Fort McMurray

Sept. 26, 2022

September 18th to 25th, 2022

September 18th to 25th, 2022

While we continue to see the Fort McMurray real estate market cooling down after a record-breaking period earlier this year, there is still a fair amount of activity happening. Although we’ve seen average prices decrease month-over-month across the board homes that are properly positioned in ...

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Posted in Fort McMurray
Sept. 19, 2022

September 11th to 18th, 2022

September 11th to 18th, 2022

The air is crisp and the leaves have begun to turn. This is a favorite time of year for many. We think of pumpkin pie and spiced hot apple cider and all those beautiful fall walks through the birchwood trails and along the River. This ...

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Posted in Fort McMurray
Sept. 12, 2022

September 4th to 11th, 2022

September 4th to 11th, 2022

The headwind growing in front of all Canadian housing markets is the rise in mortgage rates. On September 7th the Bank of Canada raised the overnight lending rate by .75%. That sends us a message that they are not finished with their interest rate increases ...

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Posted in Fort McMurray
Sept. 6, 2022

August 28th to September 4th, 2022

August 28th to September 4th, 2022

Well folks this is it. School is in and the last days of summer are behind us as we look towards the fall Real Estate market. Conditions remain uncertain with growing inventory and rising interest rates. It is a buyer’s market.  

What is ...

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Posted in Fort McMurray
Aug. 30, 2022

August 21st to 28th, 2022

August 21st to 28th, 2022

Fall is in full swing and as families enjoy the final days of holidays, warm weather, and preparing the kids for school we are gearing up for the autumn Real Estate market. Traditionally when school commences buyers turn renewed attention towards finding a home before ...

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Posted in Fort McMurray
Aug. 22, 2022

August 15th to 22nd, 2022

August 15th to 22nd, 2022

With interest rates and housing supply increasing, Fort McMurray home buyers are operating in a changing marketplace as we enter the fall season.  The fact of the matter is that our economy is still very strong and current interest rates for borrowing money is ...

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Posted in Fort McMurray
Aug. 15, 2022

August 7th to 14th, 2022

August 7th to 14th, 2022

Sales activity in August eased relative to last month. While the decline was fairly significant this month, it has not offset the exceptionally strong gains made earlier in the year. We have now shifted to a buyer’s market.

 

While the shift was significant, it ...

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Posted in Fort McMurray
July 18, 2022

July 10th, 2022 to July 17th, 2022

July 10th, 2022 to July 17th, 2022

What is the Fort Mac Market doing right now? Summer is hot and the market has cooled somewhat at the moment.  55 homes decreased their prices this week as sellers move to align with market conditions. Sales are still steady ...

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Posted in Fort McMurray
July 11, 2022

July 3rd to July 10th, 2022

July 3rd to July 10th, 2022

 

We are now in a balanced market. The overall inventory has gone up 38% from April to June with sales staying about the same. Single-family inventory is over 300 and it hasn't been that high since November 2019. There have been significantly ...

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Posted in Fort McMurray
July 4, 2022

June 26th, 2022 to July 3rd, 2022

June 26th, 2022 to July 3rd, 2022

 

We’re starting to see a slowdown of the real estate market in the Fort McMurray area as we head into the early days of summer.  While we continue to see a lot of activity in the market, we’re not seeing as ...

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Posted in Fort McMurray