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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Monday, August 21, 2017

Calgary market to undergo “process of recovery” for rest of 2017

The Calgary real estate market is expected to undergo a “process of recovery” for the rest of the year as oil prices improve, according to a recent report by the Calgary Real Estate Board (CREB).

CREB expects annual sales to hit 18,491 units, a 3.3% rise from 2016. “While this is a slightly faster pace than originally anticipated, these levels are still well below long-term trends.”

“We saw many of those consumers who delayed any purchasing decisions willing to re-enter the market as concerns regarding the economy eased,” said CREB president David Brown. “More potential buyers on the market helped move some of the product in inventory and started to create some price stability.”

An early boost in demand this year helped ease pressure on supply levels. The report said inventories will remain “slightly elevated” for the rest of the year, but this is not expected to significantly bring down prices.

CREB warned that difficulties continue to exist in the condo-apartment ownership market as rising sales cannot keep pace with the growth in new listings. It said this specific area of the market will likely continue to face challenges well into next year, as it will take time to absorb additional inventory in the resale, new and rental markets.

“Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” said CREB chief economist Ann-Marie Lurie. “This will continue to cause some adjustments in the housing market for the remainder of this year. However, this is not expected to offset earlier gains supporting general stability in 2017.”

“While the shift is welcome news for many, we continue to expect that process of recovery will be slow and dependent on the property type and location within the market,” she added.

CREW

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