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Calgary Real Estate Market Report - March 2026

Fri, 17 Apr 2026 15:48:31 GMT

Spring is here, and in this month’s update I’m sharing what we’re seeing in the market right now. Increased inventory in the condo and apartment sector is giving buyers more choice, while detached homes are moving at a more balanced pace compared to the fast-moving market we saw before.

If buying is on your radar, now is a great time to start getting prepared. Keep your credit strong, avoid major purchases, and continue building your down payment. It’s also a good idea to get a pre-approval from your mortgage specialist so you know exactly what you can afford and are ready to act when the right home comes along.

You can get the full update in this month’s video, and as always, if you have any questions or want to talk through your plans, I’m here to help .

CREB Report:

Trends Differ Based on Property Type

Supply conditions in March varied significantly depending on property type. Inventory levels saw a typical monthly rise, but compared with long-term trends, inventory remained well above the 10-year average for both row and apartment-style units and well below trend for detached homes. This is not a surprise given the pullback in detached housing starts last year despite record-high apartment-style starts.

To read the full stats release on March’s housing market for Calgary and surrounding areas, click here

There were 1,881 sales in March, up from the previous month, but still 13 per cent lower than levels reported last year and below long-term trends for March. The decline in sales is mostly due to pullbacks in apartment-style activity, where increased supply choice and slower migration is spreading demand across a wider range of supply. Meanwhile, detached sales have also slowed compared to long-term trends, likely due to limited supply choice in some city districts.

Calgary Real Estate Market Report - February 2026

Fri, 06 Mar 2026 20:13:00 GMT

March is here, and with it comes the start of Calgary’s spring real estate season. February brought a noticeable increase in new listings, particularly in the apartment-style condo market, where thousands of new units came to market. With more options available, that segment is beginning to favour buyers.

Detached and semi-detached homes, however, remain closer to balanced conditions, with roughly three months of supply. Well-priced homes in desirable areas are still seeing strong interest.

Spring is traditionally one of the busiest times of the year for real estate, so it will be interesting to see how the market unfolds as more buyers and sellers jump in over the coming weeks.

One quick reminder for sellers: listing photos matter. For most buyers, the first showing happens online while browsing MLS listings. Clean, well-staged spaces and professional photography can make a significant difference in attracting showings and generating interest.

CREB Report:

Detached Market Tightens While Apartments Remain Oversupplied

Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer.

“Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.”

Calgary Real Estate Market Report - January 2026

Wed, 11 Feb 2026 13:59:40 GMT

February is here, and Calgary’s real estate market continues with a more balanced pace. Inventory is growing, days on market now averaging around 90–120 days, with the apartment sector seeing the largest price adjustment.

That said, well-priced and well-presented homes are still moving. My recent Brentwood listing sold in less than a week, and my Edgemont listing went conditional in just eight days. Proof that strategy and preparation still matter.

On a personal note, I’m incredibly grateful to be ranked in the top 10% of Calgary REALTORS®. Thank you to my amazing clients, friends, and family for your continued trust and referrals. I’m excited to see what spring brings!

CREB Report:

Slow Start For High-Density Homes

Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes.

“Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist. “At the same time, sellers were quick to bring their listings onto the market, causing the sales-to-new-listings ratio to drop to 44 per cent, mostly due to shifts in apartment and row-style homes. Overall, this is not entirely uncommon for January, as both buyers and sellers weigh their options ahead of the spring market.”

Calgary Real Estate Market Report - December 2025

Thu, 08 Jan 2026 13:39:11 GMT

January 2026 is officially underway, and it feels good to be back into the rhythm after the holidays. I hope your New Year started off on a positive note, surrounded by family and friends. The market has wasted no time either. January has been busy so far, which is always a welcome way to kick off the year.

As we closed out last year, the market continued shifting into a more balanced space, leaning slightly toward buyers. Benchmark prices dipped about 2 percent overall. With slower immigration and more new housing starts, inventory increased, giving buyers more options heading into 2026.

Looking ahead, spring will give us a clearer picture of how active the market will be this year. There is already momentum building, including a new listing coming soon in Brentwood, a fantastic location with long-term appeal. If a move is on your radar this year, it is a great time to start planning .

CREB Report:

2025 Housing Market Shifted to More Balanced Conditions

Following several years of strong price growth, 2025 marked a year of transition thanks to strong demand and limited supply. Due to record high starts, supply levels improved across all aspects of the housing market, just as demand pressure eased due to a reduction in migration levels and heightened uncertainty that persisted throughout the spring market. This helped shift the resale market from one that favoured the seller to one that was more balanced.

In 2025, sales reached 22,751 units, down 16 per cent over last year, but in-line with long-term trends. Much of the shift came from the growth in supply. 2025 saw over 40,000 new listings come onto the market, nine per cent higher than last year, causing inventories to rise and driving more balanced conditions.

Thank You For Your Support in 2025!

Tue, 16 Dec 2025 18:46:27 GMT

As the year winds down and the holiday season settles in, I wanted to take a moment to reflect on what an incredible year it’s been. It truly flew by, and I’m grateful for every bit of it.

To all my clients, thank you for trusting me with your buying and selling needs. Your support means more than you know. To my friends and family, your encouragement and referrals have also been a huge part of this year, and I’m so thankful.

2025 has been full of meaningful conversations, exciting moves, and so many milestones. I’m already looking forward to what 2026 will bring and to helping even more people find the place that feels right for them.

Wishing you a Merry Christmas, Happy Holidays, and a warm, joyful start to the new year. See you in 2026!

CREB Report:

Conditions Remain Relatively Balanced as We Head into the Winter Months

In line with typical seasonal trends, sales, new listings and inventory levels all slowed relative to last month.

The 1,553 sales were met with 2,251 new listings, causing the sales-to-new-listings levels ratio to improve to 69 per cent. This also helped support some of the inventory adjustment. However, with 5,581 units in inventory, levels are still 28 per cent higher than last year and over 15 per cent higher than typical levels reported in November.

“Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units,” said Ann-Marie Lurie, CREB®’s Chief Economist. “This is partially related to the additional supply choice coming from the new homes sector, some of which end up on the resale market, especially near the end of the year. While buyer’s market conditions are more prevalent for apartment-style homes and to a lesser extent row homes, outside of a few pockets of the market, both the detached and semi-detached markets are relatively balanced.”

Calgary Real Estate Market Report - October 2025

Mon, 10 Nov 2025 13:53:07 GMT

I hope you had a great October and enjoyed a mild Halloween!

In October, inventory levels eased slightly after several months of steady growth. Detached and semi-detached homes saw the biggest change, with a bit less supply and sales holding steady, even as we head into the quieter months. Row homes and apartments still have more availability, which gives buyers a few extra options.

On a lighter note, the RE/MAX Bowlarama was a fantastic event this month. It is always great to connect with colleagues and support a good cause outside the office.

As we approach the holidays, expect the pace to slow before picking up again in the new year. If you’re curious about what this means for your buying or selling plans, reach out to me . I’d love to chat.

CREB Report:

Pace of New Listings Growth Slows, Preventing Further Inventory Gains

Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales.

With 6,471 units in inventory and 1,885 sales the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row- and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for both detached and semi-detached properties.

Year-to-date sales in the city totaled 20,082, down nearly 16 per cent compared to last year, but still in line with longer-term trends. Much of the decline in sales has been driven by pullbacks for apartment- and row-style homes.

Calgary Real Estate Market Report - September 2025

Fri, 10 Oct 2025 18:36:49 GMT

October’s here, and while we’ve had some beautiful fall weather, it looks like snow might be sneaking into the forecast just in time for Halloween! As we head into the final stretch of the year, Calgary’s real estate market continues to shift toward a more balanced pace.

Inventory is up about 36% compared to this time last year, with most of that growth coming from apartments and row homes. Detached homes have seen smaller increases, and prices are adjusting accordingly.

It’s been a busy season of change, and as always, I’m happy to talk through what this means for your buying or selling plans. Feel free to reach out anytime.

CREB Report:

A Boost in New Listings Drives Further Inventory Gains and Price Adjustments

The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 per cent higher than last year and over 17 per cent higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends.

“Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.

Calgary Real Estate Market Report - August 2025

Fri, 12 Sep 2025 19:32:29 GMT

Welcome to September! Summer may be winding down, but the great weather has been a bonus.

