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Supply on the rise, but not across all price ranges!

As Calgary transitions into the winter months, its housing market is showing classic seasonal trends, but with some unique highlights this year. Whether you’re looking to sell, buy, or invest, here’s a breakdown of what you need to know.

Sellers: Inventory levels have risen to 4,352 units, a significant increase from last year. However, the market still favors sellers in many segments, especially for properties priced under $700,000. Detached homes saw a 7% price increase year-over-year, while semi-detached homes reached an 8% gain.

Buyers: More supply means better opportunities! With over two months of inventory, buyers have more negotiating power and a wider range of options, particularly in the row home and apartment sectors.

Investors: The apartment market continues to thrive, with benchmark prices up 9% year-over-year. Units priced between $300,000 and $500,000 have seen the most significant inventory growth, offering excellent investment potential.

Despite seasonal price adjustments, Calgary’s real estate market is still outperforming long-term trends. Whether you’re selling, buying, or investing, now is the time to explore your options.

Let’s connect today and craft a strategy tailored to your goals!

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

Read Full CREB Report

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I have sold a property at 579 Point Mckay GROVE NW in Calgary

I have sold a property at 579 Point Mckay GROVE NW in Calgary on Dec 4, 2024. See details here

Beautifully renovated, this Point McKay townhome is a coveted end unit, where extra windows along the side bring in amazing natural light. Mature trees frame the covered front porch, and a tidy curb appeal includes a new garage door. Inside, a big, bright entryway welcomes you home and provides access to the single-attached garage. Step up to the main level, where oak hardwood is stylish and timeless, and a gas fireplace in a floor-to-ceiling stone hearth makes a gorgeous statement. Soaring ceilings combine with big windows on two sides, filling the space with sunshine throughout the day. Built-ins create an eye-catching backdrop and enhance the feeling of openness as you step up into the dining room. You will notice refreshed paint and lighting throughout the house, and the windows have all been updated as well. A large kitchen features upgrades such as refreshed light-coloured cabinetry that forms an elegant aesthetic with stainless appliances and granite counters. A breakfast nook enjoys another big window with lovely views facing south toward the river. A full pantry and a powder room complete this level. Upstairs, the expansive primary bedroom is a true retreat, complete with dual closets and a private sitting area that could easily serve as a home office. Shared cheater access with the main bathroom is a clever design choice. The bathroom offers an oversized vanity with plentiful storage, and lovely tile work extends into the stone shower, where a bench and a selection of rainfall, angled, and body jets are sure to make each shower a luxurious spa experience. There are two more bedrooms on this storey; another desirable feature of this floorplan. The lower level is partially finished, with a flex area perfect for a home studio or simply seasonal storage. In the utility area, a newer washer and dryer, a utility sink, and shelving and hanging space make laundry day a breeze. Outside, a landscaped oasis awaits. The brick patio is edged with gardens, including a lovely shade tree, and a pond provides a lovely ambiance in the warm months. There are no direct neighbours to the front, side or back, giving this unit a secluded feel. The yard backs onto a greenspace, and just steps away, the Bow River offers endless hours of enjoyment in the various parks and pathways that line it. The amenities of the Riverside Club are in walking distance, giving you access to the spa, golf centre, tennis courts, and pool, as well as the Riverside Towers shops. Other area favourites in walking distance are LICS Ice Cream and the Lazy Loaf and Kettle. A short drive takes you to trendy Kensington or up-and-coming Montgomery, where Calgary’s food scene and local shops are highlights. Downtown commuters can either drive or bike to work in about ten minutes! The Foothills and Children’s hospitals are nearby, making this area a favourite for medical professionals. If mountain adventures call, you can be headed west past the city limits in minutes. See this one today!

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Living With Grace & Gratitude

Grace and gratitude are more than words—they’re actions! Show patience, extend kindness, and express thanks. Let’s inspire a movement of positivity! What’s your favourite way to show gratitude?

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New property listed in Point McKay, Calgary

I have listed a new property at 579 Point Mckay GROVE NW in Calgary. See details here

