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Greater Calgary Real Estate Top Agent | March 2023
This is amazing, what fine company to be alongside! I’m so grateful to my clients for their trust and referrals that have made this possible! It's a privilege to be acknowledged as one of the Top Agents for March 2023 at Greater Calgary Real Estate.

THANK YOU! This couldn’t happen if it wasn't for my dedicated clients and the terrific people who support me. I appreciate your ongoing trust and support and look forward to what the rest of the year brings.
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March 2023 - Calgary Real Estate Housing Market Update

Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains.
However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller’s territory.

While conditions are not as tight as last March, low inventory levels leave purchasers with limited choice, once again driving up home prices. Total unadjusted residential home prices reached $541,800 in March, a 2% gain over last month and nearly 1% higher than prices reported last year.

While prices remain below the May 2022 high of $546,000, the pace of price growth over the first quarter has been stronger than expected due to the persistent seller’s market conditions. March recorded 3,318 new listings compared to the 2,432 sales, leaving the sales-to-new listings ratio relatively high at 73%. However, both sales and new listings have eased by 40% compared to levels reported last March.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠

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Read Full CREB Market Stats Package 

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Needing assistance with relocation?

Have peace of mind during a busy time and enjoy a smooth, enjoyable customer experience. My Referral Network of skilled professionals are your trusted advisors before, during, and after the transaction. Our expert negotiations and effective communication get you the results you’re looking for.

We’ll serve you at the highest level to earn your repeat and referral business and consistently provide you with value along the way.

Whether you’re moving within the city, within the province or across the country, I’m connected to better serve you. Reach out today, I love to help!

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How To Make Your Entryway More Impressive

Entryways have the ability to be an impressive statement and give a home a luxurious finish and feel. If you’re looking to make your entryway more impressive or simply want to spruce it up, here are a few unique ways to turn heads.

Grand Lighting: Install a statement chandelier or pendant light to add a touch of glamour and drama to your entryway. The right lighting fixture can instantly make your entryway look luxurious and elegant.

Bold Colors: Consider using a bold color on your front door or accent wall to make a statement. Rich, deep colors like emerald green or navy blue can create a sense of luxury and sophistication.

Ornate Mirrors: Hang a large, ornate mirror in your entryway to reflect light and create the illusion of more space. A well-chosen mirror can also add a touch of elegance and sophistication to your space.

Statement Art: Consider hanging a large piece of statement art in your entryway to make a bold statement. Choose a piece that speaks to your personal style and complements the rest of your home's decor.

Luxe Materials: Incorporate luxurious materials like marble, brass, or velvet into your entryway design. A marble entryway floor, brass light fixtures, or a velvet bench can instantly elevate the look and feel of your space.

Unique Accessories: Incorporate unique accessories like a vintage umbrella stand, a statement vase, or a sculptural side table to add interest and personality to your entryway. These small touches can make a big impact on the overall look and feel of your space.

Customized Door: Consider installing a custom-made door with intricate carvings or detailed glasswork to create a grand entrance that's unique to your home. A custom door is an investment that can make a big impact on the look and value of your home.

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I have sold a property at 3803 Point Mckay ROAD NW in Calgary

