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        <title>Real Estate Blog</title>
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<item>
    <guid>https://www.jcre.ca/blog/calgary-real-estate-market-review-2025--2026-forecast-why-2026-could-be-a-great-year-to-buy/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-market-review-2025--2026-forecast-why-2026-could-be-a-great-year-to-buy/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate Market Review 2025 &amp; 2026 Forecast: Why 2026 Could Be a Great Year to Buy</title>
    <description> <![CDATA[ 
Calgary Real Estate Market Review 2025 &amp; 2026 Forecast


Happy New Year Wishing you a prosperous and successful 2026


This year marks my 35th year in real estate, and I am deeply grateful to the thousands of clients who have trusted me over the decades. With my experience, I am committed to helping you navigate Calgary’s real estate market. If you have questions about buying or selling in Calgary, don’t hesitate to reach out.


 Watch my full Calgary Real Estate Market 2025 Review &amp; 2026 Forecast video below:







 Today, we’ll review the Calgary real estate market in 2025 and share insights and predictions for 2026.



Calgary Real Estate Market 2025: Single-Family Homes


Calgary experienced a strong housing market from 2021 through 2024, with single-family home prices peaking at $765,500 in June and July 2024.


In 2025, the market started strong, holding benchmark prices around $767,000 in the first two quarters. By December 2025, prices fell to $726,900, a 5.22 decrease in seven months.


The main factor behind this correction was oversupply. During the summer and fall, there were 3,000–3,200 single-family home listings, representing about three months of supply. This excess inventory contributed to downward price pressure.



Calgary Condo Market 2025


The Calgary condo market also saw significant changes. Condo prices peaked at $341,300 in July and August 2024. In March 2025, the benchmark price was $331,000, declining to $303,600 by December, an 8.28 drop.


Oversupply was again a key factor, with 4–5 months of condo inventory during summer and fall. Many condo owners were forced to reduce prices to attract buyers, as competition offers became rare.



Calgary Townhouse Market 2025


Townhouses saw similar trends. Prices peaked at $462,100 in July 2024, with the 2025 peak at $454,800 in April. By December, townhouse prices fell to $421,300, a 7.4 decrease.


Overall, 2025 was a correction year after four years of steady price growth. High listing supply and slower demand meant that homes stayed on the market longer, and sellers had to adjust pricing strategies.



Key Factors Affecting Calgary Real Estate


Several factors influenced Calgary’s real estate market in 2025:






Lower migration and corporate relocations: Companies like Imperial Oil reduced relocation to Calgary, affecting demand.






Increased housing supply: Blanket rezoning and legal suites increased available housing in many communities.






Future infrastructure projects: Pipeline construction and economic growth could attract more buyers to Calgary in the coming years.







Calgary Real Estate Market Forecast 2026


Looking ahead, the Calgary housing market in 2026 is expected to experience continued price corrections, but at a steady pace.


Early 2026 trends indicate that buyers remain active, but negotiations are tougher, and homes may take longer to sell. Sellers should expect longer listing periods and be prepared for more negotiations.


Whether you’re looking to buy a home in Calgary, invest in condos, or sell your property, understanding the 2026 market trends will help you make informed decisions.



Planning to Buy or Sell in 2026?


If you’re considering buying or selling property in Calgary this year, I’m here to help. With over 35 years of experience, I provide expert guidance to ensure you achieve the best results in any market condition.


Contact me today via phone or email to discuss your real estate goals. As always, I am here to listen, care, and assist you every step of the way.
 ]]> </description>
    <pubDate>Wed, 14 Jan 2026 11:02:00 -0700</pubDate>
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    <guid>https://www.jcre.ca/blog/calgary-real-estate-market-update---q3-2025/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-market-update---q3-2025/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate Market Update - Q3 2025 - We are in Buyer's market?</title>
    <description> <![CDATA[ 
Calgary Real Estate Market Update - Q3 2025 - We are in Buyer's Market?







