February 2022 Market Update

Wow, what a historically hectic start to the year! Our team is excited to share our market update for Calgary real estate in February 2022.

Transactions were around +/- 1000 per week — to put that in some context, we typically use 500-700 as a threshold for a very strong, active market. New capital has also been coming to Canada, and a lot of that has been coming to Calgary, which has been a big factor driving up our prices. A resurgence into oil and gas market, as well as global supply, has also helped. 

From a pricing increase standpoint, over the entirety of 2021, there was about a 10% gain in value, and we’ve seen an additional 10% gain in value in the first 8 weeks of 2022 alone. However, we don’t see this trend continuing, and estimate that it will eventually level off — especially because interest rates are starting to rise a little bit, and more supply is coming on the market.

Our team would love to talk to you about anything covered in these market updates, or answer any questions you might have! 

This market update was brought to you by Jeff, Rod, Ray, Zoe, and Emma. From our team to yours, we’d like to thank you for your continued support.

Click the video above to view the full update for February 2022, and don’t forget to follow us on social media for real-time stats, tips, and new listings. If one of our listings catches your eye or you’re looking for more information on this month’s market, please don’t hesitate to connect with us directly at info@neustaedterteam.com or 403.208.0555.

—————————————

DISCLAIMER: The suggestions, advice, and/or opinions expressed in this video are simply perspectives based upon experience, and are not guarantees of set outcomes. Always consult with licensed professionals directly when doing a real estate investment transaction.