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JULY 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

🏡 July 2024 Calgary Real Estate Market update.

📈 With the busy spring market behind us, we are starting to see more inventory - still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years.


📈 Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers’ market conditions experienced throughout the spring. “While we are still dealing with supply challenges, especially for lower-priced homes, more options in both the new home and resale market have helped take some of the upward pressure off home prices this month,” said Ann-Marie Lurie, Chief Economist at CREB®.

📈 July sales eased by 10 per cent over last year's record high but were still higher than long term trends for the month. Improved supply helped slow the pace of monthly price growth for each property type.

*Data source: CREB Calgary Real Estate Board monthly statistics.

#calgaryrealestatemarket #calgaryrealestate #calgaryrealtor

July 2024 CREB Calgary Real Estate Full Report

July 2024 CREB Calgary REGION Real Estate Full Report

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JUNE 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS
Sales in June reached 2,738, a 13% decline from last year's record high. While sales improved for homes priced above $700,000, declines in lower price ranges offset these gains. Despite the drop, sales remain over 17% higher than long-term trends.
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Ann-Marie Lurie, Chief Economist at CREB®. “Inventory in lower price ranges continues to fall, limiting choices for affordable homes. It remains competitive, with over 40% of homes selling above list price.”
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Inventory improved over last year, especially in higher price ranges, but remains 40% below long-term trends, still favoring sellers. Tight conditions led to further price gains, with the benchmark price rising to $608,000, nearly 9% higher than last year. Prices increased across all districts, with the most significant gains in the North East and East districts.
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*data sourced from the CREB (Calgary Real Estate Board) monthly stats

June 2024 CREB Calgary Real Estate Full Report

June 2024 CREB Calgary REGION Real Estate Full Report

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Par3 and Executive GOLF IN AND AROUND CALGARY

There are several places to head out to enjoy golf with beginners in Calgary.

If you have kids that are learning, beginners, seniors, looking to work on your short game, these courses are perfect.

Let us know if we have missed any! We'd love to check them out.


1. GolfutureYYC  (formerly Golf Canada, formerly RCGA) on the corner of Glenmore and Deerfoot Trail. This course offers four sets of tees and ranges from 37 to 140 yards.

A short and pretty little 9-hole course with some water and sand that is not really in play (at least from the front tees).

This facility is a great place with a fantastic driving range (with tracers) food and beverages. And a 40,000 square foot practice putting green. 

The course has some trees and runs alongside the Bow River.  

 calgary par 3 golf


2. Lil Devil Golf Course in Chaparral Valley has a small 9-hole golf course - located by the Lil Devil Pro Shop. This course offers two sets of tees and ranges from 50 to 300 yards.

Minimal trees, no water and no sand traps – a nice place to learn golf.

Picnic tables and snacks are available here. Reservations are required, if it’s not busy walk-ons are possible. Check in at the Lil Devil Pro Shop.

A mini-putt course and a putting green also at this location.  Blue Devil golf course, range and clubhouse also at this location.

Phone: (403) 452-7892

 calgary par 3 golf


3. ​McCall Lake (city of Calgary) is an oasis in the middle of the city. It has an 18-hole course, a par 3 course, two putting greens, a chipping area, driving range, clubhouse with a licensed snack bar, basic golf supplies, and offers golf lessons. This course is a short par 3 with holes ranging from 70-135 yards. There is some water on this course – bring extra balls.

The airport is in close proximity – the only downside on this course is planes flying overhead.


4. Lakeview (city of Calgary) offers a well treed 9-hole course along the Glenmore Reservoir. Although along the reservoir, the water is not in play. There is no water on the course, and no sand traps. It's beginner friendly with a mix of par 3 and par 4 holes, the yardage ranges from 83 to 367yards. There is a putting green and small clubhouse with a licensed snack bar, and basic golf supplies. There is no driving range at this course.

Lakeview offers family specials and great junior rates (sometimes free with paying adult).

calgary par 3 golf


5. Shaganappi Point Valley 9 (city of Calgary) offers a pretty, well treed 9-hole course on the inside of their 18-hole course. This course is an intermediate course with 3 tees and a mix of par 3 and par 4 holes, the yardage ranges from 80 to 325yards. There is a driving range, putting green and small clubhouse with a licensed snack bar, and basic golf supplies.

