The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.
Here, a look at what CREB has to say about the Calgary economy. If you are looki...
There is a lot of talk circulating about interest rates coming down this year. In fact, fixed rates (which are based on the bond market) have already started to improve slightly and are expected to continue to improve. Variable rates, which are directly affected by the overnight lending rate set by the Bank of Canada, are also expected to start com...
Once again, we are doing the Happy Dance over here!
2024 has certainly started off on the right foot, with news that we were (once again) ranked the #1 Team at Re/Max House of Real Estate for 2023! The last few years have been a wild ride in Calgary's crazy real estate market - certainly keeping us on our toes! Even though the year has already start...
Every January, the city sends out tax assessment notices advising property owners of their assessment values for yearly tax purposes. There are so many myths and misunderstandings surrounding how tax assessments work that even many Realtors don’t understand it! Let's break it down so it's easy to digest and clear up any confusion. Here are the top...
Legalizing an existing secondary suite in Calgary is becoming more common due to the recent up-zoning and changes in the bylaws affecting both existing and new suites. Legalizing a secondary suite can offer numerous benefits, such generating more income, increasing property value, and aligning with the City's bylaws.
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.