Calgary residential price increases for month over month for January to Februaryi 2022 are as follows:Single Family +6.6%;Semi Detached +4.9%;Apartment Condominiums +2.3%;Townhouses +5.3%These numbers are based on the Home Price Index.At this rate prices will double in less than a year!Contact me for details.

Big changes to the Real Estate Market in February The selling price of properties in Calgary has mushroomed!  Detached properties have risen by 6.5% month over month!  If things keep going as they are prices will double in less than a year!  Today the Bank of Canada raised its lending rate by 0.25% and indicated that interest rates will jump to 1.25% more quickly than expected. Inflation is ...

Calgary Housing market – January 2022 Our first month of 2022 is gone!  What a hectic time it has been in the Real Estate Market; especially for detached property.  The attached graph shows detached sales for the month of January.  The number of sales for January is almost double the ten year average! Prices have taken a significant jump also, and the sales to availability ratio has not been ...

CREB has just published their 2022 Forcast.In a nutshell it is this:1. Strong housing demand is expected through 2022;2. The low interest rates are expected to rise;3. The big question is... Can supply meet the demand?For more detalil on this please contact me!Best wishes for 2022.

Happy New Year 2022! Best wishes to all for a wonderful 2022! Real Estate sales in December were the highest on record.  2021 was a year marked by inventory shortages and bidding wars for any half decent house that was priced well! As a result of this there is a real shortage of inventory going into 2022.  This is especially true of the detached market, not so much of the apartment condomi ...

The Airdrie Real Estate market, especially for Single Family properties is hotter than Calgary. Most listings, if they are priced anywhere near where they should be are gone in a day or two!Here is the strategy to buyi in this market:1. Know what you want;2. Learn the market and the trend;3. Be ready to put the offer as soon as "your" property comes to the market!Hope that helps!

Calgary Real Estate Market – November 2021 This graph shows the way residential prices change in opposition to “months of supply”.  At present Months of Supply is at the lowest level that it has been in years, and so, it is not a surprise to see that prices are going up.  This is a general chart for all property types and all locations of Calgary.  The condominium market continues to lag the ...

Calgary Real Estate Market – October 2021 As of October 31, 2021 market dynamics continues to favour sellers in most sectors.  Detached properties are up 10.5% year/year (y/y); Semi Detached properties are up by 8.9%y/y; Row housing (townhouse) is up by 7.3%; Apartment condominiums are only up by 0.4%. Total sales are up by 24% over October 2020 and housing inventory is down by 16%. Price ...

Calgary Real Estate News – August 2021 Most regions of Calgary have seen price increases year over year of between 10 and 12 percent.  Sales year to date are up by 220% over last year at this time!  As always, this increase is not spread uniformly across the different areas of the city and across different property types.  Much more information is available. Some of the reasons for this wil ...

Hello All;From this attached table you can see that prices have showed good strength over the last year especially in the detached catergory.  Apartment sales are up also but lag single family significantly.We are now seeing a small increase in how long a property stays on the market.  Enjoy your Summer!  Best Wishes;  Paul.