Interest Rate Drop: A Golden Opportunity for Homebuyers & Sellers in Calgary.

Great news for the real estate market! The Bank of Canada has officially reduced its policy rate by 25 basis points to 3%, making homeownership more affordable and creating a surge of opportunities for both buyers and sellers.

This marks a major shift after months of high interest rates, bringing renewed confidence to the market. Whether you’re looking to buy your dream home or sell at the best price, this could be the moment you’ve been waiting for.

What This Rate Drop Means for You

Lower Mortgage Rates = Lower Monthly Payments

• With a reduced interest rate, home loans are cheaper than before, making it easier to afford the home you love.

• Even a small drop in interest rates can save you thousands of dollars over the life of your mortgage.

Bigger Buying Power

• You can now qualify for a larger mortgage, allowing you to explore bigger homes or better neighborhoods.

• More choices mean less compromise—find a home that truly fits your needs!

More Demand = More Market Activity

• Lower interest rates attract more buyers, creating a lively, competitive real estate market.

• Sellers benefit from quicker sales and higher offers as demand increases.

Why NOW is the Best Time to Buy or Sell.

For Buyers: The Smartest Move You Can Make

Lock in a Lower Rate Before It’s Gone!

• Rates can fluctuate, and banks may adjust mortgage terms at any time. Act now to secure the best possible rate!

Afford More Home for Your Money

• With lower borrowing costs, you can upgrade to a bigger home, better location, or higher-end finishes.

Beat Future Price Hikes

• As more buyers enter the market, home prices are expected to rise.

• Buying now ensures you get in before competition drives prices higher.

Stronger Market Conditions

• Calgary’s real estate market is predicted to grow in 2025, making this a prime time to invest in property.

For Sellers: A Market Built for Success

More Buyers = Faster & More Competitive Offers

• Lower interest rates mean more buyers qualify for mortgages, increasing demand for homes like yours.

Maximize Your Selling Price

• More competition among buyers can lead to multiple offers—potentially selling your home above asking price.

Sell Quickly & Smoothly

• Well-priced homes are moving within days—don’t miss out on this active market.

Don’t Wait—This Window Won’t Stay Open Forever.

• The next Bank of Canada rate decision is in March, meaning things could change. Acting now eliminates uncertainty and ensures you get the best deal.

• More buyers are entering the market every day—be ahead of the crowd.

Let’s Make It Happen—Together.

I’m not just a realtor—I’m your trusted guide in this fast-moving market. Whether you're looking to buy, sell, or invest, I’m here to help you make the smartest move.

Call or text me - let’s talk about how you can take advantage of this opportunity today.

Calgary Housing Market Remains Resilient: 2025 CREB Forecast

The Calgary Real Estate Board (CREB) has unveiled its 2025 housing market forecast, and the outlook is nothing short of exciting! Despite global uncertainties and a slight slowdown in migration, Calgary’s housing market is poised to remain a strong and vibrant hub for real estate activity. Let’s dive into the highlights and explore what makes 2025 a promising year for buyers, sellers, and investors alike.

1. A Strong Market with Balanced Conditions

• Over 26,000 sales forecasted: Calgary is set to experience another year of robust housing activity, reflecting ongoing confidence in the market.

• Balanced market dynamics: For the first time in years, Calgary’s housing market is transitioning into a more balanced state, offering stability for buyers and sellers alike.

• Moderate price growth: Prices are expected to rise by a manageable 3% annually, ensuring sustainable growth without pricing out potential buyers.

2. A Surge in New Construction and Expanding Rental Options

• Record-breaking new home builds: In 2024, Calgary saw an unprecedented surge in new home construction, with rentals making up over 20% of new builds—double the usual rate.

• 9,000 rental units added: Purpose-built rentals have reshaped Calgary’s housing landscape, providing much-needed options for renters.

• 7,000 units under construction: The construction boom continues, ensuring a steady flow of housing supply into 2025.

• Rental vacancy rate at 4.8%: While vacancies have slightly increased, it’s a positive sign for renters seeking choice and affordability in newer buildings.

3. Population Growth Driving Demand

• Projected population growth of 3.1%: While lower than the 5.6% seen in 2024, Calgary’s growth remains exceptional, driven by strong interprovincial migration.

• Migration trends stabilizing: Federal immigration adjustments are moderating international migration, but Alberta continues to attract newcomers thanks to its strong economy and opportunities.

• Diverse demographic appeal: Calgary’s thriving job market, vibrant culture, and family-friendly communities make it a top choice for people of all ages.

4. Economic Considerations and Opportunities

• Tariff uncertainty: CREB highlights potential risks from global tariffs, which could affect employment and consumer confidence. However, Calgary’s resilience and adaptability remain key.

• Energy sector stability: If the energy sector receives tariff exemptions, it could bolster Alberta’s economy, driving job growth and housing activity.

• Balanced supply and demand: While more housing supply is entering the market, it aligns with Calgary’s steady demand, ensuring a stable outlook.

