Central Alberta Realtors Assocation president Dawn Parent

Central Alberta Realtors Assocation president Dawn Parent

Central Alberta realtors expecting good year in 2014

The new president of the Central Alberta Realtors Association anticipates good things in 2014.

The new president of the Central Alberta Realtors Association anticipates good things in 2014.

“We expect a really good year, a really strong year,” said Dawn Parent. “I think that just shows that the confidence of people, throughout Alberta, is coming back.”

That confidence reflects Alberta’s strengthening economy, she said, which in large part is being fueled by the energy sector.

Parent believes 2013, which saw home sales in Red Deer increase by 7.2 per cent over the previous year, marked the transition to a more balanced market.

“I think it will stay balanced,” she said, “except maybe in some of those areas where the inventory is low.”

For 2014, Parent is predicting sales growth of about four to five per cent. She described this as being “fairly stable.”

“I don’t expect a huge increase in prices,” she said, estimating an average rise of about $10,000 over 2013 prices across Central Alberta.

Parent noted, however, that the situation will vary from community to community.

In Lacombe, for instance, where she is based as a Realtor with Re/Max Real Estate Central Alberta, the inventory of listings is low — which could push prices up.

She contrasted that with the numbers in Red Deer.

“Right now Red Deer has, I think, a fair amount of inventory and there are lots of new builds going up.”

When it comes to specific types of housing, Parent thinks supplies of single-detached homes in the $250,000 to $350,000 range will be tight.

“There are a lot of buyers out there that are looking in that price range and there’s not a lot available.”

Not only are first-time home-buyers interested in such houses, in many cases motivated by a scarcity of rental accommodation, other people simply like the idea of minimizing their mortgage debt — particularly with the economic downturn still fresh in their minds.

“They’re being a little more cautious about how much they’re borrowing and how much they can afford for payments.”

Parent also sees the in-migration of people to Alberta as boosting demand for less-expensive homes.

Many newcomers want to establish themselves before buying a big home, or choose cheaper homes until they can decide where and how they want to live.

Parent has also observed a growing demand for homes in multi-family dwellings like townhouses and condominiums.

“That’s happening in Calgary, that’s happening everywhere.”

For people who are planning to purchase a home, Parent recommends that they get their financing approved before starting their search. This will ensure they know what they can afford, and reduces the risk of a deal going sour

“The banks are tightening up, and we’ve had a lot of deals fall due to financing.”

Parent grew up in Ponoka, but has lived in Lacombe for the past 35 years. She previously worked in the banking industry, and spent more than two decades on Lacombe municipal council.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer County's municipal planning commission gave approval for a new directional sign for a business located near Elnora.
(Image from Red Deer County)
Red Deer County garden centre and winery gets sign approved

Delidais Estate Winery and DA Gardens is located near Elnora

(Advocate file photo)
Red Deer County approves home-based hair salon

Salon would be located in rural residential area just west of Innisfail

A rodeo south of Bowden drew a huge crowd on May 1 and 2, 2021. (Photo courtesy Mom's Diner's Facebook page)
‘No More Lockdowns’ rodeo rally organizers charged under Public Health Act

RCMP issued a notice to appear in court for the organizers of… Continue reading

Red Deer city council has no immediate plans to discuss increasing penalties for non-compliance with the municipal mask-wearing bylaw. (Photo by THE CANADIAN PRESS/Darryl Dyck)
Red Deer not following Calgary’s example to hike penalties for COVID-19 rule-breakers

Mayor says an update on complaince complaints will soon be provided

A vial of the AstraZeneca COVID-19 vaccine is shown at a facility in Milton, Ont., on Wednesday, March 3, 2021. Alberta says it won’t give out more first doses of the Oxford-AstraZeneca vaccine for the time being.THE CANADIAN PRESS/Carlos Osorio - POOL
Alberta to stop giving first doses of AstraZeneca COVID-19 shot as supply dwindles

OTTAWA — Alberta says it won’t give out more first doses of… Continue reading

Alberta Premier Jason Kenney. THE CANADIAN PRESS/Jason Franson
Here is a list of latest COVID-19 restrictions in effect in Alberta

New mandatory health restrictions are now in effect in Alberta. Additional restrictions… Continue reading

Heidi Illingworth, federal ombudsman for victims of crime, takes part in an interview at her office in Ottawa on Thursday, Jan. 10, 2019. THE CANADIAN PRESS/Sean Kilpatrick
Watchdog worries federal benefit for parents of missing, murdered kids going unused

OTTAWA — The federal ombudsman for victims of crime says she remains… Continue reading

Labour Minister Harry Bains arrives at B.C. Legislature in Victoria, B.C., on Monday, June 26, 2017. THE CANADIAN PRESS/Chad Hipolito
British Columbia to give workers three days of paid sick leave for COVID-19

VICTORIA — British Columbia will give all workers up to three days… Continue reading

Minister of Health Patty Hajdu responds to a question during question period in the House of Commons on Parliament Hill in Ottawa on Thursday, Nov. 26, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Coalition says users were shut out of drug decriminalization proposal, demands redo

Advocates are calling on the federal government and the City of Vancouver… Continue reading

Saskatchewan Premier Scott Moe waits in line at a COVID-19 vaccination drive-thru clinic at Evraz Place in Regina on Thursday, April 15, 2021. THE CANADIAN PRESS/Mark Taylor
Other provinces looking at Saskatchewan’s plan to tie COVID-19 vaccines to reopening

CALGARY — Neighbouring provinces are eyeing Saskatchewan’s plan to ease COVID-19 restrictions… Continue reading

This undated photo provided by the North Dakota Game and Fish Department shows a group of bighorn sheep in North Dakota. Alberta’s environment department has known for years that toxins from old coal mines are contaminating populations of the province’s official animal, the bighorn sheep. THE CANADIAN PRESS/AP-Craig Bihrle/North Dakota Game and Fish Department via AP, File
Alberta government knew bighorn sheep contaminated with coal mine selenium: scientist

EDMONTON — Alberta’s environment department has known for years that toxins from… Continue reading

Prime Minister Justin Trudeau holds a news conference at Rideau cottage in Ottawa, on Friday, March 13, 2020. THE CANADIAN PRESS/Fred Chartrand
Trudeau rejects Alberta cabinet minister accusation he wants COVID health disaster

EDMONTON — Prime Minister Justin Trudeau is rejecting an accusation from Alberta’s… Continue reading

In this June 8, 2017, file photo, fresh nuts, bolts and fittings are ready to be added to the east leg of the pipeline near St. Ignace, Mich., as Enbridge prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich. THE CANADIAN PRESS/AP-Dale G Young/Detroit News via AP, File
On eve of deadline, Canada makes case in court to keep Line 5 pipeline running

WASHINGTON — The federal government is stepping up its fight with Michigan… Continue reading

Denis Shapovalov, of Canada, tosses the ball for a serve to Ilya Ivashka, of Belarus, during the Miami Open tennis tournament Saturday, March 27, 2021, in Miami Gardens, Fla. THE CANADIAN PRESS/AP/Wilfredo Lee
Canadian Denis Shapovalov books spot in second round of Italian Open

Shapovalov to face world Stefano Travaglia, of Italy

Most Read