Calgary Real Estate by Calgary Listings GroupRecently posted or modified blog postshttps://www.calgarylistings.com/blog/Copyright CalgaryListings.com2023-12-06T17:23:49-07:00tag:calgarylistings.com,2012-09-20:21179Calgary Real Estate Market for November 2023
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Stats_for_November_2023.png" width="1083" height="361" alt="Calgary real estate market for November 2023, Calgary real estate statistics and info " title="Calgary real estate Statistics for November 2023" />
Calgary Real Estate Market Update: Surge in Listings, Robust Sales, and Price Surge
The Calgary real estate market experienced a substantial boost in new listings during November, totaling 2,227 units, marking a remarkable 40% increase compared to the unusually low figures recorded at the same time last year. The uptick in new listings spanned various price brackets, with the most noteworthy surge observed in homes priced above $600,000. Despite the considerable year-over-year surge in new listings, inventory levels remained relatively scarce, thanks to the sustained strength in sales. November witnessed 1,787 successful sales, maintaining a robust sales to new listings ratio of 80%. Additionally, the months of supply stayed below two months. Addressing the market dynamics, CREB® Chief Economist Ann-Marie Lurie commented, "Similar to other major cities, Calgary has seen a rise in new listings. However, the increase has not been sufficient to alleviate the low inventory scenario due to persistent strong demand. The market continues to favor sellers, propelling further upward pressure on prices." As of November, the benchmark price stood at $572,700, registering an increase from the previous month and a substantial 11% surge compared to November 2022. The year-to-date analysis reveals a noteworthy over five percent climb in the average benchmark price, emphasizing the sustained growth in the Calgary real estate market.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Market_Prices_by_Market_Sector.jpg" width="491" height="315" alt="Calgary real estate market statistics by housing sector " title="Price increases in the Calgary real estate market" style="display: block; margin-left: auto; margin-right: auto;" />
<a href="https://www.calgarylistings.com/calgary-homes-for-sale/" title="Calgary Homes for sale ">Detached Calgary Homes</a>
Calgary Houses for Sale: Limited Supply Challenges Below $700,000 Impact Detached Home Sales
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Houses_for_Sale.jpg" width="145" height="125" alt="Detached Calgary Houses for Sale " title="Calgary Homes for Sale " class="img_box_left" />The primary factor contributing to the decline in detached home sales in the Calgary houses for sale market is the limited supply choice for homes priced below $700,000. While November reported a marginal gain over last year, year-to-date sales have witnessed a 20% decline. Despite a rise in new listings compared to the previous year in November, the majority of gains were driven by higher-priced homes. Consequently, the detached market faces exceptionally tight conditions for prices below $700,000 and more balanced conditions for higher-priced homes. Overall, the month of supply remains exceptionally low at under two months.
Persistently tight conditions persist, leading to further price gains in the detached market. As of November, the unadjusted benchmark price reached $699,500, indicating a slight increase over the previous month and a substantial 13% surge compared to the same period last November. While detached home prices have significantly risen across all districts compared to last year, the year-to-date gains are most pronounced in the North East and East, which are the most affordable districts.
Persistent tight market conditions persistently fuel upward movements in prices within the detached housing market. By the end of October, the unadjusted benchmark price had reached $697,600, reflecting a modest uptick from the previous month and an impressive year-over-year increase of 12 percent. Price trends exhibited an upward trajectory over the last month across all districts, with the exception of the South East. It's important to highlight that year-to-date benchmark prices experienced the most significant increases in the North East and East districts.
Semi Detached Calgary Homes
Calgary Semi Detached Homes for Sale: November Witnesses Surge in New Listings
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Semi_Detached_Homes_for_Sale.jpg" width="146" height="121" alt="Calgary Semi Detached Home for Sale - Duplex for sale" title="Calgary Semi Deatched Homes for Sale" class="img_box_left" />In the realm of Calgary semi-detached homes for sale, November marked a notable increase in new listings compared to the previous year, successfully preventing a year-over-year decline in inventory levels. Nevertheless, inventory levels still lag over 40% below the typical benchmarks observed in November. The sales-to-new-listings ratio stands at 77%, coupled with a month-of-supply below two months, maintaining exceptionally tight conditions, particularly for homes priced below $700,000.
Despite these tight conditions, benchmark prices demonstrated stability when compared to the previous month. However, the unadjusted benchmark price, resting at $628,700, reflects a significant over 12% increase compared to the same period last year. The year-to-date average benchmark price has surged by almost seven percent, with the most substantial gains concentrated in the North East and East districts of Calgary.
<a href="https://www.calgarylistings.com/calgary-townhomes-for-sale/" title="Calgary townhomes for sale " style="font-size: 24px;">Calgary Townhomes / Row Homes</a>
Calgary Townhomes for Sale: Notable Increase in New Listings
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Townhouses_for_Sale.jpg" width="142" height="122" alt="Calgary Townhouses for Sale , Row Homes or Townhouse Condos" title="Calgary Townhomes for Sale" class="img_box_left" />In the realm of Calgary townhomes for sale, this month witnessed another significant rise in new listings compared to the same period last year. The infusion of 370 new listings encountered a response of 267 sales, marking the first instance since 2021 where the sales-to-new-listings ratio dropped below 75 percent. The upswing in new listings played a pivotal role in supporting an increase in inventory levels when compared to both last month and the previous year. Although inventories still hover at nearly half the traditional levels, this shift did contribute to the months of supply reaching 1.6 months—a substantial improvement from the less than one month of supply that persisted over the past seven months. However, in the lower price ranges, there remains less than one month of supply for homes priced below $500,000, indicating continued scarcity.
Despite the transition from exceptionally tight conditions, prices continued to ascend over the last month and year. As of November, the unadjusted benchmark price reached $429,100, marking a substantial 21% increase compared to the same period last November and an average year-to-date gain of nearly 13%.
<a href="https://www.calgarylistings.com/calgary-condos-for-sale/" title="Calgary Condos for sale ">Calgary Apartment Condos</a>
Calgary Apartment Condos for Sale: Record-Breaking Sales Sustained by Affordability
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Apartment_Condos_for_Sale.jpg" width="147" height="122" alt="Calgary Condos for sale, Apartment Condos for sale in the Calgary real estate market" title="Calgary apartment condo" class="img_box_left" />The Calgary apartment condos for sale market continued to experience remarkable success in November, with sales reaching unprecedented heights. The relative affordability of apartment-style homes played a crucial role, contributing to a year-to-date sales figure of 7,487. With one month remaining in the year, sales have already exceeded last year's record high. This achievement was made possible, in part, by the expansion of new listings. While inventory levels align with those reported last year, maintaining less than two months of supply, the prevailing conditions continue to favor sellers, exerting additional upward pressure on prices.
In November, the unadjusted benchmark price for Calgary apartment condos reached $320,100, reflecting a monthly gain of over one percent and a notable year-over-year increase of 18 percent. Year-to-date, price gains have been consistent across every district in the city, with some of the most significant increases observed in the lower-priced North East and East districts.
Regional Market Real Estate Statistics
<a href="https://www.calgarylistings.com/airdrie/" title="Airdrie Real Estate">Airdrie Real Estate Market</a>
<img src="https://assets.site-static.com/userfiles/419/image/2023/Airdrie_Real_Estate_Market.jpg" width="424" height="129" alt="Airdrie Real EState Market " title="Airdrie" />
Airdrie Real Estate Update: November Sales Struggle to Offset Earlier Declines
<img src="https://assets.site-static.com/userfiles/419/image/2023/Airdrie_Real_Estate_Nov_Pice_Stats.jpg" width="284" height="260" alt="Airdrie Real EState Market Stats November 2023" title="Airdrie Real EState Market Stats November 2023" class="img_box_right" />
Despite gains in November sales, they proved insufficient to counteract previous pullbacks, resulting in year-to-date sales plummeting by over 26% compared to last year's record levels. The brunt of this decline has been borne by the detached market, grappling with supply issues, particularly in the lower price ranges. Although new listings in November showed improvement over last year's figures, the surge in sales elevated the sales-to-new listings ratio to 96%, thwarting any substantial shift from the prevailing low inventory levels.
Persisting with less than two months of supply, the Airdrie real estate market maintains upward pressure on home prices. November witnessed the unadjusted benchmark price surpassing the previous month, reaching $524,500—a notable year-over-year gain of 11%. Year-to-date price increases have been most pronounced in the apartment sector, recording a robust 17% surge, while detached and semi-detached prices have risen by nearly six percent
<a href="https://www.calgarylistings.com/cochrane/" title="Cochrane Real Estate">Cochrane Real Estate Market</a>
<img src="https://assets.site-static.com/userfiles/419/image/2023/Cochrane_Real_EState_Market.jpg" width="425" height="140" alt="Cochrane real estate market information" title="Cochrane real estate marekt " />
Cochrane Real Estate Market Update: November Struggles to Offset Previous Declines <img src="https://assets.site-static.com/userfiles/419/image/2023/Cochrane_November_2023_real_estate_procogn_stats.jpg" width="285" height="263" alt="Cochrane real estate market info " title="Cochrane real estate info " class="img_box_right" />
Despite advancements in November sales, they failed to fully counteract earlier pullbacks, resulting in year-to-date sales decreasing by over 26% compared to the record levels seen last year. The detached market, primarily in lower price ranges, has been a significant contributor to this decline due to ongoing supply challenges. Although there was an improvement in new listings in November compared to the previous year, the surge in sales elevated the sales-to-new listings ratio to 96%, preventing any substantial shift from the persisting low inventory levels.
With less than two months of supply, the Cochrane real estate market continues to exert upward pressure on home prices. In November, the unadjusted benchmark price surpassed the previous month, reaching $524,500—an 11% year-over-year gain. The highest year-to-date price increases were observed in the apartment sector, showing a robust 17% surge, while detached and semi-detached prices recorded an increase of nearly six percent.
<a href="https://www.calgarylistings.com/homes-for-sale-in-okotoks/" title="Okotoks Real EState">Okotoks Real Estate Market</a>
<img src="https://assets.site-static.com/userfiles/419/image/2023/Okotoks_Real_Estate_Market.jpg" width="425" height="127" alt="Okotoks real estate market information" title="Okotoks real estate market" />
<br class="Apple-interchange-newline" />Okotoks Real Estate Market Update: November Sees Surge in New Listings<img src="https://assets.site-static.com/userfiles/419/image/2023/Okotoks_real_estate_Price_Stats_for_November_2023.jpg" width="283" height="259" alt="Okotoks real estate market pricing statistics for november 2023 p" title="Okotoks Real EState Market November 2023 Price stats by Market sector" class="img_box_right" />
In the Okotoks real estate market, November experienced a notable increase in new listings, contributing to the year-over-year gain in sales. The uptick in new listings, compared to sales, also played a crucial role in supporting the rise in inventory levels. However, these levels still stand at nearly half of the typical market figures for November. Despite this, the shift this month did contribute to pushing the months of supply up to nearly two months.
While the improvement in months of supply is notable, conditions in the Okotoks real estate market remain exceptionally tight, and prices continued their upward trend this month. As of November, the unadjusted benchmark price reached $590,200, marking a one percent gain over the previous month and a significant over eight percent increase compared to the same period last November.
2023-12-06T15:50:06-07:002023-12-06T17:23:49-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:20895Gas Ranges vs. Induction: Which Cooking Technology Reigns Supreme?<img src="https://assets.site-static.com/userfiles/419/image/2023/gas_rangevs_Induction.png" width="800" height="300" alt="Trying to decide between a gas range and induction, we have the article for you" title="Gas range vs Induction " />
In the ever-evolving world of kitchen appliances, the debate between gas ranges and induction cooktops rages on. Whether you're a culinary enthusiast, a home cook, or simply someone who enjoys a good meal, the choice between these two cooking technologies can be perplexing. Each has its strengths and weaknesses, and both have their dedicated fan base. So, let's dive into the sizzling showdown between gas ranges and induction cooktops and find out which one truly reigns supreme in your kitchen.
Introduction
Cooking is an art, and the choice of your cooking technology can significantly impact your culinary creations. Gas ranges and induction cooktops stand as two culinary titans, each with its unique set of pros and cons. In this battle of flames versus magnets, we'll explore their attributes and help you decide which one is the right fit for your kitchen.
Gas Ranges: The Classic Contender
Advantages of Gas Ranges
Gas ranges have been a staple in kitchens for generations, and for good reason. The controlled open flame provides immediate heat and precise temperature adjustments. This makes them a top choice for professional chefs and home cooks who crave the tactile feedback of cooking with fire.
Instant Heat
Gas ranges offer instant heat, allowing you to start cooking without any delays. Whether you're boiling water or searing a steak, gas delivers the heat you need promptly.
Temperature Control
With the turn of a knob, you can fine-tune the heat level to achieve the perfect simmer or rapid boil. The tactile response of gas is unbeatable.
Drawbacks of Gas Ranges
However, gas ranges are not without their downsides.
Heat Wastage
Gas ranges can be inefficient as they release heat into the kitchen, making your space warmer and less comfortable, especially in hot weather.
Safety Concerns
The open flame poses safety risks, including the potential for gas leaks and accidental burns. This may not be ideal for households with children.
Induction Cooktops: The Modern Marvel
Advantages of Induction Cooktops
Induction cooktops represent a leap into the future of cooking technology, and they come with a host of advantages.
Energy Efficiency
Induction cooktops are highly energy-efficient, as they heat the cookware directly. This means minimal heat wastage and faster cooking times.
Safety First
One of the most significant advantages of induction is its safety. Unlike gas, there are no open flames, reducing the risk of accidents. The cooktop itself remains cool to the touch.
Dra
However, no technology is perfect, and induction cooktops have their share of drawbacks.
Cookware Compatibility
Induction cooktops require compatible cookware with a magnetic base. If your pots and pans don't meet this criteria, you'll need to invest in new ones.
Initial Cost
While induction technology is becoming more affordable, the initial cost of the cooktop and compatible cookware can be higher than gas ranges.
Energy Efficiency
When it comes to energy efficiency, induction cooktops take the lead. Gas ranges can be notorious energy hogs due to the heat wastage they generate, whereas induction cooktops channel energy directly into your cookware, resulting in faster and more efficient cooking.
Safety First
Safety should always be a top priority in the kitchen. Induction cooktops win this round with their cool-to-the-touch surfaces and absence of open flames, making them a safer option, especially for households with kids or pets.
Precision Cooking
For precision cooking, induction cooktops offer the edge. Their precise temperature control allows you to simmer, melt, or sear with unparalleled accuracy, ideal for delicate recipes that demand exacting heat control.
Maintenance and Cleaning
In the battle of cleaning and maintenance, induction cooktops come out on top. They have a smooth, flat surface that's easy to wipe clean, while gas ranges often have grates and burners that can be more challenging to maintain.
Aesthetics and Design
Aesthetics matter, and induction cooktops often win in the design department. Their sleek, modern appearance complements contemporary kitchens, while gas ranges can appear more traditional.
Environmental Impact
Concerned about your carbon footprint? Induction cooktops are more environmentally friendly as they produce fewer greenhouse gas emissions compared to gas ranges.
Cost Comparison
When it comes to the cost comparison, gas ranges usually have a lower initial cost, but keep in mind the long-term energy savings with induction cooktops.
Noise Levels
Gas ranges can be noisy with the hiss of gas and the occasional clicking. Induction cooktops, on the other hand, operate in near silence, creating a quieter cooking environment.
Cookware Compatibility
Your existing cookware may influence your choice. Gas ranges are more forgiving when it comes to cookware, while induction cooktops require magnetic-based pots and pans.
Installation and Setup
Gas ranges typically require a gas line, while induction cooktops need a dedicated electrical circuit. Consider your kitchen's setup before making a decision.
Final Verdict: Which One Sizzles the Best?
In the sizzling showdown between gas ranges and induction cooktops, the "best" choice depends on your specific needs and preferences. Gas ranges offer a classic cooking experience with instant heat and tactile control, making them a favorite for traditionalists. On the other hand, induction cooktops are energy-efficient, safer, and more precise, catering to the modern kitchen.
Ultimately, the choice between gas and induction comes down to your cooking style, budget, and safety concerns. Consider the factors that matter most to you, and make the decision that will elevate your culinary adventures.
Conclusion
In the world of culinary innovation, the battle between gas ranges and induction cooktops continues to sizzle. Both have their merits, but the decision ultimately rests on your priorities and cooking preferences. As technology advances, the choice may become even more perplexing, but remember that there's no one-size-fits-all answer. It's your kitchen, your rules.
FAQs
Can I use any cookware on an induction cooktop?
Induction cooktops require cookware with a magnetic base. If your existing pots and pans aren't compatible, you'll need to invest in new ones.
Which is more energy-efficient: gas ranges or induction cooktops?
Induction cooktops are more energy-efficient, as they heat up faster.
Are gas ranges or induction cooktops safer for households with children?
Induction cooktops are generally considered safer for households with children because they lack open flames, and the cooktop remains cool to the touch.
Do gas ranges or induction cooktops require professional installation?
Gas ranges typically require a gas line and may involve professional installation. Induction cooktops require a dedicated electrical circuit and may also benefit from professional installation, depending on your kitchen's setup.
What is the long-term cost difference between gas ranges and induction cooktops?
While gas ranges have a lower initial cost, induction cooktops are more energy-efficient, resulting in potential long-term energy savings. The cost difference will depend on your energy usage and the specific models you choose.
When choosing between gas ranges and induction cooktops, consider your cooking style, kitchen setup, and personal preferences. Your decision will shape your culinary experiences for years to come. So, whether you opt for the classic charm of gas or the modern marvel of induction, get ready to cook up a storm in your kitchen!2023-11-07T11:03:31-07:002023-11-13T20:37:27-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:20827Calgary Real Estate Market Statistics for October 2023<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Statistics_for_October_2023.png" width="1140" height="760" alt="Calgary real estate board Market Statistics for October 2023 - Infograph showing different market statistics for each real estate sector" title="Calgary real estate market stats for October 2023" />
Calgary Real Estate Market Continues with Price Gains as Inventory Levels Remain Low
In Calgary's real estate sector, the trend of escalating prices persists, driven by the persistent scarcity of available properties. The sales activity for October exhibited a typical slowdown, in line with seasonal trends. However, there were 2,171 transactions recorded, marking a substantial 17 percent increase compared to the same period last year, and representing one of the highest sales figures ever reported for the month of October. This surge in sales activity can be primarily attributed to the growing demand for apartment condominiums, as consumers seek more affordable housing solutions amidst the backdrop of soaring interest rates.
Notably, the influx of new property listings demonstrated a marked improvement this month compared to the previous year, with a total of 2,684 units entering the market. This figure signifies the most robust October levels observed since 2015. Despite this notable increase, the overall inventory levels remain remarkably tight, standing at over 40 percent lower than the typical inventory levels expected for the month of October.
Ann-Marie Lurie, the Chief Economist at CREB®, offered insights into the ongoing challenges in the market, stating, "Despite some recent improvements in new listings, supply levels remain challenging in our market." She further added, "It will take some time to see a shift toward more balanced conditions and ultimately more price stability."
With an available housing supply of only one and a half months, the continuous upward pressure on housing prices is apparent. In October, the unadjusted benchmark price surged to an impressive $571,600, representing a substantial increase compared to the previous month and a remarkable 10 percent surge when compared to the prices from October in the preceding year.
The sustained momentum in Calgary's real estate market, with elevated sales figures and a limited supply of housing, underscores the enduring challenges faced by both buyers and sellers in the region. As consumers seek cost-effective housing options amid the backdrop of rising interest rates, the demand for apartment condominiums remains robust, propelling sales activity to new heights. Although there have been positive developments in new property listings, the overall supply of available properties remains constrained, leading to an ongoing imbalance in the market. Consequently, the city continues to experience upward pressure on housing prices, with the unadjusted benchmark price reaching noteworthy heights in October.
<a href="https://www.calgarylistings.com/calgary-homes-for-sale/" title="Calgary Homes for sale ">Detached Calgary Homes</a>
Both sales and fresh property listings demonstrated improvements compared to the figures from the same period last October. Nevertheless, the current month recorded a total of 1,302 new property listings alongside 976 completed sales, resulting in a deceleration of inventory levels over the past month. It's worth noting that these inventory levels are the lowest ever reported for the month of October. These reductions in inventory have been particularly pronounced for homes priced below $700,000, intensifying the scarcity of options in this price range. The only segment where conditions have slightly eased compared to the previous year is among homes with a price tag exceeding $1,000,000, where the months-of-supply metric has risen to 4.3 months.
Persistent tight market conditions persistently fuel upward movements in prices within the detached housing market. By the end of October, the unadjusted benchmark price had reached $697,600, reflecting a modest uptick from the previous month and an impressive year-over-year increase of 12 percent. Price trends exhibited an upward trajectory over the last month across all districts, with the exception of the South East. It's important to highlight that year-to-date benchmark prices experienced the most significant increases in the North East and East districts.
Semi Detached Calgary Homes
During the month of October, there was a notable improvement in the number of new property listings when compared to the relatively low levels recorded in the previous year. However, the data reveals that despite 235 new listings, only 179 sales were realized. This resulted in a sales to new listings ratio remaining relatively high at 76 percent, which, in turn, prevented any substantial alteration in inventory levels. It's important to emphasize that inventory levels are now approximately half of what is traditionally observed in the month of October, reaching their lowest point since October 2005.
The prevailing and unrelenting tight market conditions have been instrumental in driving price growth. In October, the unadjusted benchmark price experienced an increase over the preceding month, surging to $628,700. This represents a year-over-year gain of an impressive 13 percent. Price trends in October displayed an upward trajectory across most districts, with the most significant monthly gain observed in the City Centre district. In a broader context, similar to the detached housing sector's year-to-date performance, the most significant price growth was witnessed in the more affordable districts of the North East and East, underscoring the persistent demand in these areas.
<a href="https://www.calgarylistings.com/calgary-townhomes-for-sale/" title="Calgary townhomes for sale ">Calgary Townhomes / Row Homes</a>
In the current month, a total of 420 fresh property listings emerged, and they were met with 375 successful sales, sustaining an impressively high sales-to-new listings ratio of 89 percent. This substantial ratio effectively prevented any notable shift in inventory levels. The inventory levels for row houses have now reached their lowest point since October 2005, underlining the extraordinary scarcity of available properties in this category. Concurrently, October sales have soared to a record high for this month, maintaining the months of supply at a meager one month.
These unyielding market conditions, characterized by a persistent lack of available properties, continue to bolster price increases this month. In October, the unadjusted benchmark price surged to $425,200, marking a monthly gain of over one percent. Notably, this price is nearly 19 percent higher than it was in the same month last year. Price hikes have been discernible across most districts, with the City Centre witnessing the most significant monthly gain. Interestingly, despite this monthly surge, the City Centre has recorded the lowest year-to-date price growth compared to the other districts, further illustrating the unique dynamics within the real estate market.
<a href="https://www.calgarylistings.com/calgary-condos-for-sale/" title="Calgary Condos for sale ">Calgary Apartment Condos</a>
The month of October witnessed a remarkable achievement with record high sales, primarily attributable to a substantial surge in new listings. Despite the influx of 727 new listings, the sales to new listings ratio maintained its impressively high standing at 88 percent, indicating a robust market. This persistent trend has been instrumental in driving inventories down. The decline in inventory levels has been most pronounced within the category of condominiums priced below $300,000, which now represent only 38 percent of the total inventory, marking a significant decline from the 53 percent reported in the previous year.
This persistent seller's market condition has played a pivotal role in generating recent gains in property prices. For the month of October, the unadjusted benchmark price stood at $316,600, reflecting a monthly gain exceeding one percent. Impressively, this price reflects a substantial year-over-year increase of 16 percent, underscoring the remarkable appreciation in property values. Importantly, the year-to-date data shows that price gains have been observed across every district in the city, with some of the most substantial increases recorded in the more affordable North East and East districts, highlighting the widespread and resilient demand in these areas.
Regional Market Real Estate Statistics
<a href="https://www.calgarylistings.com/airdrie/" title="Airdrie Real Estate">Airdrie</a>
In the city of Airdrie, the real estate market experienced a period of moderation in October, contributing to a notable year-to-date decline of 29 percent in sales activity. This decrease was predominantly driven by a dip in detached home sales. The scarcity of options in the lower price segments played a significant role in the decline of home sales below the $500,000 mark. While inventory levels did see improvement when compared to the previous year's low figures, this growth primarily pertained to homes with price tags above $500,000.
Despite some adjustments in both sales and inventory levels, these modifications did result in a slight increase in the months of supply over the past month. However, it's important to note that conditions continue to be quite tight, with less than two months of supply available. This, in turn, provides continued support for further increases in property prices. In October, the benchmark price exhibited an uptick, reaching $521,400, marking a year-over-year gain of nearly 10 percent.
<a href="https://www.calgarylistings.com/cochrane/" title="Cochrane Real Estate">Cochrane</a>
In Cochrane, the real estate market experienced a boost in new property listings in comparison to both the previous month and the same period last year. This surge likely contributed to the monthly gains in sales. However, when examining year-to-date data, there was a noticeable easing of sales activity, with a decline of nearly 22 percent across all property types. Despite the decline in sales, it's noteworthy that the levels still surpass long-term trends for the town. Even with the monthly improvement in new listings, inventory levels remained lower than those of the previous year and continued to fall well below long-term trends.
The prevailing market conditions in Cochrane, marked by their persistent tightness, have provided a fertile ground for further price growth this month. By the end of October, the unadjusted benchmark price had reached $539,900, representing a monthly gain exceeding one percent and a year-over-year increase of seven percent. These price gains have been observable across all property types, with the most substantial year-over-year increases occurring within the apartment condominium sector.
