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Calgary Market is a Sellers and Buyers still...depends...

10/25/2016

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People ask me all the time how 'bad' is the Calgary real estate market.  The only answer is ‘depends’.  If a property has condo fees attached to it….HUGE buyers market, big price declines.  These are apartment condos and many townhouses.  If you are buying one of these then you have a lot of negotiating power.  If you are selling, then you need to price right to start with.
If you are selling a single family house over the price of $600,000, you also have a buyer’s market.  If you have a house under $500,000 then we are actually in a SELLERS market.  Especially if you have a house under $400,000. 
Strange market, but overall I consider our market to be stable considering the economic downward trend in our city and province.  Surprising I know!  


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William Charlton is a direct private mortgage lender and does not provide mortgage advice, mortgage brokering services or arrange third party financing.  Should you need mortgage advice please contact the Real Estate Council of Alberta or the Alberta Mortgage Brokers Association.​

William Charlton does not accept other investors and does not raise funds. 

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