By Jessica Chan | October 2025


The Calgary housing market is showing signs of cooling in the third quarter of 2025, following three consecutive years of strong growth. After rapid price increases and competitive offers since 2021, the market is starting to stabilize, with rising inventory and slower sales activity across all housing types.




Detached Homes: Slight Price Correction


The benchmark price for detached homes in Calgary rose from $537,000 in September 2021 to $757,000 in September 2024, a $220,000 increase in three years. As of September 2025, the benchmark price has adjusted slightly to $749,900, marking a 0.94 decrease compared to the same period last year.






 


Apartments and Townhouses See Larger Drops


The apartment condo market has softened more noticeably. Prices climbed from $253,200 in September 2021 to $345,000 in 2024, but have since dropped to $322,000, a 6.6 decrease.





Similarly, row townhouses peaked at $459,200 in 2024, up from $299,600 in 2021, and are now at $437,100, representing a 4.8 decline.






 


Inventory Surges Across Calgary


The market shift became evident in June 2025, when housing inventory rose sharply:






Over 3,000 detached homes for sale






More than 2,000 apartment units available






Nearly 1,200 townhouses on the market






This represents almost double the inventory from the previous year. Slower interprovincial migration from B.C. and Ontario has added to the supply-demand imbalance, leading to longer market times and frequent price reductions to attract buyers.



 


Sales Activity Trends


Sales activity slowed during July and August, with a slight pickup in September. Overall, the market remains moderate, and analysts expect a gradual adjustment, with benchmark prices potentially declining another 3 by the end of 2025.


Interest Rates and Economic Factors


Interest rates have eased from 5 in January 2024 to 2.5 by September 2025, slightly improving buyers’ borrowing power. However, economic developments could weigh on the market. For example, Imperial Oil announced 900 job cuts, with many Calgary positions being relocated or phased out by 2028.



 


Forecast: Market Adjustment Ahead


With higher inventory levels and economic uncertainties, Calgary’s housing market is likely to continue adjusting over the next six months. Prices could return to 2023 levels, approximately:






$700,000 for detached homes






$312,000 for apartments






$419,500 for townhouses








Conclusion


After several years of rapid appreciation, the Calgary real estate market is entering a more balanced phase. Buyers may find new opportunities, while sellers need to strategize pricing carefully.


For those considering buying or selling in Calgary, professional guidance is essential to navigate this evolving market. Contact us today to discuss your real estate plans or get the latest market insights.



If you have questions about your property or your plans, I’d be happy to chat and offer guidance.


Contact me anytime to schedule a consultation.And don’t forget to like, share, and subscribe to my YouTube channel for regular updates



Jessica ChanOver 30 Years of Excellence in Calgary Real Estatehttps://www.jcre.ca/403-241-9800 | jessica@jessicachan.ca
 ]]> </description>
    <pubDate>Thu, 09 Oct 2025 14:20:00 -0600</pubDate>
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<item>
    <guid>https://www.jcre.ca/blog/calgary-real-estate-market-update---q2-2025/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-market-update---q2-2025/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate Market Update - Q2 2025</title>
    <description> <![CDATA[ 
Calgary Real Estate Market Update - Q2 2025







 


By Jessica Chan | July 2025


As we enter the second half of 2025, many buyers and sellers are asking: Where is Calgary’s housing market heading? After a relatively stable first quarter, the second quarter brought more noticeable signs of a slowdown across all property types.


In this Calgary real estate market update for Q2 2025, I’ll break down what’s happening with detached homes, townhouses, and condos—and what it could mean for you in the months ahead.



 


Economic Uncertainty Shaping the Market


The start of 2025 was marked by uncertainty—federal elections in Canada, global instability including conflict in the Middle East, and ongoing speculation around interest rates and the possibility of a Canadian recession.


While these factors didn’t significantly impact Q1, we’ve seen more visible effects in Q2, including declining real estate prices and increased inventory levels across the board.