Looking back at August, the market feels very similar to July. We’re seeing more inventory on the market, which has created a buyer’s market. Prices have dipped about 4% overall, with row houses and apartments seeing the biggest declines, while detached homes in popular areas are holding up a little better. For buyers, this means more choice and opportunity. For sellers, it means homes are taking longer to move, closer to 60 to 90 days or more, and pricing them correctly has never been more important.

If you’d like to talk about how this market affects your plans, I’d be happy to chat .

CREB Report:

Price Declines Mostly Driven by Higher Density Home Types

Improving supply choice has changed the dynamics of the Calgary market driving price declines over the past several months.

Higher price adjustments are occurring for apartment and row style properties while detached and semi-detached properties have reported modest declines. As of August, the unadjusted total residential benchmark price was $577,200, down over last month and nearly four per cent lower than levels reported last year.

Calgary Real Estate Market Report - July 2025

Tue, 19 Aug 2025 15:29:22 GMT

As summer winds down, Calgary’s real estate market continues to shift. Inventory is climbing as a wave of new builds reach completion across the city.

The apartment sector has felt the biggest impact, with new complexes rising in nearly every quadrant. At the same time, a number of communities are seeing increased supply of detached homes. With this added inventory, Calgary’s benchmark price has started to ease. Market conditions are returning to more typical, pre-pandemic levels, and properties are taking longer to sell.

If you’d like to talk about what these changes mean for your plans, I’d be happy to connect .

CREB Report:

Supply Growth Weighs on Home Prices

Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth.

The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently four per cent below last year's peak price reported in June 2024.

Calgary Real Estate Market Report - June 2025

Tue, 08 Jul 2025 19:00:35 GMT

Hope your July’s off to a great start, and that you get to enjoy a little Stampede fun along the way! We’re keeping things pretty low-key, but definitely plan to catch a few events.

Market-wise, June brought another bump in inventory across all property types, with a few shifts worth noting, especially in the apartment and row house sectors. I’ve pulled together a quick update with what’s going on and what it might mean if you’re thinking about a move.

Give it a watch, and reach out if anything sparks a question. I’d love to hear from you.

CREB Report:

Gains in Resale Supply Mostly Impact Apartment and Row Style Home Prices

Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth.

While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain. All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.

Calgary Real Estate Market Report - May 2025

Thu, 12 Jun 2025 18:56:27 GMT

Can you believe it’s already mid-June? The pace of the market has cooled, May brought a big shift, a 97.5% increase in listings. That means more inventory, more choices for buyers, and a more balanced market overall.

That said, the right property can still go fast. I recently listed a beautifully maintained home in Evanston and it sold within a week. When homes show well and are priced right, they continue to draw strong interest. If you’re thinking of selling, I’m happy to offer tips on how to prepare your home and make the process as smooth as possible.

Questions about buying or selling? I’m always just a call or message away . Enjoy the rest of your June, and I’ll check in again next month!

CREB Report:

Price Adjustments Mostly Driven by Apartment and Row Style Homes

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.

New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced.

Calgary Real Estate Market Report - April 2025

Tue, 06 May 2025 19:11:27 GMT

Spring is finally here—and so is a balanced market.

Inventory is up, days on market are longer, and buyers have more to choose from. It’s a very different vibe than last year’s sprint! If you’re curious about what that means for you, or want the scoop on my listings in Dalhousie and Citadel, I’m just a call away.

CREB Report:

Balanced Conditions Take Pressure Off Prices

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”

Calgary Real Estate Market Report - March 2025

Thu, 03 Apr 2025 15:49:03 GMT

Spring is here—well, sort of! While the weather is still sorting itself out, the real estate market is also going through some changes. March saw a 19% drop in sales across all property types, shifting us further toward a balanced market. After four years of a strong seller’s market, we’re finally seeing things level out, which is good news for buyers looking for more options.

With economic uncertainty and other factors at play, we’ll be keeping a close eye on how things unfold in the coming months. In the meantime, I’ve got new listings coming up in Dalhousie and Citadel, so if you’re thinking about buying or selling, let’s chat !

CREB Report:

Uncertainty Weighing on Housing Market

Calgary Real Estate Market Report - February 2025

Mon, 10 Mar 2025 18:32:44 GMT

Stepping into March, it’s exciting to see the weather starting to warm up. Hopefully, you are getting out and enjoying it! Looking back at February, we saw more properties hitting the market, especially those under $500K. Things are slowing down, but it seems good properties priced right are still moving!

We were already heading for a balanced market but now with the shifting situation in the U.S. there’s a bit of nervous energy around. People still need a place to live, which is great but we will definitely be watching the Real Estate market closely and seeing how it trends.

If you’re wondering what these changes might mean for you or have any questions, feel free to reach out .

CREB Report:

Sales Remain Above Long-Term Trends Despite Declines

Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.

The increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply was 2.4 in February, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.

Calgary Real Estate Market Report - January 2025

Thu, 06 Feb 2025 14:18:18 GMT

Brrr! It’s a chilly one out there! �� With temps hitting -34°C with the windchill, I hope you’re staying warm inside.

In real estate news, the 2025 forecast suggests a more balanced market ahead—good news for buyers as more homes hit the market! Sellers, don’t worry, it’s still a great time to list. Speaking of listings , I’ve got some exciting ones coming soon in Royal Oak, Oakridge, and Shawnessy!

If you have any real estate questions, I’m always happy to chat . Stay warm, and see you next month!

CREB Report - Supply Levels Improve in January

Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums.

“Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units.”

Calgary Real Estate Market Report - December 2024

Tue, 07 Jan 2025 19:54:53 GMT

Happy New Year! ��

2025 is here, and I hope your holiday season was as wonderful as ours—filled with family, friends, and great memories.

Looking back at 2024, the real estate market started with a bang and eased into a steadier pace later in the year. December saw a slight 3% dip in sales from last December but nearly 20 per cent higher than long-term trends. Overall, we had solid growth throughout 2024 As for January? It’s already shaping up to be a busy start!

If you’re thinking about buying, selling, or just want to chat about the market, I’m here to help. Let’s make 2025 an amazing year together!

2024 Marks Another Strong Year for Sales and Price Growth

The year ended with 1,322 sales in December, a three per cent decline over last year, but nearly 20 per cent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.

“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.”

Calgary Real Estate Market Report - November 2024

Wed, 04 Dec 2024 20:25:03 GMT

As we wrap up 2024, here's a quick look at what happened in November. Inventory levels continued to rise, helping balance demand. However, we’re still seeing price decreases as some sellers adjust from the spring’s high prices. Pricing your home correctly remains crucial—it's the key to selling quickly and for the best value.

Here’s an example: I recently listed a home in Acadia at a competitive price, and within days, it sold for $30,000 over asking with seven offers—three of them unconditional. This just goes to show the power of strategic pricing in today’s market.

If you’re thinking about selling or want to know more about the market, let’s chat ! Wishing everyone a joyful holiday season, and I’ll see you in 2025. Cheers to a bright and successful new year!

Supply On The Rise, But Not Across All Price Ranges

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 mirrored last year’s levels and remained 20 per cent above long-term trends for the month.

The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.

Calgary Real Estate Market Report - October 2024

Wed, 27 Nov 2024 13:51:29 GMT

Sorry for the late November newsletter—I thought I had already sent it! You’ll hear from me again soon with my December update, so stay tuned for that.

November tends to slow down as we move closer to the holiday season. Inventory levels have continued to increase, and we are seeing more price reductions as sellers adjust from the high prices we saw during the spring’s strong seller’s market. The market is becoming more balanced, though it still leans slightly in favour of sellers.

I have an exciting new listing coming up in Acadia this week— reach out if you’d like more details or if you want to chat about what’s happening in the market!

Supply Levels Improving for Higher-Priced Homes

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 per cent above long-term trends for the month.

“Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller's market conditions in the lower to mid-price ranges of each property type.”

Calgary Real Estate Market Report - September 2024

Thu, 03 Oct 2024 19:01:53 GMT

Happy October, everyone!

The leaves are changing, and the weather is absolutely gorgeous—such a lovely time of year! Let’s soak it all in before the snow hits.

Here’s a quick update on the September market. We’re seeing more listings, especially in the entry-level price range (up to $600,000). It’s a bit surprising to think of homes under $600,000 as “entry level,” but Calgary’s benchmark price has now topped $600,000!

