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CALGARY - Christina Hagerty sensed the housing market was turning around, but, after finding a home for a recent client, the Calgary realtor said the signs are now unmistakable.
"Anything we saw right away had competing offers or it was sold the next day," she said.
"It was crazy; definitely the stampede was around the $400,000 to $500,000 range."
It`s not the heady days of 2007, but after last fall`s doldrums, confidence is definitely returning to the housing market, both in the form of higher prices and more sales as buyers are coaxed into the market by low mortgage rates.
A report released Monday by Re/Max said recovery is well underway in Canada`s key housing markets, including Calgary, as pent-up demand, cheap mortgage rates and lower prices help fuel a surge in sales.
"There`s not a frenzy per se, but people are definitely feeling comfortable and, for the right property, there are competing offers," said Hagerty.
Read the full article here.
"Anything we saw right away had competing offers or it was sold the next day," she said.
"It was crazy; definitely the stampede was around the $400,000 to $500,000 range."
It`s not the heady days of 2007, but after last fall`s doldrums, confidence is definitely returning to the housing market, both in the form of higher prices and more sales as buyers are coaxed into the market by low mortgage rates.
A report released Monday by Re/Max said recovery is well underway in Canada`s key housing markets, including Calgary, as pent-up demand, cheap mortgage rates and lower prices help fuel a surge in sales.
"There`s not a frenzy per se, but people are definitely feeling comfortable and, for the right property, there are competing offers," said Hagerty.
Read the full article here.