By: Doug Cabral

April Myth Buster

Tags: YYC, CALGARY, REALTOR, REAL ESTATE, DOUG CABRAL, ROYAL LEPAGE, BENCHMARK, MYTHBUSTER

Myth: 

I'll net a better sale price for my home if I wait for this lockdown to be over and hold off selling until later in 2020.

 

Bust: 

When the lockdown is over there will be an increase in activity. What there also will be is more listing competition.  With effects from the lockdown and low oil pricing, YYC is forecast for further price declines of ~3% throughout 2020. Effects on 

pricing always lag a few months behind changes to real estate & economic activity as well as consumer confidence.

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