January 2025 inventory increases across the board for Calgary and area. Prices holding steady.

2025 has started out with a lot of uncertainty. Mostly due to tariff threats and the resulting uncertainty of our economic outlook. Unfortunately, I think this may be our new “normal” for the next few years. As I have always said, if you are buying and selling in the same market, it is all relative. First time home buyers need to think longer term when considering buying today to even out market swings. Inventory levels of homes for sale have risen across the board from last year at this time. Prices are holding steady which would make sense as we have entered into what would be typically called a balanced market. Okotoks, High River, Diamond Valley still have very few homes available for sale which makes these areas more of a sellers market.

I am always happy to discuss real estate, be it renovation advice, when to consider selling or buying, and even estate planning for your real estate holdings.

Market conditions typical for this time of year - 2025 could be a rollercoaster

2024 ended with typical quieter sales volumes and drop in inventory levels across all product classes of real estate (although current levels are considerably higher than at this time last year) . 2025 is going to be an interesting year. We are starting 2025 with lower interest rates which is good, Also, there are incentives and new CMHC rules which will help many buyers move forward. We will have to keep a close watch to see if inventory levels rise in the spring to keep up with the typical spring demand and sales volumes or we might just see a hot sellers market again. Lots of volatility in so many sectors coming in 2025. We will have a national election coming and internationally, there are a ton of geopolitical pressures mounting. It is very hard to offer any predictions right now. When buying real estate in 2025, think medium to longer term.

I was asked to quote for the following article posted in the Calgary Herald.

A short article in which I was quoted (click on the image to open). For more information or a more in depth discussion please feel free to reach out. I would disagree with EXP’s agent that wealth transfer will cause a buying frenzy spring 2025. The average national family $$$ gift to first time home buyers is just over $115,000. In BC, it is an average of $204,000. The gap between the have and have not’s continues to grow.

Nov 2024 Calgary and Region Real Estate cools as winter approaches

We are seeing a normal cooling off of sales and inventory as winter approaches. Slight decline in property values. The exception is detached homes under $600,000, which remains a very hot market segment. Lots of new construction rental properties coming on stream this winter. It will be interesting to see how this effects the investor market for one off sales. Time will tell. We are still having strong net migration to the area which is pushing up the unemployment figures. Without jobs, I would anticipate that we may become less a desirable place to live for many thinking of moving here. The first 6 months of 2025 will be interesting as Alberta absorbs the impacts of Trumps trade wars and protectionism policy’s. My crystal ball is covered over right now as there too many wild card external factors at play. All I can say is buying and selling in the same market is all relative and real estate is generally a long game.