Calgary Real Estate Update: Q1 2023 Overview

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What is going on in the Calgary Housing Market? I break down the Q1 numbers and give you my honest thoughts. Sales activity has behaved as expected through the start of 2023 and slowed by 43 percent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains. While no further rate gains have occurred so far this year, the higher lending rates and limited supply choice are contributing to some of the pullbacks in sales. Nevertheless, despite the decline, sales activity has remained well above pre-pandemic levels thanks to recent gains in migration coupled with a stronger employment market.

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📚 *Video Chapters* 📚

00:00 - Calgary Real Estate Overview for Q1 2023
01:03 - Table of Contents for the Q1 2023 Report Recap
01:33 - The City of Calgary Update Q1 2023
05:29 - City of Calgary Economic Update for Q1 2023
10:35 - Single Family Update Update for Calgary Q1 2023
12:00 - Semi-Detached Homes First Quarter Update Calgary 2023
12:53 - Calgary Townhouses in Q1 2023 Market Report
13:53 - Calgary Condo Update for Q1 2023 Real Estate Report
15:14 - Surrounding Area Recap for Calgary Real Estate
15:47 - Airdrie Alberta Real Estate Update 2023
16:09 - Cochrane Alberta Real Estate Update 2023
16:25 - Okotoks Alberta Real Estate Update 2023
16:30 - Chestermere Alberta Real Estate Update 2023
16:39 - High River Alberta Real Estate Update 2023
16:55 - Strathmore Alberta Real Estate Update 2023
17:09 - Rural Rockyview Real Estate Update 2023
17:22 - Canmore Alberta Real Estate Update 2023
17:30 - Southern Alberta Real Estate Recap for 2023

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*Calgary Realtor*
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📱 403-561-8747

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