Introduction

Buying your first or next home in Calgary should feel exciting—not overwhelming. But for many home buyers, the process often comes with uncertainty and questions. That’s why it’s crucial to understand Calgary’s home buying landscape early on.

The Calgary real estate market has its own rhythm. Whether you’re buying in the heart of the city or exploring communities like Springbank, Cochrane, Airdrie, or Okotoks, understanding local market conditions is key.

Calgary offers a diverse range of properties—detached homes, townhomes, condos—all with different price points and demand levels. The market shifts seasonally and is influenced by factors unique to Alberta’s economy, lifestyle, and growth patterns.

As a local real estate expert, I stay on top of these trends. But more importantly, I translate them in a way that matters to Calgary home buyers like you—so you’re not just buying a home, you’re making a smart, informed investment based on real-time knowledge and your long-term plans.

Why Owning a Home in Calgary is a Game-Changer

Let’s pause and talk about the bigger picture:

Why is owning a home such a turning point in someone's life?

For many people, especially first-time home buyers, homeownership isn’t just about securing four walls and a roof. It’s about creating something lasting—a sense of stability, freedom, and long-term wealth that renting simply can’t offer.

Every mortgage payment you make builds your equity, not your landlord’s. Over time, your home becomes more than just a place—it becomes a powerful asset, a nest egg for your future, and a cornerstone of your financial security.

It gives you control. It allows you to plant roots, personalize your space, and know that every improvement you make benefits you.

But beyond finances, homeownership reflects independence, responsibility, and growth. It strengthens your connection to your community, raises social standing, and—perhaps most importantly—provides the peace of mind that you’re building something truly yours.

The journey to owning may come with questions and fears—but the reward is worth it. Owning a home changes not just where you live—it changes your future.

Step-by-Step Confidence for Calgary Home Buyers

Step 1: Clarify Your Financial Comfort Zone

One of the most common worries I hear from home buyers in Calgary is: “What if I can’t really afford this?”

It’s a valid fear. That’s why the first step is never about what a bank says you qualify for—it’s about what feels right for your life.

I’ll connect you with trusted Calgary-based mortgage advisors who prioritize your comfort, not just the maximum number. We’ll take a close look at your lifestyle today, your goals for tomorrow, and map out a budget that gives you freedom—not financial strain.

This isn’t about stretching yourself too thin—it’s about setting a foundation you can build confidently on, knowing you’re stepping into homeownership from a place of stability and control.

Step 2: Define Your Needs, Wants & "Why"

The home search in Calgary can feel overwhelming—so many options, opinions, and distractions. That’s why we don’t jump in without a plan.

I’ll help you get crystal clear on what really matters to you:

• What are your non-negotiables?

• What features align with your lifestyle?

• Most importantly, what’s your “why” behind buying a home?

Is it stability? More space for your family? Building long-term wealth? Once we define your personal priorities, I’ll create a tailored guide to keep us focused. That way, you stay grounded, confident, and protected from emotional decision-making or outside pressure. You won’t just find a house—you’ll find your Calgary home.

Step 3: Navigate the Calgary Home Search with Local Insight

Every community in and around Calgary has its own character. From the vibrant energy of inner-city neighborhoods to the peaceful, spacious surroundings of Springbank or the family-friendly vibe of Cochrane, knowing where to look is just as important as knowing what to look for.

I’ll walk you through each option, factoring in:

• Commute times

• Schools

• Amenities

• Lifestyle fit

• Long-term potential for growth

Because the right home isn’t just about square footage—it’s about how it fits your life, your family, and your future in Calgary.

Step 4: Due Diligence & Inspections—No Guesswork

No one wants to face unexpected surprises after they move in. That’s why we never rely on guesswork.

I’ll connect you with trusted home inspectors who break down exactly what’s cosmetic, what’s critical, and what’s worth paying attention to. And if you’re buying a condo in Calgary, we’ll bring in a condo document reviewer who will assess the financial and physical health of the building—so you’re not inheriting someone else’s problem.

This step gives you peace of mind, clarity, and confidence. You’ll never feel rushed or unsure—you’ll know exactly what you’re walking into before you commit.

Step 5: Negotiations, Paperwork, and Deadlines

For many home buyers, this is where the process starts to feel overwhelming. Deadlines, conditions, paperwork—it’s easy to worry about missing something crucial.

