Top Questions About Selling Your Home This Winter

Unlocking the Calgary Real Estate Market: Key Considerations for Home Sellers

Are You in the Know on Calgary Real Estate Trends

As the Calgary real estate market experiences a transformative shift this season, prospective home sellers may find themselves grappling with uncertainties about the viability of putting their property on the market. In this insightful piece, we address your top concerns and provide the information you need to make confident decisions.

1. Are Buyers Still in the Game? Amidst concerns about diminishing buyer demand due to increased mortgage rates, it's crucial to recognize that the scenario varies for different demographics. While overall demand has softened, the millennial generation remains a formidable force in the housing market.

In the words of Forbes, "Once known as the 'rent generation,' millennials have proven to be savvy buyers who are quite nimble in their quest to own real estate. I don’t think it’s a stretch to say they are the key to the overall health and stability of the current housing industry." So, if you're questioning the presence of buyers in today's market, rest assured that there is an active pool of potential buyers, and your Calgary home might be exactly what they're searching for.

2. Can I Afford My Next Calgary Home? Navigating current market conditions may leave you concerned about the financial feasibility of your next move. However, it's essential to recognize the potential equity in your current home, which could be a game-changer.

Over the past few years, homeowners in Calgary have accrued substantial equity, offering a valuable resource in the affordability equation, particularly with higher mortgage rates this year. Mark Fleming, Chief Economist at First American, notes, ". . . homeowners, in aggregate, have historically high levels of home equity. For some of those equity-rich homeowners, that means moving and taking on a higher mortgage rate isn’t a huge deal—especially if they are moving to a more affordable city."

In Conclusion: For Calgary home sellers contemplating a move this season, the insights of Peter Eki, a trusted Calgary Realtor, can provide the expert guidance needed to navigate the evolving real estate landscape. By staying informed about buyer trends and understanding the potential equity in your property, you can make the best possible move in the dynamic Calgary real estate market. Connect with Peter Eki today to ensure you have the expert insights necessary for a successful home-selling journey.