I have sold a property at 30 131 Templehill DRIVE NE in Calgary.
A must see renovated townhouse that backs on to a quiet green space, with fenced back yard. All brand new kitchen appliances: stove, fridge and dishwasher. Plus brand new laundry pair: washer & dryer. Updated kitchen cabinets with tiled floor leading into dining doom and living room (laminated flooring), with access to yard. Brand new carpet on stairs leading to three bedrooms, all with new carpet, paint and new doors. Nicely renovated 4 piece bathroom adds value to this home. Condo fee includes water, sewage and garbage, exterior maintenance, snow removal, insurance, and landscaping for the complex. Stop Renting or Add this beautiful home in your rental portfolio. QUICK POSSESSION AVAILABLE. The home is located in a quiet complex, within walking distance to schools, transit and shopping.
Read full post

I have listed a new property at 30 131 Templehill DRIVE NE in Calgary.
A must see renovated townhouse that backs on to a quiet green space, with fenced back yard. All brand new kitchen appliances: stove, fridge and dishwasher. Plus brand new laundry pair: washer & dryer. Updated kitchen cabinets with tiled floor leading into dining doom and living room (laminated flooring), with access to yard. Brand new carpet on stairs leading to three bedrooms, all with new carpet, paint and new doors. Nicely renovated 4 piece bathroom adds value to this home. Condo fee includes water, sewage and garbage, exterior maintenance, snow removal, insurance, and landscaping for the complex. Stop Renting or Add this beautiful home in your rental portfolio. QUICK POSSESSION AVAILABLE. The home is located in a quiet complex, within walking distance to schools, transit and shopping.
Read full post

I have sold a property at 1134 34 STREET SE in Calgary.
PRICE JUST REDUCED!!! This is an ideal investment revenue/rental property with tenants in place, and willing to stay. Or can sell to family that want to move in. Bungalow on large fenced lot on quiet street. Three bedrooms up, with two bathrooms, attached garage. Hardwood in kitchen. Newer front deck with sunny west exposure. Newer high efficiency furnace & water tank. Basement is finished with bathroom, bedroom area, and living room. Great location on a family street, close to the LRT Franklin station, 6 MINS to downtown, close to schools, playground, shops. This location is considered INNER-CITY living, providing both comfort and convenience. Don't miss this opportunity! Lot size: 50 feet frontage by 130.7 feet deep.
Read full post

Please find attached the Calgary Housing Summary, that just came out on 1st June.
The market is still very busy and favours sellers.
Detached homes prices have risen by 16.6% across the city (over the past 12 months), even though sales have moderated.
 
One thing to bear in mind is: Calgary is not Vancouver or Toronto, so if you have been looking at
Canadian news about real estate, you will often hear that house prices are coming down, which may be the case in the two large cities. However Calgary has its own economic indicators, such as very high oil prices, excellent economic growth, 
and net migration into Alberta, is very strong. Plus Calgary is very affordable compared to the two big cities.    
Read full post

Many buyers and sellers are asking: "where is the real estate market going in Calgary?"

On the one hand we have the Bank of Canada raising bank & mortgage rates, which slows the economy, but on the other hand we have oil around $110 (WTI), unemployment coming down, net migration into Alberta is rising & diversification is in full swing. Right now we have a sellers market for detached, semi-detached and townhouses.

Recent price gains and tight market conditions have also encouraged many sellers to list their home this month. However, demand was strong enough to absorb the additional supply,
ensuring the market continues to favour the seller. With 4,670 new listings coming onto the market in April, inventory levels trended up relative to last month and last year. With the elevated sales, the months of supply remains below two months. 

House priced above $600,000 represented 25 per cent of the sales that occurred this month. This is a significant increase from last year when they only represented 12 per cent of sales. The shift in distribution is causing both the average prices to record double-digit year-over-year price gains.

