The media has all sorts of good and bad news out there for the consumer regarding the economy and where real estate is at. My strict thoughts are that the news in combination with the fear of the unknown due to the recession that we are slowly recovering from has caused unnecessary panic. By this I mean no disrespect, simply I want to state the obvious; the Calgary real estate market has more supply then demand. We won’t discuss in this blog as to the reasons why there is more supply – perhaps we will discuss on the next update.
On a very positive and refreshing note, today’s news gave us the information that more new jobs are being created in Alberta. We are living a buyer’s world right now with interest rates at record lows again and stabilized house pricing with little to no overpriced homes. Again, I realize that this may be obvious to you; however I thought it worth mentioning as my everyday conversations with clients, friends and family take me down this particular conversational path on a regular basis.
All in all, if you have a great Mortgage Broker and fully trusting Realtor this is the greatest recipe for real estate buying success. These are the ingredients that should build the confidence for you to buy the home that you are looking for as they ultimately are working for you and your current and future needs. Remember that owning your very own home provides you with a stable home where the purchasing price is fair, where you will be able to live in for the next 2-5 years equaling a happier you and a much happier family.
