As we move into 2019 the continued slow economic growth and job uncertainty in Alberta are reflected in higher inventories and not enough buyer demand.  Any pick up in job growth and economic optimism that equates to increased buyer demand will cause a significant shift in our market. Here are the key numbers for last month: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 6 months of supply Single Family Detached – 5 months of supply Attached Homes – 7 months of supply Apartment Condominiums – 9

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As we move into 2019 the continued slow economic growth and job uncertainty in Alberta are reflected in higher inventories and not enough buyer demand.  Any pick up in job growth and economic optimism that equates to increased buyer demand will cause a significant shift in our market. Here are the key numbers for last month: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 6 months of supply Single Family Detached – 5 months of supply Attached Homes – 7 months of supply Apartment Condominiums – 9

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The Calgary and Area Real Estate market had a slow start in January, but the recent activity over the first couple of weeks in February are painting a bit better picture.  The numbers are improving versus January! Here are the key numbers for last month: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 6.8 months of supply Single Family Detached – 5.8 months of supply Attached Homes – 7.6 months of supply Apartment Condominiums – 9.3 months of supply  Sales to New Listings: (Ratio of under 0.6

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The Calgary and Area Real Estate market had a slow start in January, but the recent activity over the first couple of weeks in February are painting a bit better picture.  The numbers are improving versus January! Here are the key numbers for last month: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 6.8 months of supply Single Family Detached – 5.8 months of supply Attached Homes – 7.6 months of supply Apartment Condominiums – 9.3 months of supply  Sales to New Listings: (Ratio of under 0.6

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The Calgary and Area real estate market had many challenges in 2018, with major impacts due to mortgage rule changes and a continuing soft job market.  As time moves on, buyers and lenders are adapting to the new rules and there are predictions of a stronger economy in Alberta in 2019. Here are the year end numbers for 2018 with some comparisons to year end 2017 Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 2018 is 5.22 months of supply versus 2017 at 3.64 Single Family Detached

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The Calgary and Area real estate market had many challenges in 2018, with major impacts due to mortgage rule changes and a continuing soft job market.  As time moves on, buyers and lenders are adapting to the new rules and there are predictions of a stronger economy in Alberta in 2019. Here are the year end numbers for 2018 with some comparisons to year end 2017 Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 2018 is 5.22 months of supply versus 2017 at 3.64 Single Family Detached

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