Peshke Real Estate Team : Blog : Latest Blog Posts

Open House. Open House on Saturday, April 25, 2026 2:00PM - 4:00PM

Wed, 22 Apr 2026 10:07:03 GMT

Please visit our Open House at 1093 Midtown AVENUE SW in Airdrie. See details here

Open House on Saturday, April 25, 2026 2:00PM - 4:00PM

** OPEN HOUSE!! SATURDAY, APRIL 25TH 2026, FROM 2-4PM **Welcome to this beautifully built & upgraded 4 bedroom, walkout home in the sought-after community of Midtown in Airdrie. Ideally located just steps from 2 parks, Midtown Lake, scenic pathways & greenspace, this home offers a rare sense of space with a tranquil creek, pathway & greenspace directly behind it. Enjoy quick access to Sobeys, Co-op, nearby shopping & everyday amenities, along with convenient routes to Nose Creek Park, the QE2 & the rest of Airdrie & Calgary. Built in 2024 & barely lived in, this home offers the feel of brand new construction without the wait, with the added benefit of completed landscaping, fencing & window coverings, along with upgraded paint throughout & central air conditioning for year-round comfort. The thoughtfully designed layout features 3 bedrooms up, a spacious bonus room & a fully developed walkout basement with an additional bedroom. The main floor is both elegant & functional with a stunning kitchen showcasing full height cabinetry, built-in wall oven & microwave, induction stove, sleek finishes & a striking waterfall quartz island that anchors the space. The kitchen overlooks the dining area & family room where an electric fireplace with mantle creates a warm focal point, while the dining area opens onto a back deck complete with a gas line & water tap, perfect for outdoor living. A standout feature is the incredible pantry complete with a second dishwasher & sink, offering exceptional prep space, storage & convenience. Added comfort & efficiency come from honeycomb blinds, including 12 automated blinds that enhance both privacy & ease of living. Upstairs the spacious primary retreat overlooks the greenspace & offers a large walk-in closet plus a spa-inspired ensuite with custom wall tile, gorgeous shower feature, double sinks & a relaxing soaker tub. 2 additional well-sized bedrooms with walk in closets, a bright bonus room & an exceptional laundry room with sink, cabinetry & linen storage complete the upper level. The fully finished walkout basement features 9 ft ceilings & adds even more living space with a large recreation area, bedroom, full 3-piece bathroom & additional storage in the mechanical room. The attached 20x22 garage offers tall ceilings that may accommodate a lift, providing excellent potential for car enthusiasts or additional storage. Step outside to the sunny south facing yard where the natural creek setting, pathway & greenspace create a peaceful backdrop that is rarely available. This is a home that blends thoughtful upgrades, beautiful design & an unbeatable location into one truly special property.

HOT NEW PRICE & OPEN HOUSE!

Tue, 21 Apr 2026 22:21:47 GMT

Open House Sat April 25th, 2–4PM

Backing onto a creek, pathways & greenspace with a sunny south-facing yard—this is the one you’ve been waiting for.

1093 Midtown Ave SW, Airdrie

$775,000 | MLS A2292957

3+1 Bedrooms |

3.5 Bathrooms

20x22 Double Garage (tall ceilings)

Fully developed walkout

Built in 2024 & barely lived in—offering the feel of brand new without the wait, plus completed landscaping, fencing & window coverings.

Stunning kitchen with full-height cabinetry, built-in oven, induction stove & waterfall quartz island

Incredible pantry with second sink & dishwasher

Central A/C + upgraded paint

Honeycomb blinds for added comfort & efficiency

Bonus room + beautiful primary retreat overlooking greenspace

9’ walkout basement with rec space, bedroom & full bath

Steps to parks, Midtown Lake, shopping & easy access to QE2

Tour + more info: link in bio

403-681-0319

Calgary & Area March Stat Snapshot

Fri, 10 Apr 2026 17:57:20 GMT

Thinking of Buying or Selling in 2026? Start with March’s data

Have questions about how these numbers affect your plans this year?

We’re here to help you make sense of the market.

Open House. Open House on Saturday, April 11, 2026 11:00AM - 1:00PM

Fri, 10 Apr 2026 09:57:12 GMT

Please visit our Open House at 736 Lake Bonavista DRIVE SE in Calgary. See details here

Open House on Saturday, April 11, 2026 11:00AM - 1:00PM

*Open House Saturday April 11, 11am-1pm* Welcome to a classic Keith-built Lake Bonavista family home in an unbeatable location just a short walk to the lake only a few minutes from your front door, making it easy to enjoy the lake lifestyle all year round. The main floor has been refreshed with luxury vinyl plank flooring, creating a brighter, more modern feel throughout while maintaining the warmth of this well-loved home. The Trafalgar floor plan offers excellent functionality with two spacious living areas on the main level. A front living & dining space is filled with natural light from large picture windows, while the cozy family room features a brick-facing gas fireplace for more relaxed evenings. The updated kitchen is both stylish & practical with induction cooktop, built-in oven, stainless steel appliances, undermount lighting, instant hot water tap & a central island. A charming corner nook overlooks the backyard. The rear mudroom includes built-in cubbies & convenient access to a 2 pc bath. Upstairs features 4 bedrooms, ideal for families. The primary suite accommodates a king-sized bed & includes a 2 pc ensuite. With four bedrooms up, there is also potential to reconfigure the space for a larger ensuite, walk-in closet or upper laundry. The fully developed basement adds even more living space with bamboo flooring, a large rec area, additional family room, a bedroom with its own 3 pc ensuite & extensive built-in storage. There is also flex room that could be used as a sixth bedroom or additional workspace if needed. This home has seen extensive upgrades over the years including triple pane argon Lux windows (2022), high efficiency furnace (2017), hot water tank (2017), shingles (2019), reverse osmosis system & water softener. The backyard is designed for both function & enjoyment with a covered deck that has been re done, brick patio, sunny yard, a sunken parking pad & a charming treehouse. The heated, insulated & finished garage (built 2014) includes 220 power, Hardie board siding & pull-down attic storage. Paved rear lane adds convenience. A rare opportunity to own a move-in ready home in one of Calgary’s most sought-after lake communities, offering space, upgrades & an unbeatable lifestyle location.

Open House. Open House on Saturday, April 11, 2026 2:00PM - 4:00PM

Fri, 10 Apr 2026 09:57:12 GMT

Please visit our Open House at 12048 Township Road 282 in Rural Rocky View County. See details here

Open House on Saturday, April 11, 2026 2:00PM - 4:00PM

*Open House Saturday April 11, 2-4 PM* Welcome to this beautifully maintained 30.89 acre property in Rocky View County, zoned Ag General, offering a perfect blend of privacy, functionality & convenience just under 10 mins to Airdrie & 25 mins to Calgary Airport. Entering the home you are greeted by a spacious foyer with durable tile flooring leading upstairs to the bright main level featuring large windows, vaulted ceilings & an inviting family room with gas fireplace. The kitchen showcases rich cabinetry, granite countertops, stainless steel appliances, plus a cozy breakfast nook surrounded by windows, while a separate formal dining area sits adjacent for larger gatherings. Just off the kitchen is a convenient laundry room combined with a 1/2 bath & direct access to the newer deck overlooking the property. The main level includes 3 bedrooms including a primary retreat with walk-in closet & 3 pc ensuite, along with a full 4 pc bathroom. The mostly finished basement offers approximately 1075 sq ft with 2 additional bedrooms, a large open rec space, plenty of natural light for a lower level, plus room to add another bathroom & potentially a 6th bedroom or flex space with only about 250 sq ft left to complete. The home is finished with durable Hardie board siding, has central air conditioning & shingles replaced in 2022 along with the deck. Outside you will find a 23x21 attached double garage, a 40x60 barn/shop, fenced & cross fenced pasture, a waterer conveniently located near the barn, plus a scenic meandering creek bordering the property creating a picturesque & functional rural setting ideal for livestock, hobby farming or simply enjoying acreage living.

COMING SOON - Lake Bonavista

Wed, 08 Apr 2026 17:39:23 GMT

$998,900

Lake Living!

Huge Yard

4 Bedrooms Up +2 Down

Bathrooms

Oversized Dbl Garage

Call/message us for more details: 403-681-0319

Spring Home Maintenance!

Tue, 07 Apr 2026 21:23:01 GMT

As the snow melts & everything starts to thaw, spring is the perfect time to give your home a quick check-up. After a long Alberta winter, there are a few key areas that can quietly take a hit & catching them early can save you a lot of money & stress later.

Start outside. Walk your property & look for any damage to siding, shingles, soffits, or eavestroughs. Ice buildup over winter can loosen or crack things & spring rain will find those weak spots fast. Make sure your downspouts are clear & directing water away from your foundation.

Next, check your grading. With snow melt, you’ll quickly see if water is pooling near your home. If it is, that’s something to address right away to avoid moisture issues in your basement.

Windows & doors are another big one. Check for drafts, cracked seals, or condensation between panes. Even small gaps can impact your energy efficiency more than you’d think.

Inside the home, it’s a good time to service your furnace & replace filters. After running all winter, your system will benefit from a quick refresh. If you have a humidifier, clean it out to prevent buildup.

Don’t forget about plumbing. Check under sinks, around toilets & near your hot water tank for any signs of leaks or corrosion. Spring is often when small issues show up after months of use.

If you have a deck, fence, or acreage features like barns or outbuildings, give them a once-over too. Look for shifting, loose boards, or wear from snow load. Early repairs are always easier than bigger fixes later on.

Taking an hour or two to go through these items now can prevent much larger headaches down the road & keep your home running smoothly as we head into the warmer months.

If you’re thinking about selling this spring, this is also a great starting point. A well-maintained home not only shows better, but often sells faster & with fewer conditions.

If you’d like a quick walkthrough or want to know what buyers are really paying attention to right now, just reach out, we’re always happy to help.

Coming Soon! Rocky View County

Mon, 06 Apr 2026 22:41:18 GMT

$899,900

31 Acres

1368 Sq Ft Raised Bungalow, Zoned Small Agricultural

3 Bedrooms Up

2.5 Bathrooms

Dbl Attached Garage

Fenced and Cross Fenced

Call/message us for more details: 403-681-0319

Trends Differ Based On Property Type

Thu, 02 Apr 2026 18:54:26 GMT

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.

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.

“When considering total residential housing statistics, conditions appear to be relatively balanced as sales, new listings, inventories and prices all trended up over the previous month as we start to move into the spring market,” said Ann-Marie Lurie, CREB®’s Chief Economist. “However, when we look deeper, we are seeing a market that ranges from tighter conditions for detached homes to the apartment sector, where conditions tend to favour the buyer. As expected, this is supporting upward momentum in detached prices and downward pressure in the apartment condominium sector.”

The total unadjusted benchmark price in the city was $565,600, up nearly one per cent compared to February but down by more than four per cent compared to last year. After the first quarter, benchmark prices posted modest to stable conditions for lower density homes. However, apartment condominium prices continued to slide, dropping another three per cent in the first quarter compared to the fourth quarter of last year.

Detached

The detached market is exhibiting the tightest conditions compared to all other property types. With 982 sales and 1,614 new listings in March, the sales-to-new-listings ratio rose to 61 per cent, while inventory levels remained similar to those reported last year. With just over two months of supply, conditions in March closely resembled those seen last year at this time. However, conditions varied across the city, with less than two months of supply reported in the North West, West, South, South East and East districts. Meanwhile, conditions were relatively balanced in both the City Centre and North districts, while the North East district continues to struggle with higher supply relative to demand. The detached benchmark price was $741,300 in March, down by three per cent over last year’s peak price of $766,600. However, tight conditions in most parts of the city are driving some price gains. After the first quarter, the largest quarterly gain was reported in the West district, followed by the City Centre and South districts.

Semi-Detached

Semi-detached sales rose over last year’s levels for the second consecutive month, supported by improvements in new listings and inventory levels. With 480 units in inventory and 193 sales, both levels are comparable to long-term trends and conditions remain relatively balanced. As of March, the unadjusted benchmark price was $686,100—slightly higher than last month and only one per cent lower than last year’s levels. Like other property types, there remains a range in price movements dependent on location. By the end of the first quarter, prices have trended up across most districts, but year-over-year prices remain below last year’s levels in all districts except the City Centre, North West and West districts.