We’re not in a buyer’s market just yet, but it’s definitely leaning more towards balance, with sellers still holding an edge—but nowhere near the extreme seller’s market we had this spring.

Interestingly, we’re also seeing some movement in the $700,000 to $1 million price range. Plus, with interest rates dropping and potentially another cut ahead, I’ll definitely be keeping an eye on how that affects things.

All in all, things are moving along smoothly. If you're looking to buy or sell, I'd love to help! Just give me a call .

And a quick reminder—October is Breast Cancer Awareness Month, so throw on your pink and support those who mean the most to you.

New Listing Growth Driven by Higher-Priced Homes

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 per cent below last year's record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September.

“We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “While demand has stayed strong across all price ranges, the limited choice for lower-priced homes has likely prevented stronger sales in our market. While the challenges in the lower price ranges are not expected to change, improved supply combined with lower lending rates should keep demand strong throughout the fall, but without the extreme seller market conditions that contributed to the rapid price growth earlier this year.”

Calgary Real Estate Market Report - August 2024

Thu, 05 Sep 2024 14:12:22 GMT

I hope everyone is enjoying this lovely weather!

Recapping the Calgary real estate market for August. We have seen supply levels increasing with more properties hitting the market, in part due to new construction. We have moved away from the extreme seller's market we experienced in the spring.

The Bank of Canada has just dropped the interest rate to 4.25% so that's great news for buyers!

Have a great rest of September and I'll see you next month!

Calgary Housing Market Sees Shifts

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 support a better-supplied housing market,” said Ann-Marie Lurie, Chief Economist at CREB®. “This trend is expected to continue throughout the remainder of the year, but it’s important to note that supply levels remain low, especially for lower-priced properties. It will take time for supply levels to return to those that support more balanced conditions.

Calgary Real Estate Market Report - July 2024

Thu, 15 Aug 2024 17:26:13 GMT

Welcome to August! I hope you're enjoying a wonderful summer and the cooler weather.

We saw more listings hit the market in July which has increased both inventory and time on the market. While it's still very much a seller's market, buyers now have a few more options to explore.

We're also anticipating another interest rate drop in September, so it will be interesting to see how that impacts the market as we head into the fall.

Enjoy the rest of your summer, and I look forward to catching up in September!

Supply Levels Improve, Taking Some Pressure Off Prices

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 per cent, supporting a gain in inventory.

Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years. Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers’ market conditions experienced throughout the spring.

Calgary Real Estate Market Report - June 2024

Mon, 08 Jul 2024 20:03:20 GMT

Welcome to July!

I hope you're enjoying the wonderful weather after a fairly rainy June.

Here's a brief recap of June: We experienced a slight decline in sales due to low inventory. However, sales of higher-end properties (above $700k) saw a slight increase. The benchmark home price also rose by 8.5% year-over-year to $608,000.

As we move into the second half of 2024, I remain optimistic about continued improvements. However, we should anticipate a slower pace through the summer as people are vacationing and enjoying the beautiful weather.

Have a great rest of your July, and I will see you again in August.

June Sales Decline Amid Supply Challenges and Rising Prices

Sales in June reached 2,738, marking a 13 per cent 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 per cent higher than long-term trends.

“The pullback in sales reflects supply challenges in the lower price ranges, ultimately limiting sales activity,” said Ann-Marie Lurie, Chief Economist at CREB®. “Inventory in the lower price ranges of each property type continue to fall, providing limited choices for potential purchasers looking for more affordable product. It also continues to be a competitive market for some buyers with over 40 per cent of the homes sold selling over list price.”

Calgary Real Estate Market Report - May 2024

Wed, 19 Jun 2024 19:05:42 GMT

I hope you're doing well! It's been a busy month, but as we move into July, I'm optimistic things will continue to stay steady. Generally, summer is a slower time of the year. We have seen a small slow down but with demand remaining high multiple offers are still common.

The Bank of Canada drop the interest rate by 0.25% which is helpful for prospective homebuyers.

As always, if you are buying or selling I am very happy to help you out !

Calgary Home Sales Remain Robust Despite Supply Shortages in Lower Price Ranges

In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high, it is 34 per cent 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 limited supply choice compared to last year.

"Although new listings have increased, much of this growth is in higher price ranges for each property type," said Ann-Marie Lurie, Chief Economist at CREB®. “Our strong economic situation has supported sales growth in these higher price ranges. However, this month's sales could not offset the declines in the lower price ranges due to a lack of supply choice."

Calgary Real Estate Market Report - April 2024

Tue, 21 May 2024 20:03:04 GMT

Welcome to May.

April has come and gone and along with it we have seen another month-over-month price increase. Low inventory continues in the lower price ranges which continues to add pressure to market and increase prices. However, we have seen an increase in inventory in the above $700,000 range.

We are remaining optimistic about lower interest rates. If you need any help buying or selling please give me a call !

Price growth persists in Calgary as seller's market prevails

Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 per cent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products.

At the same time, there were 3,491 new listings in April, an 11 per cent gain over last year but only three per cent higher than long-term trends. The rise in new listings compared to sales prevented any further deterioration of the inventory situation. However, with 2,711 units in inventory, levels are 16 per cent below last year and half of what is traditionally seen in April.

Calgary Real Estate Market Report - March 2024

Thu, 04 Apr 2024 15:27:21 GMT

Spring has officially arrived, and with it we hope to see some new listings hit the market. Inventory remains low which continues to contribute to a seller's market and increasing prices.

We did see a few more listings hit the market in March but not enough to offset the number of buyers. With 22% lower inventory than last year and half the level we traditionally see in March, this has contributed to our tightest March since 2006. We are now in our third consecutive year with a seller's market with prices increasing by over 10% since last year.

March reflects strong seller's market and price increases

March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 per cent, and the months of supply fell below one month.

“We have not seen March conditions this tight since 2006, which is also the last time we reported high levels of interprovincial migration and a months-of-supply below one month," said Ann-Marie Lurie, Chief Economist at CREB®. “Moreover, we are entering the third consecutive year of a market favouring the seller as the two-year spike in migration has driven up demand and contributed to the drop in re-sale and rental supply. Given supply adjustments take time, it is not a surprise that we continue to see upward pressure on home prices.”

Calgary Real Estate Market Report - February 2024

Wed, 20 Mar 2024 18:55:28 GMT

March has been a very busy month! It's definitely still a seller's market which has made it a very completive market for buyers. The inventory levels have remained low but as we head into Spring, we are hopeful inventory levels will increase to help alleviate some of the backlog of buyers.

In the meantime, I have a fabulous listing in Kingsland and a few more upcoming. Stay tuned!

Low inventory and high demand drive price gains in February

New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 per cent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 per cent, ensuring inventories remained near historic lows. Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year.

Purchasers are acting quickly when new supply comes onto the market, preventing inventory growth in the market," said Ann-Marie Lurie, Chief Economist at CREB®. “It is this strong demand and low supply that continues to drive price gains in Calgary. The biggest supply challenge is for homes priced under $500,000, which saw inventories fall by 31 per cent compared to last February. At the same time, we are starting to see supply levels rise for higher priced homes supporting more balanced conditions in the upper end.

Calgary Real Estate Market Report - January 2024

Mon, 12 Feb 2024 17:00:16 GMT

Welcome to February. Time really does fly!

Last month I spoke about attending the CREB forecast and listening to the Chief Economist, Ann-Marie Lurie. She is an amazing speaker and I always enjoy her presentations. Her forecast for 2024 is what I expected.

We will continue to see strong migration and immigration to Alberta. We will also continue with a sellers market and she expects to see 6.5-10% price increase through 2024. If you’re looking to list your house now is a great time! Call me for a market evaluation.

January Sees Strong Sales Fueled by Boost in New Listings

January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.

The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49 per cent below the long-term average for the month.

Calgary Real Estate Market Report - Looking Forward to 2024

Thu, 11 Jan 2024 16:48:09 GMT

Welcome to 2024.

In 2023, we saw the benchmark price increase month over month through the entire year due to low inventory and migration patterns. By all accounts it looks like this trend will continue in 2024.

I am looking forward to the CREB 2024 Forecast on January 23 where the CREB chief economist, Ann-Marie Lurie will talk about what she is expecting to see this year.

Have a great month, and I will see you soon.

