Narrowing Window of Opportunity to sell…

Yes, the window of opportunity to sell your home in Alberta is narrowing.  No doubt about that.

I’m getting reports from the banks, economists, CMHC and the Calgary Real Estate Board along with the Canada-wide real estate associations and provincial associations.  Confusing messages.  No one knows when they should sell. Most eyes are on Vancouver and Toronto and for those of us in Calgary, that’s no surprise.  So let’s skip to what matters… the Calgary market.  Despite what you hear in the media, Calgary’s market right now is good. All of us have been surprised but COVID has brought us a lot of bad things but one good thing and that’s lower mortgage rates.  So that means buyers are out looking.  If you are thinking of selling….DO IT NOW.  Do not make the mistake of waiting until spring.

I’m never this emphatic but I need my Calgary homeowners to get this message.  If you wait until March or April, not only will you be competing with hoards of new listings that typically come on the market each spring but you will be competing against the long list of foreclosures now set to enter the market as a result of the Covid Pandemic fall-out.  You won’t be able to compete against foreclosures and still get the price you want for your house.  Calgary foreclosures will bring the market down – no doubt about it.  Always has… always will.  Foreclosures are starting to appear on the database but there is still a narrow window to take advantage of the good market so contact me and I will make this happen for you.  Once your house is sold you will be able to sit back and see what happens to the market and you will be very glad you got on it now.  My reputation speaks for itself.  I will get you through this rough patch.  And remember, there are literally thousands and thousands of Calgarians who have been hit hard by COVID.  People just like you and me.  Not a lot of people are talking about it because its embarrassing but pretty much everyone has been hit in one way or the other with the financial crushing effects of Covid.  Its just what you do about it that will separate you from everyone else.  I don’t believe in pressure.  Everyone will tell you that.  So don’t be afraid to step forward and least get an evaluation on your house so you know where you stand in this market.  It will help you make an informed decision one way or the other and all of my client’s information is kept in the strictest confidence.

Calgary Real Estate Market - Today

Posted on May 28, 2024

In a market like this, you need to know what is going on from week to week. The prices are stabilizing right now. But just right now. Why? Buyers are waiting for the Bank of Canada key rate decrease which affects banks and the interest rates they offer to Buyers. I predict this to occur in July, although there is speculation it will happen in June...

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RATES INCREASE! Elastic Band Effect and What's Rotting in Denmark 

Posted on Jul 20, 2023

Remember when we were in junior high school and we took elastic bands and snapped them against our skin and did this to our friends?  Why would we do that?  Geez.  But that's not what I'm talking about here.

 Last week, on Wednesday July 12, 2023, right in the middle of most people's vacations, the Bank of Canada raised its rate. Before that, we were ho...

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Calgary Housing Market Goes Up

Posted on Jul 04, 2023

Contrary to economist's projections in January, here's the year-over-year summary: Detached homes up 6%, Semi-Detached (half-duplexes) up 6%, Row/Townhomes up 11% with some areas as much as 20%, Apartment Condos up 12%. When will it end? It ends when Vancouver and Toronto residents stop moving here and investing here. No one really knows because cl...

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Hot Weather...Hot Housing Market

Posted on May 31, 2023

Could it get any hotter? I'm not talking about the weather. I'm talking about Calgary & area homes priced up to $600,000. After the May long weekend, I saw more houses sell than were listed. In fact twice as much sold than were listed. Is this even possible? Actually yes. There usually are a small base number of houses that simply don't sell. House...

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Housing Prices Creep Up Again

Posted on Apr 03, 2023

As predicted, due to limited supply of houses in Calgary and surrounding areas, the prices have begun to quietly creep up. Now the rest of North America is still in a bit of a chilly market but Calgary remains strong due to inter-provincial migration and the nearly 450 Ukrainian refugees settling in Calgary each week! So if you thought you could pu...

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Calgary Real Estate Market Update February 1, 2023

Posted on Feb 01, 2023

What is the latest in Calgary's real estate market?  
With the Bank of Canada's seven rate increases in 2022, this had an affect on the housing market. Buyers are seeking out lower-priced homes - primarily because they qualify for a much lower mortgage than they would have just 12 months ago. The overall benchmark price is $520,900... comprised of the...

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