"Owning a home is a keystone of wealth ... both financial affluence and emotional security"
- Suze Orman, Author/Financial Advisor and Motivational Speaker, US
Starting this month, I am going to write a quick blog about the market and include what Cliff Stevenson of the Calgary Real Estate Board (CREB) publishes in the way of a monthly video. The next one will come in early November and will feature the October housing stats. I feel that this video captures the essence of the market in a real, easy to understand way.
The message for September highlights two things: one is that detached housing sales are steady and showing quite a different market characteristic than they were a few months ago, especially when compared to other styles. Even though we can blanket the city as a 'buyer's market', however, there are pockets of seller's markets throughout the city, just really depends on the style, location and price point of what you are looking for.
Moreover, the market for most of 2016 has been unpredictable, as a result of the wonky economy that has characterized much of Alberta in 2015 and 2016, not to mention the wild fires in Fort McMurray back in May. These factors are all related, and have had an ifluence on our housing market, to be sure.
I hope everyone reading this has had a good Thanksgiving celebration with friends and family, and that we can be thankful for all that we do have in our lives. Regardless of what is going on in the financial world around you and your family, take the time to enjoy each others's company and enjoy a delicious home cooked meal together.
Please contact me directly should you require a free home evaluation - regardless of size, style or location - with absolutely no obligation.
Thank you for your time and feel free to share this message to anyone you know who might benefit.