Row

Row home sales continue to slow compared to last year in March, contributing to a first-quarter decline of 19 per cent. The 778 sales in the first quarter were met with 1,581 new listings, keeping the sales-to-new-listings ratio just below 50 per cent and supporting further inventory gains. In March, there were 960 units in inventory — 25 per cent higher than long-term trends — causing the months of supply to rise to nearly three months. While the row market is relatively balanced in most areas of the city, conditions are favouring the buyer in the North East districts. As of March, the unadjusted benchmark price in the city was $423,900, similar to last month and over six per cent lower than levels reported last year. After the first quarter, benchmark prices remain relatively comparable to levels reported in the previous quarter, as quarterly losses in the North East, North, South East and East districts offset the gains reported in the City Centre and West districts.

Apartment Condominium

Supply levels continue to rise for apartment-style units. With 1,774 units in inventory, levels are just shy of the record high for the month reported during the financial crisis in 2008. New supply growth, along with a sharp pullback in sales relative to new listings, has contributed to the rise in resale inventories. With the sales-to-new-listings ratio hovering around 40 per cent and nearly five months of supply, it is not surprising that prices struggle to improve. As of March, the unadjusted benchmark price was $300,300 — slightly higher than last month but over nine per cent lower than last year’s levels. After the first quarter of this year, apartment prices have eased by nearly three per cent compared with the fourth quarter of last year. While prices eased across all districts, the largest declines occurred in the South and North districts, both exceeding four per cent.

REGIONAL MARKET FACTS

Airdrie

With 135 sales and 251 new listings, the sales-to-new-listings ratio remained above 50 per cent, supporting modest improvements in inventory and keeping the market relatively balanced at three months of supply. As conditions stay more balanced, prices are showing more signs of stabilizing. In March, the unadjusted benchmark price was $512,800, similar to last month but more than five per cent lower than last year’s levels. Supply choice in the new-home market, along with more options in both Airdrie and north Calgary, has contributed to some of the recent price adjustments in the Airdrie market.

Cochrane

Following a surge in February sales, activity in March eased. After the first three months of the year, sales totalled 235 units, comparable to levels reported last year. At the same time, new listings have been rising at a faster pace, and the sales-to-new-listings ratio has struggled to push above 50 per cent. This has driven inventory gains and caused months of supply to trend up compared with the previous month. Nonetheless, conditions are mostly in-line with longer-term trends, reflecting relatively balanced conditions. This has helped support some of the typical seasonal gain in prices, but not enough to offset earlier pullbacks. Overall, the unadjusted benchmark price in March is $561,200, four per cent lower than levels reported last year.

Okotoks

Improving sales in March were not enough to offset earlier pullbacks, and the first-quarter sales eased slightly compared with last year. Meanwhile, new listings continued to increase, helping shift the market away from extremely tight conditions. However, inventory levels continue to remain relatively low, and the months of supply sit just over two months. As of March, the unadjusted benchmark price was $618,100, trending up compared to levels reported at the end of 2025 and supporting a modest quarterly gain. Despite the improvement, prices remain more than one per cent lower than levels reported at this time last year.

Open House. Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

Fri, 20 Mar 2026 10:13:36 GMT

Please visit our Open House at 1093 Midtown AVENUE SW in Airdrie. See details here

Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

*OPEN HOUSE SATURDAY MARCH 21st, 2-4PM* Welcome to this beautifully built & upgraded 4 bedroom, walkout home in the sought-after community of Midtown in Airdrie. Ideally located just steps from 2 parks, Midtown Lake, scenic pathways & greenspace, this home offers a rare sense of space with a tranquil creek, pathway & greenspace directly behind it. Enjoy quick access to Sobeys, Co-op, nearby shopping & everyday amenities, along with convenient routes to Nose Creek Park, the QE2 & the rest of Airdrie & Calgary. Built in 2024 & barely lived in, this home offers the feel of brand new construction without the wait, with the added benefit of completed landscaping, fencing & window coverings, along with upgraded paint throughout & central air conditioning for year-round comfort. The thoughtfully designed layout features 3 bedrooms up, a spacious bonus room & a fully developed walkout basement with an additional bedroom. The main floor is both elegant & functional with a stunning kitchen showcasing full height cabinetry, built-in wall oven & microwave, induction stove, sleek finishes & a striking waterfall quartz island that anchors the space. The kitchen overlooks the dining area & family room where an electric fireplace with mantle creates a warm focal point, while the dining area opens onto a back deck complete with a gas line & water tap, perfect for outdoor living. A standout feature is the incredible pantry complete with a second dishwasher & sink, offering exceptional prep space, storage & convenience. Added comfort & efficiency come from honeycomb blinds, including 12 automated blinds that enhance both privacy & ease of living. Upstairs the spacious primary retreat overlooks the greenspace & offers a large walk-in closet plus a spa-inspired ensuite with custom wall tile, gorgeous shower feature, double sinks & a relaxing soaker tub. 2 additional well-sized bedrooms with walk in closets, a bright bonus room & an exceptional laundry room with sink, cabinetry & linen storage complete the upper level. The fully finished walkout basement features 9 ft ceilings & adds even more living space with a large recreation area, bedroom, full 3-piece bathroom & additional storage in the mechanical room. The attached 20x22 garage offers tall ceilings that may accommodate a lift, providing excellent potential for car enthusiasts or additional storage. Step outside to the sunny south facing yard where the natural creek setting, pathway & greenspace create a peaceful backdrop that is rarely available. This is a home that blends thoughtful upgrades, beautiful design & an unbeatable location into one truly special property.

Bank of Canada Holds Rates Steady

Wed, 18 Mar 2026 19:12:32 GMT

*Article courtesy of the Bank of Canada

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of the conflict, and hence its economic impacts, are highly uncertain.

Prior to the war, the global economy was on pace to grow at around 3%, as expected in the January Monetary Policy Report (MPR). Economic growth in the United States has moderated but remains solid, driven by consumption and strong AI-related investment. US inflation remains above target and has evolved largely as expected. In the euro area, domestic demand is supporting growth while exports have contracted. China’s economy continues to be boosted by strength in exports, but domestic demand remains weak.

Since the outbreak of the conflict in the Middle East, global oil and natural gas prices have risen sharply, and this will boost global inflation in the near-term. In addition to energy supply disruptions, transportation bottlenecks stemming from the effective closure of the Strait of Hormuz could impact the supply of other commodities, such as fertilizer. Financial conditions have tightened from accommodative levels. Global bond yields have risen, equity market prices have declined, and credit spreads have widened. The Canada-US dollar exchange rate has remained relatively stable.

After expanding by 2.4% in the third quarter of last year, GDP in Canada contracted 0.6% in the fourth quarter. This was weaker than expected at the time of the January MPR, but mainly because of a larger-than-expected drawdown in inventories. Domestic demand grew by more than 2% due to strength in consumer and government spending, even as housing markets remained weak.

We continue to expect the Canadian economy to grow modestly as it adjusts to US tariffs and trade policy uncertainty, but recent data suggest that near-term economic growth will be weaker than anticipated in January. The labour market remains soft. Employment gains in the fourth quarter of 2025 were largely reversed in the first two months of 2026, and the unemployment rate rose to 6.7% in February. Looking through the volatility, recent data also suggest ongoing weakness in exports. It’s too early to assess the impact of the conflict in the Middle East on growth in Canada.

CPI inflation eased further to 1.8% in February, down from 2.3% in January. CPI inflation excluding changes in indirect taxes as well as core inflation measures have also come down and are all close to 2%. Food inflation slowed in February but remains elevated. The sharp increase in global energy prices has led to increases in gasoline prices, and this will push up total inflation in the coming months.

Against this overall backdrop, Governing Council decided to maintain the policy rate at 2.25%. With recent data pointing to weaker economic activity and uncertainty elevated, risks to growth look tilted to the downside. At the same time, inflation risks have gone up due to higher energy prices. We will continue to assess the impact of US tariffs and trade policy uncertainty, and how the Canadian economy is adjusting. We are also monitoring the unfolding conflict in the Middle East closely and assessing its impact on growth and inflation. As the outlook evolves, we stand ready to respond as needed. The Bank is committed to ensuring that Canadians continue to have confidence in price stability through this period of global upheaval.

Information note

The next scheduled date for announcing the overnight rate target is April 29, 2026. The Bank’s next MPR will be released at the same time.

Coming Soon! 1093 Midtown Ave SW, Airdrie

Mon, 16 Mar 2026 18:08:06 GMT

$849,900

Fully Dev Walkout W/Sunny South-Facing Backyard - Backing Creek & Greenspace

3+1 Bedroom

3.5 Bathroom

Dbl Attached Garage w/High Ceiling

Call/message us for more details: 403-681-0319

#comingsoon #midtownairdrie #peshketeam #peshkerealestateteam #airdrierealtor

JUST LISTED! 820 - 15th Ave SW, Calgary

Sat, 07 Mar 2026 00:21:54 GMT

!JUST LISTED!

820 15th Ave SW, Calgary

https://tinyurl.com/34tre44p

$314,900 MLS A2291192

Huge West Facing Patio

2 Bedroom

2 Bathroom

Underground Titled Parking

Call/message us for more details: 403-681-0319

Exceptional Downtown Living with Rare Private Yard and Titled Underground Parking! Welcome to this beautifully maintained 2-bedroom, 2-bathroom ground-level condo located in the heart of Calgary’s vibrant Beltline district. Offering an ideal blend of comfort, convenience, and lifestyle, this unique unit stands out with one of the most desirable features you’ll find in downtown living — a large private west-facing yard and patio, perfect for relaxing, entertaining, or enjoying sunny afternoons outdoors. Step inside to discover a bright, open-concept layout that seamlessly blends the kitchen, dining, and living areas, creating an expansive and inviting space that feels both functional and welcoming. The kitchen features granite countertops, stainless steel appliances, ample cabinetry, and a convenient pantry, making it ideal for everyday living and entertaining alike. Laminate flooring flows throughout the home, enhancing the modern feel while providing durability and easy maintenance. The spacious living room is anchored by a cozy gas fireplace, creating the perfect spot to unwind. The primary bedroom offers a walk-in closet, private access to the yard and patio, and a 4-piece ensuite bathroom. The second bedroom is generously sized and located near the 3-piece main bathroom, making it ideal for guests, roommates, or a home office. Highlights include: In-suite laundry room, titled underground parking, ground-level access for exceptional convenience, large private outdoor space rarely found in downtown condos. Living here places you steps away from everything that makes downtown Calgary living so desirable. Just outside your door you’ll find: The popular 17th Avenue SW “Red Mile” with its incredible selection of restaurants, cafés, and nightlife,. Grocery stores including Safeway, Save On Foods, Urban Fare etc! Local favourites like Analog Coffee, The Ship & Anchor Pub, National on 17th, and Ten Foot Henry. Boutique shopping, fitness studios, and everyday amenities. Easy access to downtown offices, parks, and river pathways. Quick connections to transit and major routes

Mortgage Renewals : Why getting ahead of it matters

Fri, 06 Mar 2026 19:01:33 GMT

The coming months are expected to mark one of the largest mortgage renewal waves Canada has seen in decades, and for many homeowners, the outcome will depend on how early they start planning. According to Canada Mortgage and Housing Corporation, about 1.15 million mortgages are set to renew this year, representing roughly 60% of all outstanding mortgages.

Many of those mortgages were originally set up when interest rates were much lower. As a result, renewal is top of mind for a lot of homeowners right now, especially those trying to understand what their next payment might look like.

That’s why timing matters. Renewal is one of the few moments when you can make changes to your mortgage without penalty, and starting early can make the process far less stressful than waiting until the last minute.

Most lenders now send renewal notices several months before maturity, and in some cases up to six months in advance. While that may seem early, it creates an opportunity. The more time you have, the more flexibility you may have to review your options carefully rather than feeling rushed into a decision. Even if nothing changes, having a plan in place early removes uncertainty and puts you back in control.

Understanding payment shock and your options

One of the biggest concerns at renewal right now is payment shock, the increase in monthly payments that comes with higher interest rates. Before making any decisions, it helps to see the numbers clearly. What would your payment look like at today’s rates, and how does that fit into your budget?

If the new payment feels tight, there may be ways to help ease the transition. Extending your amortization can lower your monthly payment by spreading it over a longer period. While this can increase interest costs over time, it can provide short-term breathing room.