Beautifully renovated, this Point McKay townhome is a coveted end unit, where extra windows along the side bring in amazing natural light. Mature trees frame the covered front porch, and a tidy curb appeal includes a new garage door. Inside, a big, bright entryway welcomes you home and provides access to the single-attached garage. Step up to the main level, where oak hardwood is stylish and timeless, and a gas fireplace in a floor-to-ceiling stone hearth makes a gorgeous statement. Soaring ceilings combine with big windows on two sides, filling the space with sunshine throughout the day. Built-ins create an eye-catching backdrop and enhance the feeling of openness as you step up into the dining room. You will notice refreshed paint and lighting throughout the house, and the windows have all been updated as well. A large kitchen features upgrades such as refreshed light-coloured cabinetry that forms an elegant aesthetic with stainless appliances and granite counters. A breakfast nook enjoys another big window with lovely views facing south toward the river. A full pantry and a powder room complete this level. Upstairs, the expansive primary bedroom is a true retreat, complete with dual closets and a private sitting area that could easily serve as a home office. Shared cheater access with the main bathroom is a clever design choice. The bathroom offers an oversized vanity with plentiful storage, and lovely tile work extends into the stone shower, where a bench and a selection of rainfall, angled, and body jets are sure to make each shower a luxurious spa experience. There are two more bedrooms on this storey; another desirable feature of this floorplan. The lower level is partially finished, with a flex area perfect for a home studio or simply seasonal storage. In the utility area, a newer washer and dryer, a utility sink, and shelving and hanging space make laundry day a breeze. Outside, a landscaped oasis awaits. The brick patio is edged with gardens, including a lovely shade tree, and a pond provides a lovely ambiance in the warm months. There are no direct neighbours to the front, side or back, giving this unit a secluded feel. The yard backs onto a greenspace, and just steps away, the Bow River offers endless hours of enjoyment in the various parks and pathways that line it. The amenities of the Riverside Club are in walking distance, giving you access to the spa, golf centre, tennis courts, and pool, as well as the Riverside Towers shops. Other area favourites in walking distance are LICS Ice Cream and the Lazy Loaf and Kettle. A short drive takes you to trendy Kensington or up-and-coming Montgomery, where Calgary’s food scene and local shops are highlights. Downtown commuters can either drive or bike to work in about ten minutes! The Foothills and Children’s hospitals are nearby, making this area a favourite for medical professionals. If mountain adventures call, you can be headed west past the city limits in minutes. See this one today!

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The Shift in High-Value Home Market: What Sellers, Buyers, and Investors Need to Know

As we move into the final quarter of the year, the real estate market is witnessing a significant shift, especially in the $600,000+ price range. For sellers, buyers, and investors, understanding these changes can be crucial to making informed decisions in today’s housing market. Here’s what you need to know:

1. Increased Supply Levels for High-Value Homes
Inventory in the higher-price segments has grown, especially for homes priced above $600,000. This increase in supply has helped balance out the market conditions, creating more options for buyers and investors, and helping sellers capitalize on demand within this bracket. As of October, inventory levels rose to 4,966 units, marking a substantial increase from last year’s near-record low of 3,205 units.

2. Balanced Market Conditions in the Upper End

The improved supply in higher-value homes means that sellers in the $600,000+ range have better positioning, while buyers gain more choices. This contrasts with the lower-end market, where limited supply has kept competition high and price pressure strong.

3. Seasonal Adjustments Impacting Prices

Seasonal factors are always an element in real estate, and this October was no different. While we saw a slight seasonal dip, unadjusted benchmark prices for all residential property types still remain above last year’s levels. For example, the benchmark price for detached homes is now $753,900, which is still 8% higher than last October.

4. Investor Insights: Strong Demand Continues

Investors looking to enter or expand in the residential real estate market can take advantage of this balanced shift in the high-value market. Strong demand and stabilized prices, especially in upper-tier properties, offer promising investment opportunities.

The current real estate climate offers unique opportunities for sellers, buyers, and investors, particularly in high-value homes. With supply improving and market conditions stabilizing, it’s an ideal time to explore options and make decisions based on your real estate goals. Stay informed on market trends, work with an experienced Realtor, and make your move before the year-end!

Looking for more insights? Connect with us to learn how to leverage this market.

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

Read Full CREB Market Report

Read

I have sold a property at 4205 24 Hemlock CRESCENT SW in Calgary

I have sold a property at 4205 24 Hemlock CRESCENT SW in Calgary on Nov 12, 2024. See details here

