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15Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Million-Dollar Properties in Calgary

$1M in Calgary buys 3.1 bedrooms, 2.8 bathrooms, and 2,179 sq. ft. At $2M, homes typically feature 3.2 bedrooms, 3.4 bathrooms, over 3,176 sq. ft.

13Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Canada to Allow 30-Year Mortgages for First-Time Homebuyers

Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects…

11Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Semi-Detached Homes Gained Popularity in Early-Q1

Calgary buyers are increasingly considering semi-detached homes due to rising prices of detached homes. In Early-Q1, the benchmark price for a single-family detached home was…

8Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary Homebuyers Required Lower Income in Early-Q1

Early-Q1 2024 avg home price: $557,500 – Stress test rate: 7.71% – Mortgage rate: 5.71%

6Apr
  • By: Jerry Moras
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Calgary housing market more competitive due to increased migration, low inventory

Calgary's resale housing market is expected to be busy in the upcoming spring and summer, with low inventory and high demand driving prices up. Sellers…

4Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Can Edmonton and Calgary Pass Single-Use Item Bylaws?

Alberta Premier tasks Municipal Affairs minister to investigate municipal jurisdiction over single-use item bylaws in Edmonton and Calgary. Calgary recently passed a bylaw mandating businesses…

3Apr
  • By: Jerry Moras
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Calgary property tax increase higher than expected

Calgarians will face a higher property tax rate than expected, with residential properties seeing an 8.6% increase and non-residential properties a 3.1% increase. The provincial…

1Apr
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Real Estate Market Saw Strong Sales in Early Q1

January marked a significant uptick in Calgary's housing market, with 1,650 homes sold, ↑ 37.7% yearly. The rise is attributed to increased listings, notably in…

31Mar
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Happy April Fool’s Day

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting…

31Mar
  • By: Jerry Moras
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New Listing: 56 Cornerstone Avenue NE

This is a prime opportunity for first-time home buyers and investors to explore a remarkable property in the beautiful community of Cornerstone. Property Highlights: Legal…

30Mar
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Happy Easter

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival…

28Mar
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary in 2024: Seller’s Advantage Continues

CREB forecasts nearly 28K residential sales, with continued seller's market conditions. Rental demand expected to stay high due to population growth, influencing housing market dynamics…

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