Detached Homes (Single-Family)


The benchmark price for detached homes in Calgary is now $764,300, showing:






A 0.4 decrease from the same period last year






A 0.7 drop compared to Q1 2025






In June alone, there were 1,194 sales, but inventory rose to 3,107 active listings, which translates to 2.6 months of supply.


➡️ We’re expecting more price pressure this summer, particularly in newer communities with more active listings. However, popular neighbourhoods remain relatively stable.



Apartments (Condos)


Condos are currently facing the most downward pressure in the Calgary housing market.






Benchmark price: $333,500






Down 3.2 year-over-year






Down 0.77 from Q1






Inventory: 4.96 months of supply






➡️ With slower sales and rising inventory, the condo market is likely to see further price declines in the coming months.



Townhouses


Townhomes show similar trends to condos:






Benchmark price: $450,300






Down 3.1 year-over-year






Down 0.8 from Q1






Inventory: 3.3 months of supply






➡️ Sellers may need to adjust pricing to attract buyers, especially with more inventory on the market.



 


What to Expect in the Months Ahead


Looking into the second half of 2025, we anticipate a slower summer market, with the potential for a small rebound in the fall.






Detached homes: Pricing should remain mostly stable, with some areas potentially facing up to a 3 drop—particularly in newer neighbourhoods with higher inventory.






Apartments and townhouses: May face further declines of 5 or more, as inventory continues to outpace buyer demand.







Final Thoughts


While the Calgary real estate market is shifting, opportunities still exist—whether you're buying, selling, or investing. Strategic timing and a strong understanding of local trends are more important than ever.


If you have questions about your property or your plans, I’d be happy to chat and offer guidance.


Contact me anytime to schedule a consultation.And don’t forget to like, share, and subscribe to my YouTube channel for regular updates



Jessica ChanOver 30 Years of Excellence in Calgary Real Estatehttps://www.jcre.ca/403-241-9800 | jessica@jessicachan.ca
 ]]> </description>
    <pubDate>Mon, 21 Jul 2025 14:09:00 -0600</pubDate>
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<item>
    <guid>https://www.jcre.ca/blog/calgary-real-estate-in-2025-1st-quarter-market-review/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-in-2025-1st-quarter-market-review/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate in 2025: 1st Quarter Market Review</title>
    <description> <![CDATA[ 
Calgary Real Estate in 2025: 1st Quarter Market Review







We’ve been experiencing a changing market since the start of the New Year. We noticed that certain properties are still selling quickly and even going into multiple offer situations, while some listings have been sitting on the market for months with little activity.


Q1 2025 Real Estate Stats – Calgary at a Glance


Based on the first quarter statistics, single-family homes continue to see a rise in benchmark prices. In December 2024, the benchmark price was $747,500, and by March 2025, it had increased to $769,800—that’s a 3 increase in just three months, and a 4 increase compared to March last year. However, when we look at sales volume, only 2,472 detached homes sold in the past three months. That’s 361 homes fewer than the same period last year.





 





For apartment-style condos, the benchmark price is still holding steady at $336,100, but the sales volume has dropped significantly—from 1,939 units last year to 1,382 units this year, a difference of 556 units. Due to the higher inventory levels, the apartment market is now under pressure. We currently have over 3 months of supply, which may result in pricing adjustments in the coming months.



What’s Affecting the Calgary Housing Market?


With ongoing economic and political uncertainty, many are wondering how the elected government will help Canadians deal with rising tariffs and a possible economic downturn. These are real concerns on many people’s minds right now.


Yes, real estate prices are closely tied to confidence in the economy. As I mentioned in my January market forecast, we are likely to see a more balanced market heading into spring and summer, especially as more listings become available. There will likely be downward pressure on prices, particularly for condos, where supply is already high.



