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...
Cochrane Market Update April 2023
Posted on Apr 14, 2023
Continued Low Supply of Inventory Favours a Seller’s Market
Since the winter months, there has been a noticeable improvement in sales and new listings, as is often the case with the arrival of the Spring market, with both up 58% and 87% respectively since last month. However, they have yet to reach the high levels in 2022.
Meanwhile, inventory level...
Canmore Market Update April 2023
Posted on Apr 14, 2023
Sellers vs. Buyers - Both Think They Have The Upper Hand
Sellers and buyers have conflicting perspectives on the current condition of the market and how it will unfold in the coming months.. With buyers citing the increased borrowing costs, stricter lending criteria, and reluctance to purchase should bring prices down. Meanwhile, sellers feel the im...
