Mid-month Market Update July 15, 2019

Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner.  That optimism may also be reflected in the increase in the active listing count after several months of decline.

Sellers entering the market thinking that prices have recovered will be disappointed.  Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers.  Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.

Sylvan Lake Market Update July 1, 2019

June was a month that saw significant news events that will impact the Alberta economy, which will in turn have a positive impact on the central Alberta housing market.  First, approval of the Trans Mountain pipeline.  Albertans will be excused for being cynical about whether that approval will result in pipe in the ground, but we believe there is a good chance construction will start this year, creating thousands of well-paying jobs.

Second, the UCP Government reduced corporate tax rates by 1% effective July 1 with another 1% reduction scheduled for Jan 2020.  Those reductions are a signal to the world that Alberta is open for business.  It is also an opportunity for Alberta businesses to expand and invest that money that would have gone to government revenue.  The elimination of the carbon tax also put more money back in consumer’s pockets and into the cash flows of businesses that really needed it.

Third, the City of Red Deer just released the results of the 2019 census and the population has recovered the losses we experienced in 2015 and 2016.  While the gain isn’t huge, it is enough to lower our vacancy rate and fill some of the houses that have been sitting empty.  Steady population growth creates the need for new construction and jobs are the result.

Clearwater County Market Update July 1, 2019

June was a month that saw significant news events that will impact the Alberta economy, which will in turn have a positive impact on the central Alberta housing market.  First, approval of the Trans Mountain pipeline.  Albertans will be excused for being cynical about whether that approval will result in pipe in the ground, but we believe there is a good chance construction will start this year, creating thousands of well-paying jobs.

Second, the UCP Government reduced corporate tax rates by 1% effective July 1 with another 1% reduction scheduled for Jan 2020.  Those reductions are a signal to the world that Alberta is open for business.  It is also an opportunity for Alberta businesses to expand and invest that money that would have gone to government revenue.  The elimination of the carbon tax also put more money back in consumer’s pockets and into the cash flows of businesses that really needed it.

Third, the City of Red Deer just released the results of the 2019 census and the population has recovered the losses we experienced in 2015 and 2016.  While the gain isn’t huge, it is enough to lower our vacancy rate and fill some of the houses that have been sitting empty.  Steady population growth creates the need for new construction and jobs are the result.

Mid-month Market Update July 15, 2019

Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner.  That optimism may also be reflected in the increase in the active listing count after several months of decline.

Sellers entering the market thinking that prices have recovered will be disappointed.  Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers.  Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.

Rocky Mountain House Market Update July 1, 2019

June was a month that saw significant news events that will impact the Alberta economy, which will in turn have a positive impact on the central Alberta housing market. First, approval of the Trans Mountain pipeline. Albertans will be excused for being cynical about whether that approval will result in pipe in the ground, but we believe there is a good chance construction will start this year, creating thousands of well-paying jobs.

Second, the UCP Government reduced corporate tax rates by 1% effective July 1 with another 1% reduction scheduled for Jan 2020. Those reductions are a signal to the world that Alberta is open for business. It is also an opportunity for Alberta businesses to expand and invest that money that would have gone to government revenue. The elimination of the carbon tax also put more money back in consumer’s pockets and into the cash flows of businesses that really needed it.

Third, the City of Red Deer just released the results of the 2019 census and the population has recovered the losses we experienced in 2015 and 2016. While the gain isn’t huge, it is enough to lower our vacancy rate and fill some of the houses that have been sitting empty. Steady population growth creates the need for new construction and jobs are the result.

Mid-month Market Update July 15, 2019

Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner.  That optimism may also be reflected in the increase in the active listing count after several months of decline.

Sellers entering the market thinking that prices have recovered will be disappointed.  Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers.  Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.

Red Deer Market Update July 1, 2019

June was a month that saw significant news events that will impact the Alberta economy, which will in turn have a positive impact on the central Alberta housing market.  First, approval of the Trans Mountain pipeline.  Albertans will be excused for being cynical about whether that approval will result in pipe in the ground, but we believe there is a good chance construction will start this year, creating thousands of well-paying jobs.

Second, the UCP Government reduced corporate tax rates by 1% effective July 1 with another 1% reduction scheduled for Jan 2020.  Those reductions are a signal to the world that Alberta is open for business.  It is also an opportunity for Alberta businesses to expand and invest that money that would have gone to government revenue.  The elimination of the carbon tax also put more money back in consumer’s pockets and into the cash flows of businesses that really needed it.

Third, the City of Red Deer just released the results of the 2019 census and the population has recovered the losses we experienced in 2015 and 2016.  While the gain isn’t huge, it is enough to lower our vacancy rate and fill some of the houses that have been sitting empty.  Steady population growth creates the need for new construction and jobs are the result.

Mid-month Market Update July 15, 2019

Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner.  That optimism may also be reflected in the increase in the active listing count after several months of decline.

Sellers entering the market thinking that prices have recovered will be disappointed.  Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers.  Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.

Ponoka Market Update July 1, 2019

June was a month that saw significant news events that will impact the Alberta economy, which will in turn have a positive impact on the central Alberta housing market.  First, approval of the Trans Mountain pipeline.  Albertans will be excused for being cynical about whether that approval will result in pipe in the ground, but we believe there is a good chance construction will start this year, creating thousands of well-paying jobs.

Second, the UCP Government reduced corporate tax rates by 1% effective July 1 with another 1% reduction scheduled for Jan 2020.  Those reductions are a signal to the world that Alberta is open for business.  It is also an opportunity for Alberta businesses to expand and invest that money that would have gone to government revenue.  The elimination of the carbon tax also put more money back in consumer’s pockets and into the cash flows of businesses that really needed it.

Third, the City of Red Deer just released the results of the 2019 census and the population has recovered the losses we experienced in 2015 and 2016.  While the gain isn’t huge, it is enough to lower our vacancy rate and fill some of the houses that have been sitting empty.  Steady population growth creates the need for new construction and jobs are the result.

Mid-month Market Update July 15, 2019

Sales in the first half of July in central Alberta were up slightly over June, and might be a sign of growing optimism that the economy is slowly turning the corner.  That optimism may also be reflected in the increase in the active listing count after several months of decline.

Sellers entering the market thinking that prices have recovered will be disappointed.  Price is determined by the relationship between supply and demand and there are still far more sellers in the central Alberta market than buyers.  Yes, there is room for optimism, but at the current pace of the real estate market we are still many months away from prices going up.