Cyndi Collins
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Balanced conditions take pressure off prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®. “This, in part, is related to our market's situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”

The rise in inventory levels helped the market shift to balanced conditions with nearly three months of supply. However, conditions vary depending on price range and property type. Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions.

The additional supply has helped relieve the pressure on home prices following the steep gains reported over the past several years. Benchmark prices for each property type have remained relatively stable compared to last month. However, compared to last year, detached and semi-detached prices are over two per cent higher than last year's levels, while apartment and row-style home prices have remained relatively unchanged.

 

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Posted in Rural Rocky View County, Rural Rocky View County Real Estate
New property listed in Rural Rocky View County, Rural Rocky View County

I have listed a new property at 435 Rodeo RIDGE in Rural Rocky View County. See details here

Welcome to this immaculately maintained Custom-built Bungalow with Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city center and all within 10 minutes to Calgary Olympic Park and convenient shopping/amenities. Rich maple kitchen cabinets built on site with stately granite counters with eating bar and slate flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio. Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail! School bus pick up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge. Water and Sewar is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.

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Posted in Rural Rocky View County, Rural Rocky View County Real Estate
Open House. Open House on Sunday, May 4, 2025 2:00PM - 4:00PM

Please visit our Open House at 435 Rodeo RIDGE in Rural Rocky View County. See details here

Open House on Sunday, May 4, 2025 2:00PM - 4:00PM

Welcome to this immaculately maintained Custom-built Bungalow with Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city center and all within 10 minutes to Calgary Olympic Park and convenient shopping/amenities. Rich maple kitchen cabinets built on site with stately granite counters with eating bar and slate flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio. Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail! School bus pick up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge. Water and Sewar is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.

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Uncertainty is weighing on Calgary's housing market.

Uncertainty is weighing on Calgary's housing market. Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”

March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.

Improving supply has taken the pressure off home prices following the steep gains reported over the previous four years. In March, the unadjusted residential benchmark price reached $592,500, relatively stable compared to both last month and prices reported last March. Both detached and semi-detached prices remain consistent with peak prices and continue to rise, while apartment and row-style homes continue to report prices slightly lower than last year's peak.

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Posted in Patterson, Calgary Real Estate
Open House. Open House on Saturday, April 5, 2025 1:00PM - 3:00PM

Please visit our Open House at 2121 Patterson VIEW SW in Calgary. See details here

Open House on Saturday, April 5, 2025 1:00PM - 3:00PM

Bright corner unit with vaulted ceilings and two large North and West facing balconies! This home has tons of windows, spacious open floor plan, large primary bedroom with walk in closet and 3-piece ensuite and access to large balcony, 2nd bedroom or potential a den, 4-piece bathroom with jetted tub, foyer with coat closet, laundry room, oak kitchen with eating bar and walk in pantry, living room with cozy corner gas fireplace and large mantle, dining room with access to large balcony, secure underground parking stall and storage locker with shelving. An ideal opportunity for the new homeowners to choose their own style of flooring and paint colours. The complex is 55+ adult building with many of amenities, well-managed building, games community room and kitchenette hosting social events such as games and darts nights, community clubhouse overlooking pond with fountain feature, gardens, craft room for hobbies and wood working, car wash bay, welcoming foyer with seating, near walking paths and transit, close to shopping and West Springs conveniences.

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Posted in Patterson, Calgary Real Estate
New property listed in Patterson, Calgary

I have listed a new property at 2121 Patterson VIEW SW in Calgary. See details here

Bright corner unit with vaulted ceilings and two large North and West facing balconies! This home has tons of windows, spacious open floor plan, large primary bedroom with walk in closet and 3-piece ensuite and access to large balcony, 2nd bedroom or potential a den, 4-piece bathroom with jetted tub, foyer with coat closet, laundry room, oak kitchen with eating bar and walk in pantry, living room with cozy corner gas fireplace and large mantle, dining room with access to large balcony, secure underground parking stall and storage locker with shelving. An ideal opportunity for the new homeowners to choose their own style of flooring and paint colours. The complex is 55+ adult building with many of amenities, well-managed building, games community room and kitchenette hosting social events such as games and darts nights, community clubhouse overlooking pond with fountain feature, gardens, craft room for hobbies and wood working, car wash bay, welcoming foyer with seating, near walking paths and transit, close to shopping and West Springs conveniences.

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SOLD 🎉 463 Silverado Plains Circle SW in Calgary

Discover this beautifully maintained family home in the sought-after community of Silverado. Thoughtfully updated and move-in ready, this property offers a perfect blend of comfort and convenience. The open-concept main floor features a bright living room with a modern fireplace, a spacious dining area, and an upgraded kitchen with dark cabinetry, premium resurfaced countertops, a functional island, and tiled front and rear entrances. A half-bath completes the main level. Recent upgrades include a new furnace and hot water tank in 2021 , roof, siding, oven, fridge, and water purifier were replaced in 2022 ensuring the home is well-prepared for years to come. Upstairs, you’ll find three sunlit bedrooms, including the master suite The fully fenced backyard offers a newly added detached two-car garage and a large deck, perfect for entertaining. The front yard is ideal for gardening enthusiasts. The basement is fully finished, complete with laminate flooring and a full bathroom, adding valuable extra living space. Conveniently located within walking distance to schools, parks, trails, and public transit, and just minutes from shopping, dining, and quick access to the ring road, this home offers everything your family needs.

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