Calgary Real Estate

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Confession Time About This Blog

Blogging has not been my strength and so this is officially a work in progress.  I have some big plans for the blogging page in the foreseeable future so I ask for your patience as I venture into this side.

Market Updates

Market Knowledge


Canada’s luxury real estate market eased into spring with modest sales gains across key metropolitan cities, as the dynamic between ...

March 2024 Housing Market Update
Market Knowledge

March 2024 Housing Market Update

March reflects strong seller's market and price increases City of Calgary, April 1, 2024 – March sales rose to 2,664 units, a 10 per ...

February Housing Market Update
Market Knowledge

February Housing Market Update

Low inventory and high demand drive price gains in February March 1, 2024 Rising Sales and New Listings | Despite a rise in new listings ...

January 2024 Housing Market Update
Market Knowledge

January 2024 Housing Market Update

January sees strong sales fueled by boost in new listings February 1, 2024 Sales Growth | January sales saw a significant increase ...


Style & Design

Things To Do This Month FOR FREE in Calgary

Posted by Steven Hill on Dec 12, 2023

Times Are Tough, But Finding Low-Cost Fun Shouldn't Be Here Are Things To Do This Month FOR FREE Legacy’s ...

10 Halloween Safety Tips For Your Home

Posted by Steven Hill on Oct 03, 2023

Home safety for trick or treaters As a responsible homeowner, making your property safe for young trick-or-treaters ...


CREB Quarterly Stats - Q2 2023
CREB's Q2 2023 Housing Market Report
City of Calgary | August 16, 2023 –

The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing.

As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-term trends. What was not expected was the robust demand in the higher price segments of the market despite higher lending rates.

“An influx of migrants coming from Ontario and British Columbia are likely contributing to some of the strength for higher priced properties, as the relative affordability could make migrants less sensitive to the recent gains in lending rates, said CREB® Chief Economist Ann-Marie Lurie. At the same time, continued strength in our labour market is supporting demand across all property types.”

However, the robust demand is met with a shortage in supply. Housing inventory levels have remained notably low across various segments, encompassing the resale, new home, and rental markets. Despite relatively strong new home starts, these have not been sufficient to alleviate inventory constraints, primarily due to the influx of migrants. Resale supply has also encountered unexpected challenges, as higher lending rates and limited choices in supply have deterred existing homeowners from making changes.

The prevailing shortage in supply has contributed to the continuation of tight market conditions, which has led to stronger-than-expected price growth across all property types in the city. This steady appreciation in prices throughout the year has effectively offset declines observed in the latter half of 2022, ultimately resulting in new record-high prices.

“Home prices have exceeded our expectations as supply challenges have persisted throughout the spring market, added Lurie. “While the pace of monthly gains is expected to slow in the second half of the year, limited supply choice is expected to keep prices elevated throughout the second half of the year.”

Finding your dream home in today's market

Finding your dream home in today's market

Home-hunting can be a deeply frustrating experience if you approach the challenge without a plan.

As America confronts a shortage of homes for sale with sellers waiting out the recent spate of mortgage cost rises, you've got to be on your game as a buyer.

Finding the right property, negotiating successfully or being able to pick yourself back up when you miss out has never been more important.

These tried-and-tested methods have enabled buyers to find their dream homes in the toughest markets.

Be efficient

The first rule is to conserve your energy. Be selective about the properties you wish to view. You'll exhaust yourself if you try to walk through every house, apartment, duplex or condo that catches your eye.

Drive-by viewing

Before committing yourself to spending time inspecting an apartment or house, do a quick drive-by. Check out the exterior and get a first impression of the general maintenance of the property. 

Quick spin

Then, take a spin around the neighborhood to see if this is the type of area for you. Avoid wasting time making an inspection to then decide you don't like the area. Do it the other way around.

Limit inspections

Admittedly, this is a tough goal to set, especially as we're seeing fewer properties on the market than usual, a situation that's bound to change in the next few months. However, try to limit yourself to eight to 10 properties. So, choose carefully. 

