October 2024 - Calgary Real Estate Update
.CampaignEmail * { margin:0; padding:0; font-family:"Roboto", Arial, sans-serif; } .CampaignEmail table { width:600px; max-width:600px; text-align:left; } .CampaignEmail a { color:#3F51B5FF !important; } .CampaignEmail img { width:600px; max-width:100%; } .CampaignEmail figure { max-width:600px; margin:0; } .CampaignEmail figure.image { width:600px; max-width:600px; } .CampaignEmail figure img { width:100%; max-width:600px; } .CampaignEmail figcaption { color:lightgrey; font-size:0.9rem; text-align:center; } .CampaignEmail td { max-width:600px; } .CampaignEmail h2 { font-size:24px; line-height:1.5; margin-bottom:1.2rem; } .CampaignEmail p { line-height:1.375; margin-bottom:1.2rem; text-align:left; } .CampaignEmail figure.table { line-height:1.375; } .CampaignEmail figure.table td { padding:0px 10px 10px 10px; } .CampaignEmail figure.table td figure.image { max-width:250px; margin:auto; } .CampaignEmail figure.table td figure.image img { max-width:250px; } .CampaignEmail figure.table p { margin-bottom:0; } Exciting news for home buyers across Canada! The government is rolling out major mortgage reforms to help the younger generation achieve homeownership, including longer amortization periods and higher mortgage limits. In this month’s newsletter, I’ll be sharing three scenic hiking spots around Calgary that offer a perfect escape from the daily grind. With some of these trails showcasing stunning fall foliage, make sure to have your phone charged for beautiful autumn photos. Be sure to check out our monthly real estate market update, a new featured neighborhood, recent news, and local events to enjoy this Thanksgiving and Halloween. Don’t miss the section on pumpkin art—you’ll be amazed at how far pumpkin carving has come! As always, if you have any questions, feel free to reach out to me! Justin NewmanMobile: 403-969-5542Office: 403-668-1272✉ justin@happyhousehunting.cawww.happyhousehunting.ca New listing growth driven by higher-priced homes Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year's record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September. “We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®...READ MORE Government announces boldest mortgage reforms in decades to... – Canada.caHow do the new federal rules on mortgages affect the Calgary... – Calgary HeraldHousing starts in Calgary on track to set new record – Calgary HeraldLow supply a common theme in Calgary's surrounding... – Calgary HeraldHousing supply eases with slower sales, more inventory – Calgary HeraldRate, price decreases boost purchasing power across Canada – Calgary Herald Calgary Ghost Tours at Heritage Park (until Oct 17)Experience the eerie side of history with Heritage Park's Ghost Tours, where guides share haunted tales and chilling stories as you explore the park's historic streets.Pumpkins After Dark (until Oct 31)Canada's largest Halloween festival returns to Calgary with 10,000 hand-carved pumpkins, live carving, music, and fall treats. Enjoy roaming performers and photo ops at this family-friendly event.ScreamFest (Oct 11 – 31)Canada's biggest Halloween event returns with haunted houses, spooky games, and scary entertainment. Rated PG13, it's meant to frighten adults and is not recommended for young children or the faint-hearted.Pumpkin Fest by Blue Grass (Oct 12)Save the date for the 21st Annual Pumpkin Fest at Blue Grass Nursery, featuring pumpkin carving, a scarecrow contest, and fun for all ages, supporting Alberta Children's Hospital.Calaway Park Thanksgiving (Oct 12 – 14)Visit the park during Thanksgiving Weekend! Please bring a non-perishable food item to support the Calgary Community Kitchen.Heritage Park Thanksgiving (Oct 12 – 14)Celebrate Thanksgiving weekend at the Historical Village's final 2024 weekend with dining, train rides, and family fun. Enjoy year-round events like Ghouls’ Night Out and explore the new Bison exhibit at Heritage Park!Creepin' it Real (Oct 19)Enjoy a day of printmaking fun for all ages at NVRLND Boutique, with activities like building monster magnets and printing glow-in-the-dark linocuts. Prices range from free to $14, with plenty of hands-on crafts and chances to win prizes.Brick Roundup 2024 (Oct 19 – 20)Visit Calgary’s premier LEGO® show for an exciting weekend, with public hours on Saturday from 10:00 AM to 5:00 PM and Sunday from 10 AM to 3 PM. Please note, all minors must be accompanied by an adult. The Bank of Canada frequently adjusts its prime interest rate, and these changes have a direct impact on mortgage rates. We aim to offer a perspective on how these adjustments influence the discounted 5-year fixed mortgage rates in Canada. By compiling key historical data, we can illustrate the peaks and trends that have shaped the current market. This analysis provides valuable insights into the connection between interest rate policies and the rates consumers experience today. Canada offers some of the best hiking trails around the world, but it's often challenging to find time to get out in nature when you’re always busy at work. This month, we’re going to explore three hiking trails within Calgary that offer 5 kms or more of walking in nature. Each hiking spot will provide the trail name, distance, location, map of the starting point, and