Strong migration and low supply drive Calgary housing prices in 2023

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 condominiums style homes.

Calgary Real Estate Market Report - November 2023

Thu, 07 Dec 2023 14:37:19 GMT

The year has flown by!

With many personal challenges this year I am looking forward to saying goodbye to 2023 and hello to 2024!

I want to wish every one of you a safe and happy holiday. I am so grateful for amazing clients, friends and family. Thank you!

Have a great Christmas and safe New Year and I look forward to seeing you all in 2024

Increased listings, strong sales, and price growth

New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 sales in November, the sales to new listings ratio remained high at 80 per cent, and the months of supply remained below two months.

Calgary Real Estate Market Report - October 2023

realestate@lesleybirkkjaer.com (Lesley Birkkjaer) — Mon, 20 Nov 2023 21:07:13 GMT

Welcome to November!

October flew by as we head down the home stretch to the Holiday season.

Home sales slowed down in the month of October, but that is a normal trend heading into the holidays. That being said, sales were still about 17% higher than they were in October of 2022.

We are still seeing gains. These gains are mainly taking place in the apartment sector due in part to their affordability and the interest rate.

Looking forward, we are hoping to see interest rates come down a bit in the spring or summer of 2024.

Price gains continue in Calgary's real estate market as inventory remains low

October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options during this period of high-interest rates.

New listings also improved this month compared to last year, reaching 2,684 units, reflecting the highest October levels reported since 2015. Despite the gain, relatively strong sales prevented any significant shift in inventory levels, which remain over 40 per cent lower than levels traditionally available in October.

Calgary Real Estate Market Report - September 2023

Tue, 17 Oct 2023 13:04:52 GMT

Welcome to October!

After a crazy summer I took some time with my family and went to Greece! We had an amazing time but I am home and back at it.

Sales in September remained at record highs. Condos are still a major driving force in the market. I had a condo for sale in Kingsland that had 60 showings in 2 days and sold for well over list price. When you read the news and they say sales in Canada are falling, that is not the case in Calgary. The market here is still going strong and inventory remains low. We are experiencing a large amount of migration and immigration to Calgary which is helping keep the market strong. If you are looking to buy or sell or just want to talk Real Estate, give me a call!

See you in November.

Calgary Home Sales at Record Highs in September, Yet Supply Remains a Challenge

Sales reached another record high in September with 2,441 sales. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12 per cent lower than last year's levels.

New listings also improved this month compared to last year and relative to sales. This caused the sales-to-new listings ratio to fall to 76 per cent, preventing further monthly declines in inventory levels.

Calgary Real Estate Market Report - August 2023

Thu, 28 Sep 2023 15:25:26 GMT

Sadly summer is coming to an end but winter sports are starting and the market is staying strong!

Condo sales have helped keep the market at a record high. New listings did improve but sales-to-new listings remained high at 87%. Click here to read more

If you have any questions regarding selling or buying I am here to help! Call me

August sees record-high sales amidst historic low inventory, pushing prices higher

Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 per cent compared to last year.

While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units, not only a record low for the month but well below the 6,000 units that are typically available. Low inventory combined with high sales this month ensured the months of supply remained low at just over one month.

Calgary Real Estate Market Report - July 2023

Tue, 15 Aug 2023 19:22:23 GMT

Welcome to August!

Who can believe we are halfway through the summer already?

July Recap

Inventory levels increased slightly in July. However, they remained very low keeping inventory levels the lowest ever recorded for July. It is still very much a seller's market. As such we have seen our benchmark price increase for 7 consecutive months, now sitting at $567,700.

We are hoping to see new inventory hit the market in coming months but until then we can expect prices to continue to rise. As always if you are looking to buy or sell a home give me a call and I would be happy to help you!

C algary home prices reach new heights

Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 per cent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have declined by 19 per cent over last year.

In line with seasonal expectations, sales and new listings trended down compared to last month. However, this had minimal impact on inventory levels, which remained near the July record low set in 2006. With a sales-to-new-listings ratio of 82 per cent and a months of supply of 1.3 months, conditions continue to favour the seller.

Calgary Real Estate Market Report - June 2023

Tue, 11 Jul 2023 19:42:40 GMT

Welcome to July!

Summer is here and we are excited to see what it is going to bring. June was another record high month! Apartment condo sales are on the rise and helping keep the market hot. We had an increase in new listings which has given an additional month of inventory. However, this was not enough to truly relieve the pressure and as a result our benchmark price has continued to increase. Looking forward to seeing how the rest of the summer shapes up! Call me , I am ready to help with any of your Real Estate needs!

Another record-high month for Calgary

The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels.

Notably, there has been a positive trend in new listings, providing relief and a monthly increase in inventory levels. However, despite these improvements, the inventory for June stood at 3,458 units, marking a decline of over 36 percent from last year and reaching the lowest levels for June in nearly two decades.

Calgary Southwest Restaurant Guide

Tue, 13 Jun 2023 19:06:36 GMT

Southwest Calgary offers some of the best dining experiences, whether you’re in Haysboro , Glendale , or Lakeview .

Italian? Japanese? French? Greek? Whatever you’re in the mood for, you’ll find it at some of the greatest hidden gems around town.

From seafood and steak to pizza and pasta, Southwest Calgary restaurants have it all. Keep reading our South Calgary restaurant guide to discover the highest-rated restaurants, perfect for a night out with family or friends, a solo lunch, or a happy hour date.

My Go-To Restaurants in Calgary

One of the best parts of living in Calgary is the food scene. Whether you're downtown for date night, grabbing lunch with friends, or craving the perfect burger, we are seriously spoiled for choice.

Here are a few of my personal favourites, plus where to find them and how to check them out.

Dopo

Location: 34th Avenue SW

Neighbourhood: Marda Loop

Website: www.dopoyyc.com

If you love cozy, elevated Italian with incredible ambiance, Dopo is such a vibe. The space is intimate and warm, perfect for date night or a relaxed dinner with friends.

Located in the heart of Marda Loop on 34th Avenue SW, Dopo fits perfectly into one of Calgary’s most vibrant and walkable neighbourhoods. Their fresh pasta and pizza are standouts, and the wine list is thoughtfully curated.

Major Tom

Location: Stephen Avenue (Downtown Core)

Neighbourhood: Downtown

Website: www.majortombar.com

For one of the best views in the city, Major Tom is hard to beat. Located high above Stephen Avenue, the floor-to-ceiling windows give you sweeping views of downtown and the mountains.

It feels special the second you step off the elevator. Amazing for celebrations, client dinners, or a night out when you want something elevated (literally and figuratively).

Lulu Bar

Location: 17th Avenue SW

Neighbourhood: Beltline

Website: www.lulubar.ca

If you want tropical energy in the middle of Calgary, Lulu Bar is such a fun spot.

Bright, vibrant, and a little bit transportive, it’s perfect for girls’ night, birthday dinners, or cocktails on 17th. The share plates make it easy to try a little of everything, which is my favourite way to eat.

Ten Foot Henry

Location: 1st Street SW

Neighbourhood: Beltline

Website: www.tenfoothenry.com

Ten Foot Henry is one of those places I recommend all the time.

Vegetable-forward but not in a “you’ll miss the meat” way. The dishes are simple, fresh, and packed with flavour. It’s lively, approachable, and consistently good which is honestly what makes a restaurant a favourite.

Class Clown Hamburgers

Location: Mission (4th Street SW)

Neighbourhood: Mission

Website: www.classclown.ca

When you just want a really, really good burger Class Clown Hamburgers delivers.

Simple menu. Done extremely well. It’s casual, nostalgic, and one of my go-to spots when I’m in Mission and craving something unfussy but delicious.

Best Places For Brunch, Lunch, and Dinner

Looking for some of the top-rated restaurants in Calgary, SW, for brunch, lunch, and dinner?

The Himalayan : Delicious Nepali Cuisine with dine-in and take-out options.
Cassis Bistro : A little piece of South France right in the heart of Calgary. Cassis Bistro prides itself on being the best of Alberta, all in the hands of a French chef.
Mercato West: A unique theatre kitchen committed to creating enjoyable Italian table experiences, showcasing “Buon Appetito” Italian food.
Una Pizza + Wine : A neighbourhood restaurant dishing out California-inspired thin-crust pizzas and food, hand-selected wines, and all the local products they can get their hands on.
Modern Ocean: What’s your fancy — Modern steak? Modern ocean? How about a classic surf and turf sizzling platter? Now open for lunch on the patio!

