Calgary's Real Estate Market July 2023

It's August 2023 and Calgary's real estate market is still going strong. For buyers, the market remains competitive but there are still great opportunities to be found. Sellers are in a good position as prices continue to rise and demand remains high. Here's what you need to know.

Buyers:

Calgary's real estate market is still experiencing a high level of migration, which means that there is a lot of competition for homes in desirable areas. However, there are still opportunities to be found. One option is to look for homes that need a little bit of work. These homes may be less expensive, and you can add value by making renovations or upgrades. Another option is to look for homes in up-and-coming neighborhoods. These areas may not be as popular yet, but they have the potential to become hotspots in the future.

Sellers:

If you're thinking of selling your home in Calgary, now is a great time. Prices continue to rise, and demand is high. However, it's important to price your home realistically and to make sure it is in good condition. With so much competition, buyers are looking for homes that are move-in ready and priced appropriately. Working with an experienced real estate agent can help you navigate the market and get the best possible price for your home.

Mortgage:

If you're buying a home in Calgary, it's important to understand the mortgage process. Interest rates remain relatively low, which is good news for buyers. However, it's still important to shop around and compare rates to get the best possible deal. It's also important to make sure you have a solid financial plan in place before you start the home buying process. Reach out if you are in need of a mortgage professional, I work with the best.

Outlook:

Looking ahead, Calgary's real estate market is expected to remain strong. The city's economy is on the upswing, and there is a lot of interest from both buyers and investors. However, it's important to keep an eye on the market and to make informed decisions. Working with an experienced real estate agent can help you navigate the market and find the best possible opportunities.

In short, Calgary's real estate market is still going strong in 2023. Whether you're a buyer or a seller, there are opportunities to be found. With an eye on the market and the help of an experienced agent, you can make the most of the city's thriving real estate market.