RSS

Happy Victoria Day Long Weekend!

Whether you're spending the long weekend in your backyard or out camping, we hope it’s filled with sunshine & serenity.

- Peshke Team

Read

Prepping Your Home For A Successful Spring Sale

Are you planning to sell your property this spring? Here are some tips for a successful spring sale.

• Price your home competitively — Research comparable properties in your area for what they listed and sold for and use these as a guide.

• Be prepared to negotiate on price and terms — Think about the lowest price that would be acceptable to you.

• Give your home’s exterior some love — Expect potential buyers to examine the exterior more closely in the warmer months. Ensure your patio furniture is clean and wash the windows inside and outside if possible. For balconies, planters of colourful flowers go a long way. If you have a yard, clear any debris from the winter, consider putting down some fresh mulch, and tend to landscaping.

• Air out your home — Open the windows to let a cross-breeze through for fresh air. Also, consider placing some diffusers throughout your home for a pleasant scent.

• Stage seasonally — For example, since it’s springtime, setting out a vase of fresh tulips would be in tune with the season. Work with a professional stager.

• The entryway — This is your first opportunity to make a statement. Choose items that creates a lasting impression, such as a brand-new doormat, a nice framed mirror, a console and a matching bench.

• Give your home a good spring clean — Depending on your region, winter can create a lot of extra dust from continuous heating. Consider hiring professional deep cleaners.

• Tend to any repairs — While this may seem obvious, depending on your region, winter can be rough on a home, so scan your home to see if you need to do any minor repairs or improvements.

• Declutter—Donate or sell anything that doesn’t have a practical or aesthetic purpose for a well-presented home.

Even if you aren’t preparing for a spring sale, many of these tips can be used to stay on top of home maintenance and keep your home humming into spring.

Read

Balanced Conditions Take Pressure Off Prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®. “This, in part, is related to our market's situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”

The rise in inventory levels helped the market shift to balanced conditions with nearly three months of supply. However, conditions vary depending on price range and property type. Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions.

The additional supply has helped relieve the pressure on home prices following the steep gains reported over the past several years. Benchmark prices for each property type have remained relatively stable compared to last month. However, compared to last year, detached and semi-detached prices are over two per cent higher than last year's levels, while apartment and row-style home prices have remained relatively unchanged.

Detached

Detached sales were 1,102 units in April, a year-over-year decline of 16 per cent. While sales eased across most areas of the city, the South East district has seen sales rise over last year's levels. April saw 1,907 new listings come onto the market, and the sales-to-new-listings ratio remained balanced at 58 per cent. Inventories rose to 2,511 units, and the months of supply rose to 2.3 months. While this is a significant gain over the less than one month of supply reported last year at this time, conditions remain relatively tight, especially in the lower price ranges.

In April, the unadjusted benchmark price reached $769,300, similar to last month but over two per cent higher than last April. The added supply choice, combined with uncertainty, has slowed the pace of price growth. However, with a year-over-year gain of nearly five per cent, the City Centre has exhibited stronger price growth than any other district.

 

Semi-Detached

Easing sales in April contributed to the year-to-date decline of nearly 16 per cent. The 190 sales in April were met with 350 new listings, and the sales-to-new-listings ratio fell to 54 per cent. This also caused further gains in inventory levels, which reached 484 units. The rise in inventory did help push the market toward balanced conditions with 2.6 months of supply, a significant improvement over the less than one month reported at this time last year.

The shift toward more balanced conditions has slowed the pace of price growth. In April, the unadjusted benchmark price was $691,700, similar to last month and over three per cent higher than last year. The City Centre reported the largest gain, at over five per cent, while prices in the North remained stable compared to last year.
 

Row

April sales slowed for row homes, contributing to the year-to-date decline of 16 per cent. Meanwhile, new listings continued to rise compared to last year, driving the sales-to-new-listings down to 51 per cent. In April, inventories reached 1,005 units, the highest level reported since 2021, and the months of supply rose to nearly three months. Improved supply has taken some of the pressure off prices,

In April, the unadjusted row price was $457,400, a slight gain over last month, but relatively unchanged compared to April of last year and still below last year's peak price reported in June. The pullbacks reported in the North and North East districts offset year-over-year gains in most districts.
 

