"2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw last year," said CREB® chief economist Ann-Marie Lurie.
"Sellers needs to be aware of the competing supply in the market. This can influence the timing of their decision, along with setting realistic expectations regarding time on the market and selling price," said 2018 CREB® president Tom Westcott. "For buyers, getting pre-approved for a mortgage is essential, along with getting advice from a REALTOR® to get into a home they will be happy with."
I service NW Calgary, Airdrie, Crossfield and Carstairs. For more information on housing stats for any of those areas, feel free to contact me! If you already own property and want to keep your eye on the market for your specific Town, City or neighbourhood...I can assist with that as well. Reach out today.
Diandra Johnson | 403.660.8608 | firstname.lastname@example.org
*DOM - means days on market