June is a wonderful time of year. Summer is just around the corner and the spring real estate market is in full bloom.
This year the market has been quite active and shows no sign of slowing down. Well priced homes are selling in many different price ranges with the lower $ range being the most active. This is to be expected and as properties at this end of the market get sold. Those sellers become buyers and move upwards – slowly stimulating the whole market.
A new report out from RBC shows that Alberta is expected to lead the country in growth over the next year and this will most likely lead to an increase in demand and a corresponding upwards trend in house prices.
The next couple of months will be quite telling as the market will often soften in July and August as people take holidays etc. It will be interesting if the demand holds up as this will be a good indication of future activity.