First Time Home Buyers in Canada
Posted by Jared Chamberlain on
First Time Home Buyers in Canada
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The future of first-time buyers is in jeopardy.
If you are planning to buy your first property soon, you have to finish reading this blog post before pulling the trigger!
Home Values Increasing
The first thing you need to know as a first-time homebuyer is that real estate values in Calgary are increasing now.
While other cities have constantly been seeing upward pressure on the prices of homes, Calgary had an up and down market in the past decade. Home prices here have not gone up much within the last five years. However, recently, Calgary started to have a steady increase in real estate prices.
Climbing Interest Rates
According to a mortgage company forecast, interest rates can go up to…
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More homeowners are getting convinced that NOW is the best time to sell their homes because of the rapid growth in the Calgary real estate market. People always ask us as a realtor, “Is my home really worth that much?”
The market value of homes in Calgary has increased quickly at the beginning of this year. In fact, over the previous 12 months, a detached house was making over $10 per hour!
To say that the world is changing is an understatement. Over the last couple of months, the real estate market in Calgary has been like never before. Detached homes have changed, prices have gone up and things are on fire!