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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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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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Canada's job gains double expectations, but unemployment rate ticks up higher
Exciting News for Canada's Job Market! Despite the unemployment rate ticking up, job gains have surpassed expectations, with 41,000 new jobs added in February.

As a Realtor, this signals positive momentum for the housing market! More jobs mean more potential homebuyers entering the market.

While employment growth may be trailing population growth, the surge in full-time work indicates stability and confidence in the workforce.

With job gains spread across various sectors, including accommodation and food services and professional services, the economy shows resilience and diversity.

As we navigate these economic shifts, rest assured that the real estate market remains a solid investment option.

Let's continue to monitor these trends and seize opportunities together!

Have questions? Thinking of buying or selling? I’m here to help you make the best financial decisions. Reach out today!
 
Jason Streich
Real Broker
(403) 807-2204
jason@jasonstreich.com
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February 2024 | Calgary Real Estate Housing Market Update
Low inventory and high demand drive price gains in February! New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23% compared to last year for a total of 2,135 units.

The shift in sales and new listings kept the sales to new listings ratio exceptionally high at 79% ensuring inventories remained near historic lows.

Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year.

It is this strong demand and low supply that continues to drive price gains in Calgary. The biggest supply challenge is for homes priced under $500,000, which saw inventories fall by 31% compared to last February.

At the same time, we are starting to see supply levels rise for higher priced homes supporting more balanced conditions in the upper end.

In February, the unadjusted benchmark price was $585,000, an over 2% gain compared to last month and over 10% higher than levels reported at this time last year.

Our most affordable East district is experiencing the highest year-over-year price growth at 25%, while the relatively better-supplied City Centre has reported the slowest price growth in the city at under 5%.

Secure your dream home or investment property today! Connect with me today to take advantage of the current market conditions.

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March 2024 | Bank of Canada Rate Announcement

Exciting update from the Bank of Canada! Today, they've decided to maintain the policy rate at 5%, signalling a commitment to restoring price stability for Canadians.

Despite global economic growth slowing down, Canada's economy showed resilience, growing more than expected in Q4, albeit at a modest pace.

With employment growth trailing population growth, there are signs of easing wage pressures.

CPI inflation eased to 2.9% in January, but underlying pressures persist.

The Bank remains focused on balancing demand and supply, inflation expectations, and corporate pricing behaviour.

Now is the time to take action in the real estate market. Whether you're looking to sell, buy, or invest, take advantage of the opportunity presented! I'm here to guide you and help you make informed decisions.

Reach out today and let's discuss how you can leverage this moment for your real estate goals!

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

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Buyers Are Coming

The future looks bright! Here are three reasons why these trends are impactful:

Growing Families: With 3 million marriages and 7 million births projected, we're witnessing a significant increase in family formation. This not only signals personal milestones but also indicates a surge in the demand for larger homes or homes in family-friendly neighbourhoods.

Pent-Up Housing Demand: As more people get married and start families, combined with declining mortgage rates, there's a pent-up demand for housing. This creates a favourable environment for sellers as the market experiences increased competition and potentially higher selling prices.

Economic Implications: The housing market is not just about buying and selling homes; it's a crucial indicator of economic health. Increasing marriage rates and birth rates, along with favourable mortgage conditions, can stimulate economic growth by driving demand for construction, home improvement, and related industries, contributing to overall economic prosperity.

Ready to make your move? Reach out today!

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

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Sellers Are Coming

Exciting news ahead for homebuyers, sellers, and investors; it's time to seize the moment! Here are three reasons why the influx of sellers turning 65 over the next 2 years is a positive thing:

Increased Inventory: We'll see a boost in housing inventory, providing buyers with more options to find their dream home.

Diverse Buyer Pool: As cash-flush retirees enter the market, they'll not only be selling homes but also looking to downsize, upgrade, or invest. This diversity in buyer preferences will create a dynamic marketplace catering to a range of needs and desires.

Market Stimulus: The surge of retirement-age sellers will inject vitality into the real estate market, driving both supply and demand. This activity stimulates economic growth, fosters community development, and strengthens the overall health of our local housing market.

Together, let's navigate this dynamic landscape and turn your real estate goals into reality. Reach out today to embark on your journey with confidence!

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

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January 2024 | Calgary Real Estate Housing Market Update
January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.

The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49% below the long-term average for the month.

The months of supply in January was 1.3 months, falling over last month's and last year's levels. The persistent tightness in the market contributed to further upward pressure on home prices. The unadjusted benchmark price in January reached $572,300, a gain over last month and 10% nt higher than levels reported last January.

