We break down everything you need to know about the current real estate market over coffee:
✅ Interest Rate Update– BoC holds at 2.75% (as of June 5)– Stability is key; buyers should act before rates drop and competition rises– Next rate announcement: July 30
✅ Alberta & Calgary Market Snapshot– Showings down 20% YoY across Alberta, but steady– Calgary showings down 4%, sales up 7%– Strong activity in the $500K–$800K range– Inventory at 96% of normal, especially in $700K–$1M– Entry-level homes still in short supply
✅ Advice for Sellers– It’s all about patience or pricing– Be competitive, but don’t panic– When you get an offer, consider the bigger picture—not just the number
✅ Industry Buzz: Eric Drinkwater Lawsuit + RE/MAX Central Closure– Major brokerage news with RE/MAX Central shutting down– Ongoing lawsuit involving agent Eric Drinkwater– ⚠️ Tip for Buyers/Sellers: If you’re in a deal with a RE/MAX Central agent, ask for your deposit to be held in your own agent’s brokerage trust account
✅ Final Thoughts– This isn’t a wild market, but it’s still moving– Smart strategy and good prep will win– Time your life—not the market
