Calgary housing market forecast to remain strong in 2022

Calgary's housing market forecast for 2022 has been released by the Calgary Real Estate Board Media Releases (CREB).

Following a stronger housing market in 2021 than anticipated, where the residential price rose by 8.25 per cent , CREB is forecasting a 4.46 per cent increase in the residential price for 2022.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie.

“The biggest question will be whether supply can meet that demand. It will take time…

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4 Tips you need to know when buying a home in a seller's market in 2022

Buying a home at any time can be stressful and overwhelming, however buying in a seller's market can be an emotional roller coaster. In a seller's market the experience of your Realtor matters.

You deserve an expert Realtor to help guide you through the process, providing advice and strategies to ensure you are successful in your home purchase.

First of all, what is a seller's market? In a seller’s market, there are more buyers than there are homes for sale. With fewer listings to choose from and more competition, homes typically sell quickly, often with multiple offers and selling over asking price. In a seller’s market, the seller has the upper hand.

If you have…

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In this episode I talk about the Calgary real estate market in January 2022.

When you are thinking of buying or selling your home in Calgary, it is important to understand what is happening in the housing market.

At the moment it's all about low inventory (specifically for detached homes) which has caused an increase in sales and price in Calgary.

In 2021 Calgary had 1500 detached properties on on the market. At the start of 2022 there are only 860 detached properties for sale in Calgary. That is a 46% decrease in homes for sale in. When there is less supply and high demand that's what puts prices up.

Buying or selling your home can be stressful. It can be overwhelming, and you don't know where to start. We understand how stressful it…

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