Set in the heart of peaceful Spruce Cliff, this beautiful condo in the private and treed Copperwood complex is a quiet retreat that caters to the active urban lifestyle, with location and convenience at the forefront, while still embracing a serene setting and proximity to nature. A rare find, this unit is bright, stylish, and well-maintained, and it has two titled underground parking stalls! As soon as you step into the building, you’ll appreciate the newly renovated lobby, and the attractive aesthetic continues into the flat itself. A large entryway greets you with plenty of room for outerwear in the large double closet. A built-in office nook is fantastic for your work from home set up, and the home opens into a large living and dining area that faces a cozy gas fireplace. The kitchen is elegant in rich wood cabinetry with statement lighting overhead. A breakfast bar connects the space, allowing conversation to flow as you cook your signature dish for friends and family. On nice days, you’ll enjoy opening the doors to the covered balcony to grill or dine al fresco as you take in picturesque sunsets to the west. The primary suite is expansive, with huge windows that bring in so much natural light. A walk-in closet and an ensuite complete your personal retreat. Across the unit, a big second bedroom is perfect for guests, and also includes a walk-in closet. The main bathroom is well-appointed, and there is also in-suite laundry. This apartment has two titled stalls in the heated underground parkade, which also features assigned storage lockers, a car wash, and a well-outfitted workshop. Copper Club holds a number of well-planned amenities for residents, including a high-end fitness facility, and an owner’s lounge and party room ideal for hosting larger social events. Guest suites and visitor parking are also available, making this one of the best equipped complexes in the city. Landscaped grounds are lovely to walk through, and the courtyard is a pleasant place to take a break and take in the surroundings. The Shaganappi Golf Course is right next door, and there are plentiful parks throughout the community. Within a block you can access walking paths that connect to the Bow River Pathway running through the entire city for hours of outdoor adventures and stunning scenery. Bicycle commuters love that they can be downtown in close to the same time as driving, which only takes 10 minutes. Westbrook Mall is in walking distance, offering a range of shopping and dining options, and transit in this community is fantastic, with the C-train station there as well. Nearby 17th Avenue is a popular destination for foodies, with some of the best restaurants in the city, and this well-connected neighbourhood has quick access to several primary routes, making it easy to visit friends, run errands, or head out into the mountains for your favourite activities. See this one today!

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Open House. Open House on Sunday, November 17, 2024 2:00PM - 4:00PM

Please visit our Open House at 140 35 STREET NW in Calgary. See details here

Open House on Sunday, November 17, 2024 2:00PM - 4:00PM

OPEN HOUSE Nov 17 2-4p. This stunning custom executive home in Parkdale’s Golden Triangle epitomizes stylish luxury. Exterior wood and stone accents immediately evoke a country manor house. A glass inset front door brings the light in with you. Inside, hardwood floors add a rustic elegance to the main floor, and cove lighting brings a sense of grandeur to the front hall. A home office with transom windows, floor-to-ceiling built-ins, and a private patio elevate the work-from-home experience. In the dining room, coffered ceilings create the perfect setting. The kitchen is a gourmet masterpiece, with luxe espresso cabinetry and granite counters. A tiered island offers a second sink and an eat-up bar. A custom hood fan over a Viking gas range and a wall oven is ready for culinary adventures – stock up on fresh ingredients in the Subzero refrigerator. At the heart of the living room, a wood-burning Rockefeller-style fireplace is an exquisite focal point. Sliding French patio doors and more transom windows bring in tons of natural light. The back entry provides a custom closet, hanging space, and a bench. A powder room off the hall completes this level. Upstairs, a sumptuous primary bedroom is a one-of-a-kind retreat. Custom vaulted ceilings and a gas fireplace infuse a unique ambiance. The walk-in closet has elaborate organizers, including a jewelry lightbox. A decadent ensuite begs you to indulge. Dual floating vanities and a separate wash closet are the ultimate couple’s layout, and the stunning tiled shower features four body spray jets. The soaker tub in the centre of the room is both art and function, with accent lighting and a rainfall shower. This storey has two more generous bedrooms, and the main bath is well-appointed. Downstairs, an epic basement was made for entertaining. A two-sided limestone fireplace divides the games area from the ultimate home theatre, complete with built-in speakers. In fact, there are speakers all throughout the house. A wet bar is equipped with a fridge, sink, and dishwasher. There is also a wine cellar. Another large bedroom is ideal for overnight guests, and the bathroom has a phenomenal steam shower with a bench and body jets. You will also find the laundry room here. Outside, a tiered patio offers options for outdoor living, and the lawn is great for kids and pets to play. Mature trees edge the fence, and garden beds add colour. An oversized double detached garage provides off-street parking and a place for your toys. Set just a block to the river and 10 minutes to downtown by car or cycle, this area is one of the hottest in Calgary. With miles of river pathways at your door, you can walk, run, or bike to your heart’s content. Foothills and the Children's Hospital are nearby, as are shops and restaurants in trendy Kensington. Plus, iconic local favourites, like the Lazy Loaf and Kettle and LICS Ice Cream, are within walking distance. Or, hop on Highway One and be out of town headed to the mountains in just minutes. See it today!

