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MARKET UPDATE – November 1, 2018

There are a number of economic indicators that suggest the Alberta economy is gradually recovering from the downturn that started in January 2015 when oil prices began to free fall.  Alberta Treasury Branch economic updates over past weeks have highlighted a return to population growth, increased employment, strong vehicle sales, growing restaurant receipts and higher […]

MARKET UPDATE – October 1, 2018

Consumer confidence is one of the most important ingredients in a healthy real estate market and it’s been mostly missing since oil prices collapsed in January 2015.  There has been some good news in the last year… oil prices back up to +$70US along with government assurances that the economy is on the mend, but […]

MARKET UPDATE – September 1, 2018

In spite of the heat and smoke, August turned out quite nicely in Red Deer, Lacombe, Sylvan Lake and Blackfalds with stronger than expected sales.  At the same time the number of active listings continued their downward trend, pushing supply and demand slightly closer to balance.  Ponoka, Rocky Mountain House and Penhold didn’t experience the […]

MARKET UPDATE – July 1, 2018

June sales in central Alberta were down compared to May in most central Alberta markets except Red Deer, which managed a slight increase.  In that time the number of active listings has experienced slight increases in some markets and slight decreases in others. There are several big picture issues that are influencing the real estate […]

MARKET UPDATE – June 15, 2018

May was a funny month and we are sure that the deadline imposed on the Kinder Morgan pipeline caused some consumer anxiety and was a major factor in a bit slower market.  Inventories in some markets continued to climb while the number of sales was off in most markets.  There has been an improvement in […]

MARKET UPDATE – June 1, 2018

May sales were up slightly in some central Alberta markets and off slightly in others.  Concern over the Kinder Morgan deadline may have impacted consumer confidence negatively, causing sales to slow slightly compared to last month.  We believe it is more likely the pipeline will be completed under federal government ownership and if the general […]