<a href="https://www.calgarylistings.com/homes-for-sale-in-okotoks/" title="Okotoks Real EState">Okotoks</a>
In Okotoks, the market landscape in October was characterized by the emergence of 48 new property listings, met with 41 sales, thereby maintaining a robust sales-to-new listings ratio of 85 percent. This substantial ratio has played a pivotal role in preventing any substantial alterations to the already exceptionally low inventory levels. The limitations in inventory are believed to have contributed to the restraint observed in sales activity year-to-date, with a decline of 26 percent, primarily attributed to a pullback in detached property transactions.
Despite some fluctuations in property prices over the past few months, the unadjusted benchmark price did experience a slight increase when compared to September. Impressively, it was over nine percent higher than the same period last year. These price increases have been notable across all property types, with the most substantial year-over-year gains observed in the detached and semi-detached housing segments.
2023-11-02T12:49:16-07:002023-12-06T16:29:41-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:20554Calgary Real Estate Market September 2023Calgary Real Estate Market Statistics for September 2023
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Market_Statistics_for_Spetember_2023.jpg" width="798" height="532" alt="Calgary Real Estate Market Statistics for Spetember 2023" title="Calgary Real Estate Market Statistics for Spetember 2023" />
Calgary Real Estate Market: Calgary's Real Estate Market Soars to Unprecedented Heights in September, Yet Supply Remains a Persistent Issue
The Calgary real estate market continues to make headlines as it reached new heights in September, with a staggering 2,441 homes changing hands. Despite experiencing consistent year-over-year growth over the last four months, the cumulative sales for this year still fall short by nearly 12 percent compared to the levels witnessed in the previous year.
A noteworthy development in September was the influx of new listings, which showed significant improvement when compared to the previous year. This surge in listings led to a decline in the sales-to-new listings ratio, which currently stands at 76 percent. This adjustment has successfully prevented any further monthly declines in the inventory levels.
However, the overall inventory levels for September remained over 24 percent lower than the levels observed in the same period last year. Furthermore, when assessed in the context of sales activity, the inventory levels have not shifted sufficiently to trigger significant changes in the equilibrium between supply and demand. As of September, the "months of supply" metric continues to remain notably low, standing at less than two months.
Commenting on this situation, CREB® Chief Economist Ann-Marie Lurie addressed the ongoing supply challenges, stating, "The issue of supply has persisted in our market, primarily due to robust inter-provincial migration, which has amplified the demand for housing, even in the face of higher lending rates. While new listings are indeed on the rise, they have yet to alleviate the ongoing seller's market conditions."
In September, the unadjusted residential benchmark price was recorded at $570,300, mirroring the figures from the previous month and demonstrating a significant year-over-year increase of nearly nine percent. Calgary's real estate market remains a dynamic and evolving landscape, with supply constraints continuing to shape the industry's trajectory.
Calgary Real Estate Market Report: September 2023
Calgary's Housing Market Dynamics: A Detailed Analysis
Detached Homes - See <a href="https://www.calgarylistings.com/calgary-real-estate-listings/" title="Calgary Houses for Sale">Calgary Houses for Sale</a>
Calgary's real estate landscape continues to break records, with the number of detached home sales reaching unprecedented levels in September. At a remarkable 2,441 sales, this marks a significant achievement. However, it's worth noting that despite this impressive year-over-year growth trend, year-to-date sales figures are still trailing behind by approximately 12 percent compared to the previous year.
One of the key factors contributing to this phenomenon is the persistently low inventory levels, especially in homes priced below $700,000. The sales-to-new listings ratio remains high at 76 percent. While there has been some improvement in supply for higher-priced properties, the segment of homes below $700,000 is grappling with less than one month of supply.
Despite the tight market conditions, the unadjusted benchmark price has remained relatively stable compared to the previous month, primarily due to a monthly price adjustment in the West end of the city offsetting gains in other districts. Overall, the benchmark price stands at $696,100, reflecting a notable year-over-year increase of over 11 percent. The magnitude of price gains varies across districts, ranging from a high of 20 percent in the East district to a more modest nine percent in the City Centre.
Semi-Detached Homes - See <a href="https://www.calgarylistings.com/calgary-real-estate-listings/" title="Calgary Homes for Sale">Calgary Homes for Sale</a>
September brought a surge in new listings compared to sales activity in the semi-detached home segment. This shift caused the sales-to-new listings ratio to drop below 70 percent, marking the first time this has occurred since September of the previous year. While this adjustment supported a monthly increase in inventory levels, with 295 units available, inventories have not been this low since September 2005.
Following ten consecutive monthly price gains, benchmark prices in September experienced a slight pause. However, at a benchmark price of $621,300, prices are still notably higher, up by 11 percent compared to the previous year. The temporary pause in price growth was primarily driven by adjustments in the West and North West districts, where the months of supply exceeded levels reported in the previous year and month.
Row Houses- See <a href="https://www.calgarylistings.com/calgary-townhomes-for-sale/" title="Calgary Townhomes for Sale">Calgary Townhomes for Sale</a>
The row house segment experienced a pullback in monthly sales, which outpaced the reduction in new listings. As a result, the sales-to-new listings ratio fell to 84 percent. While market conditions remain exceptionally tight, this marks an improvement compared to the 90 percent average observed since April. The shift in this ratio prevented further monthly declines in inventory levels, although inventory remains scarce, with less than one month of supply, exerting upward pressure on prices.
The benchmark price in September reached $419,400, reflecting a 1.5 percent monthly gain and a substantial 17 percent increase compared to the previous year. Price gains have been consistent across all districts, with the most significant increases occurring in the more affordable areas of the city.
Apartment Condominiums - See <a href="https://www.calgarylistings.com/calgary-condos-for-sale/" title="Calgary Condos for Sale">Calgary Condos for Sale</a>
September saw an influx of new listings, reaching the highest levels reported for this month. This contributed to record-high sales figures, with year-to-date apartment condominium sales reaching 6,286, a remarkable 25 percent gain over the previous year. Tight rental market conditions and higher lending rates have sustained demand for apartment-style properties. Although inventory levels saw a modest increase compared to the previous month, conditions remain exceptionally tight, with only 1.5 months of supply.
These persistent tight market conditions have continued to drive price gains. In September, the unadjusted benchmark price reached $312,800, a 1.2 percent increase over the previous month and nearly 15 percent higher than the previous year.
Regional Market Insights
Airdrie - See <a href="https://www.calgarylistings.com/airdrie/" title="Airdrie Homes for Sale ">Airdrie Homes for Sale</a>
In Airdrie, the sales-to-new-listings ratio dropped to 70 percent, the first time this has happened since 2020. Improved new listings relative to sales supported a modest monthly increase in inventory levels. However, inventory levels for September remain amongst the lowest reported since 2005, keeping the months of supply exceptionally low at just over one month.
The tight market conditions have led to further price gains, with the unadjusted benchmark price reaching $518,000 in September, reflecting a year-over-year increase of over eight percent.
Cochrane - See <a href="https://www.calgarylistings.com/cochrane/" title="Cochrane Homes for Sale">Cochrane Homes for Sale</a>
Sales and new listings both eased in September, leaving inventory levels relatively stable. Although inventories are nearly 40 percent lower than long-term trends, they are not at record lows. The shift in the sales-to-inventory ratio caused the months of supply to rise above two months, the first time this has occurred since February.
While conditions remain relatively tight, this shift has likely prevented further upward pressure on monthly home prices. The unadjusted benchmark price in September was $532,700, slightly lower than the previous month due to adjustments in various housing segments. Despite this monthly pause, total residential prices are still over five percent higher than those in September 2022.
Okotoks - See <a href="https://www.calgarylistings.com/homes-for-sale-in-okotoks/" title="Okotoks Homes for Sale">Okotoks Homes for Sale</a>
In Okotoks, the sales-to-new-listings ratio dropped to 75 percent in September, the lowest ratio seen since August 2022. The increase in new listings relative to sales prevented any further monthly declines in inventory levels. However, with only 70 units available, inventory levels are still amongst the lowest reported monthly levels in over 20 years.
While both inventory and sales experienced a modest adjustment, causing the months of supply to rise over last month's levels, conditions remain relatively tight, especially for semi-detached, row, and apartment-style properties. The unadjusted benchmark price in September was $580,200, nearly nine percent higher than the previous year.
Calgary's real estate market continues to display resilience and growth, with some segments breaking records, despite supply challenges and shifting dynamics in different districts. As we move forward, these insights provide a comprehensive view of the city's housing landscape, allowing both buyers and sellers to navigate the market with greater clarity.
2023-10-03T08:15:00-07:002023-11-02T12:49:10-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17337From Filet to Ribeye: Calgary's Best Steakhouse Selections<img src="https://assets.site-static.com/userfiles/419/image/2023/Best_Steakhouses_In_Calgary.jpg" width="800" height="300" alt="Cooked steak on a cutting board with cutlery" title="Best Steakhouses in Calgary" />
When it comes to enjoying a delicious steak dinner, there's no place like Calgary, AB. This city is home to some of the best steakhouses in the country, offering a wide range of cuts, cooking styles, and flavors to satisfy every palate. From the classic filet mignon to the flavorful ribeye, Calgary's top steakhouse selections will leave you feeling satisfied and wanting more. Let's explore some of the best steakhouses in Calgary and the cuts they offer.
Vintage Chophouse and Tavern
Located in the heart of downtown Calgary, Vintage Chophouse and Tavern is a must-visit destination for steak lovers. The restaurant offers a classic, upscale atmosphere that is perfect for a romantic dinner or special occasion. As for the cuts, Vintage Chophouse and Tavern offers a variety of options, including a 10 oz. filet mignon, 16 oz. ribeye, and a 14 oz. New York striploin. All of their steaks are cooked to perfection and served with your choice of sides and sauces.
Caeser's Steakhouse
For over 40 years, Caesar's Steakhouse has been serving up some of the best steak in Calgary. The restaurant's elegant decor and attentive service make for a truly special dining experience. Caesar's Steakhouse is known for their perfectly cooked, flavorful steaks, including a 10 oz. filet mignon, 12 oz. ribeye, and a 16 oz. New York striploin. Their steaks are served with classic sides like mashed potatoes and creamed spinach, as well as unique offerings like lobster mashed potatoes.
The Keg Steakhouse and Bar
The Keg is a popular chain steakhouse with locations throughout Canada, including several in Calgary. Known for their warm and welcoming atmosphere, The Keg is a great spot for a casual dinner with friends or a family outing. The restaurant offers a variety of cuts, including a 6 oz. filet mignon, 12 oz. ribeye, and a 14 oz. New York striploin. The Keg also offers a number of seafood and chicken options, making it a great choice for groups with different tastes.
Ruth's Chris Steak House
Ruth's Chris is a world-renowned steakhouse chain with locations throughout the United States and Canada, including one in Calgary. The restaurant is known for their signature 500-degree sizzling plates, which keep the steaks hot and juicy from the first bite to the last. Ruth's Chris offers a variety of cuts, including a petite filet, a cowboy ribeye, and a porterhouse for two. All of their steaks are served with your choice of sides, including creamed spinach, mashed potatoes, and sauteed mushrooms.
Modern Steak
If you're looking for a modern take on the classic steakhouse experience, look no further than Modern Steak. This trendy restaurant offers a sleek, contemporary atmosphere and a menu filled with unique twists on traditional steakhouse fare. Their cuts include a 10 oz. filet mignon, 16 oz. ribeye, and a 20 oz. bone-in ribeye. They also offer a variety of specialty cuts, such as the Japanese Wagyu beef, which is known for its rich marbling and buttery flavor.
Hy's Steakhouse
Hy's Steakhouse has been a Calgary staple since 1955, and for good reason. The restaurant offers an elegant, timeless atmosphere that is perfect for a special occasion or a romantic dinner for two. Hy's offers a variety of cuts, including a 10 oz. filet mignon, 12 oz. ribeye, and a 20 oz. porterhouse. They also offer a number of seafoodand vegetarian options, making it a great choice for groups with different dietary preferences. Additionally, Hy's Steakhouse is known for their impeccable service and attention to detail, ensuring that every aspect of your dining experience is perfect.
Saltlike Steakehouse
Saltlik Steakhouse is another popular steakhouse chain with locations throughout Canada, including one in Calgary. The restaurant's warm and inviting atmosphere is perfect for a casual dinner or a night out with friends. Saltlik offers a variety of cuts, including a 7 oz. filet mignon, 12 oz. ribeye, and a 14 oz. New York striploin. They also offer a number of unique sides and sauces, such as truffle mac and cheese and chimichurri sauce.
Chairmans Steakhouse
Chairman's Steakhouse is another great addition to Calgary's steakhouse scene. Located in the city'ssoutheast neighbourhood of Mahogany, Chairman's Steakhouse offers a luxurious dining experience in a beautifully designed space. The restaurant's menu features a variety of high-quality cuts, including a 6 oz. filet mignon, 10 oz. ribeye, and a 12 oz. New York striploin. In addition to their signature steaks, Chairman's Steakhouse also offers a selection of seafood, chicken, and vegetarian dishes, making it a great option for groups with diverse dietary preferences. The restaurant also boasts an extensive wine list and a knowledgeable staff to help you pair your meal with the perfect bottle.
In conclusion, Calgary is home to some of the best steakhouses in Canada, offering a wide range of cuts, cooking styles, and flavors to satisfy every taste and budget. Whether you're looking for a classic filet mignon or a unique specialty cut, these top steakhouse selections will not disappoint. So go ahead, indulge in a mouthwatering steak dinner at one of Calgary's best steakhouses and savor every delicious bite.
2023-09-22T08:16:00-07:002023-03-16T17:05:29-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:20220Calgary Real Estate Market Statistics 2nd QuarterCITY OF CALGARY REAL ESTATE UPDATE
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Stats_q2_2023.png" width="800" height="300" alt="Calgary Real EState Stats for Q2 2023 - what is going on in the Calgary real estate market currently" title="Calgary Real EState Stats for Q2 2023" />
Calgary Real Estate Market Statistice - 2nd Quarter 2023
Greetings and welcome to our comprehensive overview of Calgary's real estate scene. In this report, we'll be delving into the intricate dynamics that define the city's housing market. From trends in sales and demand to the challenges posed by supply and economic factors, we'll unravel the factors steering the course of real estate in this bustling city. From surprising migration patterns to the resilient demand for upscale homes, join us as we navigate the forces shaping Calgary's real estate landscape, all the while peering into the future of this ever-evolving market.
Sales Trends:
In the second quarter, home sales were better than expected, though not as fast as last year's exceptional pace.
The number of sales matches the yearly predictions, showing a steady market.
Strong Demand for Expensive Homes:
We're seeing surprising interest in expensive homes.
People moving from Ontario and British Columbia are part of the reason. They're used to higher prices, so they aren't as affected by rising loan rates.
Calgary's appealing housing market is attracting more of these people, who are looking for stability and growth opportunities.
Our city's job market is also strong, with many new jobs in various sectors like construction, healthcare, and more.
Supply Challenges:
Supply of homes is low, whether you're looking at resale, new builds, or rentals.
Although many new homes are being built, it's not enough to balance the number of people moving here.
People who already own homes are hesitating to sell, possibly because of higher loan rates and limited choices for new homes.
Market Conditions and Prices:
Due to limited supply, the housing market is quite competitive.
Home prices are rising more than we expected, and this is true for all types of properties in the city.
Although prices went down in the latter half of 2022, they've gone up steadily this year, even reaching a new all-time high.
Economy's Role:
The city's strong economy is supporting the real estate market.
Many new jobs have been created in areas like building, healthcare, and services.
Migration Trends:
More people than expected are moving here from areas with higher home prices.
These migrants aren't as worried about higher loan rates because the prices here are lower.
Calgary's attractive housing market is convincing more people to make this city their home.
What to Expect:
Our housing market is influenced by factors like demand, supply, people moving, jobs, and loan rates.
As the year goes on, these things will keep affecting the real estate situation.
To sum it up, Calgary's real estate situation is interesting. We're dealing with high demand, limited supply, and changes caused by people moving here. The job market is strong, and this is helping the real estate situation. However, because there aren't enough homes available, prices are going up faster than we thought. As the year goes on, we'll keep seeing how these things come together and shape our city's real estate landscape.<br /><br />
<a href="https://www.canva.com/design/DAFsYBrUKkE/view?utm_content=DAFsYBrUKkE&utm_campaign=designshare&utm_medium=embeds&utm_source=link" target="_blank" rel="noopener">Q22023ForecastReport.pdf</a> by Crystal Tost2023-08-23T09:47:32-07:002023-08-23T10:06:04-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:19261Calgary Real Estate Market - July 2023 Housing Market UpdateCalgary Real Estate July 2023
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Market_July_2023.jpg" width="710" height="473" alt="Calgary Real Estate market July 2023" title="Statistical look at the Calgary real estate market for July 2023" />
As of August 1, 2023, the <a href="https://www.calgarylistings.com/calgary-real-estate-listings/" title="Calgary Real estate">Calgary real estate</a> market continues to soar, with home prices reaching new heights. July marked the seventh consecutive month of price gains, reflecting the strongest July sales levels on record. Despite rising interest rates, the market remained resilient, with a year-over-year sales increase of 18 per cent, driven mainly by significant gains in the affordable apartment condominium sector. However, year-to-date sales have declined by 19 per cent compared to the previous year.
Sales and new listings followed seasonal trends and decreased compared to the previous month, but this had minimal impact on inventory levels, which remain near a record low set in July 2006. The market still heavily favors sellers, with an 82 per cent sales-to-new-listings ratio and only 1.3 months of supply.
Migration to the province and relative affordability have supported the strong demand for housing despite higher lending rates. However, the market continues to struggle with supply in the resale, new home, and rental markets, leading to further upward pressure on home prices.
In July, the unadjusted total residential benchmark price reached $567,700, marking a four per cent increase from the previous peak in May 2022.
Detached homes saw an uptick in sales and new listings in July, but inventory levels remained at their lowest ever reported for July, especially for properties priced below $1,000,000. The unadjusted benchmark price for detached homes rose to $690,500, a monthly gain of nearly one per cent and a seven per cent increase compared to last July.
Semi-detached homes experienced a sellers' market condition, with limited new listings and a sales-to-new-listings ratio above 85 per cent. The unadjusted benchmark price for semi-detached homes reached $616,800, with the most significant monthly gains in the North East and East districts.
The row property market remained in a sellers' market, with high demand and limited new listings, leading to further price gains. As of July, the benchmark price for row properties reached $407,500, a nearly two per cent increase from the previous month and a 14 per cent increase compared to last July.
The apartment condominium market saw a year-to-date gain in sales activity, thanks to recent gains in new listings. However, the market remains tight, with a sales-to-new-listings ratio of 84 per cent and a months of supply of 1.4 months. The unadjusted benchmark price for apartment condominiums reached $305,900, a nearly one per cent increase from the previous month and over 12 per cent higher than last July.
Airdrie Real Estate Market
New listings remained comparable to the previous month, while sales trended down slightly, resulting in a modest gain in inventory. Despite this, conditions in Airdrie remain tight, favoring sellers, and the benchmark price rose nearly one per cent to $514,100.
Cochrane Real Estate Market
The sales-to-new-listings ratio remained at 77 per cent, contributing to a modest increase in inventory levels. However, conditions in Cochrane are still tight, and the unadjusted benchmark price rose nearly one per cent to $529,700.
Okotoks Real Estate Market
The sales-to-new-listings ratio remained elevated at 86 per cent, preventing significant shifts in inventory levels. The market in Okotoks still favors sellers, with the benchmark price reaching $586,900, over seven per cent higher than last year.2023-08-01T12:08:52-07:002023-08-25T11:03:28-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17376The Importance of Location in Real Estate: Finding Your Perfect Neighbourhood<img src="https://assets.site-static.com/userfiles/419/image/2023/The_Importance_Of_Location_In_Real_Estate.jpg" width="800" height="300" alt="A Line of Houses" title="The Importance Of Location In Real Estate" />
When it comes to buying or renting a home, location is often considered the most important factor. The right location can make a huge difference in the quality of life and overall satisfaction of the homeowner. Whether you are searching for a suburban or urban setting, there are several key factors to consider when selecting your perfect neighbourhood.
Proximity to Amenities and Services
One of the most important factors to consider when selecting a neighbourhood is its proximity to important amenities and services. This can include access to public transportation, grocery stores, schools, medical facilities, and recreational areas. Living in close proximity to these amenities can save time, money, and effort in daily tasks, as well as provide a sense of convenience and accessibility.
For example, if you have children, living near good schools can make a huge difference in their educational opportunities and future success. On the other hand, if you work in the city, living near public transportation can save you time and money on daily commutes. Additionally, having access to parks, fitness centers, and other recreational facilities can promote a healthy lifestyle and provide opportunities for socialization and community engagement.
Safety and Security
Another important factor to consider when selecting a neighbourhood is its safety and security. No one wants to live in an area that is unsafe or where they feel uncomfortable walking around at night. Safety can also affect the value of a property, as a high crime rate or unsafe conditions can lead to lower property values.
Researching crime rates and speaking with local law enforcement can help you determine the safety of a neighbourhood. Additionally, looking for well-lit streets, active neighbourhood watch programs, and visible security measures can also be indicators of a safe neighbourhood.
Community and Culture
The culture and community of a neighbourhood can also have a significant impact on your satisfaction with your home. Do you want to live in an area with a strong sense of community, where neighbours know each other and participate in events together? Or are you more interested in an area with diverse cultural offerings, such as restaurants, museums, and festivals?
Consider the demographics of the area and whether they align with your personal preferences and values. For example, if you are a young professional, you may prefer an area with a bustling nightlife and trendy restaurants. Alternatively, if you have a family, you may be more interested in an area with good schools and family-friendly events.
Future Development
When selecting a neighborhood, it is important to consider future development plans. Will there be new businesses, parks, or infrastructure added to the area? Will the neighbourhood experience growth or decline in the coming years?
Researching local development plans and speaking with local officials can help you understand the potential future of the area. This can be important for both personal satisfaction and property value, as development can have a significant impact on the desirability and value of a neighbourhood.
Real Estate Market
Finally, it is important to consider the real estate market in the area. Are home prices on the rise or decline? What is the average rent or home price in the area? These factors can have a significant impact on the affordability and value of a property.
Researching the real estate market in the area can also help you determine whether it is a good time to buy or rent. Additionally, speaking with a real estate agent can provide valuable insight into the local market and help you make informed decisions about your home search.
In conclusion, selecting the perfect neighbourhood is a crucial factor in finding your dream home. Factors such as proximity to amenities and services, safety and security, community and culture, future development, and the real estate market can all have a significant impact on your satisfaction with your home and the value of your property. By taking the time to consider these factors and conducting thorough research, you can find the perfect neighbourhood to meet your personal and financial goals.2023-07-31T08:22:00-07:002023-04-05T12:17:23-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17375Common Real Estate Scams and How to Avoid Them<img src="https://assets.site-static.com/userfiles/419/image/2023/Common_Real_Estate_Scams_To_Avoid.jpg" width="800" height="300" alt="A Little house" title="Common Real Estate Scams To Avoid" />
Real estate transactions involve a lot of money, which makes them attractive to scammers looking to make a quick buck. As a homebuyer, seller, or investor, it's important to be aware of the most common real estate scams and know how to protect yourself from falling victim to them. In this post, we'll go over some of the most common real estate scams and provide tips on how to avoid them.
Rental Scams: Rental scams are one of the most common real estate scams out there. Scammers will advertise a rental property that doesn't actually exist or that they don't own. They'll ask potential renters for a deposit or first month's rent before disappearing with the money. To avoid rental scams, always do your research before sending money or signing a lease. Make sure the person you're dealing with is the actual owner or property manager and not a scammer.
Foreclosure Scams: Foreclosure scams target homeowners who are struggling to make their mortgage payments. Scammers will offer to help the homeowner avoid foreclosure by taking over their mortgage payments or buying their home for a fraction of its value. They'll then disappear with the homeowner's equity or use the homeowner's information to commit identity theft. To avoid foreclosure scams, be wary of anyone who offers to buy your home for a very low price or who asks for money upfront.
Wire Fraud: Wire fraud occurs when scammers intercept emails between homebuyers, sellers, and real estate agents and use fake wire instructions to divert closing funds to their own accounts. To avoid wire fraud, always verify wire instructions with your real estate agent or title company by phone or in person before sending any money.
Investment Scams: Investment scams target real estate investors looking for high returns. Scammers will offer to sell properties that don't actually exist or that they don't own, or they'll promise high returns on real estate investments that are too good to be true. To avoid investment scams, always do your due diligence and research the property and the person offering the investment opportunity.
Title Fraud: Title fraud occurs when a scammer steals a homeowner's identity and uses it to transfer the title of the homeowner's property to themselves. They can then take out a mortgage on the property or sell it to an unsuspecting buyer. To avoid title fraud, regularly check your property's title and report any suspicious activity to the authorities.
In conclusion, real estate scams can be costly and devastating. By being aware of the most common scams and taking steps to protect yourself, you can avoid becoming a victim. Always do your research, verify information, and trust your instincts. If something seems too good to be true, it probably is.2023-07-24T08:30:00-07:002023-03-16T16:48:58-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17374Top Tacos in Cowtown: Calgary's Best Taco Spots<img src="https://assets.site-static.com/userfiles/419/image/2023/Best_Taco_Places_In_Calgary.jpg" width="800" height="300" alt="A couple of tacos" title="Top tacos in Cowtown: Best Tacos in Calgary" />
Calgary may be known for its steak and western-style cuisine, but don't overlook the city's incredible taco scene. From traditional Mexican-style tacos to fusion creations, there's no shortage of delicious options to choose from. In this post, we'll take a look at the top taco spots in Calgary that are sure to satisfy your cravings.
