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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary Housing Prices Soar in 2024
House and condo prices in Calgary are expected to ↑ 8% in the new year. -Detached single-family prices ↑ 6% to ~$800K -Condo prices ↑…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Average Cost of a House in Calgary Is More Than Median Income
A recent report reveals that the avg cost of a house in Calgary is 43% higher than the avg household income. Data from MLS indicates…
You’ll need around $16,000 more than the average household income to qualify for a mortgage in Calgary
The income required to qualify for a mortgage in Calgary has increased significantly compared to last year. According to the Canadian Real Estate Association, an…
Slight fixed-rate drop a boost to Calgary homebuyers
Calgary's housing market remains strong, with home sales increasing by 17% compared to last year. Average prices are also rising rapidly, driven by a drop…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Construction Surge: Housing Solutions
Residential construction values in Calgary increased in Q3 2023, driven by multi-residential buildings and secondary suites.Calgary's housing strategy, "Home is Here," aims to address the…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Happy Holidays
The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Suite Success: Affordable Housing
Calgary experiences a significant increase in applications for secondary suites in both new and established communities. Demand for secondary suites is driven by homeowners seeking…
Federal government invests $30 million for rental housing in Calgary
The federal government has invested $30 million in the construction of new rental homes in Calgary. The funding resulted in the completion of a highrise…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Converting Offices to Homes: Calgary’s Success
Calgary's office transformations were spurred by a past oil and gas industry setback. Calgary's speedy office-to-home transformation takes just 12-18 months from permit to occupancy….
Calgary sees jump in income required to qualify for mortgage
Buyers in Edmonton required an income of $87,220 in October to qualify for a mortgage based on the average home price of $370,400. Calgary saw…
Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary Sees 17% Surage in Sales
Calgary saw a 17% increase in home sales in October, with 2,171 transactions. New listings also rose to 2,684 units, the highest for October since…
Calgary wants your feedback on short-term rentals in the city
The City of Calgary and the University of Calgary are collaborating on a project to evaluate the effects of short-term rentals on the community. An…