But this is where I step in fully. I handle every detail—negotiating the offer, reviewing the fine print, and ensuring all conditions are met on time. You’ll never have to wonder, “Did I forget something?”

My goal is simple: You focus on your future Calgary home—I’ll handle the logistics.

Pro Tips for Calgary Home Buyers

Here’s a few extra insights I’ve learned guiding buyers like you:

• Patience is power: Calgary’s market moves quickly, but I’ll make sure you’re prepared without rushing into the wrong fit.

• Look at future potential: Communities like south Calgary, Airdrie, and Okotoks are growing—this could mean more equity down the road.

• Understand Alberta’s nuances: From property taxes to legal considerations, I’ll guide you through the province-specific details that often get overlooked.

Conclusion: Let’s Build Your Future Together

Buying a home doesn’t have to be intimidating.

With the right local guidance, a clear plan, and someone by your side, you can move past the fears and uncertainties—and step confidently into the next chapter of your life.

Whether it’s your first home or your next, you deserve an experience that feels informed, calm, and empowering every step of the way.

Ready to get started? Let’s refine your Calgary home buying journey—together.

Buying a home is one of the biggest decisions you’ll ever make. It’s exciting, emotional, and at times, overwhelming. Many buyers go into the process with a vision of their perfect home—one that checks every box on their list. But the reality is, there’s no such thing as a perfect home. Even if you build from the ground up, you’ll eventually find something you would have done differently. That’s why the key to a successful home purchase isn’t about chasing perfection—it’s about focusing on what truly matters to you and your lifestyle.

What Really Makes a Home “Right” for You?

Many buyers start their search with a long wish list, but as the process unfolds, it becomes clear that some things matter more than others. It’s easy to be drawn to a beautifully staged living room or a dream kitchen, but those features alone don’t define whether a home is truly a good fit.

Instead, ask yourself: Does this home work for my everyday life? The goal is to find a home that supports your needs—whether it’s proximity to work, a school district, a quiet retreat, or access to parks and recreation. A home should make your daily routines easier, not harder.

For example, if you’re a busy professional who commutes daily, you might value easy highway access or a transit-friendly location. If you have young children, being within walking distance of a good school or daycare can be a game-changer. If you’re an active person, living near running trails, a gym, or a swimming pool might be a priority. Think about how you actually live—not just how you imagine living.

The Balancing Act: When Buyers Have Different Priorities

In many cases, partners or family members buying together will have different priorities. One may want a vibrant, walkable community close to shops and cafés, while the other dreams of a private retreat with no neighbors in sight. While it’s normal to have different preferences, the key is to find a middle ground.

Sometimes, the right home is a cul-de-sac property that’s still close to a shopping plaza. Or a suburban home with a backyard that feels private, even in a lively neighborhood. The compromise isn’t about giving up what’s important—it’s about finding a home that meets the most essential needs of everyone involved.

No Home Checks All the Boxes—And That’s Okay

One of the biggest mistakes buyers make is holding out for the “perfect” home. The truth is, every home will have trade-offs. Some might be minor—like a floor plan that’s not exactly what you envisioned. Others might require adjusting your expectations—like realizing a detached home in your preferred location is out of budget, but a townhome in the same area could be a great fit.

Even buyers who build custom homes eventually find things they would change. Over time, lifestyles evolve, needs shift, and priorities change. The goal isn’t to find a flawless home—it’s to find one that works for you, RIGHT NOW.

Even buyers who build custom homes eventually find things they would change. Over time, lifestyles evolve, needs shift, and priorities change. The goal isn’t to find a flawless home—it’s to find one that works for you, right now, and in the foreseeable future.

That’s why it’s so important to prioritize needs over wants. Your must-haves should be the features that directly impact your daily life and long-term comfort. Wants—like a certain cabinet style, a trendy backsplash, or a bonus room—are nice to have, but they shouldn’t drive your decision. A home that checks the right boxes for your needs will always be a better investment than one that simply looks good.

Location Matters More Than You Think

No matter how beautiful a home is, you can’t change its location. And when it comes to resale, location will always be the most important factor. While it’s impossible to predict the future market, some locations tend to hold value better than others.

