Real Estate Blog

How Simplifying Your Home Can Lead to a Lifestyle Upgrade

Fri, 17 Jul 2026 20:40:35 GMT

For many homeowners, the word downsizing immediately evokes a sense of loss: a smaller home, fewer rooms, less space for family gatherings, and leaving behind the house where memories were made.

It's understandable that even the thought of downsizing can feel emotional. Though what if downsizing wasn't about giving something up? What if it were about creating space for something new?

As we move through different stages of life, our housing needs naturally evolve with us. The home that was once perfect for raising a family may eventually require more time, maintenance, and expense than it returns in value to our everyday lives.

The reality is that downsizing is rarely about square footage. More often than not, it's about simplifying life, reducing unnecessary responsibilities, and creating a home that better supports the next chapter, whatever that looks like.

In this month's blog, we explore a framework for evaluating whether simplifying your home could improve your lifestyle, financial flexibility, and overall quality of life without compromising what matters most.

Downsizing Is Really About Right-Sizing

The word "downsizing" carries a lot of stigma. Like "downgrading", it can imply a downward move or a situation that’s less desirable.

However, downsizing is not simply moving into a smaller home. It is the process of aligning your home with your current lifestyle, priorities, and long-term goals. The best downsizing decisions are driven by how you want to live over the next decade, not by how much space you own today.

Most homeowners don't wake up wanting a smaller house. They realize, over time, that what they're really looking for is a home that better reflects the way they live today rather than the way they lived twenty or thirty years ago.

Homes that offer:

Less maintenance
Lower monthly expenses
Fewer stairs
More time to travel
Greater flexibility
A home that's easier to care for
Living closer to family and the people they care about

When you downsize, your home simply becomes the vehicle that supports achieving those goals. In this lens, downsizing becomes much less about reducing square footage or "giving something up" and much more about improving the quality of everyday life.

The Hidden Cost of Keeping More Home Than You Need

One of the biggest misconceptions about downsizing is that staying in a larger home is somehow "free" or doesn’t come at a cost, simply because the mortgage is manageable or even paid off.

In reality, larger homes continue to demand significant investments of time, energy, and money long after the mortgage has become less of a concern.

Those costs can include:

Heating and cooling rooms that are rarely used
Ongoing maintenance and repairs
Landscaping and yard work
Higher insurance and utility costs
Cleaning and maintaining thousands of square feet that no longer serve your daily life

Perhaps even more valuable than the financial savings is the time these responsibilities consume. A Saturday spent maintaining a large property is a another day that can't be spent travelling, visiting grandchildren, enjoying hobbies, or simply relaxing.

As with any major decision, it's helpful to ask not only "What would moving cost?" but also, "What is my current home costing me every year in time, money, and energy?"

We suggest being practical about this exercise. Make a list of both the financial expenses and the time investments associated with maintaining your current home. You may be surprised by how many hours accumulate over the course of a year, hours that could be redirected toward the people, places, and experiences that matter most to you.

Lifestyle Is Often the Biggest Upgrade

Many homeowners assume downsizing means compromising their lifestyle. In reality, the opposite is often true. When done thoughtfully, downsizing can feel less like giving something up and more like upgrading the way you live.

That may mean:

A lock-and-leave property that makes travel easier
Single-level living or a building with an elevator that better supports aging in place
A walkable neighbourhood with nearby restaurants, cafés, and amenities
More time for family instead of home maintenance
Lower monthly carrying costs and greater financial flexibility

For many homeowners, simplifying their home doesn't reduce their lifestyle. It enhances it.

Imagine trading a large backyard that requires hours of upkeep every week for a low-maintenance condo where your weekends are spent enjoying coffee on a sunny balcony, walking to your favourite café, or taking spontaneous weekend trips without worrying about the property you've left behind.

Navigating The Emotional Side of Downsizing

Of course, homes are much more than financial assets. They're where birthdays were celebrated, children grew up, holidays were shared, and countless everyday moments became lifelong memories.

Leaving a family home can feel like closing an important chapter. Those emotions are completely normal. One perspective we often share with clients if the emotional side of downsizing feels like the biggest obstacle, it can also help to shift your focus from what you're leaving to what you're creating.

Years ago, you likely put a great deal of thought into finding the right home for raising your family. Your next move deserves that same level of excitement and intention. Only now, the priorities may be different. Instead of extra bedrooms and a large backyard, you might be looking for a home that's easier to entertain in, a lock-and-leave lifestyle that makes travel simple, or a community that's closer to family, friends, and the amenities you enjoy most.

It's also important to recognize that downsizing doesn't mean eliminating space for the people and activities you love. Many homeowners choose properties with well-appointed guest rooms, open-concept living areas, and modern kitchens that are better suited for entertaining than those in their previous homes.

In some cases, downsizing can actually enhance your ability to host friends and loved ones, particularly if your new home includes amenities such as a pool, fitness facilities, walking paths, or shared outdoor spaces that grandchildren and visiting family can enjoy. Rather than losing the ability to gather, you're often creating a space that people are even more excited to visit.

For many homeowners, that shift in perspective transforms downsizing from something they're losing into something they're gaining.

How Calgary's Current Market Supports Better Planning

If downsizing is the right decision, today's market offers more opportunities to approach it thoughtfully and with more choice than many homeowners experienced during the peak years.

Balanced market conditions have increased inventory across many segments, giving buyers more selection and reducing the urgency that defined Calgary's market between 2022 and 2024.

That additional flexibility allows homeowners to evaluate different communities, housing styles, and lifestyle options without feeling pressured to make immediate decisions. It also creates greater opportunities to coordinate the sale of your current home with the purchase of your next one.

Today's market doesn't necessarily make downsizing the right decision. What it does provide is more flexibility to explore your options thoughtfully rather than making them under pressure.

Is It Time to Simplify… ? Six Questions to ask yourself.

Every homeowner's situation is unique, but asking yourself a few simple questions can provide valuable clarity.

Here are six questions we often suggest clients take time to consider as they evaluate the decision to downsize:

Are you regularly using every room in your home?
Has maintaining your property become more work than enjoyment?
Would unlocking equity improve your retirement plans or future goals?
Are you choosing not to travel because your home requires too much attention?
Would living closer to family improve your quality of life?
Does your current home support the life you want over the next ten years?

Remember, there are no right or wrong answers. The objective isn't to convince yourself to move, but rather to determine whether your home still aligns with the lifestyle you're trying to create.

Final Thoughts: A Smaller Home Can Create a Bigger Life

The best downsizing decisions are rarely driven by square footage alone. They're driven by intentionality and a clear understanding of how you want to live in the years ahead.

For some homeowners, staying exactly where they are will remain the right decision. Others may choose to renovate, while many will discover that simplifying their home allows them to spend less time maintaining a property and more time enjoying the life they've worked hard to build.

Ultimately, downsizing isn't about having less. It's about creating more of what matters.

If you're beginning to think about your next chapter, we'd be happy to help you objectively evaluate your options. Whether the right decision is to stay, renovate, or move, our goal is to help you make that decision with clarity and confidence.

Reach out to our team today.

How to Assess Lifestyle, Financial, and Market Factors Before Making Your Next Move

Thu, 18 Jun 2026 02:38:43 GMT

Wondering whether to stay, renovate, or move? Learn how Calgary homeowners can evaluate the financial, lifestyle, and market factors that influence one of the biggest housing decisions they'll make.

How Calgary’s 2026 Inventory Expansion Is Changing Entry-Level Negotiation Power

Mon, 25 May 2026 16:52:50 GMT

If you’re a first-time homebuyer contemplating buying a home in Calgary right now, the market likely feels different from what it did even just a few years ago.

Between 2022 and 2024, rapid price growth, combined with bidding wars and limited inventory, pushed many entry-level buyers to the sidelines.

In 2026, however, conditions have shifted. Inventory has expanded, urgency has cooled, and negotiation dynamics have changed. Along with that, new government and builder incentives are helping reduce the initial burden of purchasing a new home.

That does not mean homes are suddenly inexpensive; rather, sellers’ leverage in past years has normalized as more options have become available, potentially giving first-time buyers more negotiation power.

In this month’s blog, we break down what that shift actually means and where first-time buyers may have more room to operate than they realize.

What Does a Balanced Market Mean for First-Time Buyers?

Simply put, a balanced market is one in which supply and demand are better aligned. Sellers no longer dictate terms unilaterally, so buyers are not forced into immediate, competitive decisions with other would-be buyers.

For first-time buyers, that translates into structural breathing room:

More listings within entry-level price bands
Fewer multiple-offer situations
Greater ability to include financing and inspection conditions
More time to evaluate neighbourhoods and property types

Generally speaking, balanced markets do not mean dramatic price corrections. But they do reduce pressure, which improves decision quality and increases negotiating power, giving first-time buyers more confidence and security in their choices.

How Inventory Expansion Is Reshaping the Entry-Level Landscape

For many potential first-time buyers who felt boxed out of the detached and semi-detached market segments, Calgary’s current supply dynamics are particularly relevant today.

During the peak of the market a few years ago, there were periods when fewer than 30 detached homes were available under $500,000. Today, there are approximately 145 homes in that price range.

To be clear, inventory growth does not guarantee falling prices. It reduces urgency and increases optionality. So, it’s not that home prices have “come down” substantially, but there are more choices in lower price ranges where there simply wasn’t selection before, and prices are stabilizing.

In other words, increased entry-level inventory creates access to more affordable homes that simply did not exist during tighter cycles.

Why New Construction Is Back in the Conversation

It’s essential to note that the recent inventory expansion is not being driven exclusively by resale activity.

Over the past two years, Calgary experienced one of the strongest construction cycles in recent history. According to CMHC housing starts data, in 2025 alone, the city recorded more than 26,000 housing starts. Many of those projects are now nearing completion and will move into active inventory in 2026.

Additionally, government incentives such as GST rebates on qualifying new builds, combined with builder incentives in a more competitive environment, are increasing the appeal of new construction. For some buyers, the decision is no longer between renting and resale. It is rent versus purchasing a brand-new home at a comparable monthly cost.

This combination of stabilized pricing, expanded resale inventory, and new supply coming online is creating opportunities for prepared buyers who were previously sidelined by limited options.

It is important to separate leverage and increased choice from ease and affordability. Even in a city like Calgary, where benchmark prices are lower than in Toronto or Vancouver, affordability remains a meaningful constraint.

Why Leverage and Choice Do Not Mean Affordability Is Easy

When considering a first-time home purchase, it is important to distinguish between leverage and increased choice, and between ease and affordability. Even in a city like Calgary, where benchmark prices are lower than in Toronto or Vancouver, affordability remains a meaningful constraint.

Interest rates, qualification stress tests, and down payment requirements demand disciplined planning. More inventory and negotiation power do not eliminate financial responsibility.

Before acting, first-time buyers should carefully evaluate:

Whether their monthly carrying costs remain comfortable after accounting for property taxes, insurance, utilities, and maintenance
How their mortgage payment performs under higher rate scenarios
Whether they will maintain adequate emergency reserves after closing
The true cash required beyond the down payment, including legal fees, inspections, and adjustments
If their minimum time horizon in the property is ideally four to five years or longer
The long-term resale prospects of the specific property type and neighbourhood

Property Segment Differences Matter More Than Ever

Calgary’s recent inventory expansion is not evenly distributed across all segments. Higher-density housing, particularly condos and some rowhome districts, has experienced more meaningful supply growth than detached and semi-detached homes.

This imbalance in supply has led to larger price corrections in certain condo segments than in detached and semi-detached homes. For many first-time buyers, lower price points and increased negotiation flexibility make condos feel like an accessible entry strategy. And for some buyers, they can be.

However, first-time buyers should approach these segments with a clear understanding of long-term performance patterns.

Historically, in Calgary, land-based properties such as detached and semi-detached homes have demonstrated stronger long-term resilience, while condo inventory has expanded more quickly during active construction cycles, thereby moderating price appreciation.

This does not mean condos are inappropriate by default. But it does mean buyers should avoid treating them as a guaranteed stepping stone to future detached home ownership, even in the long term.

First-time buyers considering a condo should enter with a longer time horizon, realistic appreciation expectations, and a clear understanding that short- or long-term gains have not historically been supported in higher-supply segments.

Final Thoughts: Structural Opportunity, Not Speculation

We should remember, Calgary’s 2026 market is not distressed; it’s normalizing.

For first-time buyers who felt boxed out during tighter cycles, increased inventory and reduced competition create structural breathing room. That breathing room allows for negotiation, due diligence, and strategic entry.

The opportunity is not about predicting price spikes or market bottoms. It is about recognizing when pressure eases enough to make rational decisions aligned with your long-term goals and financial position.

If you are considering your first purchase, we can walk through your numbers, preferred property types, and time horizon together.

The goal is not urgency. It is clarity.

A Realtor’s Guide to Making the Right Move in Calgary’s Market

Mon, 18 May 2026 13:16:07 GMT

Whether you’re upsizing, downsizing, or relocating, one of the most significant questions we help clients answer is: Should I buy my new home first, or sell my current home before shopping the market?

With over 25 years of combined experience navigating Calgary’s dynamic real estate landscape, we can confidently say that there’s no one-size-fits-all approach. Instead, the right decision comes down to each client’s financial position, timelines, needs, risk tolerance, and — most importantly — the current market conditions.

Let’s walk through the pros and cons of each strategy to help you determine which might be the best fit for your situation.

Buy First, Then Sell - When It Works

A buy-first strategy often makes sense in tight markets, where competition is high, inventory is low, and finding the right home takes time.

Benefits of buying first:

You only move once. Buying first allows you to avoid the disruption and cost of temporary housing between transactions.
You have time to find the right property. Without the pressure of an imminent possession date, you can focus on finding a home that truly meets your needs.
You can use the “Sale of Buyer’s Home” (SOBH) condition. This lets you make an offer that’s conditional on the sale of your current home, giving you valuable breathing room between buying and selling.

Despite the benefits of buy-first strategies, there are some drawbacks to consider:

Mortgage qualification is key. You'll need to be pre-approved for financing without a firm sale on your current home—something not every buyer can qualify for.
Budget uncertainty. Without knowing precisely what your current home will sell for, it’s harder to set a confident budget for your next purchase.
Potential for double mortgage payments. If your home doesn’t sell promptly, you may be juggling dual mortgage payments, adding stress and urgency to reduce your list price for a quicker sale.
SOBH condition offers can be less attractive to sellers. These are seen as riskier by sellers and typically include a 48- to 72-hour “escape clause,” allowing sellers to accept stronger backup offers. In competitive markets, this condition can reduce your negotiating power.

Sell first, Then buy - Playing it Safe

Selling your home first is typically the more conservative approach, especially in buyer-heavy markets where homes can take longer to sell and new listings are more abundant.

Benefits of selling first:

You know your exact budget. With a firm sale, you’ll know how much you can spend, helping you shop with confidence and clarity.
Stronger position. Offers without sale conditions are more attractive to sellers, giving you an edge in negotiations.
Reduced financial risk. No double mortgage payments, and less likelihood of buyer’s remorse from making a rushed decision under pressure.

As with buy-first strategies, sell-first approaches also come with drawbacks we like homebuyers to be aware of before choosing a strategy that’s right for them:

Timing pressures. Even if you ask for a longer possession (60–90 days is typical), when you sell your home, there’s still a risk you won’t find the right home in time.
Temporary housing may be needed. If the perfect home doesn’t appear within your time frame, you might need to bridge the gap with a short-term rental or Airbnb. It’s good to have a backup plan in place before you sell, along with an estimate of how much temporary housing will impact your overall budget.
You may feel rushed. The pressure of a deadline can lead buyers to compromise on essentials, such as location, home size, or features, sometimes resulting in regrets.

Our Advice: Let the Market Guide You

At TB Real Estate Team, our guiding philosophy is generally: Do the more complicated transaction first.
If current market conditions make it harder to find a home, consider buying first and preparing your existing property for a smooth sale.

If your inventory is high and you anticipate that your home may take longer to sell, then consider selling first. You’ll have more options and be in a stronger position when it comes time to buy.

Remember, there’s no “right” answer, only the right strategy for you, depending on your situation and circumstances.
If you’re unsure, we’re here to help. With decades of experience in both hot and balanced markets, we’ll walk you through your options, connect you with trusted mortgage advisors, and create a plan that protects your finances — and your peace of mind.

Reach out to start the conversation.

How to Make Your Calgary Home Stand Out in a Balanced Market

Mon, 18 May 2026 13:16:00 GMT

As the Calgary real estate market shifts toward more balanced conditions, where supply and demand are more even and prices remain relatively stable, it’s increasingly essential that sellers go the extra mile to stand out in the minds of potential buyers.

Fortunately, you don’t need to invest in major renovations to make your home more appealing. By focusing on strategic upgrades and smart presentation, you can maximize your home’s value and attract serious buyers.

Here are some strategies to help you get your home market-ready and make a lasting impression.

Maximize ROI with smart upgrades

Think of selling a home like selling a car.

You wouldn’t replace the engine or repaint the entire body before selling. Instead, you’d ensure it’s spotless and appears well-maintained by having it detailed and fixing minor deficiencies like a cracked windshield or burned-out headlight.

The same logic applies to your home: focus on cost-effective improvements that maximize value without over-investing in areas that may not provide a strong return.

Paint touch-ups

Paint is one of the most affordable yet impactful upgrades. If you have darker walls, consider transitioning to Alabaster paint colour from Sherwin Williams for a warm and welcoming feel or Snowbound for a cooler, modern tone.

Flooring Repairs or Replacement

If your floors are worn or outdated, refinishing hardwood is an excellent option. Interestingly, the cost of refinishing hardwood is often comparable to installing mid-grade luxury vinyl plank (LVP), which is a highly durable and stylish choice that’s popular with families and pet owners.

Kitchen Upgrades

The kitchen is a major selling point, and small changes can make a big difference. If painting isn’t feasible, consider swapping outdated hardware for neutral, modern options that can provide a quick refresh.

Lighting

Lighting is like the jewelry of your home and plays a crucial role in its ambiance. Swapping outdated fixtures for modern designs adds elegance without a significant investment. Affordable lighting fixtures from Amazon can give your home extra charm, and replacing outdated dome lights with LED disc lights is an easy upgrade that makes a big impact.

Create a showhome feel to attract buyers

Buyers want to envision living in their new home — not stepping into someone else’s old home. Creating a clean, neutral, and hotel-like environment, similar to what you might do if you were renting your home on AirBnb, helps potential buyers visualize their future in the space.

Deep clean

A thorough cleaning can dramatically improve your home's presentation. Clean interior appliances and cabinet interiors, dust lighting fixtures and all surfaces to create a fresh, inviting feel.

Declutter and pre-pack

Removing excess items helps buyers envision themselves in the space. Decluttering or pre-packing personal items enables you to prepare for your move and offers a clean slate for potential buyers to picture themselves in the home.

Neutral design and decor

Replace personalized photos with neutral artwork to appeal to a broader audience. Crisp bedding, white towels, and fresh linens create that welcoming, hotel-like feel.

Boost curb appeal for a memorable first impression

It’s easy to focus your attention on the inside of your home and forget buyers form their first impression the second they pull up to the driveway.

This is especially important in Calgary’s spring real estate market, when buyers see homes as the snow is melting and imagine how they’ll use or enjoy outdoor spaces in the summer.

Do a spring clean-up

A tidy yard makes a strong first impression. Raking leaves, trimming bushes, and freshening garden beds can make your home feel inviting before buyers even step inside.

Stage Outdoor Spaces

If you have outdoor seating or standout features, consider adding potted plants or fresh cushions to showcase your outdoor space’s potential. Also, ensure fences, railings, and exterior lights are clean and in good repair.

Final thoughts

As Calgary’s real estate market shifts to balanced conditions, sellers must focus on strategic improvements to attract buyers.

By investing in minor repairs, creating a clean and inviting atmosphere, and enhancing your home’s curb appeal, you can make your property stand out and secure the best possible sale price.

If you're preparing to sell, partnering with an experienced real estate professional can provide the guidance you need to navigate Calgary's evolving market with confidence.

Don’t hesitate to contact our team for advice and help getting started!

How Calgary School Choices May Impact Where You Choose to Live

Mon, 18 May 2026 13:15:47 GMT

Finding the right school for your children is one of the most important decisions you’ll make as a parent and can significantly influence where you choose to live.

