Husband. Dad. Realtor. Content creator at Foat Partners. Basketball & blues lover. Genuinely happy guy.
Calgary's market is slow. There just aren't many people buying homes.
Sales are down 19% from last year, and down 25% from the long term averages.
The combination of new mortgage rules, a still recovering economy, and a long winter have caused most Calgarians to still put in their home.
Selling a home right now can be frustrating. Even dropping the price drastically doesn't guarantee a sale when buyers are few.
Townhouses, or Row Houses, or Stuck Together Houses as my daughter calls them, keep plodding along in our market.
The benchmark price is up 3% since last year. Prices went up 1% last month.
There's more Row Houses on the market than last year and fewer sales. But it's not nearly as dramatic as the Detached Homes market, and not bad at all compared to the Condo market.
It's not a bad time to pull the trigger if you're thinking about selling a Townhouse. You'll just need to be a little patient and make sure it's marketed right.
It's also a great time to buy, especially if you were thinking about condo but the current condo market scares the heck out of you. There are lots of great Row Houses to choose from, and they seem like a solid investment right now.
It looks like you're running an older version of Firefox than we support. Please update to version 23 or later to use the Haiku Deck Web App.
We’re working on adding support for your device -- thanks for your patience!
In the meantime, Haiku Deck is available forChrome orSafari on your Mac or Windows Computer. Or, use Haiku Deck on the iPad.