Lacombe Market Update March 1, 2019

The residential real estate market in central Alberta continue to languish with the number of sales in the first two months of 2019 down 15% compared to the same period in 2018.  In fairness, 2018 started out with optimism for a pipeline approval that didn’t happen.  Lacombe is the exception with sale well up compared to last year. Its difficult to say why Lacombe is busy and the rest of central Alberta isn’t, but we won’t argue with success.

We are always looking for reasons to be optimistic our hopes for 2019 are based on potential outcomes for two, very important elections.  With the right outcomes, consumer confidence in Alberta could take a big jump which would have immediate, short term benefit. A strong and growing economy is necessary for long term recovery.

Another potential positive outcome of both the provincial and federal elections might be the easing of crippling mortgage rules that have removed first time buyers from the market and hampered owners wanting to move up.  Those measures had the desired effect in Toronto and Vancouver and unintended consequences in the rest of the country.  Opposition parties have promised to provide relief if elected which would provide an immediate and substantial boost to our local market.

Blackfalds Market Update March 1, 2019

The residential real estate market in central Alberta continue to languish with the number of sales in the first two months of 2019 down 15% compared to the same period in 2018.  In fairness, 2018 started out with optimism for a pipeline approval that didn’t happen.

We are always looking for reasons to be optimistic our hopes for 2019 are based on potential outcomes for two, very important elections.  With the right outcomes, consumer confidence in Alberta could take a big jump which would have immediate, short term benefit. A strong and growing economy is necessary for long term recovery.

Another potential positive outcome of both the provincial and federal elections might be the easing of crippling mortgage rules that have removed first time buyers from the market and hampered owners wanting to move up.  Those measures had the desired effect in Toronto and Vancouver and unintended consequences in the rest of the country.  Opposition parties have promised to provide relief if elected which would provide an immediate and substantial boost to our local market.

Sylvan Lake Market Report March 1, 2019

The residential real estate market in central Alberta continue to languish with the number of sales in the first two months of 2019 down 15% compared to the same period in 2018.  In fairness, 2018 started out with optimism for a pipeline approval that didn’t happen.

We are always looking for reasons to be optimistic our hopes for 2019 are based on potential outcomes for two, very important elections.  With the right outcomes, consumer confidence in Alberta could take a big jump which would have immediate, short term benefit. A strong and growing economy is necessary for long term recovery.

Another potential positive outcome of both the provincial and federal elections might be the easing of crippling mortgage rules that have removed first time buyers from the market and hampered owners wanting to move up.  Those measures had the desired effect in Toronto and Vancouver and unintended consequences in the rest of the country.  Opposition parties have promised to provide relief if elected which would provide an immediate and substantial boost to our local market.