As a family-friendly city recently ranked by the Economist Group as one of the world’s most desirable places to live based on high scores in health care, safety, and education, Calgary offers a variety of top-tier schools, including public, private, and charter institutions. Each option provides unique advantages depending on your family’s educational and real estate priorities.

Whether you’re moving to Calgary, relocating within the city, or looking to be closer to a specific school, this guide will help you navigate your options and make the best choice for your family.

Understanding Calgary’s School Options

Here in Calgary, we’re fortunate to benefit from multiple schooling options, which, though potentially overwhelming to newcomers or first-time school parents, provide valuable and diverse choices for families.

Public Schools

Calgary’s public school system is known for its strong academics and program variety. Public school eligibility is typically determined by catchment areas, which define geographical boundaries for enrolment.

While all public schools are managed by the Calgary Board of Education (CBE), it’s essential to note that differences exist between schools depending on the school’s administration and values, teachers, and parent and community involvement.

Additionally, parents may also apply for specialized public schools outside their designated catchment areas, including:

French/Spanish Immersion – Bilingual programs available from elementary school onward.
Alternative Programs – Focus areas such as arts, science, or Montessori-inspired learning.
International Baccalaureate (IB) & Advanced Placement (AP – Rigorous academic programs designed to prepare students for university.

Catholic Schools

Managed by the Calgary Catholic School District (CCSD), Catholic schools provide families the option to pursue a faith-based education with high academic standards. CCSD schools offer enriched learning opportunities, including Advanced Placement (AP) courses.

While, like the CBE, they accept students from outside attendance areas, priority is given to Catholic students and those living within designated boundaries.

Charter Schools

Calgary is also home to several charter schools, which are publicly funded but independently run by non-profit organizations and are not religion-based.

While they follow Alberta’s provincial curriculum, charter schools have greater autonomy in teaching methods and educational philosophies. Unlike most public schools, charter schools generally accept students from anywhere in the city and are a more affordable alternative to private education.

Private Schools

Calgary’s many private schools offer a tailored educational experience, often featuring smaller class sizes, specialized curriculums, and unique teaching methodologies. While private school enrolment is not dependent on location, tuition costs and admission requirements vary.

Considering Your Family’s Preferences and Needs

Choosing the right school goes beyond academics—it impacts your daily routine, where you may choose to live, and long-term family goals.

For example, if you feel strongly about your child attending a high-ranking public school, being able to walk to and from school, and building friendships in your local community, then deciding what area to buy a home in will be significant. In this case, you should sufficiently research public schools as part of your home search process. Also, remember that homes in desirable public school catchment areas often have higher property values and strong resale potential.

Alternatively, if your child will attend a private or charter school, the quality of the neighbourhood's public schools may be less of a factor in your decision. You may instead focus on home size, amenities, and commuting distance to your chosen school.

Other factors we advise all families to consider include:

Commute times – Will your child’s daily school commute be manageable?
Future flexibility – Are you prepared for possible school changes as your child grows?
Multiple children – Will all your children attend the same type of school, or will you need options for different educational needs?

Do Your Due Diligence

Balancing your housing needs with your child’s education can feel overwhelming. But when you have a clear understanding of Calgary’s school system and your family’s needs, you can make an informed decision while avoiding some common pitfalls.

Double-Check Before You Buy

Never assume buying a home in an area guarantees admission to a specific school. Even with public schools, always verify your child’s eligibility with your school of choice. Conversely, if there’s an alternative public school you want your child to attend, you may not need to live in the area for them to go there.

If possible, try things on for size

When making a move, not everyone has the luxury of time. But if you’re moving to Calgary from another city and have the option to rent before buying, this can help you ensure a school or neighbourhood you’ve researched is right for your family before committing to buying there.

On the other, if you’re contemplating moving closer to a desired charter or private school to reduce commute times, consider giving your child a year or two there to ensure the school is a fit.

If you’re moving within the city to be close to a specific school, schedule a meeting with the principal and tour the school.

Plan for the Future

Children’s educational needs—and family real estate needs—can evolve over time. Avoid overextending financially just to live near a specific school, especially when good alternative options exist.

Be mindful of compromising on home features, location, and long-term resale value when deciding to send your child to a charter or private school they’ve yet to attend.

In Summary

Moving with children involves many decisions, and school choices play a significant role in where you choose to live. By understanding Calgary’s school system and aligning your home search with your family’s priorities, you can make a confident and informed decision.

If you need expert real estate advice tailored to your family’s educational needs,

School Resources

Here are some school resources and links to schools with notable reputations in each above-mentioned category. Please keep in mind this list is not exhaustive and that rankings change from year to year.

Popular Public Elementary Schools

Sunalta School (Community: Sunalta – SW Calgary): Known for its exceptional academic programs and focus on holistic learning, Sunalta School is highly regarded for fostering a supportive and enriching environment for elementary students.

Auburn Bay School (Community: Auburn Bay – SE Calgary): Located in the family-friendly community of Auburn Bay, this school provides a vibrant atmosphere that emphasizes student engagement and community involvement.

Brentwood School (Community: Brentwood – NW Calgary): With a strong focus on academic excellence and community values, Brentwood School offers a nurturing and dynamic environment for young learners.

Chris Akkerman School (Community: Marlborough – NE Calgary): Located in Marlborough, Chris Akkerman School is renowned for its academic programs and dedication to creating an inclusive and supportive learning environment.
Popular Catholic Elementary Schools.

St. Joan of Arc School (Community: West Springs – SW Calgary): A well-loved K-9 school in West Springs, known for its close-knit community and nurturing environment, with a strong focus on academic and spiritual growth.

St. Isabella School (Community: Auburn Bay – SE Calgary): Located in Auburn Bay, St. Isabella is known for its strong academic and faith-based education, creating a supportive, value-centered environment for elementary students.

St. Luke School (Community: Brentwood – NW Calgary): Situated in Brentwood, St. Luke School is celebrated for its academic programs, active parent community, and supportive learning environment for younger children.

St. Rita School (Community: Rundle – NE Calgary): Found in the northeast community of Rundle, St. Rita School is known for its dedicated staff and strong focus on values-based education, creating a supportive and nurturing atmosphere.

Popular Charter Schools

Westmount Charter School (Community: University Heights – NW Calgary): Specializes in meeting the needs of gifted learners from Kindergarten through Grade 12, offering an enriched curriculum.

Foundations for the Future Charter Academy (FFCA) (Multiple Campuses): Provides a traditional learning environment with a focus on academic excellence and character development, serving students from Kindergarten to Grade 12.

Calgary Arts Academy (Community: Glenbrook – SW Calgary): An innovative public charter school that engages children through arts immersion to become confident learners and spirited citizens.

Connect Charter School (Community: Lakeview – SW Calgary): Focuses on inquiry-based learning, integrating technology and outdoor education for students in grades 4-9.

Popular Private Schools

Strathcona-Tweedsmuir School (Community: Okotoks – South of Calgary): An independent K-12 school offering the full International Baccalaureate (IB) program, emphasizing academic excellence and character development.

West Island College (Community: Acadia – SE Calgary): A co-educational private school for grades 7-12, known for its rigorous academic programs and leadership development opportunities.

Webber Academy (Community: Aspen Woods – SW Calgary): Serving Junior Kindergarten to Grade 12, Webber Academy focuses on academic achievement and personal growth within a supportive environment.

School Rankings & Reviews

Fraser Institute School Rankings – Annual rankings of Alberta schools.
Alberta Education - Find a School – Official school search tool.
Our Kids - Calgary Private Schools – Private school directory.

The pros and cons of buying a newly built home

Mon, 18 May 2026 13:15:34 GMT

Purchasing a brand-new home is always an exciting prospect. And, as many new home development projects started in 2022-23 reach completion this year, buying a newly built home is likely top-of-mind for many Calgary buyers in 2025.

Yet, while the chance to start afresh in a new home equipped with the latest design technologies and new home warranty coverage has undeniable allure, like any significant decision, it’s essential to consider all the available information and determine whether it’s the right choice for you.

In this month’s blog, we’ve outlined the pros and cons of buying new and highlighted an alternative option if you’re keen to get the best of both worlds.

Nothing like that new home feel

There’s no question that nothing beats the joy of moving into a new home that’s truly your own, ready to be filled with memories.

Buying new means you can select or build a home that’s exactly what you or your family wants or needs and customize design features to your tastes and preferences.

But that’s not all. Here are some of the other advantages of buying new:

Modern design and finishings : New homes feature contemporary designs, open floor plans and trending finishes that enhance modern lifestyle and resale appeal.
Energy Efficiency : Modern building codes require new homes to meet higher energy efficiency standards. Features like better insulation, energy-efficient windows, potential options for solar panels, and high-efficiency appliances can reduce utility costs and environmental impact.
Low Maintenance Costs : From a brand-new roof and appliances to your HVAC system, maintenance costs are minimal in the early years of new home ownership.
Warranty Protection : New homes come with builder warranties that cover structural defects, major building systems, and even appliances for a specified period. These warranties provide a significant financial safety net and peace of mind.
Smart Home Technology : Many home builders outfit their homes with the latest smart home features, including programmable thermostats, security systems, and energy monitoring tools that make everyday life easier.

The grass isn’t all greener

Despite the many advantages, buying a brand-new home isn’t without considerations and compromises. First, brand-new homes typically come with a premium price tag, where buyers pay more simply for the prestige of buying new.

Secondly, even if you’re not discerning about the home builder you use, the neighbourhood you choose, and what is included in your contract, many of the aforementioned pluses of buying a new home can have their downsides.

Here are some essential items to consider if you’re thinking of buying new:

Unproven systems & Warranty Issues: While new systems and appliances are under warranty, plumbing, electrical and HVAC systems have not been tested through regular use. Issues may arise after the warranty expires, or builders may deem specific problems are not covered by the under warranty, leaving homeowners with unexpected costs.
Quality of Construction: A new home’s walls may look shiny and new, but it’s hard to see the quality behind the walls. Low barriers to entry for boutique home builders in Calgary and the desire to produce low-cost homes can lead to quality control issues. When buying new, it’s essential to do your homework and find a builder with a quality reputation that you trust.
Construction Delays: If you’re purchasing a home still under construction, delays due to weather, supply chain issues, or labour shortages are not uncommon and can postpone your move-in date.
Neighbourhood Development: In new developments, neighbourhoods may take years to mature fully. Early buyers may have to deal with ongoing construction and incomplete amenities, such as a lack of schools or sparse landscaping.
Additional Expenses :New homes may not include essential features like landscaping, window treatments, or additional appliances such as washer/dryer and air conditioning. These extra costs can add up quickly.
Limited Character or Modern Design Features that Become Outdated: New homes may lack the charm and character of older properties. They can sometimes feel uniform, especially in planned developments with similar designs. Additionally, many new design trends fall out of style quickly, adversely affecting resale value. So, opting for more timeless design features may be worth considering.

Get the best of both worlds

Suppose you want to reap the benefits of a design-forward home without the extra costs. By buying a home that is just a few years old, you can save on the premium price, shop for a property with modern design features and a layout that appeals to your taste, and sidestep many of the downsides of buying brand new.

In newer homes on the resale market, heating and mechanical systems have been used regularly, so any initial issues have probably already been repaired. Any underlying damage would be more visible and more likely to be revealed during a home inspection.

You can also shop for a home where the previous owners have already paid for and installed upgrades such as air conditioning, window coverings and landscaping.

Plus, you’ll be able to move into a new neighbourhood with finished construction and more amenities, along with green spaces, trees, and foliage that have had time to grow.

Summary

Buying a brand-new home offers many benefits, from modern designs to lower maintenance costs. However, the higher price tag and potential for hidden challenges mean it’s not the ideal choice for everyone.

Consider your priorities: Do you value energy efficiency and customizability, or do you prefer a resale home's charm and established character? By carefully weighing the pros and cons, you can make an informed decision that aligns with your lifestyle and financial goals.

Don't hesitate to reach out if you’re ready to explore new construction homes or need guidance navigating the process.

Your dream home might be just a blueprint away!

2024 Calgary real estate market trends and what’s ahead for 2025

Mon, 18 May 2026 13:15:27 GMT

The past year was another dynamic one for Calgary real estate.

Marked by continued price growth, persistent supply challenges among lower-priced homes, and the long-awaited shift toward more balanced market conditions, home buyers and sellers saw a little bit of everything.

With 2024 drawing to a close and many of our clients asking what they can expect in Calgary real estate this coming year, in this month’s blog, we reflected on a few key trends that shaped Calgary’s real estate market this year and developments that may impact what the future holds for 2025.

Strong out of the gates but a slower, steadier finish

Following in the footsteps of 2023, the Calgary real estate market got off to a hot start in 2024, with prices rising steadily during the first few months of the year. February, March, and April were the busiest months for transactions and price growth, with high demand continuing to drive competition and multiple-offer scenarios.

However, in a surprising twist that came as a shock to many Realtors and industry experts (us included), the much-anticipated decline in Government of Canada interest rates did not lead to the predicted surge in buyer demand — as would-be buyers behaved more cautiously than expected, likely due to economic uncertainties or higher price points in specific market segments.

The resulting transition towards more balanced market conditions throughout the second half of the year was among 2024’s most significant developments; where homes were previously in multiple offers, we began to see many sell below listing price or even make price adjustments.

It’s also worth noting that rental rates — which soared in tandem with housing demand the past two years — were trending downwards. The average Calgary rental rate was down 5.5% year-over-year from 2023.

The tale of two markets

Even though the overall market trended toward more balanced conditions from August to December, many market segments continued to lean heavily toward sellers — with specific conditions varying greatly depending on home type and price point.
While the supply of homes priced over $700,000 has steadily increased month-over-month, easing conditions for buyers shopping at higher price points, lower-priced homes — especially semi-detached and detached — remained comparatively scarce when coupled with the high demand for more affordable housing options.
Additionally, many home builders focused on keeping new townhomes and condos as rentals—a strategy influenced by favourable lending rules—exacerbating the limited availability in this segment.
As of November 2024, the Calgary Real Estate Board’s (CREB) monthly market report highlighted ongoing supply shortages for lower-priced homes.

Looking ahead to 2025

What does all of this mean for 2025? Great question. It’s essential to remember that every forecast, even the most well-researched, is speculative and subject to change based on real-time market trends and current events.

That said, several developments from 2024 are likely to bear relevant impacts on housing supply and demand heading into 2025:

Land Rezoning - It will take time to determine the long-term impacts of 2024’s blanket rezoning land use re-designations. Still, we are seeing an uptick in development permits submitted in Calgary neighbourhoods previously zoned R1. Despite the contentious nature of the city’s rezoning, they should increase the supply of rowhouses and townhomes throughout 2025 in neighbourhoods that were previously single-family home communities.
New Construction - More homebuilders are leaning into townhome developments. Although concerns about oversupply and profitability linger for rentals, some are exploring the market gap for townhomes for sale, driven by sustained demand for affordable ownership options.
Speculative Investment - During the red-hot market in 2022, many speculative investors from out-of-province invested in pre-construction projects, betting they would dramatically increase in value by completion time, a gamble that was successful in Ontario and BC. With many of these projects finishing soon and in 2025 and not having increased in value as anticipated, many investors will be looking to sell to cut losses or put units up for rental, increasing supply to the housing or rental markets.
Immigration Slowdown - Following two years of record migration, Calgary is expected to see a continued slowdown in international and interprovincial migration, which could ease demand in both rental and housing markets and further contribute to the stabilization of supply and demand.

Final thoughts

Taking into account factors likely to impact supply and demand, leading industry experts are predicting the Calgary real estate market will likely see a more modest price growth of between 1-3% in 2025.

Though anti-climatic news for potential sellers and some Realtors, the continuing trend towards more balanced market conditions brings a much-needed reprieve for buyers and is generally good for the city as a whole, as the 7-10% year-over-year price growth we saw in 2022/23 is not sustainable.

Following two or three record-setting years of price appreciation, a return to comparatively stable conditions will be a tough adjustment, but there are still plenty of encouraging reasons to be optimistic about Calgary’s future growth:

Lower housing prices with higher average incomes when compared with other major cities
The lowest tax rate in Canada
An entrepreneurial spirit and economic diversification, in addition to a robust oil and gas industry
A young and educated population
Renewed government investment in public projects and infrastructure

For all these reasons, Calgary remains an exciting place to live and invest in. As we head into 2025, the focus on balance, sustainability, and community growth promises a stable and prosperous future for the city.
Whether you’re a buyer, seller, or investor, Calgary’s long-term potential makes it a city worth watching, and 2025 could see favourable buying opportunities for investors and home buyers.
Have more questions? Send us an email or give us a call. We’d be happy to chat with you.

When is the best time to put your home up for sale in Calgary?

Mon, 18 May 2026 13:15:22 GMT

Conventional wisdom has always been that spring is the ideal time to list your home for sale in Calgary. The leaves are budding, the snow is melting, and the seasonally driven spring real estate market brings an influx of buyers looking for their dream homes.

That said, not all sellers have the luxury of time when listing their property for sale, and there are pros and cons to listing at any time of year.

As the seasons change again here in Calgary, we’ve put together some essential things to consider if you’re contemplating selling your home this winter or spring.

Why wait for spring to sprung?

Spring is notoriously the busiest time of year for Calgary real estate. Why?

Well, as in many cities with colder and longer winters, the warmer spring weather and extended daylight hours, combined with the lull between the busy Christmas season and upcoming summer holidays, make this an ideal time of year for buyers to move and enter the market in full force.

What this means is that sellers listing in the spring generally enjoy high demand, coupled with increased competition to fuel more offers and drive up the home's sale price.

Additionally, curb appeal is greatest this time of year, with lawns turning green, gardens beginning to bloom, and more sunlight for evening showings. So, selling when your home’s exterior naturally looks its best can attract more interest and potentially create more value among competing buyers.

Winter shouldn’t always get the cold shoulder

Despite the advantages of the spring market, the reality is that many sellers may not have the advantage of time, or their circumstances may not permit them to wait several months to list their homes for sale.

The good news is that while these sellers may sacrifice on increased curb appeal and higher market demand, there are still some pros to selling in winter:

While the spring market brings more buyers, it also brings more inventory, which means it can be challenging for your home to stand out. In the winter, homes that are well-staged to feel warm and inviting can offer a cozy appeal while facing less competition from other sellers.

Additionally, fewer buyers are casually looking for homes or just perusing the market in the winter. Buyers in the winter market often need to move more quickly due to changes in jobs, relocations, or other time-sensitive reasons. These factors can make them more driven and motivated to submit strong offers to close a deal.

Sellers who list their homes in the winter will also enjoy a slower-paced market, without the same pressure to act quickly or respond to offers or risk losing to competing listings.

Which season is best for you?

No matter the seasonal trends, at TB Real Estate Team, we always counsel clients to consider their circumstances over the strategy of trying to time the markets.

If your mortgage renewal date, financial realities, or personal circumstances will allow you to wait a few months to list in the spring — it certainly might be worth considering, especially for families with school-age children hoping to move between the end of the school year and the start of the next.

At the same time, changes in jobs, financial situations, or family demands may well outweigh any potential of delaying the sale of your home to a later date in time.

Another aspect to consider is the unprecedented conditions in the Calgary real estate market over the past two years, as seasonal slowdowns and market upticks have been far less pronounced due to historically low housing inventory levels.

This comparative easing of seasonal booms and busts has been especially true for homes priced under the $700,000 mark, where demand is still outpacing supply — meaning that sellers in this price point have enjoyed a seller’s market throughout the year.

In summary

Deciding whether to list in the winter or spring can make a significant difference when selling a home in the Calgary real estate market. Both offer unique opportunities, and each has advantages and challenges to consider as you prepare to sell your home.

If listing in winter, focus on creating a cozy and well-maintained atmosphere inside your home while ensuring snow removal and exterior maintenance to maximize curb appeal and highlight cold weather pluses like energy-efficient windows or sound heating systems and fireplaces.

If listing in spring, be prepared to act decisively, accommodate more casual buyers, and navigate a busier market.

As with any real estate decision, above all else, it’s best to consult with an experienced professional you trust and then make an informed decision that works for you and your family based on your circumstances.

Still have questions? Send us an email or give us a call. We’d be happy to chat with you.

Here’s everything you need to know about getting ready to sell a tenant-occupied property in Alberta

Mon, 18 May 2026 13:15:14 GMT

Selling a home can often be a straightforward experience, especially when working with a seasoned Realtor® who can help streamline the process.