I have sold a property at 3803 Point Mckay ROAD NW in Calgary. See details here

This townhome in popular Point McKay has style for days! Inside, the big bright entry is shared with the single attached garage. On the airy main level, full-height, triple-pane windows, and soaring ceilings are emphasized by a balcony-style stair landing, and glass railings allow natural light to filter back through every room. A corner fireplace in the living area is ready for your comfy chair and favorite book, and diagonal hardwood adds an artistic visual. Light wood tones and dramatic black accents form a classy contrast that continues into the dining area. The redesigned kitchen features sleek dark cabinetry paired with light quartz counters and oversize subway tile backsplashes. The eat-up island and the overlook into the dining room are rare elements that really bring the space together; perfect for entertaining! Heated tile floors keep your feet cozy as you cook, and there is also a laundry room here with tons of extra storage. Around the corner, a powder room has an exotic vibe, with unique design choices and quality finishes. On the top floor, the sunlit primary suite enjoys big windows and lovely views toward the river. The closet provides built in organizers, and the ensuite is reminiscent of an Italian villa, with textured walls and natural reds in the tile. The shower has a soaker tub, and glass blocks illuminate the unique space. In the second bedroom, a wall bed incorporates both a desk and bed for the ultimate functionality. A third bedroom could easily be your dedicated home office. In the main bathroom, nature-inspired finishes and high-end fittings evoke an alpine hotel, with an extended vessel sink, a wood vanity, and a gorgeous glassed-in shower. Outside, the deck gets a great mix of south and east sunlight, and surrounding hedges and trees give it a secret garden feel. This home is one of the best-located in the complex; it faces the historic sandstone McKay House, and backs onto a secluded glade next to the river paths. Visitor parking is also just a couple doors down. Walk, run, or bike along miles of the Bow River Pathway, or wander over to the area tennis courts or the outdoor athletic park. Nearby, Riverside Towers offer the luxurious Riverside Spa and Club as well as a golf centre, hair studio and a liquor store all within a short walk. You are also just a few minutes from iconic local eateries, LICS Ice Cream and the Lazy Loaf and Kettle. The Foothills Medical Centre, Children’s Hospital, and the University of Calgary are all in the area, and this well-situated community offers easy access to downtown and popular Kensington as well as a direct route west to the mountains. See it today!

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I have sold a property at 123 Canter PLACE SW in Calgary

I have sold a property at 123 Canter PLACE SW in Calgary. See details here

INCREDIBLE VALUE!! This totally renovated, immaculate and inviting two-story glistens in this highly sought-after community of Canyon Meadows Estates, an amenity rich community. High end finishings with no expense spared, vaulted ceilings, new vinyl triple glazed windows thru-out, clay tiled roof, stucco exterior. Guest are welcomed into this beautiful home by a grand curved staircase! With no detail overlooked, you will be wowed by the main floor that boost an at- home working office/den or mainfloor bedroom, 3pc powder room has a walk-in shower, a custom chef – caliber kitchen that features miles of quartz-countertops, stylish tuxedo cabinets, stainless steel appliances (dual fuel stove )trendy glass tile backsplash, gigantic eating/working island, open formal entertaining size dining room and living room, a family room that enjoys a wood-burning fireplace surrounded by custom built-ins and a conveniently located main floor laundry room. Upper floor features 4 large bedrooms, the huge king-sized primary bedroom with double door entry, new gorgeous spa like 5pc ensuite, his and her sinks, soaker tub, large glass shower plus a walk-in closet. Totally renovated basement is fully finished with the same quality and workmanship, has in- floor slab heating for warm cozy winter living and imagine entertaining here with the expansive recreation space featuring a wet bar, second fireplace, stunning 4pc bath, legal 5th bedroom (large egress window) tons of storage space. Home is located in a quiet cul-de-sac, huge pie shaped lot with west facing mature treed backyard that offers total privacy. Oversized deck ideal for summer family gatherings. Walk to Canyon Meadows city owned indoor pool and Fitness Centre, steps to tennis courts, all levels of schools, two community centers, two outdoor skating rinks, LRT, public transit, minutes to major shopping, restaurants, theatres and all services on McLeod Trail. Easy access to Downtown, Ring Road, Costco and the Mountains. And don’t forget Fish Creek Park is at your doorstep. Everything has been renovated here ..feels and looks like a brand new home in an established mature neighborhood! Just Move-In and Enjoy! What a wonderful opportunity awaits for you and your family to own this Outstanding Home in this Outstanding Neighborhood!

