Mike Ouellette : RE/MAX Realty Professionals : Archived blog posts for : 2020

McKenzie Lake Market Snapshot for November 2020

Posted on December 4, 2020 by Mike Ouellette

Client Newsletter - December 2020

Posted on December 3, 2020 by Mike Ouellette

This will be the last newsletter for the year, so I wanted to take the opportunity to wish you and your family a very Merry Christmas and all the best for the year ahead. 2020 has been a challenging year for many and very different for others and I hope that 2021 brings some joy back into your lives.

I also wanted to say a heartfelt Thank You! Things were very different in the Real Estate market this year, but it was also a testament to how valuable my clients are. My business this year has been over 70% repeat and referral, and I just wanted you to know how grateful I am for that. Tough times always reveal who is most important to you, and this year has shown me that again, in spades!

Now, on to what's happening in the Calgary and area market:

For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent lower than last year's levels.

New listings continue to slow, reducing inventory in the market. On a year-to-date basis, new listings have eased by nearly ten per cent and are at the lowest level recorded since 2001. This has reduced the oversupply that has been impacting the market for nearly five years.

"The gains in sales in the latter part of this year have been a bit surprising considering the job losses and unemployment rate in our city," said CREB® chief economist Ann-Marie Lurie.

"However, it is important to note that the shift to more balanced conditions has been mostly driven by the reduction of supply."

First time buyers are still a large part of the market, due to historic low interest rates. It seems like a good time for the younger group to enter the market. I have a very specific strategy for first time buyers to help insulate them from any market shocks, so if you would like info on that, just let me know.

This months CREB stats report can be accessed by clicking here:

Hope you are having an awesome day!!

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For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain

Posted on December 2, 2020 by Mike Ouellette

For the full Calgary Real Estate Market stats for November 2020, click here:

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New property listed in High River

Posted on December 2, 2020 by Mike Ouellette

Posted in High River, High River Real Estate

I have listed a new property at 1612 Riverside DRIVE NW in High River.

See details here

Super clean, move in ready bungalow in NW High River backing to walking path. Features include open floor plan with vaulted ceilings, hardwood floors on main level, large kitchen with center island, 2 large bedrooms up (total of 4), 3 full baths, fully finished basement with rec room, fireplace, 2 bedrooms and a full bathroom. Recent upgrades include counter top over washer and dryer, phantom screen door, sun reflecting film on front window, newer high efficient furnace, newer basement windows, newer hot water heater, upgraded light fixtures and more!

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Mike Ouellette

McKenzie Lake Market Snapshot for November 2020

Client Newsletter - December 2020

For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain

New property listed in High River

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Mike Ouellette