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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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I have sold a property at 419 42 STREET SW in Calgary

I have sold a property at 419 42 STREET SW in Calgary on Feb 2, 2024. See details here

Corner Lot Bungalow with stucco siding and a double detached garage situated in the community of Wildwood. Over 1800 Sq.ft of total living space, the main floor features an open concept living room with a gas fireplace, hardwood flooring, quartz countertop and stainless appliances in the kitchen. In addition, the master bedroom with a five-piece en-suite bathroom, a spacious 2nd bedroom and a four-piece bath complete the main floor. [Upper floor -insulation replaced recently with some touch-up painting] Professionally finished basement features two spacious bedrooms, four-piece baths, a Rec room with a built-in bar, laundry/storage, and a mechanical room. The fenced, spacious west-facing backyard features a large deck. Quiet location, minutes walk to the Wildwood School; minutes drive to Westgate Mall, Westbrook LRT Station and downtown.

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Open House. Open House on Saturday, February 3, 2024 10:00AM - 12:00PM

Please visit our Open House at 703 36 STREET NW in Calgary. See details here

Open House on Saturday, February 3, 2024 10:00AM - 12:00PM

*Open House Saturday February 3 @ 10am-12pm* This delightful bungalow in sought-after Parkdale is clean, inviting, and beautifully maintained. A legal suite adds to the appeal as a mortgage helper. Lovely curb appeal has a backdrop of mature trees, and a large yard on a corner lot hints at the potential for outdoor living during the summer months. Inside the upper unit, a living room showcases gorgeous original hardwood and a textured ceiling, as well as tons of natural light. The home includes a well-equipped kitchen featuring quality appliances and generous cabinetry. The adjacent living area has unique built-ins that add visual appeal. Two generous bedrooms provide an ideal layout for a small family, roommates, or a work-from-home set up. The bathroom is tasteful and modern, with a tub and a rain shower head. The lower legal suite enjoys large windows in the living area. The eat-in kitchen has been refreshed with stainless appliances and glass tile backsplashes, and the bathroom is equally well-appointed. There is one bedroom in this unit with the possibility of a second, adding to the revenue potential. This level also includes shared laundry and plenty of extra storage space, and the windows and hot water tank are newer, too. Outside, the deck is huge and overlooks the fenced yard. Two off-street parking stalls have plug-ins: a rare luxury! This property is in the heart of one of Calgary’s best neighbourhoods. Whether you choose to live up rent down or hold it as an income property for future value, this is truly an outstanding opportunity. This home is in walking distance to the Foothills Hospital, a short drive to Market Mall, and two blocks from the Bow River, which offers miles of pathways and parks for your enjoyment. Cyclists will love the ability to commute to downtown in about the same time as driving – about 10 minutes and nearby dog parks are perfect for furry family members. Local hotspots include The Lazy Loaf and Kettle and Nove Nine Diner, plus the array of restaurants and shops in trendy Kensington is also close by. Don’t miss this one. See it today! Lower level lease due June 30, 2024, with the option to renew. Separate meter for the basement. Basement legal suite showing only on second showing/serious buyers min 24 hours notice

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New property listed in Point McKay, Calgary

