Focus on Real Estate: Are you looking to buy or sell your home?

by Paul Ackerman

(Calgary) – Are you looking to buy or sell your home? Curious about the Real Estate market and what the new year has in store?

You are not alone! As we step into 2025, there are many factors that will determine what the market will look like. Politics, immigration, economy, population, development and of course mortgage rates are all factors. Through all of this, Alberta has seen significant growth over the last decade and this trend isn’t stopping anytime soon. New developments in all quadrants, rezoning for multifamily applications and our city spreading its perimeters every year are proof of this.

Over the last few winter months, we have seen a slow but balanced market. This is typical in our city as we all know that moving in the frigid temperatures is no fun! However, there will always be people who need to move and so sellers at this time can typically sell reasonably well with less homes to select from.

As we move towards Spring though, this will begin to change. Traditionally this season is the busiest in Real Estate, with milder weather and the holidays past us. With this comes competition, having more inventory available but more buyers looking for the same types of properties. In these times, we will often see multiple offers and sale prices going above and beyond asking prices.

So how do you know when is the best time to buy or sell your home? A variety of factors can help make these decisions, such as the time frame you require, the type of property you have, is it attractive to developers, the reason for the move and the desirability of your community.

The best way to start is to find a great Realtor who can help you navigate the market and answer all your questions. You will also want to meet with your bank or mortgage broker, so you know exactly where you are financially. If you are a buyer, most realtors will want you to be pre-approved for a mortgage prior to viewing homes.

Buyers benefit from a realtor’s knowledge of what is available and realistic in their budget, working with their buyers’ specific requirements and desires. As a seller, a realtor can help you price your home correctly and competitively, prepare your home to list, market your home to the proper audience and negotiate with buyers to ensure a smooth sale.

Negotiating between buyers and sellers is best done through the expertise of a realtor, who have your best interest in mind and can get the most value for everyone. This year Real Estate in Calgary is anticipated to thrive and continue the trend of growth and development.

With mortgage rates continuing to go down and increasing inventory supply, 2025 promises to be a great year. Our city stands as one of the best in the world for livability, attracting more and more people every year, cementing our Real Estate market strong for the foreseeable future. If you want to learn more don’t hesitate to give me a call, I would love to chat!

Paul Ackerman can be contacted at Re/Max Realty Professionals 403.926.4435