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 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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Calgary House Market Winter 2023

Posted on Jan 03, 2023

Here's the straight goods on what's going on: Single detached homes have seen a slight decrease in prices but not like cities like Vancouver or Toronto have experienced. Throughout the fall, we saw a drop in the number of sales however we also saw a drop in the number of properties being listed and its this tension that has kept supply and demand t...

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Buying-Selling in Calgary

Posted on Oct 14, 2022

Its October 14, 2022, and a report from CMHC just came out. Interest rates will keep rising until banks are pretty much issuing mortgages in the 7% rate. Its steep. Sure. But its temporary. Want a lower interest rate? I suggest waiting until summer 2024. Around that time, we will see the Bank of Canada lower its interest rate. They have historicall...

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Calgary Market - Sept 1, 2022

Posted on Sep 01, 2022

I just sold a house where the Buyer paid $8,000 too much!  (Good thing I was representing the Sellers - who were ecstatic!).  Buyers are hearing negative news reports about the Canadian market and how it is crashing.  Those of us who have lived in Calgary for most of our lives know Calgary is its own unique place and not subject to the effects of the...

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Could Medicine Hat be the new 'Kelowna'?

Posted on Jul 04, 2022

I recently spoke with a long-established real estate agent in Medicine Hat, Alberta. Medicine Hat, to me, is the city that I stop in to get gas when driving to see my folks in Winnipeg. It always seems sunny and they never seem to get much snow. Well, back to this real estate agent, Gord Paulson... he began discussing how there is quite a number of...

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Calgary Market Slows (slightly)

Posted on Jul 04, 2022

What's happening in the Calgary market?  Firstly, nothing like we are seeing in Vancouver or Toronto.  While Calgary is seeing a little bit of slowing, properties are still selling briskly.The Benchmark Price is currently $647,500. That's up 16% from last year. People are moving to Calgary for jobs and its expected that this price, while it may not i...

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