What's Happening in Calgary, AB…

The latest real estate numbers are in, and they indicate that Calgary’s housing market is currently very favorable for those who wish to sell their property.

According to the Calgary Real Estate Board’s chief economist, Ann-Marie Lurie, earlier this year there were more people who wished to sell their home in the mid-price range, which resulted in the rates being more favorable to buyers. However, things have begun to even out.

Lurie also noted that there are more houses for sale in the higher price bracket, which has resulted in their value not rising by much.

First-time buyer Kelsey Bachler told CBC News that she and her husband had hoped the cost of property in their price range would fall with the recent slowing of the area’s economy, but this did not happen. Many of the ones they were interested in also sold before they could make a bid, and they were only able to seal their purchase after making an immediate offer right on the spot. Brochure printer can produce pamphlets that let those who are purchasing their first property know how the process works and what to expect, which can make it easier when a house they like arrives on the market.

The Calgary Real Estate Board’s latest numbers indicated that the average single-family home in the city was worth $554,321, which is $10,000 less than this time last year.