For example, homes on quiet streets, cul-de-sacs, or away from major roads typically have stronger long-term appeal. If a property has a protected view, such as overlooking a green space or a park, that’s another valuable feature. A home in a well-established neighborhood with strong community amenities—like schools, shops, and transit access—will often be in demand, even in changing markets.

If resale value is a concern, think about how desirable the home’s location will be to the next buyer. You may plan to stay for years, but life changes—jobs shift, families grow, and priorities evolve. A great location ensures you’ll always have options.

Stay Focused and Trust the Process

It’s easy to get caught up in emotions when buying a home. A beautifully staged property might make you overlook practical concerns, while a home with dated finishes might cause you to dismiss something that’s otherwise a great fit. This is where having a clear list of priorities helps.

Before starting your search, sit down and define:

• What are your non-negotiables? (Things that will truly affect your quality of life)

• What are your nice-to-haves? (Features that would be great, but aren’t essential)

• What’s your budget’s reality? (Compromises may be needed, so knowing what you’re willing to trade off is key)

And most importantly—work with an agent who understands your priorities and can guide you toward the right fit.

A perfect home doesn’t exist, but the right home for you does. By focusing on what truly matters—location, lifestyle, and long-term value—you can confidently choose a home that meets your needs without regrets.

If you're thinking about buying and want expert guidance in finding a home that fits your life, let’s connect. I’d love to help you navigate the process and make a choice you’ll feel great about for years to come.

Refining Your Real Estate Experience Is My Top Priority.

As a real estate agent and lover of thoughtful design, I’m inspired every day by the world around me. One look at the glowing lights of iconic buildings, and you’re reminded of how much beauty surrounds us—even in the dark. This article isn’t just about appreciating these architectural wonders; it’s a gentle nudge to recognize the beauty in our everyday surroundings, to travel and explore, and to bring some of that magic into our own homes.

Why Write About Iconic Architecture?

Too often, we take the beauty around us for granted. We’re so busy with our routines that we forget to look up at the city skyline, admire the soft glow of a neighborhood home at dusk, or even notice the way a single light transforms a space. My goal in writing this article is to remind you of that beauty—whether it’s found in Calgary, in global landmarks, or even in your own backyard.

Architecture like the Empire State Building, the Flame Towers of Baku, or the Lotus Temple in New Delhi doesn’t just draw the eye; it tells a story. At night, these structures come alive, illuminated by carefully placed lights that accentuate their unique designs. These glowing masterpieces inspire us to travel, to dream, and to create. And why stop there? Let’s bring some of that magic into our own homes.

How to Illuminate Your Home: Ideas for Winter and Summer Nights

Great lighting isn’t just for iconic buildings. With a little creativity, you can transform your own home into a warm, inviting space—perfect for dark winter months or magical summer evenings.

1. Use Warm, Ambient Lighting:
Winter evenings in Calgary can be long, so why not create a cozy atmosphere?

• String Lights: Perfect for patios, balconies, or living room corners. Opt for warm white lights for a soft glow. Check out Twinkly String Lights or Amazon String Light Options.

• Candles and Lanterns: Battery-operated candles or Moroccan-style lanterns bring an elegant touch to your space. Try Pottery Barn Lanterns or Wayfair Candle Options.

2. Highlight Your Garden:
Take a cue from iconic buildings and use lighting to draw attention to your landscaping.

• Spotlights Under Trees and Bushes: Create drama and dimension by placing small spotlights under large trees or bushes. Look into Philips Hue Outdoor Spotlights or Home Depot’s Landscaping Lights.

• Pathway Lights: Solar-powered pathway lights can make your garden accessible and inviting year-round. Check out Costco Solar Path Lights or Lowe’s Lighting Options.

3. Add Projectors for Unique Effects:
Projectors are a versatile way to play with light.

• Under Bushes or Shrubs: A projector angled upward can highlight textures and shadows for a striking effect. Look into Amazon Garden Projectors or Walmart Projectors.

• Seasonal Themes: Use projectors with different patterns or colors to reflect the season—think snowflakes for winter or vibrant greens for summer. Check Holiday Projectors from Target.

4. Invest in Smart Lighting:
Control the mood with smart lighting that allows you to adjust brightness, color, and timing via your phone.

• Outdoor String Lights: Many come with smart features for easy customization, like Govee Smart String Lights.

