Ponoka Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Red Deer Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Lacombe Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Innisfail Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Clearwater County Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Rocky Mountain House Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Blackfalds Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Sylvan Lake Market Update May 1, 2020

Covid-19 has had a dramatic impact on the central Alberta real estate market in just two short months.  Sales in April were down 48% compared to April 2019.  We started the year optimistic that the market was turning around after five difficult years in a row, but Covid conspired against us and we have a new challenge to overcome.  Covid-19 shut down the world economy and the energy industry with it.  Oil prices have hit record lows and will probably be a bigger challenge for Alberta than the Covid pandemic.

In spite of all the negatives, showing activity seems to be picking up since word came out that some of the restrictions to normal activity are being lifted.  There are many opinions on whether it is too soon, just the right time or too late.  Everyone has experienced this thing differently and only time will tell who is right.  We respect all views and are dedicated to professionally and safely solving our clients housing needs.

Alberta still owns the 4th largest oil reserves in the world and they will be needed in the future.  While things look bleak now, we continue to be confident that the future of Alberta is bright.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.

Mid-Month Market Update April 15, 2020

Sales in central Alberta in the first two weeks of April were down 33% compared to the first two weeks in March. Real estate sales always lag changes in the economy. The sales record in March were mostly the result of activity in January and February. The sales recorded in April are mostly the result of activity in February and march. It stands to reason that sales will be fewer as we move through the next few months while our economy is effectively shut down.

The number of active listings is lower than normal for this time of year and is obviously also a product of Covid-19. That does help the market stay closer to balance and will keep prices from falling too hard. The real estate market is certainly going to feel the pain of the reality we are dealing with, but it will survive. Housing will always be essential in Alberta.

The provincial government has designated our services as essential and we are still doing business. We are learning quickly how to do it in the new era of social distancing and virtual contract. We are now capable of virtual open houses, virtual client meetings and virtual signing. Those who need us can be assured that we are being careful to conduct our business, being respectful of our client’s health and well-being.