Housing market characterized by slow demand

Posted by Nancy Ball on Monday, January 11th, 2016 at 9:38pm.

Happy 2016 Everyone!!!

Hope you all had a nice holiday season and are enjoying the warmer temperatures this week.  

The Calgary Real Estate Forecast predicts sales to drop 2.2% and prices to fall with foreclosures to rise up to 30% this year. That said, I look at the great opportunities for buyers and investors plus my Sellers are still getting offers and selling for a profit! I don't let the negative take over and maintain a positive outlook for 2016. 

Interest rates are predicted to rise so I would lock in a mortgage rate if you are interested in buying in Spring. If there is anything I can do to help you or someone you know, please let me know. Special thanks to Lindsay & Jacques Krzepkowski and Karen Chambers for your referrals as I've enjoyed helping your friends and family.  

Check out the latest CIR Realty contest to win a Master Bedroom Makeover! Please enter by February 7th and the draw will be on February 11th. Good luck everyone!

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GoPro: Best of 2015 - The Year in Review

December 2015 Statistics


Active Listings
Detached: 2138
Attached: 1078
Apartment: 1120


New Listings *Last 30 days
Detached: 793
Attached: 349
Apartment: 341


Sold *Last 30 days
Detached: 533
Attached: 194
Apartment: 151
Benchmark Price *Last 30 days
Detached: $508,700
Attached: $351,400
Apartment: $285,500


Last updated January 4, 2016 - Read full statistics

Calgary Area Events
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Chinese New Year
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Feb 14 Valentine's Day
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