Calgary Real Estate Blog - Erin Reeves

January 2022 Market Report

Sellers’ market conditions continue to impact prices

>City of Calgary, Feb. 1, 2022 – Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.  The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two per cent and a year-over-year gain of 12 per cent. “Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie. “We did see more listings…

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2022 Market Forecast

Media Release: Calgary housing market expected to remain strong in 2022 after record-breaking 2021

City of Calgary, Jan. 25, 2022 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.
“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie. “The biggest question will be whether supply can meet that demand. It will take time for housing to move out of sellers’ market conditions, so we do anticipate prices will…

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December 2021 Market Report

2021 record year for home sales

City of Calgary, Jan. 4, 2022 – Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.“Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept pace with the demand, causing strong price growth,” said CREB® Chief Economist Ann-Marie Lurie.

As of December, the unadjusted benchmark price rose by nearly one per cent over last month and was sitting over 10 per cent higher than last year’s figures. Overall, the 2021 benchmark…

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November 2021 Market Report

Persistent sellers’ market conditions drive up prices

City of Calgary, Dec. 1, 2021 - Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.  “Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”
New listings in November totalled 1,989 units, which was fewer than the number of sales this month. With a sales-to-new-listings ratio of over 100 per cent, inventory levels dropped to 3,922 units and the months…

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2533 4th Ave NW Calgary AB

Welcome to 2533 4th Avenue NW Calgary

Look no further, welcome 2533 4th Avenue NW,  this modern and elegant suburb sized home conveniently located in West Hillhurst. With 3320 sq.ft of finished living space this home is a sprawling 23' wide & positioned on a 31' wide homesite. Located on a no thru road at the end of 4th avenue, this south facing backyard will be perfect for bbqing and entertaining. Enter through the front door into your oversized entry with floor to ceiling windows. Immediately get pulled into the custom details including horizontal iron railings, 10’ main ceilings and built-in bench details. With plenty of room to host a dinner party, show off your gourmet kitchen including an 8’-6”x4’ kitchen island, beautiful black…

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#12, 1710 28th Avenue

Welcome to #12 1710 28th Avenue

#12, 1710 28th Avenue SW is a 3 bedroom, 2 and half bathroom with double garage Brooklyn Townhome that Trico Homes built with luxury and ease of urban living in mind. The main floor has a bright and open concept kitchen and dining space fixed with stainless steel built in appliances; the large living room area has a captivating tiled mantle and electric fireplace. With modern elements such as 1.25” granite countertops, luxury flooring and contemporary lighting throughout, this design is a must see.  There are double master bedrooms on the upper floor with a beautiful ensuites and spacious walk-in closets. To top it off, there are balconies on both the main and upper floors as well as a stunning, private roof top…

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768 Seton Circle SE Calgary AB

Say hello to 768 Seton Circle SE

Take advantage of this rare opportunity to own a 1 year old Jayman Home, including all of the latest energy efficient and smart home features including 6 Solar Panels, Triple Pane Windows, tankless water heater,  Ecobee smart thermostat, 5 voice controlled light switches, and electric vehicle charging rough in to the garage. This popular design offers a 4 level split including private and spacious entry, leading up to the main floor with kitchen, dining room, greatroom and home office, head up one more floor to the massive primary owners suite including 9' ceilings, oversized walk in closet and custom ensuite with quartz counters and tile and glass shower. Head over to the kids wing where you will find a central…

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October Market Report 2021

Market continues to favour the seller in October

City of Calgary, Nov. 1, 2021 - 

There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years and 42 per cent higher than 10-year averages.

 “Moving into the fourth quarter, the pace of housing demand continues to exceed expectations in the city,” said CREB® Chief Economist Ann-Marie Lurie.

“Much of the persistent strength is likely related to improving confidence in future economic prospects, as well as a sense of urgency among consumers to take advantage of the low-lending-rate environment.”

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217 Wolf Willow Blvd SE

Welcome to 217 Wolf Willow Blvd

This 3 bedroom and 2.5 bathroom located at 217 Wolf Willow Blvd that is in its final stages of development. A modern contemporary Hardy plank exterior in the colour of Mountain Sage and rear 10 x 10 deck, is just the beginning of what this home has in store. The main floor holds a kitchen laden with details such as under cabinet lighting, potlights, high end stainless steel appliances and quartz countertops. This leads to a dining area and a bright and naturally lit Great Room. Upstairs you’ll find the bedrooms, main bath and a cozy loft. The primary bedroom offers a walk-in closet and a beautiful ensuite bathroom with features such as double sinks, tile floor and a luxury tile and glass shower. 

 The Wolf…

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75 Wolf Willow Street SE Calgary AB

Welcome to 75 Wolf Creek Street SE

75 Wolf Creek Street SE is a newly built 3 bedroom 2.5 bath home with a double garage. It is situated on a corner lot steps away from the notable Blue Devil Golf Course. The main level entry brings you to the beautifully spacious open concept great room, kitchen and dining area; with features such as a walk-through pantry, stainless steel appliances, chimney hood fan, built in microwave, quartz countertops, luxury vinyl plank flooring.  The upper floor begins at a bright yet comfy central bonus room which leads to the three bedrooms and a 4 piece bathroom. The primary bedroom has a must see 5 piece ensuite featuring a soaking tub and glass and tile shower perfect for those relaxing spa nights. The rear deck has room…

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