For homeowners with sufficient equity, refinancing at renewal may also be worth exploring. In some cases, refinancing can help consolidate higher-interest debt, improve cash flow, or restructure your mortgage so it better fits your current situation. These options aren’t right for everyone, but they’re worth reviewing before locking into a new term.

Why renewal is more than just the rate

At renewal, it’s natural to focus on the rate. But mortgage features such as prepayment options, penalties and portability can all affect how well your mortgage works over the next few years. In some situations, a slightly higher rate with better flexibility can offer more peace of mind.

Renewal is also a chance to reset and make sure your mortgage still fits your goals. Starting early gives you time to ask questions, explore options, and move forward with confidence.

*Article courtesy of
Sean Rampersaud - Mortgage Associate
(780) 278-4847
sean.rampersaud@mortgagegroup.com

Mortgage renewals don’t have to feel overwhelming. In fact, they can be a great opportunity to reassess your financial picture and make sure your mortgage is still working for you.

Taking some time to review your numbers, current rates, and available options can bring clarity and help you make the best decision moving forward.

If your mortgage is coming up for renewal this year, we’d be happy to walk through everything with you and provide a personalized review so you can move forward with confidence.

One important thing to keep in mind is not to leave it until the last minute or allow your mortgage to automatically renew with your current lender, as that can sometimes mean missing out on better options.

If you'd like guidance or simply want to understand what your renewal could look like, feel free to reach out anytime and we’d be happy to connect you with some great lender options.

Detached Market Tightens While Apartments Remain Oversupplied

Mon, 02 Mar 2026 21:32:59 GMT

Calgary, Alberta, March 2, 2026 – 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.”

Tighter conditions for detached homes offset the higher supply levels in the apartment condominium sector, leaving citywide conditions relatively balanced at three months of supply and a sales-to-new-listings ratio of 55 per cent. Inventory levels reached 4,822 units in February, with condominiums and row homes representing more than half of all the inventory. At the same time, there were 1,526 sales in February, an 11 per cent decline over last February, mostly due to a sharp pullback in row and apartment sales.

Typical seasonal patterns tend to drive monthly gains in prices early in the year following the monthly slides reported at the end of the previous year. While February did report monthly benchmark price gains for most property types, prices continued to slide for apartment-style homes. However, monthly gains for lower-density homes offset the pullbacks for apartment units, leaving the total residential benchmark price of $560,500 one per cent higher than January, but still four per cent lower than last year's levels.

Detached

Both sales and new listings in February were similar to levels reported last year. With 736 sales and 1,269 new listings, the sales-to-new-listings ratio was 58 per cent. While this did not prevent further inventory gains, months of supply remained relatively balanced at just under three months. Conditions did vary across the city as the North East district struggled with excess supply, preventing any improvement in monthly prices. Meanwhile, the West district reported the tightest conditions with less than two months of supply.

In February, the unadjusted benchmark price for a detached home was $734,300, over one per cent higher than January, but still three per cent lower than last year's levels. The only districts to report both month-over-month and year-over-year gains were the City Centre and the West district.

Semi-Detached

Sales improved in February, reaching 175 units. At the same time, new listings rose to 253 units, causing the sales-to-new-listings ratio to rise to 69 per cent and preventing any improvement in inventory levels compared to January. This caused the months of supply to drop to 2.4 months, the lowest out of the four property types.

While this is a smaller segment of the market, the tighter conditions did result in slightly higher monthly price gains. As of February, the unadjusted benchmark price was $682,200, over two per cent higher than January and comparable to levels reported last year. Year-over-year price changes varied by district, with gains in the City Centre, North West and West offsetting declines in the North East, North, South, South East and East. In addition to typical seasonal factors, tighter conditions at the start of the year are helping support monthly price gains in most districts.

Row

Sales picked up in February compared to January, reaching 270 units. Meanwhile, after January’s surge in new listings, levels slowed to 491 units, helping bring the sales-to-new-listings ratio into more balanced territory at 55 per cent. While inventories did rise, the monthly gains in sales helped reduce the months of supply from over four months in January to just over three months in February.

The unadjusted benchmark price rose to $423,600 in February, in line with typical seasonal expectations. While prices are still five per cent lower than last February, there is significant variation between districts. The steepest year-over-year declines have occurred in the North East and East districts at over 10 per cent. Meanwhile, prices in both the West and City Centre are only slightly lower than levels reported last February.

Apartment Condominium

Despite a pullback in new listings in February, with 753 new listings and 345 sales, the sales-to-new-listings ratio remained low at 46 per cent, contributing to further inventory gains. February reported 1,580 units in inventory, high enough to keep the months of supply well over four months. The persistently higher supply levels continued to weigh on prices in February, as the monthly benchmark price dropped to $298,600, nearly one per cent below January and over nine per cent lower than prices reported last February.

Conditions do vary across the city. After the first two months of the year, the months of supply have ranged from over 11 months in the North East to below four months in the South district. The higher supply levels are weighing on prices across all districts. The largest year-over-year price adjustments have occurred in the North East, East and South East districts, which have seen declines surpassing 10 per cent.

REGIONAL MARKET FACTS

Airdrie

Sales and new listings totalled 122 and 236 units, respectively, in February, causing the sales-to-new-listings ratio to rise to 52 per cent. At the same time, inventories increased slightly over the previous month and last year, pushing above long-term trends. However, with just over three months' supply, conditions are considered relatively balanced. The unadjusted benchmark price was $512,200 in February, similar to the previous month, but still five per cent lower than last year's levels. Increased competition from the new home sector, along with increased supply choice in both Calgary and other surrounding areas, has contributed to some of the price adjustments that have occurred in Airdrie.

Cochrane

The gains in sales in February helped offset the new listings in the market. With 91 sales and 154 new listings, the sales-to-new-listings ratio rose to 59 per cent, preventing any significant shift in inventory levels. This caused the market to shift toward more balanced conditions with three months of supply. As of February, the total residential benchmark price was $553,500, slightly higher than January, but due to pullbacks mostly in the third quarter of 2025, prices remain three per cent lower than last February.

Okotoks

Sales in February slowed compared to new listings that came onto the market, causing the sales-to-new-listings ratio to fall below 60 per cent. This helped support some inventory gains in Okotoks for the month. However, inventory levels remained well below long-term trends and with under three months of supply, conditions remain relatively tight. The tighter conditions have once again contributed to some monthly gains in prices beyond what’s typically seen early in the year. As of February, the unadjusted benchmark price was $612,300, a two per cent gain over January and similar to levels reported last year.

OPEN HOUSE! Morningside - Airdrie

Fri, 20 Feb 2026 17:29:32 GMT

!OPEN HOUSE SATURDAY Feb 21st 2-4PM!

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$549,900 MLS A2287525

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This charming 3 bedroom bi level in Airdrie’s desirable Morningside community has been beautifully updated and is truly move in ready. Luxury, durable vinyl plank flooring and fresh paint span the main level, setting the tone for the bright living room with vaulted ceiling & cozy gas fireplace, a spacious dining area perfect for hosting family and friends, and a refreshed kitchen featuring quartz countertops, abundant storage, and brand new stainless steel appliances. The primary bedroom offers a walk in closet and a nicely updated 4 piece ensuite complete with new tile, faucets, shower kit, and a built in medicine cabinet. Two additional bedrooms and an updated 4 piece main bath provide comfortable space for kids, guests, or a home office. Thoughtful upgrades continue throughout the home, including new blinds, custom closet organizers, solid interior doors, updated baseboards and casings, black hardware, new electrical outlets and switches, and modern lighting throughout—including recessed lighting. The walk up basement is an excellent blank canvas, ready for your future development plans to add even more living space. Outside, enjoy a sunny south facing backyard that has been newly landscaped with a stone patio, rock beds, trees, and fresh sod. A double detached garage adds convenience and easy parking year round. Ideally located close to shopping, schools, parks, and with quick access to QE II, this home offers comfort, style, and convenience. Immediate possession is available.

Listed by Coby Gaudette - Remax First

Happy Family Day Weekend!

Fri, 13 Feb 2026 19:53:09 GMT

Wishing everyone a wonderful Family Day weekend!

Whether you're spending time with loved ones, enjoying the outdoors, or simply taking a well-deserved moment to slow down — we hope your weekend is filled with connection, laughter, and making memories that feel like home.

Family looks different for everyone, but the moments we share together are what truly matter. Enjoy every minute!

#FamilyDay #FamilyTime #MakingMemories #HomeIsWhereTheHeartIs #CommunityMatters #WeekendVibes #Grateful #AlbertaLiving #TimeTogether

Radon In Alberta Homes: What Every Homeowner & Buyer Should Know

Thu, 05 Feb 2026 17:15:33 GMT

What Is Radon?

Radon is a naturally occurring radioactive gas that forms from the breakdown of uranium in soil and rock. It is invisible, odourless, and tasteless, which means the only way to know how much is in your home is to test.

Radon is widely recognized as a major health risk indoors. According to Health Canada and other leading health authorities like the EPA and the WHO, long-term exposure to elevated radon is the number one cause of lung cancer in non-smokers and a leading cause overall.

Radon gas breaks down into radioactive particles that can be inhaled into the lungs. Over time, this exposure can damage lung tissue and increase the risk of lung cancer. The risk is much higher for people who smoke because radon and smoking together amplify risk.

How Radon Gets Into Your Home

Radon originates in the ground. Homes can draw in “soil gas” when indoor air pressure is lower than the pressure in the soil around and beneath the foundation. That pressure difference pulls gases upward into the building through openings where the home contacts the ground.

A helpful way to think about it is this: most radon issues are connected to what’s happening under and directly around the foundation. Radon often enters through pathways on the lowest level, including slab openings and below-grade joints.

Common Entry Points

It’s true that homeowners often focus on visible wall cracks, but radon entry is mainly about any opening connected to the soil. In many homes, radon pathways are most significant at the basement floor/slab level, joints, sump areas, and utility penetrations.

Health Canada lists typical entry routes as:
Cracks or flaws in floor slabs and foundation walls, floor/wall joints, exposed soil in crawlspaces, gaps around utility penetrations and support posts, floor drains, and sumps.

A practical note on sealing: sealing cracks can be a worthwhile step for general air leakage and moisture control, but on its own it rarely solves a radon problem because there are often multiple entry pathways. If radon levels are high, the most reliable fix is usually a mitigation system that gives soil gas a better path to the outdoors (instead of into the home).

Does My Home Require Testing?

Health Canada recommends that every homeowner test because radon can be present in any home, regardless of age, style, or how well it’s maintained and because you can’t detect it without a test.

Local context matters too. A large Canadian dataset (including Prairie regions) has found a meaningful portion of homes testing above Health Canada’s guideline, and many more above the World Health Organization’s suggested reference level.
You can explore Canadian results (including Calgary-area context) via the Cross Canada Radon Survey.

How Radon Testing Is Conducted

The best overall approach is long-term testing because radon fluctuates from day to day and season to season. Since radon is a long-term health risk, what matters most is the long-term average.

Step 1: Choose the right type of test
Long-term test (recommended): 91 days to 12 months. This is Health Canada’s preferred method for an accurate home average.
Short-term test: 2 to 7 days. This can be useful for screening, but it’s less reliable and can sometimes create false reassurance or unnecessary worry if interpreted as “the final answer.”

Step 2: Use an accurate, recognized device
Whether you use a lab-based long-term kit or a consumer-grade digital monitor, accuracy matters. Health Canada and the Canadian radon community have warned that some consumer radon detectors sold online have been recalled due to inaccurate readings.
A practical consumer resource is the C-NRPP list of consumer-grade electronic radon monitors (including guidance on device performance).

Step 3: Place it correctly
In general, place the test on the lowest lived-in level of the home (often the basement), away from windows, exterior doors, floor drains, and heat sources. Follow the device instructions carefully so results aren’t skewed.

Understanding Radon Test Results

Health Canada’s guideline is 200 Bq/m³. If your long-term average is above that, Health Canada recommends taking action to lower radon levels within 1 year, and sooner if levels are higher.

Other commonly referenced guidelines include:
The World Health Organization suggests a national reference level of 100 Bq/m³ where possible, and that it should not exceed 300 Bq/m³.
The U.S. Environmental Protection Agency recommends fixing homes at or above 4 pCi/L (about 150 Bq/m³) and also suggests considering action between 2 and 4 pCi/L (about 75–150 Bq/m³).

