If you are buying only, lucky you, it's a buyers market.
If your buying and selling, it's relative, what you lose selling you should make buying.
If you are selling only, beware of lots of other sellers, fewer buyers and lower prices.
If you are looking for fix and flip opportunities, you have lots of competition, so you better be ready to write offers quickly with few conditions.
If you are looking for rental properties, check out Rentfaster.ca to study the home rental market. Find the obvious property types and the income they generate. Then look at properties to buy that can at least break even after paying the mortgage, taxes and insurance.
But only if that's what works for you. Everybody is different. Home ownership isn't for everyone. It costs more than renting but allows freedom and has restrictions not found as a homeowner. And you could do both. I know many landlords that are also tenants because they found properties that are really nice and really cheap.
Helping people sort through all the different options to find what best suits them is our specialty. We don't know your situation yet, but when we do, we can help you fill in the blanks that allows you to make the best real estate decision for you!
Detached Single Family Houses
|3,005 Active Listings|
|646 Sold in the Past 30 Days|
|$329 Per Square Foot Average Sold Price|
Townhouse and Row Houses
|1,648 Active Listings|
|260 Sold in the Past 30 Days|
|$288 Per Square Foot Average Sold Price|
Apartments and Condos
|1,303 Active Listings|
|159 Sold in the Past 30 Days|
|$306 Per Square Foot Average Sold Price|
Buyers Market Conditions persist across all property types and communities in the City of Calgary. As an oil price dependent local economy who's number 1 customer has just become the largest oil producer in the world, expect prices and supply to favor home buyers for the foreseeable future.