A Great Time to Invest or Move-Up! The end of summer continued the trend of softer sales numbers and higher than average inventory levels.  This situation will persist until the economy and job market in Calgary and Surrounding Area shows some improvement. Here are the key monthly numbers to consider: 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 5.5 months of supply. Single Family Detached – There is 4.8 months of supply Attached Homes – There is 6.3 months of supply. Apartment Condominiums – There is 6.9 months of

close

A Great Time to Invest or Move-Up! The end of summer continued the trend of softer sales numbers and higher than average inventory levels.  This situation will persist until the economy and job market in Calgary and Surrounding Area shows some improvement. Here are the key monthly numbers to consider: 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 5.5 months of supply. Single Family Detached – There is 4.8 months of supply Attached Homes – There is 6.3 months of supply. Apartment Condominiums – There is 6.9 months of

Read more

The summer months continue the trend of weaker demand caused by slower job growth, interest rate increases, and continued government policies looking to “cool” the Canadian housing market.  While the numbers still indicate a clear buyer’s market, there are pockets of recovery and the overall market is showing signs of stabilization. Here are the key monthly numbers to consider: 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 5.5 months of supply. Single Family Detached – There is 4.7 months of supply Attached Homes – There is 6.5 months of

close

The summer months continue the trend of weaker demand caused by slower job growth, interest rate increases, and continued government policies looking to “cool” the Canadian housing market.  While the numbers still indicate a clear buyer’s market, there are pockets of recovery and the overall market is showing signs of stabilization. Here are the key monthly numbers to consider: 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 5.5 months of supply. Single Family Detached – There is 4.7 months of supply Attached Homes – There is 6.5 months of

Read more