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Wednesday, August 4, 2021
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Lethbridge & area real estate sees surge in home sales despite pandemic

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If there is one industry making a big COVID-19 rebound locally, it’s the real estate sector.

Cathy Maxwell with the Lethbridge and District Association of Realtors (LDAR) says they’ve been seeing record home sales over the past three to four months. She notes in September, sales were an amazing 61% higher across the Lethbridge board region, compared with the same month in 2019 and when it comes to year-over-year numbers (Jan.-Sept.) sales are up roughly 9% overall.

“Those are fantastic numbers,” says Maxwell. “At the beginning of the year we were logging around 8, 9, 10 months of inventory. We’re down right now to three-and-a-half months of inventory. It’s a balanced market right now, but heading toward a sellers market (locally) for sure.”

Maxwell says it remains to be seen whether this red hot housing market can sustain itself this fall, but for the time being it’s very busy even with the pandemic still very much with us.

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“As COVID progresses you wonder if there will be any more lockdowns. We hope not. But it doesn’t seem to be affecting the real estate market. There are other factors (as to why sales are strong). Interest rates on bank loans are so low. It’s a great time to buy real estate or upgrade, but it’s anyone’s guess as to what will happen (in the months ahead),” stated Maxwell.

The average price for a home in the Lethbridge area has gone up to around $306,000.

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of New Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

On a personal note, Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and funeral assistant since 2016.

Pat is engaged to Tarah and he has two kids and two step-children.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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