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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• Electrical issues, like outdated wiring, a faulty panel, or insufficient grounding, can go unnoticed, as inspectors may not have the specialized knowledge & cannot see behind walls.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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FOR SALE! 58.96 Acres In Wheatland County

Twp Rd 215 Rural Wheatland County

https://peshketeam.com/.../listing.a2244795-township-rd...

$799,900 MLS A2244795

58.96 Acres

Scenic Valley Views & Natural Coulees

Build Your Dream Acreage Or Start A Hobby Farm

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

Endless possibilities await with this 58.96-acre parcel in Wheatland County! Featuring gently rolling terrain, gorgeous valley views, scenic coulees & wide-open spaces, this versatile property is perfect for building your dream acreage, starting a hobby farm, or creating a private recreational retreat. Ideally located just minutes from Carseland & a short drive to Strathmore or Calgary, it offers the perfect balance of rural tranquility & convenient access to nearby amenities. Future subdivision potential (subject to county approvals) makes this a fantastic investment. Approximately 40 acres consist of native unbroken prairie wool that is currently hayed, providing a unique opportunity to maintain the natural ecosystem while producing quality forage. Don’t miss this rare opportunity to own nearly 60 acres in a prime location — book your showing today!

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Supply Growth Weighs On Home Prices


Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth. 
 
The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently four per cent below last year’s peak price reported in June 2024. 
 
“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” said Ann-Marie Lurie, Chief Economist at CREB®. “The steepest price declines have occurred for apartment and row style homes, mostly in the North East and North districts, which coincides with significant gains in new supply.” 
 
The rise in supply occurred as sales continued to slow and new listings improved. In July, there were 2,099 sales, a 12 per cent decline over last year, while new listings reached 3,911 units, an over eight per cent increase over last year. In addition to the persistent economic uncertainty due to tariffs, sales and new listings were impacted by no further reductions in lending rates and added competition from the new home market. Apartment-style homes are reporting the highest months of supply with over four months, while both detached and semi-detached homes are seeing conditions remain relatively balanced at just three months of supply.  

Detached

For the first time since 2020, the months of supply for detached homes rose to three months. Sales activity slowed to 1,031 units in July, while the number of new listings, despite being slower than last month, was still nearly 10 per cent higher than last year’s levels and above long-term trends. The wider gap between sales and new listings led to a significant adjustment in inventory levels and, with slower sales, the months of supply rose to three months.

However, conditions did vary significantly depending on location. In the North West, West and South districts, the months of supply remained well below three months, whereas the North East reported the highest months of supply at over four months. 
 
A shift to balanced conditions has taken much of the pressure off home prices. As of July, the detached benchmark price was $761,800, down less than one per cent over last year. However, there was a significant range of price adjustments. Both the North East and East districts have reported the largest decline in price at five per cent, though prices still rose in the City Centre by nearly two per cent. 

Semi-Detached

Sales activity in July continued to slow, contributing to the year-to-date decline of 11 per cent. At the same time, new listings have generally been higher this year compared to last year, supporting inventory gains. With 549 units in inventory and 187 sales, the months of supply in July rose to three months, something that has not happened since 2021. 
 
Although supply is improving in relation to sales, prices have remained relatively stable. As of July, the benchmark price in the city was $697,500, one per cent higher than last July. Price growth did range throughout each district, with the highest gains occurring in the City Centre, with nearly three per cent growth. Meanwhile, prices declined over last year in the North East, East and North districts.

Row

Like other styles of homes, sales have eased compared to last year, with new listings and inventories rising over last July. The months of supply in July was similar to last month at over three months, with a range of under three months of supply in the City Centre, North West , South and South East, to nearly five months of supply in the North East district.
 
Row prices have generally been trending down over the past three months, and while they are nearly four per cent lower than last year at this time, on a year-to-date basis they have remained similar to last year. When considering activity by district, year-to-date price declines have been reported in the North East and North, while prices have risen in all other districts.
 

Apartment Condominium

There were 1,014 new listings in July relative to 508 sales, keeping the sales-to-new listings ratio at 50 per cent and inventory levels elevated at 2,097 units. Higher inventories and slower sales caused the months of supply to push above four months in July, the highest it has been since 2021. Added competition for new product combined with rising rental vacancy rates has impacted the resale condominium market.
 
The additional supply choice is having a more significant impact on apartment style prices over any other property type. In July, the benchmark price was $329,600, which is down over one per cent compared to last month and nearly five per cent lower than levels reported last year. However, when considering year-to-date figures, prices have remained stable compared to last year as gains in the West, South and North West have offset declines occurring in the North East, North, South East and East districts.

 


REGIONAL MARKET FACTS


Airdrie

Due to declines in both row and apartment sales, July sales slowed by 14 per cent compared to last July, contributing to the year-to-date decline of 12 per cent. While sales have slowed, activity remains higher than levels reported prior to 2021. What has changed is the significant improvement in new listings, resulting in inventory gains. As of July, inventory levels rose to 543 units, the highest July reported since the peak in 2018. The higher inventory levels kept the months of supply above three months in July, placing some downward pressure on home prices. In July, the benchmark price was $532,800, nearly four per cent lower than levels reported last year at this time. However, last year’s gains were exceptionally high earlier in the year, and on a year-to-date basis prices are only slightly lower than last year.

Cochrane

Unlike other areas, Cochrane has not seen the same level of pullback in sales compared to long-term trends. While July sales were down by seven per cent, year-to-date sales are two per cent lower than last year and 23 per cent higher than long-term trends. New listings in July did reach a record high for the month, causing inventories to push to the highest level reported for the month since 2019 and causing the months of supply to rise above three months. While this likely contributed to some of the monthly decline in price, unlike other areas the July benchmark price of $590,000 was over two per cent higher than last year, and four per cent higher on a year-to-date basis.