• Color-Changing Bulbs: Indoors or outdoors, color-changing bulbs let you adjust to the occasion. Check out Philips Hue Color Bulbs or LIFX Smart Bulbs.

Summer evenings are perfect for spending time outdoors. Enhance your space for entertaining or relaxation:

• Fairy Lights in Trees: Wrap fairy lights around tree trunks or drape them across branches for a whimsical look. IKEA Fairy Lights or Lights.com are great options.

• Outdoor Chandeliers: Create an elegant dining area on your patio with an outdoor chandelier. Check out Wayfair Outdoor Chandeliers.

• Lanterns with LED Candles: Safe and stylish, they can be scattered around for a romantic atmosphere. Try Bed Bath & Beyond Lanterns.

If you’re as captivated by glowing architecture as I am, why not add these stunning buildings to your travel bucket list?

• Empire State Building (New York, USA): A timeless icon that lights up the Manhattan skyline.

• Flame Towers (Baku, Azerbaijan): Their LED display mimics flickering flames at night.

• Canton Tower (Guangzhou, China): A rainbow of colors transforms this skyscraper after dark.

• Khan Shatyr Entertainment Center (Astana, Kazakhstan): Its glowing tent-like structure is breathtaking.

Traveling to see these places is not just about architecture—it’s about experiencing the world differently, seeing the stories that light can tell, and drawing inspiration from these majestic designs.

Whether you’re traveling to see architectural wonders or brightening your own space, lighting has the power to transform. It can create warmth on a cold Calgary winter night, set the stage for summer gatherings, or simply inspire you to see the world in a new way.

So, as you admire those twinkling lights around your city or dream of visiting a far-off landmark, remember: beauty is all around us. Sometimes, all it takes is the right light to see it.

If you’re looking for tips on creating a home that shines—inside and out—feel free to reach out. Let’s refine your real estate experience, and together, we can light up your next chapter.

Disclaimer

The links provided in this article are purely for your convenience and inspiration. I am not affiliated with any of these companies, nor do I receive any fees or compensation for recommending their products.

As December rolls around, the festive season brings with it a whirlwind of activities. Between buying gifts, decorating the tree, hosting gatherings, and visiting loved ones, it's easy to get caught up in the holiday cheer. However, amidst all the hustle and bustle, one critical aspect that often gets overlooked is home safety and maintenance.

Winter can be harsh, and your home is your sanctuary during this busy month. Taking the time to ensure your home is safe, warm, and cozy not only brings peace of mind but also allows you to fully enjoy the season with loved ones. To help you stay ahead, I’ve put together a practical checklist for December home maintenance.

Getting Your Home Winter-Ready Indoors

1. Replace Furnace Filters
   Keep your heating system running efficiently by replacing the filters regularly. A clean filter means better airflow and a toasty warm home!

2. Test Smoke and Carbon Monoxide Detectors
   These devices are essential for keeping your family safe. Take a moment to test them and replace the batteries if needed.

3. Seal Drafty Windows and Doors
   Check for drafts around windows and doors, and seal any gaps with weatherstripping or caulking. This small step can make a big difference in keeping the cold out and your heating bills lower.

4. Inspect and Insulate Pipes
   Protect your plumbing from freezing temperatures by insulating pipes and checking for leaks. This will help prevent costly damage.

5. Deep Clean Key Areas
   Tackle high-use areas like vents, baseboards, and carpets to freshen up your space and improve indoor air quality.

6. Clear Around Heating Vents
   Make sure radiators or heating vents are unobstructed to allow warm air to flow freely throughout your home.

7. Adjust Ceiling Fans
   Switch your ceiling fans to rotate clockwise to push warm air back down into the room—a simple trick for better heat circulation.

Focusing on Safety and Comfort

1. Stock Up on Winter Supplies
   Keep salt, sand, or de-icer handy for your walkways. Ensuring they are safe and slip-free is essential during icy weather.

2. Check Heating Systems and Fireplaces
   Whether you use a gas or wood fireplace, make sure it’s in top working order before the cold really sets in.

3. Prepare Emergency Supplies
   Be ready for the unexpected by having flashlights, extra batteries, and warm blankets within easy reach.

4. Use Draft Stoppers and Insulated Curtains
   Keep the chill out and the warmth in by using draft stoppers and energy-efficient curtains.