Don’t Panic if Your Results Are High

Radon is a long-term risk, not an emergency. A high result doesn’t mean immediate danger over weeks or a couple of months. It means it’s wise to plan mitigation so your long-term exposure is reduced.

The good news: radon is fixable. Most homes can be effectively mitigated with proven methods that redirect soil gas safely outdoors.

Optional Local Resource Note

If you’d like help with next steps, Health Canada recognizes C-NRPP certification for radon measurement and mitigation professionals in Canada. One Airdrie, Alberta based company listed through these channels is Radon Care. Their website is www.radoncare.ca

Disclosure: We do not receive compensation for referrals. This information is shared as an educational resource and homeowners can choose any qualified provider.

For more info: Health Canada radon information and guidance: https://www.canada.ca/en/health-canada/services/health-risks-safety/radiation/radon.html

Calgary & Area Jan 2026 Snapshot

Thu, 05 Feb 2026 16:34:17 GMT

Thinking of Buying or Selling in 2026? Start With January’s Data

Have questions about how these numbers affect your plans this year?

We’re here to help you make sense of the market.

Creb Monthly Update for January 2026

Mon, 02 Feb 2026 21:35:18 GMT

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.”

The rise in new listings compared to sales caused inventory levels to increase to 4,391 units, the highest January level since 2020. However, as with sales, conditions vary by property type, with row and apartment homes facing higher levels of inventory compared to long-term trends. The result is months of supply that ranges from under three months in the detached sector to five months for apartment-style homes.

Due to declines in the later part of 2025, benchmark prices are lower than levels reported at the start of last year. However, seasonally adjusted figures point to stable levels in January compared to the end of 2025. Nonetheless, year-over-year total residential benchmark prices have declined by nearly five per cent, as steep declines reported in the oversupplied row- and apartment-style homes weighed on total residential prices compared to last year.

Detached

There were 657 sales and 1,243 new listings in January, comparable to levels reported last year. However, new listings did rise over December levels, causing inventories to reach 1,753 units, just shy of long-term averages for the month. With less than three months of supply and a sales-to-new-listings ratio of 53 per cent, conditions remained relatively balanced in the detached market.

The January unadjusted benchmark price was $724,000, slightly lower than the previous month and over three per cent lower than last January, as prices trended down over the second half of 2025. Price movements varied throughout the city, with year-over-year declines ranging from less than one per cent in the West district to over six per cent lower in the North East. While unadjusted prices did ease over December, this was mostly due to pullbacks in the City Centre and North West districts.

Semi-Detached

There were 118 sales in January and 251 new listings, representing 10 per cent of the market activity in the city. While both sales and new listings improved over December, the growth in new listings was higher, causing the sales-to-new-listings ratio to ease to 47 per cent. Inventory levels improved but conditions remained relatively balanced, with three and a half months of supply.

Rising supply, which started in the latter part of 2025 and continues into 2026, is creating more price stability. As of January, the benchmark price was $667,000, similar to last month and only one per cent lower than last January. Year-over-year prices in both the North West and West districts remain higher than last year but are lower in every other district.

Row

There were 186 sales in January, down by nearly 25 per cent compared to last year. Meanwhile, supply continued to rise both in terms of new listings and inventory growth, causing the months of supply to push above four months.

Despite the added supply, the unadjusted benchmark price remained similar to December's levels, but was five per cent lower than last January. The month-over-month stability was due to gains in the City Centre and West districts. Year-over-year price adjustments have been the highest in the North East and East districts, followed by the North and South East districts, which have faced significant competition from the new-home market.

Apartment Condominium

Apartment-style units continue to struggle with supply. New listings reached 787 units, which is not as high as last year but a significant jump over December and much higher than the 273 sales reported in January, pushing the sales-to-new-listings ratio down to 35 per cent. This drove further gains in inventory, which reached 1,435 units, the highest levels ever reported for January.

With over five months of supply in January, it is not surprising that prices trended down further. The unadjusted benchmark price was $301,200, nearly one per cent lower than the previous month and eight per cent lower than last January. Prices have been falling across every district, with year-over-year declines ranging from 13 per cent in the North East to six per cent in the City Centre.

REGIONAL MARKET FACTS

Airdrie

While down from last January, sales activity remained relatively strong. With 106 sales and 227 new listings, the sales-to-new-listings ratio dropped to 47 per cent, slightly lower than typical for January. This resulted in some further gains in inventory levels, keeping the months of supply just above three months and in line with long-term trends. The unadjusted benchmark price was $513,900, reporting a modest monthly gain consistent with seasonal trends. However, thanks to pullbacks last year, prices remain five per cent lower than levels reported in January 2025.

Cochrane

New listings rose to 149 units, the highest level ever reported in January. With only 54 sales, the sales-to-new-listings ratio dropped to 36 per cent, causing inventories to rise and keeping months of supply at five months. After several months of slightly higher months of supply, prices have trended down on a month-over-month basis for three consecutive months. As of January, the unadjusted benchmark price was $550,800, nearly two per cent lower than both December and the start of last year.

Okotoks

Okotoks continues to struggle with lower inventory levels compared to long-term trends, limiting sales activity. January reported 33 sales and 52 new listings, resulting in a sales-to-new-listings ratio of 63 per cent and keeping inventory levels low at 79 units. The months of supply remained just above two months, and prices remained relatively unchanged compared with the previous month. However, thanks to some price adjustments last year, the total residential benchmark price of $599,500 in January was two per cent lower than levels reported last year.

Bank of Canada maintains policy rate at 2¼%

Wed, 28 Jan 2026 17:28:20 GMT

*Article courtesy of Bank Of Canada - https://www.bankofcanada.ca/2026/01/fad-press-release-2026-01-28/

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The outlook for the global and Canadian economies is little changed relative to the projection in the October Monetary Policy Report (MPR). However, the outlook is vulnerable to unpredictable US trade policies and geopolitical risks.

Economic growth in the United States continues to outpace expectations and is projected to remain solid, driven by AI-related investment and consumer spending. Tariffs are pushing up US inflation, although their effect is expected to fade gradually later this year. In the euro area, growth has been supported by activity in service sectors and will get additional support from fiscal policy. China’s GDP growth is expected to slow gradually, as weakening domestic demand offsets strength in exports. Overall, the Bank expects global growth to average about 3% over the projection horizon.

Global financial conditions have remained accommodative overall. Recent weakness in the US dollar has pushed the Canadian dollar above 72 cents, roughly where it had been since the October MPR. Oil prices have been fluctuating in response to geopolitical events and, going forward, are assumed to be slightly below the levels in the October report.

US trade restrictions and uncertainty continue to disrupt growth in Canada. After a strong third quarter, GDP growth in the fourth quarter likely stalled. Exports continue to be buffeted by US tariffs, while domestic demand appears to be picking up. Employment has risen in recent months. Still, the unemployment rate remains elevated at 6.8% and relatively few businesses say they plan to hire more workers.

Economic growth is projected to be modest in the near term as population growth slows and Canada adjusts to US protectionism. In the projection, consumer spending holds up and business investment strengthens gradually, with fiscal policy providing some support. The Bank projects growth of 1.1% in 2026 and 1.5% in 2027, broadly in line with the October projection. A key source of uncertainty is the upcoming review of the Canada-US-Mexico Agreement.

CPI inflation picked up in December to 2.4%, boosted by base-year effects linked to last winter’s GST/HST holiday. Excluding the effect of changes in taxes, inflation has been slowing since September. The Bank’s preferred measures of core inflation have eased from 3% in October to around 2½% in December. Inflation was 2.1% in 2025 and the Bank expects inflation to stay close to the 2% target over the projection period, with trade-related cost pressures offset by excess supply.

Monetary policy is focused on keeping inflation close to the 2% target while helping the economy through this period of structural adjustment. Governing Council judges the current policy rate remains appropriate, conditional on the economy evolving broadly in line with the outlook we published today. However, uncertainty is heightened and we are monitoring risks closely. If the outlook changes, we are prepared to respond. The Bank is committed to ensuring that Canadians continue to have confidence in price stability through this period of global upheaval.

Information note

The next scheduled date for announcing the overnight rate target is March 18, 2026. The Bank’s next MPR will be released on April 29, 2026.

CREB® Unveils 2026 Forecast Calgary & Region Yearly Outlook Report

Fri, 23 Jan 2026 16:54:29 GMT

The Calgary Real Estate Board (CREB®) is excited to announce the release of its 2026 Forecast Calgary and Region Yearly Outlook Report. This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, provides an in-depth analysis of Calgary's economic and housing market trends for the upcoming year.

The 2026 report highlights how rising starts over the past several years are translating into supply growth at a time when demand is shifting due to slowing migration and shifting economic conditions.

“In 2025, the market transitioned from one that favoured the seller to more balanced conditions, as improving supply in the new home, rental and resale markets occurred just as demand returned to more typical levels. This took much of the pressure off home prices last year, especially in the apartment and row segments,” said Ann-Marie Lurie, Chief Economist at CREB®.

Lower migration levels, stable employment and interest rates are expected to prevent any substantial change in demand in 2026. However, supply pressures are expected to continue as 26,000 units that are currently under construction are completed over the new few years.

“Much of the supply growth will be apartment-style rental and ownership units, and while starts are expected to ease this year, it will take time to absorb the supply, considering the weaker migration levels. Ultimately, this will continue to place downward pressure on prices for apartment- and row-style homes. Meanwhile, conditions are more balanced for detached and semi-detached homes, supporting relative price stability for those homes,” Lurie added.

The report also notes there are several factors that could impact the housing market over the next few years. The recently signed memorandum of understanding (MOU) between the federal and provincial government provides upside risk to the forecast, as shifts in federal regulatory barriers affecting the energy sector may encourage both confidence and investment in Calgary.

On the downside, the renegotiation of the Canada-United States-Mexico Agreement (CUSMA) this year could create additional uncertainty. Combined with lower energy prices, this could potentially slow positive momentum in business investment activity.

Click here to read the full CREB® 2026 Forecast Calgary and Region Yearly Outlook Report.

Dec 2025 Housing Stats

Tue, 13 Jan 2026 21:57:52 GMT

If you’re looking for a clear picture of what’s happening in the local housing market, this update breaks down the latest stats for Calgary, Airdrie, and Rocky View County.

From pricing by property type to sales activity, inventory levels, and year-to-date trends, this overview is meant to help you stay informed and plan with confidence.

Inspect Before You Invest

Thu, 08 Jan 2026 17:44:21 GMT

Skipping a home inspection might seem tempting as it might save you money upfront, but it could cost you much more in the long run. A professional inspection can uncover major issues, such as structural, electrical, or plumbing problems, or health hazards like mould or asbestos, which might not be visible during a walk-through. With this information, you can make an informed decision about whether to walk away or budget for immediate and future repairs. An inspection report also gives you leverage in negotiations. You might negotiate a lower price — especially if the seller wasn’t aware of the issue — or request that repairs be completed before closing.

Inspections are especially valuable for older homes or when there are red flags, like musty odours, visible water damage, or uneven floors. In some cases, an inspection may even be required by your insurance provider before issuing a policy. If possible, attend the inspection so you can ask questions and better understand the home’s systems and maintenance needs.

So, when might you not need an inspection? New builds are typically covered by warranties. Also, condos and condo townhouses generally have status or estoppel certificates, which you need to request before buying, that will inform you about any major repairs or renovations that might be coming up, and if the condo corporation has the finances available for it. While a good status certificate can reduce the need for a full inspection, it can also be a negotiation tool if it reveals financial or structural concerns. Exceptions to not needing an inspection would be where the HVAC system is owned by the unit owner and is not under warranty, older or converted buildings, freehold townhomes, or if you just want extra peace of mind.

In cases where the seller has provided a pre-sale inspection, be wary; don’t assume that it’s comprehensive or unbiased. It’s typically done for the seller’s benefit and may not have been done by a reputable inspector, so it’s still a good idea to get your own professional inspection done.

2025 Housing Market Shifted To More Balanced Conditions

Mon, 05 Jan 2026 19:50:13 GMT

Calgary, Alberta, Jan. 2, 2026 – 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.