Apartment Condominium

April sales eased by nearly 30 per cent over last year's record high but were far stronger than long-term trends. While sales have remained relatively strong, new listings in April reached a record high for the month, supporting further gains in inventory levels. With three months of supply in the city, conditions are considered relatively balanced. However, activity does range significantly based on location, impacting price movements.

The North East district reported the highest months of supply at seven months, resulting in a year-over-year price decline of two per cent and a spread of over seven per cent from last year's high. Overall, the April benchmark price in the city was $336,000, similar to last year but still three per cent lower than last year's record high.
 
REGIONAL MARKET FACTS


Airdrie

For the third month in a row, sales activity eased compared to last year's levels. Despite the declines, sales remain above long-term trends. At the same time, new listings continue to rise, but with 185 sales and 290 new listings in April, the sales-to-new listings ratio reached 64 per cent, an improvement over recent months. Inventory levels continued to trend up this month. However, after three consecutive years of exceptionally low April levels, inventory is now consistent with long-term trends. With 2.3 months of supply, conditions are moving to a more balanced state, taking the pressure off home prices. In April, the total residential price was $544,700, relatively unchanged compared to both last month and last year's levels.

 

Cochrane

For the fourth month in a row, sales activity in the area has remained consistent with last year's levels, resulting in 335 sales so far this year, a nearly five per cent gain over last year and consistent with long-term trends. New listings have also been on the rise, but the sales-to-new-listings ratio has remained at 60 per cent, preventing the doubling of inventory in this market. While inventory levels have improved compared to last year, the 246 units available in April are just shy of long-term trends. Like other areas, improvements in supply have slowed the pace of price growth, but in Cochrane, prices are still edging up. In April, the total residential benchmark price was $592,000, trending up over last month and nearly six per cent higher than prices reported in the previous year and at a record high.


Okotoks

Sales in Okotoks continue to ease compared to last year, contributing to the year-to-date decline of 16 per cent. Over the past few years, sales have been restricted by a lack of supply. However, this year we have started to see a shift. New listings continue to improve in April compared to sales, causing the sales-to-new-listings ratio to ease to 53 per cent, supporting inventory gains. However, with 127 units in inventory in April, levels remain below long-term trends for the month. The modest gains in inventory have slowed the pace of price growth in the area. As of April, the unadjusted benchmark price was $627,100, down slightly from last month, but nearly two per cent higher than last April.

Read

Congratulations To Our Sellers!

Congratulations to our amazing clients on the successful sale of their acreage!

Here's to fresh starts, exciting journeys & all the wonderful moments that lie ahead.

Read

Open House. Open House on Saturday, April 26, 2025 2:00PM - 4:00PM

Please visit our Open House at 34 Springs CRESCENT SE in Airdrie. See details here

Open House on Saturday, April 26, 2025 2:00PM - 4:00PM

*OPEN HOUSE SATURDAY APRIL 26TH, 2-4PM* Nestled in a family-friendly neighborhood & backing onto a beautiful park that connects directly to the R.J. Hawkey schoolyard, this well-maintained home with double attached garage is a dream come true. Imagine sending the little ones off to school just steps from your backyard gate—or enjoying sunny afternoons at the park, all while taking in the gorgeous views right from your own home, on the back deck or from the lower patio. Inside, you'll find a bright & cheerful main floor with a welcoming family room, kitchen with pantry & stainless steel appliances that include a new stove & dishwasher, dining area that overlooks the spacious backyard, 3 bedrooms upstairs, linen closet + full bathroom complete the main level. Downstairs offers plenty of extra space with 2 more bedrooms, full bathroom, a spacious rec room which is ideal for movie nights, sleepovers, or a playroom + another family room. Located in Big Springs, you're just a short walk from schools & parks, with easy access to the highway for quick commutes. This is a home that has been truly cared for with a newer furnace & central air as well—clean, cozy & move-in ready. Don’t miss out on this hidden gem—it’s everything a growing family could want & more! Click on video and 3D walkthrough.