I have listed a new property at 132 Point DRIVE NW in Calgary. See details here

***Open House Saturday, February 3 @ 1pm-4pm.*** This inviting townhome in Northwest Calgary offers a perfect blend of comfort, convenience, and style. The property showcases a modern 4-level split layout with stunning design choices that infuse a luxury feel throughout the home. A high-ceilinged living room is flooded with gorgeous natural light through windows all along the back wall. This cozy retreat steps out through sliding glass doors to a private patio, which is surrounded by trees to create a perfectly serene outdoor oasis. The heart of the home is the beautifully appointed kitchen, featuring stainless steel appliances, rich wood cabinetry, and spacious granite counters. The kitchen's large window and track lighting create a warm ambiance, making meal preparation a delight, and an eating bar overlooks a welcoming dining area with enough space to host dinners and gatherings. A unique feature not found often in this area is a large, bright office nook off the kitchen ideal for working from home, and this level also conveniently includes a remodeled half bathroom. Up the stairs, another home office offers everyone in the family their own dedicated workspace, or it could easily be used for your other hobbies. The secondary bedroom is also on this floor, leaving the upper level for the primary bedroom in a floor plan that works well for hosting guests. The full bathroom is also on the top storey, making it feel like a private ensuite. On the lower level, the entryway provides access to the attached garage as well as the unfinished basement, where you will find plenty of storage space as well as a laundry area. This neighbourhood is popular for its proximity to the river, which is only steps away and offers hours of enjoyment along miles of pathways – bike commuters can ride right into downtown, too. Nearby parks include tennis courts, off-leash areas, and even an outdoor gym! Also, within walking distance, a variety of convenient amenities enrich your lifestyle. Riverside Spa is just steps away, as are local favorite eateries like the Lazy Loaf and Kettle and LICS Ice Cream, or head into trendy Kensington to enjoy some of the best shopping and dining in the city. Both the Foothills Hospital and the Alberta Children’s Hospital are close, as are the range of amenities at Market Mall. Immediate access to primary routes and transit makes running errands and getting around Calgary a breeze, and if you love the mountains, you can be headed toward them in seconds. This is the lifestyle you deserve.

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Open House. Open House on Saturday, February 3, 2024 1:00PM - 4:00PM

Please visit our Open House at 132 Point DRIVE NW in Calgary. See details here

Open House on Saturday, February 3, 2024 1:00PM - 4:00PM

***Open House Saturday, February 3 @ 1pm-4pm.*** This inviting townhome in Northwest Calgary offers a perfect blend of comfort, convenience, and style. The property showcases a modern 4-level split layout with stunning design choices that infuse a luxury feel throughout the home. A high-ceilinged living room is flooded with gorgeous natural light through windows all along the back wall. This cozy retreat steps out through sliding glass doors to a private patio, which is surrounded by trees to create a perfectly serene outdoor oasis. The heart of the home is the beautifully appointed kitchen, featuring stainless steel appliances, rich wood cabinetry, and spacious granite counters. The kitchen's large window and track lighting create a warm ambiance, making meal preparation a delight, and an eating bar overlooks a welcoming dining area with enough space to host dinners and gatherings. A unique feature not found often in this area is a large, bright office nook off the kitchen ideal for working from home, and this level also conveniently includes a remodeled half bathroom. Up the stairs, another home office offers everyone in the family their own dedicated workspace, or it could easily be used for your other hobbies. The secondary bedroom is also on this floor, leaving the upper level for the primary bedroom in a floor plan that works well for hosting guests. The full bathroom is also on the top storey, making it feel like a private ensuite. On the lower level, the entryway provides access to the attached garage as well as the unfinished basement, where you will find plenty of storage space as well as a laundry area. This neighbourhood is popular for its proximity to the river, which is only steps away and offers hours of enjoyment along miles of pathways – bike commuters can ride right into downtown, too. Nearby parks include tennis courts, off-leash areas, and even an outdoor gym! Also, within walking distance, a variety of convenient amenities enrich your lifestyle. Riverside Spa is just steps away, as are local favorite eateries like the Lazy Loaf and Kettle and LICS Ice Cream, or head into trendy Kensington to enjoy some of the best shopping and dining in the city. Both the Foothills Hospital and the Alberta Children’s Hospital are close, as are the range of amenities at Market Mall. Immediate access to primary routes and transit makes running errands and getting around Calgary a breeze, and if you love the mountains, you can be headed toward them in seconds. This is the lifestyle you deserve.

