Realtor says Calgary’s high-end homeowners are selling

Realtor says Calgary’s high-end homeowners are selling

Realtor says Calgary’s high-end homeowners are selling Owners of some of the most expensive properties in Calgary are keen to sell rather than risk a downward spiral of their homes’ values. Realtor Thomas Keeper of Tink International Real estate told the Globe and Mail that the pre-Christmas period was “one of the busiest Decembers” he’s known and says that the situation was not one he’d seen before. While there has been a slowdown in sales and an increase in listings in Calgary across all property types realtors are not generally reporting panic-selling however Keeper concludes that for the higher-value property market: “People were selling their homes right before the market was really starting to crash.” Read the full story.


 
6 Comments
  • Jerry Quigley 2015-02-05 7:44:34 AM
    Ms MacKenzie says she is getting desperate...... you have to wonder why that is. It seems it is her parents home, and with a reverse mortgage there is no mortgage payment and probably no property tax payment. Would the reporter care to ask those obvious questions rather than fear mongering. If it were her own hard earned equity, does anyone think she would be asking 900K for a 1.5M home? Worse yet, this home may sell, then the realtors have a COMP to wave around to get your price down.
    Post a reply
  • John S. 2015-02-05 11:26:43 AM
    .....to get your price down to real values instead of unrealistic ideas of a costs of brick and mortar.
    Post a reply
  • John S. 2015-02-05 11:31:00 AM
    And that's if you are lucky and your home is not made out of substandard materials like vinyl siding originally designed for garden sheds. Just about time for this non sense to be over.
    Post a reply