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I have sold a property at 1416 21A STREET NW in Calgary

I have sold a property at 1416 21A STREET NW in Calgary on Nov 6, 2024. See details here

OPEN HOUSE SAT OCT 26TH 130-330 .. BIG PRICE REDUCTION" Welcome to this gorgeous home that was built by DREAMRIDGE HOMES who have had a lot of experience building in the area and who are known for their superior craftsmanship. This fine home is over 3800 square feet on the top two levels and over 1700 square feet in the lower level and i know you will be amazed at the open plan and size of all the rooms. Starting with the impressive foyer as you walk in, formal dining room, large office/den with all the built ins, continue to the wide open and bright kitchen with its huge granite covered island and high end appliances, WOLF, SUBZERO, etc. this looks into a very impressive great room with a fireplace and of course a TV. Both these rooms open onto a large deck and a outdoor wood burning fireplace that is built onto the wall of the double garage. You will be sure to love the pantry and butlers kitchen and wait till you see the large mud room , again with a lot of built ins. Going upstairs check out the beautiful staircase that is a whopping 5.5 feet wide, where do you ever see that. There are 4 very spacious bedrooms upstairs and the master bedroom is fabulous, fireplace, sitting area, marble feature wall, and a awesome walk in closet and ensuite, you must check it out. and of course tons of built in cabinets. As i said all the bedrooms are very large and the next biggest one has a 3 piece ensuite. And of course we have a large laundry room, very convenient. You take that same super wide set of stairs to the lower level which features a family room with built ins and a TV and looks onto a bar that is so impressive, a walk in wine cellar, this is a room that the whole family is going to love and get a lot of use out of. Also in the lower level is a real work out/gym room and another large bedroom, that is 5 bedrooms in total, plus a full bath and plenty of storage. All in all there are 5 televisions that are included plus a full sound system and the components to control it. This home has all the bells and whistles that you would love to have, it is really hard to describe all the features and the fact that it is in really show home condition. Briar Hill is one of the very best communities in the city, schools, parks, shopping and LRT very close by, walking distance to the University, Foothills Hospital and very close into downtown, the river and bike paths. The sellers are the original owners of this beautiful home and raised their 4 daughters here, you can make this your family home and make many memories here . Just move in and enjoy.

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I have sold a property at 305 2503 17 STREET SW in Calgary

I have sold a property at 305 2503 17 STREET SW in Calgary on Nov 6, 2024. See details here

LOCATION! Welcome to this move-in ready 2-bedroom condo, freshly painted and perfectly situated in the heart of Bankview. Just minutes from downtown and within easy walking distance to 17th Avenue’s shops and restaurants, this location offers vibrant city living at its best. Located directly across from tennis and basketball courts and just steps away from public transport, this spot is ideal. The open-concept layout features a spacious living and dining area filled with natural light. The well-appointed kitchen is equipped with ample counter and cabinet space, ideal for modern living. The primary bedroom is exceptionally spacious, complete with a walk-in closet. The second bedroom is flexible and can serve as a comfortable guest room, a functional home office, or a cozy den. All utilities are included, making this home perfect for first-time buyers or investors looking for passive income. In such a sought-after neighborhood, it’s an opportunity that won’t last long!

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New property listed in Parkdale, Calgary

I have listed a new property at 140 35 STREET NW in Calgary. See details here

This stunning custom executive home in Parkdale’s Golden Triangle epitomizes stylish luxury. Exterior wood and stone accents immediately evoke a country manor house. A glass inset front door brings the light in with you. Inside, hardwood floors add a rustic elegance to the main floor, and cove lighting brings a sense of grandeur to the front hall. A home office with transom windows, floor-to-ceiling built-ins, and a private patio elevate the work-from-home experience. In the dining room, coffered ceilings create the perfect setting. The kitchen is a gourmet masterpiece, with luxe espresso cabinetry and granite counters. A tiered island offers a second sink and an eat-up bar. A custom hood fan over a Viking gas range and a wall oven is ready for culinary adventures – stock up on fresh ingredients in the Subzero refrigerator. At the heart of the living room, a wood-burning Rockefeller-style fireplace is an exquisite focal point. Sliding French patio doors and more transom windows bring in tons of natural light. The back entry provides a custom closet, hanging space, and a bench. A powder room off the hall completes this level. Upstairs, a sumptuous primary bedroom is a one-of-a-kind retreat. Custom vaulted ceilings and a gas fireplace infuse a unique ambiance. The walk-in closet has elaborate organizers, including a jewelry lightbox. A decadent ensuite begs you to indulge. Dual floating vanities and a separate wash closet are the ultimate couple’s layout, and the stunning tiled shower features four body spray jets. The soaker tub in the centre of the room is both art and function, with accent lighting and a rainfall shower. This storey has two more generous bedrooms, and the main bath is well-appointed. Downstairs, an epic basement was made for entertaining. A two-sided limestone fireplace divides the games area from the ultimate home theatre, complete with built-in speakers. In fact, there are speakers all throughout the house. A wet bar is equipped with a fridge, sink, and dishwasher. There is also a wine cellar. Another large bedroom is ideal for overnight guests, and the bathroom has a phenomenal steam shower with a bench and body jets. You will also find the laundry room here. Outside, a tiered patio offers options for outdoor living, and the lawn is great for kids and pets to play. Mature trees edge the fence, and garden beds add colour. An oversized double detached garage provides off-street parking and a place for your toys. Set just a block to the river and 10 minutes to downtown by car or cycle, this area is one of the hottest in Calgary. With miles of river pathways at your door, you can walk, run, or bike to your heart’s content. Foothills and the Children's Hospital are nearby, as are shops and restaurants in trendy Kensington. Plus, iconic local favourites, such as the Lazy Loaf and Kettle and LICS Ice Cream, are within walking distance. Or, hop on Highway One and be out of town headed to the mountains in just minutes. See this one today!