“Supply levels were expected to rise in 2025. However, the growth was higher than expected especially for apartment condominium and row homes. This weighed on prices in those sectors enough to offset the annual gains reported for both detached and semi-detached homes,” said Ann-Marie Lurie, CREB®’s Chief Economist. "Adjustments in both supply and demand varied across the city, with pockets of the market continuing to experience seller’s market conditions versus some areas where the conditions favoured the buyer. This resulted in different price trends based on location, price range and property type.”

Overall, the annual average total residential benchmark price in 2025 was $577,492, two per cent lower than last year’s annual average. However, annual detached and semi-detached prices rose by a respective one and three per cent, while apartment and row homes saw prices fall by a respective three and two per cent.

Compared to other districts, the North East reported the largest decline in prices this year. While some of this is related to improved supply across all areas of the city, it is also important to note that the North East district also reported the strongest price growth over the past two years.

For the first time in three years, we are heading into the New Year with better inventory levels. Details on what is expected to happen in the market in 2026 will be released at CREB®’s annual Forecast Conference on Jan. 20, 2026.

Detached

Detached sales totaled 11,328 in 2025, down by nearly nine per cent compared to last year. Sales eased across all districts in the city, with the steepest declines occurring in the North East, East and City Centre district. However, unlike the City Centre, the North East and East districts also experienced significant gains in inventory compared to long-term trends, driving annual price declines of two per cent. Meanwhile, in the City Centre detached inventory remained well below long-term averages, which likely prevented stronger sales and contributed to the annual price growth of over three per cent. Despite the differing conditions in different areas of the city, slowing sales and rising supply citywide helped move the market into balanced conditions by the second half of the year. The annual average benchmark price was $752,767, one per cent higher than last year’s annual level.

Semi-Detached

Semi-detached homes represent the smallest segment of the market, accounting for less than 10 per cent of all sales activity. Sales in 2025 were 2,159, eight per cent lower than last year, but slightly higher than long-term trends. Trends for semi-detached homes have been relatively consistent with the detached market. However, it took longer for this segment of the market to shift to more balanced conditions, resulting in stronger annual price gains. In 2025, the average annual benchmark price was $685,850, nearly three per cent higher than last year. Prices did ease in the North district as competition for new homes weighed on resale activity, but the decline in this district was more than offset by the four per cent gain in the City Centre.

Row

2025 sales eased by 17 per cent to 3,838 units. Despite the decline, sales were still higher than long-term trends, as row homes are starting to account for a larger share of the overall activity in the city. At the same time, new listings also rose relative to sales, driving inventory gains and taking the pressure off prices. Conditions shifted to more balanced levels relatively early in the year, and by the last quarter conditions ranged from a balanced to a buyer’s market depending on the districts of the city. Overall, this contributed to the annual average benchmark price decline of two per cent. While prices were relatively stable in the City Centre, North West, West and East districts, additional supply in the resale market and competition from new homes caused prices to decline by four per cent in the North East and North districts.

Apartment Condominium

Apartment-style homes reported the largest adjustment in price in 2025. Sales declined by 28 per cent compared to the near record high levels achieved last year. While the decline was significant, sales were still over 28 per cent higher than long-term trends. The main cause of the shift in conditions was due to the supply. Over the past three years, there has been a rise in apartment-style starts. While most of the apartment starts were purpose-built rental, they are adding to the supply choice and weighing on the resale market. Resale condominiums saw the market shift in favour of buyers by the second half of the year, with elevated months of supply being reported in most districts of the city. This resulted in relatively persistent downward pressure on prices, causing the annual average benchmark price to decline by nearly three per cent. Price declines were the steepest in the North East nearing five per cent. The only area to report relative stability in the annual price was in the West district.

REGIONAL MARKET FACTS

Airdrie

Increased competition from the new home market, along with more supply options in competing resale markets, has contributed to the added supply in the resale market in Airdrie. Following four consecutive years of exceptionally low inventory levels, 2025 saw inventory rise to levels not seen since prior to the pandemic. While sales activity did remain in line with long-term trends despite an annual decline, the push up in inventories caused the months of supply to generally rise throughout the year. Overall, the annual average benchmark price eased by two per cent this year.

Cochrane

Sales in Cochrane were similar to last year and above long-term trends. While demand stayed relatively strong in the town, steady gains in supply did cause conditions to shift to a more balanced state by the end of 2025. With the shift occurring later in the year, we did not see the same downward pressure on prices. In fact, on an annual basis the benchmark price in Cochrane was $578,325, nearly three per cent higher than last year. Cochrane also tends to see a larger share of newer properties being listed and sold on the resale market, impacting the prices in the resale market.

Okotoks

Okotoks continued to struggle with supply growth. Inventories did rise by over 40 per cent, but levels were exceptionally low last year. Even with the gain in 2025, levels were still 30 per cent below long-term trends. Sales activity in the town remained consistent with the levels reported last year and were higher than long-term trends. The persistently low inventory levels generally kept market conditions relatively tight. However, total residential prices posted only a modest gain over last year, this is likely due to compositional shifts as price growth ranged from over one per cent for detached homes to nearly eight per cent for apartment condominium product.

Conditions Remain Relatively Balanced As We Head Into The Winter Months

Mon, 01 Dec 2025 20:25:11 GMT

Calgary, Alberta, Dec. 1, 2025 – 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.”

The additional supply choice across resale, new and rental markets, is having the most impact on apartment and row style home prices which are reporting year-over-year price declines of seven and six per cent. In comparison detached home prices are down by two per cent compared to last November, but still higher than last year when looking at year-to-date figures. Overall, the unadjusted total combined residential benchmark* price in November was $559,000, nearly five per cent lower than last year.

*To keep the benchmark price relevant, once a year the attributes of a benchmark home are reviewed and the benchmark prices are updated. The review has been completed and the data has been updated. While all historical adjustments have occurred, old PDF monthly reports are not adjusted.

Detached

Detached sales in November were 823 units, just slightly lower than last year’s level, and relatively consistent with activity reported for November. The monthly reduction in new listings helped push down inventory levels compared to last month, but inventory remained well above the lower levels reported last year and are now relatively consistent with long-term trends. Overall, the months of supply remained around three months, reflecting a relatively balanced condition. Despite this we did see unadjusted prices trend down over last month, mostly reflecting seasonal patterns. As of November, the unadjusted detached benchmark price was $733,000, down by nearly two per cent compared to last November. However, when considering the year-to-date figures, prices are still one per cent higher than last year. Most of the downward price adjustments have occurred in the North East, North and East districts as competition from new homes and additional supply choice in other parts of the city are more heavily weighing on those districts.

Semi-Detached

Sales in November were comparable to levels reported last year and still well above long-term trends, but with new listings also higher than typical levels for this time of year, inventories rose to the highest November level seen over the past five years. While conditions have been generally tighter for this property type, over the past three months we have seen the months of supply remain above three months, resulting in more balanced conditions. While the unadjusted benchmark price of $671,700 did ease over last month, it remained stable compared to last year. Year-to-date price growth has been the strongest in this sector at nearly three per cent, with the largest gains occurring in the City Centre at four per cent, partially offsetting the one per cent pullback in the North district.

Row

November sales eased to 257, however, last year was a record high for the month and current sales remain above long-term trends. Where there continues to be more notable shifts is in supply. New listings remained comparable to last year and inventories, while reporting the typical seasonal decline, were at November levels not seen since 2018. The additional supply has caused the months of supply to remain slightly elevated, especially over the past three months. This has been placing some downward pressure on prices. In November, the unadjusted benchmark price was $424,400, down over last month and over six per cent lower than last year. While some of the monthly decline is seasonal, more persistent price declines have caused the year-to-date price to fall by nearly two per cent.

Apartment Condominium

This sector has struggled the most with excess supply. November sales dropped to levels consistent with long-term trends, but new listings remained elevated and November inventory levels hit a record high for the month. The months of supply edged near six months and has been sitting above four months since the summer. This has resulted in relatively persistent price adjustments throughout the second half of the year and as of November the unadjusted benchmark price was $309,300, seven per cent lower than last year at this time. Year-to-date the decline was just over two per cent, with the largest decline occurring in the North East district at nearly five per cent. The only district to see prices remain flat was the West district.

REGIONAL MARKET FACTS

Airdrie

As per typical seasonal behaviour, sales, new listings and inventory levels all eased over levels reported last month. Overall, both sales and new listings have remained at levels consistent with long-term trends for the month, but thanks to earlier gains inventory levels remain elevated for November. Some of the rise is due to a higher share of newer homes coming onto the resale market. The additional supply over the past several months has weighed on prices in Airdrie. While it has by no means offset the gains reported over the past four years, year-to-date benchmark prices for detached homes are down by nearly one per cent compared to last year.

Cochrane

The seasonal monthly pullback in new listings was not enough to prevent November levels from reaching a record high. While sales also remained relatively strong for November, it was not high enough to cause a more significant monthly pullback in inventories, which have not been this high in November since 2018. Some of the gains in new listings were due to a larger share of new homes being listed on the resale market. While recent gains in supply have caused some adjustments in price, prices continue to remain higher than levels reported last year. Year-to-date detached benchmark prices are nearly two per cent higher than levels reported last year.

Okotoks

Unlike other areas, sales in Okotoks improved compared to last month and were similar to levels reported last year. This in part could be related to the higher level of new listings that were available both in November and October, providing more choice to potential buyers. The Okotoks market has seen some recent gains in inventory levels, but overall supply remains well below long-term trends. Conditions have remained relatively tight in the Okotoks market and, despite some recent adjustments in prices, overall prices are still higher than last year on a year-to-date basis across each property type.

Your Winter/Spring 2026 Sale Starts Now!

Wed, 26 Nov 2025 20:47:30 GMT

Planning to list your home during the upcoming winter or spring? Start now to pace out the prep & reduce stress later.

Here’s a quick checklist to help you get started:

• Review your finances, considering selling & buying costs, mortgage options, possible penalties, tax implications & get pre-approved before you shop.

• Declutter & depersonalize (e.g., no personal photos)

• Do minor repairs & ask your REALTOR® if any cosmetic changes would be worthwhile.

• Understand tenant laws if you're selling a tenanted property.

• Get a pre-listing inspection.

• Make alternate arrangements for pets & kids during showings. Consider staying elsewhere while your home is listed.

• Gather important documents such as warranties, receipts & before/after photos of home improvements.

As you can see, selling your home is no small feat, so better to prep thoughtfully so you can sell with confidence.

Open House. Open House on Sunday, November 16, 2025 11:00AM - 1:00PM

Fri, 14 Nov 2025 09:28:56 GMT

Please visit our Open House at 271194 Township Road 252 in Rural Rocky View County. See details here

Open House on Sunday, November 16, 2025 11:00AM - 1:00PM

**OPEN HOUSE SUNDAY NOVEMBER 16th, 11AM-1PM**Perfectly positioned w/frontage on Hwy 9, Twp Rd 252 & 252A, this exceptional 66 acre agricultural (zoned Ag-Gen) property offers both privacy & convenience—just 12 mins from Calgary’s city limits & 15 mins to the upcoming De Havilland Field. The property features a well cared for 2,235 sq ft bungalow, lovingly maintained by the same family for nearly 5 decades. Inside, the home welcomes you w/a bright front entry featuring dual closets & 8-ft doors throughout. The main level offers 4 spacious bedrooms, including the primary suite w/walk-in closet & ensuite. The additional 3 bedrooms share a full 4-piece bath. The inviting living room off the front entry has wooden beams & lots of natural light. The kitchen includes a cozy nook overlooking the family room that showcases a wood-burning fireplace w/a brick surround adding warmth & character+there’s a formal dining area just steps away—perfect for family gatherings. The newer flooring gives the home a modern, welcoming feel throughout. Off the back entry from the double attached garage is a convenient laundry area & 3 pc bath w/access to the partial basement. Downstairs, you’ll find a storage area, a family room/rec space & a flex room/potential 5th bedroom (window not to egress). Newer front steps & concrete pad in front of the garage adds a clean, fresh touch to the exterior. Outdoors, the land is ideally set up for horses or hobby farming, complete with a 3-stall barn & run-in shelter (both serviced w/power & water), a fenced paddock, & riding area. Horse shelter w/steel siding is already pre-cut & stored in the barn, ready for installation. 2 more versatile outbuildings provide plenty of room for storage or small livestock. W/3 wells, there’s a reliable water supply across the property. Situated on a school bus route, Twp Rd 252 receives priority snow removal, ensuring year-round access. Approximately 55 acres are currently leased to a local farmer, providing passive income, along with a gas well surface lease for additional revenue. The location is prime for future growth w/new development expanding east of Calgary, several golf courses nearby, & quick routes to major highways & city amenities. Recent hail insurance claim for roof & siding have been approved, buyer can choose their colours.