The fun thing, once you (or your beginner) graduate to this course you can start to track a handicap.

 calgary par 3 golf


6. Douglasdale (Eaglequest). This course is an executive (par 3 and 4) 18-hole course. A clubhouse with full restaurant & patio, chipping green, putting green. The driving range, however it is located further from the course.  This course is an intermediate course with 3 tees and a mix of par 3 and par 4 holes, the yardage ranges from 90 to 366yards.

Be prepared to play 18 holes as this course does not bring hole 9 back to the clubhouse.

The summer camps for juniors are great fun – we highly recommend.

 par 3 calgary golf


7. The Loop - Heritage Pointe (South of Calgary). This is three holes, a par 3, 4, and 5 course.  There is a 13,000 square foot practice green and bunker – a great spot to practice and improve your short game. Also home to Launch Pad.


Richmond Green. This little par 3 course was the number one perfect place to start. Sadly, the city has closed this course. Maybe if enough people write the city, we could get the course back to the little beauty it was. It really was the perfect course for children, seniors, women learning in a non-threatening environment. A true gem.

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How to Create a Pet-Friendly Backyard

A dog-friendly backyard isn't just a luxury; it's a necessity for pet owners who want to ensure their pets are safe, healthy, and entertained. Here's how you can create the best outdoor space for your dog, combining fun, safety, and practicality.

1. Secure Fencing: Safety First

Why it matters: The first step to a dog-friendly backyard is ensuring your pet can't escape. A secure fence keeps your dog safe from potential dangers and prevents them from wandering off.

What to do:

  • Height: Ensure your fence is high enough (at least 6 feet for large breeds) to prevent your dog from jumping over.
  • Material: Choose sturdy materials like wood, vinyl, or chain-link. For smaller dogs, ensure there are no gaps they can squeeze through.
  • Maintenance: Regularly check for and repair any gaps, holes, or weak spots.

dog pet friendly backyard

2. Shaded Areas: Protection from the Elements

Why it matters: Dogs can overheat quickly, especially in hot weather. Providing shaded areas allows them to cool off and stay comfortable.

What to do:

  • Natural Shade: Plant trees or large shrubs that provide ample shade.
  • Artificial Shade: Install pergolas, awnings, or shade sails.
  • Dog Houses: Provide a dog house or a covered shelter where your dog can retreat from the sun.

dog friendly backyard

3. Water Station: Hydration is Key

Why it matters: Keeping your dog hydrated is crucial, especially when they’re active outside.

What to do:

  • Fresh Water: Ensure there is always fresh water available.
  • Dog Water Fountain: Consider installing a dog water fountain that provides a continuous flow of fresh water. 

dog friendly backyard

dog friendly backyard

4. Safe Plants and Landscaping: Avoid Toxic Plants

Why it matters: Some plants are toxic to dogs and can cause serious health issues if ingested.

What to do:

  • Research: Avoid plants like azaleas, lilies, and oleander, which are harmful to dogs.
  • Dog-Safe Plants: Opt for dog-friendly plants such as marigolds, sunflowers, and zinnias.
  • Mulch and Ground Cover: Use pet-safe mulch like cedar or pine. Avoid cocoa mulch as it is toxic to dogs.

dog friendly backyard

5. Dog-Friendly Features: Create Fun and Stimulation

Why it matters: Dogs need mental and physical stimulation to stay happy and healthy.

What to do:

  • Agility Course: Set up an agility course with tunnels, ramps, and hurdles.
  • Digging Area: Create a designated digging area filled with sand or loose soil where your dog can dig to their heart’s content.
  • Toy Storage: Keep a variety of outdoor toys like balls, ropes, and chew toys in a storage box.

dog friendly backyard dog friendly backyard

6. Comfortable Resting Areas: Rest and Relaxation

Why it matters: After playing, your dog needs a comfortable place to rest.

What to do:

  • Outdoor Beds: Provide weather-resistant outdoor dog beds.
  • Soft Surfaces: Include grassy areas or place outdoor rugs for added comfort.

dog friendly backyard 

dog friendly backyard

7. Secure and Easy Access: Dog-Friendly Pathways and Gates

Why it matters: Making it easy for your dog to move around safely ensures they can enjoy the yard without any risks.

What to do:

  • Gates: Install self-closing gates to prevent your dog from wandering out accidentally.
  • Pathways: Create non-slip pathways using materials like gravel, brick, or pavers.

dog friendly backyard

8. Lighting: For Evening Playtime

Why it matters: Proper lighting allows your dog to enjoy the backyard even after the sun goes down.

