Buyer Remorse High as Real Estate Market Slows Down

Buyer-Remorse-High-as-Real-Estate-Market-Slows-DownOver the recent weeks, multiple media outlets published articles stating that many real estate buyers have remorse across Canada.

Mainstream media love to sell attention-grabbing stories. One of the most effective ways to do so is by flashing fear in the headlines.

Buyers Remorse

The headline, "Buyer's remorse high as real estate market slowdown materializes," recently appeared on The Globe and Mail, CTV and even Bloomberg. It talks about an interview with a Toronto-based real estate lawyer, Mark Morris.

Mark shared that he has seen nine cases in a week where buyers want to back out of deals. And one Monday alone, he was approached by three sellers keen to use legal channels to keep…

387 Views, 0 Comments

Read Full Post

May 2022 Market Update

may-2022-market-update.pngWith the media continuing to give out negative views on rising interest rates and a slowing real estate market, should you be concerned in Calgary?

First, the increasing interest rates are not a surprise, and if you are in or get into a variable mortgage, there are still some very affordable options for you. Over the last two years, it's incredible how easy it was to become comfortable with nearly 0﹪ and when they come back up after the past two years, we are shocked?

As for the Calgary real estate market slowing like the rest of 'Canada' (aka Toronto and Vancouver), from what the media outlets are saying, it just isn't the same.

Our market had a significant influx of out-of-province buyers who emotionally purchased homes…

150 Views, 0 Comments

Read Full Post