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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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New property listed in Airdrie, Airdrie

I have listed a new property at 15 102 Canoe SQUARE SW in Airdrie. See details here

Welcome to Morningside Landing in the heart of Airdrie! Complete with 3 bedrooms above grade and a professionally developed living area on the lower level, this awesome space has plenty of room for the growing and extended family. A private side entrance introduces you to an open concept main floor plan. Kitchen includes loads of cupboard space and stainless steel appliances (new stove) and an attached island which overlooks the dining and living room areas. Enjoy cozy nights watching the big screen curled up in front of the fireplace. Completing the main floor are a 2 piece bathroom and back patio area for a summer BBQ. Upper level boasts 3 bedrooms and a bonus room for the home office. Spacious primary bedroom has built-ins and a cheater ensuite. Stunning fully developed lower level is a perfect place for extended family. Vinyl plank flooring dominates this open area including cabinets, a sink, stainless steel refrigerator, and washer/dryer combination. Beautiful full bathroom, a moveable closet, and pot lights with dimmer switches    are icing on the cake. Permits were acquired giving you a piece of mind that all was completed professionally and with care. Double attached front garage with access from the interior. Located on a local traffic and safe circle, this would be a great spot for the family.   Walking distance to grocery stores, coffee shops, and restaurants.   

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New property listed in Palliser, Calgary

I have listed a new property at 327 2144 Paliswood ROAD SW in Calgary. See details here

PREMIUM LOCATION IN THIS COMPLEX. This immaculate, quiet and spacious condo at Courtyards West Park in Palliser boasts 2 private treed view balconies (south and east exposure) making it feel like you are no longer in the city. A peaceful setting like this cannot be overlooked. Prepare to be impressed with the many EXTENSIVE renovations that have been implemented throughout the entire living area of this bright and open concept layout, which boasts plenty of natural lighting and engineered hardwood flooring throughout. Dream kitchen includes a tasteful combination of quartz countertops, upgraded Bosch dishwasher and stainless steel appliances, gorgeous cabinetry and two pantries. This area opens up to the dining and living room with a featured tiled gas fireplace. The dining room flows to the living area making it perfect for family gatherings. Enjoy warm summer days dining on the main east facing balcony with natural gas hookup. A serene setting that must be experienced. The generous sized primary bedroom includes a full 4 piece ensuite with deep soaker tub, separate shower, and walk-in closet. The second bedroom is large enough to accommodate guests quite comfortably and balcony access to the south facing balcony. Dedicated laundry with modern front load washer/dryer and a full bathroom complete this amazing layout that will be sure to impress. Steps to the Glenmore Reservoir, close to Rockyview hospital, medical and shopping at Glenmore Landing. Did I mention location? You really need to see this stunning masterpiece. Amenities at the complex include a social room and kitchen for larger gatherings and a wonderful quiet courtyard for those warm summer nights. There is even a guest suite available. Security system on all entrances to the building including front door access and heated underground titled parking stall - secure storage. This condo will check all of the boxes and must be seen.

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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 


4. Golffanatics Mini golf. (formerly Golf Canada, RCGA, Golf Future) 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. 


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 


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

  

8. Calgary Farmyard 

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

Phone: 403.648.2719

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.


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

Speeders  Calgary's New Racing-Themed Mini Golf   324 58 Ave SE #4000

 Riverside Point McKay Golf: 

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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New property listed in Beltline, Calgary

I have listed a new property at 402 1123 13 AVENUE SW in Calgary. See details here

Welcome to Executive Estates! Located on a peaceful street right across the road from Connaught School, access to anywhere is quick and convenient. This beautiful and secure building has a super clean common area leading up to the unit on the 4th floor. Spacious condo is dominated by hardwood and ceramic tile flooring. Kitchen includes tasteful maple cabinets along with granite counter tops, stainless steel appliances, and under mount sink. Living room boasts plenty of natural light with sunny south exposure along with access to the private balcony, making it perfect to enjoy your morning coffee. Completing this well kept unit are a good sized bedroom, full bathroom, in suite laundry, assigned storage and parking. Steps to downtown and all restaurants/shops on 17th  Ave, this is a great opportunity for those looking to get into the market or investor.   

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New property listed in Citadel, Calgary

I have listed a new property at 209 Citadel POINT NW in Calgary. See details here

BEAUTIFUL CORNER TOWNHOME IN A PRIME CITADEL LOCATION! Boasting awesome curb appeal and two parking stalls directly in front of the unit, this well maintained home may well be what you have been seeking all along. Main level includes a spacious living room complete with a cozy fireplace for those cool nights. Kitchen overlooks the dining room and includes plenty of cupboard space and all appliances. Enjoy a summer BBQ in your private yard, overlooking a gorgeous greenspace and pathway. No neighbours to the back.....what a treat! Completing the main level are a half bathroom and foyer. Generous sized primary bedroom is the highlight of the upper level, which also has two additional bedrooms and a full bathroom. The unspoiled lower level includes 4 windows and a rough in for another bathroom. Furnace and laundry are tucked away nicely for this great space awaiting your creative development ideas. Easy access to the ring road and close to schools, shopping, restaurants and the YMCA in Rocky Ridge. A tremendous opportunity that cannot be overlooked.

