Latest News & Articles

Calgary Real Estate Market Update – January 2025

Posted by Mike Hickey on Feb 07, 2025

Supply Levels Improve in January Calgary, Alberta – February 3, 2025 – After three consecutive years ...

Calgary is a city with a vibrant real estate market. It's a place where savvy investors can find great opportunities.

Posted by Mike Hickey on Jan 30, 2025

But how do you spot a great investment property in Calgary? This guide will help you navigate the Calgary ...

Exploring Mahogany: Calgary’s Lakeside Living at Its Best

Posted by Mike Hickey on Jan 20, 2025

Welcome to Mahogany, Calgary’s top lakeside community, where urban convenience meets natural beauty in ...

Best Communities in Calgary for Outdoor Enthusiasts

Posted by Mike Hickey on Jan 15, 2025

Calgary is a city that seamlessly blends urban living with nature, offering a lifestyle that caters to ...

Calgary Real Estate Market Update for December 2024

Posted by Mike Hickey on Jan 06, 2025

As 2024 came to a close, Calgary’s real estate market demonstrated resilience despite seasonal slowdowns ...

Discover Your Dream Home: Houses for Sale in Airdrie

Posted by Mike Hickey on Dec 16, 2024

Airdrie, Alberta, is a vibrant city that seamlessly blends small-town charm with urban amenities. Located ...

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I have sold a property at 1137 232 STREET in Hillcrest

I have sold a property at 1137 232 STREET in Hillcrest on Feb 11, 2025. See details here

Nestled in the picturesque community of Hillcrest, near the iconic historic Frank Slide, this well-maintained home offers the perfect blend of modern comfort and mountain charm. Built in 2010, the property is surrounded by breathtaking scenery and provides easy access to hiking trails, serene parks, and all the natural beauty the Crowsnest Pass is known for. The home features 2 bedrooms on the main level and 2 additional bedrooms in the fully finished basement, with potential to convert the lower level into a separate suite thanks to its private entrance. This flexibility makes it ideal for multi-generational living, rental income, or a cozy guest space. A standout feature is the oversized garage, boasting 13' ceilings, a mezzanine for additional storage or workspace, and ample room for all your vehicles and gear. The spacious design is perfect for hobbyists or anyone needing extra storage for mountain lifestyle equipment. Inside, the home exudes warmth and functionality, with an open layout, modern finishes, and meticulous care evident throughout. With a cozy natural gas fireplace, you can curl up after a day of exploring what the Crowsnest Pass has to offer. Whether you're enjoying the peace of the backyard or exploring nearby attractions, this property offers an unparalleled lifestyle in a highly sought-after location. Don't miss this rare opportunity to own a home in the heart of the Crowsnest Pass, combining modern living with access to the great outdoors!

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I have sold a property at 135 Everoak CLOSE SW in Calgary

I have sold a property at 135 Everoak CLOSE SW in Calgary on Feb 10, 2025. See details here

This updated two-storey home offers over 3,000 square feet of living space in a quiet cul-de-sac. The exterior features a new roof (2020), James Hardie siding (2023), new gutters (2023), and updated lighting (2023). Inside, the main floor has upgraded vinyl plank flooring, new baseboards (2023), elegant railings (2020), a redesigned fireplace with built-in cabinetry (2023), fresh paint (2024), a renovated bathroom (2023), and a custom office with solid wood cabinetry, French doors, and a custom wall (2024). The kitchen includes granite countertops, a large island, and a walk-through pantry. The great room features a fireplace, and the formal dining room can serve as a flex space. Upstairs, the master suite includes a 5-piece ensuite with a steam shower and walk-in closet. Three additional bedrooms, a bonus room, and a flexible space complete the upper level. The fully developed basement includes a recreation area, 4th bedroom, 4-piece bathroom, and ample storage. Please check it out 3D VIDEO TOUR. With its modern updates and spacious layout, this home is ideal for family living. this property is conveniently located close to three elementary schools, gas station and Fish Creek Park.

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I have sold a property at 21 Woodglen CRESCENT SW in Calgary

I have sold a property at 21 Woodglen CRESCENT SW in Calgary on Feb 7, 2025. See details here

