Urban Upgrade & NewInfills - Recent Articles

QUICK & EASY MODERN UPDATES

Posted on May 12, 2023 in Home & Decor Tips

As time passes, it's natural to become bored with the style or decor of your home as trends evolve and your personal preferences change. However, you don't have to tolerate a stagnant look! There are simple and affordable ways to give your home a modern touch without requiring extensive expertise or a significant budget. We'd love to share some of...

AN ARENA DEAL HAS BEEN REACHED!

Posted on May 02, 2023 in All About Calgary

Since the announcement on April 25, 2023, that a deal for a new arena was reached, it's been a point of political contention. A new arena is something Calgarians have been wanting, needing, and discussing for at least a decade, and now that it's finally on the horizon, there are mixed emotions among the population on whether the terms of the deal a...

MAY 2023 MARKET UPDATE

Posted on May 01, 2023 in Market Updates

Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city.

“While sales activity is performing as expected, the steeper pullback in ne...

CALGARY Q1 2023 MARKET UPDATE

Posted on Apr 28, 2023 in Market Updates

CREB, April 2023 - Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains.

“Wh...

TOP 15 HOME STAGING TIPS

Posted on Apr 06, 2023 in For Sellers

Are you preparing to sell your home? Regardless of the current real estate market climate, it's always a good idea to stage your home for listing purposes. According to home staging expert Alyssa Tavazoie of Alyssa Interiors in Toronto, if you want your house to look like it's worth every penny of the (substantial) sum you're asking, putting your h...

APRIL 2023 MARKET UPDATE

Posted on Apr 03, 2023 in Market Updates

Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly...

MARCH 2023 MARKET UPDATE

Posted on Mar 01, 2023 in Market Updates

Consistent with typical seasonal behaviour sales, new listings, and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

“While higher lending rates are impacting sales acti...

CANADA'S NEW "ANTI-FLIPPING" TAX: WHAT YOU NEED TO KNOW

Posted on Feb 28, 2023 in Real Estate News

On December 15, 2022, Bill C-32 received Royal Assent, which means that the new "anti-flipping" tax has now become law. This new rule applies to any "flipped" residential property sales occurring on or after January 1, 2023.

What is a "flipped property"?
A "flipped property" is a property that is located in Canada, would not otherwise be inventory o...

IS THE HOUSING MARKET HEADED FOR A CRASH?

Posted on Feb 23, 2023 in Real Estate News

National headlines have been talking about a housing market correction lately, and they sometimes use scarier terms like "housing crash" or "housing bust". We've seen major headlines talking about significant price declines already occurring, with stats stating a 20% or 30% price drop is on the horizon, which is jumping out to people and causing co...

HIGH INTEREST RATES HOLDING YOU BACK?

Posted on Feb 15, 2023 in For Buyers

Maybe the time has come to upgrade to a larger home or one that is a better fit for your lifestyle or location. Maybe the kids are gone, and it’s time to downsize to something that works better.

When interest rates start increasing, some people start to feel held back from purchasing a new home, especially if they have a lower rate locked in on th...

COMING SOON: DIGITAL ENERGY LABELS FOR HOMES

Posted on Feb 09, 2023 in Real Estate News

Alberta Ecotrust Foundation has partnered with Lightspark to launch the “Uncovering Real Estate Value through Digital Home Labels” pilot project that will automatically provide the first-ever digital home energy labels for all homes in Calgary and Edmonton.

Alberta Ecotrust Foundation, a charity that leads urban climate change action through their C...

THE BAN ON FOREIGN BUYERS EXPLAINED

Posted on Feb 03, 2023 in Real Estate News

MORE DETAILS RELEASED ON THE FOREIGN BUYERS BAN:

On Wednesday, December 21, 2022 the federal government released the supporting regulations on the Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyers Ban) which includes definitions, exceptions, and enforcement elements to help individuals understand and comply wit...

FEBRUARY 2023 MARKET UPDATE

Posted on Feb 01, 2023 in Market Updates

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there...

#1 TEAM IN 2022 AT RE/MAX HOUSE!

Posted on Jan 26, 2023 in Team News

Doing the happy dance over here!

We couldn't have asked for a better start to 2023 than with the news that we were the #1 Team at RE/MAX House of Real Estate for 2022! Although the last few years have been somewhat of a blur with the crazy market, and we've experienced many record-breaking moments, this achievement is one we are taking time to celeb...

BANK OF CANADA ANNOUNCES ANOTHER RATE HIKE

Posted on Jan 25, 2023 in Real Estate News

The Bank of Canada has started the 2023 market off with a bang by announcing its eighth consecutive variable rate increase in ten months. The 25 basis point hike isn't exactly a surprise, but this decision means the central bank's trendsetting rate is now sitting at 4.5% as the Bank of Canada continues its fight to curb inflation. The announcement...

CREB: 2022 MARKET SUMMARY & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates

Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic. Recent growth in migration and employment is expected to help offset the impact of higher lending r...

CREB: 2022 ECONOMIC REVIEW & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates

The aftermath of the pandemic, along with geopolitical issues impacting global energy markets, has left many countries facing challenges with inflation and rising interest rates. The persistent inflation in 2022 has triggered significant rate hikes from the bank of Canada this year, moving from 0.25 percent at the start of the year to 4.25 percent...

IS YOUR HOME AT RISK FOR RADON?

Posted on Jan 19, 2023 in For Homeowners

As we shared back in 2017, the University of Calgary's Cumming School of Medicine released a study about dangerous levels of radon gas in Calgary and Southern Alberta homes. The study proved that by Health Canada's standards, one in eight Calgary homes exceeds what is considered "acceptable" (200 Becquerel per cubic meter) radon levels.

In 2019, an...

TAX ASSESSMENT TOO HIGH?

Posted on Jan 17, 2023 in For Homeowners

It’s that time of year again! Over half a million property assessments have been mailed out to Calgary homeowners this month, ultimately providing them with the value that will be used to assess their upcoming property taxes. For some, the assessment may be confusing or seem incorrect. Thoroughly reviewing and understanding your residential propert...

JANUARY 2023 MARKET UPDATE

Posted on Jan 03, 2023 in Market Updates

2022 saw record-high sales and double-digit price growth - December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing furt...

2022 HOLIDAY FOOD DRIVE SUCCESS!

Posted on Dec 21, 2022 in Team News

THANK YOU to everyone who participated in our 7th Annual Holiday Food Drive and attended our Client Appreciation Holiday Party! Once again, we are blown away by the generosity and giving spirit of our clients! Despite challenging economic times and record inflation rates, so many of you have shown us your willingness to give back even when times ar...

View Older Posts View Newer Posts

THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES