Well, it looks like we are in for a bit of a bumpy ride! All reported Calgary Real Estate market segments are showing the effects of the economic downturn due to the fall of oil prices and the resulting layoffs. However it is important to note that in some market segments, the market is still better than in 2011. If you are selling during this market climate you will need to get the correct information from your Realtor to make good decisions. Please feel free to contact us with any questions you may have.
In this report you will notice that the Calgary Real Estate Board has changed the categories of the reported market segments. What they used to categorize as “Attached” has now been broken out into two categories; “Semi-Detached” and “Row”. Row is almost always condominium ownership or townhomes and Semi-Detached can be either but is usually fee simple ownership.
Current market conditions have created excellent buying opportunities for investors. There is more inventory to choose from and the rates are still extremely low! The City of Calgary is predicting that our population will grow to 1,342,600 by 2019 and that 85,000 of that population growth will be new residents, all of whom will need places to live!
If you are curious about the investment market or the current market value of your home, please feel free to contact us.
Download Calgary and Area Real Estate Statistics – October 2015
If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.
Hope this helps!
Susanita de Diego