What to do:

  • Solar Lights: Install solar lights along pathways and near activity areas.
  • Motion Sensor Lights: These can help you keep an eye on your dog and deter unwanted wildlife.

dog friendly backyard

9. Pest Control: Keep the Yard Safe

Why it matters: Pests like ticks, fleas, and mosquitoes can harm your dog.

What to do:

  • Pet-Safe Products: Use pet-safe pest control products to keep bugs at bay.
  • Yard Maintenance: Keep the grass mowed, and clear away any standing water to reduce mosquito breeding sites.
  • Use plants that repel mosquitos and other pests, like Marigolds.

dog friendly backyard

10. Regular Maintenance: Keep It Clean

Why it matters: A clean backyard is essential for your dog’s health and safety.

What to do:

  • Poop Scoop: Regularly clean up after your dog to maintain hygiene.
  • Lawn Care: Keep the lawn trimmed and free of debris.

dog friendly backyard

11. Avoid toxic pesticides and herbicides.

Why it matters: Toxic chemicals can harm pets, absorbed through their paws, when they bite the grass, and lick their paws.

What to do:

  • Use non-toxic pesticides and herbicides.
  • Pull weeds by hand.
  • Hire professionals like Lush Lawns that use organic processes.

dog friendly backyard

Creating a dog-friendly backyard is a rewarding project that ensures your pet has a safe, fun, and engaging environment. Create a space where your pet can play, explore, and relax, making their time outdoors as enjoyable as possible.

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MAY 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

The month of May showed a resilient market with strong resale home sales, slightly below last year's record but well above long-term trends. Sales declined in lower-priced detached and semi-detached homes due to limited supply. According to Ann-Marie Lurie, Chief Economist at CREB®, new listing inventories have increased, mainly in higher price ranges, supported by a strong economy. However, these did not offset the decline in lower-priced sales. Inventory levels, though improved, remain low, favoring sellers. Price growth continued city-wide, with the benchmark price rising compared to both last month and last year.

*data sourced from the CREB (Calgary Real Estate Board) monthly stats

May 2024 CREB Calgary Real Estate Full Report

May 2024 CREB Calgary REGION Real Estate Full Report

#calgary #calgaryrealestatemarket #homebuyer #homeseller #calgaryhousing #calgaryrealtor #calgaryrealestate #calgaryliving


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MINI GOLF IN AND AROUND CALGARY

There are several places to head out to enjoy a round of mini-golf in and around Calgary. 

Let us know if we have missed any! We'd love to check them out.

1. Winsport (C.O.P. Canada Olympic Park) – NW Calgary. A family favorite. There are some challenging holes as this course is built onto the side of the hill.  A beautiful spot tucked into the trees. 

Reservations are highly recommended. 

The course incorporates stairs and bridges which may be challenging for some individuals.

Where to park and find the mini golf course at Winsport. or Google Map

calgary mini golf   


2. Stone Creek Adventure Golf – Country Hills Blvd (on the east side of Deerfoot at 999 Country Hills Blvd NE) – NE Calgary.  Another family favorite, it is also well treed.  A lot of water and vintage decor add to the atmosphere at this 18 hole course. Picnic tables and cafeteria style snacks.

There is also a driving range at this location.

999 Country Hills Blvd NE, Calgary, AB  

Phone: (403) 567- 0034

calgary mini golf


3. Oasis – Pebble Beach located South of Calgary / Heritage Point/DeWinton.  This 18 hole course is challenging in that it has holes longer than 75 feet and greens wider than 26 feet. Waterfalls, fountains, and streams throughout the course add to the beauty and the challenge. 

Packages available for birthday parties, corporate events, groups, charitable fund raisers, team building sessions, etc. 

There is also a driving range at this location.

Phone: (403)-873-0004 

calgary mini golf


4. GolfutureYYC Mini golf. (formerly Golf Canada, formerly RCGA) on the corner of Glenmore and Deerfoot Trail.

A fun little 9-hole course with twists, turns open all year round - it is outdoor, so weather permitting. 

This facility is a great place with a fantastic driving range (with tracers) food and beverages. And a 40,000 square foot practice putting green. 

A fun par 3 course is fantastic for beginners runs alongside the Bow River. 

calgary mini golf


5. Lil Devil Golf Course in Chaparral Valley has a small 18 hole mini golf course - located by the Lil Devil Pro Shop. 

Picnic tables and snacks are available here. Reservations are not required. Check in at the Lil Devil Pro Shop.

