Urban Upgrade & NewInfills

#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...