Oil’s dropping prices have led to slower home sales across Canada, according to CREA’s latest numbers. Should sellers be worried? Here’s what you need to know.
Kicking off our Regional Real Estate series, we check in with Calgary, Canada’s fourth largest city. Boasting a strong economy fueled by the oil and gas sector and a solid employment rate, it’s safe to say Calgarians are looking to buy, buy, buy. With the city implementing a less-sprawl strategy, and renewed focus on entry-level offerings, things are looking rosy in the wild west.
Buy first, or sell first? This is one of the biggest stresses for sellers. Unless you time both the purchase and sale perfectly, you could end up in one of two scenarios: living in a motel temporarily, or paying two mortgages at the same time. Here are a few things you can do to avoid this dilemma.