Demographic information for Town of Vulcan

There is a link to the Town of Vulcan website which shows the demographic information for our town. You can either just click on the title of this post, or check out www.townofvulcan.ca, go to the heading Your Town, and to the right, you will see Community Services. Under that, you will see Community Demographic Profile. That is where you see all the information. It shows median age, median household income, marital status, population and more!

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.