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Congratulations on your new home!

We’re so excited for you as you begin this next chapter—how wonderful to be settling in close to family!

Wishing you happiness & many special memories ahead.

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Bank of Canada holds policy rate at 2¾%

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%.

Since the April Monetary Policy Report, the US administration has continued to increase and decrease various tariffs. China and the United States have stepped back from extremely high tariffs and bilateral trade negotiations have begun with a number of countries. However, the outcomes of these negotiations are highly uncertain, tariff rates are well above their levels at the beginning of 2025, and new trade actions are still being threatened. Uncertainty remains high.

While the global economy has shown resilience in recent months, this partly reflects a temporary surge in activity to get ahead of tariffs. In the United States, domestic demand remained relatively strong but higher imports pulled down first-quarter GDP. US inflation has ticked down but remains above 2%, with the price effects of tariffs still to come. In Europe, economic growth has been supported by exports, while defence spending is set to increase.  China’s economy has slowed as the effects of past fiscal support fade. More recently, high tariffs have begun to curtail Chinese exports to the US. Since the financial market turmoil in April, risk assets have largely recovered and volatility has diminished, although markets remain sensitive to US policy announcements. Oil prices have fluctuated but remain close to their levels at the time of the April MPR.

In Canada, economic growth in the first quarter came in at 2.2%, slightly stronger than the Bank had forecast, while the composition of GDP growth was largely as expected. The pull-forward of exports to the United States and inventory accumulation boosted activity, with final domestic demand roughly flat. Strong spending on machinery and equipment held up growth in business investment by more than expected. Consumption slowed from its very strong fourth-quarter pace, but continued to grow despite a large drop in consumer confidence. Housing activity was down, driven by a sharp contraction in resales. Government spending also declined. The labour market has weakened, particularly in trade-intensive sectors, and unemployment has risen to 6.9%. The economy is expected to be considerably weaker in the second quarter, with the strength in exports and inventories reversing and final domestic demand remaining subdued.  

CPI inflation eased to 1.7% in April, as the elimination of the federal consumer carbon tax reduced inflation by 0.6 percentage points. Excluding taxes, inflation rose 2.3% in April, slightly stronger than the Bank had expected. The Bank’s preferred measures of core inflation, as well as other measures of underlying inflation, moved up. Recent surveys indicate that households continue to expect that tariffs will raise prices and many businesses say they intend to pass on the costs of higher tariffs. The Bank will be watching all these indicators closely to gauge how inflationary pressures are evolving.

With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts. We 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.

Governing Council is proceeding carefully, with particular attention to the risks and uncertainties facing the Canadian economy. These include: the extent to which higher US 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. 

We are 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.

  • Article courtesy of Bank Of Canada

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Price Adjustments Mostly Driven By Apartment & Row Style Homes

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.

New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced. 

“Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”    

Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices.

Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels. Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices. Overall, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than last month and over two per cent below May 2024 levels.   

Detached

New listings in May rose to 2,419 units, with most of the gains driven by homes priced over $600,000. At the same time, sales activity has slowed across most price ranges, supporting a shift toward more balanced conditions and relative stability in prices. However, districts that are facing more competition from new home product or are seeing a larger pullback in demand are starting to show some signs of elevated supply.

The North East district has seen the largest pullback in resale sales activity combined with some of the highest gains in new listings. This has driven the sales-to-new listings ratio down to 41 per cent and the months of supply was nearly four months in May. This is causing prices to ease in the North East, offsetting some of the gains reported in the City Centre, West, and North West districts. City-wide the unadjusted benchmark price in May was $769,400, similar to last month, one percent higher than last May, and still above last year’s seasonal peak price.  

Semi-Detached

The 428 new listings in May were met with 256 sales, causing the sales-to-new-listings ratio to rise to 60 per cent this month. This slowed the pace of inventory growth and the months of supply remained just above two months.  Semi-detached homes continue to remain less than 10 per cent of all sales and inventory levels in the city.

This in part is due to construction patterns shifting toward more row style properties over semi-detached, and is one of the reasons we do not see the same inventory build as row and apartment style homes. 

