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New property listed in Collingwood, Calgary

I have listed a new property at 42 Collingwood PLACE NW in Calgary. See details here

COLLINGWOOD LUXURY CUSTOM HOME | ATTACHED DOUBLE GARAGE | LEGAL 2 BDRM BASEMENT SUITE. Welcome to 42 Collingwood Place. Situated on a 32’ x 100’ lot atop a quiet cul-de-sac in Collingwood Place, this custom-built home features over 3,000 sqft of total living area. Every detail has been meticulously planned for OPTIMAL LIVING. The main floor features 10’ CEILINGS and a bright south-facing dining area to house all your guests over the holidays. The chef’s kitchen is built with an OVERSIZED ISLAND with quartz counters and LED-under-lighting, matching quartz backsplash, full-height cabinetry and a pot-filler above the 36” gas range. A COFFEE BAR with cabinetry and a beverage fridge adds convenience. A private office is secluded by custom French-inspired iron and glass casement sliding doors provides a sanctuary. The living room features an electric fireplace, custom LED shelving, an in-ceiling speaker system, and a powder room near the mudroom which featuring floor-to-ceiling cabinetry for ample gear storage. The ATTACHED double garage is FULLY INSULATED, drywalled, and includes a 200 AMP breaker, and gas heater and EV charger rough-ins. Upstairs, the primary suite offers breathtaking views of DOWNTOWN CALGARY and the ROCKY MOUNTAINS, an expansive walk-in closet, and a dual vanity ensuite with an OVERSIZED SOAKER TUB, STEAM SHOWER with dual niches, and a standalone VANITY COUNTER with a light-up mirror. A frosted glass window provides privacy while allowing in natural light. The laundry room features quartz counters, a sink, and full-height cabinetry. Two additional bedrooms overlook NOSEHILL PARK, each with custom closet built-ins. A main bathroom and linen closet complete this level. All bathrooms (except the powder room) include IN-FLOOR HEATING and LED underlighting. The LEGAL BASEMENT SUITE boasts 9’ ceilings, a spacious kitchen, a large living area, and TWO BEDROOMS. The suite comes with a full kitchen / laundry appliance package. The mechanical room features TWO furnaces, an A/C unit for the main, a sump pump, radon rough-in, and an oversized hot water tank. The private courtyard-style backyard (vinyl decking) includes outdoor speaker rough-ins and a gas outlet for a BBQ or fire table. CONFEDERATION PARK is just steps away to the south, with Nose Hill Park to the north. Short walk to Collingwood elementary school , St. Francis High School & bus stops, plus easy access to downtown. Close to all amenities—Calgary Winter Club, shopping malls, U of C, Children and Foothills Hospitals. This home blends urban convenience with natural beauty and offers downtown & mountain views. Fully hardwired for security systems and cameras, it also qualifies for CMHC’s 30-year amortization and GST rebates—check with your lender/accountant! Built by Archway Developments, a family-owned business with 20+ years of experience, this home is backed by Progressive New Home Warranty.

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Mid-Summer Market Update – JULY Housing Activity

Housing supply continues to increase in the city of Calgary, with nearly 7,000 units for sale in July across detached, semi-detached, townhomes and apartments. Inventories haven't been this high since before the pandemic, and are now higher than long-term trends. This is nuanced however, with the largest gains of inventory acutely impacting new communities. 

The added supply has weighed on home prices in the city with the benchmark residential price trending downwards over the last couple months (now ~4% below last year's peak) across all property types.

That said, price declines are not impacting all property types across all locations in the city. Even where there have been recent price declines, this hasn't erased gains made over the last several years, effectively setting a 'new floor' for home prices in Calgary. 

As I've mentioned previously, a healthy market will see fluctuations in supply and demand, and a pullback in pricing is positive for sustainable growth over long periods of time. 

Key persistent issues dampening demand are:

• Continued tariff uncertainty (clouding business decisions, and ultimately employment growth)

• Stubborn lending rates (BoC holding policy rates flat)

• Competition from the new home market

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Tracking listings and sales over the last 10 years, we're seeing now inventories ~25% above the 5-year average and sales ~10% below the 5-year average. 

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If you're looking to move, there's no time like the present to start the buying process. Especially if you're looking for a condo or townhome, as a buyer you have much more to select from to find the perfect home. Detached / semi-detached, a little more nuanced depending on the location but more options out there as well. 

