Michael's Corner: Calgary Real Estate Advice & Analysis

Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property

Introduction:In an effort to address the challenges faced by the Canadian housing market, the Canadian government has proposed a new act that seeks to regulate and restrict the purchase of residential property by non-Canadians. The act, known as the “Prohibition on Purchase of Residential Property b

Calgary Real Estate Market Update – April 2023

May 1, 2023Prices rise to a new record level.Home prices were under additional upward pressure in April as a result of the ongoing seller’s market. After four months of consistent increases, the overall unadjusted benchmark price increased to $550,800, a new monthly high for the city and about 2% hi

Calgary Real Estate Market Update – March 2023

April 1, 2023 Prices increase as conditions suit the sellerSales and new listings are now higher than they were at the start of the year. As a consequence, some anticipated monthly inventory level gains were supported by the difference between sales and new listings. The months of supply were just a

Calgary Real Estate Market Update – February 2023

March 1, 2023 Lowest February inventory since 2006Sales, new listings, and inventory levels all trended up compared to last month, in line with expected seasonal activity. With only a modest increase over the previous month, inventory levels were among the lowest for February since 2006 with 1,740 s