Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Mid-Month Market Update February 15, 2020

Central Alberta sales to the middle of February improved slightly when compared to the first two weeks in January, but were slower than the same period in 2019.  It seems that events we have no control over continue to conspire to slow the market down.  In January, it was the deep freeze and this month, it’s the freeze on our roads and rail lines.  While those protests haven’t physically impacted us on a local basis yet, they have had a significant impact on consumer confidence as it seems the police and governments are unwilling or unable to deal with the protests effectively.

The good news is that this too will pass.  The federal government cannot allow the economy to be ground to a standstill by a few people.  Canadians are very tolerant people, but when critical supplies like gas and propane become short and they can’t heat their homes, the problem will get resolved and we can move on until the next protest.  We are still waiting for a decision on the Teck mine in Northern Alberta.  A decision to approve from the federal government would go a long way to bolstering that consumer confidence even if it doesn’t get built right away.

Sylvan Lake Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with. 

Red Deer Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with. 

Ponoka Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with. 

Lacombe Market Update – February 1, 2020

Sales in January 2020 were off slightly compared to December which is normal.  The cold weather in the first two weeks almost certainly put a damper on all but the most serious buyers.  While sales were off, listing inventories also were down, but not enough to move the sales to listing ratio even close to a balanced market.

A low sales to listing ratio means there are more sellers than buyers.  In that situation, prices will continue to languish and buyers will have the advantage.  Buyers will typically select a home that offers the most value for the price.  When less than one out of ten available homes are selling in most central Alberta markets, it is imperative that sellers who want to move price their homes accordingly.

Albertans have always known that if we wait awhile, the market will come back with a vengeance.  It’s been five years now and we are still waiting.  Realistically we may never see the boom times again.  We do believe the market will improve, but the improvement will be gradual and it may take another two or three years before we see a balanced market.  In the meantime, we have to deal with today’s reality and make the best of what we have to work with.