Like the detached market there is significant variation within the city districts. The North East has the highest months of supply at nearly three months and is reporting some price declines, while the tightest conditions are in the North West, where prices continue to rise. Overall, generally tighter conditions are still supporting price gains for semi-detached properties. In April the unadjusted benchmark price was $697,300, a monthly gain of less than one per cent, nearly three per cent higher than last year’s levels and above last year’s seasonal peak.

Row

Row home sales have eased over last year’s near record high pace but stayed well above long-term trends.  However, the gain in new listings has continued to cause further inventory gains. For the second month in a row, inventory levels were over 1,000 units; we have not seen this much inventory for row units since 2021.

While inventory levels have improved across all districts, we are starting to see higher months of supply in the North East district at 3.5 months, resulting in some downward pressure on prices. The North, North West and South areas have also reported higher year-over-year pullbacks in resale prices, as improved supply choice for new properties are impacting resale activity. Overall, the benchmark price in May was $453,600, down over last month, nearly two per cent below last May, and lower than last year’s seasonal high.  
 

Apartment Condominium

Sales this month totaled 579 units, a significant decline over last May’s record high of 907 units. While new listings were lower than levels reported last year, they remained high compared to sales, causing the sales-to-new listings ratio to drop to 47% this month. This contributed to further inventory gains and drove the months of supply up to 3.6 months.

High levels of apartment rental units under construction are adding to the rental supply and contributing to rent adjustments. This is likely slowing condo ownership demand coming from existing renters and potential investors, contributing to some of the shifts witnessed in the apartment condominium sector. 

More supply choice is also weighing on condominium prices. In May the benchmark price eased to $335,300, down from last month and over one per cent lower than last year. The steepest declines are occurring in the North East and South East districts, where competition from the new home market is weighing on resale pricing. While prices have eased and are below peak levels, recent declines have not offset the double-digit gains reported over the past two years.

 


REGIONAL MARKET FACTS


Airdrie

While improving over last month, May sales eased compared to last year, contributing to the year-to-date decline of 10 per cent. However, the 772 sales so far this year are consistent with long-term trends in Airdrie. At the same time new listings continue to rise causing the sales-to-new listings ratio to fall to 58 per cent, still well within balanced conditions, but a significant change from the over 90 per cent ratio reported last year. Recent shifts in sales and new listings have supported gains in inventory levels.

In May there were 468 units in inventory, reflecting the highest May reported since prior to the pandemic. The shift in supply is in part related to the surge in new construction providing more options for potential consumers. Additional supply choice is impacting price growth.  The total residential benchmark price was $540,600 in May, down nearly one per cent over last month and nearly two per cent below last year’s levels.

Cochrane

Sales in Cochrane were fairly resilient until this month, where sales were 17 per cent slower than last year. The decline was enough to cause year-to-date sales to ease to levels just below those reported last year.  At the same time, this month new listings surged, driving the sales-to-new listings ratio down to 55 per cent and supporting further inventory gains.  With 293 units available in May, levels are more consistent with long-term trends. The months of supply neared three months in May and while this did slow the pace of price growth, the total residential benchmark price of $589,400 is still nearly four per cent higher than last May.

Okotoks

A boost in new listings this month supported a surge in sales activity. However, with a sales-to-new-listings ratio of 74%, inventory levels did not change much over last month and the months of supply once again dropped below two months. Okotoks has struggled to add supply at the pace reported in Calgary, Cochrane and Airdrie and sales growth has been dampened by limited supply choice.

While there have been some improvements in inventory levels, as of May levels remained nearly 28 per cent below long-term trends for the city.  The limited supply choice given the relatively strong demand has continue to support some price growth in the town. As of May the unadjusted benchmark price was $633,900, up over last month and over two per cent higher than last year. 