Native Tongues Taqueria
This popular spot in the Beltline is known for its authentic Mexican flavors and fresh ingredients. From the classic al pastor to the vegetarian hongos, there's something for everyone. Plus, their handmade tortillas are a game-changer.
Tacos Mexico
For a taste of Mexico City, head to Tacos Mexico in Forest Lawn. Their tacos are simple yet flavorful, with options like carne asada, carnitas, and chorizo. Don't forget to try their house-made salsa.
Los Chilitos
This colorful taqueria in the Beltline serves up some of the best tacos in town. Their menu features a variety of meat and vegetarian options, including the popular crispy chicken and pork belly tacos. Wash it down with one of their fresh-pressed juices.
El Charrito Taqueria
This food truck turned brick-and-mortar restaurant serves up some of the most delicious tacos in the city. Their menu features a variety of options, including the popular carne asada and al pastor tacos. Don't forget to try their famous guacamole and chips.
Gringo Street
Located in the Beltline, Gringo Street offers a creative take on traditional Mexican-style tacos. Try the Korean beef or crispy fish tacos for a unique flavor experience. Don't miss out on their loaded nachos and delicious margaritas.
Anejo
This upscale Mexican restaurant in Mission offers a wide variety of tacos with creative flavors and fresh ingredients. From the classic beef and fish tacos to the more unique cauliflower and duck confit tacos, there's something for everyone. Don't forget to try their famous guacamole and margaritas.
Chilitos Taberna
Located in Kensington, this cozy spot offers a variety of authentic Mexican-style tacos with a modern twist. From the spicy shrimp to the braised beef, each taco is packed with flavor. Be sure to check out their extensive tequila and mezcal selection.
Blanco Cantina
This lively Mexican restaurant in the Mission district offers a fun atmosphere and delicious tacos. From the classic carne asada to the vegetarian cauliflower and mushroom tacos, there's something for everyone. Don't miss out on their frozen margaritas and churros for dessert.
Calgary's taco scene is constantly evolving and expanding, so be sure to keep an eye out for new and exciting spots popping up around the city. Whether you're in the mood for traditional or fusion-style tacos, there's no shortage of delicious options to choose from.
2023-07-17T18:13:00-07:002023-03-16T16:48:00-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17234Winning the Bidding War: Tips and Tricks for Buyers<img src="https://assets.site-static.com/userfiles/419/image/2023/Winning_At_Bidding_Wars_Buyers_Tips.jpg" width="800" height="300" alt="a Gavel " title="Winning The Bidding Wars: Buyers Tips" />
In today's real estate market, many homebuyers find themselves in the middle of a bidding war, competing against other buyers for the same property. With low inventory and high demand, it's not uncommon for homes to receive multiple offers, driving up the price and making it challenging to secure your dream home. However, with the right strategies, you can increase your chances of winning the bidding war. Here are some tips and tricks for buyers to come out on top.
Get Pre-Approved for a Mortgage
Getting pre-approved for a mortgage should be the first step in the home buying process. A pre-approval letter from your lender shows the seller that you're a serious buyer and have the financial means to purchase the property. It also gives you a clear idea of your budget, so you can make an offer that's realistic and competitive.
Be Flexible with Your Timeline
If possible, try to be flexible with your closing date. If the seller needs to move out quickly, offering to close sooner may make your offer more attractive. On the other hand, if the seller needs more time, offering a longer closing date may be appealing. Being accommodating with the timeline can help you stand out from other buyers.
Make a Strong Offer
In a bidding war, the offer with the highest price often wins. However, it's not just about the price. You'll want to make a strong offer that's competitive in all aspects. Consider offering a larger earnest money deposit, which shows the seller that you're serious about the purchase. You can also consider waiving some contingencies, such as the inspection or appraisal, to make your offer more attractive.
Write a Personal Letter
In addition to a strong offer, writing a personal letter to the seller can help you stand out. Let the seller know why you love the property and how you see yourself making it your home. Be sincere and genuine, and avoid using clichés or sounding too salesy. A heartfelt letter can help the seller connect with you on a personal level and choose your offer over others.
Work with a Knowlegdeable Real Estate Agent
Having a knowledgeable real estate agent on your side can be a game-changer in a bidding war. A good agent can help you navigate the market and make a competitive offer. They can also advise you on the right strategy, such as offering above the asking price, adding an escalation clause, or making a cash offer. Additionally, a good agent can help you write a compelling personal letter to the seller and negotiate on your behalf.
Consider an Escalation Clause
An escalation clause is a clause in the purchase offer that allows the buyer to increase their offer by a certain amount if another buyer makes a higher offer. For example, you could offer $5000 over the highest offer up to a certain limit. An escalation clause can show the seller that you're willing to compete and can help you win in a bidding war.
Be Prepared to Walk Away
It's essential to know your limits and be prepared to walk away if the bidding war becomes too intense. You don't want to get caught up in the moment and overpay for a property that may not be worth it. Remember that there will always be other properties available, and it's better to wait for the right one than to overpay for the wrong one.
In conclusion, winning a bidding war can be challenging, but with the right strategies, you can come out on top. Getting pre-approved for a mortgage, being flexible with your timeline, making a strong offer, writing a personal letter, working with a knowledgeable agent, considering an escalation clause, and being prepared to walk away are all strategies that can help you win in a bidding war. Remember to stay calm, be patient, and trust the process.
2023-07-10T09:18:00-07:002023-03-16T17:02:32-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:19041Calgary Real Estate Statistics June 2023<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Stats_Jun_2023.jpg" width="800" height="300" alt="City of Calgary" title="Calgary Real Estate Statistics June 2023" />
Another record-high month for Calgary
The housing market in Calgary was involved in a push in apartment condominium sales, setting a new reported high of 3,146 sales accomplished in June. While year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than the pre-pandemic levels.
Providing relief and a monthly grow in inventory levels, there has been a greater trend in new listings. Although, despite these improvements, the inventory for June was steady at 3,458 units, resulting in a down fall of over 36 percent from last year and touching the lowest levels for June in nearly two decades.
"The demand for housing remains robust, bolstered by a healthy labour market and increased migration levels, which helps offset the impact of higher lending rates." said CREB Chief Economist Ann-Marie Lurie. "Although we have seen some recent improvements in new listings, particularly for apartment condominiums, it is not enough to cause any substantial change from the low inventory situation in our city. While new home starts are on the rise, it will take the time to observe their impact on supply."
The current market conditions remain to favour the sellers, placing more pressure on home prices, with a supply of just over one month. In the month of June, the total residential standard price touched $564,700, representing a monthly unadjusted gain of one percent and four percent higher than last year's levels.
Detached
With only 1,651 units available in June, levels hit a new reported low for the month, however, a monthly gain in new listings supported a monthly increase in inventory levels. Inventories fell down across most price ranges, but the steepest falls happened in homes priced below $600,000. Of all the inventory in the month of June, only 24 percent was priced below $600,000, a significant drop from last year, where the market segment represented 45 percent of the supply.
A small amount of inventory, especially in the lower price ranges, ensured that the market continued to favour the seller, forcing further gains in home prices. The standard price touched $685,100, an unadjusted monthly gain of nearly two percent and a year-over-year increase of six percent in the month of June. Year-over-year gains were the highest in the most affordable North East and East districts.
Semi-Detached
Helping support modest monthly gains in inventory levels, new listings have improved in the month of June. Although, with 268 units in inventory and 240 sales, the months of supply remained exceptionally tight at just over one month. The constantly tight market situations have contributed to more price gains for semi-detached properties. The standard price touched $613,100, over two percent higher than last month and almost six percent higher than levels recorded in the previous year at this time.
Tight conditions all across the districts have supported price growth. Year-over-year price growth ranged from a low of 4.5 percent in the city centre to a high of 17 percent in the East district.
Row
Both sales and new listings trended up over the levels recorded last month. Still, with a sales-to-new-listings ratio of 86 percent and months of inventory below one month, conditions remain to favour the seller placing more upward pressure on home prices.
In the month of June, the standard price touched $400,000, over two percent higher than the last month and over 11 percent higher than last year. With the most significant monthly gains occuring in the East, North and South districts, prices improved all across the districts in the city. These districts have also recorded year-over-year gains of nearly 20 percent.
Apartment Condominium
Sales in the month of June touched 857 units, 48 percent higher than last year. Sales growth was enough to cause year-to-date sales to rise by 11 per cent over last year over the past three months. The upward gain in sales was able to be accomplished thanks to improving new listings. Although, consistently strong demand for affordable products have prevented inventories from improving. Inventory levels touched 1,116 units, the lowest level for the month recorded since June 2013.
Constant tight conditions have supported the sixth consecutive month where prices rose. The standard price touched $302,200, nearly two percent higher than last month and 12 percent higher than last year's levels. WHile unadjusted prices have reached a new reported high, prices continue below the peak in the City Centre, North East and East districts.
Regional Market Facts
Airdrie
A fallback in new listings contributed to slower sales action this month. With 245 new listings and 221 sales, the sales-to-new listings ratio continued to be elevated at 90 percent. This also prevented any significant shift in the inventory situation, keeping the months of supply below one month.
Airdrie records further gains in home prices, as the market conditions continue favouring the seller. The unadjusted standard price touched $511,100, representing a new reported high for the city, as the market is still favouring the seller. Prices have risen across all property types, with the largest gains occuring in the row and apartment condominium sectors.
Cochrane
Sales action in June eased, contributing to the year-to-date fall of 30 percent. Levels are still much higher than any sales level recorded before the pandemic, while the fall seem major. Cochrane is struggling with low inventory levels as major falls in new listings affects consumers options, like other areas.
Constant tight market conditions have supported further gains in home prices. The unadjusted standard price touched $526,500, nearly two percent higher than last months and last year's levels, as of June. This also reflects a new reported high price for the town.
Okotoks
The sales to new listings ratio once again slid above 100 percent, with the 87 sales and 84 new listings. This caused further inventory falls, and the months of supply dropped to 0.7 months, the lowest level ever recorded in June.
The constant tight market conditions have forced prices to rise again in June. The unadjusted standard price touched a reported high of $585,300, reflecting a two percent gain over last month and six percent higher than last year.
2023-07-05T08:44:00-07:002023-07-05T15:15:10-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17240The Modern Touch: Decorating Tips to Update Your Home's Style<img src="https://assets.site-static.com/userfiles/419/image/2023/The_Modern_Touch_Decorating_Tips.jpg" width="800" height="300" alt="A chair with a set of lights in a home" title="The Modern Touch" />
Home decor is an ever-changing and evolving art, and staying on top of the latest trends can help keep your living space looking fresh and stylish. Whether you’re moving into a new home or just looking to update your current decor, there are plenty of ways to give your space a modern touch.
Here are some decorating tips to help update your home’s style and create a welcoming, contemporary atmosphere.
Color Pallete
One of the easiest and most effective ways to update your home’s style is through color. A fresh coat of paint or new throw pillows can completely transform a room. Consider incorporating bold colors, such as jewel tones or pastels, into your decor. Dark navy blues and rich emerald greens are also popular colors in modern decor. If you prefer a more neutral palette, try mixing different shades of white, beige, and gray to create a layered, textured look.
Mixed Materials
Mixing different materials is another popular trend in modern home decor. Consider incorporating metal, wood, glass, and natural fibers such as jute or rattan into your design. This creates a layered and visually interesting space. Look for furniture and accessories that mix different materials, such as a metal and wood coffee table, or a glass and brass pendant light.
Artwork and Accessories
Adding art and accessories to your home is a great way to infuse personality and style into your decor. Consider investing in large-scale artwork or a statement piece that becomes the focal point of the room. Decorative objects, such as vases, sculptures, and decorative bowls, can also add interest and texture to your decor. Don’t be afraid to mix and match different styles and colors to create a cohesive, yet eclectic look.
Lightning
Lighting is an often-overlooked aspect of home decor, but it can have a big impact on the look and feel of a room. Consider incorporating different types of lighting, such as overhead lighting, table lamps, and floor lamps. Pendant lights and chandeliers are also popular choices for modern decor. Look for fixtures that incorporate interesting shapes and materials to add a sculptural element to your decor.
Textiles
Textiles such as rugs, curtains, and throw pillows can add warmth and texture to a room. Consider incorporating different fabrics, such as velvet, linen, and cotton, to create a layered and cozy space. Bold patterns, such as geometric prints or stripes, can also add visual interest to your decor. Look for textiles in rich, warm colors to create a welcoming atmosphere.
Declutter
Finally, decluttering is an important step in creating a modern and welcoming space. Get rid of any items that no longer serve a purpose or don’t bring you joy. This will help create a clean and open space that feels welcoming and relaxed. Invest in storage solutions, such as baskets or shelving, to help keep your space organized and tidy.
In conclusion, updating your home’s style can seem like a daunting task, but it doesn’t have to be. Incorporating modern elements, such as bold colors, mixed materials, and statement artwork, can help give your home a fresh and contemporary look. Remember to layer different textures and fabrics, and don’t be afraid to mix and match different styles and colors to create a cohesive, yet eclectic space. With these tips, you can transform your home into a modern and welcoming sanctuary that reflects your personal style and tastes.
2023-07-03T08:30:00-07:002023-03-16T17:02:11-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:6104What is a Real Property Report<img src="https://assets.site-static.com/userfiles/419/image/2023/What_Is_A_Real_Property_Report.jpg" width="800" height="300" alt="City of Calgary" title="What is a Real Property Report" />
A Real Property Report (RPR) is a legal document that outlines the details of a property's boundaries, structures, and improvements. It is typically prepared by a land surveyor and provides an accurate and detailed picture of the property's physical characteristics. RPRs are an essential tool for anyone involved in the real estate industry, including buyers, sellers, real estate agents, lawyers, and lenders.
RPRs contain information such as the location and dimensions of the property's boundaries, the location of all buildings and structures on the property, and any encroachments or easements. They also indicate the zoning classification of the property and any restrictions or bylaws that apply to the property. This information is essential for anyone who intends to buy or sell a property, as it helps to ensure that all parties are aware of any potential issues or restrictions that may affect the property's value or use.
One of the primary reasons why RPRs are important is that they help to protect buyers from unforeseen liabilities and expenses. For example, an RPR may reveal that a fence or other structure on the property is encroaching onto a neighboring property, which could result in legal action and costly repairs. Without an RPR, buyers may not be aware of such issues and may find themselves responsible for resolving them. Additionally, RPRs can help buyers to avoid purchasing properties that have significant restrictions or zoning issues that could affect their intended use of the property.
Sellers also benefit from having an RPR as it provides them with a complete picture of the property's physical characteristics and can help them to identify any issues that may need to be addressed before listing the property for sale. By addressing these issues ahead of time, sellers can avoid delays or issues during the sale process and may be able to negotiate a better price for the property.
Real estate agents also rely on RPRs to help them market properties effectively and provide accurate information to their clients. By having a complete understanding of a property's physical characteristics, agents can answer their clients' questions more effectively and help them make informed decisions about whether to buy or sell a particular property.
Lenders also use RPRs as part of their due diligence process when considering whether to approve a mortgage or other financing for a property. By reviewing an RPR, lenders can ensure that the property meets their lending criteria and that there are no issues that could impact the value or marketability of the property.
In some cases, municipalities or other government entities may require RPRs as part of the permitting process for new construction or renovations. By having an RPR, property owners can ensure that they are complying with all applicable regulations and that their plans are in line with the property's physical characteristics.
Overall, RPRs are an essential tool for anyone involved in the real estate industry. They provide a complete and accurate picture of a property's physical characteristics, which is essential for buyers, sellers, real estate agents, lawyers, and lenders. By having an RPR, buyers can avoid unforeseen liabilities and expenses, sellers can identify and address issues before listing their property for sale, and real estate agents can market properties more effectively. Lenders can also use RPRs as part of their due diligence process, and property owners can ensure that they are complying with all applicable regulations.
It is important to note that RPRs are not a substitute for legal advice or other professional services, and anyone involved in a real estate transaction should seek out appropriate advice from qualified professionals. However, RPRs are an essential tool for ensuring that all parties have a complete understanding of a property's physical characteristics and any issues or restrictions that may impact its value or use.2023-06-26T10:25:00-07:002023-11-13T20:47:36-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:18177Activities Do To On Canada Day<img src="https://assets.site-static.com/userfiles/419/image/2023/Activites_to_do_on_Canada_Day.jpg" width="800" height="300" alt="Father and Daughter sitting on a lake dock with a Canadian Flag Wrapped around them" title="Canada Day Activities" />
Canada Day Activities
Heritage Park
Heritage Park unlocks a whole new world from the past, bringing you back into the late 1800s to the early 1900s. The park is having a special event celebrating Canada Day on July 1st and the park will be open from 10:00am - 5:00pm. At this event you will get to excperience new activities the park doesn't always have and you can also enjoy the classics as well, such as, riding the ferris wheel or the wagon, visting the museums and so much more. Heritage Park is filled with historical attractions that make every visit memorable and will make a perfect day to spend with your family on Canada Day.
Bowness Canada Day Festival
The Bowness Canada Day Festival is the biggest Canada Day festival in Calgary, located in the heart of Bowness, Calgary NW. This festival is filled with mutiple activities that can entertain anyone, including, an outdoor market, face painting, carnival games and so much more. This festival also attracts some of the hottest food trucks around ranging in many different types of food that will be able to please many. This event is absolutley free of cost for entry, but the food, games, etc will have a cost. Don't miss out on this amazing event and celebrating with fellow Calgarians on one of the biggest days in Canada this year.
Canada Day At Fort Calgary
Fort Calgary typically hosts a special Canada Day event. Home to the Indigenous showcase and powwow and Canada Day amin stage with a line-up of all-canadian musicians. This event also includes food trucks, Asian Heritage cultrual booths, walking tours every hour, Indigineous Artisan Market and many more.
Calgary Zoo
Spend the day at the Calgary Zoo, which often organizes special Canada Day activities. Explore the exhibits, attend educational talks, and enjoy the zoo's unique atmosphere. On Canada Day there will be special suprises all around the park that aren't there all the time, so you won't want to miss out on this special opportunity. If you go to the Zoo on Canada Day you will also be some of the first people to experience the Land of the Lemurs as it reopens on July 1st.
Firework Displays
Several locations in Calgary host fireworks displays on Canada Day. Find out about designated areas, such as Fort Calgary or Elliston Park, and bring a blanket to enjoy the show.
St. Patricks Island Park
Head to St. Patricks Island Park, where the city usually hosts a day-long celebration. Enjoy live music from 3 different stages with multiple different artists. You'll be able to engage in several different activities as well, such as, facepainting, airbrush tattoos, food trucks, activity tents, crafts and so much more.
2023-06-22T08:30:00-07:002023-06-16T13:56:40-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17239From Victorian to Modern: A Guide to Architectural Styles of Homes<img src="https://assets.site-static.com/userfiles/419/image/2023/From_Victorian_To_Modern.jpg" width="800" height="300" alt="A Victorian Home VS a Modern Home" title="From Victorian to Modern" />
Architecture is not only about creating buildings, but it is also a reflection of a society's culture, values, and history. Architectural styles have evolved over time, and homes have not been an exception. From the elaborate and ornate Victorian-style homes to the clean lines of modern architecture, there have been numerous shifts in the design principles that influence the construction of homes. In this article, we will take a closer look at the various architectural styles of homes that have prevailed over the years.
Victoria Style
The Victorian architectural style of homes originated during the reign of Queen Victoria in England between 1837 and 1901. The houses of this era are characterized by their elaborate and ornate details, steep roofs, and asymmetrical shapes. These homes were built with a variety of materials, including brick, stone, and wood, and often featured multiple chimneys, decorative balconies, and wrap-around porches. The interiors were just as ornate, with lavish moldings, intricate staircases, and stained-glass windows.
Colonial Style
Colonial homes originated in the 1600s when the first settlers arrived in America from Europe. These homes were designed with practicality in mind, featuring symmetrical facades, steep roofs, and central chimneys. The exteriors were often made of brick or wood, and the interiors featured simple and functional layouts with minimal decorative details.
Craftsman Style
The Craftsman-style homes emerged in the early 1900s as a backlash against the ornate Victorian-style homes. These homes were designed with functionality and simplicity in mind, featuring low-pitched roofs, wide porches, and large overhanging eaves. The exteriors were typically made of natural materials, such as stone or wood, and the interiors featured open floor plans with built-in cabinetry and handcrafted details.
Art Deco Style
Art Deco-style homes emerged in the 1920s and 1930s and were influenced by the geometric shapes and patterns of the Art Deco movement. These homes were characterized by their sleek lines, flat roofs, and bold geometric shapes. The exteriors were often made of stucco or concrete, and the interiors featured curved walls, geometric patterns, and decorative elements made of metal, glass, and wood.
Mediterranean Style
Mediterranean-style homes originated in the early 20th century and were influenced by the architecture of the Mediterranean region, particularly the countries of Spain and Italy. These homes were characterized by their red tile roofs, stucco exteriors, and arched doorways and windows. The interiors featured high ceilings, ornate moldings, and decorative tile work.
Modern Style
The Modern-style homes emerged in the early 20th century as a response to the ornate and decorative styles that preceded it. These homes were designed with clean lines, simple forms, and functional layouts. The exteriors were often made of steel, glass, and concrete, and the interiors featured open floor plans, large windows, and minimal decorative details.
Contemporary Style
Contemporary-style homes are characterized by their flexible design and often incorporate elements from various architectural styles. These homes are designed to be unique and reflect the personality of the homeowner. They often feature open floor plans, clean lines, and a focus on energy efficiency.
In conclusion, architecture has been an essential part of our history, reflecting the culture, values, and traditions of our society. Homes are no exception, and the various architectural styles that have prevailed over the years have influenced the design and construction of homes. From the elaborate and ornate Victorian-style homes to the clean lines of modern architecture, each style has its unique features and characteristics that reflect the changing tastes and preferences of our society. As we continue to evolve, we can expect to see new architectural2023-06-19T08:30:00-07:002023-06-16T13:49:34-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17307Yeehaw! Saddle Up for Stampede Season in Calgary: Tips and Tricks for a Great Time<img src="https://assets.site-static.com/userfiles/419/image/2023/Saddle_Up_For_Stampede_Season_In_Calgary.jpg" width="800" height="300" alt="A Cowgirl on a horse in a rodeo" title="Saddle up for Stampede season in Calgary" />
Stampede season in Calgary is one of the most exciting times of the year. From the thrilling rodeo events to the delicious food and drinks, there is something for everyone to enjoy. Whether you're a seasoned Stampede veteran or a first-time visitor, here are some tips and tricks for making the most of your time in Calgary during Stampede season.
Plan Ahead
Stampede season is a busy time in Calgary, so it's important to plan ahead to ensure that you get the most out of your experience. Research the events and activities that you're interested in attending and make a schedule for your visit. This will help you to avoid missing out on anything that you really want to see.
Dress for the occasion
One of the best things about Stampede season is the opportunity to dress up in western wear. From cowboy boots and hats to denim and plaid, there are plenty of ways to embrace the western theme. Make sure to wear comfortable shoes and dress in layers, as the weather in Calgary can be unpredictable.
Try the food
No trip to Stampede season in Calgary would be complete without trying some of the delicious food on offer. From traditional Stampede fare like corn dogs and funnel cakes to more unique options like deep-fried butter and pickle-flavored ice cream, there is something for every taste bud. Just be prepared for long lines at some of the more popular food stalls.
Check out the rodeo
The rodeo events are a highlight of Stampede season in Calgary. From bull riding to barrel racing, the athleticism and skill of the riders is truly impressive. Make sure to get your tickets early, as these events often sell out quickly.
Experience the midway
The midway is a hub of activity during Stampede season, with rides, games, and attractions for all ages. Make sure to check out the traditional carnival games like ring toss and balloon darts, and don't miss the chance to ride the iconic Ferris wheel for stunning views of the city.
Visit the Stampede grounds
The Stampede grounds are home to a variety of events and activities during Stampede season, including live music performances, exhibitions, and parades. Make sure to take a stroll through the grounds to soak up the festive atmosphere and see everything that Stampede season has to offer.
Take advantage of free events
There are plenty of free events happening during Stampede season in Calgary, including the daily Stampede Parade, which is one of the largest parades in North America. Other free events include live music performances, outdoor concerts, and cultural demonstrations.
Stay safe
Stampede season can be a rowdy time, so it's important to stay safe and aware of your surroundings. Make sure to drink responsibly and never leave your drink unattended. Keep your belongings close to you and be aware of pickpockets in crowded areas.
Get involved
Stampede season is a great time to get involved in the community and meet new people. Consider volunteering at one of the events or participating in a Stampede-themed race or charity event.
Have fun!
Above all, Stampede season is a time to have fun and enjoy all that Calgary has to offer. Don't take things too seriously and be open to trying new things. With a positive attitude and a sense of adventure, you're sure to have a great time at Stampede season in Calgary.
In conclusion, Stampede season in Calgary is a truly unique and exciting experience. By planning ahead, trying the food, checking out the rodeo, experiencing the midway, visiting the Stampede grounds, taking advantage of free events, staying safe, getting involved, and having fun, you're sure to have a great time at Stampede season in Calgary. So grab your cowboy and head on down to the grounds!2023-06-16T08:15:00-07:002023-03-16T16:29:58-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17238Common Hazards to Avoid in Your Condo Search <img src="https://assets.site-static.com/userfiles/419/image/2023/Common_Hazards_To_Avoid_In_Your_Condo_Search_.jpg" width="800" height="300" alt="Condos with a sky" title="Common Hazrds To Avoid in Your Search" />
If you are in the market for a new condominium, it is important to be aware of some of the common hazards that can arise during the search process. From issues with the building itself to problems with the surrounding area, there are several things that you should keep in mind as you begin your search.
