Found 2 blog entries tagged as Calgary Real Estate Market.

The sales activity for Alberta in September fell in line with the ten-year averages for the month. With the total inventory continuing to drop as we come into the Winter months, the average prices continue to rise as we remain in a competitive balanced market in most markets. The Calgary market remains one of the most competitive with Red Deer, Lethbridge and Medicine Hat staying within strong balanced market territory. However, some markets like Edmonton, Grand Prairie and Fort MacMurray are beginning to experience softening as sales slow and months of supply increase.  There are some interesting factors at play as the migration numbers from the first two quarters of the year have been reported. In fact, through the first half of the year…

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Market Statistics

 

As anticipated from past historical data of the typical winter months in real estate, it has been slow for the month of December. The real estate market in the city of Calgary has been slower for the entire city in general, but houses priced right, and in the right location will still fly off the shelf like hot cakes.

Overall, the Calgary Real Estate average prices has been dropping month over month since the beginning of 2018 because of a few economic factors.

Here are some reasons why the Real Estate Inventory has been slowing:

1. The consumer confidence seems to be at an all-time low.

2. The challenges in the Alberta Energy sector and record low Gas prices

3. Rising Bank of Canada interest rates appear to be hampering new buyers…

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