Top Real Estate Lawyers In Calgary, Alberta
Our pick of top property lawyers in the city
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Learn about Calgary Real Estate Trends
In 2023, the Calgary real estate market has witnessed a significant transformation, driven by a combination of economic recovery, technological advancements, and changing buyer preferences.
Post-pandemic economic resurgence has played a pivotal role in boosting consumer confidence, leading to an uptick in both residential and commercial property transactions.
The energy sector, a cornerstone of Calgary’s economy, has seen a rebound, and with it, an influx of professionals seeking housing in the city.
This demand, coupled with historically low-interest rates, has led to a competitive market environment, with multiple offers becoming commonplace for well-priced listings.
According to Zolo, there has been a 6.6% y-o-y increase in home prices in 2023.
FAQs about Calgary Real Estate
The Calgary real estate market has shown resilience and growth over the past year, with average home prices increasing. This suggests that it's a good time for both buyers looking for long-term investment and sellers aiming for a profitable sale.
Zolo's data shows that single-family homes are the most popular property type, followed by condos and townhouses.
Single-family homes are the most sought-after property type in Calgary, making them a good investment option. Condos and townhouses also have a significant demand but are generally considered more affordable options for first-time buy
According to Zolo, the average days on market for homes in Calgary is around 40-50 days.
Properties in Calgary typically stay on the market for about 40-50 days. This is a moderate timeframe, suggesting a balanced market that neither heavily favors buyers nor sellers.
Downtown Calgary, Beltline, and Signal Hill are some of the best neighborhoods for real estate investment, based on consistent growth in property values. These areas are popular due to their proximity to amenities and strong community vibes.
The sales-to-new-listings ratio, as per Zolo, suggests a balanced market in Calgary.
The Calgary real estate market is currently balanced, meaning it's neither a buyer's nor a seller's market. This offers a fair playing field for both parties, making it a good time to either buy or sell property.
I hope this information helps! Let me know if you have any more questions.
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