Mortgage Renewals Could Shift the Market


The current prime lending rate sits at 4.95, though some banks are offering 5-year fixed mortgages at 3.99. For homeowners who locked in low rates like 1.99 in 2020, the upcoming renewal could bring significant changes. Some may not be able to afford the new payments and will be forced to sell. Others may choose to sell now and take advantage of the market gains they’ve seen over the past few years.


Curious About Your Home's Value or Ready to Buy Your First Home?


Whether you’re planning to sell, buy, or just want to understand where the market is heading, feel free to call or email me anytime.


Let’s talk about how you can make the most of this shifting Calgary real estate market.

 ]]> </description>
    <pubDate>Tue, 08 Apr 2025 10:15:00 -0600</pubDate>
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    <guid>https://www.jcre.ca/blog/calgary-real-estate-market-forecast-what-to-expect-in-2025/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-market-forecast-what-to-expect-in-2025/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate Market Forecast: What to Expect in 2025</title>
    <description> <![CDATA[ 

Calgary Real Estate Market Forecast: What to Expect in 2025




Happy New Year As we step into 2025, Canadians face a challenging economic landscape filled with uncertainties. The first week of the new year brought major political and economic shifts:




Prime Minister Justin Trudeau has resigned, and Parliament has been prorogued until March 24, 2025.


In two weeks, Donald Trump will return as President of the United States, threatening a 25 tariff on Canadian imports.




These developments could have a massive impact on the economy, affecting industries and consumer behavior across Canada, including the housing market.



Calgary Real Estate Trends: A 5-Year Look Back


2015-2019: Pre-COVID Decline




Low oil and gas prices led to widespread layoffs, putting significant pressure on the housing market.


Benchmark price at the end of 2015: $520,000


By the end of 2019, the benchmark price dropped to $477,200.










 2020-2024: Pandemic Recovery and Growth




December 2020 Benchmark Price: $490,500


Calgary's real estate market surged during COVID, driven by strong demand and limited supply:



2021: 15 increase to $564,300


2022: 9.8 increase to $619,600


2023: 12.5 increase to $697,300


2024: 7.2 increase to $747,500











Cumulative Growth (2020-2024): A staggering 52.4 increase in benchmark prices.






Why Calgary's Housing Market Thrived Amid Rising Interest Rates


Even with interest rates climbing from 3.7 in mid-2022 to 7.2 in October 2023, Calgary's housing market remained resilient. Key factors include:




Shortage of housing supply in the market.


An influx of people relocating to Calgary, including immigrants from Asia, India, and the Middle East, as well as Canadians from provinces like B.C. and Ontario seeking affordability.









Predictions for Calgary's 2025 Housing Market


1. Balanced Market Expected


Current inventory is around 2 months of supply, and by March-April 2025, it could rise to 2.5 months of supply, creating a balanced market.


2. Immigration Policy Changes


The Federal Government has reduced immigration targets by 20:




2025: 395,000 new immigrants (previously 500,000)


2026: 380,000 new immigrants




Reduced immigration may slightly ease housing demand.


3. Improved Affordability for First-Time Buyers


Lower interest rates (prime rate at 5.45) and 30-year amortization options will enable more first-time buyers to enter the market.


4. Economic Uncertainty May Impact Housing


Potential 25 tariff from the U.S. could affect industries like oil, gas, lumber, and steel, leading to job losses in some sectors. Economic challenges may force some homeowners to sell and downsize or move into rentals.





Market Outlook for 2025


Early 2025 may present challenges with economic instability, but the market is expected to stabilize by spring. Increased housing supply could put downward pressure on prices, with a possible 3-5 price adjustment by year-end.




Contact Me


If you're considering buying or selling a home this year, it's essential to stay informed about the latest trends. Feel free to reach out for expert advice tailored to your needs.