Happy World Kindness Day!

Thu, 13 Nov 2025 16:53:15 GMT

Coming Soon! Rocky View County Acreage

Wed, 12 Nov 2025 17:45:53 GMT

271194 Twp Rd 252, Rocky View County

$1,399,900

66.4 Acres

Large Bungalow, Zoned Ag-General

4 Bedrooms Up

3 Bathrooms

Dbl Attached Garage

Set Up For Horses

Call/message us for more details: 403-681-0319

Lest We Forget

Tue, 11 Nov 2025 22:25:33 GMT

Thank you to all who have served, those who have watched their loved ones walk out the door to serve, and those who continue to carry the memories of the ones who never came home. We remember.

October Real Estate Market Update

Tue, 04 Nov 2025 17:41:31 GMT

Calgary, Alberta, Nov. 3, 2025 – 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.

“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Excess supply for apartment- and row-style properties is weighing on prices in those segments more so than any other property type, influencing total residential prices.”

As of October, the total unadjusted residential benchmark price in Calgary was $568,000, down nearly one per cent compared to last month and over four per cent lower than last year’s levels. The largest price adjustments occurred for row- and apartment-style properties where prices have eased by a respective six and seven per cent compared to last October.

Detached

October sales reached 1,012 units, an improvement over last month, but still five per cent lower than last year’s levels. At the same time there were 1,593 new listings that came onto the market, causing the sales-to-new-listings ratio to rise to 64 per cent and inventories to trend down over last month to 2,913. Inventory levels remain slightly higher than long-term trends for the month, but with just under three months of supply, conditions remain relatively balanced and far better than conditions reported during the 2015 to 2019 period.

Despite relatively balanced conditions, there are pockets of the market that are experiencing buyer’s market conditions, which is impacting prices. Citywide detached benchmark prices eased to $744,400 in October, one per cent lower than last year. However, price adjustments ranged from a year-over-year gain of nearly two per cent in the City Centre to a decline of over five per cent in the North East district. Despite recent adjustments, year-to-date prices remain over one per cent higher than last year.

Semi-Detached

Sales improved over last month while new listings slowed, causing the sales-to-new-listing ratio to rise to 57 per cent, which is slightly lower than typical levels for this time of year, but high enough to prevent any significant change in inventory levels compared to last month. With 186 sales and 613 units in inventory, the months of supply was over three months, higher than last year’s extremely low levels, but lower than last month.

More inventory choice has weighed on prices over the past several months. However, with an October benchmark price of $683,100, prices remain nearly one per cent higher than last year and on a year-to-date basis are over three per cent higher than last year.

Row

With 275 sales in October, year-to-date row sales totaled 3,412 units, a 17 per cent decline over last year. While row sales remain well above long-term trends, new listings have been on the rise and reached record highs so far this year. As of October, there were 1,054 units in inventory, the highest ever reported for the month and nearly 32 per cent higher than long-term averages. This also caused the months of supply to remain around four months.

The additional supply choice has weighed on prices. The October benchmark price was $431,200, over one per cent lower than last month and nearly six per cent lower than prices reported last year at this time. The steady slide in row prices have caused year-to-date prices to drop by one-and-a-half per cent. Price adjustments did vary across the city with the largest year-to-date declines occurring in the North East and North districts.

Apartment Condominium

The pullback in new listings relative to sales this month did help prevent further gains in inventory levels. However, with 1,891 units in inventory and 412 sales, the months of supply remained elevated at nearly five months. Apartment condominiums have been experiencing buyer’s market conditions for nearly 6 months, placing downward pressure on prices. As of October, the benchmark price was $318,200, down over one per cent compared to last month, and nearly seven per cent lower than last October.

On a year-to-date basis, prices are nearly two per cent lower than last year’s levels. The largest year-to-date price declines occurred in the North East and South East districts at four per cent, as those districts are either reporting the highest months of supply on the resale market or are facing significant competition from the new home market.

REGIONAL MARKET FACTS

Airdrie

Activity slowed as we moved into October. While sales have remained consistent with longer-term trends, new listings reached a record high for October, keeping inventories elevated. With 535 units in inventory and 136 sales, the months of supply remained over four months. The persistently higher months of supply over the past four months, combined with additional supply choice in the new home market, has weighed on resale home prices. Prices in Airdrie have been trending down since April of this year and as of October the benchmark price was $520,400, nearly one per cent lower than last month and nearly five per cent lower than last year’s levels.

Cochrane

Sales in Cochrane improved this month, keeping year-to-date sales at levels that are relatively consistent with last year. At the same time, while levels remained high, new listings did trend down over last month, causing the sales-to-new-listings ratio to rise to 55 per cent and preventing any further gains in inventory levels. The months of supply eased to just over four months in October, higher than the low levels reported over the past several years, but relatively more consistent with long-term trends for the month. As of October, the benchmark price was $585,200, similar to last month and over two per cent higher than last year. Year-to-date prices in the area have risen by nearly four per cent. Some of the gain in prices could be related to a larger share of new homes ending up being sold on the resale market in Cochrane.

Okotoks

October reported 91 new listings on the market, a significant gain over last month and last year’s levels. The rise in new listings was met with slower sales activity, causing the sales-to-new-listings ratio to dip below 50 per cent, supporting a modest gain in inventory levels. While inventory levels are finally improving, they remain low relative to longer-term trends. This has likely prevented a more significant shift in prices in the Okotoks area. In October, the unadjusted benchmark price was $618,600, up over last month but consistent with last October. Year-to-date benchmark prices have improved by over one per cent.

Interest Rate Drops To 2.25%

Wed, 29 Oct 2025 15:58:28 GMT

*Article courtesy of the Bank of Canada

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

With the effects of US trade actions on economic growth and inflation somewhat clearer, the Bank has returned to its usual practice of providing a projection for the global and Canadian economies in this Monetary Policy Report (MPR). Because US trade policy remains unpredictable and uncertainty is still higher than normal, this projection is subject to a wider-than-usual range of risks.

While the global economy has been resilient to the historic rise in US tariffs, the impact is becoming more evident. Trade relationships are being reconfigured and ongoing trade tensions are dampening investment in many countries. In the MPR projection, the global economy slows from about 3¼% in 2025 to about 3% in 2026 and 2027.

In the United States, economic activity has been strong, supported by the boom in AI investment. At the same time, employment growth has slowed and tariffs have started to push up consumer prices. Growth in the euro area is decelerating due to weaker exports and slowing domestic demand. In China, lower exports to the United States have been offset by higher exports to other countries, but business investment has weakened. Global financial conditions have eased further since July and oil prices have been fairly stable. The Canadian dollar has depreciated slightly against the US dollar.

Canada’s economy contracted by 1.6% in the second quarter, reflecting a drop in exports and weak business investment amid heightened uncertainty. Meanwhile, household spending grew at a healthy pace. US trade actions and related uncertainty are having severe effects on targeted sectors including autos, steel, aluminum, and lumber. As a result, GDP growth is expected to be weak in the second half of the year. Growth will get some support from rising consumer and government spending and residential investment, and then pick up gradually as exports and business investment begin to recover.

Canada’s labour market remains soft. Employment gains in September followed two months of sizeable losses. Job losses continue to build in trade-sensitive sectors and hiring has been weak across the economy. The unemployment rate remained at 7.1% in September and wage growth has slowed. Slower population growth means fewer new jobs are needed to keep the employment rate steady.

The Bank projects GDP will grow by 1.2% in 2025, 1.1% in 2026 and 1.6% in 2027. On a quarterly basis, growth strengthens in 2026 after a weak second half of this year. Excess capacity in the economy is expected to persist and be taken up gradually.

CPI inflation was 2.4% in September, slightly higher than the Bank had anticipated. Inflation excluding taxes was 2.9%. The Bank’s preferred measures of core inflation have been sticky around 3%. Expanding the range of indicators to include alternative measures of core inflation and the distribution of price changes among CPI components suggests underlying inflation remains around 2½%. The Bank expects inflationary pressures to ease in the months ahead and CPI inflation to remain near 2% over the projection horizon.

With ongoing weakness in the economy and inflation expected to remain close to the 2% target, Governing Council decided to cut the policy rate by 25 basis points. If inflation and economic activity evolve broadly in line with the October projection, Governing Council sees the current policy rate at about the right level to keep inflation close to 2% while helping the economy through this period of structural adjustment. If the outlook changes, we are prepared to respond. Governing Council will be assessing incoming data carefully relative to the Bank’s forecast.

The Canadian economy faces a difficult transition. The structural damage caused by the trade conflict reduces the capacity of the economy and adds costs. This limits the role that monetary policy can play to boost demand while maintaining low inflation. The Bank is focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval.

Information note

The next scheduled date for announcing the overnight rate target is December 10, 2025. The Bank’s next MPR will be released on January 28, 2026.

Countertops: Refinish or Replace?

Wed, 22 Oct 2025 17:17:01 GMT

Countertops are an important focal point in any kitchen, especially when preparing your home for sale. You may be indecisive on whether to refinish or replace them. Generally, if the wear is limited to minor scratches or stains, refinishing may be the smarter choice. It’s typically more affordable, faster, and less disruptive than a full replacement.

Look at similar properties in your neighbourhood to see how your countertop compares, and if it stands out in a negative way, it might be worth making a change. If you replace your countertop, will it complement the space, or will the rest of the kitchen seem outdated? Would refinishing the countertop, instead of replacing it, help it fit better into the overall aesthetic of your kitchen? If you decide to replace it, opt for materials and designs that reflect current trends to appeal to the widest range of buyers possible.

Also, consider your market. If you live in a desirable neighbourhood where homes typically sell easily, what you do with your countertops is unlikely to be a deciding factor, but if selling is more challenging in your market, and your budget allows, you may want to consider refinishing or replacing them.

SOLD! Patterson, Calgary

Tue, 14 Oct 2025 17:18:25 GMT

A big congratulations to our wonderful sellers!

Thank you for letting us be part of your journey — from listing to sold, it’s been such a pleasure helping you reach this exciting milestone.

Wishing you all the best!

OPEN HOUSE!

Fri, 03 Oct 2025 20:43:40 GMT

Listing-

https://peshketeam.com/.../listing.a2260081-27403...

YouTube Video-

https://www.youtube.com/watch?v=TASV58PKZuE

3D Tour-

https://youriguide.com/27403_township_rd_292_crossfield_ab

27403 Twp Rd 292, Mountain View County

$1,199,900 MLS A2260081

5.56 Acres

Fully Developed 3,237 Sq Ft Bungalow

7 Bedrooms

4.5 Bathrooms

Dbl Attached Garage & Oversized Detached (40'2" X 30'5") Garage

Quonset (72' X 40')

Call/message us for more details: 403-681-0319

Just Listed!

Fri, 03 Oct 2025 17:05:46 GMT

Listing

https://peshketeam.com/.../listing.a2237782-13-calterra...

