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I can't recall ever telling buyer clients that "now is the time to buy a home!" But, I have often counseled clients through the evaluative process of whether or not now could be the right time for them to spend hundreds of thousands of dollars.

 

Question: Is not the right time to buy a home in Calgary?

 

Answer: Maybe. It depends.

 

These are some of the reasons to buy a home in Calgary this year... as told, unprompted, by some buyer clients in the last few months:

  1. I'm tired of renting and paying off someone else's mortgage.
  2. Interest rates are so low, it would be crazy to not at least consider buying now.
  3. With where we are in our lives, buying is the right thing to do now.
  4. We've lived in Calgary for a few years and feel settled enough to consider buying.
  5. We're planning to be in Calgary for a while.
  6. We were looking last year and couldn't find the right place because the selection of homes was so tight. And prices were climbing faster than our incomes.
  7. While house prices may go up and down, the long-term trend is up. Getting in when there is lots of homes on the market just makes sense.
  8. Interest rates are going up.

And then some thoughts about the buying process:

  • "We know enough to know that we need guidance. It's been a long time since we bought a home and a lot has changed since our last home purchase."
  • "Right now, inventory of homes in Calgary is so abundant that having someone to help us evaluate and narrrow down our choices is critical."
  • "We're need someone in our camp and advocating for us and not the seller."
  • Planning, laying the groundwork in advance of having to make a rapid decision, is one of the most important components of the buying process.
  • Helping to understand the context of the real estate market really matters.

Do you have questions about the Calgary real estate market? As me anytime.

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