5. Declutter Storage Areas
   Organize holiday storage spaces for easy access to decorations and other seasonal items. A clutter-free space makes life so much easier!

6. Add Cozy Touches to Your Living Space
   Refresh your home with cozy blankets, candles, and winter décor to create a warm and inviting atmosphere.

December is a busy and beautiful month, but taking the time to care for your home will allow you to fully enjoy the season. With these simple maintenance steps, you can relax knowing your home is ready to handle whatever winter brings.

Here’s to a safe, cozy, and memorable holiday season!

As we move toward the end of 2024, Calgary’s housing market is showing some interesting trends that are shaping opportunities for buyers and sellers alike. While the seasonal slowdown is typical for this time of year, demand remains resilient, and several key indicators suggest the market is gradually shifting toward more balanced conditions. Let’s dive into the details.

Steady Sales Amid Seasonal Cooling

In November, Calgary recorded 1,797 sales, closely matching figures from November 2023. What’s remarkable is that these sales are 20% higher than the long-term averages for this month, a clear indication of the market’s strength. Gains in sales for detached, semi-detached, and row homes helped offset a decline in apartment-style condominiums. This dynamic shows that despite cooler weather and seasonal patterns, buyers are still actively pursuing homeownership.

Rising Inventory Levels Bring Opportunities

One of the most notable developments in November was the increase in inventory. The market saw 4,352 units available, a significant rise from 3,000 units last year. While this increase is promising, it’s important to note that inventory still falls below long-term averages for November.

What’s driving these changes? Ann-Marie Lurie, Chief Economist at CREB®, attributes the supply challenges to Calgary’s rapidly growing population. While new home construction has bolstered availability across rental, new build, and resale markets, the improvements are uneven and vary greatly by location, price range, and property type.

Market Balance in Sight?

Another key indicator of market health is the months of supply, which rose to just over two months in November. This marks a shift from the extremely tight conditions we’ve seen over the past few years, where supply levels were consistently below two months. This change hints at a move toward more balanced market conditions. However, many segments—particularly at specific price points—still favor sellers, making it crucial for buyers and sellers to navigate their strategies carefully.

Price Growth Eases as Supply Improves

Improved supply has also had a moderating effect on price growth. While prices are still increasing year-over-year, the pace has slowed. For instance:

• Row homes saw a 7% year-over-year price increase.

• Apartment-style units experienced a 9% year-over-year rise.

• The total residential benchmark price now stands at $587,900, reflecting a more modest year-over-year increase of just under 4%.

This slower price growth reflects the market’s shift toward affordability, with row homes and apartment-style units becoming increasingly popular. Additionally, while unadjusted prices have dipped slightly due to seasonal trends, seasonally adjusted prices have remained stable over the past four months, reinforcing a sense of steadiness in the market.

What Does This Mean for Buyers and Sellers?

For buyers, the rise in inventory and more stable prices present an opportunity to explore a wider range of options without the intense competition seen earlier this year. For sellers, certain market segments—particularly higher-demand price ranges—still provide favorable conditions to achieve top dollar.

As the market evolves, it’s essential to stay informed and work with a trusted real estate professional to navigate the nuances. Whether you’re considering buying, selling, or simply keeping an eye on the market, understanding these trends is key to making confident decisions.

Looking Ahead

As Calgary’s real estate market continues to evolve, these trends remind us of the importance of staying informed. While rising inventory offers new opportunities, the market remains competitive, especially for certain property types and price ranges.

Whether you’re buying, selling, or simply watching the market, staying ahead of these changes can make all the difference. If you’re ready to discuss how this market impacts your real estate goals, I’m here to help.

Let’s refine your real estate experience together—contact me today to get started!

DIANA SECRIERU

Real Estate Advisor | Calgary & Surrounding Areas

REFINEDESTATE.CA | Coldwell Banker Mountain Central | Global Luxury Certified

Selling your home during the fall and winter months can feel a bit daunting, but it also provides unique opportunities to showcase your property in ways that truly resonate with buyers. As the days grow shorter and the weather turns colder, these expert tips will help your home shine and attract serious, motivated buyers.

1. Create a Warm, Welcoming Atmosphere

When buyers step into your home on a chilly day, they’re looking for coziness and comfort. Set the stage with warm lighting—consider adding table lamps or string lights for a soft glow. Incorporate plush textures with cozy throws, accent pillows, and area rugs. A subtle seasonal scent like cinnamon, vanilla, or baked goods can also leave a lasting impression. These small touches help buyers imagine themselves living in your home, especially during holiday gatherings.

