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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In every market there are opportunities. We are seeing many buyers starting to take advantage of the tremendous buying opportunities in the market.  These buyers see that real estate is “on sale” in our area right now and want to buy before interest rates increase and the economy recovers. 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 – 5.6 months of supply. Single Family Detached – 4.8 months of supply Attached Homes – 6.6 months of supply. Apartment Condominiums – 7.1 months of supply.

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In every market there are opportunities. We are seeing many buyers starting to take advantage of the tremendous buying opportunities in the market.  These buyers see that real estate is “on sale” in our area right now and want to buy before interest rates increase and the economy recovers. 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 – 5.6 months of supply. Single Family Detached – 4.8 months of supply Attached Homes – 6.6 months of supply. Apartment Condominiums – 7.1 months of supply.

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