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Own Your Space, Build Your Wealth

Here are some interesting stats on how owning a home impacts your overall wealth. I also note that there may be other financial advantages, including equity growth and possible tax benefits. 

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com

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June sales decline amid supply challenges and rising prices

Sales in June reached 2,738, marking a 13% decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17% higher than long-term trends.

This month, new listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72%. Inventory levels did improve over last year’s low levels, primarily due to gains in the higher price ranges. However, with 3,789 units available, levels remain 40% lower than long-term trends.

The modest change in inventory levels helped increase the months of supply. However, at 1.4 months, conditions continue to favor sellers. Persistently tight conditions drove further price gains this month.

In June, the unadjusted benchmark price rose to $608,000, a gain over last month and nearly 9% higher than last year. Prices rose across all districts, with the most significant year-over-year gains occurring in the North East and East districts.

What does this mean for you?

Buyers: Act quickly in this competitive market to secure your dream home before prices rise further.

Sellers: Take advantage of the seller-favorable conditions and rising prices to get the best value for your property.

Contact me today to discuss how we can help you navigate this dynamic market!

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com

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I have sold a property at 40 Woodgreen CRESCENT SW in Calgary

I have sold a property at 40 Woodgreen CRESCENT SW in Calgary on Jun 27, 2024. See details here

This stylish classic in Woodlands is the epitome of elegance and retains a wonderful sense of charm alongside thoughtful modern upgrades. You’ll notice beautiful character details beginning right at the front door. Inside, a large entryway is open to the living room, where a huge bay window welcomes tons of sun from the south. Pristine hardwood floors showcase the meticulous care this home has had over the years. The quintessential floorplan flows through a large dining room, where a picture window fills the space with natural light. In the kitchen, gorgeous original cabinetry with stained glass details pairs with newer stainless appliances and upgraded countertops. The breakfast bar is sure to be a favourite gathering point when you have guests over, and the split-level design steps down to a stunning family room where original wood paneling creates a luxe ambiance that encourages you to relax in front of the unique wood-burning fireplace. French doors lead to a solarium, the perfect place for your plants and year-round activities. The double attached garage enters to a hallway, where you will find a bedroom that would make a great guestroom or home office. There is a full bathroom here, as well as a laundry room. Upstairs, the primary suite is incredibly spacious, with double closets and a full ensuite. Both secondary bedrooms are generous, and there is another full bathroom on this storey. Downstairs, a rec area is ready for your games and hobbies and includes plenty of storage space. A second family room centres around a gas fireplace, and there is a guestroom on this level as well. The utility room offers tons of extra room for seasonal items, and there is a utility sink here too. Outside, the backyard is a peaceful oasis, with manicured garden beds and mature trees edging the lawn. A spacious patio is perfect for grilling and relaxing while kids and pets play, and a shed makes organizing your garden tools a breeze. This home backs directly onto Woodview Park, which also holds the local elementary school as well as the community association. The local shopping plaza is also just steps away; you have everything you could possibly need right at your doorstep here. Within a block, you can access Fish Creek Park, which offers hours of exploring and activities in nature. Also nearby, the golf club, Costco, and Macleod Trail offer a range of amenities that make this an amazing location. Downtown commuters will love the short drive to downtown, and outdoor enthusiasts will appreciate the proximity to Stoney Trail – you can be out of town in minutes. See this one today!

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Dreaming Of Your Own Piece Of Paradise?

Have you ever been on vacation somewhere and thought, “This is my idea of paradise. I wish I never had to leave.” But then you reluctantly pack up and go back home, leaving that dream behind.  What if there was a way you could make that dream a reality and own a vacation home or second home in that spot? It may be easier than you think! Here are some suggestions on how to start that thought process. And of course, I am always here to help you as well, to find your next dream home, whether it’s nearby or in a far-off location.   

