"Don't wait to buy real estate. Buy real estate and wait" - Anonymous
I hope this finds you and your family well, enjoying the sunny warm skies in early November for Calgary and surrounding areas. What happened to the snow? Well, I am sure it will be back before too long.
Good news in housing sales this past month of October, as per the video published by the Calgary Real Estate Board below. Sales are not only up 16% since October 2015, but the detached home market performed very well and in some pockets of the city, was really more of a seller's market than a buyer's market.
How so? Many factors can come into play here, however, the change to the mortgage qualification process on October 17th, 2016 stimulated a lot of purchasing, as some folks wanted to get in before the changes came about mid month. It will be very interesting to see how November 2016 compares to November 2015. Are we stepping out of the slump or was October just a one off? The market will show us next month after the sales stats are in. Stay tuned!
Enjoy your month of November, what ever that means for you - your work, your friends and family, your health and how you characterize your lifestyle.
If you or someone you know requires real estate services, such as a free home evaluation (no obligation!), then please feel free to pass along this post and to contact me directly. Thank you for reading!
'moving you forward every step of the way'