Community Association Dues - 2019

Just a reminder that the community association dues for 2019 have increased to $175 per month, which is $2100 per year.  This is the second year of the two year planned increase. as discussed in the Fall 2018 AGM.  You can click on the title of this post and it will take you to the Lake McGregor Resort website for find out more information, including a list of properties currently on the market at the resort.

Supply vs Demand

We have been hearing more and more of this over the past several months - supply versus demand. There is a larger supply of inventory on the real estate market than there is demand. The result is that buyers can be more picky when they are shopping around and they can take their time to shop. There is not a lot of competition amongst the buyers. There is more amongst the sellers. DOM - Days on Market - is the time it takes for a property to sell. Even in larger centres such as Calgary and Airdrie, there average days on the market is larger than it used to be. In Vulcan, we are looking at an average of 134 days for a residential property to sell. Does it necessarily mean that these properties are no good, that they have "issues"? No. It may mean that there is just not much of a market for those properties right now (not many buyers). Of course there could be some properties that are just priced too high, or some that do have "issues", so that's where buyers and their agents need to do their homework in order to make an informed decision.