Price Remain Stable in 2017 Over the last couple of months, we have seen stability in the Calgary and Area Market.  Prices for 2017 are stable.  In October, there was a little more inventory in the market with a little softening in the total number of sales.  There are some great deals in the market and people are trying to determine how the new mortgage rules may impact their purchase and/or sale over the coming months. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4

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Price Remain Stable in 2017 Over the last couple of months, we have seen stability in the Calgary and Area Market.  Prices for 2017 are stable.  In October, there was a little more inventory in the market with a little softening in the total number of sales.  There are some great deals in the market and people are trying to determine how the new mortgage rules may impact their purchase and/or sale over the coming months. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4

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The projections have come out for 2018 and it looks like we will have more of what 2017 offered us in the Calgary and Area real estate market. Projections are for prices to remain stable, the only exception is in the apartment condominium market where there could still be further downward pressure on prices due to high supply numbers.  In addition to stable pricing, total sales numbers and inventory numbers are all looking to be stable through 2018. With this in mind, let’s look at some of the important real estate numbers from January 2017 as compared to January 2018:  (2017/2018) Absorption Rate: (0-2 months of supply is a seller’s market,

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The projections have come out for 2018 and it looks like we will have more of what 2017 offered us in the Calgary and Area real estate market. Projections are for prices to remain stable, the only exception is in the apartment condominium market where there could still be further downward pressure on prices due to high supply numbers.  In addition to stable pricing, total sales numbers and inventory numbers are all looking to be stable through 2018. With this in mind, let’s look at some of the important real estate numbers from January 2017 as compared to January 2018:  (2017/2018) Absorption Rate: (0-2 months of supply is a seller’s market,

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“Big John’s” Thoughts on the Calgary Real Estate Market January 2018 Looking back on 2017, it truly was the year of stabilization.  All the key indicators stabilized through the year, we have broken down the number for 2017 below.  In addition, it is interesting to note the benchmark price changed by -0.17%, the median price by 1.18%, and the average price by 0.93%.  All indicating the pricing was basically “flat” for the year.  This represents a big improvement over the declines we saw in 2015 and 2016. With this in mind, let’s look at some of the important real estate numbers from December 2017: Absorption Rate: (0-2 months of supply is

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“Big John’s” Thoughts on the Calgary Real Estate Market January 2018 Looking back on 2017, it truly was the year of stabilization.  All the key indicators stabilized through the year, we have broken down the number for 2017 below.  In addition, it is interesting to note the benchmark price changed by -0.17%, the median price by 1.18%, and the average price by 0.93%.  All indicating the pricing was basically “flat” for the year.  This represents a big improvement over the declines we saw in 2015 and 2016. With this in mind, let’s look at some of the important real estate numbers from December 2017: Absorption Rate: (0-2 months of supply is

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November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of the announcement of the new mortgage stress test rules coming into effect January 1, 2018.  IF YOU ARE NOT FAMILIAR WITH THESE CHANGES AND ARE THINKING ABOUT A PURCHASE, PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR SITUATION AND POTENTIAL IMPACT ON YOUR PURCHASING POWER. With this in mind, let’s look at some of the important real estate numbers from November 2017: Absorption Rate:   (0-2 months of supply is a seller’s market, 2-3.5 months of supply is

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November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of the announcement of the new mortgage stress test rules coming into effect January 1, 2018.  IF YOU ARE NOT FAMILIAR WITH THESE CHANGES AND ARE THINKING ABOUT A PURCHASE, PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR SITUATION AND POTENTIAL IMPACT ON YOUR PURCHASING POWER. With this in mind, let’s look at some of the important real estate numbers from November 2017: Absorption Rate:   (0-2 months of supply is a seller’s market, 2-3.5 months of supply is

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Now is a Great Time To Buy! Over the last couple of months, we have seen stability in the Calgary and Area Market.  The absorption rates, sales to new listing ratios, and total sales are stabilizing.  Versus a year ago, we are seeing a little more inventory starting to come to market – likely because of marginally better market conditions. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 4 months of supply.

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Now is a Great Time To Buy! Over the last couple of months, we have seen stability in the Calgary and Area Market.  The absorption rates, sales to new listing ratios, and total sales are stabilizing.  Versus a year ago, we are seeing a little more inventory starting to come to market – likely because of marginally better market conditions. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 4 months of supply.