A fantastic Par 3 Course and a putting green also at this location.  Blue Devil golf course, range and clubhouse also at this location.

Phone: (403) 452-7892

calgary mini golf 


6. Crystal Ridge Golf – Okotoks – Maxman’s Mini Golf (south of Calgary). This course is worth the drive just south of the city. Another family favorite. Located right beside the Crystal Ridge golf course, it is a beautiful spot with full grown trees and great water features. 

9 Crystal Greens Lane, Okotoks

Reservations are not required. Check in at the pro shop.

calgary mini golf


7. Granary Road Yester Year Mini Golf Links Only $10 to play. Or FREE with Park Admission or an Annual Pass.

Location: 226066 112 Street West, Foothills, County, AB

Phone: 403-453-7623

calgary mini golf

Photo courtesy of Granary Road.

  

8. Calgary Farmyard 

A short drive South and East of Calgary Location: 284022 Township Rd 224, Rocky View County, AB

Phone: 403.648.2719

calgary mini golf

Photo courtesy of Calgary Farm Yard


9. Calaway Park Mulligan's Island Mini Golf 

9 Hole course

245033 Range Road 33 Calgary, AB


10. Cochrane Mini Golf – 240 Riverview Drive, Cochrane, AB  This 18 hole mini golf course opened in the summer of 2015.

No reservations are required. First come, first served.

cochrane mini golf


Indoor Mini-Golf:

Monster Golf – Indoor mini-golf – 2020A 32 Ave NE

Wild Mines Calgary located in Northland Village Mall – Indoor mini-golf 

Century Sports

 

Permanently Closed:

Shakers Fun Centre Mini Golf – East of Calgary at 9900 Venture Ave SE. A short drive to the East of Calgary. This is a fun course with jumps over the water and holes with 2 different routes for the ball to take.  It is located beside the go-cart track, so expect some noise from the track – but you can take in a couple laps while you are out there and make it a day of fun. shakerscalgary.com

Calgary Family Golf Centre North – 9550 Bearspaw Dam Road NW 

Target Greens – Located on the North East corner of Stoney Trail & Trans Canada Hwy 1851 84St NE – Sadly the last day was May 30th, 2016 – this course/driving range is no longer in operation.

Fun N More – Indoor black lit mini golf – 146 13226 Macleod Trail SE funnmore.com


calgary mini golf

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APRIL 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

Sales are still higher than usual for April. The increase in sales came from more affordable, high-density products. Sales in detached homes were the same as last year.

Inventory remains low. Consequently, prices continued to rise.

Lower-priced homes saw a 29% decline in supply, while higher-priced properties experienced growth in listings. This shift is attributed to high-interest rates, which are prompting demand for affordable homes and increasing listings for higher-priced ones.

*data sourced from the CREB (Calgary Real Estate Board) monthly stats

February 2024 CREB Calgary Real Estate Full Report

February 2024 CREB Calgary REGION Real Estate Full Report

#calgary #calgaryrealestatemarket #homebuyer #homeseller #calgaryhousing #calgaryrealtor #calgaryrealestate #calgaryliving

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House vs Townhouse vs Condo

Buying a house, townhome, or condo each offers distinct advantages and considerations in both the short and long term.

Short-Term Differences:

1. Cost: Generally, condos and townhomes are more affordable upfront compared to single-family houses. Condos tend to be the most budget-friendly option due to shared expenses and smaller individual space. Townhomes often fall in between condos and houses in terms of cost.

 2. Maintenance: Condos typically have lower maintenance, responsibilities such as exterior maintenance, landscaping, and common area upkeep are managed by the homeowner's association (HOA) through monthly condo fees. Townhomes may also have shared maintenance responsibilities but usually involve more private maintenance compared to condos. Houses require the most maintenance as the homeowner is responsible for all upkeep.

 3. Community Living: Condos and townhomes often provide a sense of community and shared amenities like pools, gyms, and clubhouses. Houses may offer more privacy but may lack these shared amenities unless part of a planned community.

 4. Space: Houses typically offer more space both indoors and outdoors compared to condos and townhomes. Condos may have limited space, especially in urban areas, while townhomes generally offer more space than condos but less than houses. Condos and Townhomes generally have guidelines for whether or not pets are allowed; including numbers and sizes.

 5. Customization: Homeowners in houses have more freedom to customize and renovate their property according to their preferences. Condo and townhome owners may have restrictions on modifications due to HOA rules and regulations.