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

Please visit our Open House at 1107 10 Market BOULEVARD SE in Airdrie. See details here

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

Welcome to effortless living in this sought-after +40 condo community, where comfort, style & convenience come together. Whether you're looking to downsize or enjoy a low-maintenance lifestyle, this beautifully designed home has it all! Step into a bright & open-concept space featuring modern vinyl plank flooring, cozy in-floor heating for chilly days & air conditioning to keep you cool all summer. The sleek kitchen is both functional & stylish, stainless steel appliances, quartz countertops, ample cabinetry & under-counter lighting—perfect for cooking & entertaining. The spacious primary bedroom offers a walk-in closet for plenty of storage, while the bathroom provides a relaxing retreat with a deep soaker tub. The versatile den, complete with a Murphy bed, easily transforms into a guest space or home office. In-suite laundry adds to the convenience. Enjoy direct walkout access from your private patio to greenspace—ideal for pet owners to access pathways for walks, or anyone who loves stepping outside for fresh air. The patio also includes a gas line, making summer BBQs a breeze! This well-maintained building offers fantastic amenities, including titled underground parking with a storage unit, a shop vacuum in the garage, a woodworking room & a gathering room with tables, books, microwave etc, for residents to socialize. The beautifully landscaped courtyard with a firepit provides a welcoming space to relax & connect with neighbors. Located just steps from grocery stores, restaurants, medical offices & pharmacies—with easy access to QE2 for effortless commuting—this home is truly in an unbeatable location. Don’t miss out on this exceptional opportunity! Book your private viewing today!

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Open House. Open House on Sunday, June 1, 2025 2:00PM - 4:00PM

Please visit our Open House at 24065 Township Road 280 in Rural Rocky View County. See details here

Open House on Sunday, June 1, 2025 2:00PM - 4:00PM

**OPEN HOUSE - SUNDAY JUNE 1ST, 2-4PM** This exceptional 149-acre property in Rocky View County, zoned Agricultural General, offers rolling hills, pastureland, stunning mountain views—even from the walkout basement—& a prime location just northwest of Calgary off Symons Valley Road, with easy access to both Calgary & Airdrie. The gently lived-in walkout bungalow features 2,212 sq ft on the main level, 898 sq ft above the garage, & 2,187 sq ft in the fully finished walkout basement with in-floor heating. The main floor includes a spacious family room with a gas fireplace & custom built-ins, a large kitchen with a central island, wall oven, & breakfast nook. Just off the kitchen is a walk-in pantry with sink & laundry + a half bath. A generous formal dining room offers the perfect space for entertaining. There are two bedrooms on the main level, one currently used as an office. The massive primary suite features a walk-in closet with built-ins, dual sinks, a walk-in shower, a soaker tub, & a private toilet area. Above the garage, you'll find an additional 898 sq ft of developed living space complete with a gas fireplace, wet bar, & a large separate flex room—perfect for a games room, home office, or guest retreat. Downstairs, the high ceilings add to the sense of space, with two more bedrooms, a full bath, a large family & recreation area, a storage room, & a versatile flex space ideal for a home office or an additional bedroom. The property includes several outbuildings: a 60x40 heated shop, a 14x10 garden shed, a 26x10 storage shed, & a 22x15 two-story shed, + a triple attached heated garage with 220V power. The land is fenced & cross-fenced, making it ideal for a range of agricultural or equestrian uses. Set among peaceful rolling hills, this property offers breathtaking views in every direction.

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ACREAGE FOR SALE!

!JUST LISTED!

24065 Twp Rd 280, Rocky View County

https://peshketeam.com/.../listing.a2222853-24065...

https://www.youtube.com/watch?v=Rkct0Fl83X4

https://youriguide.com/24065_township_rd_280_rocky_view...