Hidden Gems and Local Favourites

There are plenty of places to eat in Calgary, especially if you live in or near Haysboro, Glendale, or Lakeview. Here are some hidden gems and local favourites:

Haysboro

Haysboro neighbourhood may be tucked away in southwest Calgary, but it’s a delightful community that isn’t far from good restaurants like:

Glendale

Take a tour of the Glendale neighbourhood to explore some nice restaurants in Calgary, like:

Lakeview

The Macleod Trail gives Lakeview residents easy access to some of its most popular restaurants, like:

Restaurant Recommendations Based on Cuisine Type

Whether you’re looking for budget-friendly options or upscale dining experiences, you’ll find plenty of good restaurants in Calgary. But with so many available, it can be hard to choose! No worries. Here’s a list of some of the most popular restaurants based on cuisine type:

Japanese

Sushi Ten
Momo-Yama Sushi
Hana Sushi
Banzai Poke & Ramen
Banzai Sushi & Teriyaki House
Shijo Sushi
Midori Japanese Cafe
5 Senses Ramen & Sushi Bar
Shokunin

Fast Food

KFC
Subway
McDonald’s
Fatburger
Wendy’s
New York Fries
Popeyes Louisiana Kitchen
Tim Hortons
A&W

Vietnamese

Pho Phuong Vietnamese Cuisine
Tamarind Vietnamese Grill
Lemongrass West
Pho Pham
Le’s Pho
Bow River Restaurant
Sunshine Vietnamese Restaurant
Saigon Thai

Indian

A Touch of India
Green Chile Fine Indian Cuisine
Masala Bhavan South Indian Cuisine
Indian Accent Kitchen and Bar
Taj Mahal Restaurant
Masala Art Indian Restaurant
Om Cuisine of India
Little Spice

Chinese

Basil Box
Noodlebox
Wok With Chan Rice House
Magic Bowl Chinese Eatery
Golden Leaf Restaurant
Brother’s Taste of Asia
Lemon Garden

Mexican

The Moose and Poncho
Native Tongues Taqueria
Mucho Burrito
Sabores Cedarbrae
Costa Vida
Tu Tierra

Italian

Il Centro
Trullo Trattoria
Buffo Ristorante
Mercato West
Annabelle’s Kitchen

Vegan-Friendly

The Coup
Monday’s Plant Café
The Allium
Vegan Street
Hearts Choices

Healthy Choices

Wise and Wright
Seed N Salt
Dedicate Healthy Kitchen
Marko’s Kitchen

Pizza

Sammy’s Worlds Greatest Pizza
PZA Parlour
Una Pizza + Wine

French

Purlieu Bistro
Fleur de Sel Brasserie
Le Comptoir

Seafood

Modern Ocean
Big Catch Sushi Bar
Kinjo Sushi and Grill

Venezuelan

Heaven Restaurant Market

Greek

Broken Plate Greek Restaurant

Southwest Calgary — More Than Just Great Tastes

Southwest Calgary is home to a remarkably diverse mix of restaurants, markets, and retail shops. If you’re thinking about moving to one of our communities, check out my listings in Valley Ridge, Lakeview, Haysboro, Crestmont, and Glendale.

When it comes to my clients, I go above and beyond to provide a seamless experience every step of the way. I follow my HEART and offer Honest, Energetic, Attentive, Resourceful, and Trusted advice.

Ready to enrich your lifestyle with good food and culture? Search my available listings or Call Me — I’d love to chat!

Calgary Real Estate Market Report - May 2023

Fri, 09 Jun 2023 18:22:06 GMT

Welcome to June!

May inventory levels remained low but with a tight rental market and interest rates increase more customers looked to buy apartment condos leading to major gains in that sector. With lower inventory levels it still remains a sellers' market (Read the full May market report below). Congratulations to my buyers and sellers this month and thank you to all for your continued support. I'm here to help you with all your real estate needs. If you are looking to sell your home, call me anytime!!!!

May Sales Reach a Record High

Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.

At the same time, we continue to see fewer new listings on the market than last year, causing inventory levels to fall. With a sales-to-new-listings ratio of 85 per cent and months of supply of one month, conditions continue to favour the seller placing further upward pressure on home prices.

Does a Golf Course in the Back of Your House Increase Property Value?

Thu, 18 May 2023 16:41:06 GMT

Golf courses are beautiful, scenic, and well-groomed slices of nature, usually considered green spaces amid urban surroundings or community settings. Previously called “the gentleman’s game,” it was how rich and famous men passed the time while wheeling and dealing with high-powered clients for big money deals.

But today, golf is accessible to anyone. And with more and more residential landscapes featuring golf courses, the nearby sport has become something people enjoy to pass the time while challenging both their minds and bodies.

Calgary, Alberta, has 37 lush, green courses in the city and another 24 within 30 kilometres. And if golf courses in the city mean housing developments in and around them, do they actually impact residential property value?

Is There a Relationship Between Golf Courses and Property Values?

There’s definitely a correlation between a property that backs onto a golf course and a higher property value..

For example, the private and prestigious Earl Grey Golf Course in Lakeview is a beautiful course. Homes that back onto it are certainly highly sought after and tend to have increased values.

How Much Does a Golf Course Increase Home Value?

As with most investments, the exact property value isn’t predictable. However, many properties that back onto golf courses typically have between a 7% to 10% higher value — a much lower number than previous trends, when back in the 1990s, these homes fetched anywhere from 15% to 30% more, depending on the status or location of the course. The substantial drop accounts for the decline in interest in the sport.

It also helps when you have the right buyer. Owning a home that backs onto a well-manicured green scape is a golf enthusiast’s dream; paying 10% more to attain that dream wouldn’t even be a second thought. Same for those who don’t necessarily like the game but enjoy high-end amenities, such as health and wellness centres, restaurants, bars, and pro shops close to home.

Factors That Contribute to the Impact on Property Values

Not all golf courses are equal, so there are a few factors that may impact property values, like:

How well the club maintains the course
The prestigiousness of the course
How thriving the club and area is

Higher memberships keep the money coming in to maintain the grounds, restaurant, and other facilities like banquet halls, spas, and pro shops. Perfect examples include Lakeview’s Earl Grey and Valley Ridge Golf Club . The Valley Ridge Club is just 15 minutes from downtown Calgary nestled along the Bow River, with the Valley Ridge housing development scattered throughout the course. Meanwhile, the city-run Lakeview Club is a well-treed, nine-hole public course in southwest Calgary that runs along the Glenmore Reservoir. The more popular the course is, the higher your property value may be.

Unfortunately, the opposite is also true. When a golf course suffers a loss due to mismanagement, membership drop-off, or plain neglect, it can’t afford to maintain the grounds as it once did. Poor course conditions lead to less attendance, eventually causing the golf course to shutter. From there, it becomes a haven for crime, pests, and litter, inevitably decreasing property values.

Pros and Cons of Living Near a Golf Course

If you’re wondering whether you should buy a property near a golf course, here’s a list of pros and cons:

Pros

Some clubs offer free memberships to homeowners who back onto a golf course
If you love the game, it’s excellent exercise right at your door
You can steadily improve your game
A convenient restaurant and bar up the road
Incredible scenic views
Increased wildlife and nature activity
Added property value if you’re right on the course
A close place to cross-country ski in the winter
Neighbours with the same interests

Cons

Worrying about potential club closure and property depreciation
Wayward golf balls in your yard, possible property damage or injury
Possible increase in traffic, depending on where the clubhouse entrance is
Noise levels can vary throughout the daylight hours between golfers and groundskeeping equipment

Dreaming of Living Near a Golf Course in Calgary?

Many dream of living near or backed onto a luxurious golf course. I can turn that dream into reality with listings near courses in Valley Ridge, Lakeview, Haysboro, Crestmont, and Glendale.

When it comes to my clients, I go above and beyond to provide a seamless experience every step of the way. I follow my HEART and offer H onest, E nergetic, A ttentive, R esourceful, and T rusted advice.

Ready to enhance your community, enrich your lifestyle, and up your golf game? Search my available listings or Call Me ; I’d love to chat!

Calgary Real Estate Market Report - April 2023

Wed, 10 May 2023 18:40:05 GMT

Welcome to May!