Read

New property listed in Spruce Cliff, Calgary

I have listed a new property at 4205 24 Hemlock CRESCENT SW in Calgary. See details here

Set in the heart of peaceful Spruce Cliff, this beautiful condo in the private and treed Copperwood complex is a quiet retreat that caters to the active urban lifestyle, with location and convenience at the forefront, while still embracing a serene setting and proximity to nature. A rare find, this unit is bright, stylish, and well-maintained, and it has two titled underground parking stalls! As soon as you step into the building, you’ll appreciate the newly renovated lobby, and the attractive aesthetic continues into the flat itself. A large entryway greets you with plenty of room for outerwear in the large double closet. A built-in office nook is fantastic for your work from home set up, and the home opens into a large living and dining area that faces a cozy gas fireplace. The kitchen is elegant in rich wood cabinetry with statement lighting overhead. A breakfast bar connects the space, allowing conversation to flow as you cook your signature dish for friends and family. On nice days, you’ll enjoy opening the doors to the covered balcony to grill or dine al fresco as you take in picturesque sunsets to the west. The primary suite is expansive, with huge windows that bring in so much natural light. A walk-in closet and an ensuite complete your personal retreat. Across the unit, a big second bedroom is perfect for guests, and also includes a walk-in closet. The main bathroom is well-appointed, and there is also in-suite laundry. This apartment has two titled stalls in the heated underground parkade, which also features assigned storage lockers, a car wash, and a well-outfitted workshop. Copper Club holds a number of well-planned amenities for residents, including a high-end fitness facility, and an owner’s lounge and party room ideal for hosting larger social events. Guest suites and visitor parking are also available, making this one of the best equipped complexes in the city. Landscaped grounds are lovely to walk through, and the courtyard is a pleasant place to take a break and take in the surroundings. The Shaganappi Golf Course is right next door, and there are plentiful parks throughout the community. Within a block you can access walking paths that connect to the Bow River Pathway running through the entire city for hours of outdoor adventures and stunning scenery. Bicycle commuters love that they can be downtown in close to the same time as driving, which only takes 10 minutes. Westbrook Mall is in walking distance, offering a range of shopping and dining options, and transit in this community is fantastic, with the C-train station there as well. Nearby 17th Avenue is a popular destination for foodies, with some of the best restaurants in the city, and this well-connected neighbourhood has quick access to several primary routes, making it easy to visit friends, run errands, or head out into the mountains for your favourite activities. See this one today!

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📉 Rate Cut Alert!

Big news from the Bank of Canada—rates have just been slashed by 50 basis points, bringing the policy rate down to 3.75%! So, what does this mean for YOU?

For homeowners, this means your mortgage payments could soon decrease, especially if you’re on a variable rate. If you’ve been thinking about refinancing or locking in a lower fixed rate, now might be the perfect time.

First-time homebuyers, listen up! Lower borrowing costs make homes more affordable. This could be your chance to jump into the market and get the home you’ve been dreaming of.

This rate cut isn’t just good for homeowners—it’s also set to boost the economy. We’re expecting stronger consumer spending, more business investment, and continued growth in housing demand.

But there’s a balancing act. Inflation is easing, but shelter costs remain high. As the economy picks up, the Bank of Canada will keep a close eye on inflation to ensure prices stay stable.

So, whether you're a homeowner, a buyer, or just curious about where the economy is headed, this rate cut could be the opportunity you’ve been waiting for!

Stay informed and get ahead in this changing market—be sure to follow for more updates!

