Best Time to Buy Houses in Calgary

Going Up Again

Real Estate for Calgary has continued to gain momentum for another year. According to a recent CREB Report, Calgary’s housing market is showing the best year-over-year price growth in the country.
Calgary Booming!
From a year ago, the MLS Home Price Index has indicated that Calgary prices in December were up almost nine per cent and when compared to the aggregate across the country’s major markets of 4.31 per cent, Calgary’s housing market is better.
Calgary’s Mayor Worried
In January, Calgary’s Mayor Naheed Nenshi began a keynote speech to a group of area realtors by saying that Calgary is facing a housing crisis. This is in part due to the flood of 2013 and loss of homes and rental units.
Buy Now.
Calgary leads the nation with a 6.5 per cent hike in prices for repeat home sales. Why wait any longer, the best time to buy is now!
Last December, the Calgary Real Estate Association reported that MLS sales were up nine per cent from last year to 1,464 transactions. With a housing crisis and a booming market, this could explain why the average sale price rose by 4.7 per cent to $439,389.
Good News for Calgary.
As Calgary’s economy grows stronger more jobs are created.  More people are naturally drawn to the area. This is all good news.
If you are a potential buyer who has been holding off, expecting house prices to drop and you continue to wait you could be disappointed.  A bargain may be harder to find but not impossible. Don’t wait too long.
Sellers Market
Having stated the obvious it is also worth noting that it is a good time for Calgary home sellers.  Things are looking much better for you. Your job may be even more secure and you are perhaps thinking of upgrading. In this stronger economy your may find a bargain before home prices climb.
Whether you are looking to buy or sell give Chris Ashby a call for the best deal. 403-680-4479
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