No where close to a slow down
Posted on Jul 31, 2024
Hello Team RED,
What's Happening in the Market?
We have experienced the third highest number of sales in July in Calgary's history! The sales in July were 14% higher than what we normally experience in the month, with record sales over $600,000. Regardless of the increased sales activity, we are still seeing the listing inventory climb. We are curren...
Lower inflation opens door for possible rate cut next week
Posted on Jul 17, 2024
Hello Team RED,
What's Happening in the Market?
Following suit to the past few years, the showing activity is climbing and should continue to do so through to the end of July. Sellers should expect a drop in showings through August, however, given that we did not experience as large of a decline in July as we have in past years, the current demand in...
No signs of slowing down
Posted on Jul 11, 2024
Hello Team RED,
What's Happening in Alberta?
The first quarter report for mortgages in arrears is out and .....the percentage of mortgages that are in arrears 90 days and over, has dropped to 0.31% in Alberta! That is the lowest it has been since August of 2008. Here are some key factors that are supporting Alberta's strengthening economy:
- The bankrup...