Just a quick update this month to let you know about an upcoming listing in Mahogany. If you've never had the pleasure of visiting Mahogany, I definitely recommend checking it out. They have an absolutely great lake and the home going on the market is just walking distance from local trails and schools.

Prices reach new record high

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 new listings has ensured that supply levels remain low,” said CREB® Chief Economist Ann-Marie Lurie. “The limited supply choice is causing more buyers to place offers above the list price, contributing to the stronger than expected gains in home prices.”

Calgary Real Estate Market Report - March 2023

Fri, 14 Apr 2023 18:12:20 GMT

Welcome to April!

Looking back at March. We still had pretty low inventory levels, the lowest since 2006. Jumping into spring, we are hoping to see a few more listings hit the market but it will still remain a sellers market. So if you are looking to sell your house, now is a great time!

As for my listings, I have a couple in the pipeline. Currently I have a condo available in Richmond. Coming soon, I will have a listing in Mahogany, and a listing in Tuscany.

Prices rise as conditions favour the seller

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 in the seller’s territory. While conditions are not as tight as last March, low inventory levels leave purchasers with limited choice, once again driving up home prices.

Total unadjusted residential home prices reached $541,800 in March, a two per cent gain over last month and nearly one per cent higher than prices reported last year. While prices remain below the May 2022 high of $546,000, the pace of price growth over the first quarter has been stronger than expected due to the persistent seller’s market conditions.

Calgary Real Estate Market Report - February 2023

Fri, 17 Mar 2023 17:41:24 GMT

Welcome to March!

Where has the time gone? I can't believe we are already heading in to the spring market, which, by all accounts, is looking like it is going to be strong.

Looking back at February, inventory was low and sales were not as high as they were around this time last year. However, we still had higher sales than long term. As a matter of fact we haven't had sales this steady since 2006!

As we enter into this spring market be sure to keep an eye out for some of my upcoming listings. Tuscany, Cougar Ridge, and Mahogany are just some of the areas where I will have listings coming up.

Lowest February inventory since 2006

Consistent with typical seasonal behavior 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 activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains,” said CREB ^® Chief Economist Ann-Marie Lurie. “Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward pressure on prices over the near term.”

Both sales and new listings declined over last year’s record high for the month. While sales activity remained stronger than long-term trends and levels reported throughout the 2015 to 2020 period, new listings fell below long-term trends.

6 Reasons to Love Life in Walden South East Community in Calgary

Thu, 23 Feb 2023 22:43:19 GMT

Walden is a charming community in the southeast side of Calgary positioned between the Macleod Trail on the west, Bow River on the east, and the Chaparral community bordering the north.

Walden residents enjoy its beauty with rich wetlands, clear-water ponds, and groves of trees. Walden south east caters to all lifestyles and age groups, offering various housing styles, types, and sizes.

Read on to learn six reasons to love life in Walden South East in Calgary.

Reason #1: Scenic Communities in Southwest Calgary

Situated in the foothills of the Rocky Mountains, the views from the neighbourhoods in Southwest Calgary are breathtaking. These quiet and scenic communities are full of green spaces, trails, golf courses, and parks for walking, jogging, cycling, rollerblading, and more.

There are a few must-see communities in Southwest Calgary:

Reason #2: A Healthy Work-Life Balance

If you work in downtown Calgary, you have the convenient C Train and plenty of public transit buses that run back and forth. There are also many routes for using your vehicle, and the commute from Southwest to Downtown is a short 15-minute drive.

You have plenty of employment options in Southwest Calgary, with many corporate headquarters located in the downtown area. Whether you prefer condo living, townhouse, apartment, new construction, or an established single-family dwelling with a beautiful yard and mature trees, Southwest Calgary has it all.

Accommodating a healthy work-life balance in Southwest Calgary is easy, with plenty of entertainment options like:

Stores
Restaurants
Bars
Theatres
Outdoor activities
Community Events
Parks
Schools

Reason #3: Fine Dining, Take Out, & Everything In Between

There’s definitely no shortage of restaurants here! Find good food and fine culture throughout the district with a few top restaurants, like:

Cassis Bistro - French
Rouge - Canadian
Namaskar - Indian
O'Sullivan’s - American
Gaucho - Brazilian
Pfanntastic Pannenkoek Haus - Dutch
Una Pizza & Wine - Italian

Reason #4: Boutiques, Specialty Shops, & 5 Malls

Southwest Calgary has five shopping malls, but the largest and most popular is the Chinook Mall. Its many retailers, service providers, and restaurants make it an indoor shoppers' delight.

17th Avenue S.W. and its adjoining streets have over 70 retail shops making it one of the most iconic streets in Calgary. From high-end fashion boutiques and international chains to local boutiques and specialty shops. Take a coffee-to-go and experience window shopping like never before.

Reason #5: Popular Outdoor Destinations

Southwest Calgary has parks, playgrounds, and green spaces for every outdoor activity, making Glenmore Reservoir one of the most popular destinations for Calgarians and tourists.

The Elbow River feeds the reservoir, which hosts sailing, disabled sailing, dragon boat racing, rowing, canoeing, and kayaking. There are walking trails in the many gorgeous parks like North Glenmore, South Glenmore, Sandy Beach, and Heritage Park.

For those who love skating, Southwest Calgary has Shaw Millenium Park, and WinSport for skiing, snowboarding, and more.

Reason #6: Many Bilingual Schools With Enrichment Programs

Many families with school-age children worry about finding a good school when relocating.

Southwest Calgary students belong to school district 4, with numerous elementary and junior high schools that offer French Immersion, Spanish Bilingual, Montessori, and other enrichment programs.

Southwest Calgary has four regular high schools (one being French Immersion) and a fifth high school geared towards Career and Technology. It’s also home to the Bow Valley College, Mount Royal University, and other fabulous post-secondary schools.

The Southern Alberta Institute of Technology (SAIT) and the University of Calgary are just north of the Bow River and are easily accessed by the Southwest communities.

Thinking Of Moving to Southwest Calgary?

As a true Calgarian , trust me when I say you won’t regret it. Calgary is a rapidly growing city that has a lot to offer. The hardest part is finding the perfect neighbourhood to call home.

Are you looking for:

An excellent work-life balance
Amazing employment opportunities
Peaceful, friendly communities
An abundance of shops and restaurants
Beautiful parks and green spaces
Endless outdoor adventures and experiences
A fantastic choice of schools
A breath-taking view of the Rockies

Then we need to chat! When it comes to my clients, I go above and beyond to provide a seamless experience every step of the way. I follow my HEART and offer H onest, E nergetic, A ttentive, R esourceful, and T rusted advice.

Ready to start looking for your dream home, and elevated quality of life in Southwest Calgary? Search my available listings or Call Me!

January 2023 Calgary Real Estate Market Report

Fri, 17 Feb 2023 14:57:35 GMT

Happy February!

It's been a great start to the year! I had the chance to take part in the CREB forecast for 2023 with Ann-Marie Lurie, Chief Economist for CREB and by all accounts it looks like the Calgary real estate market will remain strong this year. Oil prices, migration to Calgary and low inventory of homes on the market being 3 of the major factors.

If January is any indication of this, all 3 properties I listed were sold within a week of listing, each with multiple offers above asking price.

Looking forward, I have listings coming in Killarney, Mahogany, Cougar Ridge, and Tuscany, so be sure to keep an eye open for those.

Supply of lower-priced homes remains low for January

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

At the same time, house sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as detached homes only comprised 47 per cent of all sales.

December 2022 Calgary Real Estate Market Report

Fri, 13 Jan 2023 16:53:09 GMT

Happy New Year!

Sales for December were lower than the last few months, but the good news is that they are still stronger than they were pre-covid. The forecast for this year still expects sales to be strong due to the low inventory.

To start this year off I've had three new listings . A condo in Bridgeland, a 2 storey detached home in Belmont, and a semi-detached in Walden. Watch for other new property listings I have coming soon, be sure to stay tuned!

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 further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade.

High Performance Rodeo Set to Take Over Downtown Calgary

Thu, 12 Jan 2023 14:30:45 GMT

Calgary’s International Festival of the Arts, better known as the High Performance Rodeo (HPR), is back for three wild weeks this winter. HPR is taking over much of downtown Calgary starting January 16th with incredible dance, film, music, theatre, cabarets, concerts, and so much more. It’s a show you don’t want to miss.

