Mid-Month Market Update April 15, 2021

Central Alberta sales in the first half of April continue to break records and our year to date numbers have reached an all time high, surpassing the heady markets way back in 2007.  A year ago, the market stumbled badly as we were in full pandemic lockdown, so comparing last April with this April is not relevant.  And, comparing the first 3½ months of this year to the same period last year really isn’t relevant either, except that we are still in full lock down very similar to where we were a year.  What’s the difference?  A year ago we didn’t know anything about Covid and there were concerns it could wipe out large portions of our population.  Today, we are far more aware and probably less concerned especially with vaccines reaching our most vulnerable.

The federal budget promised another $100 billion in spending which would be a pretty good indication the market will stay strong.  Apparently most people are better off now than they were a year ago with still nowhere to spend all that extra cash except on housing.  We expect more inventory to come on as we move into our spring market which will provide the product that hungry home buyers are looking for. The only potential challenge to this good market is higher interest rates which are undoubtedly somewhere in our future as a consequence of all that government borrowing.

Innisfail Market Update April 1, 2021

The spring real estate market is here, with a vengeance!  Residential MLS sales in central Alberta were up a staggering 127% in March of this year compared to March 2020 and in the first quarter of 2021 were up 93% compared to the first quarter of 2020.  Larger central Alberta centres are now well into market balance while Blackfalds experienced a seller’s market in March for the first time in many years.

The question that keeps coming up is, what is driving all the activity and the answer is just as elusive as it was in January and February.  We believe that Covid exhaustion is motivating people to move to the country, or smaller centres, or bigger homes that can accommodate working from home, or just for a change.  Too much time in the old place can make us yearn for something new.

And, of course, the lowest interest rates in memory are a significant factor as well as the multi-billions of dollars being pumped into the economy by federal and provincial governments.  Some of that money is for Covid relief, some of it for extra wages to health care and front line workers, and some for incentives and wage relief to business.  The fact is there is about $360 billion more floating around the Canadian economy than there was a year ago and most people have no place to spend it, so moving to a new home gets the nod.

Mid-Month Market Update March 15, 2021

The upward trend continues for both listings and sales in central Alberta, although it’s not a perfect balance with sales going up faster than listings.  Some of our markets are well into balanced territory with others moving quickly in that direction.  A balanced market is one where neither buyer or seller has the advantage.  In every market there are certain price ranges where we have tipped into supply and demand imbalances that give the seller the advantage for the first since 2014.  Contact your local RE/MAX Associate to for detailed information on your market and where your home sits.

Mid-Month Market Update April 15, 2021

Central Alberta sales in the first half of April continue to break records and our year to date numbers have reached an all time high, surpassing the heady markets way back in 2007.  A year ago, the market stumbled badly as we were in full pandemic lockdown, so comparing last April with this April is not relevant.  And, comparing the first 3½ months of this year to the same period last year really isn’t relevant either, except that we are still in full lock down very similar to where we were a year.  What’s the difference?  A year ago we didn’t know anything about Covid and there were concerns it could wipe out large portions of our population.  Today, we are far more aware and probably less concerned especially with vaccines reaching our most vulnerable.

The federal budget promised another $100 billion in spending which would be a pretty good indication the market will stay strong.  Apparently most people are better off now than they were a year ago with still nowhere to spend all that extra cash except on housing.  We expect more inventory to come on as we move into our spring market which will provide the product that hungry home buyers are looking for. The only potential challenge to this good market is higher interest rates which are undoubtedly somewhere in our future as a consequence of all that government borrowing.

Clearwater County Market Update April 1, 2021

The spring real estate market is here, with a vengeance!  Residential MLS sales in central Alberta were up a staggering 127% in March of this year compared to March 2020 and in the first quarter of 2021 were up 93% compared to the first quarter of 2020.  Larger central Alberta centres are now well into market balance while Blackfalds experienced a seller’s market in March for the first time in many years.

The question that keeps coming up is, what is driving all the activity and the answer is just as elusive as it was in January and February.  We believe that Covid exhaustion is motivating people to move to the country, or smaller centres, or bigger homes that can accommodate working from home, or just for a change.  Too much time in the old place can make us yearn for something new.

