Looking for adult living? For a long time, Calgary has offered many options for adult living in many age different categories. There are plenty of examples with an age restriction such as 18+, 40+, 45+, 55+, etc. However, it is important to know that changes in age restricted buildings are on the horizon. New law in age discrimination of condo living By the year 2033, only the 55+ age restriction will still be allowed. This means that owners of all age restricted buildings, except for the 55+, need to adhere to a new bylaw. This new provincial law regarding age discrimination came into effect ..read more

Real Estate Statistics for April 2024 will be available early May   March 2024 real estate stats May 2024 real estate stats The post Real Estate Stats April 2024 appeared first on MLS Listing Realtor ..read more

March reflects strong seller’s market and price increases Calgary, April 1, 2024 – March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 per cent, and the months of supply fell below one month. Click to view all Calgary real estate stats from March 2024 “We have not seen March conditions this tight sin ..read more

Buying a brand new condo from a builder? Resale value is a very important point to consider. When buying a new condo that is still under construction, many people find it hard to imagine what factors will affect its resale value. In the article What to look out for when buying a new condo, we already gave some suggestions of what to look for. In this article we dig deeper into the resale value of a new condo. The location of the building The location of the building is obviously very important for resale value and requires some research. What is the community like, where are the shops and othe ..read more

Coming soon The post 304 560 6 Avenue SE East Village appeared first on MLS Listing Realtor ..read more

Low inventory and high demand drive price gains in February Calgary, March 1, 2024 – New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 per cent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 per cent, ensuring inventories remained near historic lows. Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spri ..read more

Whether you are a first time buyer or a seasoned investor, anyone buying a brand new condo needs to use extra due diligence. In some cases, the complex will already be finished, but, in other cases, there may be merely a hole in the ground, and one is buying from a drawing. In any case, questions need to be asked. Here follows some advice, tips and questions to ask when buying a brand new condo. Salespeople vs realtors Unlike realtors, builders are not bound by the same codes of ethics. This means that staff in a show home are salespeople. In essence, it is the same as stepping into a car deal ..read more

January sees strong sales fueled by boost in new listings Calgary, February 1, 2024 – January sales rose to 1,650 units, a significant gain over last year’s levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000. Click to view all Calgary real estate stats from January 2024 The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels a ..read more

Looking to do a renovation on your home? Do your due diligence when selecting a contractor. Here are a few tips when choosing a contractor in Calgary. What are you renovating? What contractor to look for often depends on the type of renovation. Is it a smaller renovation such as a bathroom? Or a bigger one such as a home addition? Depending on the type of renovation, some contractors are specialized in particular fields such basement developments, bathrooms or kitchens. When selecting a contractor for a job, make sure that the contractor can actually handle the renovation. Obviously, some wor ..read more

Happy New Year! The December stats will be uploaded in the next few days. The post Real Estate Stats December 2023 appeared first on MLS Listing Realtor ..read more