Well-maintained 3 bedroom home with numerous upgrades, a south-facing backyard and an outstanding location within walking distance to schools, parks, amenities, transit and Fish Creek Park. Perched on a quiet street in the established community of Woodbine. Inside this quiet sanctuary is a ton of room for your family to grow with over 1,700 sq. ft. of developed space plus the added benefits of a new furnace and a new heat pump for cooling. Promoting relaxation is the inviting living room with hardwood floors, oversized bayed windows and a wood-burning fireplace creating a welcoming atmosphere. Clear sightlines into the dining room are perfect for entertaining. White and neutral, the kitchen inspires culinary adventures with loads of cabinets, a stainless steel fridge and dishwasher and a massive south-facing window streaming in seemingly endless natural light while simultaneously granting backyard views to keep an eye on the kiddos. The powder room is directly off of the rear door for a quick clean-up upon entry. Those beautiful hardwood floors continue onto the upper level. All 3 bedrooms are spacious and bright, the primary includes a large walk-in closet and the 4-piece bathroom has been stylishly updated. Gather in the huge rec room in the basement with loads of additional space for media, work, play, hobbies and more. Spend the warmer months barbequing and unwinding on the expansive deck in the sunny south backyard which is privately fenced and nestled behind the double detached garage. This prime Woodbine location is chalked full of great amenities, beautiful parks, several schools and extensive pathways that travel throughout this charming neighbourhood and into tranquil Fish Creek Park. Mere minutes to Stoney Trail and Costco too. This exceptional home in an unsurpassable location is definitely a must see!

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Calgary Real Estate Market Update – January 2025

Supply Levels Improve in January

Calgary, Alberta – February 3, 2025 – After three consecutive years of limited housing supply, January saw a notable improvement in inventory levels, rising to 3,639 units. This 70% year-over-year increase is substantial, yet inventory remains below the typical January average of over 4,000 units. The most significant gains were seen in apartment-style condominiums.

“Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, the adjustment in supply is not equal across all property types. Detached, semi-detached, and row properties continue to experience tight conditions, while apartment condominiums are seeing excess supply in higher-priced segments.”

Despite the increase, citywide months of supply reached only 2.5 months in January—an improvement from last year’s single-month supply but still low for the winter season. Semi-detached properties saw the lowest months of supply at under two months, whereas apartment-style units had the highest at 3.5 months.

The increase in supply was driven by new listings, which rose to 2,896 units, compared to 1,451 sales. January sales were down 12% from last year but remained nearly 30% higher than the typical January average.

The total residential benchmark price for January stood at $583,000, a stable figure compared to the end of 2024 and nearly 3% higher than last January. Price growth varied across city districts and property types.

January 2025 Housing Market Breakdown

Detached Homes

New listings for detached homes reached 1,228 units in January, up 29% year-over-year, driven largely by homes priced above $600,000. Sales activity declined to 674 units, bringing levels in line with long-term trends. While inventory gains improved conditions, available stock (1,448 units) remains 27% below historical January averages, keeping the months of supply at just over two months.

Market conditions varied across districts, with the City Centre and North East districts experiencing more balanced conditions. The unadjusted benchmark price rose to $750,800, a slight monthly increase and 7% higher than January 2024. Seasonally adjusted prices have remained stable since mid-2024.

Semi-Detached Homes

Increased new listings helped bolster inventory levels in this sector. Sales in January outpaced last year’s levels, maintaining a months-of-supply ratio just below two months. However, supply conditions varied, with the City Centre, North East, and West districts reporting three or more months of supply, while other districts remained below two months.

The unadjusted benchmark price stood at $673,600, slightly lower than December but over 8% higher than January 2024. Districts with higher months of supply experienced modest price declines, while North, North West, South, South East, and East districts saw stable to moderate price gains.

Row Homes

In 2024, row home sales reached 4,647 units—a 2% increase from 2023—marking the second-highest total on record. New listings rose by 18%, primarily in homes priced above $400,000, leading to improved inventory levels.

Supply improvements eased price pressure towards the end of 2024, though annual benchmark prices still rose 14%. Price increases were citywide, ranging from 12% in the City Centre to over 20% in the most affordable areas of the North East and East districts.

Apartment Condominiums

January saw a surge in new listings compared to sales, causing inventory to rise to 589 units—more than double the near-record lows of January 2024. This brought inventory levelsels closer to long-term trends and improved the months of supply to over two months, a trend seen since mid-2024.

Rising supply eased price pressures, but price movements varied by district. The citywide unadjusted benchmark price stood at $444,900, down slightly from December but nearly 5% higher than last year. The North East district saw the most significant monthly price adjustment.

Regional Market Overview

Airdrie

Sales in January remained consistent with last year’s high levels, while new listings increased, boosting inventory levels. The months of supply remained above two months for the fifth consecutive month, a significant improvement from the sub-two-month levels seen since 2021. The unadjusted benchmark price declined slightly from December to $537,300 but remained nearly 4% higher than January 2024.

Cochrane

Cochrane experienced an increase in new listings and inventory, with 104 new listings compared to 71 sales, pushing total inventory to 156 units. While inventory is higher than in the past three years, it remains below long-term January averages. For the fifth consecutive month, Cochrane’s months of supply remained above two months, reducing price pressures. The unadjusted benchmark price was $565,900, a slight monthly decline but nearly 5% higher than January 2024.

