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October 2021 Real Estate Stats

CALGARY REAL ESTATE STATISTICS september 2021

The stats for Octobers real estate market in Calgary have been compiled and released! This month we saw 2,186 total sales which ended up being a record high for the month and is trending over 35% higher than previous long term averages.

“Moving into the fourth quarter, the pace of housing demand continues to exceed expectations in the city,” said CREB® chief economist Ann-Marie Lurie. “Much of the persistent strength is likely related to improving confidence in future economic prospects, as well as a sense of urgency among consumers to take advantage of the low-lending-rate environment.” 

Across the city we've seen significant October benchmark price increases for most zones throughout Calgary. 

From our…

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Investing in real estate can be a great way to expand into additional income sources and develop new revenue streams. 

Many people have had experience dealing with landlords. However, taking on the landlord role may not be everyone’s dream, you've probably heard of some nightmare scenarios where landlords have to deal with unruly tenants, bug infestations, having to find a plumber if there’s a water leak in the middle of the night or the multitude of other issues that they are responsible for handling.

However, there are upsides to owning a rental property as well. The money tenants pay in rent can be a great investment with extra money coming in every month. There are also real estate investments that can be made that do not require dealing…

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If you are in the market for a new home, it can be difficult to decide exactly what type of home you want to buy. In Calgary, the most popular options for many  is buying a single family home, or a condo. Each option has benefits and drawbacks depending on what your needs and desires are.  

Depending on where you are at in your life and what your needs are will determine which option is the better fit for you. Buying a home is a big expense, so it is always useful to look at the pros and cons of buying a condo compared to a house.

Let’s explore the difference between a condo vs house and you can decide which is the best option for you.

Use our quick navigation guide below to jump to any point of our blog on Buying a House VS. Condo in Calgary :

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September 2021 Calgary Real Estate Statistics Recap

The headline for September real estate in Calgary? SALES REMAIN STRONG. CALGARY REAL ESTATE STATISTICS september 2021

The record for sales in September was set back in 2005 when Calgary witnessed some of it's most significant increases in value in the housing market. This month nearly reached this total with a combined (all property types) of 2,162 sales! This represents a year of year increase of over 26.7%. 

Chief economist Ann-Marie Lurie of the Calgary Real Estate Board (CREB®) said “While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand,” 

Right now…

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Purchase plus improvements introduction

Purchasing a previously owned home, that hasn’t been recently renovated, can mean that the new owners want to put some work into freshening things up.  Home renovations have been very popular this year as Canadians moved to larger homes and set themselves up for move favourable work from home situations.


Many of our client’s who utilize our mortgage partners use what’s called a, “purchase plus improvements” mortgage to help make sure that they were borrowing the cost of the renovations at the very best rate.  Purchase plus improvements mortgages can be a super useful tool for clients but they come with a little bit of fine print as well.  Let’s take a quick look at the pro’s and cons. 

Pros of a Purchase…

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Not all home-buying and selling experiences go as smoothly as they do on HGTV. We've definitely heard of some cases where home buyers are left with questions, concerns and regrets. To help you with this exciting time in your life, our social media team polled previous home buyers online to find out the top ten things Albertans wish their REALTORS® had told them, so you can feel better prepared and ready for this next step.

Not everything comes with the house

“One of my friends bought a multi-million-dollar home and when they arrived on possession day, they found out the previous owners took all of the appliances. Apparently, it was missed in the contract!” – Haleigh 

“Confirm whether every single item that's unattached to the home is staying or…

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It’s totally understandable to be excited if you’re moving into a new house. However, take a moment to think about what to do before moving into a new house. For your own safety, security and  peace of mind, it’s well worth taking care of a few things before you start your move.

USE OUR QUICK NAVIGATION GUIDE BELOW TO JUMP TO ANY POINT OF OUR GUIDE FOR THINGS TO DO WHEN MOVING INTO A NEW HOME:

  • Get to know your circuit breaker box and main water valve
  • Change the locks
  • Check for leaks
  • Steam clean the carpets
  • Wipe down the cabinets
  • Hire a pest control professional
  • Painting / drywall repair
  • Test your smoke and Carbon Monoxide Detectors
  • Child and pet proof your home
  • Test your sump pump 
  • Bonus: Meet your neighbours
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August 2021 Calgary Real Estate Statistics Recap

The Calgary market continues to trend towards being more balanced after a major kick off at the beginning of the year. CALGARY REAL ESTATE STATISTICS AUGUST 2021

Year over year trends are seeing major increases in areas like sales, new listings, and prices (across the board for all property types) it is important to note that we're coming off a COVID 2020 real estate year which did bring the market to a bit of pause for many buyers and sellers, this pent up demand has translated into a hot market for 2021. 

“Sales have far exceeded expectations throughout most of the pandemic, driven mostly by demand for detached homes. At the same time, supply could not keep pace and conditions shifted to favor the seller, something that has not happened…

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There’s no doubt about it: building a second story addition to your home is a challenge. Many homeowners don’t actually realize the magnitude of such a job, but seasoned professionals know what’s involved. Of course if it’s done right, it can be well worth it. Often times you can nearly double your home’s square footage with a second story addition.

If you ask a professional contractor about adding a second story to your home by yourself, most will caution against it. They have seen what headaches such a process can cause for a homeowner. It can turn into a nightmare very quickly. 

That’s why hiring a contractor with experience and knowledge about second story additions is crucial. This is simply not a good choice for a DIY project. Contractors who…

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As of May 10th, the city of Calgary council voted and approved a new program to incentivize home owners to upgrade from standard roofing products to more impact resistant products to help protect homes from severe (but seemingly common) weather damage that has impacted the city year after year, the big culprit? Hail damage. 

This new change goes into effect June 1st 2021 - Keep reading for all the details about this program. 

Resilient Roofing Rebate Program

Calgary is now offering residents a $3,000 rebate to homeowners that suffered hail damage in 2020 who installed or are planning to install roofing that is impact resistant.  George Chahal the councillor for Ward 5 said “The rebate program is one way we can help Calgarians…

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