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

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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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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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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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

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

Read Full CREB Market Report

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

📌 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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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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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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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! ✨

Is it time for an upgrade?

With remote work becoming the new norm, the demand for bigger homes is soaring!

Now is the time to find your dream space in this evolving market.

Let's chat about your next move!

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

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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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Here's how the desire to be closer to family, as well as significant milestones in people’s lives and the declining mortgage rates, help to create a pent-up housing demand. There are also some benefits of living near loved ones!

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

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