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com

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I have sold a property at 393 Point Mckay GARDENS NW in Calgary

I have sold a property at 393 Point Mckay GARDENS NW in Calgary on Jun 19, 2024. See details here

Classically styled with warmth and comfort in mind, this beautiful Point McKay townhome is well-appointed, yet has enough original elements left to present an exciting opportunity if you’ve ever dreamed of upgrading to suit your personal aesthetic. Inside, a large foyer is shared with the attached garage entry, then steps up to a bright and open main floor. A gas fireplace in a charming brick hearth is the focal point of the living room, set opposite sliding glass doors that flood the space with natural light from the west-facing balcony. Exposed beams and newer plank floors enhance the cottage-chic feel that invites you to sit down and relax with your beverage of choice as you watch the sunsets Calgary is known for. A formal dining area is big enough for all your gatherings, and the layout flows smoothly back into the kitchen, where white cabinetry and shiplap details again evoke a subtle country-inspired flair that might make you want to bake a loaf of fresh bread. The breakfast nook includes a large pantry perfect for keeping you organized and well-stocked, and you can open the sliding glass door to enjoy a sunny back deck perfect for BBQing Up the stairs, an oversized landing with open railings would make a lovely reading nook. The top level starts with a huge primary bedroom, complete with dual closets and plenty of room for a desk or sitting area. The ensuite is generous and includes a glassed-in shower with attractive tile work. There are two secondary bedrooms on this storey, which is a coveted floorplan in this complex, and they share the spacious main bathroom. In the basement, you will find a laundry room as well as a big flex area that could easily fit your home gym, an office, or seasonal storage. This area is one of the most in-demand due to its exceptional locale. In just steps, you can be on the Bow River Pathway, which offers miles of walking, running, or cycling enjoyment, as well as recreational options such as the outdoor fitness park, tennis courts, and off-leash areas. Also, within walking distance, popular hotspots include the luxurious Riverside Spa or the iconic Lazy Loaf and Kettle restaurant. Cyclists will love that they can commute downtown along fully paved pathways, and drivers can be there in only ten minutes. Both the Foothills and Children's Hospitals are nearby, as is the University of Calgary. A range of amenities is only a short drive away at Market Mall or in trendy Kensington, and proximity to primary routes makes this central community one of the best connected in the city, plus you can be headed out west and into the mountains in just minutes.

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New property listed in Woodlands, Calgary

I have listed a new property at 40 Woodgreen CRESCENT SW in Calgary. See details here

This stylish classic in Woodlands is the epitome of elegance and retains a wonderful sense of charm alongside thoughtful modern upgrades. You’ll notice beautiful character details beginning right at the front door. Inside, a large entryway is open to the living room, where a huge bay window welcomes tons of sun from the south. Pristine hardwood floors showcase the meticulous care this home has had over the years. The quintessential floorplan flows through a large dining room, where a picture window fills the space with natural light. In the kitchen, gorgeous original cabinetry with stained glass details pairs with newer stainless appliances and upgraded countertops. The breakfast bar is sure to be a favourite gathering point when you have guests over, and the split-level design steps down to a stunning family room where original wood paneling creates a luxe ambiance that encourages you to relax in front of the unique wood-burning fireplace. French doors lead to a solarium, the perfect place for your plants and year-round activities. The double attached garage enters to a hallway, where you will find a bedroom that would make a great guestroom or home office. There is a full bathroom here, as well as a laundry room. Upstairs, the primary suite is incredibly spacious, with double closets and a full ensuite. Both secondary bedrooms are generous, and there is another full bathroom on this storey. Downstairs, a rec area is ready for your games and hobbies and includes plenty of storage space. A second family room centres around a gas fireplace, and there is a guestroom on this level as well. The utility room offers tons of extra room for seasonal items, and there is a utility sink here too. Outside, the backyard is a peaceful oasis, with manicured garden beds and mature trees edging the lawn. A spacious patio is perfect for grilling and relaxing while kids and pets play, and a shed makes organizing your garden tools a breeze. This home backs directly onto Woodview Park, which also holds the local elementary school as well as the community association. The local shopping plaza is also just steps away; you have everything you could possibly need right at your doorstep here. Within a block, you can access Fish Creek Park, which offers hours of exploring and activities in nature. Also nearby, the golf club, Costco, and Macleod Trail offer a range of amenities that make this an amazing location. Downtown commuters will love the short drive to downtown, and outdoor enthusiasts will appreciate the proximity to Stoney Trail – you can be out of town in minutes. See this one today!

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Bank of Canada Reduces Policy Rate by 25 Basis Points! 📉

📌 For Homeowners: The Bank of Canada has reduced the target for the overnight rate to 4¾%. This means lower interest rates, making it an ideal time to consider refinancing your mortgage. Lower rates can significantly reduce your monthly payments and overall interest costs.

📌 For Aspiring Homeowners: Now is the perfect time to get pre-approved for a mortgage! With the rate reduction, you'll find more affordable borrowing options, making your dream home within reach. Let's get you connected with a mortgage broker to start the pre-approval process.