Prioritize preferences

Selecting the homes to walk through will be easier if you have a clear idea of what you want. The attitude, “I'll know it when I see it”, is fine but it will take up your time. Only inspect a property if you like the price, location, condition and floorplan.


Tips for furnishing your first home

Tips for furnishing your first home

With all the excitement of purchasing your first property, you can be excused for feeling a little intimidated by the prospect of furnishing it to complete your dream of home ownership.

Naturally, you want everything to be perfect. 

Whether an apartment or house, this is your sanctuary. It's where you'll find respite from the pressures of daily life and invite friends and families over for social occasions. 

So, choosing the right furniture is not a small deal.

It's easy to be overwhelmed by the array of styles, such as Scandinavian, rustic, coastal or even minimalist. Or you just want to choose furniture you love, and ignore the principles of a particular style. These tips will help.

Find inspiration 

Go online and devour the wide range of home-styling magazines to find your perfect approach. Creating a mood board to capture furniture and layouts you love works a treat.

Color question 

Choosing furniture isn't just about size and comfort. Color is a significant factor. Decide on your color scheme before hitting the furniture shops. Consider the color of the walls and your flooring before deciding how to proceed.

Measure up

You should measure each of your rooms. One of the biggest mistakes to make is purchasing furniture that is too large for the intended room or living area. Mapping out your home will ensure you don't make this error.

Stay focused 

Pick your preferred styles and then research the approaches you can take within each style. If you adopt a scatter-gun approach, you'll likely end up with a mess of options.

Energy flow 

Your furniture will create a kind of “energy”. It's a great idea to use your mapping approach to decide the size of the furnishings and where they should be positioned. You want to ensure each room has a simple but efficient traffic flow. 

Eastern promise

Feng shui is the Chinese art of creating positive energy in your home. Its principles make a lot of sense. You may find it worthwhile checking out Feng shui and how it might help you.

The bottom line

It's common to gravitate towards furniture that we “absolutely must have” but is probably beyond our spending limit. It's fun to dream, but you need to keep your feet on the ground. Make a budget for each room to help pay attention to the dollars.


July Housing Market Update

Calgary home prices reach new heights: July sees seventh consecutive monthly gain
City of Calgary | August 1, 2023

Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 per cent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have declined by 19 per cent over last year.

In line with seasonal expectations, sales and new listings trended down compared to last month. However, this had minimal impact on inventory levels, which remained near the July record low set in 2006. With a sales-to-new-listings ratio of 82 per cent and a months of supply of 1.3 months, conditions continue to favour the seller.

“Continued migration to the province, along with our relative affordability, has supported the stronger demand for housing despite higher lending rates,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, we continue to struggle with supply in the resale, new home and rental markets resulting in further upward pressure on home prices.”

In July, the unadjusted total residential benchmark price reached $567,700, marking the seventh consecutive monthly gain. Prices are now over four per cent higher than the previous peak in May of 2022.


With 1,197 sales and 1,587 new listings in July, inventory levels trended up over last month. However, with 1,720 units available, inventory levels are at the lowest ever reported for July. Inventory levels have declined across all properties priced below $1,000,000. Shifts in sales and inventory have caused the months of supply to trend up over the one month reported over the past several months. However, conditions remain relatively tight, and prices continued to rise this month.

In July, the unadjusted benchmark price rose to $690,500, a monthly gain of nearly one per cent and over seven per cent higher than last July. Both year-overyear and monthly price growth was strongest in the city's most affordable North East and East districts.

With only 248 new listings in July and 211 sales, the salesto-new-listings ratio once again pushed above 85 per cent. The pullback in new listings relative to sales ensured that inventory levels remained low, and the months of supply remained just over one month.

With no shift in the sellers’ market conditions, the unadjusted benchmark price continued to trend up in July, reaching $616,800. Monthly gains were strongest in the North East and East district as both rose by over two per cent compared to June. The only district that experienced stability in monthly prices was the City Centre.

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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.