$1,999,900 MLS A2222853

149 Acres W/Mountain Views

Sprawling Bungalow, Huge Bonus Area Above Garage

2 Bdrms Up & 2 Bdrms Down

2 Full & 1 Half Bath

Triple Attached Garage, 40X60 Shop & 3 Additional Outbuildings

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

This exceptional 149-acre property in Rocky View County, zoned Agricultural General, offers rolling hills, pastureland, stunning mountain views—even from the walkout basement—& a prime location just northwest of Calgary off Symons Valley Road, with easy access to both Calgary & Airdrie. The gently lived-in walkout bungalow features 2,212 sq ft on the main level, 898 sqft above the garage, & 2,187 sq ft in the fully finished walkout basement with in-floor heating. The main floor includes a spacious family room with a gas fireplace & custom built-ins, a large kitchen with a central island, wall oven, & breakfast nook. Just off the kitchen is a walk-in pantry with sink & laundry + a half bath. A generous formal dining room offers the perfect space for entertaining. There are two bedrooms on the main level, one currently used as an office. The massive primary suite features a walk-in closet with built-ins, dual sinks, a walk-in shower, a soaker tub, & a private toilet area. Above the garage, you'll find an additional 898 sq ft of developed living space complete with a gas fireplace, wet bar, & a large separate flex room—perfect for a games room, home office, or guest retreat. Downstairs, the high ceilings add to the sense of space, with two more bedrooms, a full bath, a large family & recreation area, a storage room, & a versatile flex space ideal for a home office or an additional bedroom. The property includes several outbuildings: a 60x40 heated shop, a 14x10 garden shed, a 26x10 storage shed, & a 22x15 two-story shed, + a triple attached heated garage with 220V power. The land is fenced & cross-fenced, making it ideal for a range of agricultural or equestrian uses. Set among peaceful rolling hills, this property offers breathtaking views in every direction.

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Congratulations To Our Buyers!

We’re so excited to celebrate the purchase of your beautiful new home!

Wishing you many happy memories, cozy evenings & here's to new beginnings in this next chapter.

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149 Acres In Rocky View County !

!COMING SOON!

24065 Twp Rd 280, Rocky View County

$1,999,900

149 Acres W/Mountain Views

Sprawling Bungalow, Huge Bonus Area Above Garage

2 Bdrms Up & 2 Bdrms Down

2 Full & 1 Half Bath

Triple Attached Garage, 40X60 Shop & 3 Additional Outbuildings

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

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Congratulations To Our Sellers!

Congratulations to our clients on the successful & swift sale of their home.

An exciting new chapter is just around the corner & we couldn't be more excited for you!

Wishing you all the best.

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How Much Are You Willing To Sacrifice For Your Dream Home?

Everyone dreams of their own version of paradise—a charming country home, an acreage with space to roam, or a cozy retreat near the trees & stars. But paradise often comes with a price tag—not just financial, but also lifestyle trade-offs.

So the big question becomes: how much are you willing to sacrifice for your dream home?

For some, it’s a longer commute. For others, it’s downsizing the home to get the perfect location. It might mean giving up the walk-in closet to gain that wide-open backyard or swapping granite counters for a sunset view every night.

There’s no one-size-fits-all answer—just what matters most to you.

As a team who specializes in unique homes & acreages, we help buyers & sellers navigate these choices every day. We talk about dreams, but also priorities: peace vs. proximity, land vs. layout & what truly makes a house feel like home.

Whether you’re dreaming of a quiet retreat, more space for your family, or finally making the leap to country living—let’s talk. Together we’ll figure out what “paradise” looks like for you & how to get there without sacrificing more than you should.

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Is It Time To Downsize?

Whether you're craving a fresh start, simplifying your lifestyle, or just feeling like your current home no longer fits your needs, downsizing can be a smart move at any stage of life. It can ease financial stress, reduce upkeep & give you more freedom to enjoy the things that matter most—like travel, hobbies, or simply having more time to relax.

So, how do you know if it’s time to make a change?

• You're finding stairs difficult or having frequent falls—maybe a single-story home or condo with an elevator would be safer.
• Home maintenance is starting to feel overwhelming.
• Your monthly housing costs are taking up more than 30% of your income.
• You want to unlock some of your home’s equity to boost your savings or lifestyle.
• Your space no longer suits your current needs.
• There are entire rooms or amenities you rarely use.
• You're no longer tied to the area for work or family reasons.
• You’d like to live closer to loved ones.
• The neighbourhood has changed, and it no longer feels like "home."

Whether you’re moving into a smaller house, a modern condo, or a vibrant community where you can meet new people & explore new activities, downsizing isn’t about giving something up—it’s about making room for what’s next.

While it can be tough to say goodbye to a home full of memories, it’s also a chance to create new ones.

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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.