Okotoks

Unlike Airdrie and Cochrane, new listings in Okotoks remained relatively low compared to last year. While lower sales supported some inventory growth, available stock (68 units) is still half of pre-pandemic January levels. Limited supply has driven price growth since 2021, with January’s unadjusted benchmark price rising to $614,900, up slightly from December and nearly 5% higher than January 2024.

For full City of Calgary and regional statistics, visit the official CREB website.

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New property listed in Chaparral, Calgary

I have listed a new property at 48 Chapala SQUARE SE in Calgary. See details here

***OPEN HOUSE SUNDAY, FEB 2ND 1:00 - 3:00 PM*** Beautiful fully finished home loaded with upgrades with a sunny south-facing backyard and a great location just a 15 minute walk to the lake! The soaring open to above entrance welcomes you inside where ¾’ solid maple hardwood floors and an abundance of natural light immediately impress. The windows fold down for easy cleaning and are equipped with electric blinds. Further adding to your convenience is a built-in central vacuum system. Grand cathedral ceilings and 2 oversized windows adorn the living room inviting you to put your feet up and relax in front of the charming triple sided fireplace. The other side of the fireplace provides a warm atmosphere in the dining room, perfect for entertaining. Culinary exploration is encouraged in the beautiful kitchen featuring granite countertops, stainless steel appliances, loads of cabinet space, a walk-in pantry for extra storage and a centre island to casually gather. French doors lead to the main floor den with elegant wainscoting. A handy powder room completes this level. A second den on the upper level includes great built-ins creating a wonderful study space for the kids or a quiet library to curl up with a good book. The primary bedroom is a true owner’s sanctuary with a large walk-in closet and a luxurious 5-piece ensuite boasting dual sinks, a deep soaker tub and a separate shower. Both additional bedrooms on this level are spacious and bright, sharing the 4-piece bathroom. Gather in the massive rec room in the finished basement for movie and games nights. This gigantic space can easily be divided by furniture to create zones for play, hobbies or exercise. A fantastic pub-style bar lets you easily refill drinks and snacks. Another bathroom conveniently completes this level, no need to climb back up the stairs! Spend the warmer months soaking up the south sunshine on the expansive back deck with 220V for a future hot tub. The large, privately fenced yard allows ample play space for kids and pets. Newer roof shingles and a newer furnace add to your peace of mind. All this and an unbeatable location mere minutes to the lake with its many year-round activities, the Gates of Walden with shops, services and restaurants and neighbouring Fish Creek Park and Sikome Lake, you’ll have a hard time running out of things to do living here!

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Open House. Open House on Sunday, February 2, 2025 1:00PM - 3:00PM

Please visit our Open House at 48 Chapala SQUARE SE in Calgary. See details here

Open House on Sunday, February 2, 2025 1:00PM - 3:00PM

***OPEN HOUSE SUNDAY, FEB 2ND 1:00 - 3:00 PM*** Beautiful fully finished home loaded with upgrades with a sunny south-facing backyard and a great location just a 15 minute walk to the lake! The soaring open to above entrance welcomes you inside where ¾’ solid maple hardwood floors and an abundance of natural light immediately impress. The windows fold down for easy cleaning and are equipped with electric blinds. Further adding to your convenience is a built-in central vacuum system. Grand cathedral ceilings and 2 oversized windows adorn the living room inviting you to put your feet up and relax in front of the charming triple sided fireplace. The other side of the fireplace provides a warm atmosphere in the dining room, perfect for entertaining. Culinary exploration is encouraged in the beautiful kitchen featuring granite countertops, stainless steel appliances, loads of cabinet space, a walk-in pantry for extra storage and a centre island to casually gather. French doors lead to the main floor den with elegant wainscoting. A handy powder room completes this level. A second den on the upper level includes great built-ins creating a wonderful study space for the kids or a quiet library to curl up with a good book. The primary bedroom is a true owner’s sanctuary with a large walk-in closet and a luxurious 5-piece ensuite boasting dual sinks, a deep soaker tub and a separate shower. Both additional bedrooms on this level are spacious and bright, sharing the 4-piece bathroom. Gather in the massive rec room in the finished basement for movie and games nights. This gigantic space can easily be divided by furniture to create zones for play, hobbies or exercise. A fantastic pub-style bar lets you easily refill drinks and snacks. Another bathroom conveniently completes this level, no need to climb back up the stairs! Spend the warmer months soaking up the south sunshine on the expansive back deck with 220V for a future hot tub. The large, privately fenced yard allows ample play space for kids and pets. Newer roof shingles and a newer furnace add to your peace of mind. All this and an unbeatable location mere minutes to the lake with its many year-round activities, the Gates of Walden with shops, services and restaurants and neighbouring Fish Creek Park and Sikome Lake, you’ll have a hard time running out of things to do living here!

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