Read

Open House. Open House on Sunday, April 27, 2025 2:00PM - 4:00PM

Please visit our Open House at 265015 Range Road 14 in Rural Rocky View County. See details here

Open House on Sunday, April 27, 2025 2:00PM - 4:00PM

*OPEN HOUSE SUNDAY APRIL 27th, 2-4PM* Dreaming of wide open spaces & peaceful country living? Just mins from Airdrie & close to Calgary as well, this gorgeous 5-acre retreat offers the perfect escape from the hustle & bustle—without giving up the convenience & comforts of the city. Tucked away on a mature treed lot, this charming bungalow is surrounded by nature & bursting with potential. Step inside to a spacious front entry that leads into a bright living room with large front-facing windows. The dining area is off to the side, flowing into a beautifully updated kitchen featuring a full wall of cabinetry & sleek stainless steel appliances. You’ll find an inviting family room with a gas fireplace to relax in & a patio door opening to a huge west-facing deck—ideal for evening sunsets & summer BBQ's. Down the hall are 2 bedrooms, including the primary suite—a true retreat with a sitting area & a walk-in closet featuring built-in organizers + a full updated bathroom with heated flooring. A few steps down from the main level is the functional mudroom, the 2nd full bathroom, & direct access to the garage. Head downstairs to discover even more space: 2 more bedrooms, a large family room with 2nd gas fireplace, rec area, a wet bar, laundry room with sink, & plenty of storage. With 4 bedrooms & 3 full bathrooms, there’s room for the whole family. Outside, the possibilities are endless. Whether you're dreaming of a hobby farm, space for your 4-legged friends, or just a little more room to breathe—you’ll love the double oversized heated attached garage (34x27), detached double garage (26x24), heated & insulated Quonset (57x38), barn (46x29), tack room (15x8) & garden shed (17x16) ready to support your acreage lifestyle. Recent updates include central air, R/O system, furnace, water tank, septic tank & newer upgraded shingles, This is more than a home—it’s a lifestyle. Come explore the beauty, the quiet & the endless potential that this special property has to offer. Click on video and 3D walkthrough.

Read

Bank Of Canada Hold Policy Rate!

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations. Pervasive uncertainty makes it unusually challenging to project GDP growth and inflation in Canada and globally. Instead, the April Monetary Policy Report (MPR) presents two scenarios that explore different paths for US trade policy. In the first scenario, uncertainty is high but tariffs are limited in scope. Canadian growth weakens temporarily and inflation remains around the 2% target. In the second scenario, a protracted trade war causes Canada’s economy to fall into recession this year and inflation rises temporarily above 3% next year. Many other trade policy scenarios are possible. There is also an unusual degree of uncertainty about the economic outcomes within any scenario, since the magnitude and speed of the shift in US trade policy are unprecedented.

Global economic growth was solid in late 2024 and inflation has been easing towards central bank targets. However, tariffs and uncertainty have weakened the outlook. In the United States, the economy is showing signs of slowing amid rising policy uncertainty and rapidly deteriorating sentiment, while inflation expectations have risen. In the euro area, growth has been modest in early 2025, with continued weakness in the manufacturing sector. China’s economy was strong at the end of 2024 but more recent data shows it slowing modestly.

Financial markets have been roiled by serial tariff announcements, postponements and continued threats of escalation. This extreme market volatility is adding to uncertainty. Oil prices have declined substantially since January, mainly reflecting weaker prospects for global growth. Canada’s exchange rate has recently appreciated as a result of broad US dollar weakness.

