Calgary Real Estate In Hyperdrive In 2014
Monday, January 6th, 2014
Image Courtesy of Land Rover MENA
Are you all set for 2014? This is my first post for this new year, but unfortunately, it’s nothing new. In the last year, I raved on and on about Altadore real estate and about Calgary real estate in general (even during the great flood when the Calgarians’ volunteer spirit shone bright), and I’ll just keep doing that now! All indicators are telling us that this year will be quite a strong one for Calgary, especially as it is projected to lead in job growth throughout Canada. So personal incomes are expected to rise, as is population growth driven by in-migration. With that, housing demand should be on an upswing and the city, in building hyperdrive.
Let me just quickly share a few exciting facts here on how the Calgary housing market is doing. Last year was a record year for the city, as home prices across the board as well as sales volume hit all-time highs! The price increased almost 7% year-over-year to $456,703, and the sales volume, by 11%, spurred by several factors such as higher-than-expected employment growth and net migration, low unemployment rates, low mortgage rates, a decrease in new listings, and the lowest vacancy rates in a decade. This year, not only Calgary but the entire province of Alberta is seen to outperform national markets, due to sustained employment, income, and population growth.
I’m ready. I’ve made my goals, and I am always very focused. Maybe I get that from competitive biking, where I have to be fast but to keep my eyes on the road even as I have to know what’s coming from all around me. That should bode well for my clients, who can expect better service and smoother transactions. I will continue to keep close to them and to reach out to all who need help with their real estate needs here in Calgary, through this blog and my overall online presence, and through the good old personal touch.
Of course, there’s again the Calgary Stampede to look forward to this year. We saw it happen come hell or high water last year just days after the record flood, so I’m excited to see what it will do now especially to get everyone fully back to our usual fun and festive spirit. Get your tickets early!
Bring it on, 2014!
Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.
About Bryon Howard
Bryon Howard and his team of Calgary real estate professionals sell an average of one home a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 8% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.
