“It’s certainly a very different story from just a few years ago. “It’s going to take awhile to reach more balance between buyers and sellers,” Lurie says, comparing current conditions to the pre-pandemic market. The Benchmark Apartments are conveniently located close to the Baylor Campus on the corner of 10th and James. Yet with inventories still falling, down 23 per cent from last May, prices are likely to continue to rise - though not as sharply as before. Lurie also expects demand to remain strong even as mortgage costs rise with recent interest rate hikes by the Bank of Canada. “We will see a slow down into the summer months, but if there continues to be a lack of homes, this sellers’ market will continue.” Benchmark Property Management - Whitehorse - phone number, website, address & opening hours - YT - Apartment Rental, Apartments, House Rentals. “Inventory is still low in most areas there are still a record number of monthly sales, and we are now seeing more local Calgarians come out of the woods … starting to make moves,” says Chamberlain, broker/owner of Chamberlain Real Estate Group. New retail storefronts & residential apartments in desirable, high demand Elmwood Village, Buffalo, New York. “The decline in single-family sales was really driven by the under $500,000 side of the market, due to the fact there isn’t a lot of supply.”Īlthough activity decreased from the fever pitch in early spring, local realtor Jared Chamberlain does not expect Calgary will see a significant slowdown expected for larger centres like Toronto.
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