key features. Even if you live downtown, a good hike is closer than you think! Length: Up to 10 kmLocation: Northwest CalgaryMap: Nose Hill Park One of the largest urban parks in Canada at just over 11 km2, this park sits on top of Nose Hill and offers expansive trails with stunning views of the city and the Rocky Mountains. With its rolling hills, people describe walking through this park like walking through a prairie. If you’re a runner, you’ll enjoy the challenge of running up and down different elevation changes throughout the park. There is also a designated off leash area for dogs, and the park is well-maintained and very clean. Length: 6 kmLocation: Northwest CalgaryMap: Bowmont Park If you’re looking for a hilly walk with stunning views, you’ll enjoy Bowmont Park where you’ll find great trails and a gorgeous view of the river. Whether you’re a cyclist looking for an easy trail to ride, or you’re a dog owner who wants to unleash your dog, this park has it all. There are great views of the mountains, and you’ll even catch the occasional person fly fishing in the river. In the winter months, you’ll spot people bird watching and enjoying the beauty of the trails. Length: 8 kmLocation: Southwest CalgaryMap: Weaselhead Flats Natural Environment Park Located at the western edge of Glenmore Reservoir, this trail system offers a mix of wetlands, forests, and open spaces. You’ll have plenty of opportunities to enjoy the view of the lake overlooking the Rocky Mountains. At close to 600 acres, this park offers a variety of trails that take you through the beauty of nature in Calgary without having to leave the city. This is a top spot for families, hikers, and cyclists. Currie, located in Calgary's southwest, offers a mix of modern condos, townhomes, and single-family houses, making it ideal for a range of buyers. The community is known for its green spaces like Alexandria Park and the historic Officer’s Mess Garden. There are playgrounds for kids and walking paths for those who enjoy the outdoors. Currie is also close to Mount Royal University, several top-rated schools, and major roadways, making commutes easy. With nearby restaurants, cafes, and boutique shops, everything you need is within reach. It’s a neighbourhood that’s growing while keeping its historic charm intact. This email was sent by: Justin Newman - eXp Realty, 700 - 1816 Crowchild Trail NW , Calgary, AB, T2M3Y7 If you don’t want to receive emails anymore, you can unsubscribe Email Newsletter for Real Estate Professionals Designed by RealInfoBOX.com
August 2024 - Calgary Real Estate Update
Welcome to the August 2024 Real Estate Update, I hope you're enjoying the summer sunshine! I'm excited to bring you this month's newsletter, packed with insights to help you navigate our dynamic real estate market. You'll also find a list of exciting local events and the latest real estate news to make the most of your summer. My main article dives into how top elementary schools in the area are shaping real estate decisions – a must-read if you're considering a move. Plus, I've featured another interesting neighborhood spotlight and included a handy guide on selecting the perfect front door material to boost your home's curb appeal. As always, I'm here for any questions or real estate advice you might need. Whether you're curious about market trends or ready to start your home search, feel free to call or text me anytime. Justin NewmanMobile: 403-969-5542Office: 403-668-1272✉ justin@happyhousehunting.cawww.happyhousehunting.ca Supply levels improve, taking some pressure off prices With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years. Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers’ market conditions experienced throughout the spring...READ MORE Calgary real estate market moves closer to balanced... – Western StandardCalgary home sales fall 10% year-over-year as prices rise in... – Calgary HeraldWest among the best for home price appreciation in Canada – Calgary HeraldCalgary homes similar in price to Dallas – Calgary HeraldCalgary sees 13% drop in sales amid supply challenges, rising prices and... – REMMore income needed to qualify for mortgages in Calgary – Calgary HeraldCalgary’s commercial real estate market driven by multi-family... – Calgary Herald Calgary Fringe Theatre Festival (Aug 2 – 10)Support theatre artists across disciplines by watching live indoor Fringe Theatre performances for in-person audiences. Enjoy special events after the shows and watch recordings on demand from home.Airdrie Windwood Music Festival (Aug 3 – 11)International artists will gather in Airdrie for a two-week residency to create music projects that celebrate sustainability, community, and the arts. These projects, inspired by local landscapes and produce, will be showcased in various public spaces, highlighting collaboration between community members and music.Music in the Plaza at Heritage Park (Aug 7, 14, 21 & 28)Enjoy free live music in Calgary all summer, featuring top emerging bands each week. Watch from the Selkirk patio while dining or explore the Haskayne Mercantile Block before settling in with a lawn chair and popcorn.Calgary Dragon Boat Race & Festival (Aug 9)The Calgary Dragon Boat Race & Festival at North Glenmore Park features dragon boat racing, cultural