Welcome to Great Calgary Homes!
The 2010 spring market in Calgary is heating up and with the recent interest rate hikes, buyer's are getting serious to find a property before their mortgage rate guarantees expire. March 2010 has seen an increase in sales volumes of 29% for single-family homes and a 37% for condos over the same period last year.
Our broker and President of the Calagary Real Estate Board, Diane Scott, has the following obsevations:
“The spring market has come early to Calgary. Improved economic conditions, better employment prospects, and an earlier than expected rise in mortgage rates are all contributing to this early boost in sales this year. Undoubtedly the recent announcements by all our major banks to raise mortgage rates are motivating buyers to take the plunge. But Calgary’s market remains in a healthy position and our sales are not outstripping supply. The rise in demand will also motivate sellers to consider listing this spring.”
“There has been some speculation that mortgage rate hikes will adversely affect housing demand in the long-term, but we should keep in mind that a rise in rates was fully expected. The Bank of Canada has been operating at emergency rates as a response to the global recession. While a rise in rates may tone down demand later this year, we don’t feel this adjustment will prevent the vast majority of buyers with healthy credit to enter the housing market,” said Scott.
“Ultimately improvements in employment and economic conditions will drive housing demand—Calgary’s economy has seen solid improvements in the first quarter of 2010,” added Scott.
Having an experienced Realtor working for you whether you are selling or buying is very important in these times. Marv & Jennifer have that experience to advise you on the best practices for selling and stategies to use when buying in this steadily changing market.
Here you'll find resources to assist you with all your real estate needs. Whether you are a first time homebuyer, looking to upgrade (or downsize) your property, or an investor wanting to add to your portfolio of properties, Marv & Jennifer can provide you with comprehensive real estate solutions.
The Calgary Real Estate Market has been very strong in recent years and owning a property here has never been better! Due to low interest rates, many first-time buyers are entering the market while others are moving up to their dream homes. This dynamic market benefits both buyers and sellers. Having a large number of properties on the market gives buyers many choices.
If you are considering buying or selling a home, Marv & Jennifer are always willing to meet with you and offer their professional, informative, no pressure style to ensure this exciting time of your life comes with as little stress as possible.
Marv & Jennifer offer complimentary, no obligation property evaluations to give you an accurate estimate of what your home may be worth in today's market. Give them a call to set up an appointment for a personal consultation or complete the on-line submission form and get recent sales figures of similar properties.
Thinking of buying a home soon? This website allows you to search for current listings and receive detailed descriptions and photographs.You can customize your search by area, price or property type.
Thanks for visiting and check back often for updates.