But when it’s a tenant-occupied property, the dynamics can change. Whether you’re a landlord with multiple properties or a first-time investor, selling a tenant-occupied property in Alberta requires careful planning, legal understanding, and clear, well-documented communication with all stakeholders.

As real estate investors, we’ve compiled a step-by-step guide based on much of our own experience to help you navigate the complexities while ensuring a smooth transaction for you and your tenants.

1. Weigh the pros and cons of selling with or without tenants

The first point we counsel home buyers to consider is whether or not they will sell “with tenants.” In other words, will you wait until the lease expires before selling the home, or will you list the property with tenants in place?
Selling a property where the buyer assumes the tenants gives you the advantage of listing your property on the market whenever you like — regardless of lease terms. It can also be attractive to potential investors, as they’re purchasing an asset from which they can earn rental income immediately. The drawback here is that you're limiting your target market to investors and excluding buyers looking for a personal residence.
Some investors also prefer to vet or select tenants through their own processes. Showing a property while tenants live in the home can also be challenging, especially if they aren’t motivated to present the house in the best light.
Selling a vacant home is easier to stage, offers more flexibility for showings, and appeals to a broader buyer pool. Still, you’ll need to give the required notice, navigate the tenant transition and consider the gap in rental income if the sale takes time.

2. Making a decision

If you’ve weighed the pros and cons but are still struggling to decide whether to sell with tenants, consider the following:

How easy is your tenant to interact with? Will they cooperate with showings? Do you believe they’ll commit to leaving the property during the showing? If they have pets, how will their pets be managed?
Are any major repairs needed that will increase the property's saleability? Forgoing repairs because the property is tenant-occupied can leave money on the table or even impact the likelihood of a sale.
Will the property be tidy for showings or left as a mess? As noted above, tenants do not have the same financial incentives as owners to ensure a home is shown in the best possible light.

In other words, if you plan to list a property while it is tenant-occupied, you’ll want to ensure your tenant is cooperative and willing to keep it tidy for showings and that no major repairs are needed.

If these factors are not in place, it might be in your best interest to wait until lease terms are up and sell the property vacant to increase the likelihood of selling at a fair or great price.

3. Know the laws

Regardless of what you might have written into your lease, it’s crucial to understand that in Alberta, tenants have rights protected by the Residential Tenancies Act (RTA). These rights will often supersede any other exceptions or clauses, even if they’re put in writing.
Before communicating with your tenants about selling the property, knowing the legal requirements specific to your situation is essential to avoid potential misunderstandings or difficulties in communication.
When considering tenancy laws, there are generally three key points to consider:

Tenants' Right to Stay - If the property is sold, the tenant generally has the right to stay until the end of their lease. The new owner cannot terminate the lease agreement unless the lease permits or both parties mutually agree.
Proper Notice - If you have a fixed-term lease and your tenants intend to stay for the full term and want to sell the property vacant, you must wait for the lease to expire before selling. If the lease is periodic (e.g. month-to-month), Alberta law requires a minimum of three calendar months' notice if the new buyer plans to occupy the property themselves.
Showings - Tenants must be given at least 24 hours written notice before a showing. All showings must be conducted between 8 a.m. and 8 p.m., and tenants can refuse entry under certain circumstances (such as illness).

4. Establish open communication

Once you’ve decided to sell, and you have an idea as to whether or not you will sell “with tenants,” we suggest having an open and honest conversation with your tenants as early as possible.

Not only does this build trust, but it can also make the process smoother. Your tenants may have concerns about how the sale will affect them, and being upfront can help alleviate their worries and positively impact communication throughout the process.

Some landlords may even offer additional incentives to tenants to cooperate during the sale, such as rent reductions during the showing period or covering moving costs if they decide to exit the lease and leave early.

If pursuing these options, they should always be well-documented, put in writing, and formally agreed upon by both parties.

5. Go with the pros

When selling a tenant-owned property, it’s important to work with a real estate agent who has experience selling or owning investment properties — ideally both.

An experienced agent will be familiar with local market conditions and the specific challenges of managing showings, legalities, negotiations, and closing deals with tenants in place.

They can also help position the property to attract buyers looking for investment properties with existing tenants or help highlight other features such as rental income potential, solid tenant history, and property condition.

At TB Real Estate Team, we also work collaboratively with the best real estate lawyers to ensure you comply with Alberta’s tenancy laws throughout the process.

Summary

Selling a tenant-occupied property in Calgary can be complex, but it can be done smoothly with the right approach. Understanding tenant rights, keeping communication open, and working with professionals who know the market are key to ensuring a successful sale.Whether you sell with tenants in place or wait for the lease to end, there are opportunities to attract the right buyer and complete the sale on favourable terms.
If you’re interested in selling a tenant-occupied property or have questions about anything you’ve read here, don’t hesitate to reach out.

How Calgary compares to other Canadian cities like Toronto and Vancouver

Mon, 18 May 2026 13:15:06 GMT

Over the past two years, Calgary has emerged as one of Canada's fastest-growing real estate markets — outpacing the traditional high-demand markets of Toronto and Vancouver, where year-over-year growth has slowed due to higher prices, increased borrowing costs and market stabilization efforts.

Yet, despite increased prices and a low supply of housing options under $500,000, migration rates to Calgary remain historically high, and more people see Calgary as a compelling alternative to its coastal counterparts.

So, what makes Calgary a unique Canadian destination for home buyers and investors? This month’s blog breaks down the comparative pros of Western Canada’s largest city.

Affordability rules the roost

For many hardworking Calgarians, real estate price increases over the past two years have made ownership feel increasingly out of reach. However, the fact remains that real estate prices in Calgary are still considerably lower than in Toronto and Vancouver — which means for prospective buyers in those markets, real estate prices here are very appealing.

What you might pay for a small two-bedroom apartment in downtown Toronto can still fetch you a reasonably sized, single-family home with a backyard in many of Calgary’s most desirable suburban neighbourhoods.

Additionally, Calgary’s relative affordability extends beyond housing. Due to comparatively cheaper costs on regular household expenses such as gas and insurance, lower property taxes and no sales tax, the overall cost of living in Calgary is also less than in many other major Canadian cities.

Life in the VAST lane

Calgary consistently ranks among the top of many quality-of-life surveys, and it’s easy to see why. Not only is the city more affordable than Toronto and Vancouver, but it also offers a perfect balance between urban amenities and natural beauty with an incredibly vast backyard.

A haven for outdoor enthusiasts, Calgary is just a short drive from the Rocky Mountains to the west and the beautiful and historic badlands and prairie landscape to the east — perfectly situated for skiing, afternoon hikes or weekend camping adventures.

Inside the city, Calgarians enjoy easy access to hundreds of kilometres of bike and walking paths along the Bow and Elbow Rivers and many sizable outdoor recreation areas and parks such as Nosehill and Fishcreek Park.

Renowned for its clean air, safe neighbourhoods and excellent education systems, many buyers from Toronto and Vancouver are also pleasantly surprised by Calgary’s sunny, albeit chilly, winters.

As many Calgarians profess, Calgary boasts more hours of sunshine per year than any other major Canadian city — making it a bright and vibrant place to live, a sentiment the city’s new slogan, ‘Blue Sky City,’ is intended to evoke.

Big city, small-town vibe

Calgary’s cultural scene is as diverse and vibrant as its rapidly growing population. The city hosts numerous cultural festivals, arts events, and live performances annually, celebrating its multicultural community.

Yet, despite being a large urban center with a food, restaurant, and entertainment scene that matches any major Canadian city, Calgary maintains a strong sense of community and village-mindedness that is often associated with smaller towns and typical of rural Alberta.

We’re proud to say our city’s residents are known for their welcoming nature, and the community spirit is palpable, especially during events like the Calgary Stampede. This strong community vibe sets Calgary apart from the hustle and bustle often found in larger cities like Toronto and Vancouver.

The promise of tomorrow

While Calgary’s strong, oil-based economy is typically associated with boom and bust cycles, summed by the humourous Alberta proverb: “lord give me one more oil boom, and I promise not to waste it,” There are positive signs Calgary’s economy is diversifying, making it more resilient to future swings in the price of commodities.

Quickly emerging as a tech hub, the city has seen significant growth in tech startups, and there are numerous initiatives to foster innovation and attract tech talent with lower operating costs compared to Toronto or Vancouver.

It’s also worth noting that the City of Calgary is investing in several sizable infrastructure projects, including the recently completed BMO convention centre, a new stadium for the Calgary Flames hockey team, a new Arts Commons building, and the Green Line — a north/south extension to the city’s C-train transit system.

Collectively, these capital projects are encouraging signs that the City Council is investing in Calgary's economic growth and regional influence.

Summary

While undoubtedly Vancouver and Toronto have a unique appeal, Calgary stands out for its strong sense of community, affordability, economy, and high quality of life.

Whether looking for a place to call home or a promising investment opportunity, Calgary offers a combination of benefits that are hard to find elsewhere in Canada. As the city grows and diversifies, its real estate market is poised for a bright future, making now the perfect time to consider Calgary your next destination.

If you’re interested in exploring Calgary’s real estate market or learning more about what this incredible city offers, don’t hesitate to reach out.

Why the 2023 Calgary Real Estate market is bucking yearly trends.

Mon, 18 May 2026 13:15:00 GMT

There’s no question that 2023 has proved to be an exceptional year in the Calgary real estate market.

Despite regular increases in the cost of borrowing, the Calgary market has continued to soar, especially compared to other major Canadian markets like Toronto and Vancouver. In fact, the average price for a detached home in Calgary increased from $637k to $707k from August 2022 to August 2023.

However, after a record-setting summer, many potential sellers are wondering what’s in store this fall and whether or not the fall real estate market will carry forward the momentum we’ve seen this year or dip in the direction of annual market trends.

Here are a few things to contemplate if you’re considering entering the real estate market in fall 2023.

Seasonal Trends in the Calgary Real Estate Market

Historically, the most active months in the Calgary real estate market are April, May and June. Both the increased daylight hours and more favourable weather make this an ideal time for property showings and showcasing a home’s curb appeal.

Additionally, many buyers looking to make a purchase before summer vacation or before the next school year begins enter the market at this time, furthering the seasonal increase in demand.

Thus, historically, the summer real estate markets tend to favour sellers, who can take advantage of the influx of motivated buyers. Whereas the fall and winter seasons present increased buyer opportunities with reduced competition.

What's Different Heading into Fall in 2023?

Generally speaking, the first signs of the seasonal market slowdown here in Calgary begin as early as mid-July, as many folks settle into their summer rhythms and holiday plans.

Yet the 2023 Calgary real estate market remained remarkably strong throughout the summer and, as of September 1st, continues to show signs it’s ready to buck many annual trends.

For some comparison, Calgary home sales for August 2023 were up nearly 28% over last year. And, thanks to a surge in the condominium market, August sales reached a record high of 2,729 units, with the benchmark price of a Calgary home reaching $570,700 — a 7.9% increase over last year.

What’s behind all this?

The short answer is immigration and inventory. With interprovincial and international migration, we have an average of 62 people moving to Calgary daily. At the same time, inventory rates are down 32% from August 2022.

In addition, demand is still high as we head into the fall market, as many buyers still haven’t secured a home. So despite a slight seasonal decrease in overall sales activity, we still have an 87 percent sales-to-new-listings ratio and only 1.19 months of supply — down a whopping 46.9% compared to last year.

Here’s another way of thinking about it. Typically, inventory levels for August tend to hover around 6,000 units. This year, 3,254 units are on the market —nearly half the seasonal average!

Things to Consider if You Plan to Sell Right Now

Regardless of historical and seasonal trends, the Calgary market remains a sellers' market — and, with inventory so low, a strong housing market is likely to continue into Q4 of 2023. If you plan to sell your home right now, you can expect to get a high price, potentially even with multiple offers.

That said — if you decide to sell your house this fall, make sure you have a plan for what you will do after you sell.

Are you going to be buying another home? Will the home you want be available in this type of low-inventory market? And, if you’re planning to rent while you look for a new home, have you considered how expensive renting is right now?

These are all critical questions to ask yourself as you contemplate whether or not to enter the current market.

As always, if you need help, advice, or assistance determining your home's current market value, don’t hesitate to reach out!

What to expect in the Calgary real estate market in 2023 and how to make an informed decision.

Mon, 18 May 2026 13:14:52 GMT

When it comes to real estate markets, no one has a crystal ball. Real estate markets — like all markets — are inherently unpredictable.

While it’s difficult to forecast market behaviour with certainty, what we can do is make reasonable projections that help clients make informed decisions based on each buyer’s needs and circumstances.

So, what constitutes an informed decision?

We tell buyers and sellers to consider three essential things when weighing the pros and cons of potential real estate choices:

Consider any cautionary factors;
Get up to date with current trends in the local market;
Take into account your individual circumstances.

Let’s take a closer look.

Cautionary Signs to Keep in Mind

While consumer confidence in the Calgary real estate market is strong, there are still mixed signals about where the market is headed in the next 12-18 months.

Much will depend on what happens with interest rates.

Interest rate hikes continue to stifle the appreciation of average home prices, with projected growth sitting reasonably flat or a +/- 2% price change in 2023. So even with strong consumer confidence, home values aren’t likely to appreciate much in the short term.

In addition, it is always important to remember that local real estate markets are tied to the global economy.
Even strong consumer confidence can wither quickly based on what happens in international markets, especially in the United States.

Prevailing Trends in Calgary

Despite these cautionary notes, we should be optimistic about many prevailing trends in the Calgary market.

Firstly, the city’s population growth is beginning to accelerate. More affordable housing, competitive tax rates, cheap start-up costs for new businesses, and a revived oil and gas industry are attracting newcomers from across Canada who want to purchase homes in the city.

Second, inventory is low, and supply/demand ratios in the resale market are the tightest they have been since February 2006. In the early months of 2023, we are seeing a more substantial pullback in new listings that may be tied to low inventory — i.e. homeowners may be tentative about listing a property when they know inventory is low and buyer competition is high.

In new home construction, sustained demand has prompted housing companies to hold on to higher prices to maximize their profit margins.

All of this means that Calgary home prices have fared reasonably well, particularly when compared to other major markets like Toronto and Vancouver.

What about you?

We tell clients the most important things to consider in any market are their individual needs and circumstances.
Right now, it’s a great time to buy — so long as you are comfortable holding onto the property for the next 5+ years and don’t overextend yourself.

Suppose you are a prospective buyer priced out of the Toronto or Vancouver markets. In that case, the Calgary market may be a viable option where you can capitalize on more affordable housing compared to the average income. That said, don’t let the fear of missing out compel you to purchase beyond your means.

Townhomes and condos are showing resilience in this market. So if you’re looking for a more affordable home, or downsizing or right-sizing, this might be a better option.

And it’s important to remember that with lower inventories, finding the right house that checks all of your boxes might take a little longer than expected. So, if you want to make a quick purchase, you may have to compromise on price.

Ultimately, doing this kind of due diligence will help you make an informed decision about whether or not a real estate move is right for you in 2023.

Need some additional help making an informed decision for 2023?Don’t hesitate to reach out.

Scout it out before you doubt it.

Mon, 18 May 2026 13:14:45 GMT

This month we were featured in a blog on the realty site Zoocasa about Calgary neighbourhoods. The interview was great. It also got us thinking a bit more about some things we've learned helping folks buy homes in Calgary over the years.

There are many things to consider when searching for the right neighbourhood. Do you want to live close to family or friends? Would you like to be close to schools? What do you do for fun? What are the walking or biking scores in particular communities?

But have you thought about how some of your biases or preferences may influence your decision?

Here are two trends we've noticed that are particular to Calgary.

North versus south versus east versus west.

In Calgary, folks tend to align themselves with a quadrant of the city and stick to it, especially if they grew up here.

There's nothing wrong with buying in an area of the city you feel comfortable in or have lived in before. What you want to try and avoid is letting your preference for the familiar shut you off to other potential areas that might have a lot to offer.

Instead of drawing out boundaries by east and west or north and south, try drawing out boundaries by school catchment areas or commuting times from school or work.

Don't miss out on finding a home that checks all your boxes simply because you didn't pop a specific quadrant of the city into your search criteria.

Inner city or outer limits.

Similar to a preference for city quadrant, most folks have reasonably strong feelings about whether or not they want to live close to downtown or farther out in a newer community.

Each has a stigma; not always deserved.

Some buyers are surprised at just how much they can get in a quiet, suburban-feeling inner-city neighbourhood that's still close to the river, the pathways, and social hotspots like Inglewood, Bridgeland or Kensington.

At the same time, people who prefer the inner city are sometimes shocked to discover just how much newer and more suburban communities have to offer.

Scout it out before you doubt it.

Before you conclude about any neighbourhood or the other, take the time to check it out. We mean really check it out.

Spend a day in the life of someone who lives in that community: do some of your regular shopping errands at a few nearby shops, drive around to different schools, or head out for lunch or dinner at a restaurant in the area.

This due diligence will help you make an informed decision about whether or not a neighbourhood is right for you.

Finally, ensure you use a professional and experienced Calgary Realtor® who intimately knows our city's diverse and exciting neighbourhoods.

Need some help? Don't hesitate to reach out.

Here’s some free advice on buying cheap.

Mon, 18 May 2026 13:14:38 GMT

If you're typing "cheap homes for sale in Calgary" into your search browser, here is something novel to consider: nobody really wants to buy a cheap home.

We know…who doesn't want to get something…anything…cheap? But wait, hear us out a second.

When we say nobody wants to buy a cheap home, we actually mean nobody wants a house built cheaply in a neighbourhood where home values are stagnant.

What you do want is to invest in an affordable home in a proven neighbourhood that fits your needs and will appreciate in value over time, right?

So here are a few things to consider if you're on the hunt to buy a cheap house in Calgary.

Talk is cheap. That doesn’t mean your house should be.

First, take the word "cheap" out of your vocabulary.

When shopping at a lower price point, you can still buy with quality and value at top-of-mind.
Using the word cheap to describe what you are looking for can imply that you're willing to settle for something that has less value, is constructed poorly, or no one else wants to buy.
The word 'cheap' can also adversely affect buyer behaviour. Potential buyers can overly focus on the sticker price instead of other essential features contributing to the home's long-term value.
For example, $10,000 savings on the purchase price of a cheap home could amount to very little — if any — savings in the long term when compared to a slightly more expensive house in a better neighbourhood.

Understand the sub-market.

When shopping for a home at a lower price point, you will also want to understand how that particular submarket is behaving compared to the broader Calgary real estate market.
Right now, the market for lower price point homes is still very active with low inventory.
This is in part because the high cost of renting, and high occupancy rates, are pushing many people towards home ownership as an alternative to renting.
Though this doesn't consider how the most recent interest rate hike will affect lower price point homes, buyers in this market can still expect to find a reasonably competitive landscape, with stabler prices and limited supply.

Compromise in the short term so you can thrive in the long run.

When you purchase a home at a lower price point, be prepared to compromise on some items on your "wish" list and beware of the lure of the "cheap" home that is advertised as having it all for less.
We often counsel our clients to focus on location for long-term appreciation. Consider whether the house would be suitable as a rental property when you grow out of the home.
These are the types of factors that are going to determine the future value of your home.
You may not be able to "have it all," but you can make smart, conscious decisions that ensure your home will be a good investment well into the future.
Above all else, do not hesitate to consult a professional. Any advice from your real estate agent comes at no cost to you, and we have your best interests at heart. Contact the Trung Bien Real Estate Team

Don’t Let the Herd Get You Down

Mon, 18 May 2026 13:14:31 GMT

Now that Calgary’s housing market is taking the lead from other major markets across the country and beginning to cool off, many prospective buyers are wondering what to do in a softening market.

During any prevailing market trend —hot or cold —I like to remind clients that much of our individual investing behaviour is influenced by the behaviours of others in larger social groups.

This phenomenon is called herd mentality.

Herd mentality can motivate people to make decisions that feel instinctive but are sometimes irrational. This fact is especially true in both finance and real estate.

Just as herd mentality can motivate people in a hot market to be overly optimistic about future circumstances, it can also cause prospective buyers in a cooling market to be unnecessarily doubtful about making a purchase.

So, if you’re getting ready to buy a home, here are a few good reasons to consider grazing against the grain.

1 - Think temporary sale, not total collapse.