 Home buying

Long-Term Differences:

 1. Appreciation: Historically, single-family houses tend to appreciate more over time compared to condos and townhomes. However, this can vary depending on factors such as location, market trends, and demand.

 2. Resale Value: Houses typically have higher resale value compared to condos and townhomes due to their standalone nature and larger size. Condos and townhomes may be more affected by market fluctuations and oversupply in certain areas, especially the smaller one-bedroom units.

 3. Rental Potential: Condos and townhomes often have strong rental potential due to their lower upfront costs and amenities. Houses may also be rented out, but they require more maintenance and management responsibilities.

 4. HOA Fees: Condos use monthly condo fees to cover shared expenses. Some townhomes will have condo fees, these are typically much lower than for a condominium. These fees can increase over time and impact long-term affordability. Many communities have a small HOA that the community association uses for maintaining amenities, this varies throughout the city. Some communities have had the city collect through taxes and take over the maintenance.

Taking this into account, long term this monthly fee tends to even out amongst the different styles. Over the long-term condo fees add up to maintenance costs that go into a home.  Short term however, condo fees can be a large expense that doesn’t pay off.

 5. Lifestyle Changes: Homeownership needs may change over time due to factors such as family size, job relocation, and lifestyle preferences. Houses offer more flexibility for accommodating such changes, while condos and townhomes may have limitations.

 Home buying

In summary, the short-term differences between buying a house, townhome, or condo revolve around cost, maintenance, space, and community living, while the long-term differences include factors such as appreciation, resale value, rental potential, HOA fees, and lifestyle changes. Ultimately, the best choice depends on individual preferences, financial considerations, and lifestyle needs.

Home buying

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FEBRUARY 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

In February, low inventory and high demand continued to push prices up in Calgary. Despite a rise in new listings, sales increased by almost 23%, keeping the sales-to-new-listings ratio at 79%, maintaining inventories at historic lows. The tight supply and increased sales led to the months of supply falling to just over one month, resembling levels seen last spring. Ann-Marie Lurie, Chief Economist at CREB®, noted that strong demand and low supply are driving price gains, particularly for homes under $500,000, which saw inventories drop by 31%. Higher-priced homes are seeing rising supply, leading to more balanced conditions in that segment. The East district saw the highest year-over-year price growth at 25%, while the City Centre reported the slowest growth at under five percent.

*Data sourced from CREB (Calgary Real Estate Board)

February 2024 CREB Calgary Real Estate Full Report

February 2024 CREB Calgary REGION Real Estate Full Report


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Tips for creating Productivity and Comfort in your Home Office

In the era of remote work, having a functional and comfortable home office is paramount for success. Whether you're a seasoned remote worker or just starting out, optimizing your workspace can significantly impact your productivity and well-being.

1. Adequate Lighting: Proper lighting is key to reducing eye strain and enhancing productivity. Aim for a combination of natural light and artificial lighting sources to brighten up your workspace. Position your desk near a window to benefit from natural light during the day, and invest in adjustable desk lamps for task lighting in the evenings.

Organized home office

2. Office Chair: Invest in a high-quality ergonomic office chair that provides adequate support for your back, neck, and arms. Look for adjustable features such as seat height, lumbar support, and armrests to ensure proper posture and comfort during long hours of work.

Organized home office

3. Identify a Workspace: Designate a specific area in your home as your dedicated workspace. Choose a quiet and clutter-free corner where you can focus without distractions. Ideally, your workspace should be separate from high-traffic areas to maintain concentration.

Organized home office

4. Add Plants: Bring the outdoors inside by incorporating plants into your home office decor. Not only do plants add a touch of greenery and aesthetic appeal, but they also help purify the air and reduce stress levels, creating a more conducive work environment.

Organized home office

5. Ergonomic or Standing Desk: Consider investing in an ergonomic or standing desk to promote better posture and reduce the risk of musculoskeletal issues. These adjustable desks allow you to alternate between sitting and standing throughout the day, improving circulation and energy levels.

Organized home office

6. Block out Distractions: Minimize distractions in your home office by creating physical and digital boundaries. Use noise-cancelling headphones to block out ambient noise, and set boundaries with family members or roommates to avoid interruptions during work hours.

Organized home office

7. Choose Colors Wisely: Select calming and neutral colors for your home office decor to create a tranquil and focused atmosphere. Avoid overly stimulating colors that may distract or overwhelm you while working.

