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October 2015 was the most active October real estate market for several years led by Vancouver & Toronto.  The exception to the rule was oil based municipities, including Calgary.  Are you prepared for the bounce back in these municipalities?  This is a similar situation that led to the huge price increases and highly active market in Alberta during 2007/2008.  At that time Vancouver & Toronto's prices were highly inflated and Alberta's were relatively low by comparison. There was a huge influx of people moving to Alberta for the job opportunities.  When the oil prices come back companies will be on a recruitment drive, bringing new people to the area. These people will need somewhere to live.  There are lots of people going into rented at the moment, rather than buying, and when the market comes back there will be a huge number of them wanting to get on the housing ladder. It will come back, and it will come back quickly.  It probably won't be this year and it may not be next year, but when it does it will be with a bang! Get ahead of the game now by investing in the Calgary Regional real estate market, you won't be sorry in a couple of years time!

 

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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