Nationally, the average house value in Canada has dropped 10 percent, however, Airdrie's housing market remains almost unmoved. 

First quarter sales totalled 264 units in Airdrie, that number is slightly lower than last year but compared to the long-term average. New listings remained well above the long-term average which are keeping inventories at record level highs on a quarterly basis. 

According to Tammy Forrest, Real Estate Agent for Remax First, because of the new rules implemented this year, it's making buying and selling homes harder on Airdrie residents.

"Since January the stringent borrowing conditions have made things way more difficult for buyers which makes things more difficult for sellers." 

Excess supply of real estate weighed on home prices. The unadjusted benchmark price for detached homes in Airdrie in the first quarter averaged $373,167.  That number is one percent below the previous quarter.

Overall prices in the detached sector remain five percent below previous highs. 

Forrest says that Spring is the most active market in real estate which contributes to an excess of inventory.

Questions, comments or story ideas? email us at [email protected] 

More Local News

Airdrie MLA and NDP Minister End Up In A Twitter War

The back and forth bickering between the Alberta NDP and the United Conservative Party hit Airdrie recently.

Blood Clinics Held As Often As Possible in Communities Like Airdrie

After a story on Discover Airdrie last Monday (July 16th) an Airdrie resident questioned the blood shortage being experienced during the summer and asked if Canadian Blood Services had ever tried to…

Airdrie Man Charged Following Border Seizure

An Airdrie man has been charged and arrested following a seizure at the border by members of the Canada Border Services Agency (CBSA).

Supplies 4 Success is Back!

The Supplies 4 Success program is back for another year.

Man Locks Himself Inside Shell Gas Station Following Vandalism

A man has been arrested after a stange incident that took place right on Main Street.

Construction on Yankee Valley Nearing Completion

The construction on Yankee Valley between Bayside Gate and 24th street is almost wrapped up.

Town of Carstairs Continues to See Growth

The town of Carstairs has continued to see growth in its residential and commercial sector year after year.

The Hot Dog Effect

Humans aren't the only ones that are being affected by the warm weather.

Summer Sparks Blood Product Shortage

Let's face it, during the summer we are all less disciplined. Our regimes all take a bit of a hit. Exercising, eating right, getting to bed on time are often put on the back burner.

Block Parents Makes a Comeback in Airdrie

For over a decade Block Parents, the once popular and important group where members opened their doors for children in need, went dark in Airdrie.

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login