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.

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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CALGARY:  One of the Top 10 Most Affordable Cities in the World

Posted on May 17, 2022

CALGARY, Alberta is now one of the world's top 10 most affordable cities to live in, posted today by the Calgary Real Estate Board who uses an in-house economist to analyze and report data.

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Market Update May 3, 2022

Posted on May 03, 2022

Yesterday, the Calgary Real Estate Board posted this: " Calgary's benchmark price reached $526,700 in April, nearly two per cent higher than last month and 17 per cent higher than last year". This means that home prices (detached homes) have risen 2% in just 30 days. This translates into the price of a Calgary home increasing approx. $175 per day...

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Interest Rate Hike & Calgary Market

Posted on Apr 24, 2022

Despite recent posts by the Calgary Real Estate Board stating that the market is "hot", those of us in the trenches are seeing a slight shift in the Calgary & Area real estate market. Generally, we can say this: The Bank of Canada interest rate hikes have affected the market in that the amount of buyers looking for homes has decreased slightly. Wha...

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Market Feels Cool Breeze

Posted on Mar 31, 2022

In the last couple of weeks, I've noticed a slight - if ever so slight - cooling in the market. By that I mean that detached homes and townhomes are still selling for at least list price...but the number of competing offers has decreased. For example, a single family home in Calgary's NW, Evanston, recently sold for $20,000 over list - but with onl...

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