March 2023
2023 is off to a great start! In addition to recently receiving eXp Realty's ICON Agent Award, we are so excited to announce that Erin has made the inaugural eXP Realty Top 50 Individuals by volume list in Canada, ranking #22. We couldn’t have done it without our clients, friends, family, and supporters. This is an incredible achievement and we are thrilled to share it with all of you. Thank you eXp Realty and thank you to everyone who has supported Erin. Let’s make 2023 the best year yet!
 

Calgary Monthly Statistics

The Calgary Real Estate Board (CREB®) reports that consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

“While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains,” said CREB® Chief Economist Ann-Marie Lurie. “Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward pressure on prices over the near term.”

CREB® March 1, 2023
Click Here for more information on Calgary's Statistics
Airdrie, Cochrane and Calgary Region 

Airdrie is showing that inventory levels are improving however they continue to run lower than historic levels for this time.  As the benchmark prices remain comparable to last year at this time they are still lower than we were seeing at the peak of April, 2022.

Cochrane stats show that like Airdie, inventory levels are also on the rise and are double what we were seeing last year at this time but lower than long term trends for February.  The benchmark price is higher than last year at this time however prices are still lower than what we saw during the peak in Cochrane of June, 2022.
CREB® March 1, 2023
 
For more information on Calgary Region's Statistics Click Here
 
 
Keeping Housing Affordable
If Alberta needs 20,000 more housing units by 2030, above and beyond the current rates of construction to maintain affordability, how are they going to do that?  The city of Calgary developers are saying that the building approval process is broken and needs a more sustainable path.  Click below to see how the city and developers are working towards improving this process before Calgarians find themselves in an housing affordability crisis.
Read More Here
 
187 Heritage Lake Drive, Heritage Pointe
 
BEAUTIFULLY RENOVATED home on 0.42 acre lot backing onto the ridge in the lake at Heritage Pointe! This stunning 4 car garage estate home is on one of the largest lots in the community with beautiful ravine views and offers over 6500 square feet of newly renovated space! It is also located just steps away from access to the north dock on the 28 acre lake.
Click Here for More Details
Click Here for all of Reeves & Associates Listings
 
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