Q2 2020 Calgary Market Report

Ironically, Calgary’s real estate market, when looking strictly at the numbers, had an almost forgettable second quarter. Instead of seeing the typical market fluctuations produced by the volume of tenants and landlords transacting on new leases, nearly all businesses have pressed the pause button, along with the rest of the world, while we sort out what to make of the first global pandemic in a century. Instead of discussing revenue forecasts, growth projections, and vacancy rates, we zeroed in on case counts, rent relief, staff reductions, office safety and corporate policies on working from home.