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HOT NEW PRICE!

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!

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BOC Lowers Policy Rate!

*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.

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SOLD! Beltline, Calgary

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.

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Congratulations To Our Clients!

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!

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JUST LISTED!!

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.

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

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.

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Price Declines Mostly Driven By Higher Density Home Types

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.

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Keeping Kids Entertained During Open House Tours

Touring open houses with your kids in tow can be a challenge. Having a game plan is key, as it will keep them engaged while you focus on the tour.

So, here are some ideas to keep chaos from ensuing:

• Prior to arriving, give them a pep talk about respecting other people’s property & pets.

• If your children can read, create a checklist of what you’re looking for in a property & as they encounter what’s on the list, they can check it off.

• Ask your kids to look for defects like scuffs, to help them feel involved and give them something to focus on during the tours.

• Give them the job of capturing photos & recording videos on your phone but be sure to ask permission first.

• Bring along grab-and-go bags with activities, snacks & drinks for entertainment while driving between open houses.

Happy house hunting & if you need a hand, we’re just a call away!

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FOR SALE! Mayland Heights, Calgary

https://peshketeam.com/.../listing.a2246273-935-mayland...

https://www.youtube.com/watch?v=jsoeepWM-To

https://youriguide.com/935_mayland_dr_ne_calgary_ab

$599,900 MLS A2246273

Large Yard, Close To Schools, Parks & Shopping

Fully Developed Home With Sunroom

4 Bedrooms

2 Bath

2 Car Detached With Storage

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

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.

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Coming Soon In Mayland Heights, Calgary!

Large Yard, Close To Schools, Parks & Shopping

Fully Developed Home With Sunroom

4 Bedrooms

2 Bath

2 Car Detached With Storage

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

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The Most Commonly Overlooked Issues In A Home Inspection

Just because you get a home inspection report that appears to be A-OK, it doesn’t always mean there are no issues. Certain issues can be overlooked in a typical home inspection, such as:

• Water damage, like water stains & musty smells, can be masked by paint or a diffuser. Internal leaks cannot be seen, possibly causing mould or mildew.

• Structural issues, like wall cracks or sagging floors, can be hidden by flooring or drywall & rotted wood can go unnoticed if it’s inaccessible.

• Electrical issues, like outdated wiring, a faulty panel, or insufficient grounding, can go unnoticed, as inspectors may not have the specialized knowledge & cannot see behind walls.

• HVAC issues, such as leaks, can go unnoticed because specialized HVAC knowledge is outside the realm of a general inspector.

• The roof. Many inspectors may inspect it from the ground, potentially missing issues such as missing shingles or leaks.

• Pests — because they are good at hiding. Sometimes it’s easier to find evidence such as droppings, scratching sounds, gnaw marks on baseboards, chewed wiring, or little “sawdust” piles around the wood structures of your home (which could indicate termites or carpenter ants).

• Asbestos, lead paint & lead pipes all need specialized tests. If the home was built pre-1990, you may want to test for asbestos & lead.

• In rural areas, septic system issues are often overlooked because they are underground & thus require a separate, specialized inspection.

So, while you can’t possibly know everything about the home you want to buy, being aware of what can be overlooked is important. Talk to us about investigating the property more thoroughly so that you can make an informed decision & have peace of mind.

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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.