Building Defects
One of the most significant hazards that you may encounter when looking for a condominium is building defects. These can range from minor issues, such as cracked tiles or leaking faucets, to more serious problems like structural damage or faulty electrical wiring. Before you commit to purchasing a condo, it is essential to have a thorough inspection done by a qualified professional. This will help you identify any potential issues and ensure that the building is in good condition.
Poor Management
Another hazard that can arise during your condo search is poor management. This can include things like inadequate maintenance, poor communication with residents, or a lack of transparency when it comes to finances. It is important to research the management company or homeowner's association that oversees the building to ensure that they have a good reputation and a track record of providing high-quality services to residents.
Noise Pollution
Depending on the location of the condominium, noise pollution can be a significant issue. If the building is located near a busy road or a noisy commercial area, you may experience significant disruptions to your daily life. Before you commit to purchasing a condo, it is important to spend some time in the area and get a sense of the noise levels throughout the day and night.
High Condo Fees
High condo fees can have a significatnt impact on your abaiity to resale your conod. High fees couple also be because the condo buiding has had or is having recent issies.
Poor Location
The location of a condominium can also be a significant hazard to be aware of. If the building is located in an unsafe or undesirable area, it can be challenging to find tenants or sell the property in the future. Additionally, if the building is located far from amenities like shops, restaurants, and public transportation, it can make daily life more challenging and inconvenient.
Undisclosed Fees
When purchasing a condominium, it is essential to understand all of the associated fees and expenses. Unfortunately, some sellers may try to hide certain fees or expenses, such as maintenance or renovation fees, to make the property appear more affordable. To avoid this hazard, it is crucial to read the fine print carefully and work with a reputable real estate agent who can help you understand all of the costs associated with the property.
Legal Issues
Finally, there are several legal issues that can arise during the condo search process. For example, the seller may not have clear title to the property, or there may be zoning issues that prevent the building from being used as a residential property. It is important to work with a qualified real estate attorney to ensure that all legal issues are properly addressed before you commit to purchasing a condo.
In conclusion, the condo search process can be exciting, but it is important to be aware of the common hazards that can arise. By doing your due diligence and working with qualified professionals, you can avoid many of these pitfalls and find the perfect condominium for your needs. Remember, buyer beware – always take the time to thoroughly investigate a property before you commit to purchasing it.
2023-06-05T08:30:00-07:002023-03-16T17:01:49-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:18338Celebrating Ukrainian Culture: The Calgary Ukrainian Festival
Calgary Ukrainian Festival
<img src="https://assets.site-static.com/userfiles/419/image/2023/ukranian_festival.png" width="1400" height="788" alt="Calgary Ukrainian Festival 2023" title="Calgary Ukrainian Festival 2023" />
The Calgary Ukrainian Festival is an annual event that showcases the vibrant Ukrainian culture in the heart of Canada. With its rich heritage, traditions, and warm community spirit, the festival has become a significant cultural milestone, attracting visitors from all walks of life. From tantalizing traditional cuisine to mesmerizing music and dance performances, the festival offers a unique experience that celebrates Ukrainian heritage while fostering multicultural understanding and appreciation. This article explores the essence of the Calgary Ukrainian Festival, its highlights, and the impact it has on both the local Ukrainian community and the wider Calgary population.
The Vibrant Ukrainian Culture
Ukrainian culture is renowned for its captivating folklore, lively music, intricate embroidery, and mouthwatering cuisine. The Calgary Ukrainian Festival serves as a gateway to this rich cultural tapestry, inviting attendees to immerse themselves in a colorful display of traditions. Visitors have the opportunity to witness energetic dance performances by talented Ukrainian dance troupes, showcasing the grace and precision of traditional dances such as the Hopak. Traditional music fills the air, with melodic sounds emanating from authentic instruments like the bandura and the tsymbaly. The festival also hosts craft vendors, where attendees can admire and purchase handmade Ukrainian artwork, pottery, and intricately embroidered clothing. Moreover, culinary delights await visitors, with a wide array of Ukrainian dishes, including pierogies, borscht, holubtsi, and pyrizhky, satisfying the taste buds of food enthusiasts.
Cultural Exchange and Multicultural Harmony
One of the primary objectives of the Calgary Ukrainian Festival is to foster cultural exchange and promote multicultural harmony. The festival welcomes people from diverse backgrounds, encouraging them to engage with Ukrainian traditions and gain a deeper understanding of Ukrainian culture. Attendees have the opportunity to participate in workshops, where they can learn Ukrainian embroidery, try traditional dance steps, or even attempt Ukrainian language lessons. The festival provides a space for visitors to interact with the Ukrainian community, fostering dialogue and strengthening bonds between different cultures. By celebrating and sharing Ukrainian customs, the festival contributes to the multicultural fabric of Calgary, enhancing inclusivity and promoting a sense of belonging for all residents.
Family-Friendly Activities
The Calgary Ukrainian Festival is a family-friendly event that offers activities for people of all ages. Children can delight in the Kids Zone, featuring games, face painting, and crafts. Families can enjoy the petting zoo, where they can interact with farm animals and learn about rural life. Additionally, educational exhibits provide insights into Ukrainian history, traditions, and folklore, allowing visitors to deepen their knowledge and appreciation of Ukrainian heritage. The festival's inclusive atmosphere ensures that every member of the family can participate and create lasting memories together.
Preserving Ukrainian Heritage
The Calgary Ukrainian Festival plays a vital role in preserving Ukrainian heritage and passing it on to future generations. By providing a platform for the Ukrainian community to showcase their culture, the festival helps maintain and revitalize traditions that might otherwise fade away. It allows older generations to transmit their knowledge and skills to younger ones, ensuring the continuity of Ukrainian customs, music2023-06-02T13:15:48-07:002023-06-02T14:17:07-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:18337The Delightful Lilac Festival in Calgary: A Blossoming CelebrationThe Delightful Lilac Festival in Calgary: A Blossoming Celebration
<img src="https://assets.site-static.com/userfiles/419/image/2023/lilac_festival_2023.png" width="2240" height="1260" title="Lilac Festival 2023" />
Welcome to the enchanting world of the Lilac Festival in Calgary, a celebration that fills the air with the sweet fragrance of lilacs and brings communities together in a joyous gathering. In this blog post, we will delve into the vibrant tapestry of this remarkable event, exploring its history, attractions, and the unique experiences that await visitors. Join us as we discover the beauty and charm of the Lilac Festival, an annual celebration that showcases the natural wonders and the spirit of community in Calgary.
The Origin and Evolution
The Lilac Festival in Calgary traces its roots back to 1989 when a group of passionate individuals envisioned an event that would celebrate the blooming of the city's beloved lilac bushes. Over the years, this humble gathering has evolved into one of the most eagerly anticipated festivals in the region. Today, the festival spans several blocks along 4th Street in Calgary, transforming the neighborhood into a vibrant hub of activity and showcasing the city's strong community spirit.
A Kaleidoscope of Attractions
At the Lilac Festival, visitors can immerse themselves in a plethora of attractions that cater to all ages and interests. The festival kicks off with a lively and colorful parade, featuring intricately decorated floats, marching bands, and enthusiastic community groups. As the procession weaves through the streets, the energy and excitement are palpable, setting the stage for a day of festivities.
One of the festival's highlights is the artisan market, where local vendors display their crafts, artworks, and unique creations. Strolling through the market, visitors can discover handmade jewelry, intricate pottery, stunning paintings, and much more. It's a wonderful opportunity to support local artisans and find one-of-a-kind treasures.
Music fills the air at the Lilac Festival, with multiple stages hosting live performances throughout the day. From energetic bands to talented solo musicians, the festival showcases the diverse talent that Calgary has to offer. Dance troupes and street performers add an extra dash of entertainment, captivating audiences with their skills and creativity.
Food lovers are in for a treat as the festival boasts a wide array of culinary delights. Local food trucks and vendors offer a mouthwatering selection of cuisines, ranging from international flavors to local favorites. Savoring delicious treats while enjoying the festival's vibrant atmosphere is an experience not to be missed.
Community Engagement and Philanthropy
The Lilac Festival is more than just a celebration of nature and art; it's also an opportunity for the community to come together and make a positive impact. Throughout the festival, numerous nonprofit organizations and community groups set up booths to raise awareness about their causes and engage with festival-goers. From environmental initiatives to social justice campaigns, these organizations contribute to the festival's spirit of community engagement and philanthropy. Visitors can learn about various causes, donate, and actively participate in creating positive change.
The Lilac Festival in Calgary is an extraordinary celebration that showcases the city's vibrant spirit and love for nature. With its rich history, diverse attractions, and a strong sense of community, the festival is a testament to Calgary's cultural richness and its commitment to preserving and celebrating natural beauty. Whether you're an art enthusiast, a food lover, or simply seeking a joyful day out, the Lilac Festival offers something for everyone. So mark your calendars and join in the festivities as Calgary comes alive with the breathtaking beauty of lilacs and the warmth of community spirit.2023-06-02T12:54:50-07:002023-06-02T13:15:39-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:18334Calgary Real Estate Market Report: May 2023 | Insights and Trends <img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Stats_May_2023.jpg" width="800" height="300" alt="The city of calgary at night time" title="Calgary Real Estate Statistics May 2023" />
Calgary Real Estate Market Report
In the Calgary real estate market, thanks to a significant gain in Calgary apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.
At the same time, we continue to see fewer new listings on the market than last year, causing inventory levels to fall. With a sales-to-new-listings ratio of 85 percent and months of supply of one month, conditions continue to favor the seller, placing further upward pressure on home prices.
“Calgary’s housing market continues to exceed expectations with the recent gain in sales activity this month,” said CREB® Chief Economist Ann-Marie Lurie. “The higher interest rate environment and recent rental rate gains have driven more consumers to seek apartment condominium units. In addition, the recent rise in new apartment listings has provided enough options to support the sales gain. Calgary continues to benefit from the relatively healthy job market and recent population growth, keeping housing demand strong across all property types.”
View all <a href="https://www.calgarylistings.com/calgary-real-estate-listings/">Calgary Homes for Sale</a>
<img src="https://assets.site-static.com/userfiles/419/image/detached.jpg" width="800" height="300" alt="Calgary Detached Homes " />
Calgary Detached Homes
Detached homes in the Calgary real estate market saw rising sales for homes priced above $600,000, but it was not enough to offset declines in the lower price ranges. May sales reached 1,486, showing a year-over-year decline of eight percent. New listings continue to fall for homes priced below $700,000, providing limited choices for consumers seeking lower-priced detached homes. While new listings did improve for higher-priced properties, the relatively strong demand kept conditions tight across all price ranges, driving further price gains.
In May, the detached benchmark price in the Calgary real estate market reached $674,000, nearly two percent higher than last month and over four percent higher than last year’s peak price of $647,000. Each district reported a new record high price this month, with year-over-year gains ranging from a high of 12 percent in the East District to a low of two percent in the City Centre.
<img src="https://assets.site-static.com/userfiles/419/image/semidetached.jpg" width="800" height="300" alt="Semi Detached Calgary Homes" />
Calgary Semi-Detached Homes
Sales of semi-detached homes in the Calgary real estate market also rose to near-record highs for the month. However, with 279 sales and 269 new listings this month, inventories fell, and the months of supply dropped below one month.
The exceptionally tight conditions in the Calgary real estate market caused further price gains, pushing prices above $600,000 for the first time. This is the seventh consecutive month where prices have trended up, and as of May, levels are over three percent higher than last year’s monthly peak. Like the detached sector, each district in the Calgary real estate market reported new record high prices in May. However, the strongest year-over-year gains occurred in the most affordable East district at nearly 12 percent.
View all <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=3300218">Calgary Semi-Detached Homes for Sale</a>
<img src="https://assets.site-static.com/userfiles/419/image/row.jpg" width="800" height="300" alt="Calgary Row Townhomwa" />
Calgary Townhomes/Row Housing
In the Calgary townhomes/row housing segment of the Calgary real estate market, new listings in May improved over levels seen earlier in the year. But thanks to monthly gains in sales, the sales-to-new listings ratio remained exceptionally high at 89 percent, preventing any significant shift in the low inventory situation. While sales activity is still lower than last year’s levels, this is likely related to the lack of supply in this segment of the market. Inventory levels are down 50 percent compared to last year.
With less than one month of supply in the Calgary real estate market, it is not surprising that prices continue to rise. In May, the benchmark price reached $390,500, a two percent gain over last month and nearly nine percent higher than last year's peak price of $359,600. Row prices rose across all districts, with year-over-year gains exceeding 15 percent in the city's North East, South, and East districts. The slowest price gains occurred in The City Centre, North West, and South East at rates of over seven percent.
View all <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=3300222" title="Calgary Townhomes for Sale">Calgary Townhomes for sale</a>
<img src="https://assets.site-static.com/userfiles/419/image/2023/Apartment_Condominium.jpg" width="800" height="300" alt="Calgary Apartment Condo " />
Calgary Apartment Condominiums
In the Calgary apartment condominium segment of the Calgary real estate market, sales in May reached 858 units, showing a year-over-year gain of 36 percent and reaching a new record high for year-to-date sales. Stronger sales were possible thanks to the recent gains in new listings. There were 1,025 new listings in May, reflecting an 8 percent year-over-year increase. Despite the gain in new listings, the sales-to-new listings ratio remained high at 84 percent, preventing any significant shift in inventory levels. As a result, inventory levels remained 23 percent lower than what was available in the market in May 2022. The rising sales and low inventories kept the months of supply low at just over one month.
Persistently tight conditions in the Calgary real estate market drove further price gains in May. The unadjusted benchmark price reached $298,600, representing a monthly gain of over one percent and a year-over-year gain of nearly 11 percent. The recent growth has finally caused unadjusted apartment condominium prices to return to 2014 levels. Unlike other areas, not all districts in the Calgary real estate market reported a new record high price. The only areas to report a full recovery were the North, North West, West, and South East districts. Overall year-over-year price growth in the Calgary real estate market ranged from a high of 16 percent in the North District to a low of 10 percent growth in the City Centre.
View all <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=3300226" title="Calgary Apartment Condos for Sale">Calgary Apartment Condos for Sale </a>
Regional Market Facts
Airdrie
Limited supply choice continues to weigh on sales activity in Airdrie in the Calgary real estate market. In May, there were 260 new listings and 225 sales, keeping the sales-to-new listings ratio high at 87 percent and preventing any significant shift in inventory levels. However, with less than one month of supply, conditions are tighter than they were last year at this time.
Persistently tight conditions caused prices to trend up for the fifth consecutive month in the Airdrie market. The benchmark price reached $502,900 in May, remaining shy of the record high of $504,200 achieved in April 2022. While total residential prices have not reached new record highs, detached home prices have reached a new record with a benchmark price of $587,200.
View All <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=1324928" title="Airdrie Homes for Sale">Airdrie Homes for Sale</a>
Cochrane
Like other markets in the Calgary real estate market area, the limited level of new listings is preventing stronger sales activity in Cochrane. In May, 135 new listings came onto the market, and there were 122 sales, keeping the sales-to-new listings ratio elevated at 90 percent. While inventory levels are still higher than last year’s, they are still exceptionally low for this time of year, leaving the months of supply just above one month in May.
The persistently tight conditions in the Cochrane market caused prices to trend up for the fourth consecutive month. While the benchmark price of $515,600 remains below the monthly high of $517,900 achieved in June 2022, should conditions continue to remain this tight, we could see further upward pressure on home prices over the next several months.
View all <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=1324931">Cochrane Homes for Sale</a>
Okotoks
Like other markets in the Calgary real estate market, low levels of new listings are limiting sales activity in Okotoks. In May, new listings reached 87 units, and with 76 sales, the sales-to-new listings ratio pushed above 87 percent. This also prevented any significant shift in inventory levels, and the months of supply once again dropped below one month.
Persistently tight market conditions caused prices to trend up for the fifth consecutive month in Okotoks. With a benchmark price of $575,900, prices are nearly four percent above last year’s levels and at a new record high in the Calgary real estate market.
View all <a href="https://www.calgarylistings.com/property-search/results/?searchtype=2&searchid=3251099" title="Okotoks Homes for Sale">Okotoks Homes for Sale</a>2023-06-02T09:56:20-07:002023-06-04T13:13:02-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:18123Gift Ideas for Father's Day<img src="https://assets.site-static.com/userfiles/419/image/2023/Gift_Ideas_For_Fathers_Day.jpg" width="800" height="300" alt="A Father and Son pictured together " title="Gift Ideas For Fathers Day" />
Gift Ideas For Fathers Day
<img src="https://assets.site-static.com/userfiles/419/image/2023/Art_Of_Shaving.jpg" width="800" height="300" alt="Barber tools on a table" title="Art Of Shaving" />
Art Of Shaving
Art of Shaving is a shaving line filled with a variety of great products and can be the right gift to give your father for Father's Day. These products include shaving cream, razors, soaps, brushes, and so much more. Products like these can be located at Tommy Guns Barber Shop, which the city of Calgary has several Tommy Guns Barber Shops. Tommy Guns not only sells Art of shaving, but has other great barber lines of products you can choose from to give to your father to make the perfect Fathers day gift.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Golf_Supplies.jpg" width="800" height="300" alt="Golf Balls on grass" title="Golf Supplies" />
Golf Supplies
The golf season has finally tee'd off and everyone is super excited, especially the Fathers. If your Father enjoys golf as a hobby then gifting him golf supplies is a great way to go. You can find golf supplies at many different stores located in Calgary, such as, Source for sports, Sport Chek, Golftown, Golf Traders, Modern Golf and so much more. Giftable golf supplies can include many different objects, such as, tees, golf balls, clothing, golf tools and many more, you could also purchase a round of golf for your father as well.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Cologne_Fathers_Day.jpg" width="800" height="300" alt="Cologne and a suit tie" title="Cologne" />
Cologne
Another fantastic gift idea for Fathers day is gifting them a new cologne. Now you can go two ways with this, you can either buy them a full size of cologne or a great strategy to do is get a sample package of cologne. Then have them test out the sample package and whatever one they like best you can give them again another time. Cologne can be found at any large stores, such as Walmart, Shoppers, London Drugs, Hudson's Bay and many more.
<img src="https://assets.site-static.com/userfiles/419/image/2023/le_Price_55.jpg" width="800" height="300" alt="Picture frames on a wall" title="Picture Frame" />
Picture Frame
One of the best gifts of all for any individual is receiving pictured memories to keep forever. It's a pretty simple gift to create, but holds a lot of meaning and you can choose any picture of your liking. You can select the photo or photos you want to print off and you can go to any local walmart photo centre in Calgary. Once you have them printed off you can purchase the right sized frame for the photo or photos and then you are set to go and gift it to your Father for Fathers day.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Launch_Pad_Golf.jpg" width="800" height="300" alt="Golf Balls and a Golf Club on grass" title="Launch Pad Golf" />
Launch Pad Golf
Launch Pad golf is an exciting activity to do together as a family that any Father would enjoy. There are two different Launch Pads, one is located in Heritage Pointe, on the South end of Calgary and the other is located at Michaelson Golf Course on the NorthWest side of Calgary. At the Launch Pad you can enjoy golfing in the coolest way, while also enjoying drinks and food as well.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Yeti_Cup.jpg" width="800" height="300" alt="Yeti Water Bottles" title="Yeti Water Bottles" />
Yeti
Yeti Water Bottles are some of the best water bottles to purchase to date and make as a great gift idea. They come in a variety of sizes, colours and different types of bottles as well. Yeti also has Yeti Coolers, they are a little more on the expensive side, but would make an awesome gift for any camping Father out there. You can find Yeti Water Bottles in almost any store possible, such as Cabelas, SportChek, Walmart, Homehard Ware, Source For Sports and so much more. These water bottles are some of the best out there right now and would make an amazing Fathers Day gift.
2023-06-01T09:00:00-07:002023-05-29T13:41:50-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17233Boost Your Home's Value: Smart Improvements to Make Before Selling<img src="https://assets.site-static.com/userfiles/419/image/2023/Boost_Your_Homes_Value.jpg" width="800" height="300" alt="A small house" title="Boost your Homes Value: SMart Improvements Before Selling" />
If you're planning to sell your home, you'll want to get the best possible price for it. One way to increase your home's value is by making some smart improvements that will attract potential buyers and make your home stand out from the competition. Here are some ideas for smart improvements you can make before selling your home.
Improve Curb Appeal
The first impression is crucial when it comes to selling your home. So, it's essential to make your home's exterior look as attractive as possible. Start by tidying up your yard and garden, trimming trees and bushes, and mowing the lawn. Planting some flowers or adding potted plants can also make a big difference. Consider painting your front door or replacing it with a new one, adding new light fixtures, and upgrading your mailbox. These simple improvements can increase your home's curb appeal and make it more appealing to potential buyers.
Update The Kitchen
The kitchen is often considered the heart of the home, and it's one of the most important rooms for buyers. If your kitchen is outdated, it can turn off potential buyers. You don't need to do a complete renovation, but making some upgrades can make a big difference. Consider replacing old appliances with new ones, upgrading the countertops, and adding a backsplash. You can also consider painting or refacing cabinets if they are in good condition. These updates can make your kitchen look more modern and attractive to buyers.
Add a Fresh Coat of Paint
A fresh coat of paint is one of the most cost-effective ways to update your home's appearance. It can make your home look cleaner, brighter, and more inviting. Choose neutral colors that will appeal to a wide range of buyers. Avoid bold or trendy colors that may turn off potential buyers.
Update The Bathroom
The bathroom is another essential room for buyers, and an outdated or dingy bathroom can be a turn-off. Simple upgrades like replacing the vanity, upgrading the fixtures, and adding new tile can make a big difference. Consider installing a new shower or bathtub if the current one is outdated. You can also replace the toilet or add a new mirror and lighting to improve the overall look of the bathroom.
Make Energy-Efficient Upgrades
Energy-efficient upgrades can not only save you money on your utility bills but also make your home more appealing to buyers. Consider adding insulation to your attic, installing a programmable thermostat, or replacing old windows with energy-efficient ones. These upgrades can make your home more comfortable and reduce energy costs for the new homeowners.
Add Storage
Buyers are always looking for storage space, so adding more storage can be a smart investment. Consider adding shelving or cabinets to the garage, basement, or laundry room. You can also add closet organizers to make the most of existing closet space. These improvements can make your home feel more spacious and organized, which is always appealing to buyers.
Update Flooring
Flooring is another essential feature that buyers look for in a home. If your flooring is outdated or in poor condition, consider updating it. Hardwood floors are always a popular choice, but they can be expensive. Consider laminate or vinyl plank flooring as a more affordable option. Carpeting can also be updated, but it's best to choose neutral colors and high-quality materials.
In conclusion, making smart improvements before selling your home can help you get a better price and make your home more appealing to potential buyers. Improving curb appeal, updating the kitchen and bathroom, adding a fresh coat of paint, making energy-efficient upgrades, adding storage, and updating flooring are all smart investments that can pay off in the long run. Remember to choose neutral colors and materials that will appeal to a wide range of buyers, and focus on making your home look clean, bright,
2023-05-29T09:00:00-07:002023-03-13T15:08:09-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17232The Rising Trend of Eco-Friendly Homes: What You Need to Know<img src="https://assets.site-static.com/userfiles/419/image/2023/The_Rising_Trend_Of_EcoFriendly_Homes.jpg" width="800" height="300" alt="A little house on greenery" title="The Rising Trend Of Eco-friendly Homes" />
Eco-friendly homes have been gaining popularity in recent years as people have become more aware of the impact of their actions on the environment. These homes are designed to minimize their carbon footprint by utilizing sustainable materials, renewable energy sources, and energy-efficient appliances. With the rising trend of eco-friendly homes, many homebuyers are considering this option when searching for a new home.
One of the biggest benefits of eco-friendly homes is the reduced environmental impact. These homes are designed to be energy efficient, which means they use less energy to operate than traditional homes. This results in a reduced carbon footprint and helps to lower the overall impact on the environment. Additionally, many eco-friendly homes utilize sustainable materials in their construction, such as bamboo, recycled plastic, and reclaimed wood. This helps to reduce waste and lower the overall environmental impact of the building process.
Another benefit of eco-friendly homes is the potential for cost savings. While the initial cost of building or buying an eco-friendly home may be higher, the long-term savings can be significant. Energy-efficient appliances and lighting, along with proper insulation and ventilation, can result in lower energy bills. Additionally, many governments offer incentives and rebates for homeowners who invest in eco-friendly homes, further reducing the cost of ownership.
However, there are also some drawbacks to eco-friendly homes. One of the biggest challenges is the initial cost. Building or buying an eco-friendly home can be more expensive than a traditional home. Additionally, finding eco-friendly materials and contractors with experience in eco-friendly construction can be a challenge, which can lead to higher costs.
Maintenance can also be an issue with eco-friendly homes. While many eco-friendly materials are durable and long-lasting, others may require specialized maintenance or replacement. For example, solar panels may require periodic cleaning or replacement of components, which can be costly.
Another potential issue with eco-friendly homes is the availability of resources. While many communities are working to improve access to sustainable resources, it can still be difficult to find eco-friendly options for things like cleaning products, furniture, and appliances. Additionally, some areas may not have access to renewable energy sources like wind or solar power, which can limit the options for eco-friendly homes in those areas.
