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

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

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

Ready to make a move? Whether you're buying or selling, I've got you covered with being connected to the top real estate professionals nationwide. Know someone moving? Rreach out to me, and let's make their real estate journey smooth and successful!

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

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

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

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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