"May sales activity continues to ease with the largest declines occurring in the detached sector. Additional gains in new listings continue to increase inventory levels. City-wide sales activity in May totaled 1,726 units and is 19 per cent below last years' levels. This is 24 per cent below longer term averages. Sales activity in the detached sector declined to levels not seen in over a decade."
"The impact of rising lending rates and stricter qualification levels is causing demand to ease across all product types," said CREB® chief economist Ann-Marie Lurie. (Source: City of Calgary CREB Market Report, June 1 2018)
Ultimately if you are deciding if you should buy, sell or hold off, it is important to meet with a professional and review your specific circumstanc
es because whether or not it is the right time for you...DEPENDS!
If you need to sit down with someone to discuss if it makes sense to buy or sell for you, feel free to reach out!
Diandra Johnson | 403.660.8608 | firstname.lastname@example.org