Category: Uncategorized
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Detached Home Prices Soar in Cities Near Calgary | Please check out our video.
Detached home prices in Okotoks have surged to ~$705K, nearing Calgary's high prices. Benchmark prices for all properties in Okotoks have risen to ~$623K, surpassing Calgary’s by $20K.
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Signs of Slowdown: Calgary Sales Drop 19.5% | Please check out our video.
Calgary housing market saw a 19.5% drop yearly in sales in Mid-Q3, signalling a slowdown.New listings fell slightly, increasing the months of supply to 2.05, indicating a shift to balanced conditions.
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Calgary home sales slowed in September
Calgary home sales in September fell 17.6% from last year's record, totaling 2,003, yet remained 16% above long-term trends. The benchmark price for all home types was $596,900, slightly down from August but up 5.5% from September 2023. New listings reached 3,687, the highest since 2008, driven by higher-priced homes. Inventory rose to 5,064 units,…
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Calgary Housing Market in Rest of 2024: Prices to Rise 3% | Please check out our video.
Property prices in Calgary are expected to increase by 3% through the remainder of 2024. Calgary is a seller’s market, which is expected to persist into the fall.
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Minimum income needed to afford rent in Calgary is “out of control”
A recent report indicates that the wages required to afford one- or two-bedroom apartments in Calgary far exceed the city's minimum wage. To rent a one-bedroom, residents need at least $28.92 per hour, while a two-bedroom requires $33.46 per hour, over $13 more than the minimum wage. The report highlights that no neighborhoods in Calgary…
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Calgary Home Sales Plummet 20% in Mid-Q3 | Please check out our video.
Calgary home sales in Mid-Q3 dropped nearly 20% from last year's record highs. The benchmark price for all home types was ~$602K, up 6.3% from Mid-Q3 2023.
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Calgary: Inventory Boost and Eased Sales in Mid-Q3 | Please check out our video.
Mid-Q3 saw higher inventory levels, with more listings and easing sales across Calgary's market. Despite easing conditions, benchmark home prices remain higher yearly, showing stable growth.
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Upgrading your windows? Here are must-know tips for Calgary homeowners
Calgary homeowners are increasingly focused on energy-efficient windows to reduce energy costs and enhance comfort. Researching multiple companies is crucial, considering factors like online reviews, energy efficiency ratings, price, and warranty. A quality window can last over 30 years, making it essential to prioritize value over the lowest price. Homeowners should also ensure warranties cover…
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Land Release in Calgary, Edmonton for New Housing | Please check out our video.
Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.
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Conversion Potential Sparks Office Sales As Calgary Relaunches Incentive Program
Calgary has relaunched its Downtown Development Incentive Program to convert excess office space into residential units, offering up to $75 per square foot for eligible projects, with a cap of $15 million. Initially launched in 2021, the program was paused in October 2023 due to high demand but has since secured $228 million from the…