Calgary sees bump in home sales but inventory remains low

The Calgary Real Estate Board reported a 37.7% year-over-year increase in home sales in January, with a 15.4% rise in newly listed homes. The unadjusted residential benchmark price rose to $572,300, 10% higher than January 2023. Despite an increase in new listings, Calgary's low inventory situation persisted, with 2,150 units on the market, nearly 49% below the long-term average for the month.

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2024 Will See Rents Boom in Alberta

National rent growth for both purpose-built and condo apartments was 10.7% in 2023.
Calgary experienced the fastest rent growth at 14%, making it the fastest-growing among Canada's 6 largest markets

Happy Family Day

In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights.
Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town.
Take advantage of this wonderful time of year to reinforce your family bonds.
Wishing you wonderful and peaceful moments with your loved ones on this family day.

Happy Valentine’s Day

Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine
Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400.
By the middle of the 18th, it was common for friends and lovers of all social classes to exchange small tokens of affection or handwritten notes.
Many people celebrate their love for their partner by sending cards or letters, giving gifts or flowers and arranging meals.
May this Valentine’s Day get you some time to spend with your loved ones.
Wishing you loads of love and happiness on this day. Happy Valentine’s Day!

Calgary rent rose ‘astronomically’ over the past two years, and there’s no end in sight

Calgary's rental market continues to see rising costs due to record migration and a housing shortage. Rent in Calgary has increased by 22% over the past two years, with one-bedroom units averaging $1,708. The province of Alberta has also experienced significant rent growth. The Alberta NDP has proposed rent caps and vacancy control in response to the housing crunch, while the UCP opposes rent control.

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Happy Lunar New Year

恭喜發財. Wishing you prosperity.
Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good.
Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and doing some religious practices.
May the New Year bring many good things and rich blessings to you and all those you love!