This Calgary festival features acclaimed international artists, touring performances from across Canada, and local artists from Calgary with new and experimental offerings. The programming is cutting-edge, bold, honest, funny, awe-inspiring, and more. It’s the longest-running festival of its kind in Canada and, with its diversity, offers something for everyone.

Calgary’s High Performance Rodeo continues to be an essential forum for creating and preserving Canada's performing arts and culture.

Arts and Entertainment Event Takes Place in January - February 2023

From January 16 to February 5, 2023, many of the Calgary International Festival of the Arts shows take place at the One Yellow Rabbit Performance Theatre in downtown Calgary but trickle into other downtown venues, like:

City Hall
The Glenbow
The Royal Canadian Legion
The +15’s
Eau Claire Market
Arts Commons
And more

With many performances playing at venues in the Arts Commons (Big Secret Theatre, Jack Singer Concert Hall, and more), commuters will enjoy underground parking and direct access without venturing outside.

Communities in Southwest Calgary, like Glendale , have only a short 11-minute drive to the Arts Commons and Studio Vertigo Theatre at the base of the Calgary Tower. Likewise, Lakeview residents have just a 14-minute drive to take in all the performances at the historic Cathedral Church of the Redeemer.

Food & Drink

Grab a beverage and a bite before or after a show at the Laycraft Lounge. Located on the 2nd floor of the Arts Commons at the Big Secret Theatre, the Laycraft is a popular hangout for the performers and a perfect opportunity to mingle or catch a selfie with a favourite artist.

Walk in any direction from the Arts Commons to one of the many fine eateries in beautiful downtown Calgary. Be sure to take in every aspect of the HPR experience.

Support the Arts & Local Calgary Artists

The High Performance Rodeo, produced by registered charity One Yellow Rabbit Performance Theatre, is presented in collaboration with Calgary’s community partners and major arts organizations.

The festival depends on the generosity of its many sponsors, whether commercial businesses, arts organizations, provincial and federal governments, and so many more, including you. Every donation counts to maintain High Performance Rodeo’s valuable contribution to Calgarian and Canadian arts and culture and to continue being the longest-running festival of its kind in Canada.

Learn more about how your donation makes a difference in the lives of Calgarians on a limited budget, needing ASL sign language interpretation, or giving equal accessibility so those with mobility issues can attend an HPR show.

All the More Reason to Love Life in Downtown Calgary

The International Festival of the Arts isn’t just a festival; it’s a way of life. And it’s just one of Calgary’s many seasonal celebrations.

Calgarians, like myself, enjoy a mix of free and paid jamborees that happen throughout the year. From the High Performance Rodeo in the winter and the Calgary Stampede in the summer to Beakerhead, one of Calgary’s best fall festivals, these galas are all the more reasons why locals love living in Calgary.

Ready to find your dream home and elevate your quality of life in Southwest Calgary? Search my available listings or Call Me!

6 Reasons to Love Life In Southwest Calgary

Sat, 31 Dec 2022 15:58:33 GMT

South of the Bow River and west of the McLeod Trail sits Southwest Calgary in all of its glory, offering everything you could want, and catering to all lifestyles.

Keep reading to learn six spectacular reasons to love life in Southwest Calgary.

Reason #1: Scenic Communities in Southwest Calgary

There are a few must-see communities in Southwest Calgary:

Reason #2: A Healthy Work-Life Balance

Accommodating a healthy work-life balance in Southwest Calgary is easy, with plenty of entertainment options like:

Stores
Restaurants
Bars
Theatres
Outdoor activities
Community Events
Parks
Schools

Reason #3: Fine Dining, Take Out, & Everything In Between

There’s definitely no shortage of restaurants here! Find good food and fine culture throughout the district with a few top restaurants, like:

Cassis Bistro - French
Rouge - Canadian
Namaskar - Indian
O'Sullivan’s - American
Gaucho - Brazilian
Pfanntastic Pannenkoek Haus - Dutch
Una Pizza & Wine - Italian

Reason #4: Boutiques, Specialty Shops, & 5 Malls

Southwest Calgary has five shopping malls, but the largest and most popular is the Chinook Mall. Its many retailers, service providers, and restaurants make it an indoor shoppers' delight.

Reason #5: Popular Outdoor Destinations

Southwest Calgary has parks, playgrounds, and green spaces for every outdoor activity, making Glenmore Reservoir one of the most popular destinations for Calgarians and tourists.

For those who love skating, Southwest Calgary has Shaw Millenium Park, and WinSport for skiing, snowboarding, and more.

Reason #6: Many Bilingual Schools With Enrichment Programs

Many families with school-age children worry about finding a good school when relocating.

Southwest Calgary students belong to school district 4, with numerous elementary and junior high schools that offer French Immersion, Spanish Bilingual, Montessori, and other enrichment programs.

The Southern Alberta Institute of Technology (SAIT) and the University of Calgary are just north of the Bow River and are easily accessed by the Southwest communities.

Thinking Of Moving to Southwest Calgary?

As a true Calgarian , trust me when I say you won’t regret it. Calgary is a rapidly growing city that has a lot to offer. The hardest part is finding the perfect neighbourhood to call home.

Are you looking for:

An excellent work-life balance
Amazing employment opportunities
Peaceful, friendly communities
An abundance of shops and restaurants
Beautiful parks and green spaces
Endless outdoor adventures and experiences
A fantastic choice of schools
A breath-taking view of the Rockies

Ready to start looking for your dream home, and elevated quality of life in Southwest Calgary? Search my available listings or Call Me!

November 2022 Market Report

Fri, 09 Dec 2022 17:02:31 GMT

The holiday season is upon us and 2023 is just around the corner! Thank you to all my amazing clients, family and friends who helped make this an incredible year. I appreciate all of your support! Looking forward to what 2023 will bring!!! May you all have a safe and happy holiday season!

2022 on track to be a record year for sales

Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average.

The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in both apartment condominium and row sales.

“Easing sales have been driven mostly by declines in the detached sector of the market,” said CREB® Chief Economist Ann-Marie Lurie. “Higher lending rates are impacting purchasers buying power and limited supply choice in the lower price ranges of the detached market is likely causing many purchasers to place buying decisions on hold.”

October 2022 Market Report

Fri, 25 Nov 2022 20:45:57 GMT

Where has November gone?

Moving to our new house has taken a huge chunk of my time and I almost forgot my November newsletter. Christmas is just around the corner and although sales have slowed since spring, we are still seeing stronger sales then pre-covid (see CREB report below). There have been a lot of price reductions with people still hoping to get the strong spring prices. I can not stress the benefit of pricing your property correctly based on the current market. Using an agent that understands market trends is your first step to success!

October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales.

“Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having, strong employment growth, positive migration flows and a stronger commodity market are helping offset some of that impact.”

New listings also trended down this month causing the sales-to-new-listings ratio to rise to 85 per cent and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000.

While conditions are not a tight as what was seen earlier in the year, with only two months of supply, conditions remain tighter than historical levels. We are also seeing divergent trends in the market with conditions continuing to favour the seller in the lower-price ranges and shifting to more balanced conditions in the upper-price ranges.

As of October, prices have eased by four per cent relative to the highs reached in May. This is considered a relatively small adjustment when considering price movements in other large cities. It is also important to note that the October benchmark price is still nearly 10 per cent higher than levels reported last year.

Detached

Sales growth in the over $700,000 price range this month were not enough to offset the declines in the lower-price ranges, causing detached sales to ease by over 29 per cent compared to last year. Limited supply growth in the lower-price ranges continue to keep conditions exceptionally tight for lower-priced detached homes.

In October, inventory levels for detached homes were under 2,000 units, nearly 35 per cent lower than typical levels reported for the month. Moreover, over 42 per cent of the inventory falls in the upper-price ranges of the market. This is likely creating a situation where pricing trends will vary depending on price range.

Overall, detached prices did trend down relative to last month and peak levels in May but remain nearly 12 per cent higher than levels reported last October. The strongest year-over-year price gains have occurred in the North and South East districts.

Semi-Detached

While sales remain lower than last year’s levels in October, recent pullbacks have not offset gains from earlier in the year and year-to-date sales improved by nearly three per cent. A pullback in new listings relative to sales caused the sales-to-new-listings ratio to push above 80 per cent this month and inventories to ease, leaving the months of supply just over two months.