Dips in the market are not doom and gloom signs of its impending collapse. They are corrections and temporary opportunities to buy into the market at a lower price.It's my experience that during market slowdowns, many investors tend to forget the value of the real estate market as the most stable investment one can make over the long term.
This trend is an excellent example of herd mentality.
It helps explain why buyers in cooling markets tend to become more risk averse, despite lower home prices.
Instead, try thinking of it this way: when interest rates rise, it does cost you more to borrow money to buy your home. However, the house you are getting costs you much less than it would in a more active market.

2 - When prices are down, the selection is up.

Another advantage to buying a home in a softening market is that selection is up. Herd mentality can lead you to believe you’ll miss out on your dream house if you don't act quickly.
The truth is the past two years have been difficult for buyers.
Many have found themselves entangled in bidding wars and committing to purchases without conditions only to purchase a home that didn't check many boxes on their wishlist.
As sales decrease, inventory can catch up with consumer demands.
Buyers can take their time, take a breath and choose from an increased selection while leveraging their increased bargaining power to purchase the right home at a great price.

3 - There is time to plan your timing.

With prices down and inventory up, this gives you, the buyer, more time to plan exactly when you think is the absolute best time to purchase.
The market has been incredibly hectic this last year partially because herd mentality took over when people anticipated interest rates were about to rise.
In some cases, buyers pushed their purchases through before the federal government made significant announcements regarding prime lending rates.
Now that interest rates have risen, and the market is showing signs of cooling off, potential buyers can time the market more strategically before making a purchase.

So what should I do?

Ideally, you want to find that sweet spot where prices are still low, inflation has cooled down, and interest rates are stabilizing.
The key to timing any market and avoiding the herd mentality is to stay informed and do your research. Follow local news for updates on the Calgary housing market, and keep your ears open for signs or announcements from the Bank of Canada regarding interest rates.
But remember that in any market, you should purchase within your means and not over-extend yourself.
As a general rule of thumb, I suggest to clients that they should feel loosely confident their homes will suit their needs for the next eight years — or longer.
This way, clients can ride out any turbulence in the market and minimize unwanted transaction costs or losses that come with buying a new home every time their needs change.
Above all else, do not hesitate to consult a professional. Any advice from your mortgage broker or real estate agent comes at no cost to you, and we have your very best interests at heart.

Here are some fixed things you might not know about variable interest rates.

Mon, 18 May 2026 13:14:21 GMT

As the Bank of Canada has just raised its benchmark interest rate by the largest amount in more than 20 years, Calgary home buyers and homeowners are increasingly interested in interest. And, who can blame them?

The type of interest rate you choose will inevitably affect your monthly household finances for the next several years. Just a few percentage points change to your interest rate can mean thousands of dollars in increased savings or spending in the long term.

One thing you can undoubtedly expect this summer is that despite recent rate hikes and signs that major housing markets like Toronto and Vancouver are slowing, the Bank of Canada will continue raising interest rates to combat inflation.

With these expectations, many brokers, bankers, and real estate agents advise clients to adhere to the age-old mantra: if you think interest rates are going up, lock in.

While there is merit to fixing interest costs when you expect the price of borrowing to rise, many borrowers continue to select variable interest rates over fixed ones.

Why is that? Well, there are several reasons. Here are some things you might not know about variable interest rates.

Ride the wave or lock in to save?

Firstly, when comparing fixed rates to variable rates, you should consider that you are not exactly comparing apples to apples.

Fixed rates give you predictability and certainty when you expect interest rates to rise. However, certainty does not necessarily mean savings.

Many studies have shown that borrowers are likely to pay less total interest with a variable rate loan — even during periods where interest rates rose. Over the last thirty years, variable mortgages have led to lower interest costs in most 5-year periods compared to fixed mortgages.

Also, when comparing fixed and variable rates, ensure you measure them against the Prime Rate, which currently sits at 3.70%.

For example, right now, you can secure a fixed 5-year term mortgage between 5.15% and 5.3%. Following the recent increase to the overnight rate — which affects costs on variable mortgages — a variable rate for the same term is between 4.3% and 4.5%** So essentially, if you lock into a 5-year fixed rate today, you still need interest rates to rise approximately another 1% - 1.5% before you begin earning any savings on the fixed rate you selected. Should interest rates begin to come back down during the term, any savings you earned begin diminishing.

This rationale does not mean you should choose a variable rate. It does, however, help you to forecast different possible financial scenarios depending on what experts anticipate to happen to interest rates.

Want more buying power? This is the hour.

Another thing many people do not know about variable rates is that they usually get you significantly more purchasing power. This is because the stress test qualifying guidelines for a variable rate often allow for a bigger mortgage than a fixed rate.

Currently, using an average family income of $100,000/year, a buyer could expect to receive approximately $418,000 with a fixed rate mortgage and $470,000 with a variable rate.

But buyer beware. Two things are likely to happen that will affect the purchasing power of variable rate mortgages:

Policy analysts expect the Bank of Canada will continue to raise its overnight lending rate by the end of 2022. This will probably push the stress test higher, reducing your maximum allowable purchase price.
Experts also expect the Government of Canada to change the details of the qualifying rate, further reducing a person's ability to borrow funds.

So what should I do?

While I think it is worthwhile considering the advantages of going with a variable rate, even when interest rates are rising, ultimately, there is no right or wrong decision.

When selecting which option works best for you, consider factors such as your financial situation, ability to tolerate risk, and potential plans over the next few years.

Here is a list of questions I often ask clients to consider:

How long do you plan to live in your home?
How aggressively are you paying down your mortgage?
What percentage of your monthly income goes to housing costs?
Do you have room in your monthly budget to accommodate changes to your interest rate?
What is your ability to tolerate risk?

The only thing you can be sure will not hurt you is doing your proper due diligence, investigating the available options, and making an informed decision.

Above else, do not hesitate to consult a professional. Any advice from your mortgage broker or real estate agent comes at no cost to you, and we have your very best interests at heart.

I hope you found this article helpful. Do not hesitate to reach out if you are 'interested' in talking more about interest.

**Information sourced from RBC and TD Canada Trust July 14th, 2022.

The Main Mistake People Make When Buying Their Dream Home.

Why you might reconsider always trusting your first impression.

There are several mistakes people make when buying homes: searching for houses without being pre-approved for a mortgage; failing to have the home inspected before they buy; making an offer based on the asking price and not the market value.

But if you can believe it, one of the main mistakes buyers often make is placing too much value on their initial instincts.

Wait? You ask: Isn’t the first impression everything?

Well, yes and no. First impressions are definitely important. There’s a certain logic that tells us our instincts are reliable and that when we see ‘the one’, we’ll know it. This mindset has actually been cited as the single most influential factor in guiding people’s choice to buy, or not buy, a home.

Yet despite this fact, the ‘first impression’ approach to buying can be problematic. And, with so many people in Calgary buying homes right now, we think it’s important to debunk this myth — just a little bit.

The problem with the ‘trust your instincts’ approach is that buyer’s tend to see houses subjectively, and not objectively.

What does this mean?

Well, when a buyer visits a home they are susceptible to details that really do not have all that much to do with whether or not the home is the right fit for them. Things like, are the rooms messy or clean, has the home been staged, what color the walls are painted.

Bad decor choices or untidy rooms aside, some homes — although they may pique your ‘this is the one’ spidey sense — could actually suit your needs and offer you a structurally sound base to build off. Likewise, it’s not advisable to jump at a home just because you love the owner’s sense of decor!

Here’s a simple story that serves as a good example.

I once took a client to a home that checked all their boxes. But there were several holes in the walls, the carpets were stained, and the owner’s belongings were scattered everywhere. Before we’d even made it to the upper floor, my client wanted to leave. She was convinced this home wasn’t ‘the one’.

After several weeks of looking I convinced her to return to the home, except now the owner had moved out, the walls were fixed, and the carpets had been removed. Two days later, we closed on the sale.

What changed?

Well in my mind, nothing. In the client’s mind, everything.

The moral of the story is to trust your instincts, but to also trust your Calgary Realtor®. A hot Calgary real estate market can make you feel pressure to jump on the first home that even remotely sparks your interest.

Why you might reconsider always trusting your first impression.

Mon, 18 May 2026 13:14:14 GMT

There are several mistakes people make when buying homes: searching for houses without being pre-approved for a mortgage; failing to have the home inspected before they buy; making an offer based on the asking price and not the market value.

But if you can believe it, one of the main mistakes buyers often make is placing too much value on their initial instincts.

Wait? You ask: Isn’t the first impression everything?

Well, yes and no. First impressions are definitely important. There’s a certain logic that tells us our instincts are reliable and that when we see ‘ the one’, we’ll know it. This mindset has actually been cited as the single most influential factor in guiding people’s choice to buy, or not buy, a home.

Yet despite this fact, the ‘first impression’ approach to buying can be problematic. And, with so many people in Calgary buying homes right now, we think it’s important to debunk this myth — just a little bit.

The problem with the ‘trust your instincts’ approach is that buyer’s tend to see houses subjectively, and not objectively.

What does this mean?

Well, when a buyer visits a home they are susceptible to details that really do not have all that much to do with whether or not the home is the right ﬁt for them. Things like, are the rooms messy or clean, has the home been staged, what colour the walls are painted.

Bad decor choices or untidy rooms aside, some homes — although they may pique your ‘this is the one’ spidey sense — could actually suit your needs and offer you a structurally sound base to build off. Likewise, it’s not advisable to jump at a home just because you love the owner’s sense of decor!

Here’s a simple story that serves as a good example.

I once took a client to a home that checked all their boxes. But there were several holes in the walls, the carpets were stained, and the owner’s belongings were scattered everywhere. Before we’d even made i t to the upper floor, my client wanted to leave. She was convinced this home wasn’t ‘the one’.

After several weeks of looking I convinced her to return to the home, except now the owner had moved out, the walls were fixed, and the carpets had been removed. Two days later, we closed on the sale.

What changed?

Well in my mind, nothing. In the client’s mind, everything.

The moral of the story is to trust your instincts, but to also trust your Calgary Realtor®. A hot Calgary real estate market can make you feel pressure to jump on the first home that even remotely sparks your interest.

A good real estate agent is a master of looking at things objectively, so they can talk you down from overspending on an impractical home that “looks pretty” or help you see the hidden pluses of a home that doesn’t at first scream out that ‘this is the one’.

At the end of the day buying a home is a balance between instinct and reason, initial appeal and future potential, and first impressions and second visits.

Why don’t you let us help with that?

Trung Bien

There is no set equation to determine how you’ll reach an offer price. Rather, the process involves a range of research and comparison that will vary with each situation.

Mon, 18 May 2026 13:14:04 GMT

You’ll need to look at sales of comparable properties, and factor in additional data such as the condition of the property, the current market, and seller circumstances. With this information in hand, you will be able to determine a fair price range and, from there, establish the price you’re willing to offer.

Concentrate on the following areas to help you determine an offer price:

Comparable Sales

• Compare prices of homes that are similar to the property you’re considering in the following areas: number of bedrooms and bathrooms, square footage, lot size, type of construction, and garage space.

• The most comprehensive and in-depth information can be accessed through the Multiple Listing Service (MLS). Your Realtor, who will be working closely with you to set your offer price, can help you navigate this service.

Property Condition

• Observe how the property compares to the rest of the neighbourhood. Is it average, above average, or below average?

• Look at structural condition: walls, ceilings, windows, floors, doors.

• Pay close attention to: bathrooms, bedrooms, condition of plumbing and electricity.

• Also check the fixtures: light switches, doorknobs, drawer handles, etc.

• What is the condition of the front and back yards?

Home Improvements

• Cosmetic changes can be largely ignored, but any major improvements should be taken into account.

• Take special note of: room additions (especially bedrooms and bathrooms).

• Items such as swimming pools may be taken into account, but usually won’t affect your offer. Your Realtor can offer your guidance in these matters.

Market Conditions

• Seller’s Market:

A seller’s market is considered a “hot” market. This type of market is created when demand is greater than supply—that is, when the number of Buyers exceeds the number of homes on the market. As a result, these homes usually sell very quickly, and there are often multiple offers. Many homes will sell above the asking price.

• Buyer’s Market:

A Buyer’s market is a slower market. This type of market occurs when supply is greater than demand, the number of homes exceeding the number of Buyers. Properties are more likely to stay on the market for a longer period of time. Fewer offers will come in, and with less frequency. Prices may even decline during this period. Buyers will have more selection and flexibility in terms of negotiating toward a lower price. Even if your initial offered price is too low, Sellers will be more likely to come back with a counter-offer.

• Balanced Market:

In a balanced market, supply equals demand, the number of homes on the market roughly equal to the number of Buyers. When a market is balanced there aren’t any concrete rules guiding whether a Buyer should make an offer at the higher end of his/her range, or the lower end. Prices will be stable, and homes will sell within a reasonable period of time. Buyers will have a decent number of homes to choose from, so Sellers may encounter some competition for offers on their home, or none at all.

Comparable sales information helps you establish a price range for the home you’re interested in. Adding in the additional factors mentioned above will guide your decision of whether you consider a “fair” price to be near the upper or lower limit—or the middle—of that range. Keep in mind, this price should be the one you’d be happy with once all negotiations are said and done. The price you decide to begin with depends on your particular style of negotiation. Most Buyers begin the negotiation process with a number lower than the “fair” price they’ve come up with.

Budgeting for a new home can be tricky.

Mon, 18 May 2026 13:13:54 GMT

Budgeting for a new home can be tricky. Not only are there mortgage instalments and the down payment to consider, there are a host of other—sometimes unexpected—expenses to add to the equation. The last thing you want is to be caught financially unprepared, blindsided by taxes and other hidden costs on closing day.

These expenses vary: some of them are one-time costs, while others will take the form of monthly or yearly instalments. Some may not even apply to your particular case. But it’s best to educate yourself about all the possibilities, so you will be prepared for any situation, armed with the knowledge to budget accordingly for your move. Use the following list to determine which costs will apply to your situation prior to structuring your budget:

1. Purchase offer deposit.

2. Inspection by certified building inspector.

3. Appraisal fee:

Your lending institution may request an appraisal of the property. The cost of this appraisal is your responsibility.

4. Survey fee:

If the home you’re purchasing is a resale (as opposed to a newly built home), your lending institution may request an updated property survey. The cost for this survey will be your responsibility and will range from $700 to $1000.

5. Mortgage application at your lending institution.

6. 5% GST:

This fee applies to newly built homes only, or existing homes that have recently undergone extensive renovations.

7. Legal fees:

A lawyer should be involved in every real estate transaction to review all paperwork. Experience and rates offered by lawyers range quite a bit, so shop around before you hire.

8. Homeowner’s insurance:

Your home will serve as security against your loan for your financial institution. You will be required to buy insurance in an amount equal to or greater than the mortgage loan.

9. Land transfer (purchase) tax:

This tax applies in any situation in which a property changes owners and can vary greatly.

10. Moving expenses.

11. Service charges:

Any utilities you arrange for at your new home, such as cable or telephone, may come with an installation fee.

12. Interest adjustments.

13. Renovation of new home:

In order to “make it their own,” many new homeowners like to paint or invest in other renovations prior to or upon moving in to their new home. If this is your plan, budget accordingly.

14. Maintenance fees:

If you are moving to a new condominium, you will likely be charged a monthly condo fee which covers the costs of common area maintenance.

When preparing your property to show, work your way from the outside in.

Mon, 18 May 2026 13:13:46 GMT

It is essential that your home possess a certain “drive-up appeal.” Remember, a potential buyer’s first impression of your house is formed while s/he is still sitting in the realtor’s car. So, first you need to view your house from this perspective. Go stand on the opposite curb and observe your property. Compare it to surrounding properties. Concentrate on the following three areas:

Landscaping:

How does your landscaping measure up compared to the rest of the neighbourhood? If you guess it would rate below-average, make a few adjustments. You might want to consider buying some bushes and planting them around the property. Do not buy trees, however—mature trees are expensive, so you will not see a return on your investment. And immature trees don’t tend to significantly improve the immediate appearance of your home.

If the problem with your yard isn’t a case of too little greenery, but rather too much, get out the pruning shears. The purpose of landscaping is to complement the home, not hide it. Overgrown shrubs should be sheared to a height near the bottom of the windows. Remove any ivy clinging to the side of the house. Tree limbs should be high enough that you’re able to walk beneath. Trim any branches that bar the way.

Your lawn should be freshly cut and watered, and an even colour. If there are brown spots, make sure you begin to remedy this well in advance of putting the house on the market. You may want to re-sod areas, and you need to make sure these spots are given enough time to grow, so they will match the existing lawn. Also, if you decide to use fertilizer, you’ll want to allow enough time for it to take effect. Rake up any leaves or grass cuttings.

Planting a few flowers is an easy way to add colour and vibrancy to your yard, enhancing the first impression of your home. Invest in a full flat of mature, colourful flowers, such as petunias or periwinkles, which last the length of the growing season. Do not buy bulbs or seeds—they won’t necessarily grow enough by the time you begin showing to achieve the desired effect. If you don’t have an area in which to plant flowers, consider purchasing a few flower pots for your porch and planting flowers or blooming plants.

If you have a pool, keep it sparkling and leaf-free.

House Exterior:

When you view your house from across the street, does it appear weathered or faded? If so, it’s probably time to treat it to a fresh coat of paint. This is usually a sound investment; new paint can do wonders to increase a home’s perceived value.

Stay away from unusual or loud colours. The new colour should fit in with surrounding houses, and complement the style and structure of your house.

Examine the roof closely. Old or leaking roofs should be replaced. If there are leaks, you’ll have to disclose this detail to the homebuyer anyway, and they will want it replaced. If there isn’t any apparent damage, however, wait for word from the home inspector before making repairs.

The Front Door and Porch:

The front door and surrounding area should look particularly fresh and welcoming, as this will be the buyer’s first up-close impression as they enter the house. If you paint nothing else, at least give the door a new coat. Replace the doorbell if it is broken and polish the door fixture until it gleams. Wash the mail box. Keep the porch swept and buy a new plush door mat. All of these little things will contribute to the overall effect of a well cared-for and welcoming home.

Ensure the lock works smoothly and the key fits properly. When a homebuyer visits your house, the Realtor will open the front door with a key. You don’t want the buyers’ first experience to be of waiting on the doorstep while the Realtor fumbles with the lock.

Selling your home is a complex process that can be stressful and time-consuming.

Mon, 18 May 2026 13:13:36 GMT

An experienced Realtor has the knowledge, skills, and connections to help you through the process every step of the way. Consider the following benefits of working with a Realtor:

Professional Experience:

With knowledge and training in marketing strategy, negotiation tactics, and the workings of the current real estate market, a Realtor will be able to guide you through the steps of the home-selling process and be able to explain exactly what to expect. S/he will make you aware of your rights and responsibilities, work with you to strategize the best moves according to your own goals, discuss financing options, and point you in the direction of other specialized professionals who will aid you in different stages of the process.

Best Price:

Realtors have their fingers on the pulse of the current real estate market, and will know what comparable properties in your area are selling for. They have the resources and knowledge to establish the best asking price and to attract the highest selling price. With access to their company’s professional marketing resources and connections, they will ensure potential buyers are immediately made aware of your home and market the property to sell as quickly as possible and for the most money.

“Showcasing” Experience:

Your Realtor will know the importance of a property’s first impression. S/he will have experienced first-hand, for example, the impact a property’s “drive-up appeal” has on the rest of a potential Buyer’s experience of your home. Your Realtor will be able to offer you tips and information on how to get your home in the best selling shape possible, in order to sell your property quickly and for top dollar.

Access to Qualified Buyers:

Realtors save time and effort by dealing only with qualified buyers. They have access to a pool of pre-screened and pre-qualified buyers who are serious about buying a home in your neighbourhood. Realtors work hard to develop this base of qualified buyers which will become an invaluable resource for you.

Negotiation Skills:

Realtors serve many functions, but perhaps the most important is their role as primary negotiator on your behalf. Your Realtor realizes your goal is to sell your home as quickly as possible, and for the most money possible, and will work closely with you during the negotiation process to facilitate this goal. Realtors bring to the process the knowledge and skills to draw up legally binding contracts, to assist in negotiating offers and counter-offers, and to offer counsel and perspective as you work toward your selling goals.

The asking prices of most homes on the market indicate the current state of the market, and usually mirror the prices for which other similar homes in the area have recently sold.

