Despite the water main break, I hope you’re soaking up the summer vibes!
July has brought us some exciting updates in the real estate scene. In this month’s newsletter, you’ll find a comprehensive Market Statistics infographic, catch up on local events and the latest real estate buzz, and see what the recent Bank of Canada rate cut means for mortgages.
Be sure to read my feature article, "Exploring Outdoor Pools in Calgary." For the latest updates on opening dates, check out the link.
Plus, get the scoop on this month’s neighborhood spotlight and learn how specialized artificial turf can transform your outdoor spaces.
Got questions or thinking about your next move in real estate? I’m just a message away. Enjoy the read!
June sales decline amid supply challenges and rising prices
Sales in June reached 2,738, marking a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends. “The pullback in sales reflects supply challenges in the lower price ranges, ultimately limiting sales activity,” said Ann-Marie Lurie, Chief Economist at CREB®...READ MORE
The Bank of Canada recently announced a 0.25% rate cut, reducing the overnight rate from 5% to 4.75%. This change provides variable rate mortgage holders with an average decrease of $15 per month and $244 in annual interest savings for every $100,000 borrowed. The next meeting is scheduled for July 24, 2024.
Note: Static variable rate holders may not see changes in their payments.
Music in the Plaza at Heritage Park (Jul 3 – 28) Experience free live music all summer at Music in the Plaza in Calgary! Discover emerging bands weekly, enjoy dinner at Selkirk, explore Haskayne Mercantile Block shops, then relax with popcorn at the show. It's one of Calgary's top free attractions! Calgary Stampede (Jul 5 – 14) Check out this yearly 10-day event that combines a rodeo, exhibition, and festival. Experience one of the world's biggest rodeos alongside a parade, stage performances, live concerts, agricultural contests, chuckwagon races, and exhibits showcasing First Nations culture. Cowboys Music Festival’s 5th Annual BBQ Cook Off (Jul 11) Participate in the 5th Annual BBQ Cook Off at Cowboys Music Festival. Sign up your BBQ team today to vie for the BBQ championship title, demonstrate your grilling prowess, and contribute to the Calgary Stampede Foundation's noble cause. Calaway Comic Fest for Kids (Jul 12 – 14) Dress up as your fave superhero and join Calaway Comic Fest. Meet characters, enjoy daily activities, and catch the SuperDogs' Pawvenger show by Global Pet Foods. Rise Run/Walk, Yoga Meditate (Jul 13) Join Rise Run/Walk, Yoga Meditate—an outdoor event featuring running, yoga, and meditation. Enjoy music, henna, acro yoga, local vendors, and more. Participants get a cloth tote with health and wellness treats. Bow Valley Boot Stomp Country Musical Festival (Jul 19 – 20) Join for a weekend of music, dancing, and country fun. Featuring headliners Aaron Goodvin & Doc Walker, plus Kalsey Kulyk and Drew Gregory. Enjoy food, drinks, games, and more. Camping onsite available. Locked Zoo: Jumbled Jungles This jungle-themed escape game challenges you to unravel mysteries and escape before time runs out. Test your wits and teamwork while exploring animal conservation through puzzles. Calgary Water Lantern Festival (Jul 26) Join an evening celebrating light and community! Enjoy delicious food trucks, lively music, activities, and thousands of lanterns illuminating the night with love, hope, and joy.
Message from Calgary Outdoor Swimming Pools Association - Due to the ongoing water restrictions in Calgary, we regret to inform you that the opening dates for our pools have been postponed. We are actively coordinating with the City to establish new dates for reopening and will provide updates as soon as they become available. www.calgaryoutdoorpools.ca
Dive into Calgary's best outdoor pools for summer fun! From family-friendly wading pools to heated, chlorine-treated swimming spots with slides and picnic areas, there's something for everyone!
Silver Springs Outdoor Pool in Silver Springs community, features a 33m heated, chlorine-treated pool with diving boards. Open mid June to early September(date to be confirmed), it offers a snack bar, adult lane swim, and kids' amenities like a shallow end. The pool provides swimming lessons, water workouts, and private rentals. Enjoy shaded areas and a fenced green space for picnics.
Mount Pleasant Outdoor Pool in Mount Pleasant community, features a heated, chlorine-treated pool with zero-depth entry, toddler pool, and slides. Open July to early September(date to be confirmed), it offers lane swimming, swim lessons, and private rentals. Amenities include a snack bar, shaded seating, and picnic areas. Ideal for families and fitness enthusiasts.
Bowview Outdoor Pool in Hillhurst Sunnyside community, offers a chlorine-treated, heated pool with a large slide, kiddie slide, and mushroom sprayer. Open mid-June to early September(date to be confirmed), it features lane swimming, swim lessons, and private rentals. Amenities include a snack bar, shaded seating, and picnic areas. Ideal for family fun and fitness enthusiasts.
Riley Park Outdoor Wading Pool in Hillhurst neighborhood, is open mid-June to early September, 9 AM to 9 PM daily(date to be confirmed). This family-friendly wading pool features varying depths and an island, perfect for kids. There’s no snack bar, but picnic areas and natural shade are available. The chlorine-treated pool is free to use, with no lane swimming or rentals.
Royal Oak is a warm and inviting neighbourhood, perfect for families and anyone who loves the outdoors. The area offers a variety of housing options, including single-family homes, townhouses, and condos, so there's something for everyone. Residents enjoy lots of green spaces, parks, and trails for walking and biking. The nearby Royal Oak Centre has all the shopping and dining you need, making daily errands easy. Plus, with great schools and convenient public transit, it's an ideal spot for both commuters and families. Royal Oak combines comfort, convenience, and community in a beautiful setting.
