THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

JULY 2024 MARKET UPDATE

Posted on Jul 02, 2024 in Market Updates



Sales in June reached 2,738, a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.

“The pullback in sales reflects supply challe...

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SELLING YOUR SHORT-TERM RENTAL PROPERTY

Posted on Jun 21, 2024 in For Sellers



In recent years, short-term rentals have gained immense popularity, thanks to platforms like Airbnb and Vrbo, with many property owners finding success. However, as circumstances change, selling may become the right move for you.  

Selling your short-term rental property can open up new opportunities, whether to capitalize on financial gains, simplify...

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SECONDARY SUITE INCENTIVE PROGRAM

Posted on Jun 15, 2024 in Real Estate News



If you're considering adding a legal secondary suite to your home or future home, we have news for you! The City of Calgary is working hard to combat the housing crisis and provide more housing for Calgarians, both veterans and newcomers, by offering an incentive to encourage and assist homeowners in building legal secondary suites. The Secondary S...

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JUNE 2024 MARKET UPDATE

Posted on Jun 04, 2024 in Market Updates



In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one percent below last year's record high, it is 34 percent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limite...

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SHOULD I BUY BEFORE SELLING?

Posted on Jun 03, 2024 in For Buyers



Should you buy first or sell first? Sometimes this feels a bit like asking whether the chicken or the egg came first. The answer to the buy/sell dilemma has so many variables attached to it, but it's definitely not a hopeless loop of circular reasoning if you look at the current market. And perhaps if we remove the should or should not vocabulary a...

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NEW HOME WARRANTIES EXPLAINED

Posted on Jun 01, 2024 in For Buyers



If you're thinking about buying/building a brand new home, are you confident in your knowledge of the new home warranty that comes with it? As the resale market in Calgary keeps tightening, new builds are increasing in popularity, so it's more important than ever to make sure you know what you're getting. There's a lot to know, but the good news is...

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