Calgary Real Estate Market Update

October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options during this period of high-interest rates.

New listings also improved this month compared to last year, reaching 2,684 units, reflecting the highest October levels reported since 2015. Despite the gain, relatively strong sales prevented any significant shift in inventory levels, which remain over 40 per cent lower than levels traditionally available in October.

“Despite some recent improvements in new listings, supply levels remain challenging in our market,” said CREB® Chief Economist Ann-Marie Lurie. It will take some time to see a shift toward more balanced conditions and ultimately more price stability.”

With a months of supply of one and a half months, we continue to experience upward pressure on home prices. The unadjusted benchmark price in October reached $571,600, a gain over last month and nearly 10 per cent higher than last October. Click below to learn more. 

Remembrance Day: November 10

CIR Monthly Contest

Community of the Week: Mahogany

Upcoming Events in Calgary

• Visit the field of crosses on Memorial Drive: Nov 1-11

• Calgary Flames Home Games: November 1, 7, 16, 18, 27, 30

• Dia de Muertos: November 5 Jack Singer Concert Hall

• Calgary European Film Festival: November 3-12

• Calgary National Bank Challenger Tennis Tournament: November 5-12

• Spruce Meadows International Christmas Market: Nov. 17-19, 24-26

• YYC Noodle festival: November 16-26

• Zoolights: November 17 - January 7

• Light Up Okotoks: November 17

Calling Small Businesses

I've recently launched a YouTube Channel dedicated to showcasing and promoting local small businesses in a fun and engaging way. Through brief and lighthearted interviews, we aim to highlight these businesses while also shedding light on the neighborhoods where they are situated.

Check out my first video with Kathy Mercier from Massage in Mahogany.

If you know anyone that could benefit or would be interested in being interviewed, please forward this email or send me a message!

Tips and Tricks for setting up your Holiday Decorations

Decorating the exterior of your home for the holidays can be a delightful experience that spreads joy and holiday spirit to your neighborhood. By following these tips and tricks, you'll create a welcoming and festive atmosphere that everyone will appreciate throughout the holiday season. So, embrace the holiday spirit, get creative, and have fun decorating your outdoor space!

1. Safety First: Before you start hanging lights and decorations, check your outdoor electrical outlets and ensure they're in good working order. Invest in weatherproof extension cords and outdoor timers to make your outdoor display safe and convenient. your outdoor decorations don't create tripping hazards or obstruct pathways. Maintain a safe and clear outdoor space for your family and guests. If using a ladder, use a spotter.

2. Before you begin decorating, decide on the overall theme or style you want for your outdoor holiday decor. Whether it's a classic, winter wonderland, or a fun and colourful display, having a clear theme will guide your choices and create a cohesive look.

3. Create your own outdoor ornaments using weather-resistant materials like shatterproof plastic or durable wood. Hang them from tree branches or along your porch for a personalized touch.

4. Your front door is the focal point of your outdoor decor. Adorn it with a festive wreath, a garland, or twinkle lights. Choose a vibrant colour or pattern that complements your overall theme.

5. Consider adding window decorations, such as window clings or LED candles, to create a warm and inviting look from both inside and outside your home.

Your recommendation is the greatest compliment!