January 2024

SHORT TERM RENTAL CHANGES HAVE ARRIVED

Posted on Jan 31, 2024 in Real Estate News



CREB - On June 6, 2023, The City of Calgary took a significant step in enhancing the regulation of short-term rentals, approving crucial bylaw changes that came into effect on Jan. 1, 2024. These changes, aimed at fostering accountability, improving safety, and minimizing negative community impacts, mark the city's commitment to creating a fair and...

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CREB: 2023 MARKET SUMMARY & 2024 FORECAST

Posted on Jan 24, 2024 in Market Updates



The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns. 

Here, a look at what CREB has to say about the Calgary real estate market. If yo...

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CREB: 2023 ECONOMIC REVIEW & 2024 FORECAST

Posted on Jan 23, 2024 in Market Updates


The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.

Here, a look at what CREB has to say about the Calgary economy. If you are looki...

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#1 TEAM IN 2023 AT RE/MAX HOUSE!

Posted on Jan 19, 2024 in Team News



Once again, we are doing the Happy Dance over here!

2024 has certainly started off on the right foot, with news that we were (once again) ranked the #1 Team at Re/Max House of Real Estate for 2023! The last few years have been a wild ride in Calgary's crazy real estate market - certainly keeping us on our toes! Even though the year has already start...

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BUY NOW OR WAIT FOR LOWER RATES?

Posted on Jan 19, 2024 in For Buyers



There is a lot of talk circulating about interest rates coming down this year. In fact, fixed rates (which are based on the bond market) have already started to improve slightly and are expected to continue to improve. Variable rates, which are directly affected by the overnight lending rate set by the Bank of Canada, are also expected to start com...

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TOP PROPERTY TAX ASSESSMENT MYTHS

Posted on Jan 12, 2024 in For Homeowners



Every January, the city sends out tax assessment notices advising property owners of their assessment values for yearly tax purposes. There are so many myths and misunderstandings surrounding how tax assessments work that even many Realtors don’t understand it! Let's break it down so it's easy to digest and clear up any confusion. Here are the top...

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JANUARY 2024 MARKET UPDATE

Posted on Jan 02, 2024 in Market Updates


Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.

“Higher lending rates dampened housing demand t...

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LEGALIZING AN EXISTING SUITE

Posted on Jan 02, 2024 in For Homeowners



Legalizing an existing secondary suite in Calgary is becoming more common due to the recent up-zoning and changes in the bylaws affecting both existing and new suites. Legalizing a secondary suite can offer numerous benefits, such generating more income, increasing property value, and aligning with the City's bylaws. 

In this article, we'll walk you...

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