REAL ESTATE MARKET UPDATES FOR RED DEER AND CENTRAL ALBERTA

Low inventory and high demand continues to be the theme in Alberta.  The Bank of Canada has another rate announcement scheduled for July 12, and

Residential MLS sales in Central Alberta stayed strong in May, posting sales numbers that almost don’t make sense considering the high interest rates and inflation

Residential MLS sales in Central Alberta were up almost nine percent in April compared to March, but down 26% compared to April 2022.   There are

Low inventory continues to be a theme.  Sales were down 28% this March compared to 2022, however inventory is down 21% in the same period.  While we’re

The Central Alberta market continues to move along, but at a much slower pace than 1 year ago.  With only 104 sales in February, sales

January 2023 started off a little slower than January of 2022, however sales jumped up from December by 30% which is an encouraging sign.  Markets

Residential MLS sales in central Alberta in December were down 24% compared to November, while year to date sales were down 8.9% compared to 2021.

November sales saw an 18% drop from October, however it’s normal for sales to decline month over month as we head into December.  The drop

After a 20% drop in sales in September, the market bounced back nicely in October, posting 142 sales in Red Deer, an increase of 15

The central Alberta residential real estate market in September performed much like we expected, although sales picked up slightly in the last week and came

As expected, markets continue to cool as interest rates continue to rise.  On September 7th the Bank of Canada raised rates by another 0.75% as they’re

July 2022 residential MLS sales in Central Alberta were down 7.5% compared to June, and year to date sales are down 3.62% compared to the