📌 For Investors: The easing of monetary policy can stimulate economic growth, making real estate investments more attractive. Lower borrowing costs enhance your ability to finance new investment properties and improve your portfolio's profitability.

Whether you're looking to refinance, get pre-approved, or expand your real estate investments, I'm here to help! Let me refer you to a trusted mortgage broker for your pre-approval or refinancing needs. Once you're pre-approved, I'd love to assist you in achieving your real estate goals.

🏡 Ready to Make a Move? Let's Talk! 📞 Contact Me Today! 

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com

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I have sold a property at 1410 6224 17 AVENUE SE in Calgary

I have sold a property at 1410 6224 17 AVENUE SE in Calgary on Jun 3, 2024. See details here

Set perfectly across from the park, this lovely top-floor flat in Red Carpet’s Elliston Park complex offers a convenient location across from beautiful Elliston Lake with its network of parks and pathways. Inside, this well-maintained unit is stylish and move-in ready, yet also holds opportunities to remodel to your taste. A galley kitchen off the entryway provides plentiful cabinet and counter space, and a diner window is a unique feature that adds an airy feel. The adjacent dining room is ready for hosting family dinners, and the open layout is perfect for gatherings, flowing into the living area, where a gas fireplace invites you to curl up on cozy nights. On warm days, welcome in the breeze along with all the natural light through the sliding glass doors, or step out to a large covered balcony to fire up the grill or simply relax and watch the world go by. Both the primary and secondary bedrooms are generous, as is the bathroom. The condo also includes in-suite laundry as well as a large pantry and storage room; great for your seasonal items. In steps, you can enjoy the gorgeous scenery along with some exercise in Elliston Park and the 68th Street Wetlands. For all your shopping needs, a plethora of shops and services are also within walking distance in the nearby Forest Hills Plaza. This is an excellent location if you commute, with easy access to Deerfoot or Stoney Trail and only a 15-minute drive to downtown Calgary. It’s also just minutes from Chestermere, so you can easily visit friends and family there or get out on the lake if that’s your style. See this one today!

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Why Now is the Perfect Time to Buy a Vacation Home | Summer Market Update 2024

Canadians spent $6B on US vacation homes from 2022 to 2023. 🏡 Now might be your time to buy one too—perfect for relaxing, working remotely, or family gatherings. Real estate is a great investment and lifestyle choice!

Questions? Drop them in the comments! Like, share, and follow for more updates. Reach out if you're ready to find your dream vacation home!

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com


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I have sold a property at 32 Arbour Crest DRIVE NW in Calgary

I have sold a property at 32 Arbour Crest DRIVE NW in Calgary on May 31, 2024. See details here

Welcome to your dream home in the highly sought-after Arbor Lake neighborhood! This stunning, light-filled, renovated four-level split offers 1778 square feet of beautifully designed living space. You'll be captivated by the newly designed kitchen, featuring luxury vinyl plank flooring, remodeled bathrooms, and a BRAND NEW FURNACE installed in 2024. The home also boasts the elimination of Poly B plumbing for your peace of mind. Step into the living room and be greeted by soaring ceilings and a charming bay window that fills the space with natural light. The newly renovated kitchen will inspire your culinary creativity with its stainless steel appliances, quartz countertops, under-counter lighting, and modern cabinetry. The luxurious master bedroom features a walk-in closet and a beautifully remodeled ensuite bathroom with a stand-up shower and glass sliding door. Two additional bedrooms on the upper floor provide ample space for family or guests. The spacious family room, with its walk-out access to the yard, built-in cabinets, and cozy gas fireplace, is perfect for entertaining or relaxing. An additional refurbished bathroom adds convenience and style. The finished basement level is ideal for a home office or recreational area, offering flexibility to suit your needs. Living in Arbour Lake, the only Northwest Lake community in Calgary, means enjoying countless family-friendly activities. Just a block away from the lake, you can indulge in swimming, skating, boating, fishing, and party room rentals. Arbour Lake was also named one of the best neighborhoods by Avenue Magazine, making it an even more desirable place to call home. Don't miss the opportunity to make this exceptional property yours!

