June 2022 Market Update: 6 Reasons Why The Calgary Real Estate Market Isn't Heading For A Crash
Hey everyone! This is Jeff and Zoe from the Neustaedter Team, and today we’re excited to share six reasons why we do not think the Calgary real estate market is headed for a crash.
Inventory is still incredibly low for a city of our size.
Sales activity has been very strong — even this past week there were 661 sales, which is awesome! We still have a ton of people moving to Calgary from BC, Ontario, and all across Canada and the world. We’re a very affordable worldclass city.
Our economy is still thriving. We’re well diversified, and we’re looking forward to Calgary’s future. We’re optimistic!
Despite the increases, interest rates are still very good — between 5 to 5.5% for a 5-year fixed mortgage — which isn’t too bad at all.
Because Calgary’s properties didn’t rise in value quite as much as in other areas, we have a better chance of it not coming down as much.
Building costs and replacement costs.
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 May 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.
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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.