It’s Over Calgary! | Canadian Real Estate News #canadianrealestate

According to Oxford Economics that Calgary real estate market is about to crash! The Calgary real estate market seems have been defying what has been happening in many other parts of the Canadian real estate market with prices increasing while prices are dropping in many other cities in Canada. Should you get out now if you are in the Calgary housing market? I have the best mortgage rates available this week. I am also taking a close look at the just release August 2024 CREA (Canadian Real Estate Association) stats about the Canadian housing market. This CREA stats package demonstrates how much of an impact the Toronto real estate market has on the Canadian average home price and the Canadian real estate market.

𝗟𝗲𝘁 𝗺𝗲 𝗳𝗶𝗻𝗱 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝗥𝗲𝗮𝗹𝘁𝗼𝗿!
📆 𝗕𝗼𝗼𝗸 𝗮 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗲! https://calendly.com/matthewpfeifer

𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲: https://youtube.com/playlist?list=PLJIsqXO9b_ojeDVbwhhiZVxJl0MGqOe2D

𝗗𝗼𝗻'𝘁 𝗳𝗼𝗿𝗴𝗲𝘁 𝘁𝗼 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝘁𝗼 𝗺𝘆 𝗰𝗵𝗮𝗻𝗻𝗲𝗹: https://www.youtube.com/channel/UCQtcFSrs6t8mdztfu_wfstA?sub_confirmation=1

[0:00] Welcome!
[0:29] Another Terrible Joke
[0:38] Bank of Canada Interest Rate Predictions
[1:30] This Week's Best Mortgage Rates
[3:24] CREA Stats
[5:40] Calgary Real Estate Market Crash 2024

Sources:

https://www.canadianmortgagetrends.com/2024/08/the-big-banks-are-slashing-their-interest-rate-forecasts/

https://stats.crea.ca/en-CA/

https://financialpost.com/news/canadian-home-prices-fall-cities-you-might-not-expect

𝗠𝗮𝘁𝘁𝗵𝗲𝘄 𝗣𝗳𝗲𝗶𝗳𝗲𝗿'𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻:
🔗 https://linktr.ee/baldprairierealestate
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Royal LePage Next Level

My name is Matthew Pfeifer, and this is Bald Prairie Real estate, a Canadian real estate channel. I am a REALTOR® in Regina Saskatchewan working for Royal LePage Next Level. In over 10 years working as a real estate agent, I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national real estate market. The real estate market in Canada is very regionalized and local, which is why my monthly Canadian real estate market does not just look at the national statistics, or updates that cover Vancouver and Toronto only, but other individual cities like Calgary, Halifax, Montreal and more. The very local aspect of the Canadian real estate market is why it can be so hard for governments to craft policy for the "Canadian" real estate market. Being from Regina, me and my team specialize in the Regina real estate market and have a much different approach and outlook on Canadian real estate than a REALTOR® from a larger market like Toronto or Vancouver. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada, monthly Canadian housing market updates and weekly Canadian real estate news recaps.

#canadianrealestate #canada #calgaryrealestate


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