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Calgary Heading in Opposite Direction from the Rest of Canada

Posted by John Mayberry on Saturday, November 17th, 2012 at 11:23am.

When Will the Calgary Market Really Catch Fire?

It’s been a strong year for real estate sales with a 23% increase over October 2011. Calgary’s market is outperforming any other markets and is on the opposite sales end compared to the rest of the country.

CREB® President Bob Jablonski says “Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth. However, despite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.”

That’s nice to know except it doesn’t reveal how last year’s sales were actually pretty good too. The Calgary market has been resilient for some time. There is lower inventory now so anyone listing their home is likely to enjoy more views and perhaps better offers.

Winter is typically a slow time for buyers and sellers however smart buyers are contacting us and having us keep a close eye on properties coming available. It’s better to be first to get your offer in. Don’t wait for other buyers to show up.

Population growth in Calgary has begun to simmer however 2013 but there are plenty of people moving to Calgary and they’ll soak up some of the available inventory. When the US gets over this latest economic hurdle (fiscal cliff) demand for housing should rise. Check right here for the 2013 Calgary housing outlook.

Look for homes for sale in Hawkwood, Edgemont, Panorama Hills, and Silver Springs now.

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