Calgary Real Estate Market Update

Uncertainty weighing on 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.

For a community specific statistical report, please connect with me.

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Special Holidays - April

Upcoming Events in Calgary - April

• Spark After Dark: Foodology: April 11

• PetFest at Spruce Meadows: April 11-13

• Aggie Days: April 12-13

• Calgary Underground Film Festival: April 17-27

• FunnyFest Comedy Competition: April 17-26

• Western Canadian Reptile & Plant Expo: April 19-20

• Nelly with Ja Rule & Special Guests: April 22

• Calgary Comic Expo: April 24-27

• Discovery Days at Bow Habitat Station: April 25

• Shen Yun: April 15-17

Youtube Videos

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In this episode, Jodi shares:

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Whether you're just starting your fitness journey or looking for a new way to stay strong without leaving home, this conversation will give you the inspiration and tools to take the next step!

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Article of the Month

🌱 Spring into Curb Appeal: How to Prepare Your Yard for Spring in Calgary

As the snow melts and longer days return, Calgary starts to bloom with the promise of spring. Whether you're preparing your home for the market or simply eager to refresh your outdoor space, now is the perfect time to get your yard in shape. Especially if you’re planning to list your home this spring, a well-kept yard can significantly boost curb appeal and leave a lasting impression on potential buyers.

Here are some top tips to prepare your yard for spring, and make it stand out in the Calgary market:

🌿 1. Start with a Clean Slate Winter can leave behind debris, dead foliage, and a layer of grime. Begin by:

• Raking up leaves, twigs, and dead grass.

• Pruning dead branches from trees and shrubs.

• Cleaning walkways, decks, and patios with a power wash.

A tidy, refreshed yard sets the tone for a well-maintained home.

🌸 2. Revive Your Lawn In Calgary's dry climate, lawns often need a little love after winter.

• Aerate your lawn to improve water and nutrient absorption.

• Apply a slow-release fertilizer formulated for spring.

• Overseed bare or patchy areas.

• Water deeply and early in the morning to promote strong root growth.

Healthy green grass is one of the first things buyers notice!

🌼 3. Add a Pop of Colour Spring flowers create a welcoming, cheerful atmosphere. Consider planting:

• Pansies, violas, tulips, or daffodils—hardy choices for Calgary’s spring weather.

• Bright potted plants for your front steps or porch.

• Fresh mulch in garden beds to improve soil and make colours pop.

Even simple floral accents can help buyers emotionally connect with your home.

🪴 4. Define Outdoor Living Spaces Today’s buyers often imagine using the yard for relaxing and entertaining.

• Arrange clean, well-maintained patio furniture to showcase outdoor living potential.

• Add string lights or solar lights for cozy ambiance.

• Use outdoor rugs or planters to define zones (dining, lounging, play areas).

Staging the yard like you would a living room can go a long way.

🏡 5. Fix Up the First Impression Your front yard and entryway are key for curb appeal.

• Touch up paint on fences, railings, or trim.

• Replace worn-out house numbers or outdated lighting.

• Sweep and clean the front steps.

• Consider a new welcome mat and seasonal wreath for the door.

A home that looks polished on the outside tells buyers it's cared for inside, too.

🌞 Bonus Tip for Sellers: Think Like a Buyer Take a walk to the sidewalk and look at your home with fresh eyes. What would catch your attention? What might turn you off? Small improvements can have a big impact when it comes to attracting buyers.

Thinking of selling this spring? I’d be happy to offer a complimentary yard & curb appeal consult as part of your pre-listing preparation. Together, we’ll make sure your home shines inside and out!

Attend the party of the year

I am delighted to be on the DJD Black & white Ball committee to celebrate their 40th Anniversary in Calgary!

Mark your calendars for Saturday, June 7 at the Fairmont Palliser Hotel!

Early bird tickets for tables are now on sale to bring out your friends for an outstanding evening of entertainment, dance and support the excellent programs, classes and performances created by Decidedly Jazz Danceworks.

We are looking for sponsors, silent auctions items and private table sales. Connect with me for more details!

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