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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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New property listed in Parkdale, Calgary

I have listed a new property at 703 36 STREET NW in Calgary. See details here

Open House January 21 at 1:00 pm-3:00 pm. This delightful bungalow in sought-after Parkdale is clean, inviting, and beautifully maintained. A legal suite adds to the appeal as a mortgage helper. Lovely curb appeal has a backdrop of mature trees, and a large yard on a corner lot hints at the potential for outdoor living during the summer months. Inside the upper unit, a living room showcases gorgeous original hardwood and a textured ceiling, as well as tons of natural light. The home includes a well-equipped kitchen featuring quality appliances and generous cabinetry. The adjacent living area has unique built-ins that add visual appeal. Two generous bedrooms provide an ideal layout for a small family, roommates, or a work-from-home set up. The bathroom is tasteful and modern, with a tub and a rain shower head. The lower suite enjoys large windows in the living area. The eat-in kitchen has been refreshed with stainless appliances and glass tile backsplashes, and the bathroom is equally well-appointed. There is one bedroom in this unit with the possibility of a second, adding to the revenue potential. This level also includes shared laundry and plenty of extra storage space, and the windows and hot water tank are newer, too. Outside, the deck is huge and overlooks the fenced yard. Two off-street parking stalls have plug-ins: a rare luxury! This property is in the heart of one of Calgary’s best neighbourhoods. Whether you choose to live up rent down or hold it as an income property for future value, this is truly an outstanding opportunity. This home is in walking distance to the Foothills Hospital, a short drive to Market Mall, and two blocks from the Bow River, which offers miles of pathways and parks for your enjoyment. Cyclists will love the ability to commute to downtown in about the same time as driving – about 10 minutes and nearby dog parks are perfect for furry family members. Local hotspots include The Lazy Loaf and Kettle and Nove Nine Diner, plus the array of restaurants and shops in trendy Kensington is also close by. Don’t miss this one. See it today! Lower level lease due June 30, 2024, with the option to renew. Separate meter for the basement. Basement suite showing only on second showing/serious buyers & 24-hour notice.

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Open House. Open House on Sunday, January 21, 2024 1:00PM - 3:30PM

Please visit our Open House at 703 36 STREET NW in Calgary. See details here

Open House on Sunday, January 21, 2024 1:00PM - 3:30PM

Open House January 21 at 1:00 pm-3:00 pm. This delightful bungalow in sought-after Parkdale is clean, inviting, and beautifully maintained. A legal suite adds to the appeal as a mortgage helper. Lovely curb appeal has a backdrop of mature trees, and a large yard on a corner lot hints at the potential for outdoor living during the summer months. Inside the upper unit, a living room showcases gorgeous original hardwood and a textured ceiling, as well as tons of natural light. The home includes a well-equipped kitchen featuring quality appliances and generous cabinetry. The adjacent living area has unique built-ins that add visual appeal. Two generous bedrooms provide an ideal layout for a small family, roommates, or a work-from-home set up. The bathroom is tasteful and modern, with a tub and a rain shower head. The lower suite enjoys large windows in the living area. The eat-in kitchen has been refreshed with stainless appliances and glass tile backsplashes, and the bathroom is equally well-appointed. There is one bedroom in this unit with the possibility of a second, adding to the revenue potential. This level also includes shared laundry and plenty of extra storage space, and the windows and hot water tank are newer, too. Outside, the deck is huge and overlooks the fenced yard. Two off-street parking stalls have plug-ins: a rare luxury! This property is in the heart of one of Calgary’s best neighbourhoods. Whether you choose to live up rent down or hold it as an income property for future value, this is truly an outstanding opportunity. This home is in walking distance to the Foothills Hospital, a short drive to Market Mall, and two blocks from the Bow River, which offers miles of pathways and parks for your enjoyment. Cyclists will love the ability to commute to downtown in about the same time as driving – about 10 minutes and nearby dog parks are perfect for furry family members. Local hotspots include The Lazy Loaf and Kettle and Nove Nine Diner, plus the array of restaurants and shops in trendy Kensington is also close by. Don’t miss this one. See it today! Lower level lease due June 30, 2024, with the option to renew. Separate meter for the basement. Basement suite showing only on second showing/serious buyers & 24-hour notice.

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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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