Similar to most Canadian cities, the Calgary real estate market has been truly dynamic over recent years. From it's fierce pace in 2006/2007 to the calmer waters of present, our local market can and has changed quite quickly. Like the majority of consumer goods, the housing market is a function of supply and demand; when demand is greater than supply there is upward pressure on pricing. As seen in our present environment, the opposite is exhibited when supply exceeds demand. A positive market indicator as of late is that the level of inventory coming to market has slowed; should this continue, we will begin to experience greater equality between supply and demand throughout Calgary and area. As a result, the housing market should begin to slowly stabilize in 2009.

For the time being the market remains in the Buyer's favour; aggressive pricing remains critical to differentiating one's home from the 6,000 currently available for sale within the city limits. That noted, rapid average price growth over the past 2 to 3 years has continued to provide Sellers with healthy returns on their investments. While the world's financial markets stabilize, mortgage interest rates remain extremely appealing; now is a good time to consider both selling and/or buying your next dream home. Acquire the inside edge today by taking advantage of our complimentary Automated Home Search  and  Market Evaluation.