All Market Updates

Cochrane Market Update - April 2024

Posted on May 13, 2024 in Cochrane Market Updates

Tight conditions persist in the Cochrane market causing further gains in prices.

Prices rose across all property types in April, with the detached residential benchmark price reaching $663,500, one per cent higher than last month and nearly 11% higher than April 2023.

Sales are down 21% compared to last April contributing to the sense of a sluggish S...

Canmore Market Update - April 2024

Posted on May 13, 2024 in Canmore Market Updates

The Canmore market is maintaining a steady pace as we move through the beginning of the

Spring market.

We've observed a slight increase in inventory, rising from 131 properties for sale to 141, marking an 8% uptick year over year. A welcomed statistic in our relatively small market, where the usually busy Spring market has felt sluggish. However, sal...

Canmore Market Update - March 2024

Posted on Apr 07, 2024 in Canmore Market Updates

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 in Cochrane Market Updates

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

This Fall the real estate market has presented a challenging environment, requiring both buyers and sellers to adapt their strategies for making a move.

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...

View Older Posts