April Market Update The Calgary market is too hot to handle, too cold to hold. If you know the tune I’m referencing, then you’re awesome. I wore pants like him but not for this video (-; Much like that song, if you’ve been in the real estate game as long as I have, you’ll understand what I’m saying. This market seems too hot for many and it is filled with uncertainty. With rate and lending changes, inventory dwindling to nearly none, and soaring prices, it’s a tough scene for many out there. But, we’re not just standing by and we are not just reporting stats. We are hustling to ..read more

March Market Update When the market it this hot, be careful you don’t get burned. Temperatures are rising (for now anyways) and so is the real estate market. Although we have seen an increase of inventory coming to the market, it is getting snatched up just as quick preventing inventory growth. With only 1.1 months of supply, the market is facing unprecedented challenges, and buyers and sellers alike must tread carefully. The biggest supply challenge is for homes priced under $500,000, which saw inventories fall by 31 per cent compared to last February. At the same time, we are starting to s ..read more

  Buying a home in Canada has become nearly unattainable for some first-time homebuyers due to soaring home prices, high mortgage rates, and the overall high cost of living, making affordability a significant challenge. For first-time homebuyers, the government provides various incentives in an attempt to ease the path to homeownership. First-Time Home Buyer Incentive We won’t delve into the First-Time Home Buyer Incentive as it will be discontinued as of March 31, 2024. Moreover, it involved the government owning equity in your home, making it an unpopular option. Home Buyer’s Plan The H ..read more

February Market Update A boost in new listings helped support stronger sales in January. The number of homes sold increased significantly to 1,650 units, compared to January last year. A total of 2,137 new listings came to market in January. The increase in new listings was mainly for homes priced above $300,000, with the largest gains seen for homes priced above $700,000. However, despite the rise in new listings, there is still a shortage of available homes in the city keeping it a seller’s market. Currently, there are 2,150 homes in inventory, which is close to the record lows set in Ja ..read more

January Market Update Just a few thoughts, a few predictions, and a few reflections. We’d love to hear yours too! Good always seems great after things have been bad. And like so many of us, when you’ve experienced the bad, we can better appreciate every little bit of good that happens. As we stop today and look ahead, we will make a few predictions, but only after I say: Holy sh!t, this is awesome because yes, it’s been bad. Bear with me as I explain. First and most importantly, it’s awesome that we’re connected and that we’ve all come so far in so many areas. Thinking about last year, and t ..read more

December Market Update As we step into the party season, holiday season, and gift-giving season; the real estate market in Calgary is offering unique opportunities. The new listings have risen by a remarkable 40% compared to November 2022, a trend we anticipate will continue into the new year. This increase in supply is good news for buyers, offering more options and a competitive edge. With that said, the sales-to-new-listings ratio is still 80%. That means almost everything, minus 20% of the not-so-good or overpriced stuff, is going quickly after coming to market. This is a time of year wh ..read more

As the winter chill sets in across Calgary, (yes, it’s coming) there’s some serious heat coming to our real estate market. I’m pumped to share some insights and updates with you. At Plintz Real Estate, we see it as the country’s hottest real estate market for this winter. A bold statement, indeed! But someone’s gotta read the tea leaves – and the stats. The average house price in our city has reached $571,600. For someone who grew up in a family that rented until my mom’s retirement, this figure resonates deeply. And we are buyers now for a few reasons, in spite of rates – which we thin ..read more

Calgary Housing Update – October 2023 Autumn is here, but one thing’s for sure – our housing market ain’t falling like the leaves. Prices will soar but it ain’t all good news. Let’s break it down real quick and make a few predictions. Because nobody remembers the person who said it would rain but everybody remembers the person who brought the umbrella. At Plintz we try to bring it or at least plan for what’s ahead. 1. Benchmark Price – Sitting pretty at $570,300, that’s an 8.7% jump from last year. This will happen again over the next 12 months and maybe more. 2. Sales – 2,441 homes got new o ..read more

September Update from Plintz Real Estate School is back, fall is in the air, and the real estate market is set for an incredible run. **Market Insights** The real estate scene in Calgary? One word: blazing. For property owners, it’s a golden period – prices are rising, no ifs or buts. If you’re scratching your head, ring me up, and we can chat.  It boils down to the good old supply and demand. It’s the guiding principle right now and it is helping us carve out tailored strategies for our you. Here’s the snapshot:  Nearly 3,000 sales this month. Still holding at only one month ..read more

The Calgary real estate show will indeed go on, and let’s delve into the timeline. You’ve likely encountered the adage: every boom is inevitably followed by a bust. This sentiment holds some truth, yet it lacks specificity. The “when” and “how long” remain unaddressed. We won’t attempt to provide those answers, but we’re committed to enhancing this perspective. At Plintz Real Estate, we acknowledge the cyclical nature inherent to real estate, with timing the market proving to be an intricate challenge. For now, Calgary’s real estate market remains in the spotlight, and the show, as they say ..read more