Lethbridge Real Estate - Buying and Selling Houses, Homes, and Investment Property
The market in Southern Alberta follows some seasonal trends which seem to be so reliable on a year after year basis that you can bank on them. Yes, we are still affected by global real estate market trends and the economics of the Province of Alberta, Canada, and the US. We are also affected by commodity prices such as Oil and Agriculture products, as they are such a huge part of local economy. Interest rates which are set by the Bank of Canada also play a role in what happens to local home prices as it affects affordability.
One of the unique factors which has a strong and noticable influence on our Lethbridge housing marketplace is the large number of students and staff of the 2 large post secondary institutions. Between the University of Lethbridge and the Lethbridge College the economic impact on the City is amazing.
Every spring when school lets out, the City economy suffers, vacancy rates rise, business slows down. Every fall when the students return, the city wakes up, rental properties fill up, local businesses feel the impact of new money and new customers descending on Lethbridge. They create jobs, buy goods, fill restaurants and pubs.
Lethbridge real estate prices fluctuate with the movement of the students. This is due in large to the rise and fall of real estate rents and occupancy rates. When rents go up then investors are more attracted to rental property and the income numbers become more attractive. If you have an interest in rental property, you are best to pay attention to this trend. Buying and selling at the appropriate time can make the difference of tens of thousands of dollars. Make sure you work with an experienced mortgage and real estate professional. If I can be of assistance to you contact me directly at 403.330.3039 or at any of the contact info on this page. I have many years experience helping people buy rental property, sell rental property, or make real estate investment into revenue producing income properties.
Here are some local websites which I am going to help send some linklove to.