Why It’s a Good Time to Buy Calgary Real Estate (Summer 2015)

June 29, 2015
By Cody Battershill

3 Reasons Why Now is a Good Time to Buy Real Estate in Calgary

With current economic and housing forecasts, many buyers aren’t sure whether now is a good time to make a move in Calgary’s residential real estate market.

Nonetheless, there are some definite pros as to why now (summer of 2015) would be a good time to buy. We have them listed below:

#1 - Inventory is up

Normally inventory accumulation sits at about 1.5 months. Right now, inventory levels are between 3 to 4 months of supply, giving buyers a great selection of real estate to choose from.

Increased inventory levels also promote competition amongst sellers for you as a buyer, allowing for greater latitude in negotiations. You may just get that 10k drop in price that you need!

#2 - Interest rates are at an all-time low

Many people are making a move to buy Calgary real estate as of late simply because of the incredibly low interest rates offered by lenders.

That means more money stays in your pocket over the long haul due to less interest paid – a favourable situation for any home owner with a mortgage.

#3 – Absorption is down

In a market with high absorption rates, buyers have to make snap decisions on whether they like a property or not and want to make an offer.

However, the current low absorption rates seen in Calgary’s market there is much more time to make decisions without feel rushed to put in an offer-to-purchase and hoping that someone else doesn’t take the property right out from under your nose.

See our Calgary Real Estate Market Updates today for in-depth month-to-month analysis and statistics of the residential sector.

A Closing Remark

We should all be reminded that every economy is always in flux.

Even though Calgary’s residential market is currently experiencing an economic downturn, real estate prices will recover and long-term confidence in the market should not be lost.

Questions About Calgary Real Estate?

As a top-producing Calgary real estate agent with over a decade of experience, I promise to provide you with only the best level of service and advice the industry has to offer.