In the early months of the pandemic, the Calgary economy was struggling, and the real estate market was struggling alongside it. Yet, renewed confidence and more control over the COVID-19 outbreak has led more people to dip their toes into real estate once again. Although the COVID-19 outbreak persists, people continue to see the value of property in Calgary. Here’s a closer look at the recovery of the Calgary real estate market: Calgary Home Prices Calgary has long offered first-time homebuyers a more affordable option compared to other large Canadian cities like Vancouver or Toronto . In August 2020, Calgary’s average price for a single-family home was $466,000 while for an apartment it was $248,500. This is significantly less than average prices in Vancouver for single-family homes ($1,501,900) and apartments ($685,800). Notably, Toronto prices were not much less than Vancouver, sitting at $592,900 for apartments and $999,200 for single-family homes. As an increasing numb