Email: jessica@jessicachan.ca


WhatsApp: 403-241-9800
 ]]> </description>
    <pubDate>Thu, 09 Jan 2025 13:41:00 -0700</pubDate>
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    <guid>https://www.jcre.ca/blog/calgary-real-estate-in-2024-market-trends-and-our-predictions/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-in-2024-market-trends-and-our-predictions/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>2024 Forecast in Calgary Real Estate: Market Trends and Our Predictions</title>
    <description> <![CDATA[ 
2024 Forecast in Calgary Real Estate: Market Trends and Our Predictions








Happy New Year Wish everyone has a Prosperous and Healthy 2024


Today I would like to review the Calgary Real Estate Market in the last 2 years and forecast 2024


Calgary's Real Estate market was strong in the last 2 years especially in 2023 when other cities in Canada were affected by the increase in the interest rates, house prices were dropping, and only Calgary kept on rising throughout the year.  






Total Residential Benchmark price was $516,200 in Dec 2022, and finished at the end of 2023 at $570,100, 10.4 increase.





If we look closer to different types of properties, their increases are much higher.


Single family home Benchmark price is now $697,400, 12.8 increase from one year ago. 








Semi-detached home Benchmark price is now $627,100, 12 increase from one year ago.








 Townhouse or Rowhouse style home Benchmark price is now $425,100, 20 increase from 2022. 








Apartment Benchmark price is now $321,400, 19.1 increase from 2022.








If we combine 2 years increase in Calgary Real Estate market price, the percentage is very substantial.


Single family home 19.6                                  Semi-detached home 21.2Townhouse style home 34.4                         Apartment 28.3









We will ask what caused this substantial increase?Supply and Demand?Low increase rates in 2022?But why the increase was even more in 2023 when the interest rates were much higher compared to 2 to 3 years ago?


Reasons for Calgary's strong market




Shortage of supplies


High demand for housing by new immigrants


More people migrating to Calgary from other provinces








Throughout 2023, the inventory level maintained less than 2 months' supply, and with the strong demand for housing, despite the high-interest rates, we still experienced a tight market supply and competition in the marketplace to drive the price higher.





Also, we noticed the demand for Townhouses and Apartments are much stronger this year because their prices are still affordable to many newcomers who may not be able to afford single-family homes.  


Overall, Calgary's real estate prices are still lower than other major cities, like Toronto and Vancouver, and attract many people to move here.  The ability to work from home, and certain types of job opportunities like transportation, IT, and consulting type of career, that make Calgary an attractive place to call home.


New Immigrants from Hong Kong, India, and Middle Eastern countries find Calgary an affordable city to start their new lives and also find Calgary a nice city with many outdoor activities for their children, such as hockey, skating, and skiing that they may not have experienced before.


Forecast for 2024


Calgary will maintain a strong and steady market, and with the interest rates slowly coming down, that will help many buyers who are ready to buy their first homes. 





With the policy not to allow foreigners to buy in Canada since Jan 2023, but relaxed in few months later to allow work visa people to buy.  We expect many people holding student visas who will start working this year, will be eligible to buy soon.  


This year, the Townhouses and Apartments will be in strong demand.  The downtown Apartments have been at a low price point for many years and will recover better this year. If you are an Investor, you may consider buying the downtown Apartments vs the newer areas when the downtown prices are still considered low.


Overall market price will be on a slow rise in the 1st quarter and will have a steady growth of 8 - 10 throughout the year.


In point form, here is the summary of my prediction for 2024.


Prediction for 2024 Calgary Real Estate Market




Maintain Strong and Steady Market


Market Price will slow rise in the 1st Quarter


Steady Growth of 8-10 throughout the year


Townhouses and Apartments will be in strong demand




I have been selling Real Estate in Calgary for 33 years, and I opened my brokerage Jessica Chan Real Estate &amp; Management (JCRE) at the end of 2022.  I’m proud to share with you that in our first year (2023), we sold over 225 transactions, and ranked as the Top 3 Selling team in Calgary. We have a lot of experience and knowledge to help your real estate needs. 


If you are thinking of buying and selling Real Estate, please contact us by leaving your comment below or call us directly at 403-241-9800.


