If you’re thinking about buying or selling a home in Calgary, you’ve probably spent some time wondering what’s happening in today’s market. Right now, Calgary real estate is in a unique place, and as trends keep evolving, it’s only getting more intricate.

As local real estate agents, one question we hear a lot is, are we in a  buyer’s market or a seller’s market?

There’s a lot of different information out there about who currently has the upper hand when it comes to real estate. We’re here to set the record straight.

A City of Micro Markets

Is Calgary real estate in a buyer’s or seller’s market right now? Answering this question isn’t as simple as picking one option over the other. This is because real estate trends aren’t universal across the city or property  types.

Calgary is remarkably diverse from a neighbourhood and housing perspective. Because every pocket is unique, they each draw in a distinct type of buyer and homeowner – who eventually become sellers too. With that in mind, ongoing real estate trends can look completely different from one part of town to another.

In real estate terms, we call these pockets micro markets. They can be loosely defined regions, entire neighbourhoods, or even as narrow as one specific street. While one area could have plenty of inventory giving buyers the upper hand, there could also be a red-hot seller’s market right down the road.

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Trends by Property Type

If you’re looking to buy or sell real estate in Calgary, you’ll want to look closely at your relevant micro markets rather than the city as a whole.

While this means paying close attention to your target neighbourhoods, you’ll also want to consider what type of home you’re looking to buy or sell. In Calgary, real estate micro markets aren’t just defined by geographic areas. We also see different trends based on housing types, location, size, age, and more.

For example, let’s say you’re looking to buy your first income-earning investment property. You’ll want to look at the most relevant insights by studying each property type form  condos, townhomes, semi-detached and detached market. Is inner city the best place for your next rental or is a new community best for you?

External Factors

Real estate trends like buyer’s and seller’s markets are often boiled down to simple supply and demand. However, it’s a lot more nuanced than that. Beyond available inventory and buyer behaviours, all kinds of external factors can influence Calgary’s market. One great example of this is interest rates and tariffs on Canada.

Lending costs are a major factor when it comes to buying. As interest rates decline, a greater number of potential buyers are able to enter the market. Right now, as financing is becoming more affordable, it presents a great opportunity for buyers – especially those who are also selling.

Let’s say you’re looking to upsize your home. Now that money is cheaper, you can secure an ideal loan while cashing in on the equity you’ve built on your current property over the years.

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How to Get the Best Results in Calgary

If you’re looking to buy or sell a home successfully, making sense of the market is just the beginning. One of the biggest differences in your sale or purchase will be the real estate agent you choose to work with.

However, in a fast-growing market like Calgary, there are a lot of real estate agents to pick from – and the degree of knowledge, service, and results that an agent can provide will vary widely. That’s where we come in – Dolce Real Estate Group.

For buyers, our unrivalled knowledge of Calgary’s housing stock and communities can help you uncover opportunities that other agents might overlook. For sellers, we’re able to interpret the current market and what it means for your unique situation and ensure you capitalize on the market and get the most money for your property.

Looking for a top Calgary real estate team to help you buy or sell? Get in touch! Call 403.999.5882 or reach us by email at info@dolcerealestate.ca.

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