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Price Drops Arriving Quicker Than Thought!

2/2/2015

2 Comments

 
Oh wow, my house price drop predictions might come earlier than previously thought!   In Calgary, homes sales have plummeted by over 35% below the 10 year average.  There are nearly 2,600 active listings detached listings pushing the market quickly from a sellers’ market to a near buyers’ market. 

That escalated quickly.   I had predicted in previous posts a market correction heading into the summer.  These price drops may come much sooner.  Buyers are sitting on the fence looking for bargains, while sellers are rushing to list their homes.  If you are downsizing then I suggest you move quick!  If you are upgrading then waiting might not be too bad as lower priced real estate will drop less than the higher-end homes.  If you are renting and looking to get into home ownership then you might want to talk to me in the next month or two.  Either way, brace yourself for a rough real estate market in the coming months.

For more info or if you have questions or comments please let me know.

William Charlton

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2 Comments
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5/3/2016 12:35:43 am

Either way, brace yourself for a rough real estate market in the coming months.

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7/14/2020 02:47:02 am


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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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