Real Estate Blog

New Year is about new heights and new achievements, new experience and new acquaintance. As we start Year 2017, a year of the rooster – a very proud and confident bird that carries itself with dignity, we hope all these necessary qualities help you to emerge victorious in all your new and existing endeavors!

To start the new year right, we have provided a quick recap of the local real estate market last year to give you a sense of where we are at today. If you would like to receive our monthly newsletter simply click here.

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Dropped prices prompted by slow sales activity and inventory gains

Email Version YYC Jan 2016-for posting-01


Calgary, Feb. 1, 2016 – Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended.
“The recent slide in energy prices has raised concerns about near-term recovery prospects for the city,” said CREB® chief economist Ann-Marie Lurie. “Energy market uncertainty and a soft labour market are weighing on many aspects of our economy, including the housing sector.”
City wide, January sales totaled 763 units, 13 per cent below last year and 43 per cent below long-term averages. While new listings declined by 16 per cent compared to January 2015, the number of new listings far outpaced the sales, causing inventory gains. January’s
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Forget that long commute and the structured 9-5 work day. Make it a thing of the past by starting up your own home-based business, where you can work at home and be your own boss. More and more people are leaving the office setting behind for the comfort of their own home.


Two types of home occupations are allowed in Calgary.

The first type is a Class 1 Home Occupation which has no effect on the surrounding neighbourhood. This type is allowed in all residential neighbourhoods.

Some Class 1 Restrictions:

• You must live in the home associated with the home occupation.
• The business cannot be visible from the outside.
• There can be no employee or business partners working at the home who do not live at the home.
• There can be no more than 3

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Nothing is more Canadian than passing the time of a long, cold winter on a backyard ice rink. Sadly, there is a perception homemade rinks are difficult to make and even harder to maintain. Now with an array of products and how to videos available online, now it can be a simple project well worth a little effort for a ton of fun.




Before you begin, you’ll need to consider a few things:

How big of a rink do you want and where will you put it?
The bigger the rink, the more the materials and costs. Take measurements of your backyard and outline the shape and size you want. Check your slope and know for sure where your water line will be when you fill. This is the single most important step to building a rink. Even the slightest slope can

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High supply levels positioned downward pressure on prices in December



Calgary, Jan. 4, 2016 – With the focus shifting toward the holiday season, December sales activity slowed to 878 units in the city, 18 per cent below last year at this time and well below the five and 10-year averages.

As a result, the unadjusted benchmark price dipped to $448,800, a 0.42 per cent decline over the previous month and 2.33 year over year.

CREB® chief economist Ann-Marie Lurie noted December followed a pattern established early on in 2015, which was characterized by slower housing demand.

“Economic uncertainty, followed by weak economic conditions and job losses, contributed to slowing housing demand throughout the year,” she said.


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Let’s have fun and welcome 2016 




- High Performance Rodeo – Thursday, January 7 – Sunday, January 31

- The Motorcycle Show Calgary – Wednesday, January 8 – Sunday, January 10

- Water Polo Canada - NCL 16U Boy's & Girl's – Friday, January 15 –Sunday, January 17

- Home Expo 2016 – Friday, January 15 –Sunday, January 17

- The Wedding Fair – Sunday, January 17

- Chestermere Winterfest – Saturday, January 23

- Calgary RV Expo and Sale – Thursday, January 28 – Sunday, January 31


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- New Year’s Eve Family Pool Celebration

- New Year's Eve Outdoor Celebration


- Zoo Year’s Eve


- Cheers 2 New Years 2016


- NYE Ultimate Cowboy Rodeo and Cabaret


- Airdrie News Year's Eve Fireworks






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Holiday times are surging of school concerts, parties, visits to Santa and shopping trips to the mall but it is also cheerful times.  However, if your home is on the market this time of the year you can know the brave buyers out there are serious. Seeing your home trimmed for the holidays just might make them want to ring in the New Year there as their own home.

 Try these tips to get buyers in the buying spirit:

Pure and Simple.  Adding reindeer and snowmen figurines to an already cluttered home, will not transform it to inviting.  Before you start to add festive cheer, be sure to stage and clean your home first.

A Few of My Favorite Things. The pillars of home-staging might tempt you to avoid the adornment, but a few hints of the

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- Once Upon a Christmas - Saturday, November 21 to Sunday, December 20

- Lion’s Festival of Lights – Saturday, November 28, 2015 to Friday, January 8, 2016

- Christmas at Spruce Meadows - Saturday, December 5 to Sunday, January 3, 2016

- The CP Holiday Train – Friday, December 11

- The Christmas Carol Project - Monday, December 21 to Wednesday, December 23

- ZOOLIGHTS – Friday, November 27, 2015 to Saturday, January 2, 2016

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The frail sales movement is comparative to inventory places plummeting pressure on prices 

Email Version YYC Nov 2015-01 for posting-01


Calgary, Dec. 1, 2015 – Persistently high inventory levels within Calgary’s residential resale housing market, combined with weak sales activity, contributed to buyers' conditions in November.

Monthly sales totaled 1,263 units, a 28 per cent decline from last year and nearly 20 per cent below the 10-year average. Meanwhile, the amount of new listings in the market increased by five per cent over last November, and moved five per cent above 10-year average.

The combination of both soft sales and elevated listings caused months of supply to rise above four months. It represents the third consecutive month that housing supply in the city has remained

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