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Blogging has not been my strength and so this is officially a work in progress.  I have some big plans for the blogging page in the foreseeable future so I ask for your patience as I venture into this side.

Market Updates

February Housing Market Update
Market Knowledge

February Housing Market Update

Low inventory and high demand drive price gains in February March 1, 2024 Rising Sales and New Listings | Despite a rise in new listings ...

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January 2024 Housing Market Update
Market Knowledge

January 2024 Housing Market Update

January sees strong sales fueled by boost in new listings February 1, 2024 Sales Growth | January sales saw a significant increase ...

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Top-Tier Real Estate 2023: Year in Review
Market Knowledge

Top-Tier Real Estate 2023: Year in Review

Canada’s metropolitan luxury real estate market evolved over the course of 2023 as buyers emerged from the sidelines with newly altered ...

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CREB® 2024 Forecast Calgary and Region Yearly Outlook Report
Market Knowledge

CREB® 2024 Forecast Calgary and Region Yearly Outlook Report

The Calgary Real Estate Board (CREB®) is pleased to announce the release of its highly anticipated 2024 Forecast Calgary and Region ...

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Style & Design

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Posted by Steven Hill on Dec 12, 2023

Times Are Tough, But Finding Low-Cost Fun Shouldn't Be Here Are Things To Do This Month FOR FREE Legacy’s ...

10 Halloween Safety Tips For Your Home

Posted by Steven Hill on Oct 03, 2023

Home safety for trick or treaters As a responsible homeowner, making your property safe for young trick-or-treaters ...

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There’s a certain nostalgia that arrives with the end of summer. The days fade, the weather cools, and as some might have you believe, so does the real estate market. Or does it? Most trend reports would have you believe that spring and summer are landing A and A+ grades in buying and selling classes, but, believe it or not, autumn is sweeping in for extra credit. Here’s a look at how the back-to-school season affects the real estate market.

It’s widely acknowledged that June and July are typically the busiest times of the year for moving. This is also true of the Canadian market. This buying trend coincides with optimal weather patterns—it’s a near-guarantee for a snow-free moving day, curb appeal is ramped way up thanks to blooming flora, and it’s easier for potential buyers to imagine themselves in the space when backyards and patios are available for use. These sunny days will continue in most Canadian cities through September as well, opening up a longer moving window for buyers.

Timing Is Everything

One knock summer has against it: everyone is on vacation. For those with families, spring and summer can mean an endless stream of activities—hardly the time to tack finding a home on the to-do list. Autumn offers some relaxation and respite from the hustle, with kids back in school (but not so immersed in curriculum that a move would throw everything off) and parents typically have a more open social calendar. This is reflected in market trends—real estate specialists typically see an uptick in activity after Labour Day.

Good Things Come to Those Who Wait

The heat can make many potential home buyers feel frenzied and enter into 10-way bidding wars. Other buyers are wise to wait until the fall when tensions settle and the competition drops off. It’s less likely you’ll have to go above asking price after summer, so be prepared to lock down your dream home with a pre-approval and personalized note in hand.

On the flipside, sellers may find that home buyers will be more motivated to make a purchase in summer or early fall. The idea of moving in winter has far less appeal, and the opportunity to rake in on year-end tax benefits is closing.

Lean in to Local Markets

Just as many Canadians don the snowbird lifestyle and escape to a southern locale during the winter months, snow lovers and ski bums will be looking for deals up north. Properties near winter-centric towns and cities such as TremblantWhistlerBanff and CanmoreCalgary, and Vancouver may see a boost in buyer interest as sweater weather sets in. Cabin lovers and families looking to take advantage of winter break may also have an eye on cottage-country properties with year-round appeal.

Call it the back-to-school boost or the season for smart decisions—changing weather, more routine schedules, unsung opportunities, and local factors all confirm autumn is a prime new time to invest in real estate.

 

https://www.sothebysrealty.ca/insightblog/2017/09/27/does-back-to-school-real-estate-market/

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Latest Blog Posts

February Housing Market Update

Posted by Steven Hill on Mar 01, 2024

Low inventory and high demand drive price gains in February March 1, 2024 Rising Sales and New Listings ...

January 2024 Housing Market Update

Posted by Steven Hill on Feb 01, 2024

January sees strong sales fueled by boost in new listings February 1, 2024 Sales Growth | January sales ...

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