Why Spring 2025 Is the Perfect Time to Sell in Calgary AB

Spring is in the air, Calgary homeowners, and so is opportunity! As a seasoned real estate agent, I'm here to tell you why Spring 2025 might just be the golden moment you've been waiting for to list your property. Let's dive into why the stars are aligning for sellers in our vibrant city. Market Momentum Is on Your SideThe Calgary real estate market is showing robust signs of growth. With an expected price increase of 4.5% in 2025, your home's value is on the rise. This means that by listing in spring, you're positioning yourself to catch the wave of this upward trend. Buyers are out in force, armed with growing confidence and the allure of falling interest rates. Balanced Market ConditionsWhile we're seeing strong growth, the market is transitioning towards more balanced conditions. This sweet spot offers the best of both worlds – you can still command a good price for your home while enjoying a less frenzied selling process. The sales-to-new listings ratio is hovering around 50%, indicating a healthy balance between supply and demand. Diverse Buyer PoolSpring 2025 is bringing out all types of buyers: First-time buyers are eagerly entering the market, focusing on properties under $800,000. Move-up buyers are looking in the $800,000 to $2 million range. Retirees are eyeing villas and larger condos, often with budgets over $800,000. This diverse buyer pool means your property, regardless of its type or price point, has a good chance of finding its perfect match.Strong Sales ForecastCREB® predicts that 2025 will see over 26,000 units sold – that's 20% higher than long-term trends2. This increased activity means more potential buyers for your property, potentially leading to faster sales and better offers. Pricing Sweet SpotWith the average detached home price in Calgary reaching $750,800 as of January 2025, and predictions of it potentially surpassing $800,000 this year, listing in spring puts you in an excellent position to maximize your return. Remember, as the year progresses, we might see more inventory hitting the market, potentially softening prices. Seasonal AdvantageSpring has always been a favorite season for home buying. The weather is pleasant for viewings, gardens are in bloom, and families are looking to move before the new school year. By listing in spring, you're catching buyers when they're most motivated and active. Ready to Make Your Move?If you've been on the fence about selling, Spring 2025 offers a compelling case to take the plunge. With strong market fundamentals, diverse buyer interest, and seasonal advantages, it's an opportune time to list your Calgary home. Don't let this spring market bloom without you! As your dedicated real estate professional, I'm here to guide you through every step of the selling process. From pricing strategies to marketing your home to its full potential, I've got the expertise to help you make the most of this golden opportunity. Ready to explore your options? Let's chat about how we can make Spring 2025 your season of success in the Calgary real estate market. Your dream sale is just a conversation away!

Tariffs and the Calgary Real Estate Market: Understanding the Potential Impact

Tariffs and the Calgary Real Estate Market: Understanding the Potential Impact As a realtor in Calgary, I've been closely following the developments surrounding the proposed U.S. tariffs on Canadian goods. The potential imposition of a 25% tariff, set to take effect on February 1, 2025, has raised significant concerns across various sectors, including real estate. In this blog post, I'll explore how these tariffs might impact the Calgary real estate market. Economic Uncertainty and Housing Demand Economic Slowdown: Tariffs can lead to an economic slowdown, which typically results in reduced consumer spending and job uncertainty. This environment can discourage potential homebuyers, leading to decreased housing demand. Impact on Housing Starts: With economic uncertainty, housing starts may decline. This reduction in new construction projects can further limit housing supply, potentially driving up prices in the long term. Construction Costs and Affordability Increased Construction Costs: If Canada imposes retaliatory tariffs on U.S. imports, the cost of construction materials like lumber and steel will rise. These increased costs are often passed on to consumers, making homes less affordable for buyers. Affordable Housing Challenges: Higher construction costs can delay or cancel affordable housing projects, exacerbating the existing affordability issues in the market. Calgary's Housing Market Outlook Despite these challenges, Calgary's housing market is expected to remain strong in 2025. Here are some key factors influencing this outlook: Sales Projections: The Calgary Real Estate Board (CREB) forecasts over 26,000 home sales in 2025, which is above long-term trends. This suggests a robust demand for housing despite economic uncertainties. Balanced Market Conditions: The market is expected to transition towards more balanced conditions, with price growth moderating to around 3% annually. This balance is partly due to increased supply from new home construction. Population Growth: Although migration levels are expected to ease, population growth will continue to support housing demand. Calgary's population is projected to grow at a rate faster than the provincial average. Mitigating Factors Economic Diversification: Alberta's economy is diversifying into sectors like alternative energy and technology, which could help mitigate the impact of tariffs on the housing market. Tariff Exemptions: If certain sectors, such as energy, are exempt from tariffs, it could bolster Alberta's economy and support stronger housing activity. Conclusion While tariffs pose significant risks to the Canadian economy and real estate market, Calgary's housing sector is expected to remain resilient. The key will be how effectively the local economy can adapt to these challenges and leverage its strengths in diversification and population growth. As we navigate these uncertainties, it's crucial for buyers and sellers to stay informed and flexible in their strategies. Stay tuned for more updates on the Calgary real estate market and how global economic shifts are shaping our local housing landscape.