Thank you
 ]]> </description>
    <pubDate>Tue, 16 Jan 2024 15:52:00 -0700</pubDate>
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    <guid>https://www.jcre.ca/blog/calgary-real-estate-in-2023-3rd-quarter-market-review/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-in-2023-3rd-quarter-market-review/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate in 2023: 3rd Quarter Market Review</title>
    <description> <![CDATA[ 
Calgary Real Estate in 2023: 3rd Quarter Market Review


Is Calgary still seller's market? With such a high interest rate, is it still good time for you to invest? Winter is around the corner. Are we expecting the market to slow down? Let's find out in the video.







We finished the third quarter with a record high in sales. In September, 2441 total sales. 548 sales more than last September. Total new listings in September also improved, 21.6 more than last year, but still not enough to take us out of the sellers market condition.


We're still short of inventory. Single detached home benchmark price is at $696,100 very much the same as August, but it is 11.1 higher compared to last September, a slight increase from second quarter of this year. By 1.6 Apartment and Townhouse prices have increased substantially from the year before 14.9 and 17.2  respectively. Like I mentioned in the second quarter video, single family home prices started to level in the last three months. And it will remain steady in the coming months.


For Apartment and Townhouse prices are still on the increasing trend. Prices are up by 3.16 for Apartment and 4.85 for Townhouse since June. In comparison with other big cities like Toronto and Vancouver. Calgary and Edmonton are the only cities in Canada with an increasing trend this year for apartments. With a pause on the interest rate hikes and the positive migration of people to Calgary, I believe the Calgary real estate market remains steady and strong for this quarter. And we'll finish this year with a good, positive annual increase of 12 percent for single family homes and 15 to 20 percent for apartments and townhouses. Calgary is attracting many investors, either locally or from other provinces, to invest here.


With a low tax rate and lots of good job opportunities in Calgary, young professionals and new immigrants are finding Calgary a good place to call home.


If you have any questions about Calgary real estate, Call us at 403-241-9800 or email me at jessica@jessicachan.ca


Stay tuned

 ]]> </description>
    <pubDate>Fri, 13 Oct 2023 16:09:00 -0600</pubDate>
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<item>
    <guid>https://www.jcre.ca/blog/calgary-real-estate-in-2023-2nd-quarter-market-review/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-in-2023-2nd-quarter-market-review/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate in 2023: 2nd Quarter Market Review</title>
    <description> <![CDATA[ 
Calgary Real Estate in 2023: 2nd Quarter Market Review


 The Calgary Real Estate market is so hot right now. Is this still a good time to buy? The interest rate is high. Do you think the market is coming down?







 Today I'm here to talk about the second quarter of the Calgary real estate market. Continue with the rising trend in the first quarter.





 


The second quarter is also doing really good in the Calgary market. For Single-Family Home, right now the benchmark price is $685,100.





 


Almost 11 increase from the end of December. For Apartment, the price has increased by 12.38





 


and Townhouses has gone up almost 13 compared to the year end of 2022.





So this increase causing based on the single family home being so high in price many buyers turn to buy Townhouses instead of Single-Family Home. Right now, the benchmark price for Townhouses is $400,000.





 


For Single-family Home and Townhouses, right now the benchmark price is the highest ever. So if you're a home seller or investor that you're holding some properties, this will be the best time to sell to capture the highest selling point. For the Apartment pricing, right now the benchmark price is over $303,000.





 


Calgary condominium pricing has been like a roller coaster. But some of the homeowners, if they're selling this year, they might be still losing money. Because they bought it at the peak market in 2007. So back in 2007, the benchmark pricing for apartment is over $320,000





 


and then bottom out in 2020 at the value of $240,000.





 


And right now we recover back to over $300,000.








So if you are condominium homeowners, if you're planning to sell, this might be a good time.


We noticed the townhouse price has gone up substantially.


