How many dramatic click bait headlines have you seen on the news about the real estate market lately? Phrases like "prices plummeting" or "housing market crash looming" floating around on social media. Over this summer, the benchmark price of all property types in Calgary eased to $531,800 but prices are still more than 11% higher than last year. T...
The real estate market is a fickle thing - there are ups & downs and seems like it has a mind of its own. For the second month in a row, we are seeing the market shifting & correcting itself after 18 months of upswing. The intense bidding wars that we saw in the first half of the year seem further & further away. Even though sales activity slipped...
We are already half way through 2022?!?? I can't believe how fast the year is flying by. I love June... but I'm biased because June is my birthday month (?). ANYWAY - much like the weather this month, the real estate market is also seeing some signs of transition. As the weather gets warmer (minus the last 2 weeks of rain), the market has cooled of...
Have we moved passed the craziest times? Since record-high sales in March, sales activity has trended down or the second month in a row. We've talked about how the interest rate hikes would affect buyers and it looks like we are finally seeing the impacts on the real estate market. For the last five months, so many buyers were eager to purchase the...
Are you feeling the spring vibes lately? I bought some flowers, and deep cleaned my home. And the days are getting longer - I am loving evening walks with Cosmo and still seeing sunlight past 6PM lately. Real estate? April actually cooled down a tad. March was a tough month to follow as an all-time record high month of sales. This month the total n...
We thought February was the record holder for sales but then this month came MARCHing in and new records were set again (ha..ha.. you know because this is a March market update). Sales were not only high for this time of year but also hit all-time record highs for any given month. March totalled over 4,100 sales, about a 41% increase Y/Y. There was...