If you're looking to sell, give us a call to chat. There's always a strategy no matter the market, but the key here is there are market tops and market troughs that will dictate the strategy and reasonable expectations to set during times of uncertainty. 

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Record July Rainfall – How to Prepare the Home!

Between the two cities, you probably can't tell given the amount of rain we've had lately – Calgary recorded it's 5th wettest July in recorded history, with 139.6mm of rain as of Sunday evening, more than double the precipitation for July. 

The rainiest July in Calgary was recoded in 1927, with 245.4mm. Sunday's weather also broke summer temperature records, having the coldest daytime high for July (16.1 degrees), since 1931...

But fret not, we're seeing some sun on the way later this week with some actual summer weather (hopefully). 

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That said, there are a few things I wanted to bring to your attention as current or potential home owners as it related to water management.

1. Eavestroughs: remember to have your eaves cleaned out at least twice a year (early spring / fall) to manage the amount of debris caught in the eaves and to prevent overflow (having overflow leads to bigger problems, more below)

- Inspect for leaks / overpour, and fix as soon as practically possible to prevent further deterioration

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2.Gutters / Downspouts: Have gutters pointed away from your foundation at least 6-8 feet away; this prevents water from re-entering the soil beneath the foundation which could lead to increase hydrostatic pressure (side wall pressure against foundation), and possible water intrusion

- Inspect for leaks / overpour, and fix as soon as practically possible to prevent further deterioration

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3. Grading: Imperative to have proper grading to allow water to rest away from the foundation of the home. Especially important in our city where we get a ton of freeze-thaw activity, this prevents ice from further damaging the foundation walls which can lead to water intrusion as well

- Ensure to keep an eye on pooling water around the foundation, you'll want to resolve this as soon as possible (big red flag)

- Use soil / gravel to grade away from the home so your lot will shed water

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4. Rain Barrels: As much as "save for a rainy day" sounds old school as it is practical, it not only applies to finances, real estate but also actual rain water. We've had a ton of rain lately, so why not conserve your own bills and use it, it's free! Not to mention, better than tap water for your plants.

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5. Sump Pump: For those who don't know what a sump pump is, this is a cistern cut into your foundation with an installed pump to pull out an excess water in the basement. This is key, and city code for most new-built infills today. It prevents water from accumulating in the basement, and expels it outside. Make sure you have a backflow value on the pump, but also make sure your sump pump line outside is directed at least 6-8 feet away from the foundation (similar to gutters) to prevent re-entry of water

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It doesn't hurt to get an inspection of the home done, and is a wise choice especially before you sell. To point out any potential flaws that another inspector / buyer may flag, resulting in a price reduction or more work from your end. If you need help to point you in the right direction, or want some contacts of great inspectors we work with, give us a call. 

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New property listed in Dalhousie, Calgary

I have listed a new property at 310 5204 Dalton DRIVE NW in Calgary. See details here

UNBEATABLE VALUE | ALL UTILITIES IN CONDO FEE | GREAT AMENITIES | UPGRADED UNIT | Welcome to Vista View - an outstanding condominium building in the heart of Dalhousie in Central NW Calgary. This is a PRIME location, minutes walk from Dalhousie LRT station, bus loops and close to schools (University of Calgary), playgrounds, plethora of shopping (Co-op, Canadian Tire, Northland Mall, Dalhousie Shops, Market Mall, University District), Foothill Hospital, Alberta Children's Hospital and outdoor activities. Building is BRICK & CONCRETE. All utilities are included in the condo fees (heat, water, trash, electricity). A LARGE one-bedroom unit >600 SQFT, and renovated with LVP flooring, and dual bathroom vanities. An open kitchen provides openness to the living space. Massive balcony if you like outdoor living as well. Incredible amenities with the building, including weight room, sauna, games room, library, tennis courts, visitor parking, and ONE SECURE UNDERGROUND HEATED PARKING STALL! Book your showing today! Easy to rent out given this high demand area!

