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How the Bank of Canada’s Rate Cut Impacts YOU

The Bank of Canada recently lowered its policy rate to 3% and announced the end of quantitative tightening. This major policy shift is shaping the future of real estate in Canada.

Here’s what it means for you:

🏠 For Buyers: Lower interest rates make monthly payments more affordable, increasing your ability to purchase your dream home.

🏡 For Sellers: With more buyers entering the market, demand for homes is rising. Now could be the perfect time to list and sell quickly.

📊 For Investors: Reduced financing costs create new opportunities for profitable investments, whether in rental properties or commercial real estate.

The market is shifting, and opportunities like this don’t last forever. Let’s connect to discuss how this rate cut impacts your real estate plans!

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Dreaming of a New Home in 2025? Here’s Your Essential Guide to Buying or Selling

The start of a new year often sparks dreams of fresh beginnings, and for many, that includes finding a new home. Whether you're planning to buy or sell a property in 2025, preparation is key to a smooth and successful process. Here's a step-by-step guide to help you navigate your next move.

Thinking of Buying?

  • Assess Your Finances: Start by reviewing your income, expenses, and savings. Create a realistic budget that fits your goals.

  • Check Your Credit Score: Monitor your credit and address any errors. Paying off debt can also improve your chances of securing a favorable loan.

  • Get Preapproved for a Mortgage: Work with a trusted lender to understand your borrowing power and explore programs for first-time buyers or veterans.

Thinking of Selling?

  • Declutter and Depersonalize: Simplify your space to help buyers envision themselves in the home.

  • Make Necessary Repairs: Fix leaky faucets, repaint walls, and replace worn carpets for added value.

  • Deep Clean Your Home: A spotless house makes a strong impression. Professional cleaning can be worth the investment.

Buying or selling a home can be an exciting yet overwhelming process. With the right preparation and professional guidance, you can achieve your real estate dreams in 2025. Ready to get started? Contact me today for personalized advice and support.

📞 Call or message me to discuss your 2025 real estate goals!

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Calgary Real Estate 2024 Market Highlights and 2025 Opportunities for Sellers, Buyers, and Investors

The Calgary real estate market continues to show remarkable strength, closing 2024 with a solid performance despite supply challenges. Here’s what you need to know:

Detached Homes: Prices rose by 11% in 2024, with the highest demand in the spring. If you’ve been considering selling, this could be your ideal opportunity to capitalize on high demand.

Semi-Detached and Row Homes: These markets saw a surge in popularity, especially in affordable districts like North East Calgary, with price growth exceeding 15% in some areas.

Apartment Condominiums: A 15% annual price increase and improved inventory make apartments a fantastic choice for buyers looking for affordability and investors seeking high returns.

Looking ahead to 2025, supply remains a key factor, but current conditions favor both sellers and buyers ready to make strategic moves.

If you’re considering selling your home or investing in Calgary’s thriving market, reach out today for a personalized strategy.

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Planning Your Dream Home in 2025: A New Year, A New Home!

As we approach the New Year, it’s the perfect time to pause, reflect, and think about what "home" truly means to you. The holiday season brings families together and inspires dreams of new beginnings, whether that’s upsizing to accommodate your growing family, downsizing for simplicity, or stepping into your very first home.

Why Plan Now?
The start of the year offers a clean slate to assess your housing needs, goals, and timelines. Here are a few conversation starters for you and your loved ones:

  • Where do we see ourselves living next year?

  • What are the most important features we want in a home?

  • What are the deal-breakers that we should consider?

As a trusted real estate professional, I am here to help you navigate the process, answer questions, and connect you with the resources you need. Let’s make 2025 the year you step into the home of your dreams!

Ready to start the conversation? Contact me today to explore your options and make a plan for the future!

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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

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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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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

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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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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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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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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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Calgary Housing Market Shift: What Buyers, Sellers, and Investors Need to Know!

The Calgary housing market is experiencing notable changes as we transition from the extreme sellers’ market seen in the spring. With increased new listings and a slight pullback in sales, inventory levels are starting to rise, especially in higher-priced homes. However, the market remains tight, particularly for more affordable properties.

Sellers: Now is a strategic time to list your property with supply levels still historically low, but starting to increase. Pricing your home right could attract the right buyers swiftly.

Buyers: The easing market pressure means more options are becoming available. It's an excellent time to explore opportunities, especially in the mid-to-high price range.

Investors: Keep a close watch on these shifts—rising inventories and price growth cooling off could open up new investment avenues.

Stay ahead of the curve and make informed decisions with the latest market insights!

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

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Bank of Canada reduces policy rate by 25 basis points to 4.5%

Exciting news for homebuyers, sellers, and investors! The Bank of Canada has just reduced its overnight rate, making borrowing more affordable.

For buyers, now is an optimal time to secure a mortgage with lower rates.

Sellers can expect a boost in market activity as affordability increases.

Investors, take note of robust economic growth forecasts and easing inflation pressures, indicating favourable conditions for property investments.

Want to explore opportunities in this dynamic market? Reach out today for personalized insights and guidance. Let's navigate your real estate goals together.

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

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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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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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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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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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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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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.