Calgary Real Estate Blog - Calgary Real Estate News

Calgary IS Canada's MOST livable city

Not only is Calgary the most livable city in Canada, it's actually the most livable city in North America!That's according to a recent release by the Economic Intelligence Unit landing Calgary in at #3 in the entire world! 

How did Calgary rank in each category? Enjoy our candid take on this big news for the city while we explore the results and data points. 

Stability

Calgary scored a total of 95 on the stability ranking, putting us in a tie with Toronto and 5 points ahead of Vancouver. Guess the Canucks Stanley cup riot is still punishing the city, maybe the EIU is waiting for the Canucks to be good again to test whether the city has actually changed? Go Flames Go. 

Prevalence of petty crime 

Prevalence of violent crime

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Calgary Real Estate Statistics January 2022

January 2022 Calgary Real Estate Statistics Recap

To summarize the Calgary January 2022 real estate market in one video thumbnail... In January 2022 we saw multiple listings go for over six figures above list price, with unconditional offers! 

Inventory in Calgary is now at only 2,620 units, this represents a significant decrease (35% from 2021) with sales up over 66%! This months supply levels reached the lowest we've seen since 2006. 

“Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie. “We did see more listings this month, but it did little to change the market balance or take any pressure off…

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What is a builder’s rate hold?

Instead of buying a prebuilt home, some clients decide to build their own home. When you, (or your builder), are building a home from the ground up, it could be months or even years before you need your mortgage financing.  Depending on market conditions, it could be advisable to get a “builder’s rate hold” mortgage.  This is allows you to hold a, “worst case scenario” rate for the completion date of your new home.  

Special thanks to  our impact partners at the Spire Mortgage Team for assisting with this article! Find out more (at the end of this article) about this incredible mortgage team that helps out hundreds of our clients every year. 

When would I need a Builder’s Rate Hold Mortgage?

You would need a builder’s rate hold when the…

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Calgary Real Estate Statistics December 2021

December 2021 Calgary Real Estate Statistics Recap

If you're thinking about selling your home, now is the time. We are seeing an unprecedented amount of demand on all of our listings.  Our marketing has continued to outpace the industry and has given us some impressive results for our sellers.

Our team is generating many multiple offer situations for our listings, with some homes selling well above list price and in certain instances unconditional offers sight unseen! 

Why is this happening? Calgary is still one of the biggest major cities in Canada left that is still attractive (from an affordability perspective) to live in. While the weather may not be too convincing as of late, many buyers from out of province, and investors are targeting…

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Picking paint colours

Paint can make or break a room and if you are like most people you might be nervous about your paint selections. Picking the right colour is an extremely daunting task especially when you get to the paint store (We frequently have used and recommend Cloverdale in Calgary) and discover that ‘white’ or ‘grey’ have 100s of shades each. Just remember it is worth it!! The right execution can elevate a space from small, dingy and rough to clean, bright and fresh for a very minimal cost. Paint is probably the best investment you can make when getting ready to sell your home. Here are a few steps to make choosing the right colour less stressful, help with the process and ensure if you do make a mistake it keeps the time and costs to a minimum. 

Keep reading…

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Calgary Real Estate Statistics November 2021

November 2021 Calgary Real Estate Statistics Recap

Back in September sales were STRONG and they're continuing to be red hot, the city of Calgary and surrounding areas markets continue to stay hot and in demand, with inventory continuing to battle the fast paced sales on the market.  

In November we saw over 2,000 sales across all property types, this is just shy of the previous record which was set in 2005. While some economists believe this to be driven by what's believed to be impending interest rate increases, the truth is, we really can't say for certain that this is the leading cause. Our country continues to open up for immigration, major cities in provinces like Ontario and British Columbia continue to demand housing prices and costs that are…

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MOVING DAY MISTAKES TO AVOID

After countless hours of house searching, viewing and signing all the papers, the day is almost here—moving day! Finding your dream home can feel like a rush, so when it comes time to finally move into it, a few key things may be forgotten about. And let’s be real, moving isn’t fun for anyone. Luckily, you’ve got us to make sure the transition into your new home is easy and stress-free.

Here are the top seven moving day mistakes we see and how you can avoid them: 

Not downsizing before moving day

If you’re sitting here thinking that you don’t have that much stuff, then sure, we’ll believe you. But take it from us when we say people typically own more than they think they do. Chances are, all the items in that drawer you never open will just sit…

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Calgary Real Estate Statistics October 2021

October 2021 Real Estate Stats

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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How to Invest in Real Estate: Tips for Beginners

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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Calgary Real Estate Statistics September 2021

September 2021 Calgary Real Estate Statistics Recap

The headline for September real estate in Calgary? SALES REMAIN STRONG. 

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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