It’s less than a week in, but it looks like the increased sales pace from May will continue to carry forward. How will this June look for Calgary real estate compared to previous years? You can use the weekly stats below as benchmarks and compare to them to the daily statistics if you’re interested.
Source for all statistics: Calgary Real Estate Board. All information herein deemed reliable but not guaranteed. For official statistics, please visit CREB.COM
From 2005 people income increased 100% too ?!!!! Huge overpriced in Calgary.
Surprisingly, some people’s income did increase 100% since 2005.
To Sir:
Some…. not all!!!
Differing views from those in the real estate industry:
Viewpoint #1:
Viewpoint #2:
I have to agree with Viewpoint #2, if this was the bottom of the market I would be amazed. To me viewpoint #1 fails to take into consideration the confidence of the market. I’ve seen so many thousands of people being laid off here in Calgary, when I meet people the first thing they ask “you guys busy?” or “have you laid many people off?”. The fact of the matter is that we are in the sunset of Calgary’s traditionally high sales volume months (March, April, May & June) and it is all down hill from here through the end of the year.
I would also have to agree with Viewpoint #2. When I see sales on the MLS I feel a gut wrenching feeling of people losing money on the biggest “investment” of their lives.
Interest rates are already taking off (UP) much faster than they fell and these people in 5 year AMS are going to be OK’ed.
Well, we did yell “DUCK!”
Mike