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

https://www.bankofcanada.ca/2024/10/fad-press-release-2024-10-23/

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New property listed in Point McKay, Calgary

I have listed a new property at 218 Point Mckay TERRACE NW in Calgary. See details here

**Open House Sunday Oct 6th 1-3pm*****Beautifully updated on the exterior, this townhome in popular Point McKay has also been stunningly renovated inside this year. From the moment you walk through the front door, high-end selections stand out. Hardwood floors and upgraded doors with stylish black hardware set an upscale tone immediately. You’ll pass a powder room and the entry from the single-attached garage on your way to the main level. A breathtaking living area opens up with soaring ceilings, floor-to-ceiling windows, and a statement fireplace. A glass half-wall and open stair rails connect the levels, adding to the dynamic visual space and allowing natural light to flow throughout. Sliding glass doors lead to a spacious deck you will absolutely love spending time on in the warm months. Up the stairs, renovations have removed the wall between the kitchen and dining room to create a lovely open-concept area. The entire kitchen is brand new and includes all the dreamy elegance you could want. Full-height cabinetry infuses a clean elegance, while quartz counters and backsplashes add a luxe touch. A massive central island is sure to become a natural hub for your gatherings, and the contrasting dark tones highlight the sleek, black fittings and stainless appliances for a gorgeous chic aesthetic. A cozy breakfast nook and a butler’s pantry with a wine fridge take it to the next level, and this unit also has a sunny south-facing balcony here. As you head to the top floor, vaulted ceilings with big windows flood the stairwell with light. The primary bedroom is a peaceful retreat, complete with generous closets and a serene ensuite. Both secondary bedrooms are large, and this storey also holds the main bathroom and the laundry room. The basement holds a large storage area for all your seasonal items, or you could easily finish it into a home gym, office, or guestroom. Upgrades in the utility room include a new furnace and hot water tank. Outside, a tidy lawn off the deck is a rare feature your furry family member will appreciate, and the gate backs onto the edge of the complex, making it feel like you have your own private park. Within steps, you can enjoy the Bow River Pathway, whether your style is running or biking, or you just want to meander between the many parks and viewpoints along the way. This community is one of the most coveted in Calgary, due to its proximity to downtown, the Foothills Hospital, and the Alberta Children’s Hospital. Trendy Kensington is also close by, and in easy walking distance you can access the tennis courts, Riverside Club and Spa, as well as local eateries like the Lazy Loaf and Kettle or LICS Ice Cream. Of course, if the mountains start calling, you can be headed west out of town in minutes as well! See this one today!

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Open House. Open House on Sunday, October 6, 2024 1:00PM - 3:00PM

Please visit our Open House at 218 Point Mckay TERRACE NW in Calgary. See details here

Open House on Sunday, October 6, 2024 1:00PM - 3:00PM

**Open House Sunday Oct 6th 1-3pm*****Beautifully updated on the exterior, this townhome in popular Point McKay has also been stunningly renovated inside this year. From the moment you walk through the front door, high-end selections stand out. Hardwood floors and upgraded doors with stylish black hardware set an upscale tone immediately. You’ll pass a powder room and the entry from the single-attached garage on your way to the main level. A breathtaking living area opens up with soaring ceilings, floor-to-ceiling windows, and a statement fireplace. A glass half-wall and open stair rails connect the levels, adding to the dynamic visual space and allowing natural light to flow throughout. Sliding glass doors lead to a spacious deck you will absolutely love spending time on in the warm months. Up the stairs, renovations have removed the wall between the kitchen and dining room to create a lovely open-concept area. The entire kitchen is brand new and includes all the dreamy elegance you could want. Full-height cabinetry infuses a clean elegance, while quartz counters and backsplashes add a luxe touch. A massive central island is sure to become a natural hub for your gatherings, and the contrasting dark tones highlight the sleek, black fittings and stainless appliances for a gorgeous chic aesthetic. A cozy breakfast nook and a butler’s pantry with a wine fridge take it to the next level, and this unit also has a sunny south-facing balcony here. As you head to the top floor, vaulted ceilings with big windows flood the stairwell with light. The primary bedroom is a peaceful retreat, complete with generous closets and a serene ensuite. Both secondary bedrooms are large, and this storey also holds the main bathroom and the laundry room. The basement holds a large storage area for all your seasonal items, or you could easily finish it into a home gym, office, or guestroom. Upgrades in the utility room include a new furnace and hot water tank. Outside, a tidy lawn off the deck is a rare feature your furry family member will appreciate, and the gate backs onto the edge of the complex, making it feel like you have your own private park. Within steps, you can enjoy the Bow River Pathway, whether your style is running or biking, or you just want to meander between the many parks and viewpoints along the way. This community is one of the most coveted in Calgary, due to its proximity to downtown, the Foothills Hospital, and the Alberta Children’s Hospital. Trendy Kensington is also close by, and in easy walking distance you can access the tennis courts, Riverside Club and Spa, as well as local eateries like the Lazy Loaf and Kettle or LICS Ice Cream. Of course, if the mountains start calling, you can be headed west out of town in minutes as well! See this one today!

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Calgary Real Estate Market Update | Sellers & Buyers, What You Need to Know!

Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17% below last year's record high. Despite the decline, sales this month were still over 16% higher than levels traditionally achieved in September.

New listings in September rose to 3,687 units, the highest September total since 2008. This rise in new listings compared to sales did support some inventory growth. September inventory levels pushed up to 5,064 units, nearly double the exceptionally low levels reported in the spring, but remain below the 6,000 units we typically see in September.

Improving inventory levels compared to sales is continuing to shift our market toward more balanced conditions. In September, the months of supply reached 2.5 months. While this is a gain over last year’s record low, conditions are still tilted in favour of the seller.

Additional supply in the market has taken some of the pressure off home prices over the past few months, following stronger-than-expected gains throughout the spring. In September, the unadjusted benchmark price was $596,900, slightly lower than last month but over 5% higher than last year’s levels. Year-over-year gains ranged from nearly 9% growth for detached homes to nearly 14% gains in the apartment condominium market. The gains for each property type outpaced the growth in total residential prices, mostly due to the shifting composition of sales.

Detached

The 9% growth in sales over $700,000 was not enough to offset the steep pullbacks reported for homes priced below $600,000, causing September sales to total 942 units, a 17% decline over last year. Improved sales for higher-priced homes were possible thanks to rising new listings, as that segment of the market is starting to demonstrate more balanced conditions for homes priced above $700,000.

As of September, the unadjusted detached benchmark price was $757,100, a slight decline over last month, but nearly nine per cent higher than levels reported last year. It is not unusual to see some monthly adjustments in the fall, especially following stronger gains in the spring. With tighter conditions being experienced for lower-priced products, price growth has also ranged within the detached sector. The North East and East districts continue to report the largest year-over-year price gains.

Semi-Detached

September reported 299 new listings and 182 sales, causing the sales-to-new listings ratio to trend up over last month to nearly 61%. Despite the gain over the past several months, the improvements in new listings relative to sales have supported rising inventory levels. However, with less than 400 units available, inventory levels remain nearly 33% below long-term trends for September. 

Like the other property types, recent gains in new listings are causing the months of supply to improve over last year's levels. However, with just over two months of supply in September, conditions continue to favour the seller. Following strong gains in the spring, in September, the unadjusted benchmark price eased slightly over last month, but at a price of $678,400, levels are over 9% higher than last year at this time.

Row

Over 600 new listings came onto the market in September, where over 70% of the new listings were priced above $400,000. While new listings improved across most districts, 34% of the new listings were in the North and South district, likely a reflection of the new home activity occurring in those areas. Sales in September totalled 377 units, slightly lower than last year's levels.

Inventories in September rose to 747 units, a significant improvement over the previous two years, but still below long-term trends. Nonetheless, the rise in inventory relative to sales did cause the months of supply to increase to nearly two months. Conditions continue to favour the seller, but improved choice did slow the pace of price growth. The unadjusted benchmark price in September was $459,200, 10% higher than September 2023 levels.

Apartment Condominium

Strong gains in new listings continued into September, with 993 units entering the market. At the same time, sales dropped to 502 units, causing the sales-to-new listings ratio to drop to 50% and inventories to rise to 1,623 units. Of the inventory in the market, over 72% was priced above $300,000, a significant shift compared to last year, where less than 58% of the listings were above that range.

Gain in supply compared to sales caused the months of supply to rise to 3.2 months, the highest level seen since the end of 2021. Improving supply in the new home market is likely contributing to the rise in supply and has taken some of the pressure off home prices. In September, the unadjusted benchmark price was $345,000, 14% higher than last year at this time. Year-to-date prices are still averaging a year-over-year gain of 17%.

Is now the time to make your move? Let’s discuss how these changes impact your real estate goals.

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

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I have sold a property at 3935 Point Mckay ROAD NW in Calgary

I have sold a property at 3935 Point Mckay ROAD NW in Calgary on Sep 17, 2024. See details here