2. Maximize Your Curb Appeal

With gardens dormant and leaves falling, autumn and winter require a little extra attention to the exterior of your home. Keep pathways clear of leaves, snow, or ice for safety and aesthetics. Add a simple seasonal touch, such as a decorative wreath, planters with evergreen branches, or a cheerful welcome mat. Outdoor lighting is especially important this time of year—ensure your driveway, walkways, and porch are well-lit for evening showings.

3. Focus on Energy Efficiency

Cold weather shifts buyers’ focus to heating costs and overall energy efficiency. Take steps to ensure your home is winter-ready:

• Check that doors and windows are properly sealed to avoid drafts.

• Highlight energy-efficient upgrades such as a smart thermostat, insulated windows, or a recently serviced furnace.

• Provide utility bills to demonstrate how efficient and affordable your home is to heat.

For older homes, pointing out improvements or offering suggestions for future upgrades can also reassure buyers.

4. Enhance Indoor Lighting

The reduced natural light during the colder months can make interiors feel darker. Combat this by enhancing your home’s lighting. Swap out dim or cool-toned bulbs for warm, brighter options. Clean light fixtures and open curtains or blinds during the day to make the most of available daylight. A well-lit home feels more inviting and spacious, which is key for buyers.

5. Stage Your Home Thoughtfully

Professional staging can make a significant difference, especially in fall and winter when competition tends to rise. Opt for a lighter staging approach if your budget is limited:

• Rearrange furniture to maximize flow and space.

• Declutter and store any seasonal items that might overwhelm.

• Add subtle seasonal accents, like decorative pillows or a tasteful table centerpiece, to reflect the time of year without feeling overdone.

Don’t forget professional photography! Well-lit, high-quality photos taken on a clear day can help your listing stand out in online searches.

6. Leverage the Season’s Buyer Pool

Fall and winter often attract motivated buyers—those who are serious about making a move. Highlight this opportunity by ensuring your home is market-ready and easy to show. Keep your schedule flexible for last-minute viewings and consider offering virtual tours for buyers who might not want to venture out in bad weather.

7. Be Transparent About Seasonal Features

Buyers often have practical concerns during the colder months. Address these proactively:

• If your roof, gutters, or driveway have been recently serviced, let buyers know.

• Highlight your home’s ability to withstand the elements, such as good drainage, a solid foundation, or a reliable HVAC system.

These details can add peace of mind for buyers concerned about winter maintenance.

8. Price Strategically

Pricing your home correctly in a slower season is critical. Listing at the right price not only attracts interest but also ensures you don’t miss out on motivated buyers. With fewer homes on the market during fall and winter, this is your chance to stand out—work with a knowledgeable agent to analyze the local market and set a price that’s both competitive and fair.

9. Showcase Year-Round Benefits

Fall and winter showings provide an opportunity to showcase your home’s features in a different light:

• Highlight cozy fireplaces or heated floors.

• Emphasize storage space for winter gear.

• Draw attention to any year-round views, like snow-covered mountains or a private backyard retreat.

Help buyers see how your home can be their haven, no matter the season.

10. Consider Seasonal Incentives

Offering incentives tailored to the season can sway undecided buyers. These could include covering closing costs, providing a home warranty, or leaving behind outdoor maintenance equipment like a snowblower. Little perks like these can set your home apart and leave buyers with a positive impression.

With these tips in your toolkit, you can transform the cooler months into the hottest time to sell your home. It’s all about embracing the season and showcasing your property in its best light—literally and figuratively!

From cozy vibes to smart pricing, a little preparation goes a long way in making your home stand out. Thinking of taking the plunge? Let’s work together to refine your real estate experience and make your home the one buyers can’t stop thinking about this fall and winter.

Diana Secrieru

Real Estate Advisor | Calgary and Surrounding Areas

REFINEDESTATE.CA | Coldwell Banker Mountain Central

With September's rise in new listings and evolving market conditions, both buyers and sellers are navigating a landscape that's shifting towards a more balanced market. While inventory has grown, especially for higher-priced properties, demand remains strong across all price ranges. But how do these changes affect your real estate journey?