5. Opportunities for Buyers and Sellers in 2025

For Buyers:

• More choices than ever: With increasing inventory, you have access to a wide range of homes to suit every lifestyle and budget.

• Balanced conditions: Less competition means more room for negotiation and careful decision-making.

• Affordability and accessibility: Moderate price growth ensures Calgary’s market remains accessible for first-time buyers.

For Sellers:

• High demand persists: Calgary’s growing population and strong economy continue to fuel demand for quality homes.

• Strategic marketing is key: Staging your home and leveraging professional marketing strategies can make all the difference in a competitive market.

• Steady price appreciation: Selling in 2025 allows you to capitalize on sustained price growth without the volatility of previous years.

6. What CREB’s Chief Economist Says

Ann-Marie Lurie, CREB’s chief economist, shares her insights:

• “While the market is expected to be more balanced than in recent years, significant economic risks — such as potential tariffs — could impact activity. However, Calgary’s fundamentals remain strong.”

• Lurie also noted the importance of ongoing housing supply growth, which will keep Calgary’s market accessible and dynamic.

Why 2025 is the Year to Act

• Buyers: Don’t miss the chance to explore Calgary’s diverse housing options with less competition and more negotiating power.

• Sellers: Take advantage of a stable market and strong demand to achieve your real estate goals.

• Investors: With rental growth and balanced conditions, Calgary offers promising opportunities for long-term returns.
  

Let’s Achieve Your Real Estate Goals Together

Calgary’s 2025 real estate market is full of potential, and I’m here to help you make the most of it. Whether you’re buying, selling, or investing, my expertise and local knowledge will guide you every step of the way.

Feel free to reach out with any questions or to start planning your next real estate move. Let’s make 2025 your best year yet in Calgary’s housing market.

Calgary’s Real Estate Market in 2025: What Buyers and Sellers Need to Know About Property Value Increases

Calgary’s real estate market has been on the rise, and 2025 is shaping up to be an exciting year for both buyers and sellers. According to the latest property assessment data from the City of Calgary, the value of residential properties has seen significant increases over the past year. If you’re thinking about buying or selling a home in Calgary, understanding these changes is key to making the best decisions in this growing market.

Single-Family Homes Are Worth 14% More

Single-family homes (detached houses) in Calgary have increased in value by 14% compared to 2024. The median price of a single-family home has risen to $697,000, up from $610,000 in 2024.

Why Is This Happening?

• High Demand: Calgary continues to see strong demand for single-family homes. As the city grows, many people are looking for more space and prefer detached homes.

• Low Inventory: There aren’t enough homes on the market to meet the demand, so prices naturally go up.

• Strong Economy: Calgary’s stable economy and population growth further drive the demand for homes.

What This Means for Sellers

If you own a single-family home, this price increase is great news. The current market conditions make it a prime time to sell your home at a higher price. However, remember that the market can be competitive, so pricing your home right and presenting it well will give you the best chance of a quick sale.

What This Means for Buyers

For buyers, this increase in property values means you may need to adjust your budget or expectations. Homes are more expensive than last year, but there are still great opportunities to find your dream home. Working with a real estate agent can help you navigate the market and find a property that fits your needs and budget.

Condo Prices Have Jumped by 22%

Condominiums in Calgary have seen an even bigger increase in value—up by 22% compared to 2024. The median price for a condo in Calgary is now $359,000, up from $295,000 last year. This increase reflects a growing demand for condo living, especially in Calgary’s downtown and surrounding areas.

Why Are Condos Becoming More Popular?

• Affordability: Condos are often more affordable than single-family homes, making them a great option for first-time buyers or those looking to downsize.

• Low Maintenance: Many buyers prefer condos because they require less maintenance than houses, which is ideal for busy professionals or retirees.

• Location: Condos are often located closer to amenities like public transit, shopping centers, and entertainment, making them attractive to buyers looking for convenience.

What This Means for Sellers

If you own a condo, now is a great time to sell. Prices have risen significantly, and with more people interested in buying condos, you may be able to sell for a great price. However, competition may be high in areas with many available condos, so it’s important to make sure your condo stands out with excellent presentation.

What This Means for Buyers

For buyers, condos remain a more affordable option compared to single-family homes, but they are also increasing in price rapidly. This means you’ll need to be proactive and move quickly if you see a condo that fits your needs and budget. Having a good realtor on your side can help you stay ahead of the competition and make an informed decision.

So, What Does This All Mean for You?

Whether you’re thinking about buying or selling a property in Calgary, here’s a quick summary of what’s happening in the market:

• For Sellers: If you own a home or condo, now may be a great time to sell. Property values are up, so you could sell your home for a higher price than last year.

• For Buyers: Prices are higher than in 2024, but the market still offers opportunities. Be ready to act quickly, and consider all options, including condos, which have also seen strong price increases.

How to Navigate the Calgary Market in 2025

The key to success in the current market is having the right guidance. Whether you’re buying or selling, working with a knowledgeable realtor who understands Calgary’s market trends can make all the difference.

I’m here to help you understand the market, find the best properties, and negotiate the best deals. If you’re ready to explore your options, feel free to reach out—I’m here to guide you through every step of the process, whether you’re buying your first home or selling your current property.

