May 15: Mid-month Real Estate Market Stats

Calgary’s resale real estate market remains on par with volumes produced last year at the same time.

With the government shortening the amortization time for mortgages again this year, it appears we again moved most of the first time home buyers in the first quarter.

Entry level buyers are essential in our market as it allows for a “chain reaction” of sales through the price ranges when a starter home or condo is sold.  When we lack in this area, it stifles the entire market.  Although the economy is improving we still aren’t seeing the net migration needed for our market to grow.

Listings also remain stable and are actually a little behind last year’s volumes, which is good news. Well-priced homes and condos continue to sell and activity in the luxury home market remains strong.

As always, call me if you any questions or even if you just want to talk shop!  I can be reached 403-238-3113 or at jondick@shaw.ca!