Insight on the market
If you are considering a home in Walden, now is the perfect time to buy a new Cardel! With interest rates near record lows, attractive new home designs not found on the resale market and great traditional park lots still available, it’s an attractive time to build. Direct access to Fish Creek Park, extensive paths and walkable amenities, make Walden a great place to live.
In the 2021 CREB® Forecast Summary, their Chief Economist Ann-Marie Lurie says, “Reduction in supply relative to sales is the primary reason the Calgary housing market returned to more balanced conditions by the end of 2020. The pullback in new listings relative to sales activity resulted in inventory levels falling to the lowest levels seen in the past several years. It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand. People are recognizing the value in home purchases because they are seeing the added need for space in their personal life situation. More room for kids and offices, living closer to parks and all-around more space.”
We continue to see families moving from out of province also, taking advantage of today’s Calgary market. “The affordability equation is much more favourable in Alberta than it is in other parts of Canada right now,” says Will Dunning, chief economist with Mortgage Professionals Canada, representing the nation’s mortgage brokers, lenders and insurers.
We continue to see demand for bungalows and our greenspace amenity lots, with only nine lots remaining. Our stylishly affordable laned homes start from the $380s, and only nine opportunities are currently available.