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I have sold a property at 304 501 57 AVENUE SW in Calgary

I have sold a property at 304 501 57 AVENUE SW in Calgary on May 17, 2024. See details here

Beautifully designed and conveniently located, this Windsor Park condo offers the perfect home base for your lifestyle. Inside, high-end finishes will immediately catch your eye and you will love the spacious layout. In the kitchen, full-height wood cabinetry and granite counters create a warm, elegant aesthetic with upgraded appliances and great lighting. A central island with a flat top range allows conversations to flow easily into the living room, which is big and bright. The open floorplan also includes a dining area perfect for meals with friends, and a generous balcony invites grilling and entertaining on sunny days. There are two large bedrooms, ideal for your home office, a roommate, or your overnight guests. The bathroom is well-appointed, and this unit includes in-suite laundry in the storage room. The Chinook is a well-managed complex with assigned parking and a rooftop patio over the covered car park. Convenience is unparalleled, as this flat is only one block from Chinook Mall and steps from the plethora of amenities along Macleod Trail. The golf course and the river valley are nearby, offering plentiful options for recreation as well. Downtown is less than ten minutes by car, or you could walk across the road and hop on the LRT for your commute. Proximity to primary routes and the central location makes visiting friends around the city a breeze. See this one today!

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Real Estate As A Generational Wealth Builder

Canada's real estate market is on fire, leading the global rebound post-counter-inflationary interest rate hikes. Today, 73% of us still believe in the power of homeownership, but many feel it's just out of reach.

But wait, there's good news! Homeowners with equity can pave the way for the next generation's dream home by assisting with down payments. It's the ultimate financial legacy, securing your family's future.

Last year, 35% of first-time buyers in Canada received this crucial help. Think about it: homeowners have 40 times the net worth of renters! Let's set our families up for success. Down payment assistance opens doors to better neighbourhoods, top schools, and a secure future. And guess what? It can even keep retirement accounts intact.

Considering a move in 2024? Why not relocate closer to family and reap the rewards of your investment? For those aiming to climb the real estate ladder, it's time for that crucial conversation with family. Let's get your credit score and savings aligned for success.

Have questions? Reach out! Expert advice awaits. Let's build generational wealth together!

Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com

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Did you know?
Did you know? A whopping 66% of Canadians proudly call their house a home. Whether you're dreaming of stepping into your first home, finding the perfect space to accommodate your growing family, or seeking a smart investment opportunity, there's never been a better time to make your move in Calgary!

As a Realtor deeply rooted in Calgary's vibrant community, I'm not just here to sell houses—I'm here to empower you to embark on the next chapter of your life with confidence.Whether you're looking to buy, sell, upsize, downsize, or invest, let's navigate this journey together.

Every home tells a unique story, and I'm committed to helping you find the one that perfectly aligns with yours. Let's explore the possibilities and turn your real estate aspirations into reality.

Your home is more than just four walls—it's a sanctuary, an investment, and a reflection of your dreams.

Let's seize this moment and transform your vision into an inspiring reality.

Ready to take the next step? Reach out today, and let's embark on a journey that's as exciting as it is rewarding. Your dream home awaits in Calgary!

Jason Streich
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May is more than just flowers blooming!
May is more than just flowers blooming—it's also the perfect time to plant your roots in a new home! With spring in full swing, the housing market is bustling with opportunities. From longer days to warmer weather, there's something about May that makes house hunting an adventure.

Let's chat about why this month could be the ideal time for your next move.

Jason Streich
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Upgrade your shower experience with the latest in smart technology!

From music to lighting, precise temperature control to conservation-minded features, these high-tech showers bring the spa to your home.

Check out our top picks:

Kohler DTV+ System: Control everything from temperature to spa mode with a waterproof touchscreen panel. Prices start at $1,353.

Hai Smart Showerhead: Track water usage and conservation goals with customizable LED lights, all powered by your shower's flow. Available for $199.

Moen Smart Shower: Schedule your perfect shower experience via app or voice command, with a pause feature for interruptions. Visit Moen.com for pricing.

Reva: Save water effortlessly with its self-powering sensor, reducing flow when not in use. Available for $225.

Upgrade your shower game today! ✨

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I have sold a property at 3933 Point Mckay ROAD NW in Calgary

I have sold a property at 3933 Point Mckay ROAD NW in Calgary on May 14, 2024. See details here

