Calgary home sales continue to soar despite higher interest rates - Calgary | Globalnews.ca

The real estate firm told Global News not only is Calgary headed for another record-setting sales month in July, but many of the homes listed are also still receiving multiple offers.Cantius said while that is great news for sellers, buyers are facing some big challenges. Cantius said those challenges include homes being sold as soon as they’re listed and multiple bids that lead to bidding wars.

Click to share quote on Twitter: "For a lot of buyers, they're looking at six or seven attempts before they're able to secure a property."The Fielder family didn’t have to try that many times, but did get shut out three times. “It was challenging,” Darren Fielder told Global News. “Things would go up on market and would be sold within a day.”

The local teacher was looking for a home close to his current rental so his son could stay in the same school. He was also looking for a home under $400,000 — a tough find these days in Calgary. Fielder said he pulled out all of the stops on the fourth home he saw.His aggressive approach worked. The Fielders got the home, just blocks from his current one and are set to move in next week. Fielder said the family is making a quick move but added his “hand was forced.

“We looked at everything, and anything,” he said. “We put bids on anything and everything — even if it wasn’t ideal.”

Source: Loan Digest (loandigest.net)

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