 


In the beginning of 2022, the benchmark price for townhouse was only $318,000. Today, it is $400,000.





 


The main reason many first time home buyers could not afford the single-family home anymore when the benchmark price has gone up so much. Therefore, they turn to townhouse living. 


In this third quarter, our forecast, the market is going to level off which is very common that many people go on holiday in the summertime. And also many people already bought, they are moving during the summer. So the inventory is increasing. So we're expecting a more balanced market. But I do not expect the market is going to drop. It might be level off till the Fall market.


In the last six months, despite of the high interest rate, the market is still going higher and higher. Mainly because of the influx of people coming to Calgary. We do have many people coming from Toronto, BC or New Immigrants from Asia, from India.


 





So they need to find their home in Calgary. Also, the rental market is really short of inventory. Therefore, many investors come out to find their investment property.


 


If you have any questions about Calgary real estate, Call us at 403-241-9800 or email me at jessica@jessicachan.ca


Stay tuned 


 

 ]]> </description>
    <pubDate>Tue, 11 Jul 2023 14:44:00 -0600</pubDate>
</item>
<item>
    <guid>https://www.jcre.ca/blog/calgary-real-estate-in-2023-1st-quarter-market-review/</guid>
    <link>https://www.jcre.ca/blog/calgary-real-estate-in-2023-1st-quarter-market-review/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>Calgary Real Estate in 2023: 1st Quarter Market Review</title>
    <description> <![CDATA[ 



Calgary Real Estate in 2023: 1st Quarter Market Review


Are we at Buyer or Seller Market?  What caused the market to be so active in the first quarter?Let's take a look at the 1st Quarter 2023 Market Review.









To everyone's surprise, the sales price for all single-family homes, townhouses, and apartments are up from the end of December benchmark prices.


The single-family home Benchmark price at the end of 2022 was $619,600. 





Due to the low inventory in Jan and February, the benchmark price has gone up to $649,800 in March, and it is higher than the peak market in May of 2022 ($648,500 at that time). Benchmark price has gone up 4.8 in 3 months' time.





For the Apartment, the Benchmark price has gone up 6.8 in the last 3 months and is at $293,500. This is the highest since the peak in 2015.





For Townhouses, the Benchmark price also has gone up 5.5 in the last 3 months, reaching at $378,100. This is the record high for Townhouses.





Both Townhouses and Apartments have recovered well in the last 12 months to reach this benchmark price that has declined since 2014/15.



What caused this uprising price when the interest rate is high at this time?


1. The influx of people moving to Calgary, from overseas, from other provinces because Calgary is very affordable for most people compared to B.C. and Ontario.


2. The high demand in the rental market attracts many investors to buy properties to invest.


3. The Government now amended the rule to allow people holding work visas to buy properties, which will increase the demand for housing too.


My forecast for the Spring and Summer market will be holding strong and the market will balance in June when more inventory is on the market.



If you have any questions about Calgary real estate, Call us at 403-241-9800 or email me at jessica@jessicachan.ca


 Stay tuned 
 ]]> </description>
    <pubDate>Wed, 05 Apr 2023 16:46:00 -0600</pubDate>
</item>
<item>
    <guid>https://www.jcre.ca/blog/october-2022-calgary-real-estate-market-review-and-forecast/</guid>
    <link>https://www.jcre.ca/blog/october-2022-calgary-real-estate-market-review-and-forecast/</link>
        <author>jessica@jessicachan.ca (Jessica Chan)</author>
        <title>October 2022 Calgary Real Estate Market Review and Forecast</title>
    <description> <![CDATA[ 

Jessica brings you the latest market updates on Calgary Real Estate What to expect for the rest of the 2022 Real Estate Market? Watch it and find out 







Thinking of buying or selling this year? Call me at 403-241-9800 or email me at jessica@jessicachan.ca
 ]]> </description>
    <pubDate>Mon, 14 Nov 2022 15:00:00 -0700</pubDate>
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