Mon, 18 May 2026 13:13:27 GMT

In deciding upon a selling price, a home-seller must establish a balance between the desire to draw the highest offer and finding a price that will be reasonable enough to attract an appropriate pool of prospects, and competitive offers. While most selling agents counsel their clients to consider this equation when pricing their home, keep in mind that some homes are not properly priced.

It’s important to educate yourself about the current market before approaching the purchase of a home. The market will always influence a property’s value, regardless of the state of a home, or its desirability. Here are the types of market conditions and how they may affect you:

1. Seller’s Market:

A seller’s market is considered a “hot” market. This type of market is created when demand is greater than supply—that is, when the number of buyers exceeds the number of homes on the market. As a result, these homes usually sell very quickly, and there are often multiple offers. As a buyer, you need to consider that many homes will sell above the asking price; in other words, you may have less room to negotiate, and may encounter competing offers. Though most buyers want to get a home for the lowest price possible, reducing your offer could mean opening the door for another buyer instead.

2. Buyer’s Market:

A buyer’s market is a slower market. This type of market occurs when supply is greater than demand, the number of homes exceeding the number of buyers. Properties are more likely to stay on the market for a longer period of time. Fewer offers will come in, and with less frequency. Prices may even decline during this period. As a buyer, you will have more selection and flexibility in terms of negotiating toward a lower price. Even if your initial offered price is too low, the seller will be more likely to come back with a counter-offer, so you can begin the process of negotiation.

3. Balanced Market:

In a balanced market, supply equals demand, the number of homes on the market roughly equal to the number of buyers. When a market is balanced there aren’t any concrete rules guiding whether you should make an offer at the higher end of your range, or the lower end. Prices will be stable, and homes will sell within a reasonable period of time. You will have a decent number of homes to choose from, and may encounter some competition for offers on the home of your choice, or none at all.

Before you make an offer to purchase a home, establish whether the current market is a Buyer’s, Seller’s, or Balanced market. Also, evaluate the price similar properties have sold for in the area, and the length of time these properties spent on the market. Determine how the home you’re considering compares to these other sales. Is this one over-priced, under-priced, or a fair price? By establishing this information prior to making an offer, you will be in a position to negotiate the best price for the home and be prepared for any additional opportunities that may come your way.

Keep in mind, a realtor is trained to provide clients with this information about the market, helping you make the most informed decision possible. The right realtor will guide you through the ups and downs of the market and keep you up-to-date with the types of changes you might expect. These realtor resources and connections will prove to be invaluable as you navigate the real estate market.

The other main factors that affect market value are:

1. Location:

The proximity of the home to amenities, such as schools, parks, public transportation, and stores will affect its status on the market. Also, the quality of neighbourhood planning, and future plans for development and zoning will influence a home’s current market value, as well as the ways in which it might change.

2. Property:

The age, size, layout, style, and quality of construction of the building will all affect a property’s market value, as well as the size, shape, seclusion and landscaping of the yard.

3. Condition of the Home:

This includes the general condition of the home’s main systems, such as the furnace, central air, electrical system, etc., as well as the appearance and condition of the fixtures, the floor plan of the house, and its first appearances.

4. Comparable Properties:

Examine the selling and asking prices of similar homes in the neighbourhood. Ask your Realtor to prepare you a general market analysis of the neighbourhood you’re interested in, so you can determine a range of value for a particular property. A market analysis will provide you with a market overview and give you a glimpse at what other similar properties have been selling for in that area.

5. Market Conditions/ Economy:

The market value of a home is additionally affected by the number of homes currently on the market, the number of people looking to buy property, current mortgage rates, and the condition of the national and local economy.

Finding a real estate agent who is right for you requires doing a little homework, and asking the right questions.

Mon, 18 May 2026 13:13:15 GMT

Choosing an agent is a decision that could ultimately cost or save you thousands of dollars. Keep in mind the individual you choose will be handling almost every maneuver in the biggest financial investment of your life. Experience, interests, and expertise vary from agent to agent, so you should be asking very specific questions in order to align your own needs with the abilities of an appropriate representative.

Use the following list of questions as a guide to finding the agent that is right for you:

1. How long have you been involved in residential real estate in this area?

If the agent hasn’t been connected to the residential real estate market for several years, s/he will be out of touch with the cyclical nature of the current market. Your agent must be familiar with trends of the local market and have an eye for the ways in which it will change. This knowledge could mean the difference of thousands of dollars in the long-run.

2. What is your marketing strategy for my home?

A realtor should be able to lay out for you, in detail, a marketing plan to sell your home. Examine this plan carefully. How much money does the realtor allot to advertising? What type of media does s/he use? S/he should be able to demonstrate the effectiveness of one form of media over another, explaining why his/her particular marketing strategy will sell your home faster and for top dollar. The realtor should employ current, innovative marketing techniques that indicate creativity and a willingness to market outside of the box. Stay away from realtors who rely on traditional, dated forms of advertising. They simply won’t work in the current real estate market.

3. How do you support a buyer throughout the process?

A realtor should be able to indicate how s/he will support you through each step of the home-buying or selling process, offering you a unique system to suit your needs and goals. Also, ask if a specialist will be available at each level of the sale. Your realtor should always be on hand to answer questions, but the specific resources of an expert can be invaluable during different stages of the process.

4. What other properties has your company sold in my area?

The realtor should be able to provide you with a complete, detailed listing of their own sales in your area, as well as other comparable sales. You should get a clear idea of what you might be able to expect both from the realtor and from the current market.

5. What is your experience with financing options? How would you suggest I approach my own financing plan?

Each buyer requires a different financing strategy. A realtor should be able to suggest a plan catered specifically to your financial background and needs. Don’t just depend on your lender for information and guidance on financing a new home. Let your agent lead the way.

6. On average, how close is the selling price of your listings to their asking price, and how long do they take to sell?

You can contact the Real Estate Board to obtain information on the selling record of an agent. The Board also has statistics on a broader scale, so you can see whether an agent’s selling performance is higher or lower than the board average, and whether s/he tends to sell faster or slower than the board average. Placing the realtor’s performance on a scale will help you get an idea of how much you might expect your home to sell for, and how long it might take to sell.

7. What is your philosophy/method of negotiation and how will you apply it when selling my home?

Your realtor should be able to articulate effective and informed negotiation tactics that demonstrate a commitment to securing the best price for you.

8. Do you have a reference list of clients I could contact?

Do some homework! Choose a few names on the list and call them. The stories of others who have gone through the home-selling process can be a valuable source of information.

The pros and cons of the CMHC’s MLI Select program

Wed, 13 May 2026 05:47:59 GMT

Investing in a multifamily real estate project has been a goal of mine ever since I took my first crash course in real estate investing in 2006, 18 years ago! As a Realtor®, I’ve long seen the value of using real estate as an investment tool for building long-term wealth.

At the same time, working in a historic Calgary real estate market that’s seen unprecedented increases in home prices push homeownership out of reach for many Calgarian families, I recognize the growing need for affordable housing.

For this month’s blog, I’ve written a pros and cons style recap based on my recent experience investing in multifamily real estate with the Multi-Unit Mortgage Loan Insurance Select program (MLI Select) — a capitalistic approach to incentivize investors to build more affordable housing.

What is MLI Select?

More than just a mouthful, the Multi-Unit Mortgage Insurance Select program is an affordable housing initiative designed to incentivize investors to build rental housing units across Canada through attractive financing options.
In other words, MLI Select makes it easier — and more cost-effective — for investors to borrow money if they commit to building affordable homes.

How do they do this? Great question. Among other things, the program offers:

50-year amortization periods - extended repayment periods mean lower monthly payments, making it easier to manage and generate positive cash flow.
Competitive fixed interest rates - fiscally attractive and predictable rates provide stability for investors in a volatile interest rate environment.
95% loan-to-value (LTV) — a fancy way of saying you only need to put down 5% equity, meaning minimal capital I invested into the project.

In exchange for these attractive financing options, investors agree to meet specific standards to ensure affordability.

Projects must be a minimum of five units, with two primary commitments: that 25% of units in the project must be rented below market rates, and rent increases are capped at the Consumer Price Index (CPI).

The Upside

From a big-picture perspective, MLI Select is a market-based approach to addressing Canada’s housing crisis — essentially kick-starting the supply of affordable homes by encouraging developers and investors to build rental units, which are sorely needed not just in Calgary but all over the country.

In addition to helping meet demand, a market-based approach also lowers the burden on municipal and other levels of government to address the crisis solely through government housing projects funded by precious tax dollars.
From the investor's perspective, there’s no denying the appeal of financing conditions that can help you turn minimum equity into maximum opportunity.

With only 5% equity required, investors can take on a cash-flow-producing asset without tying up too much capital in the long term. Plus, financing terms allow investors to fund the construction process without taking on the mortgage costs until completion.

MLI Select also features a point system that combines insurance incentives with affordability, energy efficiency, and accessibility commitments. So, the more commitments you make, the more points you earn, and the more attractive the financing conditions.

The Downside

While MLI Select does appear to be working as a bonafide tool for stimulating affordable housing with a promising return for investors, it’s not for the faint of heart - especially if you’re a comparatively small fish playing in a big pond.
More difficult challenges smaller or mid-level investors must navigate are slow construction draws and longer project timelines, which means you have to use much of your own upfront capital to pay contractors and construction costs while waiting for financing to come through.

Combine that with rising administration costs for brokers and permit fees and time spent negotiating and jumping through bureaucratic hoops, and you’re looking at a long-term commitment that’s both time—and cash—intensive.
There are also restrictions on selling. Investors cannot sell during the mortgage term and must wait until renewal periods. This limits flexibility if market conditions change or you need to sell the asset due to some unplanned or unforeseen scenario.

For all these reasons, qualifying for MLI Select is no walk in the park either, with personal net worth requirements, experience in construction and property management stipulations and personal guarantees mandatory on loans.

Would I do it again?

Despite challenges in execution and many of the above-noted challenges, our project was ultimately a success, and I learned about the multi-family construction process and cash-flow management. But would I do it again?

Regardless of whether it’s investing in a rental home or a more extensive project like this one, I try to approach all investments with a balance of openness and caution.

In today’s market, I would have some reservations about starting a new project when inventory levels are rising and land prices are at all-time highs in Calgary. However, I’ve also learned that taking risks during uncertain times can pay off—as it did for me this time around.

The key to success in real estate is finding the right opportunity. And while I wouldn’t rush into another project, I’ll be actively looking for the next deal that has the potential to be as rewarding as this one.

In conclusion, the MLI Select program opened the door to multifamily real estate ownership for me. It wasn’t an easy process, but it was worth it. If you’re willing to navigate the challenges, the rewards are there to be had.

Want to speak to one of our team members more about this topic? Send us an email or give us a call. We’d be happy to chat with you.

Valuable tips for buyers in a seller-driven Calgary real estate market

Wed, 13 May 2026 05:38:15 GMT

Here in Calgary, we’re navigating through an extended period of an incredibly competitive, seller-driven real estate market.

What does that mean? Simply put, the seller holds the upper hand. Higher levels of migration coupled with record-low housing inventory mean demand outweighs supply, prices are soaring, and competition among homebuyers can be fierce.

In such scenarios, being a successful buyer requires more than just luck; it demands strategy, patience, and a keen understanding of the market dynamics.

Here are some essential tips to help you thrive as a buyer in a seller's paradise:

Financial preparation and market knowledge are key

In a competitive market, having your finances in order and staying current on relevant market information can give you a significant edge over other buyers.

Get pre-approved for a mortgage to demonstrate your financial readiness and ability to close the deal swiftly. If you already have mortgage approval ready, ask your lender if they are ok without a financing condition or for financing that can be approved in 5 business days or less.

In addition, arm yourself with knowledge about the specific market conditions for your price point and product type. For example, homes under $800,000 in Calgary are moving faster and experiencing more upward pressure than homes in the luxury market.

Set realistic expectations

In a seller's market, you might not get everything on your wish list.

Prioritize your needs versus wants to streamline your search and increase your chances of finding a home that meets your needs. Be prepared to compromise on certain features or locations or accept minor repair or maintenance items as-is.

You’ll also want to search for homes below your maximum pre-approval price, as many listings sell for over the list price. Check the comparables for listings you're interested in, and be prepared to pay a bit higher than the last comparable sale.

With these expectations in mind, you can narrow in on homes within your price range that you can make strong offers on.

Act quickly but wisely

Acting quickly doesn’t just mean being ready to make an offer fast. It also means making yourself readily available to look at homes.

Setting up instant notifications with searches and don’t delay or skip on opportunities to view a property you're keen on.

When you find a property that ticks most of your boxes, don't hesitate. In a seller's market, desirable properties often receive multiple offers within days, if not hours.

However, rushing into a decision without due diligence can lead to regrets later. Though not all home inspectors will do them, scheduling a quick home inspection during a showing can give you such peace of mind to act quickly and decisively.

You want to strike a balance between speed and thoroughness.

Adopt a play-to-win instead of a play-not-to-lose mentality

In a competitive market, lowball offers rarely succeed, and it may take a few offers to close the deal.

Embrace a play-to-win mindset by working with your real estate agent to craft a compelling offer that stands out. This might include offering above the asking price, minimizing contingencies, or being flexible with the closing timeline.

Consider using an escalation clause, which allows buyers to increase their offer by a specific amount if the seller shows their highest offer. However, as these give buyers the last right of refusal, sellers may not always be open to them.

Make it personal

Though real estate can feel like dog-eat-dog, many times, establishing a personal connection can make a difference.

Penning a heartfelt letter with an attached personal photo, expressing your admiration for the seller’s home and explaining why it's the perfect fit for you or your family can tug at heartstrings and sway their decision in your favour.

Also, have your Realtor® communicate to the listing agent that you will be easy to work with and try to make the deal as smooth as possible.

Work with a skilled agent you trust

Working with a seasoned real estate agent may be your greatest asset in navigating a seller's market. An experienced agent will bring market expertise, negotiation skills, and access to off-market listings, giving you a competitive advantage in your home-buying journey.

In a seller-driven market, success as a buyer hinges on your ability to adapt, strategize, and stay resilient amidst stiff competition, and a good Realtor will help you with all of that.

Following these tips and maintaining a positive mindset can increase your chances of securing your dream home, even in the most challenging markets. Remember, patience and perseverance are key virtues in the pursuit of homeownership.

Want to speak to one of our team members more about this topic? Send us an email or give us a call. We’d be happy to chat with you.

How to Hack Your Vacation-Home Dream into a Reality.

Tue, 12 May 2026 17:51:38 GMT

There’s nothing quite like having a personal retreat or home away from home that you can call your own. Who wouldn’t want to own a place to relax, recharge, and create cherished moments with family and friends anytime you want?

But how do you make it happen?

Most people consider vacation home ownership a luxury — something they dream of and save for but ultimately feels a little out of reach. It’s undoubtedly true that owning a vacation property can be luxurious and that you should always strive to make sound purchases within your financial reach.

However, if you are a homeowner looking to invest in something new or are currently reconsidering your investment options, there are ways to hack vacation home ownership from a luxurious pipe dream into an investment reality.

Offset the Costs of Vacation Home Ownership With Rental Income

We get it. When you envision your dream vacation home, you might not have pictured other people staying there. But chances are, your dream spot is probably someone else’s too.

Purchasing a vacation home that can double as a rental property when you are not using it is a super effective way to generate income and help offset the often prohibitive ownership costs of owning a vacation property.

Here in beautiful Alberta, where we have spectacular mountain settings that draw in tourists from around the world all year round, there are many opportunities to invest in vacation homes that also serve as excellent rental properties.

It’s also worth noting that since COVID, vacation home destinations like Canmore or Banff, have seen the highest price appreciations in Alberta. Popular vacation destinations such as these create high-demand rentals that allow you to earn significant investment returns in the long term.

Finding the Right Vacation Rental Property

When investing in a vacation rental home, considering features that allow you to monetize the property is essential.
Research market trends and consult a Realtor®. You will want to hone in on sought-after and desirable areas with growing markets where your investment may yield long-term financial gains.

In addition, details like curb appeal for potential renters, access to nature or nearby amenities, and whether or not the property is zoned for short-term rentals are all crucial considerations.

Familiarize yourself with local rental regulations and zoning laws. Some areas have restrictions on short-term rentals, limiting your ability to rent out the property for shorter durations (typically 30 days or less). Ensure compliance with local codes before finalizing your investment.

If you’re willing to be strategic about location and timing, it’s possible to find a great vacation property that serves your needs, increase your quality of life, and generates income at the same time,

Ensuring Long-Term Success

Vacation rental ownership is still home ownership, not a passive revenue stream.

Like all real estate assets, somebody must maintain the property to hold its value. Owning a vacation home entails various expenses, including mortgage payments, property taxes, insurance, maintenance costs, restocking supplies and buying furniture. It's crucial to factor in these ongoing expenses when considering the financial viability of the investment.

You’ll also want to consider seasonal demand. Plan for the future and ensure you have a rainy day fund that can insulate you against rental challenges such as ‘black swan’ events like COVID-19, where tourism of demand can temporarily come to a screeching halt.

Last but not least, effective management is key. You can save up to 30% of your gross revenue by forgoing a management company and handling management yourself. Still, you must ensure an exceptional guest experience to get the most out of your rental property. Achieving good reviews and ensuring quick response times will allow you to charge more and increase your SEO ranking on popular sites like Airbnb and VRBO.

Conclusion

Investing in a vacation home can offer a unique blend of personal enjoyment and financial opportunities.

By considering the pros and cons, conducting thorough market research, and implementing smart management strategies, you can maximize the potential of your investment property and own a dream vacation property for you and your family to enjoy.

Think you’re ready to invest?

If you need help, advice, or assistance finding the right property, don’t hesitate to reach out!

Enhance Your Lifestyle and Increase Property Value

Tue, 12 May 2026 17:49:52 GMT

Summer is here! And what better time to embrace the outdoors and transform your backyard, patio or garden into a captivating outdoor oasis?

Whether hosting a barbecue, enjoying a quiet evening with a book, or entertaining friends and family, a well-designed outdoor area provides endless joy and relaxation and increases resale value.

Here are some ways to spruce up your outdoor space to maximize functionality, lifestyle, and value.

Vision Before the Mission

Before diving into any outdoor project, start by mapping out your vision. Consider what you want from your space and how you intend to use it. Do you want a cozy retreat, a seasonal garden, a vibrant entertainment space, or a combination of things?

When planning, make sure you also take into account the balance between design, function and maintenance. We tell clients to ask themselves how much time they want to spend enjoying their yard vs. working on it. Specific design features, like a beautiful backyard garden, can add a lovely visual aesthetic but require much work to maintain.

For adaptability and resale value, functional outdoor spaces that can be multi-purposed are always the best bet. Think long-term. Building a deck that takes up your entire yard and leaves no grass space (and vice versa) might serve your interests now, but that could change if you have children or decide to sell the property.

Key Features to Consider

No matter the size of your outdoor space or what neighbourhood you live in, there are some key features to consider when designing:

Landscaping and Greenery

The simplest way to enhance your backyard, a well-maintained landscape sets the foundation for a beautiful outdoor living area. Consider low-maintenance options such as native plants or drought-tolerant species to save time and water.

Outdoor Furniture

Arrange seating areas strategically, keeping in mind the flow of traffic and the focal points of your outdoor space. Consider adding a dining set, lounge chairs, hammock, or cozy outdoor sofa to cater to different activities and relaxation needs.

Shade and Shelter

Shelter from the elements is a must. Install a retractable awning or pergola to provide relief from the sun's rays. Enhance your space by adding outdoor curtains, sun sails, or a well-placed shade tree.

Privacy Features

Great for resale value and even better for your comfort, creating additional layers of privacy through the use of lattices and privacy screens or planting trees is a welcome addition to any outdoor space.

Outdoor Lighting

Nothing brings an outdoor space to life at night like good lighting. Create a magical ambiance with soft string lights, lanterns, or solar-powered LED fixtures. Not only does lighting enhance the aesthetics of your space, but it also increases security.

Remember, Climate Counts

While designing any outdoors in Alberta, it’s essential to consider the climate. Rather than building multiple spaces at once, we suggest starting with just one. This will keep costs down and allow you to consider opting for high-quality finishings and durable building materials, such as composite decking, that can withstand winter weather conditions.

Don’t forget that there are still opportunities to use your outdoor space throughout the off-season. The addition of propane heaters, fireplaces, or a well-designed shelter can make the patio a comfortable place to sit on a fall evening or spring afternoon.

