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.

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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WILL THIS MADNESS EVER END?

Posted on Jan 16, 2022

Its January 16, 2022.  After a crazy year of selling homes under multiple offers, staging, strategizing and dealing with distraught buyers, will 2022 bring some relief?  Not yet.

Until the Bank of Canada raises its policy interest rate, housing prices will not slow down. The last sector to gain momentum....the apartment condo sector, is starting to sh...

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Where Water, Sand, Sky & House Meet

Posted on Aug 24, 2021

Its August 24, 2021.  We are in the DOG DAYS of summer.  We are in the last week before kids head back to school and before bosses expect us to show up for work or on Zoom in attire other than shorts and flip-flops!  No one likes to see summer go.  No one.  

(Well, maybe the one strange guy we all know who lives for snow.  But just him. )
 
When summer is upo...

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What to expect for the rest of 2021?

Posted on Jul 29, 2021

Today, July 29, 2021, the Calgary Real Estate Board posted its projection for August 2021 through to the end of 2021. Sales have been hot but going forward we are now going to see a more balanced market going into 2022. That means sellers need to price their houses accurately. For every 150 homes coming onto the MLS system, I'm seeing approximately...

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Calgary & Area Market Update

Posted on Jun 03, 2021

June 1, 2021:    Inventory rises, but sellers' market conditions persist...

CALGARY
With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. 

“The recent...

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