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New property listed in Brentwood, Calgary

I have listed a new property at 3912 Brantford DRIVE NW in Calgary. See details here

Unbeatable location in Brentwood! This is a 1960s bungalow featuring a 3 bedroom legal basement suite in the desirable NW neighbourhood of Brentwood. The rectangular lot has been landscaped with mature trees and shrubs, and faces the field across Brentwood School (no front neighbours!). The property is close to an abundance of well-established amenities such as the University of Calgary, LRT Stations, Transit Stops, Brentwood Village Shoppes, Northland Shops, Market Mall, Foothills Medical Centre, Community Tennis Courts, Public Library, Community Skating Rink, Nose Hill Park.. the list goes on. Plenty of windows with a SW facing front, which have been replaced with triple-pane vinyl windows. Hardwood floors throughout the main, ceramic tile in the kitchen. This home features >1,200 sqft above grade with three bedrooms and one and a half bathrooms. A unique solarium give access to the backyard for 3 season enjoyment. Get inspired with an artists studio atop of the oversized single car detached garage for hobbies and includes a wood-burning fireplace to keep things cozy year-round! Additional upgrades have been made, including the furnace and shingles replaced in 2006, a new sewage line to the City replaced in 2009, and a new hot water tank at the end of 2021. Excellent value for a suited home in a desirable area. Live up and rent down, or rent both as a great cash flowing investment property – schedule your private showing today!

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New property listed in Downtown Commercial Core, Calgary

I have listed a new property at 515 777 3 AVENUE SW in Calgary. See details here

Welcome to the Pavilions of Eau Claire! Live in style and comfort in this TOP FLOOR TWO-STOREY penthouse suite, featuring >1,000 sqft of living space, unobstructed views of the City of Calgary with a private balcony and loft as a second bedroom or an office. This apartment is a RARE find with VAULTED ceilings, an open-concept design with enough space to fit both a living room and separate dining area. Plenty of thoughtful upgrades have also been made – stainless steel appliances, vinyl plank flooring throughout for easier cleaning, clean quartz counters, sink and door upgrades. The living room is framed with a corner gas fireplace for those cozy nights in admiring the city lights. The unit comes with its own laundry room, side-by-side washer and dryer setup with plenty of storage shelves. Your own private storage room off your balcony. The upstairs loft is open to the living area below and enjoys the natural light and excellent views, works great as a flex space for guests (bedroom), office, or studio for hobbies. This unit also comes with 1 secured underground parking corner stall (titled, #144), with NO parking to the right of the stall. The Pavilions of Eau Claire offers plenty of amenities in the surrounding areas, close to shops (The CORE, Kensington), restaurants (Alforno Bakery & Cafe, Buchanan's Chop House & Whiskey Bar, Hutch Cafe, Gyu Kaku Japanese BBQ, etc.), easily commutable to work in the downtown core, the newly revitalized Eau Claire Market area, Prince's Island Park, Chinatown, and just a hop away from LRT / Transit. Not to mention the world-class Bow River Pathway & the Eau Claire Athletic Club to fit all your recreational needs! Eau Claire known as a the sanctuary on the West End of Downtown away from all the busy traffic but right on the river for summer evening strolls and beautiful views. Schedule a showing today and see what urban living at Eau Claire is like at the Pavilion!

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CREB Spring 2025 Market Outlook

While spring is now behind us as of 4 days ago, CREB has published it's seasonal market update, highlighting real estate activity here in Calgary (and surrounding areas) that we've seen from January to May. 

Key Themes

The Not So Good

  • Continued domestic economic uncertainty leading to lower consumer confidence

  • Ongoing global economic uncertainties leading to lower business investment in Canada

  • Slower trade

  • Pause in rate hikes (but also fewer rate cuts)

  • Record high housing starts (more new-built supply)

  • Slower immigration levels (yet still strong)

The Good

  • Alberta continues to lead Canadian GDP

  • Supportive population growth with previous gains

  • Resilient job market growth

  • Lower expected lending rates in 2H

Overall, sales are slowing and we're seeing a much more balanced market. However, this is nuanced, as we see strong seller's market persist in lower-priced detached product (under $600,000). We're also expected to see some more market stability, without double-digit gains like we've seen in prior years, but also no huge prices losses. 

CREB expected prices to stabilize for the remainder of 2025:

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In more detail, here's the breakdown:

Current Economic Outlook

  • Current Inflation: 1.7% (April 2025)

  • WTI Price: US$72/bbl (June 17, 2025)

  • Policy Interest Rate: 2.75% (April 2025) --> 2.25% (2025 Expected)

  • Calgary employment continues to be strong, peaking earlier this year since 2014

  • Alberta net migration expected to see 41,880 NEW individuals arrive (majority of those to be interprovincial)

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New Construction & Rental Market

Off record highs from last year, we continue to see new home starts continue to rise. However, much of the product being built is higher-density, intended for the rental market. This will continue softening the rental market. New product is also expected to weigh on condos and rows. We're also seeing higher days on market for neighbourhoods that have much more new-built product (infill type areas), since all that new product is competing with the resale market as well. 

