How To Get The Best Deal in A Competitive Market
Posted by Ken Richter on
Finding a good deal in today’s competitive real estate market in Calgary, AB sounds like an oxymoron, doesn’t it? The Calgary market is booming, and it’s not predicted to slow down anytime soon.
In the Calgary Real Estate Board’s latest report, they note, “With a sales-to-new-listings ratio of 83 per cent and a months of supply of less than one month, conditions continue to favour the seller, driving further price gains in the market. In April, the unadjusted total residential benchmark price reached $603,700, a one per cent gain over last month and nearly 10 per cent higher than last year's levels. Price gains occurred across all property types and districts of the city. The strongest price growth occurred in the more affordable districts of the…
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