Here in Calgary, where we are the benefactors of chinooks, an easy-to-shovel pad around a fire pit, a covered barbecue area, or easy-to-access storage spaces for outdoor furniture can make it easier to pop outdoors for a bit during those welcome bursts of warmer winter weather.

In Summary

With creativity and planning, you can transform your backyard, patio, or garden into a beautiful outdoor oasis that reflects your personal style and enhances your living experience.

But remember to consider additional factors like:

How much time you want to spend working in your outdoor space versus enjoying your outdoor space;
Your plans for the home in the next three to five years;
Flexible designs that are adaptable and add resale value;
The impact of climate on design materials and choices.

Let your imagination run wild, and….don’t forget to have fun!

Trung Bien, Team Lead at Trung Bien Real Estate Team, offers key insights into how you might invest your hard-earned dollars.

Tue, 12 May 2026 17:49:45 GMT

Where does a Realtor® invest their money?

It’s a good question, and I can’t speak for other Realtors®, but for myself, surprise, surprise…the answer is: primarily real estate. It sounds typical that a real estate agent says they mainly invest in real estate, but let me explain further.

Firstly, let’s be clear that by investing in real estate, we’re not talking strictly about homeownership but rather how you invest the money left over after paying for your home and your fixed monthly expenses.

When you consider it this way, there are many different places you could choose to invest your hard-earned dollars: stocks, bonds, mutual funds and ETFs, tax-free or high-interest savings accounts and GICs, start-up companies etc.

So what is the merit of investing your money in real estate versus, say, putting it all into the stock market or some other asset?

The Value of Real Estate as a Place to Invest Your Money

While I do invest in the stock market and like to take risks so that my money is working for me, with a family, my risk tolerance is lower. Cashflow rental properties are a safe and stable place to get your money working for you without taking on the higher level of risk that other investments might have.

Why is this?

Unlike stocks and bonds, real estate is a physical asset not devalued by inflation. In fact, real estate values usually increase as inflation goes up. Simply put, your real estate investments will likely grow alongside the cost of living.

This also makes real estate an ideal investment for people who want to preserve their wealth long-term and hedge against inflation because the equity in your real estate investment can provide a buffer against other assets that may have lost their value, especially in the current climate, where real estate values in Calgary have outpaced record-high inflation numbers.

It’s worth mentioning that when I look back at where I’ve seen the most sustainable gains in my net worth, the majority resulted from cash-flow-producing real estate and not the stock market.

Who Doesn’t Like a Three-course Meal?

A great way to think about investing in real estate is like a three-course meal that pays off in multiple ways.

For the Main Course: Mortgage Paydown

Meals don’t typically start with the main course, but this one does. The mortgage paydown, month over month, year over. You’re responsible for the down payment and the risk of taking on a mortgage, but someone else pays down the mortgage and the cost of borrowing the money to purchase the asset. As Thomas Beyer suggests, you will get rich and fat on the main course alone.*

The Appetizer: Positive Cash Flow

A positive cash-flow property is one where the annual cost of ownership does not exceed the rental revenue received, generating a passive source of income for the investor, with the added benefits of writing off many expenses for supplies and maintenance on their tax return. Remember that, like an appetizer, positive cash flow is appreciated but not required (breaking even is okay) because you are feasting on the main course.

The Desert: Equity Appreciation

Like an appetizer, dessert makes a great addition to a meal but is not required for you to feast. While it is speculative that real estate values will increase, historically, we know they generally do. The equity which accrues from owning the property over time is the bonus you receive for investing in the asset over and above what you have earned from the main course.

What Kind of Properties Should You Invest In?

Generally speaking, you want to ensure you invest in properties where you can turn a positive cash flow.

I like to focus on purpose-built rentals (homes/apartments built strictly for the purpose of renting) and new homes. Not only do tenants like the feeling of renting a new home, but you can charge more for rent and generally tend to attract better tenants. In addition, you’re looking at minimal maintenance costs in the first five years minimum.

Another option is purchasing a property you can rent out on Airbnb and then potentially use as a personal vacation property when it’s not being rented. Airbnb properties earn higher revenue but take more time and effort to manage.

Ultimately, don’t rush your investment. Do proper market research, and see which neighbourhoods or areas in your region are in high demand. Right now, for example, Canmore is a great place to invest. With the increased demand for rentals, low supply, and a steady flow of national and international tourists, Canmore has seen some of the highest price appreciation in Alberta over the last few years.

Need More Advice?

One thing that makes us unique at Trung Bien Real Estate Team is that we’re not just Realtors®; we’re real estate investors, inner-city developers and project managers with years of industry experience.

I learned most of what I know about investing in real estate before I became a real estate agent while working as a real estate investor. I’m not ashamed to say I made plenty of costly mistakes, have learned from them, and now use that knowledge when helping clients avoid stepping into the same pitfalls I did as a newbie investor.

If you’ve got a question or need help determining what kind of property would be the best real estate investment, don’t hesitate to reach out.

Source: https://www.prestprop.com/2014/07/18/real-estate-three-course-meal/

How to determine real value when buying or selling a Calgary home.

Tue, 12 May 2026 17:49:33 GMT

It’s not uncommon for sellers to come to us with misconceptions about their home's true market value because they’ve just received their City of Calgary property assessment.

But many buyers and sellers are surprised to find there is often a notable difference between the assessed value of their home and the market value that a professional Realtor® estimates.

So which appraisal method is the right one to use when buying or selling a house, and what accounts for the discrepancy?

Let’s take a closer look.

The Difference between Assessed Value and Market Value

First things first, let’s outline the difference between assessed value and market value.

The assessed value of your home is the amount the city determines your home is worth for the sole purpose of collecting taxes you must pay for owning the property.

Calculating assessed values allows the city to make probable forecasts about the revenue it will collect from property taxes based on shifts in the real estate market.

On the other hand, market value is how much your home is worth on the real estate market today. True market value is decided by the amount a buyer is willing to pay and at what price a seller is willing to sell for at any given point in time.

Not surprisingly, market values typically vary from assessed values.

Why are there always discrepancies between the assessed value of a home and the real market value?

When you consider how the city assesses home values, it’s no surprise we see discrepancies between the assessed value and market value.

To determine the value of your home, the city uses a mass appraisal method, which evaluates the value of a larger group of houses as of a specific date based on sales comparisons in your neighbourhood — in Calgary, July 1st of the previous year.

When using the mass appraisal method, the city does not look at all property-specific things that make your home unique to other homes in the area: important details like curb appeal, sale-ability, upgrades and renovations.

When a Realtor® helps you price your home, they determine current market value based on these considerations and more recent history (90 to 180 days) of comparable sales in your area.

If you really think about it, true market value (the exact price a buyer is willing to pay and seller is willing to sell) is almost the opposite of mass appraisal.

No wonder there’s a difference!

So what does the city assessment mean for you as a home buyer or seller?

We generally tell clients not to place too much stock in assessed value. Unless they’re trying to determine how much they’ll need to budget for property taxes.

Realistically speaking, when given a chance to pay fewer taxes, most homeowners aren’t calling the city to challenge the assessment because it was too low.

The bottom line is that if you are considering selling a Calgary home, don’t be attached to the most recent valuation on your property assessment.

If you’re looking to determine the real market value of your home based on current conditions, give us a call. We’d be happy to help!

In a Balanced Market, Success Comes Down to What You Control

Tue, 12 May 2026 17:49:26 GMT

If home isn’t selling in Calgary’s current market, the first instinct is often to point to the headlines: interest rates, inventory shifts, seasonal slowdowns, or broad national and U.S. market stories that don’t always apply to Calgary’s local dynamics.

While these factors certainly drive overall buyer behaviour, in a balanced market, success doesn’t come down to luck or timing alone. It also depends heavily on execution and understanding the difference between what you, as a seller, can control and what you can’t.

In this month’s blog, we break down the nuances of pricing and presentation to give sellers a clearer sense of how to maximize the value of their property and sell faster in today’s market conditions.

What Calgary Buyers Evaluate vs. What You Control

Generally speaking, when buyers assess a property, they consider a wide range of intersecting factors:

Overall condition
Layout and size
Features and upgrades
Location
Broader market conditions
Interest rates
Price

As a seller, many of these factors are outside your control.

For example, you cannot change your location or influence mortgage rate decisions any more than you can reduce city-wide inventory levels or shift buyer confidence across the Calgary real estate market.

However, though these forces shape the environment, they do not determine your outcome entirely on their own.
In every market cycle, two levers remain firmly in the seller’s hands: price and presentation. When those two are aligned with current conditions, generally homes will sell faster. When they are not, sales tend to stall.

Let’s break this down further.

Making Sure Your Price is Right

Calgary’s 2026 market is balanced, not broken. In other words, buyers behave more deliberately and have more selection and time to negotiate. Homes that are priced accurately and presented professionally are selling. Homes that are not are sitting on the market longer.

As a seller, price is the dominant factor that lies firmly within your control.

In a balanced market, the first two weeks are critical. That initial window generates the highest visibility and the strongest leverage. Launching too high to “test” the market often means sacrificing that momentum.
In determining the right price, avoid these pricing pitfalls:

1. Pricing for Yesterday’s Market

Between 2022 and early 2024, Calgary experienced strong appreciation and competitive demand. In that environment, even slightly optimistic pricing could be adjusted quickly if there was a demonstrated lack of interest without serious consequences. That is no longer the case.

Today’s buyers are informed and comparison-driven, have more choices, and are watching for price reductions. If your list price is anchored to last year’s peak instead of this quarter’s reality, buyers do not negotiate upward. They simply move on.

2. Emotionally Anchoring to Past Peaks or Property Investments

Closely related to the temptation to price to yesterday’s market is perhaps the most subtle obstacle: emotion-based expectations. It is understandable why you might feel your home is worth what your neighbour achieved at the height of the market. Or, to want to price your home to recoup the money you invested over the years.

But unfortunately, markets do not reward sentiment. The question is not what the home meant to you, or what you feel it should be worth. It is what today’s buyer is willing to pay, relative to what recent comparables in your area indicate about your home’s value.

Pricing accurately is not about leaving money on the table. It is about protecting your strongest negotiating position.

Presentation, Presentation… Presentation

In a competitive environment, presentation supports price. Without a proper presentation, buyers quickly discount the home's value in their minds.

Like price, how you present your home is a factor that is within your control.

We can’t stress enough that buyers want to visualize themselves living in their new home, not yours. Presentation is one of the most effective ways to reinforce your property's value and justify your asking price.

1. Aim for Strong Curb Appeal in a Market With Options

When inventory rises, buyers become selective. Small visual signals can have an outsized impact. Peeling trim, tired landscaping, dated exterior lighting, smells or odours, or minor deferred maintenance can subtly suggest larger issues. Whether fair or not, perception drives negotiation.

Often, the highest-impact improvements are simple:

Pressure washing exterior surfaces
Fresh paint on the front door or trim
Clean landscaping and defined edges
Replacing dated exterior fixtures

In the winter, ensure walks are shovelled and driveways are cleared of snow and ice to allow easy access.

2. Unpolished Marketing and Amateur Execution

Buyers shop online first. If your home does not stand out digitally, it will not generate showings. We still see listings with:

Dark or poorly composed photos
Cluttered or unstaged rooms
Minimal property descriptions
Limited exposure through discount or for-sale-by-owner platforms

In a seller’s market, an average presentation might still work. In a balanced market, it rarely does.
Professional photography, thoughtful staging, and strategic exposure are not luxuries. They are baseline expectations. When a presentation feels rushed or unpolished, buyers assume the home may be as well.

3. Maximize ROI with Smart Upgrades

Contrary to what many sellers believe, you don’t have to invest a fortune to make smart upgrades that increase the value of your property in the buyer’s eyes. Cost-effective improvements help you maximize value without over-investing in areas that may not provide a strong return.

Paint touch-ups
Flooring repairs or replacement
Kitchen upgrades, such as swapping outdated hardware for neutral, modern options that can provide a quick refresh
Swapping outdated lighting fixtures for modern designs to elevate the overall feel without a significant investment

Read our previous blog on “Maximizing ROI with Smart Upgrades” here.

4. Create a Showhome Feel to Attract Buyers

Creating a clean, neutral, and hotel-like environment, similar to what you might do when renting your home on Airbnb, helps potential buyers visualize their future in the space.

Deep clean
Declutter and pre-pack
Neutral design and decor

Representation Counts More than Ever

Balanced markets distinguish transactional or formulaic processes from strategic approaches.
An experienced Realtor does more than place a sign on your lawn and upload photos to MLS. They analyze absorption rates, monitor competing inventory, interpret buyer feedback in real time, and adjust strategy before small issues become larger price reductions.

In today’s environment, overpromising on price to win a listing can cost sellers weeks on market and eventual reductions that erode negotiating power. An experienced agent provides honest guidance from the start, even when the conversation is difficult. That clarity protects your momentum and positions your home competitively from day one.

Strong representation also means disciplined execution. It means knowing when to hold firm, when to adjust, and how to structure negotiations to protect your bottom line. In a balanced market, that level of strategic oversight can be the difference between a reactive sale and a controlled one.

Final Thoughts

If your Calgary home isn't selling, the issue is rarely a single, dramatic factor. It is usually a combination of pricing, presentation, and positioning that needs refinement. You cannot control interest rates or broader market conditions. You can control how your home competes within them.

In 2026, sellers who focus on what they can control and execute with discipline are still achieving strong results. In a balanced market, success is not about hoping the market shifts. It is about positioning your home to lead within the market that exists today.

If you are preparing to list your home, we would be happy to review your pricing, presentation, and overall strategy.
Sometimes, a few strategic adjustments can make all the difference.

Get in touch with us now.

A Look at What Affordability Really Means in Today’s Balanced Market

Tue, 12 May 2026 17:49:19 GMT

After strong home price appreciation between 2022 and 2024, Calgary’s housing market has moved into more balanced and buyer-leaning conditions. Benchmark prices are no longer rising at the same pace and, in some segments, have flattened or softened.

Generally speaking, market stability supports affordability because buyers are not competing in the same urgency-driven environment seen in prior years. However, prices have not returned to pre-growth levels, and first-time entry into the market still requires meaningful capital and qualification under today’s lending standards.

As a result, many potential first-time buyers, as well as those considering a move to Calgary, are wondering whether the city remains affordable to buy a home.

Read on as this month’s blog breaks down how wages, interest rates, and home prices intersect in 2026, and what that means for affordability at the household level.

Calgary’s Comparative Affordability

In a national context, Calgary remains more affordable than most major Canadian cities. Real estate prices here are still considerably lower than in Toronto and Vancouver, making Calgary appealing to prospective buyers from those markets.

What might purchase a small two-bedroom apartment in downtown Toronto can still secure a reasonably sized single-family home with a backyard in many of Calgary’s desirable suburban neighbourhoods.

Calgary’s relative affordability also extends beyond housing. With lower costs for everyday expenses such as gas and insurance, comparatively lower property taxes, and no provincial sales tax, the overall cost of living remains more moderate than in many other large Canadian cities.

Affordability: It’s Not All Relative

While Calgary real estate may be relatively affordable compared to other metropolitan centres, that does not necessarily mean it feels affordable for the average Calgarian household or first-time buyer.

When affordability is reduced to a simple comparison of average home prices between regional markets, important factors are often overlooked.

At the household level, affordability depends on:

Income stability and growth potential
Down payment capacity
Existing debt obligations
Interest rate sensitivity
Long-term ownership plans

From this perspective, two families earning similar incomes can experience very different levels of financial comfort depending on savings, lifestyle choices, and risk tolerance.

Wages and Employment: The Real Pressure Point

Alberta continues to benefit from economic diversification across energy, industrial development, logistics, and technology. Employment growth remains a relative strength compared to many provinces.

Yet wage growth in the province has not kept pace with housing appreciation over the past several years. This is where affordability tension builds.

When incomes grow gradually, and home prices rise more quickly, housing becomes more expensive for residents, even if the city remains affordable compared to other metropolitan markets or is currently experiencing balanced conditions.

This dynamic is particularly noticeable for first-time buyers entering without existing equity, compared with move-up buyers who have accumulated appreciation and often experience the market differently.

Interest Rates: Predictable but Not Ultra Low

Borrowing costs have stabilized compared to the volatility of 2022 and 2023. That stability allows buyers to plan with greater confidence. Monthly payment projections are less exposed to sudden shifts.

However, rates remain higher than the historic lows experienced during 2020 and 2021. Even small differences in interest rates significantly impact purchasing power. A change of one percentage point can alter affordability more than many buyers anticipate.

Today’s environment is not as restrictive as the peak tightening period, but it still demands careful budgeting and realistic expectations.

Affordability by Property Type: Calgary’s Condo Question

Affordability also varies significantly by property type, and this is where Calgary’s market differs from those of some of Canada’s largest cities.

Detached homes typically require larger down payments and higher carrying costs. They have historically delivered stronger long-term appreciation in Calgary, supported by steady demand and the underlying value of land. The financial barrier to entry is higher, but the long-term performance has generally been more consistent.

Condos, by contrast, offer lower initial price points and can appear more affordable on the surface. For many first-time buyers, they represent the most accessible entry into homeownership. However, Calgary’s condo market has long been more sensitive to supply cycles. Unlike highly land-constrained cities such as Toronto or Vancouver, Calgary continues to add higher-density inventory at a steady pace. That ongoing supply can limit upward price pressure and reduce the long-term appreciation potential that some buyers expect.

Buyers considering a condo must account not only for mortgage costs, but also for condo fees, potential special assessments, and segment-specific supply conditions that can influence resale value over time. While condos may be cheaper upfront, they do not always offer the same promise of appreciation that detached homes have historically provided in this market.

So, Is Calgary Still Affordable?

We often tell clients that affordability is not a city-wide news headline. It is a personal calculation that must reflect your income, savings, debt levels, and the type of property you are considering.

Affordability in 2026 is not about chasing a market upswing or timing a correction. It is about sustainability. In a balanced market, prices may have stabilized, but that does not mean homes are inexpensive. The question is not simply whether Calgary is affordable in general, but whether a specific property type fits comfortably within your financial framework and long-term goals.

Stable prices and moderated demand create a more disciplined environment. That environment rewards buyers who:

Understand their monthly payment limits
Maintain liquidity after closing
Stress test their budget against potential rate changes
Align their property choice with their long-term financial goals

Final Thoughts: Affordability Is Personal

In 2026, affordability is less about what the market is doing and more about how your finances align with both current pricing and the type of home you choose.

If you are evaluating whether buying makes sense this year, the next step is not to focus on headlines but to review your numbers carefully. We would be happy to walk through current pricing, lending conditions, and how different property types may affect your long-term financial position.

Because in today’s Calgary market, affordability is not about comparison. It is about clarity, strategy, and confident decision-making.

Get in touch with us today!

What CREB’s Outlook Means for Buyers, Sellers, and Investors

Tue, 12 May 2026 17:49:12 GMT

Each year, the Calgary Real Estate Board (CREB®) releases its annual forecast to help homeowners, buyers, sellers, and investors understand where the market is heading.

The 2026 CREB® Forecast Report, prepared by Chief Economist Ann‑Marie Lurie, confirms what many Calgarians, and many of our recent clients, have already begun to observe on the ground: the market has shifted, moving away from the tight, seller‑driven conditions that defined much of 2022 through 2024.

Now firmly in a period of balanced-to-buyer-leaning conditions, the Calgary real estate market is being shaped by higher supply and more measured demand, which varies widely by property type.

So what does this mean for you? Follow along below, as we break down the most important takeaways from the 2026 forecast, and what they mean specifically for Calgary homeowners and investors.

The Big Picture: A More Balanced Market Takes Shape

Heading into 2026, Calgary’s real estate market is no longer being defined by urgency or scarcity. Instead, it is settling into more balanced conditions, a notable shift from the seller‑driven environment that characterized much of 2022 through 2024.

At a high level, two forces are driving this change: demand is slowing, while supply is steadily rising.

On the demand side, both population growth from record-high levels of immigration and employment gains are moderating, bringing buyer activity closer to long‑term averages. Sales are forecast at approximately 22,200 transactions in 2026, slightly below recent years (although not out of step with historical norms), reducing the competitive pressure that previously pushed prices higher.

At the same time, supply has expanded meaningfully. Across resale, new construction, and rental inventory, more homes are coming to market, particularly as projects started during the recent building surge enter the market. In 2025 alone, Calgary recorded over 26,000 housing starts, many of which are now adding to available inventory.

