Market Update – May 2017

Market Update – May 2017

May 2, 2017
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Do you know what the average price for a home in Alberta is?

Do you know how the average price of homes in Alberta compares to the average price of homes nationally?

As a Red Deer mortgage broker serving clients throughout Alberta, this is exactly the sort of information I gather to make sure that I am prepared to the best of my ability when it comes to serving my clients and helping them finance the home of their dreams.

I want to make sure that all my clients get the most competitive rates available to them and I am determined to use my professional lending contacts, my experience in the mortgage industry and my regularly updated market knowledge to make that happen.

To answer the questions above, the average price of homes sold in Alberta, during March 2017, was recorded at $404,804, while the average price of homes sold national, during the same month, $548,517.

Both of these figures are increases from the year before, with the average for Alberta rising 3.2% and the average for the Nation rising 8.2%, year over year.

In comparison with the national average, Alberta home prices are slightly lower than most other areas in Canada and are rising at a much slower pace.

This is great news for anyone looking to make a move to Alberta!

As a Red Deer mortgage broker with the backing of Dominion Lending Centres, I am proud to be able to help my clients purchase their dream homes in this wonderful city!

Whether you are interested in purchasing a home or in renewing or refinancing your existing mortgage, I have the skills and experience needed to make the mortgage process as quick and painless as possible, while saving you the most amount of money.

Give me a call if you would like more information or to set up your mortgage consultation today!



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