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Calgary Real Estate Outlook February 1, 2019

Blog by Paul Thomas, REALTOR | February 4th, 2019

Calgary Real Estate – February 1, 2019

Our Real Estate market continues to struggle with low sales numbers and too many properties on the market relative to sales as can be seen by the attached graph. This graph shows inventory/sales (green line) trending upwards and bench mark prices trending downwards.  Overall sales are down by 16% y/y and benchmark prices are down by 4%

If you believe that the proposed pipelines (there are several at various stages) will get built, then now would be the time to buy! It is critical to do this the right way around if you are considering a sale and a purchase.  This must be done with care!