October 2022 Market Update
Not everything you see is true!
If you read through headlines about 'Canadian Real Estate,' you are sure to be afraid of what's to come and want to hide. This is also the case when we get our first snowfall!
There is no such thing as a generic 'Canadian Real Estate Market.'ï¸ Rather, you have to look at all the cities and towns individually to understand what is happening.
Calgary is seeing a strong market for condos and townhomes, more than we've seen in a long time. It's not uncommon to see multiple offers in these home styles and detached homes under the $500-$600k price range.
Detached homes in Calgary have seen a decrease in sales this month, some of that due to the lack of new inventory coming onto the market.
There is so much talk about interest rates increasing, so stay tuned to our YouTube channel, http://www.YouTube.com/c/ChamberlainGroup, as we talk more about what is happening, what you can do about it and how to position yourself for 2023!
Posted by Jared Chamberlain on