In accordance with the Calgary Real Estate Board's (i.e. CREB's) recently released sales data, Cochrane housing inventory has reached it's highest level since the end of 2020 (i.e. pre-pandemic).
While sale prices have begun to taper ever so slightly, they remain 8.70% higher than this time last year. Combining this with the fact that Cochrane home sales are down nearly 7% year over year, we see ourselves creeping ever-closer to a balanced local Real Estate market.
That noted, new CMHC rules (i.e. 5% down for first-time & all new home buyers + 30 year amortization for such), along with expected pending interest rate drops will keep the local Real Estate market buoyant. Stay tuned for more...
Local Real Estate Questions? We have the answers. Call/text Kent @ 403.805.3000.
