Tuesday, 17 December 2013

Calgary’s Housing Market Greets 2014 with a Bang

Real estate values and rates are often considered as one of the main contributing factors that determine a community’s economy and in turn, its potential for excellent home purchases that won’t go anywhere near bleeding the prospective homeowner dry of his funds. In this case, there’s little doubt that Calgary, Alberta is definitely one of the “it” places to buy a property this year, finance-wise.

A population surge, notably the in-migration of Ontarians due to the influx of available jobs in Calgary, is driving the city's economy and animating its housing market activity. Reports on Calgary’s real estate market reflects a spike in both sales and home prices—a huge jump compared to last year. Home prices have beefed up because of tight inventory and a close-to-zero vacancy in the rental market.

However, while the prices yield a strong showing in favor of Calgary's housing market, industry trends suggest that if new listings continue to surge relative to sales activity (with demand overwhelming supply), prices will soon to level off after a time. In any case, it won't hurt to “strike while the iron is hot”, as they say. Deal your property aces by getting in the forefront of news and activities through reliable resource channels today.

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