January Market Report 2023

Supply of lower-priced homes remains low for January

February 1, 2023 - The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as detached homes only comprised 47 per cent of all sales.

“Higher lending rates are causing many buyers to seek out lower-priced products in our market,” said CREB® Chief Economist Ann-Marie Lurie. “However, the higher rates are likely also preventing some move-up activity in the…

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COMING SOON - 60 Auburn Sound Terrace SE

Coming Soon to the highly desirable community of Auburn Bay, 60 Auburn Sound Terrace SE.  This fully developed walkout home is situated on an oversized pie lot that is a quarter acre in size and located at the end of a quiet cul-de-sac.  Enjoy lake life within walking distance to Auburn Bay's exclusive central lake, and a short drive from all the amenities neighboring Seton has to offer.  This 4 bedroom home is not one to be missed!

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Calgary Real Estate Board 2023 Forecast

Calgary housing market expected to stabilize in 2023 

City of Calgary, January 24, 2023 - The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a detailed analysis of the economic and housing market trends in Calgary and surrounding areas for the upcoming year.

According to the report, elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic.

“Higher commodity prices, recent job growth, record high migration and relative…

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5 Best Places to Buy Rental Property in Alberta, Canada in 2023

Looking for the best place to own an Airbnb or VRBO vacation rental in Alberta, Canada?

Best Cities for Airbnb Investment in Alberta 2023-2024

Alberta is a popular destination for tourists looking to experience the natural beauty of the Canadian Rockies and the unique culture of the prairies, and owning an Airbnb here can be a great investment.

In this blog we show you the 5 best places to buy rental property in Alberta, Canada in 2023-2024.

Banff

Banff is a small town located in the heart of the Canadian Rockies, and is one of the hottest Airbnb markets in Alberta. It is home to the famous Banff National Park, which attracts millions of visitors each year. Owning an Airbnb in Banff, AB would be a great investment, as the town is…

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COMING SOON - #12, 138 Seton Passage SE

Coming soon to the desirable urban community of Seton. Built in 2019, this 2 bedroom, 2.5 bathroom townhome has an attached tandem garage and modern finishings. Located within walking distance to the world's largest YMCA, Calgary South Health Campus Hospital, Cineplex, shopping, and services, this home is perfect for the first time homebuyer or investor. Don't miss it!

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Reeves Real Estate Report January

January 2023 Wishing you and your family health, happiness, and prosperity in the new year. Calgary Monthly Statistics CREBNow reports that the last month of 2022 showed an ease in sales however there has also been a decline in listings making the inventory level the lowest for December in decades. CREB® January 3, 2023 Click Here for more information on Calgary's Statistics …

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December Market Report 2022

2022 saw record-high sales and double-digit price growth

City of Calgary, January 3, 2023 - December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade.

“Housing market conditions have changed significantly throughout the year, as sales activity slowed following steep rate gains throughout the later part of the year,” said CREB® Chief Economist…

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Coming Soon- 208 Masters Avenue

Welcome to 208 masters Avenue SE in the Beautiful Community of Mahogany!

Welcome to 208 Masters Avenue. This beautifully completed 4 bedroom home includes a fully finished basement, rear detached double garage and custom landscaping for those amazing Mahogany summer nights. Enjoy the oversized dining area located at the front of the home including large windows letting in a ton of natural light. Head over to the kitchen where you find beautiful white cabinetry, granite countertops, stainless steel appliances including a gas range and a spacious island with plenty of room for entertaining. Your cozy living room looks over your private backyard, has enough space for a full sectional and is where you will spend most of your time. The upper floor…

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Coming Soon - 877 Coach Side Crescent SW

Coming Soon - Welcome home to 877 Coach Side Crescent SW. 

Welcome to where character meets modern inspiration in the tastefully completed home located in the heart of Coach Hill. This beautifully renovated home was completed with a professional designer to make sure no detail was overlooked including modern luxury lighting and elegant selected colour pallet. Entering the home you will be greeted with the luxury of the sprawling vaulted ceiling including stunning wood cladding and beam details. Head over to the kitchen where you will get to enjoy your brand new custom kitchen, including modern cabinetry and soft white quartz countertops, upgraded built-in appliances with induction cooktop and a popular farm sink overlooking the backyard.…

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Reeves Real Estate Report December

December 2022 Calgary Monthly Statistics The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in both apartment condominium and row sales. “Easing sales have been driven mostly by declines in the detached sector of the market,” said CREB® Chief Economist Ann-Marie Lurie. “Higher lending rates are impacting purchasers buying power and limited supply choice in the lower price ranges of the detached market is likely causing many…

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