events, entertainment, and attracts over 1,250 competitors and 3,000 spectators. Supporting local businesses, the festival hosts 50 vendors and 15 food trucks.YYC FanFair (Aug 10)Prepare for an immersive adventure where top vendors offer comics, toys, art, and more, along with thrilling entertainment for all ages. Discover unique collectibles, enjoy activities like the Video Game Trader Arcade, and see impressive cosplays like the Alberta Ghostbusters, all while celebrating creativity and passion for pop culture.Marda Gras Street Festival (Aug 11)The city's longest-running street festival returns to Marda Loop, offering a free, family-friendly event with exciting activities and a Pet Pageant. Co-presented by Calgary Co-op and Truman Homes, enjoy a day of local shopping, community connections, and pedestrian-friendly fun.Expo Latino Festival (Aug 16 – 18)Expo Latino features live music, dance, diverse Latin American cuisine, and a new Augmented Reality Experience. Enjoy food trucks, artisans, cultural pavilions, street performers, and a kids zone at this all-ages festival.Summer Skirmish at The Military Museums (Aug 17 – 18)Join Summer Skirmish 2024 for a weekend of thrilling re-enactments and interactive displays spanning 2000 years of warfare. Highlights include Viking raids, medieval duels, gladiatorial combat, musketry demonstrations, and modern military exhibits. Calgary's education system is a cornerstone of the city's commitment to nurturing young minds. As parents and homebuyers, understanding the link between top-ranked schools and property values is crucial in making informed real estate decisions. The Calgary Board of Education and Calgary Catholic School District oversee a diverse array of elementary schools, each contributing to the city's reputation for educational excellence. Recent initiatives, such as increased funding for STEM programs and enhanced language learning opportunities, have further bolstered Calgary's standing in the education sector. While our infographic highlights Calgary's top 20 elementary schools, it's important to note how these educational gems influence the real estate landscape. Properties within the catchment areas of highly-rated schools often command a premium. What sets these top schools apart? Factors include innovative teaching methods, state-of-the-art facilities, and strong community involvement. Many offer specialized programs like French immersion or fine arts focus, catering to diverse student interests and learning styles. For homebuyers with school-age children, here are some tips: 1. Research school ratings on the Fraser Institute website2. Visit schools personally to get a feel for the environment3. Talk to local parents about their experiences4. Consider future development plans in the area that might affect school boundaries Looking ahead, Calgary's education system continues to evolve. Plans for new schools in growing communities and increased integration of technology in classrooms signal a bright future. These developments not only enhance learning opportunities but also contribute to the long-term value of nearby properties. In Calgary, a great education and a sound real estate investment often go hand in hand. Whether you're buying, selling, or simply curious about your neighborhood's educational landscape, understanding this connection is key to making informed decisions in our dynamic city. Parkland is a welcoming neighbourhood characterized by its diverse housing options, including spacious single-family homes and contemporary condos. The area is celebrated for its lush parks, including the expansive Fish Creek Provincial Park, which offers recreational activities and scenic trails. Parkland's strong community spirit is evident through local events and active neighbourhood associations. Residents enjoy easy access to quality schools, shopping amenities, and efficient public transit, blending a serene residential environment with urban convenience, making it a popular choice for families and professionals alike. This email was sent by: Justin Newman - eXp Realty, 700 - 1816 Crowchild Trail NW , Calgary, AB, T2M3Y7 If you don’t want to receive emails anymore, you can unsubscribe Email Newsletter for Real Estate Professionals Designed by RealInfoBOX.com
July 2024 - Calgary Real Estate Update
Hello and welcome to our July Newsletter! 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! Justin NewmanMobile: 403-969-5542Office: 403-668-1272✉ justin@happyhousehunting.cawww.happyhousehunting.ca 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 Newcomers are among most prepared for buying a first home – Calgary HeraldFirst-time buyers on the edge of being priced out of Calgary's... – Calgary HeraldHome prices continue to climb in communities near Calgary – Calgary HeraldMay sales cool as supply increases in Calgary’s resale market – Calgary Herald 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 JunglesThis 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. This email was sent by: Justin Newman - eXp Realty, 700 - 1816 Crowchild Trail NW , Calgary, AB, T2M3Y7 If you don’t want to receive emails anymore, you can unsubscribe Email Newsletter for Real Estate Professionals Designed by RealInfoBOX.com
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