We are seeing a normal cooling off of sales and inventory as winter approaches. Slight decline in property values. The exception is detached homes under $600,000, which remains a very hot market segment. Lots of new construction rental properties coming on stream this winter. It will be interesting to see how this effects the investor market for one off sales. Time will tell. We are still having strong net migration to the area which is pushing up the unemployment figures. Without jobs, I would anticipate that we may become less a desirable place to live for many thinking of moving here. The first 6 months of 2025 will be interesting as Alberta absorbs the impacts of Trumps trade wars and protectionism policy’s. My crystal ball is covered over right now as there too many wild card external factors at play. All I can say is buying and selling in the same market is all relative and real estate is generally a long game.
