25 Mar The Impact of Tariffs on Houses in Calgary Canada
The Calgary real estate market is feeling the effects of Canada’s ongoing trade war with the U.S. As economic uncertainty grows, homebuyers and sellers are taking a more cautious approach, creating a noticeable shift in market activity. If you’re looking at houses in Calgary Canada, it’s important to stay informed to ensure you put your best foot forward.
Buyers in Calgary are Hesitant
February saw a sharp decline in home sales across Canada, dropping 10% compared to January. This marks the lowest sales level since November 2023 and the most significant monthly drop since May 2022. Experts are attributing the drop to tariffs imposed earlier this March by the United States. As a result, many buyers are adopting a wait-and-see approach before resuming their home-buying/selling goals.
Despite the cautious approach, the Calgary market isn’t grinding to a halt. Instead, buyers are becoming more strategic. Many are looking for ways to maximize their investment, whether by downsizing, seeking properties with long-term value, or waiting for the right moment to re-enter the market.
Sellers, too, are adapting. With economic conditions shifting, those listing their homes are taking extra care in pricing and marketing their properties effectively. Well-prepared homes in popular Calgary neighbourhoods are still selling, but it’s clear that buyers are more selective than they were just a few months ago.
Even with economic concerns, Calgary remains one of Canada’s most attractive cities for homebuyers. Compared to other major metropolitan areas, housing still remains relatively affordable! Alberta’s lower cost of living and strong job market continue to entice buyers, particularly those relocating from other provinces.
Contact me Today About Houses in Calgary Canada
As a buyer or a seller of houses in Calgary Canada, it’s so important to keep up to date with the latest market news. With economic policy changing and foreign relations evolving, you’ll want to stay tuned to my blog and social media for the most current updates and information about the Calgary market. If you have any questions about buying or selling, be sure to contact me today!