Organized home office

8. Clear the Clutter: Keep your workspace organized and clutter-free to enhance productivity and mental clarity. Invest in storage solutions such as file cabinets, shelves, and desk organizers to keep essentials within reach and maintain a tidy workspace. Set your timer and spend 5 minutes per day to clear clutter and tidy.

Organized home office

9. Get Creative with Storage: Maximize space efficiency in your home office by getting creative with storage solutions. Utilize vertical wall space for shelving, invest in multi-functional furniture with built-in storage, and use decorative baskets or bins to corral loose items.

Organized home office

10. Get Organized: Establish a system for organizing your workspace, including files, documents, and supplies. Create digital folders for digital files, label physical folders for easy access, and schedule regular decluttering sessions to maintain orderliness. A professional organizer can get you started if this feels overwhelming.

Organized home office

11. Good Internet Service: Reliable internet connectivity is essential for seamless remote work. Ensure that your home office is equipped with high-speed internet service to support video calls, file transfers, and other online activities without interruption.

Organized home office

12. Table or Desk: Invest in a sturdy and spacious table or desk that accommodates your work setup and provides ample surface area for tasks. Choose a desk with built-in storage or add a separate filing cabinet for increased functionality.

Organized home office

13. Personalize Your Space: Infuse your personality into your home office decor to make it feel more inviting and inspiring. Display meaningful artwork, photos, or decor items that motivate and uplift you during the workday. Adding personal touches can make your workspace feel more welcoming and conducive to productivity.

Organized home office

14. Hook Up Your Headphones: Invest in a good pair of headphones or earbuds for clear audio during virtual meetings or when listening to music or podcasts while working. Wireless options provide freedom of movement and reduce desk clutter.

Organized home office

15. Prioritize Comfort: Above all, prioritize comfort in your home office setup to ensure long-term health and well-being. Invest in ergonomic furniture, take regular breaks to stretch and move, and listen to your body's cues to avoid discomfort and fatigue.

Organized home office

By incorporating these tips into your home office setup, you can create a workspace that fosters productivity, creativity, and overall well-being, allowing you to thrive in your remote work environment.

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The Silent Danger of Radon Gas in Your Home

In the realm of home safety, certain dangers lurk beneath our notice. One such hidden hazard is radon gas – a colorless, odorless, and tasteless radioactive gas that can seep into homes and pose serious health risks. 

As uranium breaks down, it releases radon gas, which can then enter homes through cracks and openings in the foundation, walls, and floors. Once indoors, radon can accumulate to dangerous levels, exposing inhabitants to increased health risks.

Prolonged exposure to elevated radon levels is associated with an increased risk of lung cancer, making it the second leading cause of lung cancer after smoking. The danger lies in the fact that radon is undetectable by human senses, making it crucial for homeowners to actively test for its presence.

Homeowners can easily test for radon using radon test kits, available at most home improvement stores, Amazon or through professional radon testing services (google or see below for links). Short-term tests typically last between 2 to 7 days, providing a snapshot of radon levels, while long-term tests offer a more comprehensive view over a period of several months (long term is ideal). Testing should be conducted in the lowest livable area of the home, such as the basement or ground floor, where radon concentrations are likely to be highest.

If test results reveal elevated radon levels, it's essential to take prompt action to mitigate the risk. Radon mitigation involves installing systems that prevent radon from entering the home or that redirect the gas away from living spaces. 


Find out more:

www.canada.ca/radon

www.radoncare.ca

www.greatwestradon.com

https://www.radonwest.com/

https://www.arpis.com/indoor-air/radon/

https://www.calgary.ca/environment/programs/radon.html

https://www.airthings.com/resources

https://www.ucalgary.ca/risk/environment-health-safety/environment/radon

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DECEMBER 2023 CALGARY AND REGION REAL ESTATE MARKET REPORTS

*Data sourced from CREB (Calgary Real Estate Board)

Strong migration and low supply drive Calgary housing prices in 2023 - Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominiums style homes. “Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels were low compared to the demand throughout the year, resulting in stronger than expected price growth.” Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44 per cent decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1,000,000. The persistently tight conditions contributed to our city's new record high price. While the average annual benchmark price growth did slow from 12 per cent in 2022 to nearly 6 per cent growth in 2023, the price growth was still relatively strong especially compared to some markets in the country.

December 2023 CREB Calgary Real Estate Full Report

December 2023 CREB Calgary REGION Real Estate Full Report

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.