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For more property specific details, see the FULL REPORT HERE.

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New property listed in Collingwood, Calgary

I have listed a new property at 42 Collingwood PLACE NW in Calgary. See details here

COLLINGWOOD LUXURY CUSTOM HOME | ATTACHED DOUBLE GARAGE | LEGAL 2 BDRM BASEMENT SUITE. Welcome to 42 Collingwood Place! Situated on a 32’ x 100’ lot atop Collingwood Place, over 3,000 sqft of total living area, custom-built home is a true masterpiece. Every detail has been METICULOUSLY planned for OPTIMAL LIVING. The main floor features 10’ CEILINGS and a bright south-facing dining area. At the center is a chef’s kitchen with an OVERSIZED ISLAND, quartz counters and backsplash, LED-under-lighting, full-height cabinetry and a pot-filler above the 36” gas range. A COFFEE BAR with cabinetry and a beverage fridge adds convenience. A private office space is secluded by custom French-inspired iron casement sliding doors sits across the kitchen. The living room features an electric fireplace, custom LED shelving, an in-ceiling speaker system, and a powder room near the mudroom which boasts floor-to-ceiling custom cabinetry for ample storage. The ATTACHED double garage is FULLY INSULATED, drywalled, and includes a 200 AMP breaker and gas heater and EV charger rough-ins. Upstairs, the primary suite offers breathtaking views of DOWNTOWN CALGARY and the ROCKY MOUNTAINS, an expansive walk-in closet, and a dual vanity ensuite with an OVERSIZEDSOAKER TUB, a STEAM SHOWER with dual niches, and a standalone VANITY COUNTER with a light-up mirror. A frosted glass window provides privacy while allowing in natural light. The laundry room features quartz counters, a sink, and full-height cabinetry. Two additional bedrooms overlook NOSEHILL PARK, each with custom closet built-ins. A main bathroom and linen closet complete this level. All bathrooms (except the powder room) include IN-FLOOR HEATING and LED underlighting. The FULLY LEGAL BASEMENT SUITE boasts 9’ ceilings, a spacious kitchen, a large living area, and TWOBEDROOMS. The suite comes with a full kitchen / laundry appliance package. The mechanical room features TWO furnaces, an A/C unit for the main, a sump pump, radon rough-in, and an oversized hot water tank. The private courtyard-style backyard (vinyl decking) includes outdoor speaker rough-ins and a gas outlet for a BBQ or fire table. CONFEDERATION PARK is just steps away to the south, with Nose Hill Park to the north. Short walk to Collingwood elementary school , St. Francis High School & bus stop, easy access to downtown. Close to all amenities—Calgary Winter Club, shopping malls, U of C, Children and Foothills Hospitals. This home blends urban convenience with natural beauty and offers downtown & mountain views. Fully hardwired for security systems and cameras, it also qualifies for CMHC’s 30-year amortization and GST rebates—check with your lender/accountant! Built by Archway Developments, a family-owned business with 20+ years of experience, this home is backed by Progressive New Home Warranty. Contact your favorite realtor today—this home will IMPRESS!

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New property listed in Scenic Acres, Calgary

I have listed a new property at 179 Scenic Hill CLOSE NW in Calgary. See details here