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New property listed in Rocky Ridge, Calgary

I have listed a new property at 113 345 Rocky Vista PARK NW in Calgary. See details here

Beautifully maintained corner unit at Pavilions of Rocky Ridge! Located at the back corner of the complex, this quiet and private 2 bedroom/2 bathroom plan is perfect for a couple looking to downsize or young professionals getting into the market. Generous foyer leads to the open concept living room, dining room, and kitchen making it perfect for entertaining. Kitchen includes a tasteful combination of upgraded stainless steel and black appliances with plenty of maple cabinets. Enjoy quiet nights watching the big screen curled up in front of the stone corner fireplace. Super private patio with awesome morning sunlight, natural gas hookup for the BBQ, storage, and easy access to the path system. Spacious primary bedroom includes a full ensuite and large walk-in closet. Second bedroom is at the other end of the condo and is right beside the main bathroom. In suite laundry room with more storage is icing on the cake. Gleaming hardwood flooring dominates. Titled underground parking with even more storage directly in front of the stall. Access to all amenities this complex has to offer - exercise room, salon, games room, party room and theatre. Come and check the amenities out on the showing tour with your favorite agent. This amazing location is a short walk to the C-Train station, a 5 minute drive to the Rocky Ridge YMCA and all area shopping. Immediate possession is available. This is truly a great property with so much to offer.

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New property listed in Copperfield, Calgary

I have listed a new property at 59 Copperstone DRIVE SE in Calgary. See details here

YOUR SEARCH IS OVER! Backing onto a wetland reserve, this lovingly cared for and original owner home is a special opportunity to get into the desirable community of Copperfield. Gorgeous curb appeal will have you wanting more and the interior will certainly not disappoint. Total open concept main level is highlighted by a dream kitchen, which has plenty of cupboard space, upgraded stainless steel appliances, corner pantry and island with raised breakfast bar. The kitchen overlooks the dining and living room areas making it perfect for entertaining. Enjoy cool nights curled up in front of the tasteful tile surround gas fireplace. Sunny southwest exposure allows for maximum natural light and warm BBQ days on the raised deck. Completing the main level are a half bathroom and large foyer. Upper level boasts 3 good sized bedrooms, bonus room, full bathroom and upper laundry. Generous sized primary bedroom includes a full ensuite along with a walk-in closet along with some fantastic views to the south. Bonus room is a great spot for the big screen. Unspoiled walkout basement includes plenty of windows, a rough in and invites your future development ideas. Central air conditioning is truly icing on the cake. Lower patio and beautifully landscaped backyard is ideal for watching the kids play. Easy access to the ring road, area shopping and schools. Pride of ownership is evident everywhere you look. Homes of this quality do not often hit the market. Show and sell.  

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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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New property listed in Acadia, Calgary

I have listed a new property at 613 Agate CRESCENT SE in Calgary. See details here

Home ownership in desirable Acadia! Located on a quiet street across from St. Cecilia School, this completely renovated and well maintained bungalow may well be what you have been seeking all along. Gorgeous curb appeal will have you wanting more and the interior will most certainly not disappoint. The main level foyer opens to the generous sized living and dining room areas, making it perfect for entertaining or having a morning coffee while you enjoy the fantastic sunrises. Kitchen includes white cabinets, granite countertops, updated stainless steel appliances, tasteful backsplash, undermount dual sinks and space for a kitchen table. Completing the main level are a huge primary bedroom with dream 5 piece ensuite, a second bedroom and another full bathroom. Hardwood and ceramic tile dominate. Cool in summer and warm in winter, the fully developed basement maximizes total living space with a large family room, a bedroom for guests or extended family, a 3 piece bathroom, and plenty of storage. Recently installed furnace is quiet and programmable. Tankless hot water on demand. Pride of ownership is quite evident everywhere you go. Spend warm summer days in the private, low maintenance west facing backyard, complete with a new patio with gas hookup for the BBQ. This home also includes a carport giving easy access to your vehicle from the house while protecting it from the elements. New sewer line from the dwelling to the city connection. Central location near main arteries making it easy to get downtown or out of town. Close to area shopping, libraries, grocery stores, and schools. A safe and quiet neighborhood all around. This home cannot be overlooked. Show and sell.

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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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