YouTube Video

https://www.youtube.com/watch?v=54PNgIjgaDA

3D Walkthrough

https://youriguide.com/13_calterra_ct_rocky_view_county_ab

$1,999,900 MLS A2261616

2 Acres Just Outside Of Calgary City Limits

Fully Developed Home, West Facing Walkout + 2 Suites

6 + 2 (Carriage Suite) Bdrms & Bonus Room

7.5 Bath

4 Car Attached & Oversized Dbl Detached

Stunning modern estate home on 2 acres, offering 4040 sq ft up, another 1686 sq ft down, a 4-car attached garage + anoversized detached double garage (36x31) w/a fully legal suite above (additional 1113 sq ft) + illegal suite in the basement off to one side. The legal suite above the garage features 2 bedrooms, a full bathroom w/laundry, a family room, kitchen, & is currently rented for $2,000/month + 40% of all utilities (the tenant would love to stay). The front entry of the main house is bright & open, w/an abundance of windows throughout. To one side, a spacious living room centers around an extra-wide electric fireplace, while the opposite side hosts a main floor bedroom w/a full ensuite featuring a walk-in shower. A discreetly tucked-away 2-piece bathroom serves the main floor & is adjacent to the rear family room w/tall ceilings & gorgeous ceiling detail, which includes a 2nd electric fireplace & overlooks the backyard. The dining area opens to a large west-facing deck, perfect for evening gatherings. The expansive kitchen is beautifully finished w/quartz counters, a huge island w/drawers on both sides, a side-by-side fridge/freezer, built-in oven & microwave, induction cooktop, & beverage fridge + desk area. Adjacent is a fully equipped spice kitchen w/gas stove, dishwasher, microwave & full-height cabinetry, along w/a pantry that also offers full-height storage & access to the 4 car attached garage is just off the back mudroom also w/cabinetry. An open riser staircase w/glass insert railing leads to 4 bedrooms & a spacious bonus room w/views overlooking the main level. The primary bedroom has mountain views, a private balcony, electric fireplace, luxurious 5-piece ensuite, & a generous walk-in closet. 3additional upstairs bedrooms each have walk-in closets & private ensuites—two 3-piece baths & one 4-piece with its own private deck. A built-in hallway nook adds functional charm w/a beverage fridge, shelving & cabinetry, while the laundry room includes a washer, dryer & sink. The fully finished walkout basement offers exceptional living & entertaining space, including a theatre room w/screen, wet bar w/built-ins, a fitness room enclosed behind glass doors, a family room w/slider doors to the yard, 2 additional electric fireplaces & a stylish 4-piece bathroom. On the (illegal) suite side of the basement is another door to the yard, a kitchen (not fully legal—stove not permitted but all other permits are in place), a family room, bedroom w/walk-in closet, 4-piece bathroom, & laundry. With its versatile layout, luxurious finishes & income-generating potential, this property is a rare find—just a few short minutes from Calgary.

September CREB Housing Stats

Thu, 02 Oct 2025 17:23:25 GMT

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.

Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 per cent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.

Inventory gains for apartment style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over six per cent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only one per cent lower than last year, with most of the adjustments driven by the North East and North districts.

Detached

Sales in September slowed to 859 units, nine per cent lower than last year and below long-term trends for September. At the same time, new listings rose to 1,905 units, causing the sales to new listings ratio to fall to 45 per cent, levels not seen since 2018. While there has been an unexpected shift in September, it is too early to tell if this trend will continue as prior to this month the detached market has remained relatively balanced.

Improved supply choice is causing prices to decline relative to the record highs reported during the spring. As of September, the unadjusted benchmark price was $749,900, down nearly one per cent from both last month and last year. While prices have eased from peak levels across all districts, the largest decline occurred in the North East and East district at over six per cent. Despite recent adjustments on a year-to date basis, prices remain nearly two per cent higher than last year’s levels, with the City Centre reporting the highest gain at over four per cent.

Semi-Detached

New listings rose to 361 units in September, while sales fell to 156 units, causing the sales to new listings ratio to drop to 43 per cent. This also caused a rise in inventory levels and the months of supply pushed up to nearly four months. This is a significant shift compared to last month, where there was less than three months of supply.

Like the detached sector, it is too early to say if this trend will continue, but so far it has had minimal impact on home prices. As of September, semi-detached price was $684,800, slightly lower than last month and nearly one per cent higher than last year. Year-to-date price growth has been the highest for semi-detached homes at over three per cent, as this segment took longer to shift from a seller's market to one that was more balanced. Most of the price growth was driven by gains reported in the City Centre.

Row

Following a pullback last month, new listings posted modest monthly gains. The 592 new listings were met with 304 sales, causing the sales to new listings ratio to fall to 51 per cent. This is not as low as the other property types and at these levels it was enough to prevent any further monthly gain in the already elevated inventory levels. September inventory levels were 1,099 units, the highest September level reported since 2018, and 30 per cent higher than longer-term trends for the month. The largest gains in inventory occurred in the North East district, which also reported the highest months of supply and price decline compared to last year.

More supply choice has impacted resale prices, with the unadjusted benchmark price being $437,100. This is down less than one per cent over last month and nearly five per cent lower than last year’s prices. Year-to-date price adjustments have been much smaller at one per cent, as declines in the North East, North and South East districts offset the gains reported in other parts of the city.

Apartment Condominium

The most significant adjustment in the market occurred in the apartment condominium sector as improving rental supply, delayed adjustments in interest rates and improved selection for other property types has slowed apartment style demand from both first-time buyers and investors. September reported 401 sales and 924 new listings, dropping the sales to new listings ratio to 43 per cent and causing inventory to rise to 1,999 units.

The rise in supply caused the months of supply to push up to five months, the first time it has done that since 2021. As elevated levels of supply have persisted since June, prices have been trending down. As of September, the benchmark price was $322,900, down over one per cent compared to last month and over six per cent compared to last year. The year-to-date price adjustment has been just over one per cent. Condo prices have slid across all districts compared to last September. The largest decline occurred in the North East district at over ten per cent, while the smallest decline occurred in the City Centre at five per cent.

REGIONAL MARKET FACTS

Airdrie

New listings reached a September record high with 295 units. The gains in new listings were met with a pullback in sales causing the sales to new listings ratio to fall to 45 per cent and inventory rose to 571 units. While inventories have been generally trending up throughout this year, this is the first time that the months of supply pushed above four months since 2020. The improved options weighed on home prices, which continued to trend down this month. In September, the unadjusted benchmark price was $526,000, down one per cent compared to last month and nearly five per cent lower than last year's levels. Despite recent adjustments year-to-date prices declined by just over one per cent, not enough to offset last year's annual growth of eight per cent.

Cochrane

New listings in Cochrane also hit a September record high with 148 units. While sales are similar to last year's levels at 62 units, the boost in new listings did cause the sales to new listings ratio to drop to 42 per cent this month. This led to further inventory gains and the months of supply pushed above five months. Improved supply levels also took more pressure off home prices this month. In September, the unadjusted benchmark price was $584,300, down by nearly one per cent compared to last month, but still one per cent higher than last year's levels. Much of the supply adjustment has only recently occurred in the Cochrane market and the year-to-date benchmark price remains nearly four per cent higher than last year.

Okotoks

Okotoks was one of the few larger areas that did not see a lift in new listings in September. The 69 new listings were down compared to levels reported last year, and with 51 sales this month, the sales to new listings ratio remained elevated at 74 per cent. While inventory levels were only slightly higher than last month, the months of supply has remained relatively low at two and a half months. Despite the relatively tight conditions, prices continued to adjust in the market. This in part can be related to the competition from new properties, impacting resale prices. As of September, the total residential benchmark price was $613,900, down by over one per cent compared to last month and nearly three per cent lower than last September. Despite the adjustment, on a year-to-date basis, prices were still one and a half per cent higher than last year.

Open House. Open House on Sunday, October 5, 2025 2:00PM - 4:00PM

Thu, 02 Oct 2025 09:19:15 GMT

Please visit our Open House at 27403 Township Road 292 in Rural Mountain View County. See details here

Open House on Sunday, October 5, 2025 2:00PM - 4:00PM

*OPEN HOUSE SUNDAY OCT 5th, 2-4PM* Tucked away among mature trees, this beautifully maintained acreage offers the perfect blend of privacy, space & convenience, just 37 mins to Calgary Airport, 26 mins to Airdrie, under 50 mins to downtown Calgary & 17 mins to Crossfield. This sprawling bungalow on 5.56 acres has over 6,300 sq ft of living space (3,237 sq ft up + 3,126 sq ft down), making it an incredible opportunity for large families or multi-generational living, with solid bones & endless potential to personalize. Inside you’ll find 5 bedrooms up(one can be an office or flex space) & 2 down, 3.5 bathrooms up & 1 full bath down, vaulted wood ceilings throughout the main level, a large kitchen overlooking the breakfast nook, a massive family room with stone faced wood burning fireplace, & patio doors leading to a private concrete patio, a bright living room also with stone faced wood burning fireplace & formal dining area, & a main-floor laundry room with sink & cabinetry for convenience off the back entry & garage. The fully finished basement is designed for entertaining & flexible living, featuring a huge rec/family room with another stone wood-burning fireplace & adjacent wet bar, 2 bedrooms, full bathroom, cold room, kitchenette, additional living/games room, flex space & a large storage area, plus stairs to access to the garage directly. Outside, the property impresses with a 72x40 heated, insulated Quonset with concrete floor, a 40x30 detached garage & a 24x24 attached garage, along with a huge garden area perfect for growing your own food & room for animals or recreation. Additional highlights include newer shingles & 2 zoned boilers with thermostats throughout the home for efficient comfort. This acreage is the perfect place to raise a family, create your dream hobby farm, or simply enjoy the serenity of country living with quick access to nearby communities & city amenities.

FOR SALE! Mountain View County

Wed, 01 Oct 2025 20:58:27 GMT

https://peshketeam.com/.../listing.a2260081-27403...

https://www.youtube.com/watch?v=TASV58PKZuE

https://youriguide.com/27403_township_rd_292_crossfield_ab

27403 Twp Rd 292, Mountain View County

$1,199,900 MLS A2260081

5.56 Acres

Fully Developed 3,237 Sq Ft Bungalow

7 Bedrooms

4.5 Bathrooms

Dbl Attached Garage & Oversized Detached (40'2" X 30'5") Garage

Quonset (72' X 40')

Call/message us for more details: 403-681-0319

Tucked away among mature trees, this beautifully maintained acreage offers the perfect blend of privacy, space & convenience, just 37 mins to Calgary Airport, 26 mins to Airdrie, under 50 mins to downtown Calgary & 17 mins to Crossfield. This sprawling bungalow on 5.56 acres has over 6,300 sq ft of living space (3,237 sq ft up + 3,126 sq ft down), making it an incredible opportunity for large families or multi-generational living, with solid bones & endless potential to personalize. Inside you’ll find 5 bedrooms up(one can be an office or flex space) & 2 down, 3.5 bathrooms up & 1 full bath down, vaulted wood ceilings throughout the main level, a large kitchen overlooking the breakfast nook, a massive family room with stone faced wood burning fireplace, & patio doors leading to a private concrete patio, a bright living room also with stone faced wood burning fireplace & formal dining area, & a main-floor laundry room with sink & cabinetry for convenience off the back entry & garage. The fully finished basement is designed for entertaining & flexible living, featuring a huge rec/family room with another stone wood-burning fireplace & adjacent wet bar, 2 bedrooms, full bathroom, cold room, kitchenette, additional living/games room, flex space & a large storage area, plus stairs to access to the garage directly. Outside, the property impresses with a 72x40 heated, insulated Quonset with concrete floor, a 40x30 detached garage & a 24x24 attached garage, along with a huge garden area perfect for growing your own food & room for animals or recreation. Additional highlights include newer shingles & 2 zoned boilers with thermostats throughout the home for efficient comfort. This acreage is the perfect place to raise a family, create your dream hobby farm, or simply enjoy the serenity of country living with quick access to nearby communities & city amenities.

SOLD! Mayland Heights

Tue, 30 Sep 2025 18:41:22 GMT

Congratulations to our amazing client on the sale of her home!

Selling a home is never just about a property — it’s about closing one chapter & making space for the next.

We’re so grateful to have been part of this journey & can’t wait to see all the wonderful things to come!

COMING SOON! 27403 Twp Rd 292, Mountain View County

Mon, 29 Sep 2025 19:42:42 GMT

$1,199,900

5.56 Acres

Fully Developed 3,237 Sq Ft Bungalow

7 Bedrooms

4.5 Bathrooms

Dbl Attached Garage & Oversized Detached (40'2" X 30'5") Garage

Quonset (72' X 40')

Call/message us for more details: 403-681-0319

Congratulations!

Thu, 18 Sep 2025 18:57:31 GMT

Congratulations to our sellers on the sale of their lot & congrats to our buyers on their purchase! We can't wait to see what they build!

HOT NEW PRICE!