Ready to make a move? Act now to secure your slice of the market before prices climb even higher. Let’s discuss your next steps today!
 
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Top 5 Reasons Canadians Will Move In 2024
Canada continues to be one of the best places to live in the world. Vancouver, Calgary and Toronto are all in the top ten cities to live in the world — according to the Global Livability Index. Here are the top five reasons Canadians will move in 2024:

1. Move closer to family.
2. Bigger or better housing.
3. A more desirable neighbourhood.
4. Form own household.
5. Change of work or life.

If one of these sounds like you, now is the time to talk through the unique opportunities in this market. I’m grateful to be your trusted advisor for all your real estate needs.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jason@jasonstreich.com

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Home Renovations

Now that the winter is here and we’re all inside more of the time than usual, you may be feeling that your home is a bit cramped. If so, you’re not alone. One in four people say they’ve outgrown their home.

This month I’m sharing some information on why and how people decide to renovate their homes. It could be an easy fix, like reconfiguring existing rooms or a much bigger project, such as building an accessory dwelling unit (ADU) or adding a second story. I’ve also included typical costs for these projects as well as the ROI. (Of course, costs will vary based on scope of project and location).

If you need a professional to help you with any home renovations, feel free to reach out and I’ll connect you to one in my trusted network.

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

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Are you searching for a seamless mortgage experience to elevate your real estate journey?

Are you searching for a seamless mortgage experience to elevate your real estate journey? I'm excited to connect you with top-notch mortgage brokers who share our commitment to excellence. From competitive rates to personalized service, they've got you covered. Let's kickstart your real estate journey with a bang! Send me a direct message for a personalized consultation.

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com

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Interest Rates | A Historical Perspective

Interest rates have always fluctuated, but on average have hovered in the 5-10% range for the past three decades. And industry experts believe rates will potentially fall to the low 6 percent range by the end of 2024.

Connect with me for an in-depth perspective if you’re contemplating buying or selling your home.

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com

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Understanding Property Ownership: Types, Rights, and Responsibilities

In real estate, several types of ownership determine how a property is held and who has legal rights to it. Here are some common types of property ownership:

Sole Ownership (Sole Tenancy): Sole ownership occurs when a single individual or entity owns the entire property. The owner has the right to use, modify, and sell the property as they see fit.

Joint Tenancy: Joint tenancy is a form of ownership where two or more individuals share equal ownership interests in a property. If one owner passes away, their share automatically transfers to the surviving owner(s) without going through probate.

Tenancy in Common: Tenancy in common is a type of ownership where two or more individuals jointly own a property, but their shares in the property may not be equal. Each owner can sell, mortgage, or transfer their share without the consent of other owners. In the event of an owner's death, their share is passed to their heirs through their will.

Tenancy by the Entirety: This type of ownership is reserved for married couples and operates similarly to joint tenancy. However, neither spouse can sell or mortgage the property without the other's consent. In the event of a divorce, the tenancy by the entirety is typically converted into a tenancy in common.

Community Property: Community property states consider all property acquired during a marriage as equally owned by both spouses, regardless of which spouse acquired it. In the event of a divorce or death, community property is usually divided equally between the spouses.

Condominium Ownership: Condominium ownership allows individuals to own a specific unit within a larger building or complex. Condo owners have ownership rights to their individual units and shared ownership of common areas such as lobbies, elevators, and swimming pools.

Cooperative Ownership: In a housing cooperative, residents own shares in a corporation that owns the entire property. Each resident is a shareholder and has the right to occupy a specific unit. The cooperative association manages the property.

Trust Ownership: Property ownership can be held in a trust, where a trustee manages the property for the benefit of another person or entity, known as the beneficiary. Trust ownership provides various estate planning benefits.

Leasehold Ownership: Leasehold ownership occurs when a person or entity holds a lease to use a property for a specific period, often long-term, but does not own the land. At the end of the lease term, the ownership reverts to the landowner, unless a renewal is negotiated.

Each type of ownership has its own legal implications and considerations, and the choice of ownership depends on factors such as legal, financial, and estate planning objectives. It's essential to consult with legal and real estate professionals to determine the most suitable type of ownership for specific circumstances.

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December 2023 | Calgary Real Estate Housing Market Update
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic.

While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.

Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44% decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1,000,000.

The persistently tight conditions contributed to our city's new record high price. While the average annual benchmark price growth did slow from 12% in 2022 to nearly 6% growth in 2023, the price growth was still relatively strong especially compared to some markets in the country.

Take the first step towards informed decisions by connecting with me now for a complimentary market evaluation. Secure the insights essential for your journey in the housing market. Let's elevate your real estate experience together!

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.