The forecasted impact on home prices is pretty straightforward: overall benchmark prices are expected to decline modestly in 2026 (‑0.9%), with notable variations by home type and market segment.

Looking at the Specifics: How Each Market Segment Is Affected

While the overall market is moving toward balance, the impact of these conditions, and what they mean for you, varies significantly by property type. Here’s how CREB® expects the major segments to perform in 2026:

Condos & Apartments face the most pressure. Inventory reached record highs in 2025, and additional supply from both new condo completions and purpose‑built rentals is expected to weigh on the segment again in 2026. CREB® forecasts apartment benchmark prices to decline by approximately 3.5%, with sales remaining below recent highs as rental availability improves.

Row Homes are also expected to see continued softening, though at a slower pace than apartments. CREB® forecasts an additional 1.9% price decline in 2026, largely driven by elevated inventory in certain districts. Well‑located and newer properties may outperform, but condition, pricing, and neighbourhood context matter more than ever.

Semi‑Detached Homes remain one of the more balanced segments. With limited new supply and steady demand, prices are expected to stabilize in 2026, with forecast growth under 1%. Variation by location and price point will continue, but overall conditions are healthier than in higher‑density segments.

Detached Homes continue to show the greatest resilience. CREB® expects sales to remain near long‑term averages, with benchmark prices essentially flat (+0.1%). While inventory has increased, demand has been strong enough to prevent real declines.

The Rental Market is also adjusting. Record levels of purpose‑built rental construction combined with slower migration have increased availability. With over 11,800 rental units under construction, vacancy rates are expected to remain elevated in 2026, placing downward pressure on asking rents.

The Economic Backdrop and What It Means for You

Most economists still anticipate that Alberta will outperform many provinces economically, supported by energy, petrochemicals, tech, and industrial investment. However, job growth and migration are slowing, and unemployment is anticipated to remain elevated in Calgary through 2026.

With inflation back near target, the Bank of Canada is expected to hold rates steady in 2026, keeping borrowing costs relatively stable, but not dramatically lower. This reinforces a broader theme running through the forecast: less momentum, more normalization.

For Calgarians, this environment doesn’t point to a market in trouble: it points to a market maturing.
Buyers benefit from more choice, less urgency, and greater negotiating power.

Sellers will find success through pricing accuracy, presentation, and strategy rather than timing alone.
Investors are rewarded for focusing on fundamentals: cash flow, tenant quality, and long-term planning.
In a balanced market like this, thoughtful decisions consistently outperform speculative ones.

Final Thoughts: A Forecast Is a Guide, Not a Guarantee

With any report, it’s essential to remember that a forecast is exactly that: a forward‑looking snapshot based on current data, assumptions, and economic conditions.

While CREB’s 2026 outlook provides a strong framework for understanding where Calgary’s market is headed, unforeseen factors, from global economic shifts and changes in interest rate policy to geopolitical events or unexpected changes in migration, can always influence outcomes.

That’s why the most effective real estate decisions aren’t made by reacting to headlines alone, but by understanding how broader trends intersect with your specific situation, property type, timeline, and financial goals.

If you’re wondering how the 2026 forecast applies to you, whether you’re considering buying, selling, holding, or investing, a personalized conversation can provide far more clarity than any general report.

We’re always happy to walk through the data for your property type and community, answer your questions, and help you make sense of what it means for your next move in Calgary’s evolving market.

Source: CREB® 2026 Calgary & Region Yearly Outlook Report

A Practical Guide to Pricing, Tenants, and How to Get Started

Tue, 12 May 2026 17:49:06 GMT

If you’ve been following the Calgary real estate market this past year, you’ll have noticed the shift. After several years of rapid appreciation and bidding wars, Calgary’s red-hot housing market has eased towards more balanced conditions. Listings are sitting on the market longer, inventory has increased, and buyers now have more choices.

For many sellers, the current market conditions pose a difficult question: sell at a price that feels too low or rent the property until conditions improve?

For anyone who never planned to own an investment property, the idea of becoming a landlord can feel overwhelming. The good news is that with the right strategy, a crash course in property management and expert guidance when you need it, it can work to your advantage.

You Never Planned to Be a Landlord, But Don’t Be One Without a Plan

Accidental landlords are more common than you think. So, if you purchased your home without intending to rent it, rest assured, you’re not alone.

Regardless of how you ended up here, the path forward starts with a mindset shift. Instead of focusing on the factors that are out of your hands, such as market conditions, think of your condo as a business investment. This mindset shift helps you remain positive and proactive about factors you can control.

Before you list your property for rent, there are two non-negotiables every accidental landlord should know from the start:

1. Know your carrying costs - Before choosing a price or screening tenants, you need to know your baseline monthly overhead. Make a list of and add up: mortgage, condo fees, property tax, insurance, any utilities you cover, maintenance reserve (5–8% of monthly rent, and vacancy allowance (1–2 weeks per year).

This number becomes your foundation. It tells you whether your priority is:

breaking even,
generating modest cash flow, or
filling the unit quickly to avoid vacancy loss.

2. If you live in a condo, know your condo bylaws - Every condo corporation has its own rules for rentals, and failing to follow them can create headaches later. These rules shape your ideal tenant profile and determine what you can offer in your listing.

Ensure you review:

Minimum lease length (some buildings require 6–12 months)
Move-in/move-out rules (elevator bookings, fees, access times)
Short-term rental policies
Tenant insurance requirements

Being sure about your carrying costs and condo bylaws (if applicable) upfront prevents missteps, eliminates surprises, and ensures your rental strategy is grounded in reality rather than guesswork, especially as you get ready to price.

Pricing Your Rental: Prioritize Strategy Over Guesswork

In today’s balanced rental market, overpricing guarantees longer vacancies. The goal isn’t the highest rent, it’s the best net return. This outcome stems from minimizing downtime and balancing against your carrying costs.

Here’s how to price effectively:

Start with data, not emotion. Compare similar units in your building or neighbourhood first, then expand to nearby listings.

Watch absorption, not just asking prices. If similar homes sit unrented after two weeks, the market is signalling that your price is too high.

Price within search bands. Dropping from $2,025 to $1,995 brings your listing into more filtered searches.

Present value, not just price. Bright lighting, fresh paint, and professional photos significantly reduce time on market. Also consider using ChatGPT to help write a compelling ad description.

Smart pricing blends market comparables, your carrying costs, and tenant psychology. One of the biggest mistakes many new or accidental landlords make is holding out for an extra $50–$100/month — and losing $2,000+ in vacancy.

Finding and Keeping Great Tenants

A great tenant pays on time, looks after your space, and saves you the significant cost of turnover advertising, cleaning, screening, and inevitable vacancy. They also shield you from stressful scenarios, such as late payments or dealing with the formal eviction process if things go sideways, which can quickly drain your time, energy, and patience.

To attract quality tenants:

Lead with lifestyle. Highlight proximity to the C-Train, river pathways, and amenities; these factors matter as much as square footage.
Consider pets (with deposits + references). Pet owners stay longer and treat homes like their own.
Offer flexible terms. 12–18 months works well; shorter terms at a premium if you may sell soon.

Once you have a great tenant, prioritize retention. Renewal incentives such as fresh paint, updated blinds, or a minor appliance upgrade cost far less than turnover. Quick communication and timely maintenance also go a long way in building rapport and trust.

And remember: just because you can raise rent doesn’t mean you should. Most renters are operating within tight budgets. Keeping a reliable tenant at their current rate often produces a better long-term outcome than forcing a move for a nominal rent increase.

When to Call in the Pros

Managing a rental property can be straightforward — until it isn’t. Between potential condo bylaws, move-in bookings, lease compliance, maintenance, inspections, and tenant communication, professional management can save time, money, and stress.

A qualified leasing or management company will help you price your property accurately, market it with professional photography, handle showings, screening, and leases, manage rent collection, and, ideally, maintain strong tenant relationships.

If you prefer more control, a tenant placement service is a smart middle ground: they source and screen the tenant; you handle the rest.

Ultimately, the decision to hire a management company usually comes down to questions of cash flow and convenience. Suppose you forecast that your property will generate positive cash flow. In that case, you may forgo some of those profits for the convenience of having a company look after the nitty-gritty for you. If you’re crunching the numbers to break even, self-management will likely be the preferred choice.

Final Word: Turning Circumstance Into Strategy

Becoming an accidental landlord may not have been the plan, but with the proper structure and support, it can be a strategic bridge instead of a setback. Calgary’s current rental property demand remains steady, and well-managed homes and condos continue to attract stable, long-term tenants.

If you price thoughtfully, treat your tenant like a partner, and bring in help where it adds value, your “temporary” rental can quietly pay down your mortgage, protect your equity, and give you options when the market shifts again.

Thinking about renting your home or condo?

We’d be happy to talk through your options and connect you with trusted professionals who can help you move forward with confidence. Email us now.

A Guide for Calgary Homeowners Looking to Protect, Preserve, and Prepare

Tue, 12 May 2026 17:48:57 GMT

Preparing your home for Alberta’s winter climate isn’t just about staying warm — it’s about preventing costly surprises and protecting your real estate investment over the long term.

Whether you’re living in your home, managing a rental property, or preparing to sell your Calgary home this winter or in the early spring, winterization is one of the smartest seasonal investments you can make.

But winter prep doesn’t have to feel overwhelming. Not every maintenance task needs to be tackled at once, and not every improvement requires a high upfront cost. The key is understanding what matters most right now, what can be planned for later, and where your time and budget will have the most significant impact.

In this month’s blog, we break down winterizing your Calgary home into clear, manageable priorities so you can focus on the most cost-effective steps today while building a thoughtful plan for future winters ahead.

Short-Term Essentials: What to Handle Right Now

Always best to focus on the items that make the most significant difference right away. They’re generally low-cost, high-impact tasks that help prevent winter damage, improve efficiency, and reduce the risk of emergency repairs during the coldest months.

If you haven’t done any winter prep yet, start here.

Inside the Home
Focus first on heat, safety, and efficiency: the systems and features you rely on most once temperatures drop.

Service your furnace. If it hasn’t been checked recently, an annual or bi-annual fall/early winter tune-up now can prevent mid-winter breakdowns and often improve efficiency and life-span while helping lower monthly utility bills.
Change your furnace filter. This simple task improves airflow and indoor air quality, especially important if you have pets or allergies.
Test smoke and carbon monoxide detectors. Winter brings increased furnace use and higher fire risk. Replace batteries or outdated units.
Seal drafts around doors and windows. Weatherstripping and caulking help keep warm air in and cold air out.
Reverse ceiling fans. Set them to rotate clockwise at a low speed to push warm air back down into living spaces.

Outside the Home
Outdoor winter prep is all about managing water and protecting your home from freeze-thaw damage.

Shut off and drain exterior water lines and hoses. This helps prevent frozen or burst pipes.
Blow out sprinkler systems. Any remaining water can freeze and crack underground lines.
Clean gutters and downspouts. Clear pathways allow melting snow to drain away from your home, reducing ice dams and foundation issues (best done at the end of summer or early fall, but you can always wait for a sunny Chinook weekend in early winter months). Ensure all downspouts are directed away from the home, at least 4’ to 6’ or longer if possible.
Inspect the roof from the ground. Look for missing shingles or apparent damage before snow accumulates.
Prepare decks and patios. Sweep away debris and check that water still beads on the surface — a sign the sealant is doing its job.

Long-Term Winter Prep: Worth Planning Ahead

Not all improvements need to happen immediately and can deliver meaningful benefits over time, as you can chip away at them. Long-term winter prep focuses on efficiency, durability, and protecting your home from issues that often surface after the snow melts.

If you’re planning to stay in your home for several years — or thinking about resale down the road — these upgrades are worth building into your overall maintenance plan.

Inside the Home
Long-term indoor improvements often focus on reducing heat loss and managing moisture, two factors that significantly affect comfort, energy costs, and long-term condition.

Upgrade or top up attic insulation. This is one of the most effective improvements for older homes in Calgary. Proper insulation reduces heat loss, lowers energy bills, and helps prevent condensation and ice dam issues. Additionally, ensure your attic is adequately sealed to avoid condensation and attic rain.
Schedule professional duct cleaning. Especially worthwhile if it hasn’t been done in years, or if you have pets or allergies. Clean ducts improve airflow and system efficiency.
Monitor basement moisture and insulation. Check for condensation, cold spots, or dampness along foundation walls. Addressing these early through insulation upgrades or dehumidification can prevent mold and structural issues.

Outside the Home

Exterior projects tend to be less urgent in the moment but play a big role in long-term protection.

Inspect siding, flashing, and exterior seals. Look for cracks or gaps that could allow moisture or cold air intrusion. Minor repairs now can prevent expensive damage later.
Plan for window upgrades if needed. Persistent drafts or condensation between panes often signal aging windows. If selling is on the horizon, start budgeting early.
Inspect fireplaces and chimneys. For homes with wood-burning fireplaces or older chimneys, a professional inspection ensures everything is safe, sealed, and functioning correctly for winter use.

Special Considerations for Calgary Landlords and Future Sellers

If you’re renting your home or planning to list it in the coming months, winter prep becomes more than maintenance — it’s part of your positioning strategy.

A warm, draft-free home signals strong upkeep to both tenants and buyers. Small improvements, such as a smart thermostat, updated weatherstripping, or clear documentation of recent servicing, can add confidence and reduce friction during showings.

For sellers, a pre-listing inspection completed during winter can help identify issues early, before buyers or tenants uncover them themselves.

Final Thoughts: Calgary Winters Reward Prepared Homeowners

Winterizing your home isn’t about tackling everything at once. It’s about making intelligent, timely decisions that protect your property, reduce long-term maintenance costs, and improve comfort during Calgary’s coldest months.
Whether you’re staying put, renting out your home, or planning to sell in a future season, a thoughtful winter home maintenance plan can help you avoid surprises and protect your investment.

Need help deciding which winter upgrades will matter most for resale, or looking for trusted Calgary trades to help you prepare your home for winter?

The Trung Bien Real Estate Team is here to help you plan with confidence, season after season.

The Median Calgary Home Price Compared in Four Key Areas

Tue, 12 May 2026 17:48:49 GMT

Many buyers begin their home search with a favourite neighbourhood in mind, but once they discover what their budget can buy across different parts of Calgary, those priorities often shift.

Maybe that inner-city charm also comes with more maintenance and less space than expected. Or perhaps the comfort, increased square footage, and more expansive lots found in the suburbs don’t quite outweigh the longer commute and evolving infrastructure.

This guide compares what $725,000 (the median Calgary home price) can buy in four key regions—the Inner City, Southeast Suburbs, Northeast Suburbs, and the Westside—to help you weigh your options against your budget and make an informed, confident decision about where to call home.

The Inner City

Where lifestyle leads and location is everything, Calgary’s Inner City offers unmatched convenience, walkability, and architectural character with opportunities for historical homes and new infills.

However, while charm and character may be a draw, options for $725,000 or under have narrowed in the inner city. Finding a detached home is increasingly rare at this price point, and many are future development lots in up-and-coming locations.

More realistically, $725K opens the door to an older semi-detached home or quality townhome in established communities. These homes, despite sacrificing on size, often offer updated interiors and low-maintenance living.
While you won’t typically find large yards or attached garages here, you’re gaining proximity to downtown, transit, restaurants, and future redevelopment value.

What $725,000 buys:

Size: ~800-1300 sq. ft. above grade
Bedrooms/Bathrooms: 2–3 bedrooms, 1.5–2 full baths
Garage: Detached single or double
Lot/Yard: Smaller lots (25'–30' wide), limited yard space
Interior: May include character features (e.g., hardwood, coved ceilings), older kitchens/baths, or basic renovations
Basement: Often finished, may offer office or rec space; ceiling height may be lower

Compared to the suburbs:

You’ll sacrifice interior space, newer finishes, and exterior lot size but gain a shorter commute, walkable amenities, and strong redevelopment potential.

The Southeast Suburbs

Where family-friendly design meets modern convenience, Calgary’s SE suburbs offer larger homes, open-concept layouts, family-oriented neighbourhoods, and newer builds tailored to everyday living.

At this price point, you’ll typically find an older 2-storey, 1,900–2,200 sq. ft. home with 3–4 bedrooms, an attached double garage, and upgraded finishes like granite counters and stainless appliances — all within a master-planned community.

What $725,000 buys:

Size: ~1,800–2,300 sq. ft. above grade
Bedrooms/Bathrooms: 3–4 bedrooms, 2.5–3 full baths
Garage: Double attached
Lot/Yard: 35'–40' wide lot, typically landscaped
Interior: Open-concept layouts, quartz/granite counters, stainless steel appliances, spacious primary suites
Basement: Generally undeveloped, but ready for future customization

Compared to the suburbs:

For approximately the same price, you’ll gain double the interior space, newer finishes, and attached garages at the cost of a longer commute to inner city amenities and newer (sometimes less mature) infrastructure.

The Northeast Suburbs

The quickly growing NE suburbs offer buyers more space and flexibility for their dollar, with larger homes and practical floor plans with possibilities for income-generating potential. Ideal for buyers who have extended or multi-generational families. Calgary’s NE delivers some of the best dollar-per-square-foot value in the city.

What $725,000 buys:

Size: ~2,000–2,400 sq. ft. above grade
Bedrooms/Bathrooms: 4–5 bedrooms, 3–4 full baths
Garage: Double or triple attached (varies by community)
Lot/Yard: 35'–40' wide, usually fenced and landscaped
Interior: Functional layouts, upper-floor laundry, spice kitchens, builder-grade or modest finishes
Basement: Frequently developed with legal or rentable 1–2 bedroom suites

Compared to SE suburbs:

With commute times similar to the southeast and other suburbs, you’ll often find more bedrooms and baths, potential rental income, and larger layouts. However, home finishes may be more practical than polished, and green space access can vary.

The Westside (North & Southwest Quadrants of Calgary)

Blending timeless appeal with established neighbourhoods, Calgary’s Westside delivers a refined balance of location, livability, and long-term stability. These communities often offer mature landscaping, moderately larger yard sizes, quality schools, and easy transit access.

What $725,000 buys:

Size: ~1,800–2,200 sq. ft. above grade
Bedrooms/Bathrooms: 3–4 bedrooms, 2.5–3 full baths
Garage: Double attached or detached
Lot/Yard: Larger, mature lots (~40'+), often landscaped with trees
Interior: A mix of original and updated finishes (e.g., granite counters, hardwood, vaulted ceilings), well-maintained
Basement: Typically developed with rec space, extra bedroom, and bath

Compared to SE/NE:

Expect slightly older homes and fewer square feet, but slightly more affluent and developed communities featuring established infrastructure, higher resale stability, quick access to schools, the LRT, and the mountains.

Final Thoughts

While $725,000 may be a set figure, what it can buy in Calgary varies greatly depending on the location. Each part of the city offers its own combination of lifestyle, features, and trade-offs, highlighting how much value is influenced by neighbourhood choice.

Every buyer has different needs, preferences, and priorities. By understanding how your money stretches in various areas, you can make a decision that fits both your current lifestyle and long-term goals.

Whether you're early in the process or ready to make a move, our team is here to support you with clear guidance and expert insight.

Reach out today to start your personalized home search and discover what’s possible.

Here’s why approving the housing strategy is a necessary step in the right direction for our city.

Tue, 12 May 2026 17:48:38 GMT

Following “three days of meaningful and passionate public participation and debate with more than 160 residents and groups generously sharing their experiences” 1 about Calgary’s housing crisis, Calgary City Council approved an amended version of Home is Here - the City’s Housing Strategy for 2023-2030.

Despite the contentious nature of certain action items put forward in the strategy, there is no doubt Calgary, like other major Canadian cities such as Vancouver or Toronto, is in the midst of a housing crisis, and city officials needed to take action.

But what does this action plan potentially mean for you? Your home? And our city?

Continue reading below to learn more about the action plan and why we, at Trung Bien Real Estate Team feel it’s an excellent first step forward in meeting the needs of our growing city.

1 https://newsroom.calgary.ca/city-council-approves-housing-strategy-with-amendments/?utm_campaign=later-linkinbio-ward9grams&utm_content=later-37896866&utm_medium=social&utm_source=linkin.bio

What is driving the housing crisis?

No matter how you cut it, Calgary just doesn’t have enough housing to accommodate our city’s rapidly growing population. That shortage is causing home prices to rise, making housing even more unaffordable for the average Calgarian.