In Canada, the economy is slowing as tariff announcements and uncertainty pull down consumer and business confidence. Consumption, residential investment and business spending all look to have weakened in the first quarter. Trade tensions are also disrupting recovery in the labour market. Employment declined in March and businesses are reporting plans to slow their hiring. Wage growth continues to show signs of moderation. 

Inflation was 2.3% in March, lower than in February but still higher than 1.8% at the time of the January MPR. The higher inflation in the last couple of months reflects some rebound in goods price inflation and the end of the temporary suspension of the GST/HST. Starting in April, CPI inflation will be pulled down for one year by the removal of the consumer carbon tax. Lower global oil prices will also dampen inflation in the near term. However, we expect tariffs and supply chain disruptions to push up some prices. How much upward pressure this puts on inflation will depend on the evolution of tariffs and how quickly businesses pass on higher costs to consumers. Short-term inflation expectations have moved up, as businesses and consumers anticipate higher costs from trade conflict and supply disruptions. Longer term inflation expectations are little changed.

Governing Council will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs. Our focus will be on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. This means we will support economic growth while ensuring that inflation remains well controlled.

Governing Council will proceed carefully, with particular attention to the risks and uncertainties facing the Canadian economy. These include: the extent to which higher tariffs reduce demand for Canadian exports; how much this spills over into business investment, employment and household spending; how much and how quickly cost increases are passed on to consumer prices; and how inflation expectations evolve. 

Monetary policy cannot resolve trade uncertainty or offset the impacts of a trade war. What it can and must do is maintain price stability for Canadians.

Information note

The next scheduled date for announcing the overnight rate target is June 4, 2025. The Bank will publish its next MPR on July 30, 2025.

Read

Open House. Open House on Sunday, April 13, 2025 2:00PM - 4:00PM

Please visit our Open House at 58 Calterra Estates DRIVE in Rural Rocky View County. See details here

Open House on Sunday, April 13, 2025 2:00PM - 4:00PM

**OPEN HOUSE SUNDAY APRIL 13th, 2-4PM**Set on 2 acres, this stunning custom-built, walkout estate home offers serene country living just a few mins from Calgary & Airdrie. Step inside this gorgeous masterpiece to find 5 spacious bedrooms, 4 full bathrooms, 2 half bathrooms, in floor heat, central air, an oversized, heated triple garage + Rocky View Water Co-Op (no well)! From the moment you enter through the front door, you’re welcomed into over 6,600 square feet of elegant design, beginning with vaulted 14-foot ceilings, a grand chandelier lighting up the space & premium, wide-plank hardwood floors that bring a sense of timeless luxury & warmth to the space. The chef’s kitchen will WOW you with custom full-height cabinetry, quartz counters, a gas cooktop, Sub-Zero fridge, built-in double Wolf ovens, & an oversized island with bar seating. A large walk-in pantry offers even more storage & organization. The adjoining prep/spice kitchen is equipped with a gas stove, extensive cabinetry, additional fridge & counter space for seamless entertaining. Step onto the deck from the breakfast nook & enjoy views of the prairies—a perfect backdrop for BBQs with a convenient gas-line hookup. The open floor plan flows seamlessly from the kitchen to the family & dining area, anchored by a stylish living room featuring a floor-to-ceiling black marble tile accent wall & a fireplace surrounded by custom storage. The home office, with its ample natural light & sliding barn door, is both functional & chic. A spacious laundry room with plenty of storage adds to the home’s convenience. The main-floor primary suite is a true retreat, with a 5-piece ensuite featuring black marble tile, dual vanities, a makeup counter, a steam shower with bench seating, a deep soaking tub, & a custom-organized huge walk-in closet. 2 additional bedrooms upstairs offer their own ensuites & walk-in closets, providing plenty of space & privacy. The in-floor heated walkout basement is an entertainer's dream, complete with a home theater, gym framed with glass walls & rubber flooring, an expansive rec room, bar, 2 more bedrooms & 2 more bathrooms! This estate home is only 20-mins to downtown Calgary, bringing country living within reach. Schedule your private showing today to experience luxury living at its finest.

Read
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.