Overall, the rising trend of eco-friendly homes is an important step towards a more sustainable future. While there are some challenges to consider, the benefits of reduced environmental impact and potential cost savings make eco-friendly homes an attractive option for many homebuyers. By working with experienced contractors and designers, and taking advantage of available incentives and resources, homeowners can make their eco-friendly dreams a reality.2023-05-22T08:52:00-07:002023-03-09T15:19:01-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17231Renting vs. Buying: Which Option is Best for You?<img src="https://assets.site-static.com/userfiles/419/image/2023/Renting_VS_Buying.jpg" width="800" height="300" alt="A House on a hill with a sunset" title="Renting vs Buying: Which is the best option for you?" />
When it comes to finding a place to call home, the decision to rent or buy is one that many people face. Both options have their own advantages and disadvantages, and it's important to weigh them carefully before making a decision. In this article, we'll explore the pros and cons of renting versus buying to help you determine which option is best for you.
Pros Of Renting:
Flexibility: One of the main advantages of renting is the flexibility it provides. Renters have the ability to move more easily if their job or lifestyle changes, without the financial burden of selling a home.
Lower Upfront Costs: Renting typically requires a lower upfront cost than buying a home. Renters typically only need to pay a security deposit and first month's rent, while homebuyers must pay a down payment, closing costs, and other fees.
Fewer Maintenance Responsibilities: Renters are generally not responsible for major repairs and maintenance, as those are typically the landlord's responsibility.
Amenities: Many rental properties offer amenities such as gyms, pools, and common areas that would be expensive or difficult to have in a home you own.
Cons Of Renting:
Lack of Equity: One of the biggest downsides of renting is that you're not building equity in a property. When you rent, your monthly payment goes towards paying the landlord's mortgage rather than building your own equity.
Limited Control: Renters have limited control over their living situation, as they must follow the rules set by the landlord. This can include restrictions on pets, decorations, and other aspects of the property.
Rent Increases: Renters are subject to rent increases when their lease is up, which can be unpredictable and cause financial strain.
No Tax Benefits: Renters don't get the tax benefits associated with homeownership, such as mortgage interest deductions and property tax deductions.
Pros Of Buying:
Building Equity: Buying a home allows you to build equity in a property, which can provide a valuable asset for the future.
Control: Homeowners have more control over their living situation, as they can make changes to the property and have more freedom to make it their own.
Stability: Owning a home provides a sense of stability and security, as you're not subject to rent increases or the possibility of having to move at the end of a lease.
Tax Benefits: Homeowners can take advantage of tax benefits such as mortgage interest deductions and property tax deductions.
Cons Of Buying:
Higher Upfront Costs: Buying a home typically requires a higher upfront cost than renting. Homebuyers must pay a down payment, closing costs, and other fees.
Maintenance Costs: Homeowners are responsible for all maintenance and repairs, which can be costly and time-consuming.
Less Flexibility: Owning a home can make it more difficult to move if your job or lifestyle changes, as selling a home can be a lengthy and complicated process.
Market Fluctuations: The value of a home can fluctuate with changes in the real estate market, which can affect the value of your investment.
In conclusion, the decision to rent or buy depends on a variety of factors, including your financial situation, lifestyle, and future goals. Renting provides flexibility and lower upfront costs, while buying allows you to build equity and provides stability and tax benefits. Ultimately, it's important to carefully consider your options and make the decision that's right for you.2023-05-15T08:50:00-07:002023-03-09T15:18:40-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17230The Pros and Cons of Buying a Fixer-Upper Home<img src="https://assets.site-static.com/userfiles/419/image/2023/Pros_And_Cons_Of_Buying_A_Fixer_Upper.jpg" width="800" height="300" alt="People in side a Fixer-Upper home discussing" title="Pros and Cons of Buying a Fixer-Upper" />
Buying a fixer-upper home can be an appealing option for those looking to purchase a property on a budget, or for those who want to customize their home to their liking. However, it's important to weigh the pros and cons before making a decision.You certainly do not want to purchase a fixer upper home without knowing the pros and cons involved with your purchase. In this article, we'll explore the benefits and drawbacks of buying a fixer-upper home.
Pros:
Lower Purchase Price: Fixer-upper homes are often sold at a lower price than move-in ready homes, allowing buyers to get more value for their money. This can be especially appealing for first-time homebuyers who may not have a large budget.
Customization: Buying a fixer-upper home provides an opportunity for buyers to customize their home to their liking. From selecting paint colors to choosing new fixtures and finishes, buyers can create the home of their dreams.
Increased Property Value: With the right renovations and upgrades, a fixer-upper home can increase in value over time. This can result in a higher return on investment if the home is sold in the future.
Learning Experience: Buying a fixer-upper home can be a valuable learning experience, especially for those interested in home renovation and design. Homeowners can develop valuable skills and knowledge while working on their home.
Cons:
Higher Renovation Costs: The cost of renovating a fixer-upper home can be significantly higher than the initial purchase price. Buyers should budget for unexpected expenses and be prepared for the cost of hiring professionals to complete certain renovations.
Time-Consuming: Renovating a fixer-upper home can be a time-consuming process, requiring a significant investment of time and energy. Buyers should be prepared to invest a considerable amount of time into their home renovation project.
Potential Safety Hazards: Fixer-upper homes may have safety hazards such as asbestos, lead paint, or mold, which can be costly and time-consuming to address. Buyers should hire a professional home inspector to identify any potential hazards before making a purchase.
Financing Challenges: Traditional mortgage lenders may be hesitant to finance a fixer-upper home, as the property may not be in move-in ready condition. Buyers may need to consider alternative financing options such as renovation loans or cash.
Relationship Strain: One consideration you may not have thought about is the strain renovating a home can place on a relationship. If you are in a relationship and planning to do the renovation together, you should ensure there are no other major events in your lives that could further strain you relationship. Make sure to have a conversation to better understand who will be responsible for what parts of your renovation.
In conclusion, buying a fixer-upper home can be a great option for those who are willing to put in the time and effort to create their dream home. However, it's important to carefully consider the potential drawbacks, such as higher renovation costs and potential safety hazards. By weighing the pros and cons, buyers can make an informed decision and ensure a successful home renovation project.2023-05-08T08:42:00-07:002023-03-14T14:26:13-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17951Calgary Real Estate Statistics April 2023<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Real_Estate_Stats_Apr_2023.jpg" width="800" height="300" alt="City of Calgary with title for Statistics" title="Calgary Real Estate Statistics Apr 2023" />
Prices reach new record high
Constant seller's market conditions forced further upward pressure on home prices in the month of April. The total unadjusted standard price touched $550,800, nearly two per cent higher than last month and a new monthly recorded high for the city, after just four months of constant gains.
"While sales activity is performing as expected, the steeper fallback of new listings has ensured that supply levels remain low" said CREB Chief Economist Ann-Marie Lurie. "The limited supply choice is causing more buyers to place offers above the list price, contributing to the stronger than expected gains in home prices."
Sales touched 2,690 units compared to 3,133 new listings, in the month of April. Inventories had fallen by 34 percent compared to last year and are over 45 per cent below long-term averages for April, with a sales-to-new-listings ratio of 86 per cent.
The steep fall in supply has forced the month's supply to ease to just over one month, wholesalers have eased by 21 percent compared to last year in 2022. This reflects together market conditions earlier in the year compared to conditions recorded last April.
<img src="https://assets.site-static.com/userfiles/419/image/detached.jpg" width="800" height="300" alt="Detached Home" title="Detached" />
Detached
With the most significant falls occurring for the homes prices below $700,000, new listings have eased across all price ranges in the detached market. The fall in new listings far outpaced the fallback in sales, forcing the sale-to-new listings ratio to rise to 88 percent and the month's supply to fall to just over one month, tighter than both last year and last month.
The constant tight market conditions have contributed to further price gain. The detached standard price touched a new reported high at $661,900, in the month of April. Every district, excluding the City Centre, has recorded a new reported high price in April. The City Centre is also the only district that recorded over two months of supply. With a year-over-year gain of 6 per cent, the most affordable East district recorded the largest price gain.
<img src="https://assets.site-static.com/userfiles/419/image/semidetached.jpg" width="800" height="300" alt="Semi-detached Home" title="Semi-detached" />
Semi-Detached
The sales to new listings ratio jumped to 89 per cent, with 234 sales and 264 new listings in the month of April. This forced further falls in inventory levels, which are at the lowest April has seen since the year 2007. As conditions remain more restricted that last year, it is not a surprise to see larger price growth.
The unadjusted standard price in April touched a new reported high at $593,200, reflecting a two per cent gain over last month's and last year's prices. The strongest gains occurred in the most affordable North East and East districts, while all districts posted a new reported high price this month.
<img src="https://assets.site-static.com/userfiles/419/image/row.jpg" width="800" height="300" alt="Row/Townhouse home" title="Row/Townhouse" />
Row
Row homes battled the tightest market conditions in the month of April, with a sales-to-new-listings ratio of 95 per cent and months of supply under one month. Row sales have eased over last April's reported high, but the 416 sales activity is still far stronger than long-term trends. Relative affordability has helped the strong demand in this sector, However the constant tight market conditions have placed significant force on the home prices.
The standard price touched a new reported high of $387,400, over seven per cent higher than last year, after four constant monthly gains.The steepest price growth occurred in the most affordable districts of the North East, East and South, like other areas.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Apartment_Condominium.jpg" width="800" height="300" alt="Apartment & Condominium" title="Apartment & Condominium" />
Apartment Condominium
The Apartment Condominium sector was the only division to see sales activity rise over last year's levels, thanks to the boost in new listings in the month of April. Inventories did go up over the past month but continued below the levels recorded last year at this time, with 953 new listings and 734 sales. With a sales-to-new-listings ratio of 77 percent and a months of supply of 15, conditions are not as tight as other property types in the city, However, this stil reflects seller's market conditions and has been driving up prices.
The unadjusted standard price touched $299,400, a significant gain over the $277,600 recorded at the start of the year and over 10 percent higher than last April, as of this month. Prices are now just short of the previous high recorded in 2014, following four months of constant gains. While price gains across all districts have not resulted in a new city-wide record, the North, North West and South East recorded new highs in April.
Regional Market Facts
Airdrie
New listings eased, forcing the sale-to-new listings ratio to once again push near 100 percent, and inventories fell to the lowest April recorded since 2007, while sales in Airdrie went up compared to last month. While conditions are not as tight as last April, with one month of supply, conditions remain to favour the seller.
Limited choice compared to demand contributed to the upward force on home prices compared to earlier this year. The standard price touched $502,000 an improvement from the $480,200 recorded in January, but nearly two per cent below April 2022 reported high of $510,700 as of April.
Cochrane
April's sales to new listings ratio rose to 98 per cent, with 114 sales and 116 new listings. While inventories are still higher than what was recorded in the market last year, with nearly all new listings selling, inventories fell down over levels seen earlier in the year, with 114 sales and 116 new listings. With only 142 units available , the months supply dropped to just over one month, ensuring the market remains to favour the seller.
Recently renewed tight market conditions contributed to the third consecutive monthly price gain, and the standard price helped push up to $509,600 in April. However, despite the monthly gains, prices continue nearly two per cent below last April, and the peak price of $522,600 touched in June of last year.
Okotoks
Supporting some monthly gains in inventory levels, both sales and new listings trended up in April over levels seen earlier in the year. Although, levels are 66 per cent below the long-term trends for the month and reflect the lowest April since 2006, with only 67 units in inventory.
We have seen more upward force on home prices in the town, with just over one month of supply that has persisted for the past three months. As of April, the unadjusted standard price touched $577,300, nearly five per cent higher than last April and a new record high.
2023-05-02T10:51:40-07:002023-05-02T18:20:11-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17373Rise and Shine: Calgary's Must-Try Brunches<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary's_Must_Try_Brunch_Places.jpg" width="800" height="300" alt="A table fill with brunch food, with sparkles and a blue picnic blanket" title="Rise and Shine: Calgarys must try brunches places" />
When it comes to the most important meal of the day, breakfast is often touted as the king. But for those who like to sleep in or have a leisurely morning, brunch is the perfect solution. Calgary is a city that takes its brunch seriously, with an abundance of restaurants and cafes offering delicious and innovative dishes to satisfy any craving. Here are some of Calgary's must-try brunch spots.
OEB Breakfast Co.
If you're looking for a brunch spot that takes breakfast classics to the next level, OEB Breakfast Co. is the place to go. With multiple locations across the city, OEB is known for its creative takes on traditional dishes, such as the Breakfast Poutine, which features crispy potatoes topped with cheese curds, hollandaise, bacon, and a fried egg. For those with a sweet tooth, the French Toast Fondue is a must-try, with brioche toast sticks and a bowl of warm maple syrup for dipping.
Yellow Door Bistro
Located inside the Hotel Arts, Yellow Door Bistro offers a sophisticated brunch experience with a menu that focuses on locally-sourced and seasonal ingredients. The Avocado Toast is a standout dish, featuring avocado, goat cheese, and poached eggs on sourdough bread. The Eggs Benny is another favorite, with a choice of smoked salmon or bacon, and a unique dill hollandaise sauce.
Monki Bistro
For a cozy and inviting brunch spot, head to Monki Bistro in Inglewood. The menu features dishes that blend international flavors with classic brunch fare, such as the Korean Fried Chicken and Waffles, and the Croque Madame, a French-style grilled ham and cheese sandwich topped with a fried egg. Be sure to save room for the Monki Breakfast Sundae, a dessert-like dish that features layers of yogurt, granola, fresh fruit, and house-made raspberry coulis.
Dairy Lane Cafe
Located in the vibrant neighborhood of West Hillhurst, Dairy Lane Cafe is a popular brunch spot that has been serving up delicious dishes for over 60 years. The menu features classic breakfast items with a twist, such as the Huevos Rancheros, which comes with chorizo, black beans, and house-made salsa, and the Breakfast Poutine, with tater tots, cheese curds, and gravy. Don't miss out on the house-made cinnamon buns, which are large enough to share but so delicious you may not want to.
Native Tongues Taqueria
For those who prefer a savory brunch, Native Tongues Taqueria offers a Mexican-inspired brunch menu with plenty of bold flavors. The Chorizo and Egg Tacos are a standout, with spicy chorizo, scrambled eggs, and avocado crema on house-made corn tortillas. The Huevos Rancheros are another favorite, with a spicy tomato sauce, refried beans, and sunny-side-up eggs.
Phil & Sebastian Coffee Roasters
While not technically a brunch spot, Phil & Sebastian Coffee Roasters offers some of the best pastries and baked goods in the city, making it the perfect spot for a quick breakfast or brunch on the go. The Croissant Breakfast Sandwich is a popular choice, with egg, bacon, and cheese on a flaky croissant. Pair it with a perfectly crafted latte or cappuccino for the ultimate morning pick-me-up.
The Beltliner
Located in Calgary's historic Beltline neighborhood, The Beltliner offers a classic diner-style brunch with a modern twist. The menu features a wide variety of dishes, from the classic Eggs Benny to the more unique Breakfast Grilled Cheese, which is stuffed with scrambled eggs, bacon, and cheddar cheese. The restaurant also offers a build-your-own Caesar bar, where guests can customize their own Caesar cocktails with a variety of garnishes and spices.
The Nash
For a more upscale brunch experience, The Nash in Inglewood is the perfect choice. The restaurant offers a refined menu with dishes that showcase the best of Alberta's local produce and meats. The Shakshuka, a Middle Eastern dish of poached eggs in a spicy tomato sauce, is a standout, as is the Chicken and Waffles, which comes with a smoked honey butter and a side of coleslaw. The Nash's brunch cocktails are also not to be missed, with inventive takes on classic drinks like the Mimosa and the Caesar.
Yum Bakery and Bistro
If you're looking for a cozy and welcoming brunch spot, Yum Bakery and Bistro in the neighborhood of Tuxedo Park is a hidden gem. The menu features classic brunch dishes made with high-quality ingredients, such as the Eggs Benny with smoked salmon, and the Breakfast Sandwich with avocado and bacon. The bakery side of the restaurant offers an array of freshly baked pastries and breads, as well as delicious cakes and desserts.
In conclusion, Calgary's brunch scene is diverse and exciting, with something for every taste and budget. Whether you're in the mood for classic breakfast dishes with a twist, international flavors, or creative takes on brunch favorites, Calgary's must-try brunch spots will not disappoint. So rise and shine, and start your day off right with a delicious brunch in one of Calgary's top restaurants.
2023-05-01T09:30:00-07:002023-03-16T16:24:20-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17229Discovering Calgary's Shopping Districts: Where to Find the Best Fashion, Food, and Gifts <img src="https://assets.site-static.com/userfiles/419/image/2023/Discover_Calgarys_Shopping_Districts.jpg" width="800" height="300" alt="Person Holding shopping bags" title="Discover Calgarys Shopping Districts" />
Calgary is a shopper's paradise, with a variety of districts offering unique shopping experiences for every taste and budget. From trendy boutiques to sprawling malls, here are some of the best shopping districts in Calgary:
17th Avenue SW: Fashion and Food
Known as the "Red Mile," 17th Avenue SW is a bustling street in the heart of the city that's lined with trendy boutiques, bars, and restaurants. This is the place to go for high-end fashion, with stores like Aritzia, Gravity Pope, and Kit and Ace. You can also find unique gifts and home decor at stores like West Elm and Vine Arts. When you need a break from shopping, stop at one of the many restaurants or cafes for a bite to eat.
Inglewood: Local and Unique
Inglewood is a historic neighbourhood just east of downtown that's known for its eclectic shops and local businesses. Here you'll find everything from vintage clothing to handmade jewelry to artisanal chocolates. Some must-visit shops include Silk Road Spice Merchant, Plant, and Crown Surplus. Inglewood also has a great food scene, with plenty of options for coffee, brunch, and dinner.
Kensington: Hip and Trendy
Kensington is a vibrant neighbourhood located just north of downtown that's known for its trendy shops and independent businesses. Here you'll find everything from designer clothing to vinyl records to handmade soap. Some notable stores include Purr, a boutique that specializes in women's clothing and accessories, and Pages Books on Kensington, a beloved independent bookstore. When you're ready for a snack, check out the many cafes and restaurants in the area.
Stephen Avenue: Downton Shopping
Stephen Avenue is a pedestrian-only street that runs through downtown Calgary, and it's a great place to go for shopping and dining. Here you'll find stores like Hudson's Bay, Simons, and Indigo, as well as a range of local boutiques and gift shops. There are also plenty of restaurants and cafes to choose from, making it a great spot for a day of shopping and exploring.
Chinook Centre: Mall Shopping
Chinook Centre is one of Calgary's largest shopping malls, with over 250 stores and services. Here you'll find all your favourite brands, from H&M to Sephora to Apple. The mall also has a range of dining options, from fast food to sit-down restaurants. If you're looking for a one-stop shopping destination, Chinook Centre is the place to go.
Crossiron Mills: Outlet Shooping
If you're looking for deals, head north of the city to CrossIron Mills, Calgary's premier outlet mall. Here you'll find over 200 stores, including outlet versions of popular brands like Nike, Adidas, and Michael Kors. The mall also has a movie theatre, a bowling alley, and a range of dining options.
No matter what kind of shopping experience you're looking for, Calgary has something to offer. Explore these districts and find your new favourite stores, restaurants, and gifts.2023-04-24T08:19:00-07:002023-03-09T13:27:49-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17228From Nigiri to Sashimi: Calgary's Best Sushi Restaurants for Every Type of Sushi Lover
<img src="https://assets.site-static.com/userfiles/419/image/2023/Best_Sushi_Places_Calgary.jpg" width="800" height="300" alt="Sushi layed out with chopsticks" title="Best Sushi Places in Calgary" />
If you're a sushi lover living in Calgary, you're in luck. The city has a variety of sushi restaurants that cater to every type of sushi enthusiast, from the traditionalist who prefers simple nigiri to the adventurous eater who wants to try exotic rolls. Here are our favourite sushi picks:
Sushi Bar Zipang: For the Traditionalist
If you're looking for classic, traditional sushi, Sushi Bar Zipang is the place to go. This unassuming restaurant, located in Kensington, has a reputation for serving some of the best sushi in Calgary. Their menu features a range of nigiri, sashimi, and classic rolls, all made with fresh, high-quality fish. Be sure to try their omakase, a chef's choice selection of sushi that changes daily.
Sukiyaki House
Sukiyaki House is a popular Japanese restaurant located in Calgary's Beltline neighbourhood. The restaurant specializes in sukiyaki, a Japanese hot pot dish made with thinly sliced beef, vegetables, and noodles cooked in a sweet and savoury broth. Sukiyaki House offers a range of sukiyaki options, including traditional beef sukiyaki and vegetarian sukiyaki made with tofu and mushrooms. In addition to sukiyaki, the restaurant also serves a variety of other Japanese dishes, including sushi, sashimi, and tempura. The cozy atmosphere and friendly staff make Sukiyaki House a great spot for a casual dinner with friends or a special night out.
Big Catch
Big Catch is popular sushi restaurant located in Haysboro. With a welcoming atmosphere, friendly staff and high quality sushi its if one not to be missed. Big Catch has a diverse menu with plenty of options for both sushi enthusiasts and those new to Japanese cuisine. You will find an authentic and delicious experience at Big Catch.
Ryuko
Ryuko is a trendy and modern Japanese restaurant located in the vibrant neighbourhood of Lake Bonavista in Calgary. The restaurant is known for its unique fusion of Japanese and Korean cuisine, offering a range of dishes that showcase the best of both culinary traditions. The menu features a variety of sushi rolls, sashimi, and other Japanese classics, as well as Korean-inspired dishes like kimchi fried rice and Korean-style fried chicken. The atmosphere at Ryuko is sleek and contemporary, with a spacious dining area and a stylish bar area serving up creative cocktails and sake. The restaurant is a great option for those looking for a chic and sophisticated dining experience with a modern twist on traditional Japanese and Korean cuisine.
Ke Sushi Grill
Ke Sushi Grill is a cozy and intimate Japanese restaurant located in the neighbourhood of Sunalta in Calgary. The restaurant has a simple and modern decor, with a small sushi bar where customers can watch the chefs prepare their dishes. The menu features a variety of sushi rolls, sashimi, and other classic Japanese dishes, all made with fresh and high-quality ingredients.
Kabuku Sushi
Kabuku Sushi is a popular Japanese restaurant located in the neighbourhood of Aspen Woods in Calgary. The restaurant has a cozy and intimate atmosphere, with a small sushi bar and a few tables for dining. The menu features a variety of sushi rolls, sashimi, and other Japanese dishes, all made with fresh and high-quality ingredients. The service at Kabuku Sushi is friendly and attentive, with the chefs and servers taking pride in ensuring that each dish is prepared to perfection. Overall, Kabuku Sushi is a great option for those looking for high-quality and creative sushi in a cozy and intimate setting in Calgary.2023-04-17T08:10:00-07:002023-03-09T13:19:40-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17226From Cowboys to High Rises: Interesting Trivia About Calgary<img src="https://assets.site-static.com/userfiles/419/image/2023/From_Cowboys_to_Highrises.jpg" width="800" height="300" alt="Skyline of buildings in calgary with sunset" title="From Cowboys to Highrises" />
Calgary, Alberta, is a vibrant city that has a rich history and a thriving modern culture. From its roots as a hub for cowboys and ranchers to its current status as a bustling metropolis, Calgary has a wealth of interesting trivia and facts that are worth exploring. Here are some of the most intriguing pieces of trivia about Calgary.
Calgary was founded in 1875 by the North-West Mounted Police, who were sent to establish law and order in the area. The city was named after the Scottish town of the same name.
In the early 1900s, Calgary became a hub for cattle ranching and the home of the Calgary Stampede, one of the world's largest rodeos. Today, the Calgary Stampede is an annual event that attracts over one million visitors each year.
Calgary is home to the Calgary Tower, a 191-meter tall observation tower that offers panoramic views of the city and the surrounding mountains. The tower was opened in 1968 and was once the tallest structure in Canada.
The Bow River, which runs through the heart of Calgary, was named by early explorers who saw the distinctive curve of the river and thought it looked like a bow. The river is a popular spot for fishing, kayaking, and rafting.
The Calgary Flames, the city's professional ice hockey team, were founded in 1972 and have won two National Hockey League championships. The team plays at the Scotiabank Saddledome, a distinctive arena that is shaped like a saddle.
Calgary is home to the largest outdoor urban park in Canada, Nose Hill Park. The park covers over 11 square kilometers and offers hiking and biking trails, as well as stunning views of the city.
The Calgary Tower was once the tallest structure in Canada, but it was surpassed in 1976 by the CN Tower in Toronto. However, the Calgary Tower is still the tallest structure in Western Canada.
Calgary is one of the sunniest cities in Canada, with an average of 333 days of sunshine per year. This makes it an ideal location for outdoor activities, such as skiing, hiking, and biking.
The city of Calgary has a thriving arts and culture scene, with numerous galleries, theaters, and museums. The Glenbow Museum, located in downtown Calgary, is one of the largest museums in Western Canada and features exhibits on art, culture, and history.
The Calgary International Airport is one of the busiest airports in Canada and is the gateway to the Canadian Rockies. The airport is located just 17 kilometers from downtown Calgary and serves over 18 million passengers per year.
In conclusion, Calgary has a rich history and a diverse culture that is worth exploring. From its roots as a hub for cowboys and ranchers to its current status as a bustling metropolis, Calgary has a wealth of interesting trivia and facts that make it a unique and fascinating city. Whether you're a local or a visitor, there is always something new to discover and explore in Calgary.2023-04-10T07:56:00-07:002023-03-08T18:10:56-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17631Calgary Real Estate Statistics March 2023Prices rise as conditions favours the seller
Sales and new listings have increased over the levels reported at the start of the year. As a result, the diversity between sales and new listings helped some expected monthly inventory level gains. Although, the 3,233 available units reflected the lowest March Inventory levels since 2006 and left the months of supply just above one month, firmly in the seller's territory. Low inventory levels left purchasers with a selection of choice, even though conditions are not as tight as last March. Once again which is driving up the prices of homes.
