Blackfalds Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Lacombe Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Red Deer Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Ponoka Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Sylvan Lake Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Clearwater County Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Rocky Mountain House Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Innisfail Market Update December 1, 2020

Alberta and Canada are back into a state of semi lockdown as the Covid virus comes roaring back to life.  After an “almost” normal summer and fall and a nicely recovering real estate market, we are now faced with another potential economic slow down.  The real estate market normally slows down over the winter months and it will almost certainly follow that trend again this year with some help from Covid.

We are impressed by the resilience and determination of Albertans to continue living and working normally as much as possible, which is reflected in our numbers.  Year to date sales in central Alberta have surpassed the same time in 2019 by 3.16%.  While that doesn’t seem like a large number, we would never have predicted this outcome in April or May.  We have every confidence that we will get through this latest situation as well.

There are a lot of very positive economic events happening in Alberta and western Canada with three pipelines close to crossing the finish line, a massive natural gas pipeline under construction, recovering oil prices and more drilling forecasted for this winter, and one of the best years ever for agriculture and crop production.  Alberta may be down at the moment, but we are far from out.

Mid-Month Market Update November 15, 2020

There are two very important things to note when it comes to the current state of the real estate market in central Alberta.  First, the number of active listings continues to shrink, down almost 25% compared to Nov. 15, 2019.  Second, month to date sales this November are up 56% compared to the same time last year.

So what does that all mean to the average homeowner?  The relationship between supply and demand determines price.  While CMHC predicted that prices in Alberta could come down as much as 18%, the reality is that prices could be poised for an increase if the current trend continues.  The current numbers don’t put our market in balance yet, but we are much closer than we were a year ago and a balanced market creates price stability, if not increases.

While the media is focused on the negative – Covid, job losses, etc., we believe Albertans are more than ever focused on the positives – Alberta’s population increased by 60,182 between July 2019 and July 2020, $2.3 billion natural gas pipeline expansion announced in October, no matter the result of the US election, Alberta is likely to benefit by increased energy exports, and ATB Economics is predicting Alberta’s economy will grow by 3.3% in 2021.

Mid-Month Market Update November 15, 2020

There are two very important things to note when it comes to the current state of the real estate market in central Alberta.  First, the number of active listings continues to shrink, down almost 25% compared to Nov. 15, 2019.  Second, month to date sales this November are up 56% compared to the same time last year.

So what does that all mean to the average homeowner?  The relationship between supply and demand determines price.  While CMHC predicted that prices in Alberta could come down as much as 18%, the reality is that prices could be poised for an increase if the current trend continues.  The current numbers don’t put our market in balance yet, but we are much closer than we were a year ago and a balanced market creates price stability, if not increases.

While the media is focused on the negative – Covid, job losses, etc., we believe Albertans are more than ever focused on the positives – Alberta’s population increased by 60,182 between July 2019 and July 2020, $2.3 billion natural gas pipeline expansion announced in October, no matter the result of the US election, Alberta is likely to benefit by increased energy exports, and ATB Economics is predicting Alberta’s economy will grow by 3.3% in 2021.