June 2018

Found 2 blog entries for June 2018.

We like to call it a buyer’s market when there is an inventory of homes listed for sale that is beyond the demand of buyers. Typically speaking in Calgary, we consider it a buyer’s market when the absorption rate is in excess of four months.   When this happens, as a buyer you will see a great selection of homes and a shift in leverage favouring buyers. These advantages include:

  • Greater opportunity for prices in your favour
  • Greater flexibility for negotiating terms in your favour
  • You may get more house or value for your money

Warning: the following article contains information that may be sensitive for some readers. The intention of this article is not to scare anyone. The information is what it is, however; and the facts are

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Calgary Market Summary - june 2018

While economic indicators continue to show improvement, and Alberta's GDP out paces the rest of the country by over 30%, our real estate market continues to have it's challenges.  The impact of the tightening of mortgage rules and higher interest rates has had an impact on slower residential resale markets nation wide.  It seems to have compounded in the Alberta markets as we continue to see lower than normal sales volume, which in turn is allowing the listing inventory to grow. The sales in May 2017 were 19% below last years numbers, and 24% below longer term averages. 

 As a result of the lower sales and climbing inventory, our absorption rate has climbed to 4.9 months which moves us into a buyers market.

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