𝐅𝐨𝐫 𝐒𝐞𝐥𝐥𝐞𝐫𝐬: 𝐇𝐨𝐰 𝐭𝐨 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐘𝐨𝐮𝐫 𝐇𝐨𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The market is shifting towards more balanced conditions, making strategic pricing more important than ever. While demand remains strong, particularly for lower to mid-priced homes, it's essential to price your property competitively to attract serious buyers quickly. For homes valued over $700,000, now is a great time to list, as rising demand in the high-end segment offers the potential for competitive offers. With increased inventory, presentation plays a vital role in standing out—homes that are well-staged, feature high-quality photos, and are marketed effectively will generate more interest and sell faster. Ensuring your property shines by highlighting its best features and investing in its presentation can make all the difference in today's market.

𝐅𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬: 𝐌𝐚𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐨𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐢𝐟𝐭𝐬

If you're considering buying, the changing market conditions could work in your favor. With inventory growth providing more options, particularly in higher price ranges, buyers have a wider selection to choose from. However, well-priced and desirable homes are still selling quickly, so being prepared to make swift decisions is crucial. Lower lending rates and the increase in listings make this an ideal time to find your dream home, but staying informed and ready to act is key. The more balanced market also opens up room for negotiation, especially for homes priced above $700,000. While prices remain stable, moving quickly can help you secure a property before any potential future price increases as supply and demand continue to adjust.

𝐌𝐀𝐑𝐊𝐄𝐓 𝐔𝐏𝐃𝐀𝐓𝐄 𝐢𝐧 𝐂𝐀𝐋𝐆𝐀𝐑𝐘, 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒

With an overview of what to expect as a buyer or seller, it’s important to highlight the recent market data from the Calgary Real Estate Board (CREB) for September 2024. This comprehensive snapshot provides insights into how each property type—detached, semi-detached, row houses, and apartment condominiums—performed last month and what these trends mean for you.

In September 2024, new listings in the City of Calgary rose to 3,687 units, the highest level since 2008. Despite strong sales, particularly in higher price ranges, overall sales were down 17% compared to last year's record high. However, they still remained 16% higher than the typical September sales levels. The inventory grew to 5,064 units, which is nearly double the levels from the spring but remains below the long-term average of 6,000 units. With 2.5 months of supply, the market is leaning towards more balanced conditions but still favors sellers. The unadjusted benchmark price for September was $596,900, which is over 5% higher than last year, despite slight monthly price adjustments.

𝐃𝐞𝐭𝐚𝐜𝐡𝐞𝐝 𝐇𝐨𝐦𝐞𝐬

𝐒𝐚𝐥𝐞𝐬: 942 units, a 17% decline from last year.

𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: Unadjusted benchmark price was $757,100, almost 9% higher than last year but slightly lower than last month.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Balanced conditions are emerging, especially for homes priced over $700,000. Lower-priced homes remain in tighter demand.

𝐒𝐞𝐦𝐢-𝐃𝐞𝐭𝐚𝐜𝐡𝐞𝐝 𝐇𝐨𝐦𝐞𝐬

𝐒𝐚𝐥𝐞𝐬 & 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲: 182 sales and 299 new listings, pushing the sales-to-new listings ratio to 61%.

𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: The benchmark price was $678,400, over 9% higher than last year, though slightly lower than the previous month.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Inventory is below the long-term trend, with just over 400 units available. There is around two months of supply, maintaining seller-favored conditions.

𝐑𝐨𝐰 𝐇𝐨𝐮𝐬𝐞𝐬

𝐒𝐚𝐥𝐞𝐬 & 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲: 377 sales with over 600 new listings, primarily priced above $400,000.

𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: The benchmark price was $459,200, a 10% increase year-over-year.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Inventories rose to 747 units, resulting in nearly two months of supply. This has helped slow down the price growth but still favors sellers.

𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐂𝐨𝐧𝐝𝐨𝐦𝐢𝐧𝐢𝐮𝐦𝐬

𝐒𝐚𝐥𝐞𝐬 & 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲: 502 sales, 993 new listings, with inventory rising to 1,623 units.

𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: The benchmark price was $345,000, a 14% increase from last year.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬: Months of supply rose to 3.2 months, the highest since late 2021, influenced by increased supply in the new home market.

