Blog Entries Tagged: Buyers Market
Found 2 blog entries tagged as Buyers Market.

 

 

 

I feel incredibly honoured to receive the news that I ranked #24 in all of RE/MAX Western Canada and #2 at the #1 RE/MAX Office Worldwide, RE/MAX Real Estate (Central) for sales volume in the month of March 2019. I couldn’t have done it without my amazing team, loyal clients, and my wonderful family and friends. Thank you from the bottom of my heart for your continued support!

Sincerely,

Ken Richter
RE/MAX Real Estate (Central)

It is starting to feel like spring in Calgary, Alberta; and not just because the snow is melting and the grass is turning green. It feels like spring because the real estate market is starting to see movement again, a sign that brighter days are on the horizon. Given the circumstances one thing is becoming…

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There is no doubt about it: Calgary is currently in a buyer's market.

What is a buyer's market? A Buyer's Market is when there are more units on the market than what are being sold; inventory is high, sales are low. This drives down prices on homes as seller's scramble to do whatever it takes for their home to stand out and sell, since during buyers markets homes end up sitting on the market for much longer than usual. Buyers simply have more options, which is great if you are planning to buy.

It may seem obvious, then, that as a buyer this is a fantastic time to enter the market. The reason why this has not been as simple as it seems is because of the new stress test put in place by the Bank of Canada to ensure all prospective buyers desiring a…

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