Sylvan Lake Market Update – December 31, 2017
Posted by Jay McDouall on
Similar to Red Deer, sales in December were down compared to November & definitely up from 2015. 2017 has predominantly been in a Buyer’s market & a good number of buyers have taken advantage of the depressed property values.
The Alberta economy grew at more than 4% in 2017 which means that we are moving ahead of our initial slump in 2015 and 2016. The economy is predicted to grow again in 2018, but at a reduced rate of about 2%. We may not experience a major upswing in the economy this year, but it doesn’t hurt to be optimistic for 2018 activity levels.
Yes, more & more mortgage changes are leaving consumers on the side lines & slightly confused. Interest rates have the potential to increase even further this year. It is strongly suggested that…
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