Tag: redline real estate

08
Nov

Calgary Real Estate Market Update October 2017

How was the Calgary Real Estate Market in October?

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We saw an inventory drop in October and coupled with sales holding steady with September numbers, the Calgary real estate market is becoming more and more stable.

The Calgary real estate market drives in cycles and we are now approaching the slow time of the year when sales begin to drop.

With sales dropping slightly and a strong indication of inventory dropping, we should see a fairly normal market for Calgary moving through the winter months.

We feel that the winter months are one of the best times to sell your home as you will see a lot of your neighbours pull their homes off the market during the Christmas and holiday season. If there is still demand for your area, you will no longer be 1 of 10 listings, you might be 1 of 3 or 4.

What is the Latest Mortgage Rule Change and How Does it Affect Me?

I think Darren spells it out best in this video so watch the video below as he gets into what the changes are and if you will be affected by them.

 

Calgary’s Hottest Real Estate Communities

The three hottest communities in Calgary were:

Ogden, Cliff Bungalow and Acadia.

“All of them had quite a few properties hit the market but almost doubled down on the properties sold.”

There are other communities that have low inventory so if you are looking in any of the communities listed below, you should be ready to jump on that home that pops up on the market that matches your criteria:

North Haven, Christie Park, Upper North Haven, Maple Ridge and Charleswood

Full Video is below with clickable indexed timelines

INDEX (clickable):

0:00:37 October Expectations

0:01:34 Inventory Shift

0:02:08 Inventory vs Sales

0:02:58 the Feds

0:05:32 Headlines vs Reality

0:06:27 Potential of the “Rule Change Rush”

0:07:34 Advice for Sellers

0:09:17 Advice for Buyers

0:10:57 Summary

0:11:19 Calgary’s Hottest Real Estate Markets

0:12:40 Calgary’s Hottest Communities

0:14:43 Wrap Up

06
Oct

September 2017 Canada Real Estate Market Report

How’s the Market in September 2017?

This may be a surprise to some but the Canada real estate market begins to slow starting in October. In fact, it is a trend we see at this time every year.

This is nothing to be concerned about, sales drop off a little bit at the same time each year and typically, inventory drops as well.

The Good News about the Canada market

The good news story about 2017, from Q1 right through to Q3 has been an overall increase in sales activity from 2016. With the exception of the apartment sector, currently there is 8 months worth of supply on the market.

Which means there is an abundance of product currently listed.

Of course we know what the law of supply and demand dictates.

To learn more about the market, watch the video below and if you like, skip ahead to the points that interest you the most:

0:00:00 September Market Update

0:01:40 High Level Overview

0:03:00 2017 Overview

0:04:07 Steady Market

0:05:12 Year Over Year Price Comparison

0:06:38 Trends to Watch

0:08:20 Sellers

0:10:28 Buyers

0:11:36 Apartments

0:12:23 Hottest Canada Markets

0:13:42 Wrap Up