As the dust settles following Canada’s federal election, and with the possibility of new tariffs looming, many Calgarians are feeling uncertain about their next move in the real estate market. Whether you're considering buying your first home, upgrading, or selling, it’s understandable to feel hesitant in the current climate.
The good news? With the right information and a clear understanding of your goals, this market still presents opportunities—and not just challenges. Here’s some quick, unbiased advice.
Understanding the Landscape
Let’s break down what’s happening:
Election Impact: This is tricky as it will take time to really understand the impact of the re-elected government, and broader housing policies—like supply-side measures and development incentives—will take time to roll out.
Tariff Uncertainty: Talk of increased tariffs on imported materials (like lumber and steel) is creating concern around construction costs. This could potentially slow new housing development or push prices up on new builds in the coming months.
Interest Rates & Demand: While interest rates are expected to stabilize or drop slightly, buyer demand remains steady, particularly in affordable segments. Calgary continues to be one of the most cost-effective major cities in Canada for real estate.
If You’re a Buyer
1. Take Advantage of Current Incentives
If you’re a first-time buyer, take advantage of any home buyer incentives. Combine that with lower-than-average home prices in Calgary, and you have a rare opportunity to enter the market more affordably.Non-first time buyers currently have more options to choose from as the inventory levels have risen significantly. I suggest acting on this promptly as buyer demand will likely increase further, eating into the current inventory.
2. Secure Your Financing Early
In uncertain times, pre-approvals are your best friend. Locking in a rate now can protect you against unexpected changes in the lending environment. This is crucial.
3. Think Long-Term
Don’t try to time the market. If the home you’re buying fits your needs and budget, and you plan to stay in it for a while, slight market fluctuations won’t matter much in the long run.
If You’re a Seller
1. Focus on Presentation
With buyers feeling cautious, your home needs to stand out. Invest in staging, decluttering, and simple upgrades like fresh paint or lighting—these small steps can yield significant ROI.
2. Price Strategically
Now more than ever, accurate pricing is critical. Overpricing your home could cause it to sit longer than necessary, while competitive pricing can generate strong interest—even in uncertain times.
3. Know That Demand Is Still There
Inventory levels in Calgary remain relatively tight, especially for homes under $700,000. Buyers are still active, and well-priced, well-presented homes are still selling quickly.
Final Thoughts: Confidence Through Clarity
Yes, there’s uncertainty. But uncertainty shouldn’t mean inaction—it means being informed and strategic. Whether you’re buying or selling, now is the time to get clear on your goals, understand the current dynamics, and move forward with confidence.
If you’re feeling unsure about what the recent election results or tariff talk might mean for your real estate plans, I’m here to help. Let’s chat about your situation and walk through your options.
📞 Call or text me at 403-479-8990, or send an email to stuart@therecyyc.ca.
I’m always happy to help you make smart, confident decisions—whatever the market is doing.