Navigating Calgary's Real Estate Chessboard: To Buy First or Sell First?

Entering the real estate market in Calgary is akin to playing a strategic game of chess. One of the initial and critical decisions you'll face is whether to buy your new home first or sell your current one. In this blog post, we'll unravel the intricacies of this dilemma, exploring the pros and cons of both options and shedding light on why the answer isn't as cut and dry as it might seem. The Case for Buying First: Pros: Freedom to Choose: Buying your new home first gives you the freedom to explore the market at your pace. You can carefully choose a property that aligns with your preferences without the pressure of an imminent sale. Smooth Transition: Moving into your new home gradually minimizes the stress of a rushed relocation. It allows for a more seamless transition, reducing the logistical challenges often associated with immediate moves. Negotiation Leverage: Buyers without the pressure of selling their current home might find themselves in a stronger negotiating position, potentially securing a better deal on their new property. Cons: Financial Tightrope: Carrying two mortgages can strain your finances if your current home doesn't sell quickly. This financial tightrope is a significant risk that needs careful consideration. Contingency Complexities: Including a contingency clause in your offer, dependent on the sale of your current home, might make your offer less appealing to sellers and put you at a negotiating disadvantage. Market Volatility: If the real estate market takes an unexpected turn, the value of your current home may decrease, impacting your budget for the new property. The Case for Selling First: Pros: Financial Clarity: Selling your current home first provides a clear understanding of your budget for a new property. This financial clarity reduces the risk of managing two mortgages simultaneously. Negotiating Power: As a seller with a firm closing date, you may have stronger negotiating power, potentially securing a better price for your current home. Reduced Risk: Without the pressure to sell quickly, you can wait for the right buyer and the right price, minimizing the risk of settling for less than your property's worth. Cons: Temporary Transitions: If your current home sells quickly, arranging for temporary accommodations becomes necessary, potentially incurring additional costs. Time Constraints: Once your home is sold, you may feel pressured to find and close on a new property quickly, potentially leading to a rushed decision. Market Dynamics: In a competitive market, finding your ideal home may be challenging, and you might need to act swiftly to secure a property. Conclusion: In the ever-evolving chess game of Calgary's real estate, there's no one-size-fits-all strategy. The decision to buy or sell first hinges on your unique circumstances, risk tolerance, and the current state of the market. It's a nuanced decision that benefits from the guidance of a professional. Consider consulting with a trusted real estate agent who has their finger on the pulse of Calgary's market, providing you with tailored advice based on the latest trends. Ready to make your move wisely? Connect with Cameo Chariel Palin and Associates, your expert partner in navigating Calgary's real estate landscape. We are dedicated to helping you make informed decisions in today's market. Visit our www.AllCalgaryHomesCameo.com to schedule a personalized consultation and let's strategize your next move together. Remember, the answer isn't black or white; it's a strategic move in a game where every piece matters. Consult, contemplate, and make your move wisely.