We see the Opportunity – Do you?
The headlines have been pessimistic. We’ve all heard reports about the dip in the Calgary Real Estate market. While sales have slowed from the same time last year, it really isn’t all doom and gloom for the city’s Real Estate market. In fact, it’s looking pretty bright for prospective buyers.
Are we in a Buyers Market?
Calgary has been a seller’s market for the past few years. In previous years, low inventory levels and high demand had tipped the scales in the sellers’ favor. Now that there is a higher inventory - buyers have more choices and more time to make a decision. This tips the market in the buyer’s favor. Add in incredibly low lending rates - as low as 2.89% Preferred Rate for a fixed 5 year mortgage or 2.64% for a fixed 4 year mortgage - and you have a GREAT situation for buyers.
Does the Buyers Market translate to new construction homes too?
Yes, a buyer’s market is a buyer’s market across the board. Home builders are seeing increased inventory as well, and this means that buyers will have more options when it comes to the possession timing. More homes will be available for quick possession and new-build homes will be completed faster than before. Check out the great Inventory of Spec Homes we have to offer, built by Hopewell!
Let us do the work for you!
Click on the tab above to start your home search today, and we will start you off with a custom report of the Calgary homes for sale that meet your criteria!