*May* Real Estate Review for Central Alberta
While economic indicators continue to show improvement, and Alberta's GDP out paces the rest of the country by over 30%, our real estate market continues to have it's challenges. The impact of the tightening of mortgage rules and higher interest rates has had an impact on slower residential resale markets nation wide. It seems to have compounded in the Alberta markets, as we continue to see lower than normal sales volume, which in turn is allowing the listing inventory to grow. The sales in May 2018 were 19% below last year's numbers, and 24% below longer term averages.
Becoming a Realtor was the best decision I have ever made, because "going to work" doesn't feel like going to work. My passion is to help you turn your Real Estate dreams into a reality. Whether you a....