Keep a local focus
With all the high profile stories in the news about the American Real Estate market and other major markets across Canada, it’s becoming difficult to get a good sense of what’s happening in the local market. Before drawing conclusions about what these stories mean for Calgary or even a single neighborhood in the city, make sure you have the whole story.
For example, a recent article from the Herald News Services was headlined “Home Listings Break Record”. The focus of the article was the total number of resale homes on the market nationwide was over 80,000 for the first time. It would be easy to say this would apply to the whole country but the last sentence of the article reads “In contrast, listings in Alberta continued to fall in July - by two per cent - from their peak set in March.”
August stats for Calgary will be released by the Calgary Real Estate Board this week and I’ll post the summary on this site. Expect listing inventory, especially in the single family Calgary-metro home market to continue to decline.
I'm committed to helping my clients buy, sell and enjoy their homes and I strive to provide an added level of value and service at every stage of the Real Estate transaction. 