Residential home prices touched $541,800 in March, a two per cent gain over last month and nearly one per cent higher than prices recorded last year. Although prices continue below the May 2022 high of $546,00, the race of price growth over the first quarter has become stronger than anticipated due to the constant seller's market conditions.
"As expected, sales have eased from record levels while remaining stronger than they were before the pandemic, thanks to recent gains in migration supporting demand" said CREB Chief Economist Ann-Marie Lurie.
"The challenge has been centred around supply. As a result, existing homeowners may be reluctant to list as they struggle to find acceptable housing alternatives in this market. At the same time, higher lending rates can also reduce the incentives for existing homeowners to list their home"
March reported 3,318 new listings compared to the 2,432 sales, resulting in the sales-to-new listings ratio a bit high at 73 per cent. Although, both sales and new listings have eased by 40 per cent compared to levels, recorded last March.
Detached
Low listings and high lending rates have caused the steep fallback in detached sales. With 1,145 sales this is the only property type where action has fallen below long-term trends for the month. Although, despite the drop in sales, inventory levels continue comparable to the lowest March levels reported in 2006.
The constantly tight market conditions have provided further price growth. The Detached standard price touched a new reported high in $649,800, in March. Conditions are much more condensed at the lower end of the market as supply levels have changed. Nearly 63 per cent of new listings that have come onto the market so far this year are priced over $600,000 much higher than the 48 per cent recorded last year.
Semi-Detached
Sales and new listings recorded a large drop over last year's levels, like other property types, leaving the market extremely condensed with a sales-to-new listings ratio of 78 per cent in March. In addition, higher lending rates have driven purchasers to look out for semi-detached properties. Although, conditions continue extremely condensed for properties prices below $600,000.
Lower inventory levels relative to sales in the market have driven further price gains in March. As a result, the unadjusted standard price touched $581,300 in March, above two per cent higher than last month and nearly two per cent higher than last year's levels. Although, despite the strong gains over the past several months, prices continue shy of the May 2022 monthly high of $584,700.
Row/Townhouse
Levels are significantly lower than last year, new listings and inventory have all trended up compared to levels seen at the beginning of the year, like other property types, levels are significantly lower than last year. Conditions remain to favour the seller, with one month of supply available. The condensed market conditions also forced further upward pressure on prices.
In March, the standard price rose to $378,100, reflecting a year-over-year gain of nearly eight per cent and representing a new monthly reported high. With the lowest year-over-year gains happening in the West district, price growth was strongest in the city's North East and South districts.
Apartment Condominium
A decline of 11 per cent over the last year's reported high, March recorded 682 apartment condominium sales. Keeping inventory levels relatively low at 1,000 units, new listings also eased by eight per cent compared to last year. The low inventory levels compared to sales kept the months of supply well below two months, ensuring the market remains to favour the seller.
The standard price in the city of Calgary touched $293,500, a year-over-year gain of nearly 11 per cent. The recent rise in price is changing this market closer to full price recovery. For example, apartment condominium prices touched a monthly high back in the month of November 2014 at $306,000
Regional Market Facts
Airdrie
The sales-to-new listings ratio rose up to 76 per cent, and inventory level had fallen to the lowest levels for the month since 2014, with 154 sales and 203 new listings in March. The months of supply did slip to the lowest level seen in almost nine months, while conditions are not as condensed as they were last year. The months of supply in Airdrie have not risen above two months since January 2021, and the consistent tightness so far this year has caused prices to trend up again compared to levels seen at the end of the year in 2022.
In March, the standard price touched $497,000, a two per cent gain over last month.Levels are nearly two per cent below last year's and still below last years and still below the monthly peak of $510,700 recorded in the month of April in 2022. It is important to keep an eye out on how much prices have risen in this market over the past several years, while prices are still lower than last year's peak. As of March , the standard price is over 20 per cent higher than the levels recorded in March 2021.
Cochrane
Although both sales and new listings have increased over levels seen over the past several months, they are still much lower than the high level recorded last year. In addition, unlike other areas, inventory levels are higher than the low levels recorded in the year before. Although, with only 155 units available in March and sales of 87, the months of supply have once again fallen below two months.
Residential standard prices rose over the previous month touching $501,900, for the second month in a row. Even with the monthly gain, prices are still lower than last year's levels, and the monthly high accomplished in June of 2022 at $522,600. Prices in the area have risen dramatically over the past several years and are over 20 per cent higher than levels recorded back in March 2021, just like Airdrie.
Okotoks
Sales and new listings have upgraded over levels seen earlier this year. Although, with 56 sales and 67 new listings, conditions continue extremely condensed, and with 61 units available in March, levels were around the lowest levels ever reported for the month. Okotoks would usually see over 200 units available in inventory, before the March 2020 pandemic.
Conditions remain to support the seller placing upward force on prices, with one month of supply. The standard price touched $561,600, a new reported high for the area, after three consecutive months of price gains.
2023-04-03T17:47:24-07:002023-05-02T18:00:27-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17225The Costly Consequences of Post Tension Cable Failure in Condos<img src="https://assets.site-static.com/userfiles/419/image/2023/Post_Tension_Cable_Failure_Condos.jpg" width="800" height="300" alt="Close up photo of a apartment building" title="Post Tension Cable Failure Condos" />
Post tension cables are an essential component in modern construction, particularly for high-rise buildings and condos. These cables are used to strengthen the concrete and provide additional support for the structure. However, post tension cable failure can have costly consequences, especially for condo owners. In this article, we'll explore the risks and costs associated with post tension cable failure in condos.
What are Post Tension Cables?
Post tension cables are high-strength steel cables that are embedded in concrete during construction. These cables are then tensioned after the concrete has hardened, which places the concrete under compression and enhances its strength. Post tension cables are commonly used in high-rise buildings and condos to provide additional support and strength to the structure.
The Risk of Post Tension Cable Failure
Post tension cable failure can occur due to a number of factors, including poor design, improper installation, or corrosion. When post tension cables fail, it can have significant consequences for the structural integrity of the building.
One of the primary risks of post tension cable failure is the potential for structural collapse. In the event of a post tension cable failure, the weight of the structure can cause the concrete to crack and the building to collapse. This can be a catastrophic event that can result in injury or even death.
Another risk of post tension cable failure is the potential for damage to the building's interior finishes. When post tension cables fail, they can cause cracks in the walls, ceilings, and floors of the condo. This can be a costly repair, as it often requires the replacement of drywall and other finishes.
The Costs of Post Tension Cable Failure
The costs of post tension cable failure can be significant, both in terms of monetary costs and potential loss of life. In the event of a structural collapse, the costs can include the loss of the condo unit, as well as the loss of life and injury to occupants and passersby.
Even if a post tension cable failure does not result in a collapse, the costs can still be significant. The repair costs for damage to the interior finishes can be substantial, as can the cost of repairing or replacing the post tension cables themselves. In some cases, the entire building may need to be evacuated while the repairs are made, which can result in additional costs for temporary housing and relocation.
Preventing Post Tension Cable Failure
Preventing post tension cable failure starts with proper design and installation. Post tension cables should be installed by trained and experienced professionals who understand the proper tensioning and anchoring techniques. Additionally, regular inspections should be conducted to detect any signs of corrosion or other issues that could lead to cable failure.
In the event that post tension cable failure is detected, it is important to take immediate action to address the issue. This may include repairing or replacing the cables, as well as conducting a thorough inspection of the building to ensure that there are no other issues that could lead to structural failure.
Final Thoughts
Post tension cable failure is a serious risk for condo owners and occupants. The costs of post tension cable failure can be significant, both in terms of monetary costs and potential loss of life. It is important for condo owners and managers to take steps to prevent post tension cable failure through proper design, installation, and regular inspections. In the event that post tension cable failure is detected, immediate action should be taken to address the issue and ensure the safety of the building's occupants. By taking these steps, condo owners can minimize the risks and costs associated with post tension cable failure.2023-04-03T07:51:00-07:002023-03-08T18:10:31-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17224Is Aluminum Wiring a Dealbreaker When Buying a Home?
<img src="https://assets.site-static.com/userfiles/419/image/2023/Aluminum_Wiring.jpg" width="800" height="300" alt="The inside of a house" title="Is Aluminum Wiring a Dealbreaker" />
When you're looking to buy a new home, there are many things to consider, from the home's location and size to its condition and overall value. However, one factor that many homebuyers overlook is the type of wiring that is used in the home. Specifically, homes built between the mid-1960s and late 1970s may contain aluminum wiring, which has been known to pose a safety risk. But is aluminum wiring a dealbreaker when buying a home? In this article, we'll explore the risks and benefits of aluminum wiring to help you make an informed decision.
The Risks Of Aluminum Wiring
Aluminum wiring was commonly used in homes built in the mid-1960s to late 1970s as a cheaper alternative to copper wiring. However, aluminum wiring can become a safety hazard over time because it expands and contracts more than copper wiring, which can cause it to loosen and create a fire hazard. Additionally, aluminum wiring is more prone to oxidation, which can create a higher resistance in the wire and lead to overheating and fires.
In response to these safety concerns, the Consumer Product Safety Commission (CPSC) issued a report in 1974 recommending that aluminum wiring no longer be used in branch circuits. While this report did not require homes with aluminum wiring to be rewired, it did recommend that homeowners take certain precautions, such as regularly checking connections and using special connectors designed for use with aluminum wiring.
Benefits of Aluminum Wiring
While aluminum wiring has been associated with safety risks, it also has some benefits. For one, it is a cheaper alternative to copper wiring, which can make it more affordable for homeowners. Additionally, aluminum wiring is more lightweight than copper wiring, which can make it easier to handle during installation.
Another potential benefit of aluminum wiring is that it is more resistant to corrosion than copper wiring. This can make it a good option for use in certain environments, such as coastal areas with high levels of salt in the air.
Is Aluminum Wiring a Dealbreaker?
When deciding whether or not to buy a home with aluminum wiring, it is important to consider both the risks and benefits. While aluminum wiring can pose a safety risk, it is not necessarily a dealbreaker if certain precautions are taken. For example, if the wiring has been inspected by a qualified electrician and any necessary repairs or updates have been made, the risk of a safety hazard can be greatly reduced.
Additionally, it is important to consider the age and condition of the home's electrical system as a whole. If the home has been well-maintained and updated, including the electrical system, the risk of an electrical fire due to aluminum wiring may be lower.
However, if the home has not been well-maintained or updated, or if there are signs of damage or corrosion in the wiring, it may be a red flag that the wiring needs to be replaced. In these cases, rewiring the home can be expensive and time-consuming, which may be a dealbreaker for some homebuyers.
Final Thoughts
In conclusion, aluminum wiring can pose a safety risk in homes built between the mid-1960s and late 1970s. However, it is not necessarily a dealbreaker if proper precautions are taken, such as regular inspections and the use of specialized connectors. When considering a home with aluminum wiring, it is important to have the wiring inspected by a qualified electrician and to consider the overall age and condition of the home's electrical system. By taking these factors into account, homebuyers can make an informed decision about whether or not to purchase a home with aluminum wiring.2023-03-27T07:47:00-07:002023-03-08T18:09:58-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17227Calgary's Hotspots: Discovering the Best Neighbourhoods for Food, Culture, and Entertainment<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Hotspots.jpg" width="800" height="300" alt="Skyline of calgary duriong the day and bow river" title="Calgary Hotspots: Best neighbourhoods" />
Calgary is one of the fastest-growing cities in Canada, and with its vibrant food, culture, and entertainment scene, it's no surprise why. From bustling downtown streets to laid-back neighbourhoods, Calgary has something for everyone. Whether you're a foodie, culture buff, or simply looking for some fun, here are some of the best neighbourhoods to explore in Calgary.
Downtown Calgary
Downtown Calgary is the city's epicentre for culture, entertainment, and business. It's home to many of the city's iconic landmarks, including the Calgary Tower, the Glenbow Museum, and the Bow Building. The neighbourhood is also a hub for foodies, with countless restaurants and cafes that cater to all tastes and budgets. Some of the must-visit spots include the popular Charbar, which serves up mouth-watering Argentinean cuisine, and the upscale River Cafe, which features local and seasonal ingredients.
Inglewood
Inglewood is one of Calgary's oldest neighbourhoods and is known for its quirky and bohemian vibe. It's located just east of downtown Calgary and is home to numerous antique shops, independent boutiques, and vintage stores. It's also a foodie's paradise, with a diverse range of restaurants and cafes that serve up everything from Mediterranean to Asian cuisine. One of Calgary's most iconic resteraunts is The Rouge, offering up fine dining in a heritage home - rumour has it you might see the odd ghost!
Kensington
Kensington is a vibrant neighbourhood located just north of downtown Calgary. It's known for its trendy shops, galleries, and restaurants, and is a popular destination for locals and tourists alike. One of the top attractions in Kensington is the Kensington Riverside Inn, a boutique hotel that features an award-winning restaurant and wine bar. The neighbourhood is also home to the Plaza Theatre, a historic cinema that screens independent and foreign films.
Bentline
The Beltline is a dense and diverse neighbourhood that's located just south of downtown Calgary. It's home to some of the city's best restaurants and bars, as well as numerous parks and green spaces. The neighbourhood is also a hub for the arts, with many galleries and studios that showcase local talent. Some of the top spots in the Beltline include Native Tongues Taqueria, a Mexican-inspired eatery, and the National on 10th, a popular sports bar that serves up craft beer and comfort food.
Mission
Mission is a charming and historic neighbourhood that's located just south of downtown Calgary. It's known for its beautiful architecture, tree-lined streets, and vibrant community spirit. The neighbourhood is also a foodie's paradise, with numerous restaurants and cafes that offer a diverse range of cuisines. Some of the top spots in Mission include the Mercato West Market, a gourmet Italian market, and the popular OEB Breakfast Co., which serves up delicious breakfast dishes all day long.
Bridgeland
Bridgeland is a trendy and eclectic neighbourhood that's located just northeast of downtown Calgary. It's known for its lively and colourful streets, as well as its diverse range of restaurants and cafes. The neighbourhood is also home to some of Calgary's best parks and green spaces, including the picturesque St. Patrick's Island Park. Some of the top spots in Bridgeland include the Blue Star Diner, which serves up classic diner fare with a modern twist, and Cannibale Barbershop and Cocktail Bar, a unique spot that offers haircuts and cocktails under one roof.
East Village
East Village is a rapidly developing neighbourhood that's located just east of downtown Calgary. It's home to numerous modern and high-rise buildings, as well as many public art installations and green spaces. The neighbourhood is also a hub for foodies, with many restaurants and cafes2023-03-20T07:59:00-07:002023-03-08T18:09:16-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17236The Story of the Easter Bunny: How It Became a Symbol of the Holiday<img src="https://assets.site-static.com/userfiles/419/image/2023/The_Story_Of_The_Easter_Bunny.jpg" width="800" height="300" alt="Easter eggs in a basket and scattered, along with flowers" title="The Story Of The Easter Bunny" />
The Easter bunny has become a beloved symbol of the Easter holiday, but where did this tradition originate? The story of the Easter bunny can be traced back to ancient pagan rituals that celebrated the arrival of spring and the renewal of life. Over time, these pagan traditions merged with Christian beliefs, and the Easter bunny became a symbol of the resurrection of Jesus Christ.
The pagan origins of the Easter bunny can be traced back to the ancient Anglo-Saxon festival of Eostre, which celebrated the arrival of spring. Eostre was the goddess of spring and fertility, and she was often depicted with a hare or rabbit by her side. This association between Eostre and hares or rabbits likely led to the incorporation of these animals into the celebration of the festival.
The hare was also a symbol of fertility and renewal in many other ancient cultures. In ancient Egypt, hares were associated with the moon and were believed to be a symbol of rebirth. In ancient Greece, hares were associated with the goddess Aphrodite, who was the goddess of love and fertility.
As Christianity spread throughout Europe, it adopted many of the traditions and customs of the pagan religions that it encountered. In the early Christian church, the Easter holiday was celebrated as a commemoration of the resurrection of Jesus Christ. However, the holiday coincided with the spring equinox, which was a time of renewal and new beginnings in many pagan traditions.
In an effort to make Christianity more accessible to the pagan population, Christian leaders began to incorporate pagan traditions into the celebration of Easter. This included the use of the hare or rabbit as a symbol of the holiday.
The first mention of the Easter bunny in Christian literature can be traced back to the 16th century. In 1572, the German physician and botanist Georg Franck von Frankenau wrote a treatise on Easter customs in which he mentioned the Easter hare. According to von Frankenau, the Easter hare would bring eggs to children on the eve of Easter Sunday.
The tradition of the Easter bunny bringing eggs to children became popular throughout Europe, particularly in Germany and the Netherlands. The first Easter eggs were likely real eggs that were decorated and exchanged as gifts. Over time, these eggs became more elaborate and were made from materials such as wood, porcelain, or chocolate.
In the United States, the tradition of the Easter bunny was brought over by German immigrants in the 18th century. The first known reference to the Easter bunny in America was in the 1700s, when Pennsylvania Dutch settlers believed that a hare laid eggs in the grass and would leave them for children to find.
Today, the Easter bunny is a beloved symbol of the Easter holiday. Many children look forward to receiving baskets filled with candy and toys from the Easter bunny, and the image of the cute and cuddly rabbit has become synonymous with the holiday.
Despite its origins in pagan traditions, the Easter bunny has come to represent the renewal of life and the resurrection of Jesus Christ in Christian culture. The rabbit's ability to reproduce quickly and frequently has made it a symbol of fertility and new beginnings, while the tradition of the Easter egg represents the empty tomb of Jesus and his resurrection from the dead.
In conclusion, the story of the Easter bunny is a fascinating tale of the evolution of traditions and beliefs. What started as a pagan celebration of spring and fertility has become a beloved symbol of the Christian holiday of Easter. While the origins of the Easter bunny may be rooted in ancient history, its popularity and enduring appeal continue to bring joy and happiness to people of all ages.2023-03-16T09:43:00-07:002023-03-09T14:40:37-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17223Poly B Plumbing: Is Your Dream Home at Risk?
<img src="https://assets.site-static.com/userfiles/419/image/2023/Poly_B_Plumbing.jpg" width="800" height="300" alt="Line of houses" title="Poly B Plumbing: Is your home at risk?" />
Poly B (short for polybutylene) is a type of plastic piping that was commonly used in residential plumbing systems in North America between the late 1970s and mid-1990s. At the time, Poly B was seen as a more affordable and flexible alternative to traditional copper pipes. However, in the years since, Poly B has been associated with a number of issues and risks that homeowners should be aware of, particularly when buying a home that has Poly B installed.
One of the primary risks associated with Poly B is the potential for leaks and failures. Over time, Poly B pipes can become brittle and develop micro-fractures, which can lead to water leaks and cause significant damage to a home. These leaks can be difficult to detect, as they may occur behind walls or in other hidden areas of the home. When left untreated, leaks from Poly B pipes can cause significant damage to a home's structure, including the growth of mold and other harmful bacteria.
Another risk associated with Poly B is that it may be more susceptible to damage from certain chemicals, including chlorine, which is commonly used in municipal water treatment. Over time, exposure to chlorine and other chemicals can cause Poly B pipes to become brittle and develop micro-fractures, which can lead to leaks and failures. This risk is particularly pronounced in areas with high levels of chlorine or other chemicals in the water supply.
In addition to the risks associated with leaks and failures, there are also concerns about the longevity of Poly B pipes. While some experts estimate that Poly B pipes may have a lifespan of up to 30 years, others suggest that this estimate may be overly optimistic, and that many Poly B pipes may fail much sooner. This can be a significant concern for homeowners, particularly those who are purchasing a home with Poly B pipes already installed.
When buying a home that has Poly B installed, it is important to have a thorough inspection of the plumbing system conducted by a qualified professional. This inspection should include a visual inspection of the pipes, as well as testing for leaks and other signs of damage. In some cases, it may be necessary to replace the Poly B pipes entirely in order to mitigate the risks associated with this material.
If you are considering buying a home that has Poly B installed, there are a few key steps that you can take to reduce the risks and ensure that you are making an informed decision. First, make sure to have a thorough inspection of the plumbing system conducted by a qualified professional. This inspection should include testing for leaks and other signs of damage, as well as a visual inspection of the pipes. If any issues are identified, make sure to get a quote for repairs or replacement, and factor these costs into your decision-making process.
Second, consider having a water quality test conducted in order to identify any potential issues with the water supply, including high levels of chlorine or other chemicals that may be damaging to Poly B pipes. If any issues are identified, it may be necessary to install a water filtration system or other mitigation measures in order to protect the plumbing system.
Finally, make sure to work with a qualified real estate agent or other professional who is knowledgeable about the risks associated with Poly B pipes. They can help you to identify potential issues with a property's plumbing system, and can provide guidance and support throughout the buying process.
In conclusion, Poly B pipes are a common plumbing material that were widely used in North American homes between the late 1970s and mid-1990s. However, these pipes have been associated with a number of risks, including leaks, failures, and a shortened lifespan. When buying a home that has Poly B installed, it is important to have a thorough inspection conducted by a qualified professional, as well as to take steps to reduce the risks associated with this material. By taking these steps,
Have a thorough inspection of the plumbing system conducted by a qualified professional. This inspection should include a visual inspection of the pipes, as well as testing for leaks and other signs of damage. A professional plumber who is experienced with Poly B should be able to identify potential issues and recommend any necessary repairs or replacement.
Consider having a water quality test conducted in order to identify any potential issues with the water supply. Poly B pipes may be more susceptible to damage from certain chemicals, including chlorine, which is commonly used in municipal water treatment. If any issues are identified, it may be necessary to install a water filtration system or other mitigation measures in order to protect the plumbing system.
Discuss your concerns with your real estate agent or other professional. They can help you to identify potential issues with a property's plumbing system, and can provide guidance and support throughout the buying process.
Consider negotiating with the seller to cover the cost of any necessary repairs or replacement of the Poly B plumbing system. This may be especially important if the inspection reveals significant issues with the pipes.
If necessary, consider replacing the Poly B plumbing system entirely. This may be a costly and time-consuming process, but it can help to reduce the risks associated with this material.
Overall, it is important to take a proactive approach when buying a home with Poly B plumbing. By having a thorough inspection conducted, addressing any potential water quality issues, and discussing your concerns with a qualified professional, you can help to reduce the risks associated with this material and make an informed decision about your purchase.
Regenerate response
2023-03-05T08:27:00-07:002023-03-06T11:41:12-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17327February Housing Statistics 2023Lowest February Inventory since 2006
Steady with the usual seasonal behaviour sales, new listings and inventory levels all trended up compared to last month. Although, with 1,740 sales and 2,389 new listings, inventory levels progressed only a small amount over the last month and have continued 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."
Sales and new listings have slowed over the last years reported high for the month. Although sales activity continued more powerful than the long-term trends and levels recorded throughout the 2015 to 2020 period, new listings had fallen below long-term trends.
The market has struggled to move more into more balanced territory forcing more upward pressure on home prices, with a sales-to-new-listings ratio of 73 per cent and a month's supply of under two months. The unadjusted standard price rose nearly two per cent over January levels and last year's prices.
<img src="https://assets.site-static.com/userfiles/419/image/detached.jpg" width="800" height="300" alt="Detached house" title="Detached" />
Detached
Sales and new listings recorded year-over-year declines over last year's reported high. Levels are still around the lowest seen in February, and the months of supply had fallen below two months, while the seasonal monthly gain did see inventories move up over the last two months.
Further restricted conditions did force the unadjusted standard prices to rise over last month's levels, but at a price of $635,900, it is still below the high recorded in May 2022. We are seeing conditions move into balanced territory for homes priced above $700,000, while supply remains a challenge relative to demand for lower-priced homes.
<img src="https://assets.site-static.com/userfiles/419/image/semidetached.jpg" width="800" height="300" alt="Semi-Detached" title="Semi-Detached" />
Semi-Detached
Sales and new listings had fallen from last year's reported high, like the detached sector despite the seasonal monthly gain. Although inventories are beginning to rise over the levels seen in the past couple months, they continue amongst the lowest levels recorded for February. The extremely low inventory levels forced the months of supply to fall below two months in February, while it is still higher than last year's ultra-low levels, conditions continue to favour the seller.
The unadjusted standard price touched $568,100 in the month of February, almost two per cent higher than last month and a three per cent gain over last February. Extremely tight market conditions assisted to the monthly unadjusted gain in the standard price. However, like detached properties prices continue below the May 2022 peak.
<img src="https://assets.site-static.com/userfiles/419/image/row.jpg" width="800" height="300" alt="Row & Townhouses" title="Row" />
Row
Conditions have continued exceptionally tight in Feburary with only one month of supply and a sales-to-new listings ratio of 87 percent. Row sales have continued relatively strong for February as demand changes toward the affordable product in the market, while they have eased over reported levels.
The constant tight conditions have forced further upward pressure on prices. A monthly gain of over two per cent and a year-over-year gain of nine per cent, the adjusted standard price touched $369,700 in February. Prices have touched a new reported high this month, unlike the other sectors.
<img src="https://assets.site-static.com/userfiles/419/image/holiday_activities_2022_10.jpg" width="800" height="300" alt="Apartment & Condominium" title="Apartment & Condominium" />
Apartment & Condominium
Sales for this sector did not see the same pace of decline as all the other sectors in February mainly due to the level of new listings arriving onto the market. Steady strong sales compared to listings have forced February inventory levels to remain relatively low compared to levels over the past several years and the months of supply had dropped down below two months.
