The current conditions are setting up for a competitive spring. After what was one of Alberta's strongest Novembers on record for sales, we are heading into December with the lowest inventory levels in November since 2005! The migration into Alberta continues as the population has grown to 4,543,111 which is just about 100,000 more people since the third quarter of 2021. This is putting pressure on the rental market with inventory levels well below the same time as last year, and rent prices climbing as a result. The affordability of housing compared to other major cities in Canada, along with the opportunity for jobs is continuing to keep our Province as a major draw for people to move to. Looking back at sales in Alberta over the top…

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2022 Q4 Calgary rent prices and how they compare to the rest of Canada

Depending on what site you visit or what statistician you reference, Calgary rent prices have gone up between 25-30% in the last calendar year.  For an average apartment condo, Calgary sits 15th on the list [tied with Montreal] when you compare across Canada. Vancouver then Toronto coming in 1-2, of course.  When looking at the 14 other cities ahead of Calgary, I'd still choose YYC over a lot of them from a lifestyle perspective. But that's just me.  Now if you're wondering how much rent can be increased at a time?  Landlords cannot increase the rent payable by a tenant under a fixed term or periodic tenancy agreement until a minimum of one year (365 days) has…

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As anticipated there was a slight increase week over week in the showing activity across the province. Based on the trends over the past couple of years, we can expect this activity to maintain or slightly improve until the end of the month.

The sales activity in the province through the first two weeks of November have equated to the third best start to November in the past ten years. The Alberta market still remains very busy with a slight deceleration. 

For CIR Realty's listings, we are seeing an above average number of showings in the properties listed below $300,000, and above $600,000. The properties in the mid range between $300,000 - $600,000 saw a decline in activity. Our brokerage has also had the third best start to November sales in company…

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A two year GUARANTEE on rental rates? You betcha! Investors: feast your eyes on this opportunity. It's not too often you get offered a guarantee in life, let alone in the real estate world! This is your chance to pick up a unit [or two] in a high-end concrete tower well located in Calgary's east side Betline, Victoria Park area.

This is a ONE DAY sales event in which the developer will provide an addemdum to the purchase contracts, offering a guaranteed rental rate on a select number of available floor plans.

Saturday, October 24th commencing at 12pm.

To attend you will need to RSVP by clicking on this link and submitting your information in the form below.

The Orchard, by Lamb Developments, will be a stunningly unique project boasting an…

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And we're back with another month end review!

Stats from March 2015 show that days on market has increased, but sales are up 46%, prices are up 2.5% and we have an overall more active market when compared to the first couple months of the year.

The ever so talked about whirlwind 2015 Calgary market continues as we head into the spring months where I estimate we will see some solid sales numbers  and energetic activity with the amazing lending rates.

Calgary Real Estate Infographic
INFOGRAPHIC created for CIR Realty by http://www.joesamson.com

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Looks like the media's scary reports aren't pushing Calgary sellers to hit the panic button quite yet...which is a great - avoid the emotional, drastic decision and hang tight. We'll be ok in the long run!

February 2015 stats show that things have definitely cooled off, but sales are up from January and listings are down overall.

Beautiful! A levelling market isn't a bad thing at all. With the incredible, record low lending rates out there, I think we could still see some solid numbers as we head into spring.

Calgary Real Estate Infographic
INFOGRAPHIC created for CIR Realty by http://www.joesamson.com

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