Okotoks

This market continues to exhibit tighter market conditions than both Airdrie and Cochrane with a sales-to-new-listings ratio of 71 per cent and months of supply at just over two months. This is a significant improvement compared to the previous four years, where the months of supply in July was just over one month. In July, the benchmark price in the area was $628,500, slightly lower than last month, but higher than last year’s level. Despite some monthly fluctuations, year-to-date prices are over two per cent higher than last year.


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Sold! Rocky View County

Congratulations to our wonderful clients on the sale of their beautiful acreage!

It’s been a true pleasure working with you, and we’re so grateful for the trust you placed in us throughout the process.

Wishing you all the best as you begin this exciting new chapter—wherever the road takes you next, we know great things are ahead!

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Bank Of Canada Holds Policy Rate

*Article Courtesy of Bank of Canada

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%.

While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are fluid, threats of new sectoral tariffs continue, and US trade actions remain unpredictable. Against this backdrop, the July Monetary Policy Report (MPR) does not present conventional base case projections for GDP growth and inflation in Canada and globally. Instead, it presents a current tariff scenario based on tariffs in place or agreed as of July 27, and two alternative scenarios—one with an escalation and another with a de-escalation of tariffs.

While US tariffs have created volatility in global trade, the global economy has been reasonably resilient. In the United States, the pace of growth moderated in the first half of 2025, but the labour market has remained solid. US CPI inflation ticked up in June with some evidence that tariffs are starting to be passed on to consumer prices. The euro area economy grew modestly in the first half of the year. In China, the decline in exports to the United States has been largely offset by an increase in exports to the rest of the world. Global oil prices are close to their levels in April despite some volatility. Global equity markets have risen, and corporate credit spreads have narrowed. Longer-term government bond yields have moved up. Canada’s exchange rate has appreciated against a broadly weaker US dollar.

The current tariff scenario has global growth slowing modestly to around 2½% by the end of 2025 before returning to around 3% over 2026 and 2027.

In Canada, US tariffs are disrupting trade but overall, the economy is showing some resilience so far. After robust growth in the first quarter of 2025 due to a pull-forward in exports to get ahead of tariffs, GDP likely declined by about 1.5% in the second quarter. This contraction is mostly due to a sharp reversal in exports following the pull-forward, as well as lower US demand for Canadian goods due to tariffs. Growth in business and household spending is being restrained by uncertainty. Labour market conditions have weakened in sectors affected by trade, but employment has held up in other parts of the economy. The unemployment rate has moved up gradually since the beginning of the year to 6.9% in June and wage growth has continued to ease. A number of economic indicators suggest excess supply in the economy has increased since January.

In the current tariff scenario, after contracting in the second quarter, GDP growth picks up to about 1% in the second half of this year as exports stabilize and household spending increases gradually. In this scenario, economic slack persists in 2026 and diminishes as growth picks up to close to 2% in 2027. In the de-escalation scenario, economic growth rebounds faster, while in the escalation scenario, the economy contracts through the rest of this year.

CPI inflation was 1.9% in June, up slightly from the previous month. Excluding taxes, inflation rose to 2.5% in June, up from around 2% in the second half of last year. This largely reflects an increase in non-energy goods prices. High shelter price inflation remains the main contributor to overall inflation, but it continues to ease. Based on a range of indicators, underlying inflation is assessed to be around 2½%.

In the current tariff scenario, total inflation stays close to 2% over the scenario horizon as the upward and downward pressures on inflation roughly offset. There are risks around this inflation scenario. As the alternative scenarios illustrate, lower tariffs would reduce the direct upward pressure on inflation and higher tariffs would increase it. In addition, many businesses are reporting costs related to sourcing new suppliers and developing new markets. These costs could add upward pressure to consumer prices.

With still high uncertainty, the Canadian economy showing some resilience, and ongoing pressures on underlying inflation, Governing Council decided to hold the policy interest rate unchanged. 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 related to tariffs and the reconfiguration of trade. If a weakening economy puts further downward pressure on inflation and the upward price pressures from the trade disruptions are contained, there may be a need for a reduction in the policy interest rate.

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 from tariffs and trade disruptions 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.

Information note

The next scheduled date for announcing the overnight rate target is September 17, 2025.

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Congratulations To Our Seller!

Big congratulations to our client on the sale of their land!

It’s been a pleasure helping you take this step, and now the fun begins—finding the perfect new property to call your own. We’re excited to be on this journey with you and can’t wait to see where it leads!

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Congratulations!

Wishing our amazing clients all the best as they say goodbye to their family home, and continue on their next adventure!

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Just Listed!

13 Calterra Court, Rocky View County

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

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

https://youriguide.com/13_calterra_ct_rocky_view_county_ab

$2,199,900 MLS A2237782

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

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

OPEN HOUSE SUNDAY JULY 13, 2-4PM Stunning modern estate home on 2 acres, offering a 4-car attached garage + an oversized detached double garage w/a fully legal suite above. The legal suite features 2 bedrooms, a full bathroom w/laundry, a family room, kitchen, & is currently rented for $2,000/month + 40% of 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. 3 additional 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. Click on video & 3D Walk Through for more info.

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Congratulations To Our Seller!

A big congratulations to our amazing client on the sale of her home!

It’s always an honor to be trusted with such an important step & we’re so grateful to have been part of this chapter.

We are so excited as you move forward—onto new adventures & fresh beginnings!

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Congratulations To Our Buyers!

Congratulations to our amazing clients on the sale of their acreage & the purchase of their beautiful new home.

It’s been such an honor to be part of this full-circle journey with you.

Wishing you nothing but happiness & wonderful memories in your next chapter!

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