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New property listed in Point McKay, Calgary

I have listed a new property at 3803 Point Mckay ROAD NW in Calgary. See details here

This townhome in popular Point McKay has style for days! Inside, the big bright entry is shared with the single attached garage. On the airy main level, full-height, triple-pane windows, and soaring ceilings are emphasized by a balcony-style stair landing, and glass railings allow natural light to filter back through every room. A corner fireplace in the living area is ready for your comfy chair and favorite book, and diagonal hardwood adds an artistic visual. Light wood tones and dramatic black accents form a classy contrast that continues into the dining area. The redesigned kitchen features sleek dark cabinetry paired with light quartz counters and oversize subway tile backsplashes. The eat-up island and the overlook into the dining room are rare elements that really bring the space together; perfect for entertaining! Heated tile floors keep your feet cozy as you cook, and there is also a laundry room here with tons of extra storage. Around the corner, a powder room has an exotic vibe, with unique design choices and quality finishes. On the top floor, the sunlit primary suite enjoys big windows and lovely views toward the river. The closet provides built in organizers, and the ensuite is reminiscent of an Italian villa, with textured walls and natural reds in the tile. The shower has a soaker tub, and glass blocks illuminate the unique space. In the second bedroom, a wall bed incorporates both a desk and bed for the ultimate functionality. A third bedroom could easily be your dedicated home office. In the main bathroom, nature-inspired finishes and high-end fittings evoke an alpine hotel, with an extended vessel sink, a wood vanity, and a gorgeous glassed-in shower. Outside, the deck gets a great mix of south and east sunlight, and surrounding hedges and trees give it a secret garden feel. This home is one of the best-located in the complex; it faces the historic sandstone McKay House, and backs onto a secluded glade next to the river paths. Visitor parking is also just a couple doors down. Walk, run, or bike along miles of the Bow River Pathway, or wander over to the area tennis courts or the outdoor athletic park. Nearby, Riverside Towers offer the luxurious Riverside Spa and Club as well as a golf centre, hair studio and a liquor store all within a short walk. You are also just a few minutes from iconic local eateries, LICS Ice Cream and the Lazy Loaf and Kettle. The Foothills Medical Centre, Children’s Hospital, and the University of Calgary are all in the area, and this well-situated community offers easy access to downtown and popular Kensington as well as a direct route west to the mountains. See it today!

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I have sold a property at 528 Point Mckay GROVE NW in Calgary

I have sold a property at 528 Point Mckay GROVE NW in Calgary. See details here

Fully Renovated, move in ready, two bedroom + huge home office, steps to the river. Riverside elegance is the theme in this stylish Point McKay townhome. Follow the steps up from the entry to a spacious living area, where high ceilings and big windows bring in tons of beautiful natural light. A gas fireplace is a cozy centerpiece that begs for a comfy couch and a good book. An airy open layout flows up to the dining area and kitchen, and well-placed lighting includes pot lights and unique fixtures throughout the home. High-shine white cabinetry and upgraded stainless appliances in the kitchen infuse a sleek, modern flair, while dark plank flooring and wood countertops add nature-inspired warmth and texture. Your plants will love the bay window here, and a pantry makes organizing supplies and ingredients a breeze. There is also a powder room conveniently on this level. On the upper storey, an spacious office at the top of the stairs is perfect for your work from home setup. The primary bedroom is large and well laid out, with dual closets forming a hallway to a stunning jack and jill ensuite that is shared with the rest of the level. The second bedroom is an amazing example of a multipurpose space, featuring an innovative built-in wall bed that converts from a desk to a bed without moving the computer or monitors! On the ground level, there is a huge storage room as well as a laundry area. The single attached garage offers covered parking as well as a place to store your outdoor toys and other extras. Outside, the deck off the living room steps down to a tidy fenced yard with a row of mature trees along the back that make it feel wonderfully private. This home is exceedingly well-located. Choose your own adventure every day, as the back gate opens directly onto the green space that runs along the Bow River, where endless hours of walking or biking await. Nearby, the outdoor athletic park, tennis courts, and popular Angel’s Ice Cream are local favorites. Also in walking distance, treat yourself to a day at Riverside Spa or a tasty meal at the iconic Lazy Loaf and Kettle. Commuters can bike or drive into downtown in less than 10 minutes, and both the Foothills and Children’s hospitals are close by as well. A short drive will take you to Market Mall, trendy Kensington, or up and coming Montgomery for plentiful shopping and dining options! Listing agent has lived in Point McKay for 25 years call to find out about the amazing lifestyle the area offers.