Wed, 17 Sep 2025 21:24:32 GMT

https://peshketeam.com/.../listing.a2244594-4-218-village...

https://www.youtube.com/watch?v=AnMAe8jnJbo

https://youriguide.com/4_218_village_terrace_sw_calgary_ab

$299,900 MLS A2244594

Indoor Pool w/ Hot Tub, Gym, Racquet Courts, Amenities Room

Stunning Views Of Calgary w/ Bright & Open Floor Plan

2 Bed

2 Bath

Heated Underground Parking Stall & Large Storage

Call/message us for more details: 403-681-0319

Welcome to The News at Patterson Heights – where comfort, convenience & city views come together. This 2-bedroom, 2-bathroom condo offers 854 sq. ft. of stylish living space in one of Calgary’s most desirable west-side communities with views on your balcony of downtown Calgary. This home features a bright & open floor plan with large windows that fill the space with natural light throughout. A welcoming living, kitchen & dining area centers around a cozy wood-burning fireplace, perfect for chilly evenings or entertaining guests. The modern kitchen is equipped with granite countertops, stainless steel appliances & an island with seating & added bonus of extra storage. Step outside to your private balcony—ideal for morning coffee or evening relaxation. You'll find 2 generous bedrooms with city views, including a primary suite with 3-piece ensuite & a full 4-piece main bathroom. As a resident of The News, enjoy 1 assigned underground, heated parking stall steps from your home + a large assigned storage room also just steps away. The fantastic amenities include an indoor pool, fitness center, amenity room & tennis courts. With easy access to downtown, the river, transit, parks, shopping & pathways, this location offers an unbeatable lifestyle. Don’t miss your chance to own in this highly sought-after complex—book your private showing today! Check out the Video & click on the 3D tour!

BOC Lowers Policy Rate!

Wed, 17 Sep 2025 15:21:19 GMT

*Article courtesy of The Bank of Canada

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global economic growth is showing signs of slowing. In the United States, business investment has been strong but consumers are cautious and employment gains have slowed. US inflation has picked up in recent months as businesses appear to be passing on some tariff costs to consumer prices. Growth in the euro area has moderated as US tariffs affect trade. China’s economy held up in the first half of the year but growth appears to be softening as investment weakens. Global oil prices are close to their levels assumed in the July Monetary Policy Report (MPR). Financial conditions have eased further, with higher equity prices and lower bond yields. Canada’s exchange rate has been stable relative to the US dollar.

Canada’s GDP declined by about 1½% in the second quarter, as expected, with tariffs and trade uncertainty weighing heavily on economic activity. Exports fell by 27% in the second quarter, a sharp reversal from first-quarter gains when companies were rushing orders to get ahead of tariffs. Business investment also declined in the second quarter. Consumption and housing activity both grew at a healthy pace. In the months ahead, slow population growth and the weakness in the labour market will likely weigh on household spending.

Employment has declined in the past two months since the Bank’s July MPR was published. Job losses have largely been concentrated in trade-sensitive sectors, while employment growth in the rest of the economy has slowed, reflecting weak hiring intentions. The unemployment rate has moved up since March, hitting 7.1% in August, and wage growth has continued to ease.

CPI inflation was 1.9% in August, the same as at the time of the July MPR. Excluding taxes, inflation was 2.4%. Preferred measures of core inflation have been around 3% in recent months, but on a monthly basis the upward momentum seen earlier this year has dissipated. A broader range of indicators, including alternative measures of core inflation and the distribution of price changes across CPI components, continue to suggest underlying inflation is running around 2½%. The federal government’s recent decision to remove most retaliatory tariffs on imported goods from the US will mean less upward pressure on the prices of these goods going forward.

With a weaker economy and less upside risk to inflation, Governing Council judged that a reduction in the policy rate was appropriate to better balance the risks. Looking ahead, the disruptive effects of shifts in trade will continue to add costs even as they weigh on economic activity. Governing Council is proceeding carefully, with particular attention to the risks and uncertainties. Governing Council will be assessing how exports evolve in the face of US tariffs and changing trade relationships; how much this spills over into business investment, employment, and household spending; how the cost effects of trade disruptions and reconfigured supply chains are passed on to consumer prices; and how inflation expectations evolve.

The Bank is focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled.

Information note

The next scheduled date for announcing the overnight rate target is October 29, 2025. The Bank’s October Monetary Policy Report will be released at the same time.

SOLD! Beltline, Calgary

Tue, 16 Sep 2025 20:37:40 GMT

Congratulations to our wonderful client on the successful sale of her home!

It’s been such a pleasure helping you through the process & we’re excited to see what new opportunities and adventures come next.

Congratulations To Our Clients!

Mon, 15 Sep 2025 17:37:02 GMT

A big congratulations to our amazing clients on the sale of their home!

This was a longer journey, & we know there were moments of worry along the way — but your patience & trust paid off. Wishing you all the best as you begin this exciting new chapter & adventure ahead. We’re so grateful to have been part of your journey!

JUST LISTED!!

Sun, 14 Sep 2025 03:08:08 GMT

https://peshketeam.com/.../listing.a2249046-24-calterra...

$575,000 MLS A2249046

Your Dream Home Awaits!

Call/message us for more details: 403-681-0319

Build your dream home just steps from Calgary. This newly created 2-acre lot offers the perfect blend of country living and city convenience — only 1 minute from the Calgary city limits with quick access to Airdrie, CrossIron Mills, and the Calgary Airport. The property is sloped for a future walkout design and features stunning views of both the Rocky Mountains and downtown Calgary. Rocky View Water Co-op membership and curb stop are included, with electricity and natural gas at the rear property line (hookup costs not included). The approach will be installed and paid for by the seller. Work with your preferred builder or hold for the future. GST is included in the purchase price.

Open House. Open House on Sunday, September 7, 2025 2:00PM - 4:00PM

Wed, 03 Sep 2025 09:17:29 GMT

Please visit our Open House at 935 Mayland DRIVE NE in Calgary. See details here

Open House on Sunday, September 7, 2025 2:00PM - 4:00PM

* OPEN HOUSE! SUNDAY, SEPT 7TH 2-4PM * Situated in one of the city’s most sought-after & rarely available neighborhoods, this hidden gem combines city convenience with natural beauty—just mins from downtown. This charming home offers stunning city & mountain views, best enjoyed from the bright sunroom, where large windows frame both sunrises & sunsets. Inside, you’ll find beautiful hardwood floors, a wood-burning fireplace & spacious, light-filled rooms. The main floor features 3 bedrooms & a 5-piece bathroom, while the lower level includes an additional bedroom, a den/office, a family room, a bonus room & a 3-piece bathroom—providing flexibility for guests, a home office, or extra living space. A double detached garage offers ample parking, along with a versatile upper-level workshop or studio(21'0" X 18'9")—ideal for hobbies, creative projects, or additional storage. The backyard is landscaped with a lower garden area well-suited for raised beds & urban gardening. Wide, quiet streets, plentiful parking & paved alleys add to the property’s appeal. Families will appreciate the walking-distance proximity to both elementary & junior high schools. Lovingly maintained by the same family for over 30 years, this property is ready for new owners to make it their own. Discover the unique opportunity this home offers—schedule your viewing today.

Price Declines Mostly Driven By Higher Density Home Types

Tue, 02 Sep 2025 18:26:07 GMT

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.

“Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice,” said Ann-Marie Lurie, Chief Economist at CREB^®. “Meanwhile price adjustments in the detached and semi-detached markets range from modest price growth in some areas to larger price declines in areas with large supply growth. Overall, recent price adjustments have not offset all the gains that have occurred over the past several years.”

August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the high levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand. What has changed is the supply situation. New listings remain elevated, keeping the sales-to-new-listings ratio below 60 per cent and pushing inventory to 6,661, the highest August amount since 2019.

More inventory choice coupled with lower sales has caused the months of supply to rise to 3.4 months in August, much higher than the sellers' market conditions reported over the previous four years, but still well below the buyer market conditions observed prior to the pandemic. While the market is much more balanced compared to last year, there is significant variation depending on property type, price range and location.

Detached

Detached home sales eased to 995 units in August, while new listings rose to 1,748 units, keeping the sales-to-new listings ratio below 60 per cent. This prevented any significant shift in inventory, as the 3,051 units were the highest levels reported in August since 2020. Higher inventory levels and easing supply have helped balance out the detached market. However, districts like the North East, North and East are experiencing buyer market conditions.

The unadjusted benchmark price in August was $755,600 down by nearly one per cent over last month and last year's levels. While prices have eased there is significant variation depending on location. Compared to last year, prices reported the largest decline in the North East and East district at five per cent, while prices in the city centre were over two per cent higher. As many of the adjustments have occurred over the past few months, year-to-date Calgary prices remain two per cent higher than last year.

Semi-Detached

August sales improved over last year’s levels, but it was not enough to offset earlier pullbacks with year-to-date sales of 1,557—eight per cent lower than last year—but higher than long-term trends. At the same time, new listings slowed compared to sales pushing the sales-to-new listings ratio up to 67 per cent and preventing any further monthly inventory gains. Inventory gains have not been as high for this product type, and the months of supply remained below three months in August. This is one of the reasons that the prices have not seen the same adjustment.

In August the unadjusted benchmark price was $687,200 down over last month, but nearly one per cent higher than last year, and nearly four per cent higher on a year-to-date basis. Price growth has varied across the city, with the largest year-over-year gains occurring in city centre. Meanwhile the largest declines have occurred in the North East, East and North districts.

Row

Sales in August slowed, contributing to the year-to-date decline of nearly 16 per cent. While new listings did ease in August compared to last year and last month, they have generally been on the rise pushing up inventory levels. In August, there were 1,103 units in inventory, reaching the second highest level on record for August, only slightly lower than the record high in reported in 2018. Due to the relatively strong sales, the months of supply has only pushed slightly above three months, far more balanced than last year, but not as high as the 6.4 months report back in 2018.

Nonetheless, additional supply choice has weighed on prices. In August, the unadjusted benchmark price in the city was $439,600, reflecting the fourth consecutive monthly decline and nearly five per cent lower than last August. While prices eased across all districts, price declines exceeded five per cent in the North East, North, South and East districts. These districts generally reported high levels of supply in the resale sector or had significant competition from new home supply.

Apartment Condominium

Sales continue to slow in August contributing to a year-to-date pullback of nearly 30 per cent. While sales are still above long-term trends, they have not been high enough to offset the level of new listings in the market. In August alone there were 877 new listings compared to the 449 sales, keeping the sales-to-new-listings ratio relatively low at 51 per cent. The low ratio that has persisted throughout this year has contributed to the higher inventory levels seen in the market. While August inventory levels did not rise over last month, with 1,979 units available, this is the highest August inventory ever reported.

The months of supply for apartment condos have remained around four months since June. The excess supply relative to demand has been weighing on prices. As of August, the unadjusted benchmark price was $326,500, reflecting the fifth consecutive monthly decline and nearly six per cent lower than levels reported last August. Most of the supply is concentrated in the City Centre, which reported a year-over-year decline of five per cent, slightly higher than the rate of decline reported in the West district at three per cent. Meanwhile, the highest price declines occurred in the North East district at over 11 per cent.

REGIONAL MARKET FACTS

Airdrie

Easing sales in August contributed the year-to-date decline of 12 per cent for 1,248 sales so far this year. The 152 sales this month was met with 265 new listings, pushing the sales-to-new listings ratio up to 57 per cent and preventing any further monthly inventory gains. As of August, there was 535 units in inventory, above long-term trends and the highest levels reported since before the pandemic. The rise in supply has helped shift the market to more balanced conditions. However, with more supply options in both the new home, resale markets and in competing locations, there has been some downward pressure on prices in Airdrie. In August, the unadjusted total residential benchmark price was $531,100, down over last month and four per cent lower than levels reported last August.

Cochrane

The 70 sales this month were met with 139 new listings causing the sales-to-new listings ratio to fall to 50 per cent, the lowest ratio reported for August since 2015. The pullback in sales compared to new listings prevented any significant shift in inventory levels, pushed the months of supply up above four months. Despite the shift this month, prices in Cochrane remained relatively stable in August, with the unadjusted benchmark price sitting at $589,100, similar to last month and nearly two per cent higher than last year. On a year-to-date basis prices are four per cent higher than the previous year.

Okotoks

New listings in August reported a significant pullback relative to sales and the sales-to-new-listings ratio pushed up to 80 per cent. While sales have generally remained in line with long-term trends, new listings have not had the same increase that other areas have reported, preventing significant gains in inventory levels. As of August, there was 116 units in inventory, a 29 per cent gain over last year, but still 30 per cent lower than levels traditionally seen in August. Despite tighter conditions, prices have reported some monthly declines. However, year-to-date benchmark prices remained two per cent higher than last year’s levels, with gains reported across each property type.