Designed by Alykhan Velji and featured in Western Living Magazine, this stunning Point McKay townhome backs directly onto the Bow River Pathway; one of the best locations of the entire complex. Inside, every room is bright and modern, including elevated lighting and accents that subtly infuse cultural charm throughout. A spacious entry welcomes you, and up the stairs, you will be captivated by the amazing natural light in the living room, enhanced by transom windows and four-panel patio doors that connect the indoor and outdoor living spaces. Accent and recessed lighting frame the room, drawing the focus to the electric gas fireplace and custom built-ins. Beautiful hardwood spans this level and the next one, where you will find an incredible eat-in kitchen. The floorplan has been opened to offer tons of counter and cabinet space and a wonderful airy feeling with an overlook to one end and big windows to the other. Marble counters are a luxurious choice, and they form a stylish contrast with high-end stainless appliances and dark pewter-toned backsplashes. An oversized farmhouse sink and industrial-chic pendant lighting add a functional elegance. The laundry room offers additional storage, and a statement powder room is edgy and cool with geometric wallpaper and a black commode. As you head upstairs, a captivating multi-pendant chandelier illuminates the stairwell. The primary bedroom is spacious and serene, with big windows and custom closets. The focal point of the ensuite is the tiled shower, where a rainfall showerhead and body sprays create a decadent experience. Both secondary bedrooms are generous with large closets, and the main bathroom is exceedingly well-appointed. Hunter Douglas Pirouette motorized blinds and triple-pane windows are in every room of the home. Downstairs, the finished basement is a lovely multipurpose space with a hidden media console and room for your theatre, office, or gym. This home has all the upgrades, with updated major appliances including the furnace and a tankless water heater. Even the attached garage is heated and fully finished with corrugated floors. Outside, the southwest-facing deck is massive and feels incredibly private backing onto the river path. Both the front and back yards are professionally landscaped with perennials flowering throughout the season. Walk to the tennis courts, or enjoy miles of parks and pathways that line the Bow River right at your doorstep. Cyclists can commute right into downtown along the paths. This area holds local favourites like the Riverside Spa and the Riverside Club, as well as nearby LICS Ice Cream and the Lazy Loaf and Kettle. A short drive will take you to both the Foothills and children’s hospitals or the University, and the range of amenities at Market Mall is convenient as well. Foodies will adore the restaurant scene in trendy Kensington just down the road, and in just one turn you can be headed west to the mountains for skiing, hiking, or a little R&R. See this one today!

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New property listed in Red Carpet, Calgary

I have listed a new property at 1410 6224 17 AVENUE SE in Calgary. See details here

Set perfectly across from the park, this lovely top-floor flat in Red Carpet’s Elliston Park complex offers a convenient location across from beautiful Elliston Lake with its network of parks and pathways. Inside, this well-maintained unit is stylish and move-in ready, yet also holds opportunities to remodel to your taste. A galley kitchen off the entryway provides plentiful cabinet and counter space, and a diner window is a unique feature that adds an airy feel. The adjacent dining room is ready for hosting family dinners, and the open layout is perfect for gatherings, flowing into the living area, where a gas fireplace invites you to curl up on cozy nights. On warm days, welcome in the breeze along with all the natural light through the sliding glass doors, or step out to a large covered balcony to fire up the grill or simply relax and watch the world go by. Both the primary and secondary bedrooms are generous, as is the bathroom. The condo also includes in-suite laundry as well as a large pantry and storage room; great for your seasonal items. In steps, you can enjoy the gorgeous scenery along with some exercise in Elliston Park and the 68th Street Wetlands. For all your shopping needs, a plethora of shops and services are also within walking distance in the nearby Forest Hills Plaza. This is an excellent location if you commute, with easy access to Deerfoot or Stoney Trail and only a 15-minute drive to downtown Calgary. It’s also just minutes from Chestermere, so you can easily visit friends and family there or get out on the lake if that’s your style. See this one today!

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April 2024 | Calgary Real Estate Housing Market Update
Price growth persists in Calgary as Seller’s market prevails

Sales in April rose by 7% compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37% higher than long-term trends for the month.

Much of the growth in sales has occurred for relatively more affordable, higher-density products.

At the same time, there were 3,491 new listings in April, an 11% gain over last year but only 3% higher than long-term trends.

The rise in new listings compared to sales prevented any further deterioration of the inventory situation. However, with 2,711 units in inventory, levels are 16% below last year and half of what is traditionally seen in April.

With a sales-to-new-listings ratio of 83% and a months of supply of less than one month, conditions continue to favour the seller, driving further price gains in the market.

In April, the unadjusted total residential benchmark price reached $603,700, a one per cent gain over last month and nearly 10% higher than last year's levels.

Price gains occurred across all property types and districts of the city. The strongest price growth occurred in the more affordable districts of the city.

For those contemplating selling, I can provide a comprehensive market analysis to show just how much your property has appreciated in value and discuss strategic pricing to attract serious buyers quickly. Let's connect today!

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