PRIME CORNER LOT IN SCENIC ACRES | PERFECT FAMILY HOME | EXTENSIVELY UPGRADED. Welcome to this beautifully maintained and extensively upgraded 1,923 sqft , 3 bedroom / 3.5 bathroom two-storey split home, ideally located on a quiet street in desirable Scenic Acres—just a short walk to schools, parks, and transit. Situated on a sunny corner lot, this home blends comfort, functionality, and value in one of NW Calgary’s most desirable communities. The main level features vaulted ceilings and bayed windows in the spacious living and dining rooms, flooding the space with natural light. The vaulted ceiling in the kitchen offers vertical space and airflow, a large walk-in pantry, and flows seamlessly to the breakfast nook, which opens onto an oversized composite deck complete with a covered pergola—perfect for outdoor dining and entertaining. A backyard playset with swing adds extra family-friendly appeal. Hardwood flooring spans both the main and upper levels, including the sunken family room with a cozy wood-burning fireplace (gas starter). A dedicated main floor laundry room and convenient half bath complete the main level. Upstairs, the primary suite boasts a large walk-in closet and a fully renovated 3-piece ensuite (2024). Two additional generously sized bedrooms and a brand-new 4-piece bath (2024) round out the upper floor. The fully finished basement offers a spacious rec room, private office/den, and an additional 3-piece bathroom—ideal for guests or a home workspace. Significant upgrades: replaced windows in 2011 and added attic insulation (2024), high-efficiency furnace (2007), hot water tank replacement (2023), electrical panel upgrade (2018), COMPLETE basement renovation (2014), updated light fixtures, and FULL REPLACEMENT of POLY-B piping. The double attached garage is insulated for year-round utility. This is a move-in ready home that checks every box in a location that’s hard to beat!

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May Market Update

CREB release its monthly update for MAY this week, and it looks like prices have pulled back, a bit on an aggregate basis, largely due to Rowhomes and Apartments.

However, the detached market continues to be VERY active, now is the time to pursue a move if that's what you're thinking.

Despite the pullbacks and slower sales this year, we're still seeing sales remain >11% over long term trends for this time of year = very active market (i.e., # of detached home sales for the same week last year, nearly identical).

If folks are talking about a market crash in Calgary, that is far from the truth, and we're seeing a balancing from extreme sellers' conditions for the last few years. 

Stats below...

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CALGARY'S Affordable Housing Initiatives

Given the housing crunch we've seen over the last couple of years, the City of Calgary announced a NEW HOUSING initiative Monday, targeting more affordable housing projects which will receive $30.7 million in investment for approximately 480 non-profit, non-market homes for Calgarians (Housing Capital Initiative).

These projects include senior, family and Indigenous housing projects across the city, ranging from one-bedrooms to three-bedrooms. 

These projects are located below:

Some of these projects will be using pre-fabricated modular housing units, allowing record build time - 21 days to build a completed module, with achieving 84 homes in 69 days. 

The current statistic is that ~275 people move here to Calgary, every single day - which has led to a massive increase in housing demand. With a detached home selling for ~$770K and condos for ~$336K in Calgary, owning a home remains out of reach or a challenge for many.

As many of you expect, this only addresses a very small portion of the underserved population - which is important, however the bigger picture remains challenged on the supply side for now for the general population. The picture is improving, as we're now seeing MUCH more inventory come to market (stats pulled every week at our office); approximately 128% increase in listings across all property types compared to the same time last year!

My recommendation if you're thinking about selling is to hit the market sooner rather than later. We often see slower sellers come to market in late Spring, which sees a build-up of inventory through to the end of summer, where it's typically slower (summer holiday), and your listing won't get the attention it deserves. 

If you're thinking about selling your property, give me a call / email, and I'd be happy to drop by to provide some professional advice on how we can sell your home in today's market!

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Back to a Balanced Market? APRIL MARKET UPDATE

Many of you might be wondering what the current Calgary real estate market is like now... after the Canadian Federal Election, and following the onset of certain tariffs from the U.S... 

CREB reported their monthly statistics (albeit April data), it shows an interesting picture leaving many wondering if we're back to a balanced market. I also came across an interesting article worth looking at (more about that below)..

Compared to April last year, we've seen a significant increase in listings, with total inventories rising to 5,876 units during the month -- this is double what we saw last year! However, last year's inventory was exceptionally low, and this total represents more of the longer-term trend. Sales are still happening, also consistent with long-term trends (despite being 22% lower than last year, which was an outlier)

Previous gains in migration, stable employment levels, lower lending rates, better supply choice have help keep prices stable. With total months of supply, we're in a balanced market (generally), but really depends which segment we're looking at. 

Now, on that interesting article.. we know Alberta has seen a drove of people moving to the province for LOWER COSTS, LOWER TAXES, HIGHER AVERAGE INCOMES, but did you realize that the bulk of interprovincial migration is largely from people between the ages of 25-44, calling Alberta their new home. (Article) Why this is important, is that this demographic DRIVES consumption, and economic PRODUCTION. So we're seeing migration, but also skilled migration into our province which will set us up for (hopefully) a very promising future in our province.

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