2024 HOLIDAY FOOD DRIVE SUCCESS!
Posted on Dec 16, 2024 in Team News
Once again, we are blown away by our clients' generosity and giving spirit! Despite challenging economic times, many of you have shown us your willingness to give back despite tough times. We set our goal at $10,000 this ye...
DECEMBER 2024 MARKET UPDATE
Posted on Dec 02, 2024 in Market Updates
As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirror...
NOVEMBER 2024 MARKET UPDATE
Posted on Nov 01, 2024 in Market Updates
Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 percent above long-term trends for the month.
“Housing demand has stayed relatively strong in our market as we move into the fourth qua...
HOME HEATING TYPES EXPLAINED: PROS & CONS FOR CALGARY HOMEOWNERS
Posted on Oct 29, 2024 in For Homeowners
Understanding your home...
NEW MORTGAGE REFORMS
Posted on Oct 02, 2024 in Real Estate News
Many Canadians work hard to achieve the dream of owning a home. Yet, skyrocketing mortgage payments have made homeownership increasingly difficult, especially for Millennials and Gen Z. To address this challenge, the Canadian government has rolled out significant mortgage reforms aimed at making homeownership more accessible, particularly for first...
OCTOBER 2024 MARKET UPDATE
Posted on Oct 01, 2024 in Market Updates
Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 percent below last year's record high. Despite the decline, sales this month were still over 16 percent higher than levels traditionally achieved in September.
“We are starting to see a rise in new l...
KEY CHANGES TO THE R-CG ZONING BYLAW
Posted on Sep 05, 2024 in Real Estate News
Blanket rezoning was passed (with amendments) on a 9-6 vote earlier this year, and it is now officially in effect as of August 6th.
WHAT DOES THIS MEAN?
- R-CG is now the citywide base low-density residential zone.
- R-G is now the base low-density residential zone in developing areas.
- H-GO zoning has been implemented in areas identified in approved Local...
SEPTEMBER 2024 MARKET UPDATE
Posted on Sep 03, 2024 in Market Updates
Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.
“As expected, rising new home construction and gains in new listings are starting to suppor...
SEMI-ANNUAL REPORT - 2024 Vol 2
Posted on Sep 01, 2024 in Market Reports
If you have been keeping up with our monthly e-newsletter, you already know we experienced an extremely hot real estate market throughout the first 6 months of 2024. Tight market conditions led to plenty of multiple offers and significant price appreciation right through the end of June. Since then, things have cooled off slightly, although the mar...
CALGARY'S "TOP" NEIGHBOURHOODS
Posted on Aug 02, 2024 in All About Calgary
NEW MORTGAGE OPTIONS FOR NEW HOMES
Posted on Aug 02, 2024 in Real Estate News
Starting August 1, 2024, homebuyers in Canada will have a new mortgage option available for newly built homes. This initiative, introduced by the Canadian Mortgage and Housing Corporation (CMHC), aims to support affordable homeownership by offering insured mortgages with a 30-year amortization period, when it was previously a 25-year amortization p...
AUGUST 2024 MARKET UPDATE
Posted on Aug 01, 2024 in Market Updates
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 percent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 percent below what we typically see in July, but the first time they have pushed above 4,00...
CALGARY Q2 2024 MARKET UPDATE
Posted on Jul 22, 2024 in Market Updates
The...
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...
SELLING YOUR SHORT-TERM RENTAL
Posted on Jun 21, 2024 in For Sellers
Selling your short-term rental property can open up new opportunities, whether to capitalize on financial gains, simplify...
NEW SECONDARY SUITE INCENTIVES
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...
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...
SHOULD I BUY BEFORE SELLING?
Posted on Jun 03, 2024 in For Buyers
ALL ABOUT NEW HOME WARRANTIES
Posted on Jun 01, 2024 in For Buyers
CALGARY Q1 2024 MARKET UPDATE
Posted on May 27, 2024 in Market Updates
City of Calgary, May 24, 2024 - Calgary’s housing market remains a hot spot in the country, driven by record-high international and interprovincial migration over the past two years. This influx has significantly increased housing demand. Employment gains and relative affordability continue to attract people to the province, resulting in strong
sale...
CALGARY PASSES CITYWIDE RE-ZONING
Posted on May 15, 2024 in Real Estate News
