Calgary 2013 Housing Market. What Buyers need to Know?
Homes & Condos under $500,000 are selling faster than past few years. Its a Sellers market. So good quality homes that are priced right will not be on the market for very long. A matter of days in a few key areas of Calgary. There can be multiple Offers and homes can sell at List price. Buyers who keep waiting for a home to drop in price can be disappointed since it could easily sell if its close to market value. This is where Buyers need a REALTOR® to guide them on price and market value. Buyers can get caught up in the hype and over pay. So speak to your REALTOR® about market value for community you are buying in. Ask your REALTOR® what is the Average Drop Price for community you are planning to buy in.
What do we anticipate for the 2014 Calgary Real Estate Market? The following extract from a BMO News Article sums up the forecast for Calgary in 2014……
” Calgary has reclaimed its title as the strongest major housing market in the country after correcting several years ago, says a new report released by BMO Economics. The report, Canadian Housing Update: Tale of Four Cities, examined the state of the housing markets in Canada’s four largest cities: Vancouver, Calgary, Toronto and Montreal. Sal Guatieri, senior economist with BMO Capital Markets, said listings are lean in the city, giving sellers the upper hand right now on prices.“Three main factors. Strong economy. Strong population growth. And good affordability. Those are all driving Calgary’s housing market now and likely in the future,” said Guatieri.
“We don’t see bad things happening to Calgary’s economy any time soon, barring a big drop in oil prices for example. And we think Alberta for one will definitely lead economic growth perhaps for the next couple of years riding the energy boom. As a result, Canadians from across the country will likely continue to migrate to Alberta and Calgary looking for work. That can always support the housing market.”
Calgary is an exciting city to live in. Geoff Antrum and Matt Antrum are here to assist Buyers and Sellers make real estate investment choices that are based on the clients
best interests. Please call us and check out our website at www.SearchCalgaryHomes.ca
CIR REALTY is Alberta’s largest independent real estate brokerage that offers residential, commercial and investment real estate services. Geoff Antrum (403 608 5682) & Matt Antrum (403 608 5684) are REALTORS® at CIR REALTY and we specialize in residential sale in Calgary and area.
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