A rare find! Set on one of Point McKay’s most coveted streets, and with a mix of updated and original features, this townhome is absolutely lovely. Manicured gardens frame the front door, which opens to a large entryway with access to the single-attached garage. Up the stairs, the living room opens up with sky-high ceilings and stunning full-height windows that bring in views of the green belt and tons of sunshine from the south. The classic brick hearth features an upgraded gas fireplace, adding a cozy feel to this dynamic space. Sliding glass doors step out to a beautiful deck that feels like a private oasis. The next level begins with a dining area, where open railings create a sense of connection between stories and allow the natural light to flow throughout the home. In the kitchen, oak cabinets showcase the quality of the craftsmanship, and you could easily add your style to this room. Upgraded lighting and top-down bottom-up blinds give the breakfast nook a sophisticated aesthetic you will love with your morning coffee. There is a large pantry and laundry area here, and just around the corner, a powder room as well. The top floor features a massive primary suite with big, bright windows and a full ensuite. Two secondary bedrooms on this story have updated flooring and large windows, and the main bathroom is well-appointed, with some charming original elements preserved. Downstairs, the lower level is developed as a den, which could easily function as guest quarters, a home gym – there is a shower here – or office space. Outside, the secluded deck is surrounded by privacy hedges and towering mature trees. It faces south directly onto a quiet corner of the green space, with unobstructed access to the local tennis courts and the river. The Bow River Pathway offers hours of enjoyment, you can easily walk to Edworthy Park or cycle into downtown if you like. Riverside Club is just down the street, as are a number of local favourite eateries like LICS Ice Cream, Nove Nine Diner, and the Lazy Loaf and Kettle. The Foothills Hospital and the Alberta Children’s Hospital are both nearby, making this a popular area for healthcare providers. You can commute by car to downtown in about 10 minutes, or just slightly longer by bike. Or you can escape to the mountains quickly thanks to proximity to Highway 1. This area is one of the most desirable in Calgary because it truly has it all. See this one today!

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Is Your Home Too Big or Too Small? Find the Perfect Fit for Your Lifestyle!

Whether you’re considering downsizing, upsizing, or just making a change, finding the perfect space is essential for your lifestyle. Check out these signs to see if it might be time to make a move!

Not sure if your current home is the perfect fit? Contact me today for a free consultation! Call, email, text, or send a direct message to start exploring your options and make an informed decision for your future. 

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

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New property listed in Point McKay, Calgary

I have listed a new property at 3935 Point Mckay ROAD NW in Calgary. See details here

A rare find! Set on one of Point McKay’s most coveted streets, and with a mix of updated and original features, this townhome is absolutely lovely. Manicured gardens frame the front door, which opens to a large entryway with access to the single-attached garage. Up the stairs, the living room opens up with sky-high ceilings and stunning full-height windows that bring in views of the green belt and tons of sunshine from the south. The classic brick hearth features an upgraded gas fireplace, adding a cozy feel to this dynamic space. Sliding glass doors step out to a beautiful deck that feels like a private oasis. The next level begins with a dining area, where open railings create a sense of connection between stories and allow the natural light to flow throughout the home. In the kitchen, oak cabinets showcase the quality of the craftsmanship, and you could easily add your style to this room. Upgraded lighting and top-down bottom-up blinds give the breakfast nook a sophisticated aesthetic you will love with your morning coffee. There is a large pantry and laundry area here, and just around the corner, a powder room as well. The top floor features a massive primary suite with big, bright windows and a full ensuite. Two secondary bedrooms on this story have updated flooring and large windows, and the main bathroom is well-appointed, with some charming original elements preserved. Downstairs, the lower level is developed as a den, which could easily function as guest quarters, a home gym – there is a shower here – or office space. Outside, the secluded deck is surrounded by privacy hedges and towering mature trees. It faces south directly onto a quiet corner of the green space, with unobstructed access to the local tennis courts and the river. The Bow River Pathway offers hours of enjoyment, you can easily walk to Edworthy Park or cycle into downtown if you like. Riverside Club is just down the street, as are a number of local favourite eateries like LICS Ice Cream, Nove Nine Diner, and the Lazy Loaf and Kettle. The Foothills Hospital and the Alberta Children’s Hospital are both nearby, making this a popular area for healthcare providers. You can commute by car to downtown in about 10 minutes, or just slightly longer by bike. Or you can escape to the mountains quickly thanks to proximity to Highway 1. This area is one of the most desirable in Calgary because it truly has it all. See this one today!

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Big News for Sellers, Buyers, and Investors! 🚨

Today, September 4, 2024, the Bank of Canada reduced its overnight rate target by 0.25% to 4.25%, marking a full 75 basis points below its peak of 5.00%.

Here’s what this means for YOU:

For Sellers: With lower interest rates, more buyers may enter the market, increasing demand for homes. Now could be a great time to consider listing your property!

For Buyers: Good news! Mortgage rates are likely to drop, making home ownership more affordable. Whether you're a first-time buyer or looking to upgrade, this rate cut could mean lower monthly payments.

For Investors: The economy is showing signs of slowing down, but wage growth remains elevated, while inflation is cooling off. This might be the ideal time to explore new investment opportunities, especially with variable mortgage rates expected to drop further.

Prime rates are expected to fall, so if you have a variable mortgage, your payments could soon decrease!

Stay tuned as the BoC continues its commitment to stabilize prices. The next rate announcement is scheduled for October 23, 2024.

If you have any questions about how this impacts your real estate plans, let's chat!

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


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