Summer is not only just the hottest season per se, but it is the hottest season to buy and sell a home. If you’re thinking of dillydallying this one till winter, think again. Take advantage of the opportunities and here are the reasons why.


  • Broader, flexible options. During summer, there is a significant number of homes being put up for sale—and being bought. The more there is to choose from, the greater likelihood for you to find the perfect one. Finding a home that suits your taste and budget is not easy when there are only a few houses for sale in the market. With more options, you will have more control of what you buy—from picking the specific floor plans that you prefer to the amenities, location, and even the price.
  • Convenience. Of course, you can find a house in all seasons, but everyone knows how difficult it is to even do just house hunting during the winter. This is most especially true for fraught parents. On summer, they can take advantage of the time while their kids are on a break, so as not to distract their very specific schedules while in school.
  • Ease of selling and buying. We go back again to the fact that in summer there is a significant number of homes being put up for sale or bought. Many of us are actually in a bind of selling their current house first before buying a new one. This is the perfect opportunity to do both at the same time with ease, as the market is pretty much open.
  • Prices are prices, it’s not only summer that affects it. In the statistics record of houses for sale in Auburn Bay, a one percent increase was recorded compared to a prior month and an eleven percent increase in a prior year. Luxury homes in Calgary have picked up a significant percent of sales this year, that is, 26 percent this year compared to just 16 percent last year. Now these are just statistics to guide you, it only says that prices are prices, it is not decided by the season alone. However, the opportunity of summer is that there are more homes being put up for sale in summer as well as being bought, compared to any season of the year. Take advantage of such opportunity.
 

Remember, home buying is not about scoring the cheapest or the lowest price. It’s more on finding the right house that will give you peace of mind, and with a broader, more flexible options, summer is a good fit for house hunting.

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Calgary’s real estate market is booming, and it’s likely to improve even more as the economy recovers from the impact of the pandemic.

The City of Calgary Housing Review for the first quarter of 2021 revealed home sales in the first three months of this year outpaced the same span in 2020 and even 2019. The demand is particularly notable as 5,946 units sold in the Calgary Economic Region from the start of January to the end of March compared with 3,223 in 2020 and 3,101 in 2019.

Sales have grown despite the unemployment rate in the first quarter remaining very high at more than 10 per cent, down slightly from the end of 2020 at more than 11 per cent. The current boom has been driven by pandemic factors such as low borrowing costs and pent-up demand. The report predicts high demand for housing should continue as the vaccination rollout helps ease restrictions. The market's growth should continue into this year as business and consumer confidence gain strength as COVID-19 cases decline.


Source: https://calgarysun.com/life/homes/new-homes/calgary-real-estate-poised-for-more-growth-as-economy-recovers/

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