Sylvan Lake Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.

Rocky Mountain House Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.

Red Deer Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.

Ponoka Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.

Blackfalds Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.

Lacombe Market Update April 1, 2019

March sales improved compared to February’s in most central Alberta markets while year to date sales are up in some markets and down in others.  The majority of sales in March were at the lower end of the price spectrum.  On the supply side, active listing counts are below last year’s levels in most markets.  Activity in the past few weeks has been encouraging and it feels like the market could finally be within sight of turning the corner.

In order to see real improvement, we need a couple of things to happen.  First, the provincial government needs to instruct the Alberta Treasury Branch to remove the stress test from their mortgage lending criteria.  It’s critical that we have an Alberta solution since the federal government refuses to fix their mistake.  Second, we need an announcement that construction will finally begin on at least one, but hopefully all three pipelines – Line 3, Keystone and Trans Mountain.

These two measures would transform the Alberta economy and housing market in very short order.  The winner of the April 16th election must immediately change mortgage rules for Albertans.  Obviously getting pipelines constructed is more difficult and requires cooperation from other governments but we believe it will happen in the next year.