Curious about what's happening in the city this weekend? Here are a few activities and events worth taking note of!⁠

1. Banff Mountain Film Festival World Tour – Calgary

When: January 19th-21st, 2023
Where: Bella Concert Hall,, Calgary, AB
Cost: $26.50-$29.50

Ignite your passion for adventure, action, and travel with exhilarating big-screen stories. Journey to exotic locations, paddle the wildest waters and climb the highest peaks. Be taken away to the most captivating places on earth.

2. Nando’s National Hot Sauce Day

When: January 22nd, 2023
Where: Nando's Restaurants, Canada
Cost: FREE

Nando’s is treating guests to a FREE ¼ chicken at any Nando’s restaurant. All guests have to do is trade in any empty Nando’s PERi-PERi 250ml sauce bottle at any Nando’s restaurant. Don’t have a bottle of sauce on hand? Nando’s PERi-PERi can be bought at Loblaws, Wal-Mart, Metro, Sobeys, Save-On Foods and their affiliated chains.

3. Calgary Wedding Fair

When: January 22nd, 2023
Where: BMO Centre, Roundup Way SE, Calgary, AB
Cost: $30-$35

Bringing you the latest trends and gives you the opportunity of connecting with the service providers you need to create your special day.

Learn More | To Do Canada

Reposted with @regram
Photo by @dailyhivecalgary

This month I am sharing a list of some of the more common terms you may hear regarding real estate transactions. If you have any questions on these or any other real estate-related concerns, please feel free to reach out to me. I’ll be happy to help you out!

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

Curious about what's happening in the city this weekend? Here are a few activities and events worth taking note of!⁠

1. Harlem Globetrotters

When: Saturday, January 7th, 2023
Where: Scotiabank Saddledome, 555 Saddledome Rise SE, Calgary, AB
Cost: $18-$388 + fees

From trick shots to long shots to how-did-they-do-that shots, get ready for the Harlem Globetrotters to put up…basketball shots! Stay on the lookout as the Globetrotters are taking even more incredible shots from around the arena – because shooters shoot!

2. Wilder Institute/Calgary Zoo – Snow Globes

When: NOW until Sunday, January 8th, 2023
Where: Wilder Institute/Calgary Zoo, 210 St. George's Drive NE, Calgary, AB
Cost: $150-$450

Rentable Snow Globes to make your next romantic date night, girls night out, family celebration or other occasion extra special! Enjoy your private oasis surrounded by twinkling lights at this one-of-a-kind experience. Your package includes admission to ZOOLIGHTS along with your selected food and beverage package.

3. Winsport Tube Park

When: NOW until March 2023
Where: Winsport Tube Park, 88 Canada Olympic Road SW, Calgary, AB
Cost: $16-$27

The perfect activity for a day with family and friends. WinSport’s Tube Park is one of the fastest of its kind in Western Canada.

Learn More | To Do Canada

Reposted with @regram
Photo by @dailyhivecalgary 

WATCH VIDEO

December sales eased, but slowing sales over the 2nd half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.The pullback in sales was also met with pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available, making it the lowest level of inventory reported for December in over a decade.

Benchmark prices eased to $518,800, down nearly 5% from the peak price in May but almost 8% higher than last December. While prices have trended down annually, they remain over 12% higher than last year’s levels. Overall, the housing market in 2022 generally outperformed expectations both in terms of sales and price growth.

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

Read Full CREB Market Report
Home Evaluation Form
Search for your home today

WATCH VIDEO

The Bank of Canada today increased its target for the overnight rate to 4.25%, with the Bank Rate at 4.5% and the deposit rate at 4.25%. The Bank is also continuing its policy of quantitative tightening.⁠
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Inflation around the world remains high and broadly based. Global economic growth is slowing, although it is proving more resilient than was expected at the time of the October Monetary Policy Report (MPR). ⁠
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In Canada, GDP growth in the 3rd quarter was stronger than expected, and the economy continued to operate in excess demand. Canada’s labor market remains tight, with unemployment near historic lows. ⁠
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While commodity exports have been strong, there is growing evidence that tighter monetary policy is restraining domestic demand: consumption moderated in the third quarter, and housing market activity continues to decline. ⁠
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Overall, the data since the October MPR support the Bank’s outlook that growth will essentially stall through the end of this year and the first half of next year.⁠
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CPI inflation remained at 6.9% in October, with many of the goods and services Canadians regularly buy showing large price increases. Measures of core inflation remain around 5%. ⁠
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Looking ahead, Governing Council will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target. ⁠
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Quantitative tightening is complementing increases in the policy rate. We are resolute in our commitment to achieving the 2% inflation target and restoring price stability for Canadians.⁠

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

Read Full Report 
Home Evaluation Form
Search for your home today

WATCH VIDEO

Sales slowed to 1,648 units, a year-over-year decline of 22%, but 12% above the 10-year average. Year-to-date sales remain nearly 10% above last year’s record high. The year-to-date sales growth has been driven by a surge in both⁠ apartment condominium and row sales.⁠

There was a pullback in new listings and inventories fell to the⁠ lowest level reported in November since 2005. The pullback in both sales and new listings kept the months of supply relatively tight at below two months. ⁠

The tightest conditions are occurring in the lower-price ranges as supply growth has mostly been driven by gains in the upper end of the market.

Despite the lower supply levels, prices have trended down from the peak reached in May of this year. Even with the adjustments that have occurred, November benchmark prices continue to remain nearly nine per cent higher than levels reported last year.⁠

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

Read Full CREB Market Report⁠
Home Evaluation Form
Search for your home today!⁠

Canmore vacation home values rise 23 per cent to $1.59 million. Meanwhile, the median price of condos in the community rose by just 5.9 per cent to $663,400. It’s a good place to hang your hat with less tourists than Banff.

Read More by Josh Aldrich | Calgary Herald

“Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row,” says CREA’s Senior Economist, Shaun Cathcart.

Wondering how this impacts your home buying or selling decision? Are you interested in moving out of the province? Connect with me to discuss your options and for a trusted referral.⁠

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

Your tone of voice and the words that you use can sometimes be the difference in whether a conversation is positive or not. Here are some great books to check out that offer tips on ways you can ensure that your conversations have the best outcomes. What will you start with first?⁠

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

WATCH VIDEO

October sales eased compared to last year’s levels, mostly to slower activity in the detached sector. However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only 2 months to go, 2022 will likely post a record year in terms of sales.

New listings also trended down this month causing the sales-to-new-listings ratio to rise to 85% and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000. While conditions are not a tight as what was seen earlier in the year, with only 2 months of supply, conditions remain tighter than historical levels.

We are also seeing divergent trends in the market with conditions continuing to favour the seller in the lower-price ranges and shifting to more balanced conditions in the upper-price ranges. As of October, prices have eased by 4% relative to the highs reached in May. This is considered a relatively small adjustment when considering price movements in other large cities.

It is also important to note that the October benchmark price is still nearly 10% higher than levels reported last year.

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

Read Full CREB Market Report
Home Evaluation Form
Search for your home today!⁠