These trends suggest that while inventory is improving, most market segments still favor sellers, particularly for properties priced in the lower to mid-ranges. Price growth is steady across all property types, with apartments experiencing the most significant year-over-year gains.

The Calgary real estate market is experiencing shifts toward more balanced conditions, providing unique opportunities for both buyers and sellers. Whether you're selling a home and looking to maximize your return or buying in a market with increased options, understanding the latest trends is crucial to making informed decisions. With rising inventory, stable prices, and varying demand across price ranges, now is the time to act with a clear strategy. Staying ahead of market changes and working with an experienced real estate professional can help you navigate this evolving landscape confidently.

Let’s connect to refine your real estate experience and ensure you’re prepared for success in today’s market!

DIANA SECRIERU | Licensed Realtor®️

REFINEDESTATE.CA | 403-667-4667 | diana@refinedestate.ca

Coldwell Banker Mountain Central | Global Luxury Certified

As we move through 2024, the Calgary housing market continues to show intriguing developments. The Calgary Real Estate Board (CREB®) has recently released its Q2 2024 report, offering valuable insights into our local real estate landscape. CREB Report

Here’s a snapshot of what’s happening and what it means for buyers and sellers:

1. Seller’s Market Dynamics

For the fourth consecutive quarter, we’ve seen an increase in new listings, particularly in the upper price ranges. However, the market remains a strong seller’s market with a sales-to-new-listings ratio of 75% and only one month of inventory available. Despite the rise in new listings, demand continues to outstrip supply, keeping the market firmly in favor of sellers.

2. Price Trends and Forecast

Home prices have surged by 10% this year. Notably, row properties have experienced a substantial 19% increase, while detached and semi-detached homes have seen a 13% rise. Looking ahead, we anticipate a deceleration in price growth as new supply comes online. The increased availability of higher-priced properties is expected to moderate their price growth, whereas affordable properties might continue to face upward pressure due to tight supply.

3. Sales Trends

Sales activity has slowed by 3% compared to the same period last year, with the most significant decline in lower-priced segments where supply is particularly limited. Despite this slowdown, overall sales remain 29% above long-term trends and are up nearly 6% from last year. This indicates a resilient market with strong underlying demand.

4. Market Adjustments

The surge in migration over the past two years has certainly contributed to heightened demand and supply challenges. However, as migration levels stabilize and supply increases from both resale and new homes, we expect to see more balanced market conditions. This shift could alleviate some of the current pressures on home prices.

Understanding these trends can help you make informed decisions whether you are looking to buy or sell.

For buyers, the current market presents several noteworthy developments. With an increase in new listings, especially in higher price ranges, there are more options available than in previous quarters. This surge in listings could provide you with better opportunities to find your ideal home. Additionally, you may experience a slower rate of price growth in the coming months, particularly for higher-priced properties. This could be an advantageous moment to make a move before prices rise further. However, the market remains tight for affordable properties, which continue to see price increases. Buyers interested in this segment should be prepared for heightened competition.

For sellers, the market conditions are currently favorable. The sales-to-new-listings ratio stands at 75% with a months-of-supply of just one month, indicating strong demand for properties. Sellers, particularly those with properties in higher price ranges, are seeing increased listings due to persistently high lending rates and rising prices. This trend provides a prime opportunity to maximize returns. However, as migration levels slow and supply improves, the market is expected to balance out. Sellers might want to consider listing sooner to capitalize on the current high demand before conditions stabilize.

In summary, while the market saw a slight slowdown in sales by 3% year-over-year, the overall environment remains strong, with significant price gains and robust demand. Whether you’re buying or selling, staying informed about these trends can help you navigate the dynamic real estate landscape effectively.

How will these insights impact your real estate decisions? Whether you’re in the market to buy or sell, understanding these trends can shape your strategy. For personalized advice and guidance, feel free to reach out!

Diana Secrieru

Real Estate Advisor

Calgary & Surrounding Areas

REFINEDESTATE.CA || 𝘾𝙤𝙡𝙙𝙬𝙚𝙡𝙡 𝘽𝙖𝙣𝙠𝙚𝙧 𝙈𝙤𝙪𝙣𝙩𝙖𝙞𝙣 𝘾𝙚𝙣𝙩𝙧𝙖𝙡 || 📞403-667-4667 || diana@refinedestate.ca