Hello and welcome to the latest edition of our Newsletter!
We're thrilled to unveil our refreshed look with an all-new website! It's not just looking a lot more modern; we've also enhanced functionality for an even better client experience. Take a peek at HappyHouseHunting.ca to see for yourself!
With the recent sunny days and milder weather, hopefully you’ve been able to get out and enjoy the weather a bit more. If you’re in the market for some real estate, it’s also a great time to see what’s out there in the real estate market. In this issue, explore the latest market statistics, a curated list of upcoming local events, and the latest real estate news. Don’t miss our main article on micro units, a growing trend for those looking to buy their first home. These small, efficient spaces offer a practical way into homeownership. Plus, we feature a detailed profile of a standout neighborhood, and a handy guide on essential tools every homeowner should have.
As always, If you have questions or anything else about real estate, I’m here to help.
Price growth persists in Calgary as seller's market prevails
Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 per cent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products. At the same time, there were 3,491 new listings in April, an 11 per cent gain over last year but only three per cent higher than long-term trends. The rise in new listings compared to sales prevented any further deterioration of the inventory situation. However, with 2,711 units in inventory, levels are 16 per cent below last year and half of what is traditionally seen in April...READ MORE
To request a custom market update for your specific neighborhood, email justin@happyhousehunting.ca with your neighbourhoods name!
Day Out With Thomas (May 4 – 5, 10 – 12) Join Thomas the Tank Engine on a train adventure in Calgary, featuring bubble-themed fun and a sensory-friendly program. Don't miss the chance to create family memories with real train rides and special experiences like Breakfast With Sir Topham Hatt - tickets are selling fast! Eau Claire Market Farewell Celebration (May 11) Celebrate 30 years of memories at the Eau Claire Market with a heartfelt farewell event, blending nostalgia and community spirit. Enjoy vibrant markets, cultural performances, and interactive art projects for a memorable experience! Mother's Day Brunch Buffet at Thomsons (May 12) Treat the special women in your life to an exquisite Mother's Day Brunch Buffet prepared by talented chefs. Reserve your spot now for this highly sought-after event before tables fill up! Mother's Day Brunch at Fairmont Palliser (May 12) Celebrate Mother's Day in the beautiful Crystal Ballroom at the Fairmont Palliser. Treat your loved ones to delicious food, live music, and cherished moments together. Highfield Food & Beverage Market Fest (May 18 – 19) Savor the finest Brewery Belt beverages while exploring Market Fest, featuring unique items from local vendors at this AGLC Licensed event. Admission is free, so come and enjoy! East Town Get Down Independent Music and Food Festival Experience over 40 bands across 10 venues on INTL Avenue (17 Avenue SE), where you can enjoy diverse international cuisine alongside a curated lineup of independent music genres—all at an affordable price! Servus Calgary Marathon (May 26) Celebrate 60 years of Canada's longest-running marathon. With six race distances catering to all abilities and ages, including options for walking and mobility devices, it's an event for everyone to enjoy. Cochrane Pet Expo (Jun 1) Enjoy food trucks, entertainment, and vendors showcasing the latest pet products at the Cochrane & District Agricultural Society Park. Bring the whole family, including your leashed pup!
A brand new wine and food experience coming to the BMO Centre. Featuring the champion wines from the Stampede Cellar Showdown international wine competition and locally produced culinary offerings provided by over 20 restaurants from across Alberta, guests will have the chance to sip, swirl and savor wines and vote for the best bites of the night.
An introduction to micro units As home ownership aspirations adapt to urban living, micro units are emerging as the answer to space issues and financial challenges. Here's a primer on micro units and how they might be suitable for you too.
What is a Micro Unit? A micro unit, typically found in studio apartments, is an exercise in space efficiency. Ranging from 100 to 500 square feet depending on where you’re located, these units redefine what it means to live small, ensuring a full living experience with a minimal footprint. In Vancouver, legal dwelling unit sizes can go as low as 320 square feet.
Who chooses this lifestyle? Who chooses micro living? Micro living appeals to a diverse range of individuals, from young professionals and empty nesters to environmentally conscious individuals seeking a minimalist lifestyle. With the cost of living in Canada rising significantly in recent years, those who settle in these smaller units can enjoy lower maintenance costs and a more sustainable way of life. Micro units are often located in prime urban areas that are close to amenities, public transport and city life. This makes micro living a good choice for the modern city dweller.
What about financing? Financing a micro unit can be a little different from other units. Some of the banks, such as TD and Scotiabank have restrictions on their policies for units under 600 square feet. Sizing restrictions will vary amongst the banks, so it’s best to check in-person with a Mortgage Specialist.
Conclusion While micro living may not be suitable for everyone, it offers a unique opportunity for those seeking an affordable, minimalist, and sustainable lifestyle in urban centers across Canada. As cities continue to adapt and embrace this trend, micro units are poised to become an increasingly viable housing option for homeowners and aspiring buyers alike.
McKenzie Towne, located in southeast Calgary, epitomizes a small-town ambiance within a large city. This community boasts a variety of housing options including single-family homes, townhouses, and condos, catering to diverse lifestyles and budgets. Architecturally distinct, McKenzie Towne is divided into three areas: Prestwick, Elgin, and Inverness, each with its unique charm. The heart of the neighbourhood is High Street, offering shops, cafes, and essential services that foster a vibrant community spirit. The area is enriched with ample green spaces, parks, and a scenic pond, ideal for outdoor activities.
Additionally, McKenzie Towne Hall acts as a central hub for community events, further enhancing the neighbourhood's strong sense of community. Overall, McKenzie Towne offers a blend of modern living with a nostalgic, communal feel, making it an attractive choice for many.