The extreme tight market condition assisted in the upward force on prices. The adjusted apartment standard price touched $286,000, almost three per cent higher than last month and over 11 per cent higher than February 2022. They continue almost seven per cent below the peak levels recorded back in 2014, while prices are still higher than the levels recorded last year in 2022.
Regional Market Facts
Airdrie
The adjusted standard price in February 2023 rose over last month and continue to be comparable to levels seen last year around this time. Although, with a standard price of $487,200, prices continue below the high price of $510,700 recorded back in April 2022.
Cochrane
SImilar to Airdrie, inventory levels have also been on the hike in the city of Cochrane. While February levels are double what was accessible in the market last year. Inventories continue over 40 per cent below long-term trends for the month, Nonetheless, sales and new listings have eased a small amount this year supporting the market change toward more balanced conditions.
The February standard price did improve over last month and it's last year's levels. Although, with an unadjusted price of $492,900, levels are still well below the $522,600 high touched in June of 2022.
Okotoks
Conditions continued extremely tight with sales-to-new-listings ratio of 90 per cent, while both sales and new listings have slowed compared to last year in 2022. With levels coming close to the February 2006 record low, Inventory levels have remained to fall both compared to last month and last year.
As conditions remain to favour the seller, it is not a surprise that we remain to see upward force on home prices. In February, the unadjusted standard price touched $555,000, three per cent higher than last month's and last February's price. Although, similar to other areas, prices continue just shy of the May high of $560,700.
2023-03-03T14:15:38-07:002023-03-05T17:27:46-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17235Winning at Bidding Wars: Strategies to Maximize Your Sale Price in a Seller's Market
<img src="https://assets.site-static.com/userfiles/419/image/2023/Winning_at_Bidding_Wars_Strategies_to_Maximize_Your_Sale_Price.jpg" width="800" height="300" alt="A Mallet behind our branded colors" title="Winning At Bidding Wars: Strategies To Maximize Your Sale Price" /><br />
If you're planning to sell your home in a seller's market, you may find yourself in the midst of a bidding war. A bidding war occurs when multiple buyers are interested in purchasing a property, and they submit competing offers to try to outbid each other. In such a situation, it's important to have a strategy in place to maximize your sale price. Here are some strategies you can use to win at bidding wars and get the best possible price for your home.
Set a Realistic Asking Price
One of the most critical steps to winning at a bidding war is to set a realistic asking price. When the market is hot, it's tempting to set a high asking price in hopes of getting a big payout. However, setting a price that's too high can drive away potential buyers and discourage them from making an offer. You need to price your home competitively to attract as many buyers as possible, which will increase the likelihood of a bidding war.
Make Your Home Stand Out
In a bidding war, the goal is to make your home stand out from the rest. This can be achieved by making upgrades and repairs, staging your home, and presenting it in the best possible light. For example, you could repaint the walls, replace outdated light fixtures, and declutter your space. You could also hire a professional stager who can help you arrange your furniture and décor to appeal to potential buyers.
Be Flexible with your terms
When you receive multiple offers, it's important to be flexible with your terms. You may receive offers with different closing dates, down payment amounts, and contingencies. Consider each offer carefully and be open to negotiating the terms to accommodate the buyer's needs. For example, if a buyer needs to close quickly, you could consider a shorter closing period. If a buyer requests a home inspection, you could offer to fix any issues that are found.
Create A Bidding War
To create a bidding war, you need to generate as much interest in your home as possible. This can be achieved by hosting open houses, using social media to promote your listing, and working with a real estate agent who has a large network of potential buyers. You could also set a deadline for offers and let potential buyers know that you're expecting multiple offers. This sense of urgency can encourage buyers to submit their best offers right away.
Evalute Each Offer Carefully
When you receive multiple offers, it's important to evaluate each one carefully. Look at the proposed purchase price, the buyer's financing, and the terms and contingencies included in the offer. You should also consider the buyer's motivations and their ability to close the deal. Don't just accept the highest offer; consider the overall package and choose the offer that's most likely to close and give you the best return on investment.
Counteroffer Strategically
If you receive multiple offers but none of them meet your expectations, you can counteroffer to start a negotiation. However, you need to counteroffer strategically. You should counteroffer with terms that are realistic and achievable for both parties. You should also communicate clearly with the buyer about your expectations and be open to further negotiations. Don't counteroffer too aggressively, or you may scare away potential buyers.
Stay Objective
When you're in the middle of a bidding war, it's easy to get emotionally invested and attached to a particular offer or buyer. However, it's important to stay objective and make decisions based on facts and figures. Consider each offer carefully, evaluate the terms objectively, and make decisions based on what's best for you and your financial goals.
In conclusion, winning at a bidding war requires careful planning, strategy, and negotiation. By setting a realistic asking price, making your home stand out, being flexible with your terms, creating a bidding war should get you your home sold at an attractive price. At CalgaryListings Group we have a proven marketing plan, expereince and the experties to navigate bidding wars in a sellers market.
2023-02-28T10:24:09-07:002023-03-02T18:31:17-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17222The Benefits and Drawbacks of Rent to Own Homes <img src="https://assets.site-static.com/userfiles/419/image/2023/Drawbacks_For_Renting_To_Own.jpg" width="800" height="300" alt="Tops of houses, with blue design around" title="The Benefits and Drawbacks of Rent to Own Homes" />
Rent to own homes, also known as lease-purchase agreements, offer a unique option for individuals who want to become homeowners but face financial barriers that prevent them from qualifying for traditional mortgages. These agreements allow renters to pay rent while simultaneously working towards becoming the owners of the home they are renting. While rent to own agreements may seem like an attractive option, they also come with a range of benefits and drawbacks that potential buyers should consider before signing on the dotted line.
Benefits of Rent to Own Homes: Affordability: Rent to own agreements typically require a smaller down payment and lower monthly payments compared to traditional mortgages, making them a more affordable option for many individuals.
Option Fee: The option fee, which is typically paid upfront, gives the tenant the option to purchase the home at a predetermined price at the end of the lease term. This fee is usually much smaller than a traditional down payment.
Time to Repair Credit: Rent to own agreements allow tenants to work on repairing their credit scores and building a stable financial history while they are renting the home. This can help them qualify for better mortgage rates in the future.
Flexibility: Rent to own agreements offer more flexibility than traditional mortgages. If a tenant decides they no longer want to buy the home, they can typically walk away from the agreement without penalty.
Time to Save for a Down Payment: Because rent to own agreements usually require a smaller upfront payment, tenants have more time to save for a larger down payment, which can help them secure better financing terms.
Drawbacks of Rent to Own Homes:
Higher Monthly Payments: While the upfront payments may be smaller, monthly payments for rent to own homes can be higher than traditional rental payments. This is because a portion of the rent goes towards building equity in the home.
Potential for Loss: If the tenant is unable to make payments or decides not to purchase the home at the end of the lease term, they may lose the option fee and any other payments they have made towards purchasing the home.
Limited Selection: Rent to own agreements are less common than traditional mortgages, which can limit the selection of homes available for purchase.
Higher Overall Cost: Because rent to own agreements often have higher interest rates and longer payment terms, the overall cost of purchasing the home can be much higher than with a traditional mortgage.
Risk of Scams: There is a risk of scams associated with rent to own agreements, as some dishonest sellers may take advantage of tenants who are in a vulnerable financial position.
Tips for Renting to Own a Home:
Work with a Real Estate Agent: A reputable real estate agent can help you navigate the rent to own process, identify potential issues, and ensure that the contract is fair and legally binding.
Understand the Terms of the Agreement: Before signing a rent to own agreement, make sure you fully understand the terms of the contract, including the purchase price, monthly payments, and any fees or penalties associated with the agreement.
Have the Home Inspected: Before committing to a rent to own agreement, have the home inspected by a qualified home inspector. This can help identify any potential issues with the home and ensure that it is in good condition.
Work with a Mortgage Broker: If you are planning to purchase the home at the end of the lease term, work with a mortgage broker to ensure that you are eligible for financing and understand the financing terms.
In conclusion, rent to own agreements offer a unique opportunity for individuals who want to become homeowners but face financial barriers. However, potential buyers should carefully consider the benefits and drawbacks of these agreements before signing a contract. By working with reputable professionals and understanding the terms of the agreement, tenants can minimize the risks and maximize the benefits of renting to own a home.2023-02-28T08:21:19-07:002023-03-08T18:05:06-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17079The Origins of St. Patrick's Day: A Look Back in Time
<img src="https://assets.site-static.com/userfiles/419/image/2023/Origins_Of_St_Patricks_Day_800x300.jpg" width="800" height="300" alt="Table filled with St Patricks Party stuff" title="Origins Of St. Patricks Day" />
St. Patrick's Day is celebrated annually on March 17th to honor the patron saint of Ireland, St. Patrick. It is a religious and cultural celebration that has been observed for over a thousand years. The history of St. Patrick's Day dates back to the early 17th century when the first St. Patrick's Day parade was held in Dublin, Ireland.
St. Patrick was born in the late 4th century in Roman Britain. He was kidnapped and taken to Ireland as a slave when he was just 16 years old. He spent six years in captivity before escaping and returning to his family. After returning home, he became a priest and later returned to Ireland as a missionary. He is credited with converting the Irish people to Christianity and is believed to have used the shamrock to explain the Holy Trinity.
St. Patrick's Day was first celebrated in Ireland in the 9th and 10th centuries. It was originally a religious holiday, with people attending church and abstaining from meat. However, the holiday evolved over time to include parades, music, dancing, and feasting.
The first St. Patrick's Day parade was held in New York City in 1762. The parade was organized by Irish soldiers serving in the British army who wanted to celebrate their Irish heritage. The parade has since become a tradition in many cities around the world, with millions of people gathering to watch the parades and celebrate the holiday.
In Ireland, St. Patrick's Day was declared a public holiday in 1903. The holiday was celebrated with parades, music, and dancing. It was also a time for families to gather and feast on traditional Irish dishes such as corned beef and cabbage.
During the 20th century, St. Patrick's Day became increasingly popular in the United States. In addition to the parades, many people began wearing green clothing and accessories to celebrate the holiday. The Chicago River is famously dyed green every year to mark the occasion.
Today, St. Patrick's Day is celebrated in many countries around the world, with parades, festivals, and other cultural events. It is a time for people to celebrate their Irish heritage and to honor St. Patrick, who is considered one of the most important figures in Irish history.
In conclusion, the history of St. Patrick's Day is a rich and fascinating one. From its origins as a religious holiday in Ireland to the massive parades and festivities held in cities around the world, the holiday has evolved and grown over the centuries. Today, St. Patrick's Day is a time for people to come together and celebrate their Irish heritage, and to honor the man who is considered the patron saint of Ireland.2023-02-27T11:46:00-07:002023-02-28T10:48:22-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17097Things To Do On Family Day<img src="https://assets.site-static.com/userfiles/419/image/2023/Telus_Spark_Science_Centre.jpg" width="800" height="300" alt="Blurred Lights" title="Telus Spark Science Centre" />
Telus Spark Science Centre
Telus Spark Science Centre has been known to entertain any age and is very well known for doing an amazing job at doing so. This is a great place to explore with the family as there are so many different areas to experience and discover at the Telus Spark Science Centre, they include; Earth and Sky Gallery, Feature Gallery, Digital Immersion Gallery, Infinity Dome Theatre, Astronaut Ice Cream Cafe and so much more. There's so much selection that there's activities for adults only and activities for kids only or for both! So if you're spending family day with kids or you're going out with friends Telus Spark Science Centre is a place you won't want to miss out on. General admission is all-inclusive and gives you access to all the activities.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Zoo_Family_Day.jpg" width="800" height="300" alt="Penguins in a habitat" title="Calgary Zoo" />
Calgary Zoo
The Calgary Zoo is no question, one of the best places to experience in Calgary with the family. There is no other Zoo around like it, it'll give you and your kids a very memorable experience and a fun filled day. There is a large selection and variety of animals to see, including; monkeys, tigers, giraffes, penguins, moose, bears, and many many more. The Zoo is split up into different sections of habitats for the animals, not only do you get to see animals, you can also enjoy great foods and drinks as well. Make sure to dress warm though, as it's still quite cold outside and most of the Zoo consists of being outside as well. Again the Calgary Zoo is an amazing place to spend time with the family and to spend this year's Family Day.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Flames_Family_Day.jpg" width="800" height="300" alt="City of Calgary and the Saddle Dome" title="Calgary Flames NHL Game" />
Calgary Flames NHL Game
The NHL team the Calgary Flames is Calgary's most loved hockey team. Luckily on the day of Family Day, Calgary Flames have a home game located at the ScotiaBank Saddledome, starting at 2pm. The game is a perfect activity to go out and spend time with your family while also cheering on our own Calgary Flames. You will also get to enjoy great food and drinks, while watching some of the best level of hockey in the world. Even though we are Calgarians and have probably been to several Calgary Flames games, they never get old, and are always a great time to spend with family, friends and all of Calgary as a whole.
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Walk 17th Avenue
If you're looking for a more laid back family day with a nice lunch spot and lots of shopping, then 17th Avenue is a great place to take a stroll. 17th Avenue is filled with extremely delicious lunch spots including; Blanco Cantina, National on 17th, Comery Block Barbeque, 5 Senses Ramen & Sushi Bar and more. It's also filled with lots of shopping mostly consisting of smaller shops and boutiques such as, Era Style Loft, Steeling Home, The Raven's Room and many more. This street is filled with beauty and is one of the most popular Avenues in Calgary, so it's a great place to take a walk, explore, shop and try out some new delicious food.
2023-02-17T15:58:00-07:002023-02-17T15:48:39-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:17067Fixed-Rate vs. Variable-Rate Mortgages: Pros and Cons<img src="https://assets.site-static.com/userfiles/419/image/2023/Fixed_rate_vs_Variable_rate_Mortgages.jpg" width="800" height="300" alt="3 mini houses on coins " title="Fixed-rate vs. Variable-rate Mortgages" />
There are two main types of mortgages: fixed-rate mortgages and variable-rate mortgages. A fixed-term mortgage is a loan where the interest rate remains the same for the entire term of the loan, usually ranging from 1 to 10 years. This means that the monthly payments remain the same, making it easier to budget and plan for the future. The main advantage of a fixed-term mortgage is the predictability and stability of the monthly payments, which can provide peace of mind for homeowners. However, the drawback of a fixed-term mortgage is that if interest rates fall, homeowners will not be able to take advantage of the lower rates, since their rate is locked in for the term of the mortgage.
A variable-rate mortgage, on the other hand, is a loan where the interest rate can change over time, usually in response to changes in the prime lending rate. This means that the monthly payments can also change, making it more difficult to budget and plan for the future. The main advantage of a variable-rate mortgage is that if interest rates fall, the monthly payments will also fall, potentially resulting in significant savings over the term of the mortgage. The drawback of a variable-rate mortgage is the uncertainty and risk of higher monthly payments if interest rates rise.
Both types of mortgages have their own pros and cons, and the choice between them will depend on an individual's financial situation and personal preferences. Here are some of the most common pros and cons of each type of mortgage:
<img src="https://assets.site-static.com/userfiles/419/image/2023/Fixed_rate_mortgage.jpg" width="800" height="300" alt="Mini house and a calculator on the table" title="Fixed-rate Mortgage" />
Fixed-rate Mortgage
Pros:
Predictable monthly payments: With a fixed-rate mortgage, the interest rate is locked in for the term of the mortgage, so you know exactly what your monthly payments will be for the entire term. This can make budgeting easier, since you won't have to worry about sudden changes in your monthly mortgage payments.
Provides peace of mind: With a fixed-rate mortgage, you don't have to worry about interest rate hikes, which can significantly increase your monthly payments.
Cons:
Higher interest rate: Fixed-rate mortgages often come with a higher interest rate than variable-rate mortgages
Less flexibility: If interest rates fall, you can't take advantage of the lower rates, since your rate is locked in for the term of the mortgage.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Variable_rate_mortgage.jpg" width="800" height="300" alt="A guy holding a pen, with a calculator and a mini house on the table" title="Variable-Rate Mortgage" />
Variable-rate Mortgage
Pros:
Lower interest rate: Variable-rate mortgages usually come with a lower interest rate than fixed-rate mortgages.
Potential for lower monthly payments: If interest rates fall, your monthly payments will also fall. This can result in significant savings over the term of the mortgage.
Cons:
Uncertainty: With a variable-rate mortgage, you don't know what your monthly payments will be, since the interest rate can change at any time. This can make budgeting difficult.
Higher risk: If interest rates rise, your monthly payments will also rise, which can make it difficult to keep up with your mortgage payments.
Ultimately, the choice between a fixed-rate mortgage and a variable-rate mortgage will depend on your personal financial situation, risk tolerance, and long-term financial goals. It is important to carefully consider the pros and cons of each type of mortgage, and to consult with a financial advisor to determine the best option for you.2023-02-13T14:15:46-07:002023-02-25T16:53:26-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:17058How Home Automation Technology is Revolutionizing the Way We Live<img src="https://assets.site-static.com/userfiles/419/image/2023/Home_Technology_&_Automation_800x300.jpg" alt="Phone controlling home technology" title="Home Technology & Automation" />
Home automation technology has revolutionized the way we live and manage our homes. With just a few taps on our smartphones or voice commands, we can control various aspects of our home, from lighting to temperature, security, and even entertainment. In this blog, we will delve into the exciting world of home automation technology and its various applications.
One of the most significant benefits of home automation is the convenience it provides. With smart home technology, you can control your home's lights, temperature, and security from anywhere, at any time. For example, you can turn on the lights before you get home, set the temperature for when you arrive, and even arm your security system remotely. This not only saves time and effort but also adds an extra layer of security to your home.
Another important application of home automation technology is energy efficiency. Smart home devices such as smart thermostats, lighting, and appliances allow you to control and monitor your energy consumption, reducing waste and helping you save on your energy bills. For example, you can program your smart thermostat to automatically adjust the temperature when you're away from home, ensuring that your heating or cooling system is only running when it's needed.
Smart home technology also enhances home security by providing advanced surveillance and monitoring options. With smart security systems, you can monitor your home in real-time, receive alerts when someone enters your home, and even remotely access live video feeds. You can also integrate smart locks into your security system, allowing you to lock or unlock your doors remotely, providing an extra layer of security for your home.
In addition to security and energy efficiency, home automation technology also offers exciting entertainment options. With smart home devices, you can control your home's audio and visual systems, stream movies and music, and even control your gaming systems with voice commands or through a smartphone app. This makes it easy to enjoy your favorite entertainment in any room of your home, without having to physically be near the equipment.
The world of home automation technology is constantly evolving, with new and innovative products being introduced every year. Some of the latest developments include smart home robots, which can help with tasks such as cleaning and vacuuming, and smart mirrors, which offer interactive displays and voice commands.
In conclusion, home automation technology has revolutionized the way we live and manage our homes, providing convenience, energy efficiency, security, and entertainment options. With new and innovative products being introduced every year, the possibilities are endless, and the future of home automation looks exciting. Whether you're a tech-savvy individual or simply looking for ways to simplify your life, home automation technology is definitely worth exploring.
In summary, home automation technology provides many benefits, including convenience, energy efficiency, security, and entertainment options. With the constant evolution of the technology, the possibilities are endless, and the future of home automation looks exciting. So why not start exploring the world of smart home technology today and discover how it can transform your life!2023-02-12T14:15:35-07:002023-02-15T13:23:16-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:16928First-Time Homebuyers: What You Need to Know
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Are you considering becoming a first time home buyer? We have compiled some tips to assist you when choosing your first home. There are several important factors to consider to ensure you find the right property that meets your needs and fits your budget.
Location: The location of your home is one of the most important factors to consider. Look for a neighbourhood that is safe, convenient to your work and other daily activities, and offers good schools, shopping, and recreational opportunities.
Home Type and Style: Consider the type of home you want, such as a single-family home, a townhouse, or a condo. Also, think about the style of the home, such as a traditional, contemporary, or colonial.
Size: Consider how much space you will need for your family and for any future needs, such as starting a family or accommodating elderly parents. Think about the number of bedrooms, bathrooms, and living spaces you will need.
Condition: Consider the condition of the home. If you are buying a newly built home, it will likely be in good condition, but older homes may require some repairs or renovations. Consider hiring a home inspector to evaluate the condition of the home and identify any potential issues.
Amenities: Consider the amenities you would like in your home, such as a garage, a large backyard, or a finished basement. Make a list of the features that are most important to you and look for a home that has as many of these features as possible.
Homeowner's Association (HOA): If you are buying a condominium or townhouse, consider the rules and regulations of the homeowner's association (HOA). Make sure you understand the HOA fees and the restrictions they may place on your use of the property.
Commute: Consider the commute time to your work and other daily activities. If you will be spending a significant amount of time driving, make sure the home is located near major roads and highways.
Resale Value: Consider the potential resale value of the home. You may not be thinking about selling your home in the near future, but it is always a good idea to choose a property that will retain its value over time.
Future Plans: Consider your future plans and how they may impact your choice of a home. For example, if you plan to start a family in the near future, you may want to choose a home with a large backyard and enough bedrooms for your children.
Cost: Consider the cost of the home, including the purchase price, property taxes, and homeowner's insurance. Make sure you can afford the monthly mortgage payment and the ongoing expenses associated with homeownership.
In conclusion, choosing your first home is a big decision that requires careful consideration of many important factors. Take your time, do your research, and make sure you choose a home that meets your needs, fits your budget, and provides you with a place to call your own.
2023-02-07T09:51:00-07:002023-02-08T17:40:19-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:16909January Real Estate Statistics 2023Supply of lower-priced homes remains low in January
The height of new listings in January has fallen to the lowest seen since the late 90s. The pace of decline was higher for lower-priced properties, while new listings had fallen in nearly every price range.
Sales action did slow down compared to the peak levels reported last year, but remained continuous with long-term trends. Although, there has been a change in the composition of sales as detached homes only compromised 47 percent of all sales.
"Higher lending rates are causing many buyers to seek out lower-priced products in our market," said CREB Chief Economist Ann-Marie Lurie. "However, the higher rates are likely also preventing some move-up activity in the market impacting supply growth for the lower-priced homes. This is causing differing conditions in the housing market based on price range."
With 2,541 units obtainable in inventory, levels remain 43 per cent below than the long-term trends for the month. There is a notable variation by price range, while overall inventory levels are slightly below of what last January was. Homes listed below $500,000 recorded year-over-year inventory falls of nearly 30 per cent while inventory levels improved for home prices above that level.
Lower supply levels are preventing a notable change toward steady conditions and prices did go up slightly over last month separating the seventh straight month slide, even though conditions are not as compressed as last year. As of the month of January, the standard price touched $520,900, 5 percent higher than last January, but still lower than the May 2022 peak of $546,000.
<img src="https://assets.site-static.com/userfiles/419/image/detached.jpg" width="800" height="300" alt="Photo of Detached Home" title="Detached Home" />
Detached
The sector of detached homes had witnessed the largest fallback despite the year-over-year rise in inventory levels. Higher-lending rates are cooling demand for the higher-priced homes which is helping inventory gains. For the moment, a tight supply of lower-priced products is intercepting stronger sales in the lower price ranges.
The differences in the market most likely produce divergent trends in pricing as prices have trickled down in the higher-priced City Centre, while still recording some reasonable gains in other areas of the city. Although, the standard price touched $622,800 in January, slightly higher than levels recorded in December, but still lower than the monthly peak reached in May 2022.
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Semi-Detached
Sales in the month of January have slowed down compared to last year's levels, but stay above levels reached before the pandemic. At the same time, a fallback in new listings has left inventory levels below the already low levels recorded last year in January. Semi-detached homes have seen changes where the demand stays relatively strong for the lower-priced product relative to the supply, likely forcing divergent trends in pricing, similar to the detached sector.
Most areas recorded a monthly standard price growth in the month of January. Although, prices did trickle down in the higher-priced City Centre district forcing Calgary's semi-detached standard prices to ease slightly over levels seen in this past December of 2022. Prices remained about six per cent higher than the level recorded in January, despite the monthly adjustment.
<img src="https://assets.site-static.com/userfiles/419/image/row.jpg" width="800" height="300" alt="Photo of Row" title="Row" />
Row
The sector of row homes sales have slowed over last years reported high, but continued above long-term trends for the month. Sales would more than likely been stronger if more listings came onto the market. In the month of January, new listings declined over the previous year and were over 20 per cent below the long-term trends. The changes in both sales and new listings did a small to change the low inventory situation and the months of supply continued below two months in January.
The extremely tight conditions did also deflect any downfall pressure on prices which posted a nearly one percent gain over December levels. Levels are still over 12 per cent higher than last January, and only a bit lower than the $363,700 monthly high touched in June 2022, even with the standard price of $361,000.
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Apartment Condominium
Due to the amount of new listings coming onto the market, sales for apartment condominiums did not see the same pace of downfall as other property sectors. However, inventory levels continued well below long-term trends for the month and have not been at this type of low since January 2014.
The changes to both sales and inventory have left the apartment condominium sector with months of supply that is lower than levels seen at the start of 2022. The adjustment to affordable selections is also impacting prices within this sector. In January, prices had gone up from December levels driven by powerful gains in the lower priced area of the North East and East. Altogether, this sector's prices in the city touched $277,600, one percent higher than last month and a year-over-year gain of nearly 10 per cent, shortening the spread from reported high prices set in 2014.
Regional Market Facts
Airdrie
January sales eased over last year's reported high but continued steady with long-term trends for the month. The fallback in sales did outspace the fallback in new listings forcing inventory levels to gradually get better over the exceptionally low levels recorded last year. Despite the inventory gain, levels continued over 50 per cent lower than long-term trends in the month of January.
