April 25, 2021
In my last blog, I shared with you some basic statistics regarding our current market. I am reading a lot of sources and they all point in one direction only. The trend is up. Here are a few quotes from Calgary Herald article written by J.Schlesinger:
“Royal LePage’s 2021 Spring Recreational Price Forecast predicts Alberta recreational properties, which include Canmore, will see price increases of about six percent, year over year, to an aggregate price of more than $942,000 this year....
April 10, 2021
This ratio is commonly used to decide if the market is “Buyers, Balanced, Sellers and Overheated. CMHC defines a housing market as “Overheated” when the ratio is over 85%, while 60% and over is considered seller’s market. Our ratio is 100.16% now! I do not think I need to say anything more…
The question I am being asked most recently is “How much will 1,2,3... bedroom home cost me? Or what can I get for $500k, 800k, 1M? So, using RE Stats...
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