June Parker, Realtor
CALGARY CALGARY Calgary, AB, Canada

The tide could be turning in Calgary’s housing market. That’s one key takeaway from a recent report from Canada Mortgage and Housing Corp.

https://www.bloomberg.com//canada-regulator-opens-door-to-

To some extent, the market is still favouring people who are going out to rent apartments.

Excerpts from CREB's March 2018 reporting. (Calary Real Estate Board) "Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions," said CREB chief economist Ann-Marie Lurie. "We are entering the most active quarters in the housing market with more inventory, which could create some price fluctuations. However, the improving economy is expected to prevent overall prices from slippi...ng by significant amounts." "The market today is better than what we experienced at the peak of the recession," said CREB president Tom Westcott. "You can find good value if you're looking to buy a home, and you can also get good value if you're selling. Being well-informed, in any economic condition, is the key, because there are differences in the market depending on what type of property it is and where it is located. Spring will have more inventory than last year, slowing progress on price recovery. However, the amount of price adjustment will vary depending on competing supply by location and product type.