These changes in the market have forced the months of supply to rise over last January's 2022 reported low. Nonetheless, with less than two months of supply, conditions continue to remain relatively tight and support a reasonable monthly price gain. In January, the standard price touched $480,200, almost eight per cent higher than last January, but still below the monthly high of $510,700 touched in April 2022.
Cochrane
January sales in Cochrane eased over last year's record high but continued comparable to long-term trends for the month. New listings also slowed, but not near the same pace as sales. Inventory levels did go up from the lows reported last January. Inventory levels are nearly 40 per cent below long-term trends, while improving inventories is likely welcome new to most buyers.
Changes in both sales and inventory have forced the months of supply to rise nearly three months. This has relieved some force off homes prices which have seen great gains over the past two years. Altogether, the standard price in the month of January was $488,900, over on per cent lower than last month but still seven per cent higher than January 2022 levels.
Okotoks
Sales and new listings had slowed down in January, deflecting any significant addition to inventory compared to what was available in the market at the end of 2022. Although there is more supply in the market compared to last January's reported low, with only 56 units available, this is still 61 per cent below long-term trends for the town.
The consistent tight market conditions have helped significant price growth over the past several years. Although recent changes have taken some of the force off the pace of price growth, prices noticed some further gais this month. In January, the standard price touched $539,000, an increase from December and a year-over-year gain of nearly seven per cent.
2023-02-04T10:30:00-07:002023-02-28T15:52:56-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:16889From Renting to Owning: Your First Home Journey
<img src="https://assets.site-static.com/userfiles/419/image/2023/From_Renting_to_Owning_800x300.jpg" width="800" height="300" alt="A Little Home on a table" title="From Renting To Owning" />
The transition from renting to owning a home is a big step for anyone, but especially for first-time homebuyers. Renting a home can be a good option for those who aren't ready for the financial commitment of owning a home, or for those who are not yet sure where they want to settle down permanently. However, owning a home provides stability and long-term financial benefits that renting does not.
The benefits of owning a home include:
Building Equity: When you own a home, each mortgage payment you make increases your equity, or ownership stake, in the property. Over time, this can result in significant financial gains.
Appreciation: Homes generally increase in value over time, providing owners with a nest egg that can be used in the future.
Freedom to Customize: When you own a home, you have the freedom to decorate, remodel, and make changes to the property as you see fit.
Stability: Owning a home provides a sense of stability and permanence that renting can't match.
Investing in the Future: Homeownership is a long-term investment that can provide financial security for years to come.
The transition from renting to owning a home is a big step, but it comes with many benefits that can improve your financial and personal life in the long term.
Understanding your finances is one of the most important steps in the process of buying a home. Here are some key financial considerations for first-time homebuyers:
Budgeting: It's important to have a realistic understanding of your monthly expenses, as well as your income, in order to determine how much you can afford to spend on a home. Creating a budget will help you save for a down payment and ensure that you can make your mortgage payments on time.
Saving for a Down Payment: The amount you need for a down payment will depend on the type of mortgage you choose. For example, a conventional mortgage typically requires a down payment of at least 5% of the home's purchase price, while an FHA loan requires a down payment of just 3.5%.
Getting Pre-Approved for a Mortgage: Getting pre-approved for a mortgage gives you a clear picture of how much you can afford to spend on a home, and it can make the homebuying process smoother and quicker.
Understanding Closing Costs: Closing costs can add thousands of dollars to the overall cost of buying a home. It's important to understand what closing costs are, how they are calculated, and how they can impact your finances.
Ongoing Homeowner Expenses: In addition to your monthly mortgage payment, there are other ongoing expenses associated with homeownership, such as property taxes, insurance, and maintenance. It's important to understand these costs and factor them into your budget when deciding how much you can afford to spend on a home.
Understanding your finances is critical when buying a home. It's important to have a clear understanding of your income and expenses, and to be realistic about what you can afford.2023-01-31T16:19:38-07:002023-02-15T14:55:18-07:00Crystal Tosttag:calgarylistings.com,2012-09-20:16785Calgary & Region Yearly Outlook ReportCalgary & Region Yearly Forecast
Housing Summary
Lifted Lending rates are expected to weigh on sales in 2023, bringing levels lower from the recorded high in 2022. Although, with forecasted sales of 25,921 in 2023, levels are still anticipated to be above the activity recorded before the pandemic. More recent growth in migration and employment is expected to help offset the impact of higher lending rates, securing annual sales action higher than levels succeeded throughout the 2015 to 2019 period.
Growth in newer listings in 2022 was not nearly enough to offset the gains in sales and supply levels have continued to stay low, especially for lower-priced products. The higher lending rates are also expected to weigh on listings growth in 2023 as it has become more difficult for a move up buyer. Although improved starts are expected to support supply growth, thanks to the heavy migration levels, supply levels are not expected to record significant gains.
The low starting point and limited upward pressure on supply in 2023 is expected to put a stop to any significant downward pressure on prices as demand will begin to normalize. Still, conditions are expected to vary depending on price range and property type. More higher-priced homes will see some downward price pressure as the segment of the market is not experiencing the same supply constraints. But, supply lowers relative to sales for lower priced properties are expected to remain supporting modest price growth. Declines in the higher end of the market are expected to offset gains in the lower end of the market as residential prices in Calgary are expected to balance out in 2023.
Economic Summary
Many factors, such as, the aftermath of the pandemic and geopolitical issues impacting global markets have left many countries facing difficulties with the inflation and the rising of interest rates. The consistent inflation in 2022 has set off significant rate rises from the Bank of Canada this year, moving from 0.25 per cent at the beginning of the year to 4.25 per cent by the end of 2022. These recent adjustments are expected to weigh on consumers and businesses in 2023 forcing the Canadian economy to slide into a recession. Although, given the tight labour market and consistent supply chain issues in some sectors of the economy, the recession in Canada is expected to be calm and short-lived.
The strength in commodities is expected to soften some of the economic dents that higher rates will have in Alberta. Although economic growth is expected to slow down, forecasters are not calling for a recession in the province. At the same time, the steady flow of migrants to the province of Alberta, along with job increase concentrated in generally higher-paid industries in Calgary is expected to offset some of the impacts that higher lending rates are having on the housing market.
Forecast Risk
We are expecting to have divergent trends in the market based on the property type and price range as the market transitions away from the pandemic/low-interest rate fuelled growth. Thanks to the recorded high sales accomplished earlier in 2022, the year-to-year adjustments, especially early in 2023, will be way higher than the changes expected in the second half of 2023. The biggest risk to the forecast this year is centred around home prices.
Coast to Coast Comparison
The pandemic and extremely low lending rates contributed to the housing boom all across the country of Canada. Although the price rises in Alberta were not as powerful as in other parts of the country as we walked into the pandemic with a market that favoured the buyer.
Alberta's economy was hurting as the drop in energy prices in 2014 resulted in significant job loss, a loss of migrants and an economic contraction, all before the pandemic. By the end of the year in 2019, home prices in Calgary and Edmonton were lower than the levels recorded in 2014. Meanwhile, Canada's largest cities didn't go through the same ordeal of economic hardships and over the five-year period prices have raised a decent amount over this time. Larger centres had less supply in their markets and the sudden growth in demand forced price gains that were decently higher than what has been seen in our cities, when the pandemic hit. Calgary home prices only recovered in 2021, and while supply difficulties compared to demand did resolve in strength gains in 2022, over the pandemic period price growth was still half of what was seen in other centres.
More recent gains have had more of an impact on home sales in Toronto and Vancouver. Slowing sales in these markets have impacted the country's numbers causing many to forecast price declines in Canada. It's also important to note that even with the forecasted price declines expected in larger markets in Canada, those declines are not expected to make all the gains that occurred through the pandemic disappear. Although Calgary and Edmonton are not immune to the impacts of inflation and larger lending rates, they have not experienced that same amount of level gains and are not expected to ride the same amount of declines. Thanks to larger commodity prices, an adjustment in interprovincial migration and relative affordability, Alberta is expected to not face the shifts as other areas of the country.
Lending Rates & Inflation
Less inflationary pressure is to be expected in the year of 2023, which should deflect any significant rate gains in 2023. The Bank of Canada is not expected to lower overnight target rates until 2024, while the depth and length of a national recession can impact lending rates and inflation. However, our country could see a shortening spread on mortgage lending rates before the end of 2023.
Population
Most of 2022, Alberta experienced a surge in both international and interprovincial migration contributing to tighter rental markets and ownership demand. Constant economic growth and relative affordability is to be seen to support elevated migration levels well into 2023. Most of the interprovincial migration has been driven by people locating from Ontario and BC to Alberta. The change in migration is on track to help offset the impact of larger lending rates and support a housing market that is stronger than pre-Covid levels.
Employment Update
The city of Calgary has seen the largest rise in employment in the province as it has gained not only from job growth related to the removal of COVID restrictions but also recorded strong gains in professional, scientific, and technical jobs. Growth in jobs is expected to slow down in the year of 2023 by one percent. However, previous highs in professional jobs and further gains in the sectors such as healthcare should remain to help a relatively stronger housing market.
Housing Supply
Calgary hasn't fought supply difficulties for some time, but resale inventories ended in 2022 at the lowest levels seen since the pre-financial crisis in 2005. Although some of the supply difficulties are expected to be recognized by the new home sector, there is no indication that current construction levels relative to the population will create a plan where we will see much more supply come into the market. Especially with apartment-style products, where almost half of the total beginnings this year are intended for the rental market. Newer supply in the detached market leans towards being at a higher price point offering limited supply relief for lower priced detached homes. A large concern is that the supply levels remain low relative to demand which could prevent home prices from stabalizing this year.
Calgary Resale Market
Sales action was intended to be strong in the spring and slower in the last half of the year following rate gains, in the year of 2022. The unexpected was the reported high levels of sales accomplished earlier in the year, resulting in a record year in sales.
The rise in lending rates forced a surge in sales over the first quarter of 2022. Conditions in the city started to change by June after the third consecutive rate gain and steep price gains caused sales to slow down in the detached sector. City wide sales peaked record levels in 2022, thanks to the strong growth in row and apartment properties. At the same time, the decent growth in new listings in 2022 was not nearly enough to balance the gains in sales and supply levels have stayed low, especially for lower-priced products.
Prices began to rise by over 14 percent from the end of 2021 to the peak in May 2022, as sales growth far surpassed the additions to supply. From the high in May to the end of 2022 prices declined, but not enough to offset the earlier gains as annual standard prices rose by 12 per cent.
Detached
Sales in detached homes experienced a high rise early in 2022 with many pullbacks later into the year. Declines later into the year offset earlier gains and annual sales fell by about seven per cent. Although larger lending rates impacted sales action, the decline was driven by easing sales in the lower price ranges. The extreme decline in new listings for homes priced below $500,000 supplied limited selections for potential purchasers searching for affordable detached homes, limiting the sales in those ranges. While yearly sales did expand in higher price points by the end of the year, further rate gains did dampen actions in the upper price ranges too.
Supply gains later in the year of 2022 were limited to the upper price ranges ending in divergent conditions that were dependent on price, while conditions remained tight across all price ranges throughout the spring. Near the end of 2022, the outcome was persistent seller's market conditions for lower-priced detached homes and levelled conditions in the upper price ranges. Altogether recent price changes did not offset the earlier gains and annual prices stayed 14 per cent higher than 2021.
Moving into 2023, we forecast that supply levels will continue relatively low for affordable products as larger lending rates will deflect more move-up opportunities for some buyers and prevent sales growth in detached homes. At the same time, most of the new construction tends to be aimed at the higher price ranges restricting the options for consumers in the lower price ranges. However, supply levels are anticipated to rise more in the higher price ranges relative to demand which will produce some downward pressure on home prices outweighing any gains that may still be happening in the lower price ranges. Altogether, detached home prices are anticipated to ease a little by less than two per cent.
Semi-Detached
Earlier gains were offset by fallback later into the year, leaving yearly sales just below last year's reported level. A decent drop in new listings leaving limited options for prospective buyers looking for much more affordable products, while sales did ease in 2022. Months of supply did enhance in the later part of the year but continued low relative to historical levels. The persistently tight conditions did support yearly standard price gains of 12 per cent.
Moving into 2023, sales action is anticipated to ease relative to the higher levels accomplished over the past couple years but continue stronger than activity recorded before the pandemic as purchasers remain to seek out affordable selections in the market. At the same time, additional supply selections coming from the new home market will add choice to the market. Supply gains are anticipated to support more balanced conditions and ease some pressure off prices, which are expected to stabilize in 2023.
Row
A change toward more affordable housing selections, row sale activity hit a new reported high in 2022. Near the beginning of the year, new listing growth supported stronger sales. However, like other property types, fallbacks in new listings happened in the later part of the year, forcing inventory levels to drop to some of the lowest points in nearly a decade. The tight market conditions helped an annual price rise of nearly 15 per cent.
Larger lending rates will remain to draw consumers to this market sector, but supply levels will most likely remain relatively low in 2023 compared to sales, putting a stop to any significant changes in prices. While we do not expect prices to ease in this sector, the pace of growth is expected to slow to around one per cent.
Apartment
Changes in the apartment condominium sector managed to take longer then other property types as this sector has fought with excess supply for many years. In 2022, a new record high year for sales because sales activity was higher than the previous year in every month. Demand was mainly driven by those looking for affordable options in the housing market. At the same time, rising rental rates are also thought to have increased condominium ownership demand from investors. The large rush in sales in 2022 only happened due to the level of new listings available for this sector. While the growth in new listings supported the sales, growth in sales left behind the addition of new listings and inventories eased as did the months of supply. Tighter market circumstances helped price growth, as the yearly standard price rose by nearly nine per cent in 2022.
Rising prices, combined with higher lending rates, are expected to cool sales activity in 2023. However, the relative affordability of apartment condominiums and rising rental rates are anticipated to keep ownership sales for apartment condominiums above long-term trends. It's still take several months before the market changes into a more balanced territory, while some supply relief is most likely to come through the new home market. Altogether standard prices are anticipated to start to balance this year, helping a modest growth of one per cent, while there could still be some price changes.
Airdrie
All thanks to strength in gains early in the year of 2022, Airdrie sales hit a new reported high. The growth in sales was possible thanks to all the new listings early in the year. However, like other markets, conditions continued tight and forced significant price gains and larger lending rates, sales action started to ease over the last half of the year, enough to force some modest gains in inventory levels and change the market away from the intense seller's market. On a yearly basis the standard price continued to be 20 per cent higher than last year, while prices did start to trickle down from the record high in April.
Moving into 2023, larger lending rates are anticipated to remain to weigh on demand, helping push changes away from tight market conditions. However, supply levels are anticipated to continue relatively low on both the resale and new home side. This should place limits on price changes in 2023.
Cochrane
In the last half of the year, sales in the town of Cochrane eased over last year's reported levels, thanks to fallbacks. However, with 1,136 sales in 2022, levels were 66 per cent higher than long-term trends for the area.
New listings in the town did rise a little bit compared to the previous year, supporting some year-over-year gains in inventories over the later part of the year, unlike some areas. While the rise in inventory has most recently supported the market out of the strong seller's conditions recorded earlier in the year, supply levels are still low by historical standards, which will help prevent a larger change in prices.
Standard prices did fall down from the June 2022 high, but on an annual basis continued almost 17 per cent higher than last year. Detached and semi-detached yearly price gains reached around 20 per cent. Moving into 2023, we should see more even conditions play out as additional supply in the new home market will take some of the pressure off resale activity.
Okotoks
Limited supply compared to the demand in the market persisted throughout most of 2022, supporting a yearly price gain of 16 per cent. However, in 2022 there were some new listings helping further sales growth, which touched a reported-high levels on a yearly basis. Easing sales in the last part of the year did contribute to some year-over-year gains in inventory levels, but altogether supply continued low relative to historical levels.
Moving into 2023, conditions in the market continue relative tight. Changes in the more steady market will be dependent on supply changes. Much of the gains have been multi-family properties, but there has been an increase in new homes starting action, which should support the supply. The tighter conditions will most likely deflect a significant change in price in 2023.
Chestermere
Annual sales had gone down by 13 per cent, strong growth in sales in the first half of the year was not enough to offset the easing that happened at the end of 2022. However, sales eased from reported highs, and with 534 sales is still 54 per cent above long-term trends for the area. The fallback in sales was greeted with a gain in new listings, which started to help support gains in inventory levels and a change to more steady conditions by the end of 2022. Changes away from the extremely tight conditions recorded earlier in the year forced prices to ease from their May peak. However, the total residential yearly standard price in 2022 continued 16 per cent higher than the year before.
Prices are also higher as the yearly detached standard price reached just below $700,000 by the end of the year, while typical detached homes are larger in Chestermere when in comparison to Calgary. Larger lending rates, mixed with more supply selections, will most likely force some changes in prices over the next year, but the changes will be limited thanks to supply levels remaining low based on the historical benchmark.
High River
Closing in on the record high set in 2006, relative affordability in High River kept sales rising in 2022. The gain in sales was possible thanks to the yearly improvement in the new listings in High River. However, new listing growth wasn't enough to push a manager change in inventory levels, which by the end of the year continued lower than the levels recorded in 2022. This also established that months of supply continued relatively tight at less than two months of supply. Tight conditions helped a yearly standard price gain of 14 per cent in 2022.
The typical detached home price in High River is much lower than the other surrounding areas, which could remain to draw people to the area in a community of larger lending rates. However, moving into 2023, the reported low supply levels could deflect more sales action in the area. Overall, larger lending rates are building more cautiousness in the market, which will likely deflect the upward price pressure in the market that usually happens with low supply levels.
Strathmore
Sales continue relatively untouched over the previous year, mainly because sales growth in the earlier part of the year was met with a fallback in the last few quarters. It was not enough to help inventory growth, even though there were some modest gains in new listings. In fact, on average inventory levels in 2022 were 50 per cent lower than the usual levels. Earlier in the year, tight conditions did help support price gains. On a yearly basis the standard price rose by 11 per cent, while prices eased from the monthly peak in June, similar to other surrounding areas.
Moving into 2023, larger lending rates will weigh on sales. Although, with supply levels continuing relatively low, prices in the area should continue steady compared to 2022.
Canmore
Sales in Canmore eased over last year's reported high but continued well over the long-term trends in the area. The improved wedge between sales and new listings did force inventory levels to trend up by the end of 2022, while new listings did fallback, likely preventing stronger sales. This also forced a change from stronger seller market conditions to a market that is more steady.
A change to more steady conditions took some of the pressure off prices after touching a reported high in June. Despite some changes, the yearly standard price lifted by 17 per cent. The price growth was higher for detached homes where the yearly standard price touched $1,307,808, a 23 per cent increase over the year before.
2023-01-25T17:44:00-07:002023-02-02T18:16:13-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:16711Perfect Valentine Gift IdeasPerfect Gift Ideas For Valentine's Day
<img src="https://assets.site-static.com/userfiles/419/image/2023/Divine_Creations_Floral_Shop_Valentine_Days.jpg" width="800" height="300" alt="Bouquets of flowers" title="Divine Creation Floral Shop" />
Divine Creations Floral Shop
Flowers are always a go to gift for Valentines Day and never will go out of style. At Divine Creations Floral Studio you can find beautiful arrangements of many different flowers. Their aggrangements use fresh, seasonal flowers and you can order from online on their website or you can pick flowers up in store. You can choose between vase flowers or tied flowers and not only do they create flowers bouquets they also support flowers for weddings, prom crosages, plants and more. Flowers are a beautiful and thoughtful gift for recieve for any occasion and this store is a great place to grab those beautiful flowers for your loved ones.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Calgary_Cafe_Passport_Valentines_Day_Gift_Ideas.jpg" width="800" height="300" alt="Coffee in a mug with a notebook beside it" title="Calgary Cafe Passport" />
Calgary Cafe Passport
Calgary is filled with over hundreds of coffee shops ranging all through the city. The Calgary Cafe Passport is a extremely thoguhtful gift for someone who loves their coffee and trying out new places. This passport allows for you to find new and hideen coffee shops you maybe have never heard of and you get to rate and comment your experience. It gives you the chance to try different places, maybe in hopes of finding your new favorite place to go hang out and drink so delicious coffee and goodies as well. The Cafe Passports mission is to support small local businesses by spotlighting the hidden gems that exist in our community. They can be purchased online and shipped to you and also if you want to ship directly to someone else, they will do that as well.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Epiphanie_Choclate_Valentines_Day_Gift_Ideas.jpg" width="800" height="300" alt="Chocolate Stand filed with different chocolate" title="Epiphanie Chocolate" />
Epiphanie Chocolate Shop
Is your partner a sweets and chocolate lover? Then Epiphanie Chocolate is the place to go, they are known to make some of the best chocolate in Calgary. They not only care about the freshness of their choclate but they are passionate about creativity and the pureness of the choclate they sell. Some of their creations are so out of the box creative and they also import some of the finest chocolate in the world to create their delcious treats.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Gift_Basket_Valentines_Day_Gift_Ideas.jpg" width="800" height="300" alt="A gift basket full of a variety of smaller gifts" title="Gift Basket" />
Customized Gift Basket
A real unique and very sentimental gift idea is to make a gift basket for your partner. Basically this basket you will fill with all their favorite goodies like snacks, smaller gifts and anything else you think they may like. You can even give the basket a theme that you know would make sense to your partner recieving it. These baskets are quite easy to make and you can become extremely creative with them.
<img src="https://assets.site-static.com/userfiles/419/image/2023/Photo_AlbumScrapbookValentines_Day_Gift_Ideas.jpg" width="800" height="300" alt="Photo album of two individuals and other photos" title="Photo Album/Scrapbook" />
Photo Album/Scrapbook
One of the greatest gifts to recieve is pictures of your favorite memories together. You can easily put together photo album or a scrapbook, keep in mind a scrapbook will take a little more time as crafts are involved. You can get pictures printed at your nearest Staples, London Drugs, Walmart, etc. You will also be able to locate photo albums and scrapbooks at those store or even a Dollar Store. This kind of gift is extremely sentimental and would be the perfect gift for Valentines Day.2023-01-25T13:04:00-07:002023-01-27T09:20:36-07:00Chayne Plazatag:calgarylistings.com,2012-09-20:16581Best Date Night IdeasBest Date Night Ideas In Calgary
<img src="https://assets.site-static.com/userfiles/419/image/2022/Sky_360_Restaurant_-_Best_Date_Night_Ideas.jpg" width="800" height="300" alt="The Calgary Tower" title="Sky 360 Restaurant" />
Sky 360 Restaurant
Want to experience the city from a incredibly different view and enjoy a delcious meal at the same time? Sky 360 is the place to be then. Sky360 is a great idea for a date night with that special someone. Unforgettable food, amazing service, an award-winning wine list and a contemporary design all come together to make this unique dining destination a different experience from the rest. Reservation are mandatory for Sky360 and if you aren't in the mood for a dinner date, they also serve bruch as well. You won't want to miss what this restaurant has to offer, go book your reservation now!
<img src="https://assets.site-static.com/userfiles/419/image/2022/National_Bowling_--_Best_Date_Night_Ideas.jpg" width="800" height="300" alt="Bowling Alley" title="National Bowling" />
National Bowling
If you want to have a little bit more of an exciting night with some activities then bowling at National is a great choice. National consists of 10-pin bowling and you can enjoy some drinks during the game. They also have a restaurant located upstairs if you want to sit down to eat before or after playing and the service at National is top notch and won't disappoint. Bowling at National can be a just a date or if you are going on a double or triple date it is an awesome date idea to take up.
<img src="https://assets.site-static.com/userfiles/419/image/2022/Things_to_do_in_January_2023_525_O_350_px_6.jpg" width="800" height="300" alt="A restaurant including a table, plates, glasses, etc." title="Ajito Restaurant" />
Ajito Restaurant
Love sushi and want an unforgettable experience? Then you will need to check out Ajito Restaurant for your next date. Ajito is a luxurious speak-easy restaurant, meaning it is hidden to the naked eye, but once you find the entrance to the secret restaurant it transport you into a whole new world. They have a wide variety of delicious Japanese dishes and drinks, along with Japanese art and decorations, making you forget you are in the city of Calgary. It is the first hidden Japanese Izakaya in Calgary so this is an experience you will not want to miss.
<img src="https://assets.site-static.com/userfiles/419/image/2022/Things_to_do_in_January_2023_525_O_350_px_3.jpg" width="800" height="300" alt="A Cafe or Coffee shop a picture of the menu and ordering stand" title="Regal Cat Cafe" />
Regal Cat Cafe
Do you and your partner both love cats? Then a perfect date for you two would be to visit the Regal Cat Cafe. An adoarble little cafe located on Kensington where they sell delcious coffee, drinks and goodies. This Cafe has the unique hipster vibe that all of Kensington has so it's also a great place for pictures as well. But this isn't just any cafe, they have a sectioned off area where you get to hangout, play and pet cats. Each cat has their own name and the Regal Cafe is their home, this is the greatest date idea for the cat lovers out there.
<img src="https://assets.site-static.com/userfiles/419/image/2022/Things_to_do_in_January_2023_525_O_350_px_4.jpg" width="800" height="300" alt="A rustic restaurant with a table, glasses, plates, etc." title="Starbelly Restaurant" />
Starbelly Restaurant
Starbelly is a locally owned restaurant and has full varierty of different delcious food and drinks, making it the perfect night out with your special someone. This restaurant sits right in the heart of the newer development Seton and is known to be one of the best restaurants in Calgary, they also don't only serve dinner, but they serve brunch as well. The restuarant it self is extremely beautiful ad astheticlly pleasing to the human eye, they even have a private section you can book out for special events. The service is amazing and they just make the whole experience one to remember. This is a restaurant you for sure need to go and check out.
2023-01-20T15:20:00-07:002023-01-31T16:39:56-07:00Chayne Plaza