which in a pandemic, has turned people away.
But he says its good news for the buying market.
“The average price for a condominium has dropped by about 7.52 per cent,” said Havre.
Right now prices are 23 per cent lower for a condominium, adding September was the strongest on record for the housing market in six years.
“We are seeing condos that used to