More bank rate increases could start to slow the Calgary market, but right now its a sellers market in may communities. It is not evenly spread, the newer communities are attracting more buyers and price gains. Do you need more information on your community & how it is performing? Please contact me. 
Read full post

I have listed a new property at 1134 34 STREET SE in Calgary.
Open House Sunday 10 April, 2pm to 4 pm. Bungalow on large lot on quiet street. Three bedrooms up and one down, with two bathrooms, attached garage. Hardwood in kitchen. Newer front deck with sunny west exposure. Newer high efficiency furnace & water tank. Reliable & responsible tenants are wanting to stay. Basement is finished with bathroom, bedroom, and living room. Good holding and/or rental property.
Read full post

Please visit our Open House at 1134 34 STREET SE in Calgary.
Open House on Sunday, April 10, 2022 2:00PM - 4:00PM
Open House Sunday 10 April, 2pm to 4 pm. Bungalow on large lot on quiet street. Three bedrooms up and one down, with two bathrooms, attached garage. Hardwood in kitchen. Newer front deck with sunny west exposure. Newer high efficiency furnace & water tank. Reliable & responsible tenants are wanting to stay. Basement is finished with bathroom, bedroom, and living room. Good holding and/or rental property.
Read full post

Calgary & area residents want to know the value of their property right now! And see how much it has gone up! This chart shows the average sold price of homes in Calgary for the past 3 years. Need detailed sold data on your home & community? Contact Geoff, REALTOR at CIR Realty, at : 403 608 5682 call or text.
Its a sellers market right now for row, semi, and detached homes. Apartment sales is still balanced but moving towards a sellers market. Investor alert!! Apartments could be the next big price jump. Next month I will focus on Luxury property prices. 


Calgary is in a unique position right now to see a major shift in real estate prices. We are already beginning to see it in detached homes and apartments will follow. Need an online house evaluation? Message me now!

Read full post

We have a Hot Calgary Market! What is happening to Calgary real estate market? Cash offers! Competing offers! Offers way over list price! Prices rising fast! Frustrated buyers! No condition offers! The detached market has gone a little crazy.

Detached Market: This is where the market has shifted dramatically. Prices are rising month over month. We have had a 14% increase in prices over the past 12 months and this is accelerating. We just had a 2% increase in the last month from previous month.
Why is this happening? Many reasons:

1) Net migration into Calgary is up. 
Migration is one of the main drivers in house price increases.

2) Mortgage rates are low.
3) We are moving towards full employment.
4) Calgary house prices are very affordable compared to Toronto and Vancouver. Many young people are moving here.
5) Oil is over $90 and rising. And diversification is happening.
6) Very few homes on the market for buyers to choose. Low inventory!

Sellers are seeing multiple offers coming in as soon as they list their home. Some are cash offers way above list price. We are seeing unconditional Offers $50,000 and over the list price. The Attached and Row markets are following the detached market.

The apartment market is not as hectic and is a balanced market right now. But sales have dramatically increased. We are seeing sales closing in on the sales of 2007. The apartment market is turning and given the right conditions may follow the surge we had in 2007.

What is your Calgary house worth right now? 



Read full post

I have sold a property at 3114 43 STREET in Calgary.
** BRAND NEW ** French Country Style, 2 Storey infill, nestled on a whisper quiet tree lined street in Glenbrook! Check out these these stunning features: chef's kitchen with 10' quartz island & high end appliance package, 10 foot ceilings on main floor / 9 foot ceilings upper & basement, upper office/loft area, cozy gas fireplace, amazing master retreat with 5-piece spa like master bath/roughed-in steam shower/walk-in closet/heated floors, chic hardwood flooring/tile flooring, built-ins in EVERY closet, large dining room with stylish/customizable feature wall, large functional mudroom, roughed-in in-floor heat (in-slab) & roughed-in A/C, double detached garage (20x20), good sized backyard with large deck & BBQ line, basement wet bar, towering vaulted ceilings in master bedroom, 3+1 bedrooms, 3.5 baths, upper laundry room with sink & much more! Location is unbeatable - in the heart of Glenbrook on a whisper quiet/tree lined street, all schools close by, only 10 min to DT & easy access to all amenities! Bumper to bumper warranty (1, 2, 5, 10)! All this AND - ALL LANDSCAPING INCLUDED - sidewalks/rear deck/fences & gates/stucco privacy wall & sod! Possession - August 2022! Please note that pictures are of a recent build but the end product will be similar.
Read full post
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.