The benchmark price, while easing slightly compared to last month, remained over nine per cent higher than last year’s levels. Year-over-year price gains have varied from a low of nearly eight per cent in the City Centre to a high of 16 per cent in the North district.

Row

Row sales continue to rise relative to last year supporting a year-to-date gain of nearly 42 per cent. At the same time, new listings this month eased ensuring that the sales-to-new-listings ratio remain exceptionally tight at 106 per cent. Falling inventories and improving sales have ensured this market continues to favour the seller with less than two months of supply. This has also prevented the same adjustment in price.

As of October, the benchmark price was $361,200, less than one per cent lower than the peak achieved in June of this year. Overall, prices remained nearly 15 per cent higher than last year’s levels. The strongest price gains occurred in the South East, North East and North districts.

Apartment Condominium

Apartment sales continue to rise over levels reported last year contributing to the year-to-date increase of over 56 per cent. Improving sales were also met with gains in new listings, but as the growth in sales outpaced the new listings activity, inventory levels continue to trend down. As of October, the months of supply remained just below three months, the lowest level recorded in October since 2013.

In October, the benchmark price was $277,800, similar to last month and nearly 11 per cent higher than last year’s levels. Some of the strongest price gains have occurred in areas outside of the City Centre. Despite persistent price growth, overall prices remain nine per cent below previous highs set back in 2014.

REGIONAL MARKET FACTS

Airdrie

Easing sales over the past several months have not been enough to offset earlier gains as year-to-date sales reached 2,269 units, over 11 per cent higher than last year and on pace to hit a new record high. The growth in sales was possible thanks to a boost in new listings this year. However, the gains in new listings did little to impact inventory levels which remained well below levels traditionally seen in the market in October.

While conditions are not as tight as they were earlier in the year, the months of supply remained exceptionally tight at one and a half months. Despite persistently tight conditions, prices have trended lower from the earlier highs. Airdrie hit a record high price back in April of this year at $510,700, prices have since fallen by six per cent since then yet remain over 14 per cent higher than levels reported last year.

Cochrane

A pullback in new listings relative to sales activity caused the sales-to-new-listings ratio to push up to 90 per cent once again, causing inventories to trend down relative to last month. While overall inventories still remain higher than the exceptionally low levels seen last year, levels are still well below what is typically seen in the market.

While prices have eased off recent highs, at a benchmark price of $507,000, prices remain over 16 per cent higher than last years levels. Price growth has been mostly driven by the detached and semi-detached sector which have reported year-over-year gains exceeding 18 per cent.

Okotoks

A pullback in new listings likely weighed on sales this month as the sales-to-new-listings ratio pushed above 100 per cent causing inventories to remain exceptionally low for October. While conditions are still not as tight as they were earlier in the year, the shift this month did little to support more balanced conditions.

Persistently tight conditions did slow the pace of adjustment in prices as the benchmark price was $537,800 in October. While prices have eased from the high reported in May, they remain over 11 per cent higher than last years levels.

September 2022 Market Report

Wed, 26 Oct 2022 14:15:21 GMT

Happy October! I can't believe it is almost Halloween. The time is flying by and it has been a busy 7 months. Jens, my husband and myself have been working hard to complete our renovation in Lakeview. We took the house back to the studs and added 400 sq ft including a large vault in the new extension that is now the kitchen. We are thrilled with how amazing it has turned out and I am happy to report it is has hit the market! I have included a photo of the house before we started and a video of how it looks now. If you would like to view it give me a call!

In other news. CREB reports "1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels." “While demand is easing, especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,” said CREB ^® Chief Economist Ann-Marie Lurie. “At the same time, we are seeing new listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”

August 2022 Market Report

Wed, 07 Sep 2022 18:28:21 GMT

Talk about action-packed summer! Between the Real Estate market, our house flip in Lakeview and family weddings it flew by. Although I am sad to see it go, it means I will be back on the ice to play my two favorite sports hockey and ringette! With the start of September and everyone getting back into a routine. I am looking forward to what the fall market will bring.

According to CREB ^® August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB ^® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.”

To read the full stats release on August's housing market for Calgary and surrounding areas, click here .

July 2022 Market Report

realestate@lesleybirkkjaer.com (Lesley Birkkjaer) — Mon, 08 Aug 2022 14:16:51 GMT

Summer is in full swing and after a record-breaking spring season the housing market has cooled seeing home sales in July slip by three percent year-over-year as the market continues to experience a slowdown. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market. See the full July CREB report below. Contact me for any of your Real Estate needs.

Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market. “Rising lending rates are causing shifts within the market and, as a result, new listings for higher-priced product are on the rise relative to sales activity,” said CREB® Chief Economist Ann-Marie Lurie. “Meanwhile, there continues to be a lack of supply for lower-priced detached and semi-detached product. This is driving consumers who are looking for affordable homes to purchase apartment- and row-style properties.”

Residential new listings in the city declined compared to what was seen in 2021, but when considering the dynamics between price ranges, we are seeing a different trend play out. Listings for homes priced below $500,000 fell by 18 per cent, while levels rose by 20 per cent for homes priced above $500,000. This has left conditions to remain relatively tight in the lower-end of the market while conditions are shifting toward more balanced levels in the upper-end of the market. When considering the relationship between the supply and demand, the months of supply has continued to trend up from the exceptionally tight conditions seen earlier in the year. However, with just over two months of supply, the market remains far tighter than anything experienced throughout the recessionary period experienced prior to the pandemic.

As expected, the benchmark price did see some slippage relative to levels seen earlier in the year and rising lending rates have cooled much of the bidding war activity that was driving significant gains earlier in the year. However, prices currently remain over 12 per cent higher than last year’s levels, still outpacing forecasted price growth for the year.

“As we move forward, we do anticipate further rate gains will weigh on housing activity and prices, but not enough to completely offset the exceptionally strong gains recorded over the first half of the year,” said CREB® Chief Economist Ann-Marie Lurie.

Welcome To My New Website!

Fri, 06 May 2022 14:50:40 GMT

Thank you for dropping by!

I am so excited to announce the launch of my new website! Thank you to everyone that helped me get it off the ground. Clint, the photographer who did my photos, Jens, my genius husband with his great ideas, all my awesome partners and Conscious Commerce Corporation for putting it all together!

THANK YOU!!!!

My new website has great new features to help you buy or sell with me. If you don't see what you're looking for, get in touch with me so we can find that perfect home together.

Looking to Buy?

I can help! I specialize in the areas of Calgary, Airdrie, Springbank and Cochrane. To get some more information on selling, from developing your budget to signing your name on the dotted line, learn more about the home buying process on my Buyer's page .

Ready to Sell?

Selling your home can be a daunting task, but I'm here to help! Please take a look at my Seller's Guide to get some great tips on selling your home, including determining your home's value to closing day. Have you read the recent post on How Sellers Win When Housing Inventory is Low ? This article can answer some of the tough questions sellers face when inventory is low. If you're ready to take the next step, contact me today to get started.

lesleybirkkjaer

Calgary Real Estate Market Report - March 2026

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C algary home prices reach new heights

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Calgary Southwest Restaurant Guide

My Go-To Restaurants in Calgary

Dopo

Major Tom

Lulu Bar

Ten Foot Henry

Class Clown Hamburgers

Best Places For Brunch, Lunch, and Dinner

Hidden Gems and Local Favourites

Haysboro

Glendale

Lakeview

Restaurant Recommendations Based on Cuisine Type

Japanese

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Fast Food

Vietnamese

﻿

Indian

Chinese

Mexican

Italian

Vegan-Friendly

Healthy Choices

Pizza

French

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Seafood

Venezuelan

﻿

Greek

Southwest Calgary — More Than Just Great Tastes

Calgary Real Estate Market Report - May 2023

May Sales Reach a Record High

Does a Golf Course in the Back of Your House Increase Property Value?

Is There a Relationship Between Golf Courses and Property Values?

How Much Does a Golf Course Increase Home Value?

Factors That Contribute to the Impact on Property Values

Pros and Cons of Living Near a Golf Course

Pros

Cons

Dreaming of Living Near a Golf Course in Calgary?

Calgary Real Estate Market Report - April 2023

Prices reach new record high ﻿

Prices reach new record high