Heather Waddell Real Estate
Heather Waddell Real Estate

Mastering the Art of Real Estate

Calgary Luxury Home buyers

Calgarians on the hunt for opulent abodes are not rushing to snap up homes with $1 million-plus price tags, but the market for luxury dwellings appears to be stabilizing, according to a fall forecast by Sotheby’s International Realty Canada

Calgary Market Update

Housing market inventory on the rise
 
Prices remain stable compared to last year
 
City of Calgary, April 2, 2018–As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market.
First quarter sales totaled 3,423 units, nearly 18 per cent below last year’s levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above four months.

Mid Year Market Update

The first-half of 2017 marked a shift in Alberta's economy from recession to recovery, with conditions supporting stability rather than expansion.

"Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market," said CREB® chief economist Ann-Marie Lurie. 

Our Philosophy

Take a moment to see for yourself.  Take a brief tour of our exclusive listings and discover all we have to offer and what we can do for you in the real estate sector. We will always try and give the best advice.

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