Has the Calgary Real Estate Market Hit Its Peak?

As we move to October, the market has brought some unexpected turns in the Calgary real estate landscape. Many were thinking we'd reached the peak, but there's more to the story. Here's the latest scoop from the October Real Estate Market Update for Calgary.

🔍 In this video, we cover:

🔥 Why those who've been on the fence are jumping back into the market.
🔥 The real scoop on homebuyers' hesitation and why it could be costing them.
🔥 Insider knowledge on the price drops we've been seeing (Spoiler: It's not what you think!).
🔥 The demand for condos, lower-priced homes, and that HOT topic: brand-new legal basement suites!
🔥 Monthly benchmark prices for different properties – and trust me, there are some surprises here!

It's an exciting time for Calgary real estate.

The patterns we've observed in September 2023 are crucial for both buyers and sellers. While there's been an upward trend in prices for specific properties, sellers need to stay grounded. Price your homes right, and they will sell. Buyers, on the other hand, don't get stuck waiting for that 'perfect' moment.

Now might just be the right time for you!

Want to dive deep into the specific benchmark prices for your community or perhaps the areas you're keen on? Don't hesitate to reach out! Our team is always here to help guide you with the best possible advice.

📌 Remember, in real estate, knowledge is power. And I’m here to empower you. So if you found this update informative, don't forget to drop a "helpful" in the comments, hit that subscribe button and ring the notification bell for the latest Calgary Real Estate Market Updates.

🔸 Highlights:

Home buyers returning after the interest rate hold.
Condo prices are on the rise - Is now the right time to buy?
Many homes dropping prices - A golden opportunity or a red flag?
Condos & low-priced homes gaining popularity.
New legal basement suites renting for big bucks.

This is our video - Has The Calgary Real Estate Market PEAKED? | Calgary Real Estate Market Update for October 2023?

Chapters:
00:00 - Calgary Real Estate Market Update for September 2023
00:23 - Where Homebuyers in Calgary Are
00:50 - Competing Market in Calgary
01:29 - Is The Seller's Market Slowing Down?
01:47 - Condos in Calgary
01:55 - Legal Basements in Calgary
02:10 - Benchmark Price
02:49 - City of Calgary Detached Price
03:59 - City of Calgary Semi-Detached Price
05:06 - City of Calgary Townhomes
05:55 - City of Calgary September Market Update 2023
06:06 - City of Calgary Apartments
06:45 - Advice for Buyers in Calgary
06:55 - Advice for Sellers in Calgary
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Felix Chan & Jasben Lai are Calgary Realtors with the LiveInnerCity Real Estate Team in Alberta, Canada. Felix is also a Calgary Mortgage Broker and Real Estate Investor.

As your Calgary Real Estate Agents of choice, we are your one-stop-shop for all your Calgary Real Estate needs. We provide our best tips and tricks for home buyers, sellers, and investors looking in the Calgary Real Estate Market. We also dive into Calgary Communities and Home & Condo Tours.

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