Calgary Real Estate Market Update

Supply on the rise, but not across all price ranges

As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month.

The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.

“Housing supply has been a challenge over the past several years due to the sudden rise in population,” said Ann-Marie Lurie, Chief Economist at CREB®. “Rising new home construction has bolstered supply in rental, new home and resales ownership markets. However, supply improvements vary significantly by location, price range, and property type.”

The months of supply have increased to over two months, representing a shift away from the extremely low levels seen earlier this year and in the past three Novembers, which reported under two months of supply. While these more balanced conditions are promising for potential buyers, many market segments still favour sellers.

Improved supply options have tempered the pace of price growth. Year-over-year gains range from nearly seven per cent for row homes to nine per cent for apartment-style units. The total residential benchmark price reached $587,900, reflecting a year-over-year increase of just under four per cent. This slower growth reflects a shift toward more affordable row and apartment-style units. Seasonally adjusted prices have remained stable over the past four months despite unadjusted prices trending down in line with seasonal patterns.

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Thank you for an amazing year!

As we close out another incredible year, I want to take a moment to express my heartfelt gratitude to all my friends, family, past clients, and future clients. Your trust, support, and referrals mean the world to me and fuel my passion for helping people find their perfect homes.

To my amazing clients, thank you for allowing me to be part of your real estate journey—it’s an honor to help you make your dreams a reality. To my friends and family, thank you for cheering me on every step of the way. And to those I have yet to meet, I can’t wait to work with you and help you navigate the exciting world of real estate.

Here’s to a new year filled with new opportunities, happy memories, and beautiful homes. Cheers to all of you for making what I do so meaningful. 🏡❤️

Special Holidays - December

Upcoming Events in Calgary

There is always PLENTY to do in Calgary each month. Below is a short list of the many cool things to see and do:

• Plaza Palooza Olympic Plaza’s Final Bash: Dec. 1, 6-8, 13-15, 20-22

• Calgary Hitmen Home Games: December 1, 13, 15, 18, 29

• Calgary Flames Home Games: December 3, 5, 12, 14, 17, 19, 21, 31

• Granary Road’s Christmas Market: December 1, 7, 8, 14, 15

• Once Upon A Christmas Heritage Park: December 7, 8, 14, 15, 21, 22

• Calgary Philharmonic Orchestra: A Choral Christmas: December 6

• Market Collective Holiday Markets: December 6-8, 13-15

• A Drag Queen Christmas by Murray & Peter: December 16

• A Charlie Brown’s Christmas: December 18

• Jann Arden Christmas Tour: December 19-20

• The Polar Express™ at Aspen Crossing: Until December 24

• Theatre Calgary “A Christmas Carol”: Until December 29

• Light Up The Square: December 7

• Alberta Ballet's The Nutcracker: December 13–24

YouTube Videos

Every month I have conversations with a variety of local business owners, industry experts or general real estate educational topics. Below are the latest and greatest of the previous month.

Article of the Month

Real Estate: The Ultimate Gift for Yourself and Your Family

When we think about gifts, we often imagine something wrapped in shiny paper, tied with a bow, or perhaps a memorable experience like a vacation. But have you ever considered real estate as a gift? Unlike fleeting presents, real estate is a timeless investment that grows in value, provides stability, and creates lasting memories for you and your loved ones. Here's why giving the gift of property is one of the most thoughtful and impactful decisions you can make.

A Gift That Keeps on Giving

Unlike most purchases, real estate appreciates over time. Whether it’s a family home, a vacation property, or an investment piece, its value typically increases, offering financial security. This isn’t just a gift for today—it’s one that will benefit generations to come.

For your family, a home is more than a place to live; it’s a foundation where cherished memories are made. From celebrating holidays to watching your children grow, a home is the backdrop to life’s most meaningful moments.

Stability and Security

Owning property provides a sense of stability that renting simply cannot match. When you purchase a home, you’re giving yourself and your family the assurance of a permanent place to live. It’s a long-term commitment that creates a sense of belonging, strengthens community ties, and fosters peace of mind.

A Smart Financial Decision

Real estate is widely recognized as one of the safest and most reliable investments. With each mortgage payment, you build equity—essentially paying yourself rather than a landlord. Whether you choose to live in the property or rent it out for passive income, real estate offers unparalleled financial benefits.

Additionally, properties can serve as a safety net during uncertain times. Need to fund college tuition, start a business, or cover unexpected expenses? The equity in your home can serve as a valuable resource.

A Legacy for the Future

Gifting real estate isn’t just about the here and now; it’s about leaving a legacy. Passing down property to your children or grandchildren ensures they have a solid financial foundation. It’s a way to provide for their futures while teaching them the value of investing wisely.

The Perfect Gift for Any Stage of Life

• First-Time Homebuyers: Treat yourself to the pride of homeownership. There’s nothing quite like having a place to truly call your own.

• Growing Families: Upgrade to a larger space to accommodate your needs, giving your family room to grow and thrive.

• Empty Nesters: Downsize to simplify life, or consider investing in a vacation home where you can create new memories with your grandchildren.

• Investors: Diversify your portfolio with rental properties or commercial spaces, setting yourself up for financial freedom.

Conclusion

This year, think beyond the usual gifts and consider real estate as a way to invest in your future and the well-being of your family. Whether it’s your first home, a dream property, or an addition to your investment portfolio, real estate is a gift that grows with you, providing both emotional and financial rewards.

Ready to explore your options? Let’s make this the year you give yourself or your loved ones the ultimate gift—a home. Contact me today to start your journey!

Some Christmas Recipes

Your recommendation is the greatest compliment!