March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 per cent, and the months of supply fell below one month. 

“We have not seen March conditions this tight since 2006, which is also the last time we reported high levels of interprovincial migration and a months-of-supply below one month," said Ann-Marie Lurie, Chief Economist at CREB®. “Moreover, we are entering the third consecutive year of a market favouring the seller as the two-year…

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When you read or watch the news about the real estate market, it may seem reasonable to make the assumption that the information applies equally to your street or community. But, that isn’t always true. In fact, the characteristics of your local real estate market can differ in many respects from the regional or national market. Say the regional real estate market is most active during certain months of the year. That might be true of your neighbourhood, too. But, there may also be some caveats. If, for example, buyers are eagerly awaiting listings to come up in your community, then that micro market might heat up faster than other areas in the region. Knowing how your local market works and how it differs from the larger regional market is crucial…

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We are so excited for your new journey! We wish you many wonderful years in your new home! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #airdrie #airdrierealtor #cobblestonecreek #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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It's Time To Spring Forward!! Don't forget to change your clocks before bed, Saturday, March 9th 2024! #daylightsavingtime #springforward #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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What an exciting change this will be! We cannot wait to hear all about your acreage adventures! We wish you all the best! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #acreagelife #ruralmountainviewcounty #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

Global economic growth slowed in the fourth quarter. US GDP growth also slowed but remained surprisingly robust and broad-based, with solid contributions from consumption and exports. Euro area economic growth was flat at the end of the year after contracting in the third quarter. Inflation in the United States and the euro area continued to ease. Bond yields have increased since January while corporate credit spreads have narrowed. Equity markets have risen sharply. Global oil prices are slightly higher than what was assumed in the January Monetary Policy…

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New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 per cent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 per cent, ensuring inventories remained near historic lows. Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year.
 
“Purchasers are acting quickly when new supply comes onto the market, preventing inventory growth in the market," said Ann-Marie Lurie, Chief Economist at CREB®. “It is this strong demand and…

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!JUST LISTED! RR24, Rural Rocky View County  https://peshketeam.maxwellrealty.ca/.../a2107267-range.../ $2,999,900 MLS A2107267 98.48 Acres located 1 mile NW of Calgary city limit just north of 144th Ave or Burma Rd. Call/message us for more details: 403-681-0319 This clean parcel has a gentle slope to the south. Access to the property is paved via Township Rd 261a. Great location! This property is within the Bearspaw Area Structure Plan and is currently zoned Agricultural. The Rocky View Water Co-Op line is 80 ft east of the property line. This is in a prime development location and could be an opportunity for an investor, developer or someone that wants to build their home…

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