Calgary Real Estate Investor Hub

In September, home sales were 17% below last year's record but still 16% higher than the typical September level. New listings in September rose to 3,687 units, the highest September total since 2008. This rise in new listings compared to sales did support some inventory growth. September inventory levels went up to 5,064 units, nearly double the exceptionally low levels reported in the spring, but remain below the 6,000 units we typically see in September. Despite the inventory increase, the market remains slightly tilted in favor of sellers, with 2.5 months of supply, but getting closer to a balanced market. The benchmark price was $596,900, over 5% higher than last year, but 1% lower than last month's. For buyers this means you have now more choices, especially in the higher price points. That being said, good deals still go quick, and we still see bidding wars on rare or well priced properties. Be ready to pull the trigger, the market can shift quickly. Get pre-approved and ensure that your broker/lender has all of your most up to date documents. For sellers this means you have now more competition. Make sure your property looks better than the competition, consider smart improvements and staging. Plan for potentially more days on market and negotiations. Source: Calgary Real Estate Board (CREB)

Should you invest in Seton, Calgary? #calgaryrealestate #calgaryrei #realestate #yyc #hub #investor #investing

Take 2 🎬 Last month we were unable to have our typical presentation due to the venue not having a functioning projector. That has been rectified, and we are excited to present to you THIS month, "Should you invest in Calgary condos?" This is going to be a fun discussion and we look forward to seeing you all there! #calgaryrei #calgaryrealestate #yycrei #realestateinvesting

Alberta is diversifying it's economy at a relatively fast pace. Alberta had up to 47% of it's economy in energy and agriculture industry. As of 2021, that number is now down to 29% and shrinking. #AlbertaEconomy #EconomicDiversification #AlbertaBusiness #EconomicGrowth #BusinessDevelopment

Join us in Edmonton from September 21st and 22nd, as we represent Calgary at REICon, Edmonton’s Largest Real Estate Investing Conference. Get your tickets now as they are selling out fast at reiconference.ca Use our discount code CALREIHUB10 for a 10% discount! We look forward to seeing you there!

Join us this coming Wednesday, September 11th at 6:30PM as we host our monthly community meetup and social! This month's topic of discussion is going to be "Should you invest in Calgary condos?" We look forward to seeing you there! calgaryrealestatemeetup.ca

The Calgary housing market continues to move away from the extreme sellers' market we experienced in the spring. With sales slowing and supply increasing, the months of supply surpassed two months in August, a level not seen since late 2022. The rise in new home construction and an increase in new listings are beginning to bolster a better-supplied housing market, that being said it’s important to note that supply remains low, particularly for lower-priced properties and it will take more time for this segment of the market to return balance conditions. Inventory levels in August reached 4,487 units, a 37% increase from last August but still nearly 25% below the long-term average for the month. The supply increase was mainly driven by higher-priced properties, as the most affordable homes in each category continued to see supply shortages. In August, the residential benchmark price stood at $601,800. 6% higher than last year and slightly lower than the previous month (~1%). Year-to-date, the average benchmark price has risen by 9%.

Ready to dive into Alberta’s investment scene? 🏘️ Join Calvin Hexter, Anthony Therrien-Bernard, and Santhosh Nathan as they share insights and strategies in our upcoming webinar on September 7th. 🗓️ Stay tuned—this is one you won’t want to miss! 📈💼 Secure your spot now! Link in bio🔗 #InvestInAlberta #investor #investing #yeg #edmonton #calgary #yyc #alberta

Join us this Wednesday, August 14th at WorkNicer Railyard location as we host our monthly community meetup and social. This month's topic will be "How to find good deals in Calgary". We are excited for this topic as this is one of our top questions we get asked. See you there! calgaryrealestatemeetup.ca

Join us tomorrow from 12PM to 4PM as we show this stunning Yorkville home! Hope to see you there!