Canmore Market Update - March 2024
Posted on Apr 07, 2024
The Spring market is upon us and a shortage of inventory remains an issue.
In a year-over-year comparison, the detached benchmark price increased by 14% to reach $1,525,800, while townhouse prices experienced a more moderate increase of 9%. A notable decrease in inventory and new listings, 8% and 7% respectively, contributed to a 25% reduction in th...
Cochrane Market Update - March 2024
Posted on Apr 02, 2024
Optimistic Trends Persist in the Cochrane Real Estate Market for Spring
The outlook continues to be positive for the Cochrane real estate market as the year over year detached benchmark house price rises 12% to $654,000. The increase coincides with a significant decrease in both inventory and new listings by 22% and 25% respectively. These declines...
A note on Interest Rates - March 2024
Posted on Mar 31, 2024
Rates Holding Steady For Now
The Federal Reserve announced that it is still planning 3 rate cuts by the end of 2024 if inflation trends lower and jobless claims increase, helping lower yields. As well, Canada’s inflation rate dropped from 3.1% to 2.80% in February, which was lower than expected.
Let’s see what happens over the coming months. If infla...
Cochrane Market Update - October 2023
Posted on Nov 09, 2023
Price Gains Continue as Inventory Remains Low
In Cochrane, year-to-date sales have seen a notable downturn of 22% across all property types. This may be due to shifting buyer dynamics with economic u...
Canmore Market Update - August 2023
Posted on Aug 23, 2023
Persistently Low Supply Levels Keep Prices Elevated 📈
The August 2023 newsletter highlights the dynamic real estate landscape in Calgary and area.
Overall, sales activity has slowed compared to the previous year's record-breaking pace but remains stronger than long-term trends. Surprisingly, there is robust demand in higher-priced segments of the mar...
Cochrane Market Update - August 2023
Posted on Aug 22, 2023 in Cochrane Market Updates
Tight Supply Remains
Cochrane reported sales and new listings that trended downward from the second quarter of 2022, yet sales remain above the long-term average. This lack of listings has likely prevented more substantial sales growth, particularly in the high-density apartment and row sectors.
Although average inventory has improved slightly compa...