And, of course, the lowest interest rates in memory are a significant factor as well as the multi-billions of dollars being pumped into the economy by federal and provincial governments.  Some of that money is for Covid relief, some of it for extra wages to health care and front line workers, and some for incentives and wage relief to business.  The fact is there is about $360 billion more floating around the Canadian economy than there was a year ago and most people have no place to spend it, so moving to a new home gets the nod.

Rocky Mountain House Market Update April 1, 2021

The spring real estate market is here, with a vengeance!  Residential MLS sales in central Alberta were up a staggering 127% in March of this year compared to March 2020 and in the first quarter of 2021 were up 93% compared to the first quarter of 2020.  Larger central Alberta centres are now well into market balance while Blackfalds experienced a seller’s market in March for the first time in many years.

The question that keeps coming up is, what is driving all the activity and the answer is just as elusive as it was in January and February.  We believe that Covid exhaustion is motivating people to move to the country, or smaller centres, or bigger homes that can accommodate working from home, or just for a change.  Too much time in the old place can make us yearn for something new.

And, of course, the lowest interest rates in memory are a significant factor as well as the multi-billions of dollars being pumped into the economy by federal and provincial governments.  Some of that money is for Covid relief, some of it for extra wages to health care and front line workers, and some for incentives and wage relief to business.  The fact is there is about $360 billion more floating around the Canadian economy than there was a year ago and most people have no place to spend it, so moving to a new home gets the nod.

Mid-Month Market Update March 15, 2021

The upward trend continues for both listings and sales in central Alberta, although it’s not a perfect balance with sales going up faster than listings.  Some of our markets are well into balanced territory with others moving quickly in that direction.  A balanced market is one where neither buyer or seller has the advantage.  In every market there are certain price ranges where we have tipped into supply and demand imbalances that give the seller the advantage for the first since 2014.  Contact your local RE/MAX Associate to for detailed information on your market and where your home sits.

Mid-Month Market Update April 15, 2021

Central Alberta sales in the first half of April continue to break records and our year to date numbers have reached an all time high, surpassing the heady markets way back in 2007.  A year ago, the market stumbled badly as we were in full pandemic lockdown, so comparing last April with this April is not relevant.  And, comparing the first 3½ months of this year to the same period last year really isn’t relevant either, except that we are still in full lock down very similar to where we were a year.  What’s the difference?  A year ago we didn’t know anything about Covid and there were concerns it could wipe out large portions of our population.  Today, we are far more aware and probably less concerned especially with vaccines reaching our most vulnerable.

The federal budget promised another $100 billion in spending which would be a pretty good indication the market will stay strong.  Apparently most people are better off now than they were a year ago with still nowhere to spend all that extra cash except on housing.  We expect more inventory to come on as we move into our spring market which will provide the product that hungry home buyers are looking for. The only potential challenge to this good market is higher interest rates which are undoubtedly somewhere in our future as a consequence of all that government borrowing.

Sylvan Lake Market Update April 1, 2021

The spring real estate market is here, with a vengeance!  Residential MLS sales in central Alberta were up a staggering 127% in March of this year compared to March 2020 and in the first quarter of 2021 were up 93% compared to the first quarter of 2020.  Larger central Alberta centres are now well into market balance while Blackfalds experienced a seller’s market in March for the first time in many years.

The question that keeps coming up is, what is driving all the activity and the answer is just as elusive as it was in January and February.  We believe that Covid exhaustion is motivating people to move to the country, or smaller centres, or bigger homes that can accommodate working from home, or just for a change.  Too much time in the old place can make us yearn for something new.

And, of course, the lowest interest rates in memory are a significant factor as well as the multi-billions of dollars being pumped into the economy by federal and provincial governments.  Some of that money is for Covid relief, some of it for extra wages to health care and front line workers, and some for incentives and wage relief to business.  The fact is there is about $360 billion more floating around the Canadian economy than there was a year ago and most people have no place to spend it, so moving to a new home gets the nod.

Mid-Month Market Update March 15, 2021

The upward trend continues for both listings and sales in central Alberta, although it’s not a perfect balance with sales going up faster than listings.  Some of our markets are well into balanced territory with others moving quickly in that direction.  A balanced market is one where neither buyer or seller has the advantage.  In every market there are certain price ranges where we have tipped into supply and demand imbalances that give the seller the advantage for the first since 2014.  Contact your local RE/MAX Associate to for detailed information on your market and where your home sits.