Calgary Real Estate Market Update – July 12, 2017
Are you enjoying Stampede this year? I hope you are enjoying the sunshine, weekend adventures camping or visiting all the amazing sites around Alberta, taking in Stampede and a great start to a Calgary summer.
It seems lots of folks are doing just that and as the usual trends, show, less folks are focused on real estate right now. Nothing too unusual. What is a bit more unusual is a bit of a surge in listings. The listing increase is good for buyers that were getting pushed out of the quick turnaround in detached homes at the lower price points. It isn’t great news for sellers in an already challenged market in the apartment segment. What we are seeing is a market in recovery and the ebb and flow that happens along the way.
News today is that the Bank of Canada has increased the ‘overnight’ rate by .25% to .75%. Each institution will now determine their adjustments and announcements are soon to follow.
Not sure what the best move is for you? Give me a call and we can work out your specific situation. I’m helping lots of folks watch various markets to help them determine their next steps. It is really helpful when you see info just related to you instead of overall city statistics. AND I will make sure you know what you need to get your home and paperwork ready to list when the right time comes. Yes, the lighting, furniture placement, art on the wall, clean cupboards and ‘pre-packing’ really do make a big difference. 🙂
Have a great July everyone and enjoy everything that is great about Calgary and Alberta with the free park pass!