Calgary, Chestermere, and Surrounding Areas Real Estate Market Overview: Key Insights for 2024

As 2024 draws to a close, Calgary and its surrounding communities, including Chestermere, have experienced another strong year of real estate growth. This blog provides a detailed, easy-to-follow breakdown of the key trends, pricing, and market conditions that defined the year. Whether you’re a buyer or seller, here’s what you need to know about the Calgary real estate market in 2024.

1. Calgary Real Estate Market Highlights for 2024

• Sales Performance:

  • A total of 1,322 sales were recorded in December, marking a slight 3% decline compared to 2023.

  • However, this figure was nearly 20% higher than long-term trends, indicating sustained market activity.

  • Sales in 2024 were nearly equal to those of last year, with higher-priced homes seeing gains that offset lower-priced homes' pullbacks due to limited supply.

• Inventory Levels:

  • December ended with 2,989 units available, showing a significant improvement from the previous year.

  • While still below long-term trends, inventory levels were much higher than last year, thanks to increased new listings and rental choices.

• Price Trends:

  • Home prices stabilized in the second half of the year after sharp increases in spring 2024.

  • Overall, benchmark prices increased by 7% in 2024, with some property types seeing higher growth.

2. Detached Homes in Calgary

• Sales Growth:

  • Detached home sales were particularly strong for properties priced over $600,000, due to easing lending rates.

  • Inventory improved within city limits, although conditions varied across districts.

• Price Growth:

  • Detached home prices increased by 11% on average in 2024, with the North East and East districts seeing the highest price growth (above 10%).

  • Much of the price increase occurred during spring when supply was exceptionally low.

3. Semi-Detached Homes

• Market Shifts:

  • With limited supply in detached homes, many buyers turned to semi-detached properties.

  • Sales increased by 5% in 2024, and new listings helped balance the market by the fourth quarter.

• Price Trends:

  • The annual benchmark price for semi-detached homes rose by 11%, averaging $669,042.

  • Price growth was most significant in the North East and East districts, where increases exceeded 15%.

4. TownHomes

• Sales Insights:

  • Row home sales reached 4,647 units, a 2% increase compared to last year.

  • Sales were supported by an 18% rise in new listings, which provided more options for buyers.

• Price Increase:

  • The benchmark price for row homes rose by 14% across Calgary.

  • Significant price growth was seen in the North East and East districts, where prices grew by over 20%.

5. Apartment Condominiums

• Sales Activity:

  • Apartment sales slowed by 4% compared to last year, but with 7,568 transactions, it still marked the second-highest year on record.

  • More new listings helped shift the market toward more balanced conditions in the second half of the year.

• Price Growth:

  • Despite some late-year price adjustments, the annual benchmark price for apartments rose by 15%.

  • The North East, East, and South districts saw price growth of over 20%.

6. Regional Insights: Airdrie, Cochrane, Okotoks, and Chestermere

• Airdrie:

  • Sales in Airdrie reached 1,951 units in 2024, a 4% increase from 2023.

  • Improved inventory levels in the second half of the year helped balance the market, easing price pressure.

  • The average benchmark price rose by 8%, with the most significant growth in higher-density homes.

• Cochrane:

  • Cochrane favored sellers for most of the year, but by the last quarter, new listings improved inventory levels.

  • The benchmark price for homes in Cochrane rose by 9%, averaging $565,808.

• Okotoks:

  • Okotoks saw new listings rise by 16%, contributing to nearly 8% growth in sales.

  • Tight market conditions pushed benchmark prices up by 8%, with the most significant price increases for semi-detached and row-style homes.

• Chestermere:

  • Chestermere, located just east of Calgary, experienced steady demand throughout 2024.

  • The market saw an increase in new listings, helping balance supply and demand, and pushing prices in line with Calgary’s broader market trends.

  • Although Chestermere offers a quieter lifestyle than Calgary, it remains a popular choice for buyers looking for access to the city and a suburban environment.

7. Looking Ahead: 2025 Outlook

• Supply and Demand:

  • Supply will continue to be a critical factor in 2025. The market’s direction will depend on the types of properties being listed and how demand holds up amid potential economic changes.

• Market Forecast:

  • CREB® will release its 2025 forecast report on January 21, offering insights into the potential risks and expectations for the market in the coming year.

Final Thoughts:

The Calgary real estate market in 2024 was defined by strong sales and price growth, driven by increasing inventory, population growth, and shifting demand across various property types. Whether you’re looking at detached homes, semi-detached properties, row homes, or condos, there were opportunities across all sectors. Chestermere also saw consistent demand, making it an attractive alternative for those seeking a quieter lifestyle with easy access to Calgary. As we head into 2025, the market will continue to evolve, making it important for both buyers and sellers to stay informed and prepared for the changing conditions.

Feel Free to Reach Out

If you have any questions or need guidance, don’t hesitate to get in touch. I’m here to help you navigate the Calgary real estate market and make informed decisions with confidence.