January 2020 Issue
(403) 966-7676
Danny Raposo - Real Estate
Danny Raposo Real Estate - January Edition

Hello Friend

Welcome to my newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact me. I would be happy to meet with you to see how I can help you out.

Danny Raposo - Real Estate
Danny Raposo – Real Estate
Dedication. Integrity. Results.
RE/MAX Real Estate (Central)
(403) 966-7676

Calgary Housing Market Outlook


Calgary to lean towards buyers in 2020 with more first-time home buyers entering the market than ever

The Calgary housing market will lean toward buyers in 2020 with a zero percent residential sale price expectation. This is dependent on a number of different factors, including the province’s economy and the fate of the Keystone Pipeline. The city’s employment rate and overall economy will have the greatest impact on the housing market, along with strong population growth.

Calgary’s buyer’s market is due to its economy and high unemployment rate which is expected to continue into 2020 should major changes not be made. Housing affordability isn’t a concern due to low condo prices allowing buyers to easily enter the market. Despite the high unemployment rate, the city’s population is increasing due to residents from other parts of Alberta moving to the city.

Condominiums and two-story detached homes are the most popular properties in Calgary while Coventry Hills, Evergreen and Northeast Calgary are expected to be the hottest markets of next year because of their affordability. First-time and move-up buyers are expected to drive demand in 2020, with more first-timers entering into the market compared to past years, due to the city’s overall younger population compared to the rest of Canada.

Read the full article here

Local Events

Lunar New Year Celebration
Jack Singer Concert Hall
January 17-18, 2020
The Wedding Fair
BMO Centre (Halls A, B & C), Stampede Park
January 19, 2020
Big Winter Classic 2020
Calgary, Alberta
January 23-26, 2020

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Best Value in all of Irricana! C4280741

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Shane Homes Stunner Nolan Hill / C4279741

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SIMPLY STUNNING! Tuscany / C4277918

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This RC-2 property is in the perfect location Glendale / C4274396

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FORMER SHOWHOME ALERT!! Cornerstone / C4267081

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Just move in and enjoy! Hillcrest / C4266753

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Custom walk-out Crystal Creek home Tuscany / C4257800

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Calgary Real Estate Board


Calgary’s real estate market in December caps off 2019 with more signs of stability

December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.

A stronger second half in 2019 was enough to push annual sales up by one per cent.

“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.

Click here for the full report

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage. All information was current on Jan 15, 2020.

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