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Pre-Approval vs Pre-Qualifying For a Mortgage

Pre-qualification and pre-approval are two different steps in the mortgage application process.

Pre-qualification is the initial step in the process, in which a lender will ask you for basic information about your income, debt, and assets. Based on this information, the lender will give you an estimate of how much you might be able to borrow. Pre-qualification is typically done online or over the phone and is a relatively quick process.

Pre-approval, on the other hand, is a more detailed process that involves submitting documentation to the lender to verify your income, assets, and creditworthiness. This typically involves filling out an application and providing documentation such as T-4's, tax returns, bank statements, and pay stubs. The lender will then review your application and credit history to determine how much they are willing to lend you and at what interest rate.

Pre-approval is more thorough than pre-qualification and provides a more accurate estimate of how much you can borrow. It also gives you a better idea of what your interest rate and monthly mortgage payment might be. Because pre-approval requires more documentation and a more detailed review by the lender, it typically takes longer than pre-qualification.

In summary, pre-qualification is a quick estimate of how much you might be able to borrow, while pre-approval is a more thorough process that provides a more accurate estimate of how much you can borrow and at what interest rate.

Reach out with your questions and if you need a mortgage broker, I can connect you to a like-minded individual.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠

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Source: Pre-Approval vs Pre-Qualifying For a Mortgage | Greater Calgary Real Estate | Feb 24th, 2023 

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The Hottest Design Trends for 2023

I am sharing with you highlights of some of the hottest home design trends experts are seeing this year. I also offer information on the ways some homeowners are incorporating colour and natural materials to create a warm and relaxed luxe environment in their home.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠

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February 2023 - Calgary Real Estate Housing Market Update
New listings and inventory levels all trended up compared to last month, however, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

Both sales and new listings declined over last year’s record high for the month. While sales activity remained stronger than long-term trends and levels reported throughout the 2015 to 2020 period, new listings fell below long-term trends.

With a sales-to-new-listings ratio of 73% and a months of supply of under 2 months, the market has struggled to move into balanced territory causing further upward pressure on home prices. The unadjusted benchmark price increased by nearly 2% over January levels and last year’s prices.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠ ⁠
⁠
Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
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March 2023 | Bank of Canada Rate Announcement

The Bank of Canada has decided to maintain the overnight rate target at 4.5%, the Bank Rate at 4.75%, and the deposit rate at 4.5%. The Bank is also continuing its policy of quantitative tightening. The global economic environment is consistent with the Bank's January Monetary Policy Report, with inflation decreasing due to lower energy prices and global growth continuing to slow.

In Canada, economic growth was flat in the fourth quarter of 2022, and there was a significant slowdown in inventory investment. Consumption, government spending, and net exports all increased, but household spending was impacted by restrictive monetary policy, and business investment weakened.

The labour market remains tight, with employment growth strong, but productivity has declined. Inflation decreased to 5.9% in January due to lower energy prices, but price increases for food and shelter remain high.

The Bank expects CPI inflation to come down to around 3% in the middle of this year. The Bank will continue to monitor economic developments and the impact of past interest rate increases, and is prepared to raise the policy rate further if necessary to restore inflation to the 2% target. The Bank is committed to achieving price stability for Canadians.

Reach out with your questions about how this impacts your home buying or selling decision. And if you need a mortgage broker, I can connect to you a like-minded individual.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠ 

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Read Full Report 

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