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June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move up market segments.  The apartment sector is still showing signs of over supply with new projects continuing to come to completion. With this in mind, let’s look at some of the important real estate numbers from June 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.11 months of supply. Single Family Detached –

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June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move up market segments.  The apartment sector is still showing signs of over supply with new projects continuing to come to completion. With this in mind, let’s look at some of the important real estate numbers from June 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.11 months of supply. Single Family Detached –

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April Real Estate Market Shows Signs of Life! As we start to see some economic stability and people have confidence in their personal job situation, buyers are starting to come back into the market.  If you are looking to sell your home, now is a great time to enter the market with new buyers looking every day.  Buyers, don’t sit on the sidelines and wait.  Properties are selling.  If you wait, you risk paying more over the next few months – wishing you had bought today versus waiting. With this in mind, let’s look at some of the important real estate numbers from April 2017: Absorption Rate: (0-2 months of supply

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April Real Estate Market Shows Signs of Life! As we start to see some economic stability and people have confidence in their personal job situation, buyers are starting to come back into the market.  If you are looking to sell your home, now is a great time to enter the market with new buyers looking every day.  Buyers, don’t sit on the sidelines and wait.  Properties are selling.  If you wait, you risk paying more over the next few months – wishing you had bought today versus waiting. With this in mind, let’s look at some of the important real estate numbers from April 2017: Absorption Rate: (0-2 months of supply

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February 2017 – A Stabilizing Market All the sales metrics for February 2017 are showing significant improvement versus a year ago, and this now represents 3 months of positive news for our real estate market.  A welcome change in direction from the previous 2 year softening of our market.  What do these numbers really mean?  Better is a relative term.  In this case, it really means we are working towards a stable market.  Overall, sales are still 19% below the 10-year average.  We may have turned a corner and started to move in the right direction. With this in mind, let’s look at some of the important real estate numbers from

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February 2017 – A Stabilizing Market All the sales metrics for February 2017 are showing significant improvement versus a year ago, and this now represents 3 months of positive news for our real estate market.  A welcome change in direction from the previous 2 year softening of our market.  What do these numbers really mean?  Better is a relative term.  In this case, it really means we are working towards a stable market.  Overall, sales are still 19% below the 10-year average.  We may have turned a corner and started to move in the right direction. With this in mind, let’s look at some of the important real estate numbers from

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January 2017 – What a Difference a Year Makes! The numbers for January 2017 are substantially better than 2016.  The entire outlook for the Calgary and Alberta economy is very different as well.  Last year, people were talking about $25 per barrel oil, massive layoffs, and no real sign of optimism was present.  Now we are seeing oil just over $50 per barrel, the layoffs have been made and the labor market is stabilizing with some firms starting to hire people again.  There may not be overwhelming optimism in Alberta, but it is sure a lot more positive than it was a year ago! With this in mind, let’s look at

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January 2017 – What a Difference a Year Makes! The numbers for January 2017 are substantially better than 2016.  The entire outlook for the Calgary and Alberta economy is very different as well.  Last year, people were talking about $25 per barrel oil, massive layoffs, and no real sign of optimism was present.  Now we are seeing oil just over $50 per barrel, the layoffs have been made and the labor market is stabilizing with some firms starting to hire people again.  There may not be overwhelming optimism in Alberta, but it is sure a lot more positive than it was a year ago! With this in mind, let’s look at

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The Calgary and Area Real Estate Outlook for 2017 2017 looks like the year of stability for the Calgary and Area real estate market.  The economic indicators for Alberta along with the real estate numbers show we are “bouncing along the bottom” and 2017 should bring us some stability to the numbers. The Calgary Real Estate Board has just come out with projections for 2017.  The projections are for the number of sales to slightly increase by about 3% with prices being flat through the year.  The exception to this is the apartment condo market.  There is still some significant inventory coming to market, when combined with a projected 2-3% decrease

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The Calgary and Area Real Estate Outlook for 2017 2017 looks like the year of stability for the Calgary and Area real estate market.  The economic indicators for Alberta along with the real estate numbers show we are “bouncing along the bottom” and 2017 should bring us some stability to the numbers. The Calgary Real Estate Board has just come out with projections for 2017.  The projections are for the number of sales to slightly increase by about 3% with prices being flat through the year.  The exception to this is the apartment condo market.  There is still some significant inventory coming to market, when combined with a projected 2-3% decrease

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