To give you some statistical context on how serious the situation is, Tim Ward, Manager of Housing Solutions at the City of Calgary, stated that one in five Calgary households now can’t afford their housing, and one in ten Calgarians faces a real prospect of homelessness.

Rental rates are up by as much as 25% in the last year, and the average price of a home increased 29% over the previous four years.

Not only is housing becoming more unaffordable — but there are no signs that population growth will slow, either. In fact, it’s estimated that interprovincial and international migration rates will continue at their current rate until at least 2027!

Long story short, if we don’t act, a bad situation is only going to get worse.

What is the city doing about it?

In June 2022, the city created an affordable housing task force to investigate the housing crisis and generate a set of professional recommendations to guide the city’s response.

The task force put forward a total of 33 recommendations centred around what we summarize are two key ideas: to drastically increase the number of non-market (affordable) homes available in Calgary and to make it

easier to build new homes.

To increase the amount of non-market affordable housing, the action plan suggests that every Local Area Plan be required to ensure a minimum of 15% of the total housing units are non-market. To build new homes, the task force called for what urban planners commonly call upzoning.

Upzoning is an alteration to a community’s zoning code to allow a new capacity for development. This practice, in turn, can increase supply and lower land costs.

2 Read the full list of recommendations here: https://www.calgary.ca/social-services/low-income/housing-strategy/recommendation-5.html

What is RCG zoning, and why do people care?

Though upzoning is only a single component of the city’s action plan, it is undoubtedly the most controversial. It has garnered the most public interest and debate — explicitly concerning the recommended R-CG and H-GO zoning.

What is RC-G and H-GO zoning?

Currently, most residential land in Calgary is classified as R1 zoning, which doesn’t allow landowners to build anything other than single detached homes or a legal basement suite without going through lengthy permit and development processes.

RC-G and H-GO are specific changes to Calgary’s residential zoning rules that simplify the process landowners must go through if they want to build single detached homes, duplexes, triplexes, backyard suites and rowhouses, opening many neighbourhoods up to more diverse forms of housing.

Understandably, this has many Calgary homeowners worried about their homes’ long-term values and the density in their neighbourhoods in the years to come.

If you’re worried about RC-G zoning, here are a few things to consider.

It’s important to point out that even though RC-G zoning will apply to all Calgary neighbourhoods, this doesn’t mean we will see higher-density projects popping up everywhere ad infinitum.

Fears voiced by many Calgary homeowners during the city council’s public consultation period that new zoning by-laws will drastically transform their neighbourhoods are understandable — but that doesn’t mean they’re totally legit.

Redevelopment, like all development, has to make economic sense. Generally, redevelopment occurs in neighbourhoods that are closer to the city center, where the street network is in a grid system, back lanes are present and where there is high demand for new homes.3

Also, consider that RC-G will considerably reduce permit wait times in neighbourhoods where we already see demand for this type of development. Zoning change allows us to build more houses in denser and densifying neighbourhoods while saving municipal tax dollars and resources consumed in permitting.

The reality is that, despite many single-family homeowners' concerns, redevelopment will be reasonably rare in communities where the majority of homes were built after 1970.4

3 https://www.calgary.ca/planning/projects/housing-choices.html
4 https://www.calgary.ca/planning/projects/housing-choices.html

Final Thoughts

While only one aspect of the city’s action plan, a part of what makes the proposed zoning changes feel so monumental is that our city itself is on the cusp of a historical shift.

Moves toward zoning regulations that are, in fact, commonplace in other major North American cities are harder to swallow here because Calgary has so long been heralded as a mecca for detached single-family homeownership.

It makes sense that folks who’ve lived here as long as I have feel resistant to new changes that might affect their neighbourhood. But the reality is that our city is changing and expanding rapidly, and if we are to accommodate that growth in the years to come adequately, we need to adjust.

Increasing housing affordability doesn't just make housing more accessible to those who need it most; it is critical to supporting new job creation, attracting a reliable and stable workforce and promoting the demographic diversity our city needs to remain economically vibrant and strong.

—

For an excellent summary and recap of the debates over the action plan, check out the Sprawlcast podcast here.

A landmark ruling on Realtor® commissions in the U.S. sparks debate in Canada.

Tue, 12 May 2026 17:48:31 GMT

Can you Imagine real estate brokerages conspiring to keep commission fees high? Never! Well, it took a Kansas City jury just under three hours to decide exactly that.

Following a four-year legal battle, the National Association of Realtors (NAR) was found guilty of conspiring with two of the largest brokerages in the United States to keep commissions on home sales high, making them liable for $1.8 billion.

Considering the rising costs of homeownership and high interest rates in most major North American cities, it’s not surprising this case has struck a chord here in Canada. In fact, a group of Toronto sellers is already attempting to sue several of Canada’s leading real estate brokers using many of the claims stipulated in the U.S. lawsuit.

So, what do these lawsuits ultimately mean for Realtor fees in Canada? Are real estate agents paid too much? And what are some potential solutions moving forward?

The core of the issue

What’s important to understand is that what’s at issue here isn’t just real estate broker fees but also the process by which those fees are negotiated.

In the U.S., as in Canada, when a homeowner decides to sell their home, they sign a deal directly with the seller’s (listing) agent, which also determines how much the buyer’s agent is paid. In the U.S., commission fees are typically between 5-6% and split between the selling and buying agents without much consultation or input from the homeowner.

In this particular case, the prosecution successfully argued that because sellers are not able to negotiate directly with buyer agents regarding their fees, the commission rates are, in fact, collusionary — meaning they prohibit competition and keep rates artificially high.

Are we comparing apples to apples?

Yes and no.

Generally speaking, the real estate industries in the U.S. and Canada are very similar, especially in terms of the negotiating process for commission fees. However, our commission rates can differ from the U.S., depending on where you are in the country.

In Toronto, where we mentioned a similar lawsuit was in the early stages of development, average Realtor® fees are 5%, with an equal share going to the buying and listing agents.

In Alberta, however, we have some of North America’s lowest commission fees, with the average rate slightly above 3.0% (1.5 % for each agent). This is because our fees are structured differently.

Here, sellers typically pay 7% on the first $100,000 and just 3% on the remainder. So, for a home valued at $545,998 (the average price of a Calgary home in October 2023), the total commission rate would be 3.7%.

The 1.3% difference doesn’t sound like much, but on a $545,998 home, that equals around $5k in savings on total commission fees. It’s also worth noting that all commission fees in Canada are, in fact, negotiable, and these are average rates based on typical scenarios.

What’s next?

Regardless of where you live and the fees you’re paying, there’s no doubt innovation is on the way.

Even though the NAR has indicated it will appeal the lawsuit, some brokerages named in the lawsuit have already demonstrated a willingness to be flexible with both fees and the process for negotiating them.

A better system will likely emphasize the need for more transparency in the negotiation process.

Some proposals include home buyers paying buying agents directly, conducting separate negotiations for buyer and seller commissions, or instituting variable (instead of fixed) commission rates.

Does the need for innovation mean Realtors are overpaid?

That’s a great question.

From the seller’s perspective — I get it. You just sold a home for $545,998. The $10,190 you paid to the buyer's agent seems astronomical, considering you probably never even met them: “They just got how much? For doing what?”

The feeling is understandable.

Remember, however, that Realtors® are small business owners with overhead and operating expenses like any other business. 25-30% of every commission cheque goes to paying brokerage fees, marketing costs, services fees, gas, office space, etc.

That’s not to mention that calculating the hours that go into earning commission fees is almost impossible, considering the countless phone calls, text messages, emails, driving hours, and personal interactions that go into every deal — especially in a low inventory market where agents are usually writing multiple offers to secure their clients home.

So, what you see on paper isn’t really anything close to what the Realtor® takes home as net income.

Our thoughts?

It’s important to consider that while the system for deciding commission fees is due for a shake-up, that doesn’t necessarily mean the optimal outcome is the Realtor® being paid as little as possible.

At TB Real Estate Team, we’re proud to say that most clients feel our moral support, insight, and expertise are intangible. They are happy to pay for the exceptional, turn-key style service only years of dedication and experience can provide.

If being a real estate was easy and purely transactional, it’s hard to fathom why 85% of real estate agents would give up on their real estate careers within the first five years. But that’s precisely what happens.

Most aspiring real estate agents quickly discover that clients look to us to manage much more than their transactions. They are seeking our guidance, input, expert advice and counsel on one of the most important decisions of their lives. Our professional obligations to our clients extend well beyond dotting the ‘i’s and crossing the ‘t’s.

There’s no doubt industries need to stay robust, competitive and fair. Yet, suppose real estate commission fees were to drop precipitously. It would be hard to imagine buyers having the same level of access to professional, experienced, and qualified agents they do now. If faced with a lack of qualified Realtors, many buyers who are skeptical about fees may come to see the value in paying for good counsel when making one of the most significant purchases in their lifetime.

At any rate, change is on the horizon. We are excited to see what this shake-up brings and look forward to adapting to shifting realities while continuing to provide the absolute best representation for our clients.

Migration is expected to slow in 2024, but will Calgary’s real estate market?

Tue, 12 May 2026 17:48:25 GMT

It’s no secret one of the leading stories in the Calgary real estate market in 2023 was the record-setting levels of interprovincial and international migration.

Over 30,000 people per quarter moved to Calgary from within the country and abroad over five consecutive quarters. This historically high level of population growth combined with low levels of housing supply contributed to strong price growth and a red-hot market throughout all of 2023.

However, according to the Calgary Real Estate Board’s (CREB) recently released yearly outlook report, migration to Calgary is expected to slow slightly this year, with overall population growth forecasted to drop from 4.7% in 2023 to 3.6% in 2024.

If migration slows as projected, how will this decrease in migration rates affect demand? And will slower migration rates mean easing pressure on the market in 2024?

Here, we examine some key points in the CREB report and explain how migration rates could impact the market this year.

Strong price growth is expected to continue

While theoretically, a decrease in migration can ease pressure on housing markets, overall, this year’s CREB report expects demand to remain robust enough to sustain strong sales in the Calgary market.

Although conditions are not expected to be as tight in 2023, “a seller’s market is projected to persist through the spring of 2024.” With conditions remaining particularly tight for lower-priced properties, such as semi-detached homes, row houses, and condominiums.

Indeed, what we are already seeing at the start of 2024 confirms much of what the CREB report anticipates — with upward pressure on pricing as there is less inventory in January 2024 compared to January 2023 combined with more sales.

All of this is expected to drive continued price growth, especially in the lower-priced segments of the market, well into 2024.

If migration is expected to slow, why is demand projected to remain high?

Great question.

While migration affects demand, the relationship between the two isn’t perfectly equal.

Firstly, when looking at migration statistics, it’s essential to look at net migration. Part of what made Calgary’s 2023 migration rates exceptional was net migration — so many people moved here, and so few people left.

Not only do high levels of net migration affect supply (fewer people leaving means fewer houses for sale), but it’s also likely to affect future demand. Consider that many people who moved here in 2022/23 are still looking for houses or have not yet entered the marketplace.

As the CREB report states, “While migration is expected to slow, gains in both interprovincial and international migration made throughout 2022 – 2023 are expected to support higher housing demand levels into 2024.”

Affordable housing may become even more unaffordable

When looking more closely at migration, it’s also essential to consider how different migration types impact different housing market segments.

For 2024, much of the projected decline in migration is expected to occur at the interprovincial level. Typically, interprovincial migration — think buyers from higher-priced markets in Toronto and Vancouver — has supported sales growth in the higher-priced detached markets, where buyers take advantage of Calgary’s relative affordability when compared to other major cities.

On the other hand, international migration tends to fuel demand at lower price points by driving up rental prices, increasing purchases from property investors and overall demand for more affordable housing options.

So, while the CREB report speculates that the price for higher-priced properties will decelerate, it expects demand and price gains for lower-priced properties to remain strong and highly competitive.

The interest rate debate

When looking at overall demand, let’s not forget about interest rates.

With inflation stabilizing, CREB’s report indicates the Bank of Canada will likely initiate a rate reduction in the latter part of 2024.

On the supply side, this could lead to new listings as sellers who decided not to enter the market in 2022/23 to avoid higher rate changes contemplate reentering the market to capitalize on strong home prices.

Yet simultaneously, CREB expects that a wave of potential buyers waiting on the sidelines for interest rates to come down will flood the market as lending rates ease and listings improve, possibly eroding any substantial gains in housing supply.

Given the persistent strong demand driven by recent migration and a healthy job market, decreased rates will likely mean that supply levels take even more time to rise sufficiently to restore balance to the market.

Other factors to factor in

While increased demand has been a hot topic in Calgary real estate the past year, we must not forget the many other factors, such as employment rates, policy changes, and relative affordability (for details, see the full report here), that can affect market conditions and housing prices.

Also always at play are local and world economic realities and global affairs.

While the CREB forecasts some weakening consumer activity, should declines be more profound and broader than expected or unanticipated political events occur, this could result in lower commodity prices and impact confidence in our market.

In summary

Based on information from the CREB report, it seems sufficient to say that although conditions might not be as tight as last year, demand will likely remain strong, and a seller’s market will likely persist through 2024, especially among lower-priced properties.

But it’s important to remember that every forecast — even the most well-researched — is speculative and always subject to change depending on how actual numbers and events end up compared to forecasted ones.

If you’re interested in getting more information or discussing how the CREB report pertains to your particular situation or property type, don’t hesitate to reach out to our team for support!

Lessons I’d share with my 20-year-old self about investing in today’s market

Tue, 12 May 2026 17:48:19 GMT

With Calgary’s red-hot real estate market continuing to outperform historical records, many clients have been asking us about the pros and cons of investing in Calgary real estate, what properties they should look for, and how best to position themselves for long-term success.

As a real estate investor, I’ve learned much over the years about what works and what doesn’t. Whether maximizing income potential through property management or leveraging new financing options, the key lies in making informed decisions that align with your personal and financial goals.

To help new investors along the way, I thought I’d share a few pages from my playbook by considering the advice I’d give my 20-year-old self if I were starting my investing journey in today’s competitive real estate market.

Where there’s a will…there’s a hack

The cost of housing today is significantly greater than when I entered the market over 20 years ago—many struggle to enter the market or buy a home in an area they desire to live in.

While the cost of home ownership is higher than ever before, house hacking is a valuable strategy that—although not in existence when I invested in my first property—can open the doors of homeownership and allow those willing to exercise more creativity and flexibility to enter the market.

Simply put, “house hacking “involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home.” 1

House hacking can involve anything from renting out your garage for someone’s storage or work purposes to renting out an extra bedroom to a friend, coworker or ideal renter or converting your basement into a rental suite or Airbnb.

If you’re willing to think creatively and trade some of your creature comforts, you can offset some of the costs of homeownership to get into the market.

1 https://www.forbes.com/sites/davidgreene/2018/12/04/house-hacking-how-financially-savvy-people-live-in-expensive-markets-while-saving-money/

What’s old is…old

When I started investing in Calgary real estate, the common strategy was to buy an older property with suites that could be rented independently to separate tenants. The logic here was pretty simple: buy an older home at a cheaper price and generate more revenue with multiple renters.

However, this often leads to many unforeseen costs in acquiring and maintaining those properties.

Firstly, finding the right property with an ideal floor plan (with the electrical panel in a common area, common laundry area, or detached garage) can be akin to finding a needle in a haystack. When a suitable property does come along, you usually face a boatload of competition from other bidders and multiple offers, which drive up the initial investment price.

Additionally, older homes can present costly maintenance and repair issues, making forecasting costs and preserving cash flow difficult.

A new approach

While older properties with suites once seemed promising, the realities of maintenance and market competition have led me to embrace a different strategy: buying new builds.

Whether you’re purchasing your first rental property or your first home, investing in brand-new homes offers several advantages:

Turn-Key Ready: New builds are move-in ready, minimizing maintenance costs and allowing for immediate rental or occupancy.
Lower Maintenance: Modern construction and warranties reduce the likelihood of costly repairs, preserving cash flow.
Attractive to Tenants: New properties tend to attract higher-quality tenants who appreciate modern amenities and energy-efficient features.
Long-Term Value: Properties in new communities often appreciate as infrastructure and amenities develop, enhancing the neighbourhood's appeal.

In addition, recent changes from the Government of Canada allowing for 30-year amortizations on new builds make financing more flexible, especially for first-time buyers.

For those young investors, particularly those interested in house hacking, consider laned homes with detached garages and legal basement suites as they provide:

Additional Income possibilities: Renting out the suite and garage separately adds to your monthly revenue stream.
Lower Initial Costs: You can enter the market with a lower down payment (as little as 5%), freeing up capital for future investments.
For those not buying a personal residence or house hacking, you can still focus on buying rentals before investing in your primary residence. I purchased several rentals before moving out on my own, and when the time came, I moved into one of my rentals.

In summary

Regardless of your chosen strategy, investing in Calgary's real estate market demands foresight and adaptability.

By learning from others' past experiences and adapting to market trends, today's investors can position themselves for long-term success in Calgary's evolving real estate landscape.

As Calgary continues to grow and evolve, so will the opportunities for savvy investors willing to embrace innovation and foresight in their investment strategies.

Don't hesitate to reach out if you’re interested in exploring real estate investment strategies or options.

Strategies for potential Calgary buyers on the cusp of homeownership

Tue, 12 May 2026 17:48:12 GMT

As Calgary real estate prices continue to rise, finding an affordable home is becoming increasingly difficult for many hardworking Calgarians.

The median home price in Calgary as of May 2024 rose by a significant 9.8% percent over last year, while the median price for apartments and townhomes rose by a whopping 19% and 21.6%, respectively.

As we’ve seen in other housing markets across the country and the globe, the high demand for affordable homes combined with low inventory levels in these market segments ultimately causes further upward pressure on homes priced under $500,000. In other words, lower-priced homes are increasing in value faster.

While the government and stakeholders need to take further action to address these issues, we wanted to share some potential strategies for people on the cusp of homeownership looking to enter the Calgary real estate market.

House Hacking or Co-ownership

As mentioned in last month’s blog on real estate investing, house hacking can be a valuable strategy for those who have a down payment but are looking for ways to offset the costs associated with homeownership.

Simply put, house hacking involves renting out portions of your primary residence to generate additional income you can put toward your mortgage. Some examples could include: renting out your garage or additional parking for someone’s storage or work purposes, renting out an extra bedroom to a friend, coworker, or ideal renter, or even converting your basement into a rental suite or Airbnb.

If you’ve saved some money but cannot afford a down payment on your own, you may want to weigh the pros and cons of co-ownership. Co-ownership involves purchasing a property with family members or friends to split the burden of saving for a hefty down payment and paying monthly mortgage costs or other expenses. This could be done through a joint venture agreement or by getting a co-signer for the mortgage application.

While both are effective strategies for entering the market, prospective buyers considering house hacking or co-ownership should consider possible challenges such as changing personal and financial situations or the strain co-living can place on relationships.

Clear, written agreements and a viable backup plan are essential in these cases to help navigate unforeseen scenarios and fluctuating personal situations.

Explore government programs

While there’s no doubt we’ve got work to do in terms of providing affordable housing options for Calgarians, there are various government programs and incentives designed to help first-time homebuyers and low-income families:

Canada Mortgage and Housing Corporation (CMHC) Programs: CMHC offers mortgage loan insurance, which can help reduce the down payment requirement to as low as 5% of the purchase price.
First-Time Home Buyer Incentive: This program provides a shared-equity mortgage with the Government of Canada, reducing the monthly mortgage payment without increasing the down payment.
Affordable Housing Programs: The City of Calgary and the provincial government offer affordable housing initiatives, such as Attainable Homes Calgary, for low-income individuals and families.

When researching government programs, ensure you read the fine print and successfully qualify for the benefits.

Some housing programs, like Attainable Homes Calgary, will have home specialists and vetted partners who can provide direction and advice, even if they don’t have homes available.

Consider alternative housing options.

While they may differ from your initial dreams of homeownership, non-traditional housing options can provide strategic avenues to enter the market, opening the door to potential future investments.

Though modular or prefabricated homes may not have the same allure as traditional builds, they are typically less expensive and can be constructed more quickly. Additionally, purchasing a house with a legal suite can allow for a higher price point for mortgage preapproval.

Another potential option is co-op housing, where residents purchase shares in a cooperative corporation that owns or leases the housing units and/or the land. This share grants them the right to occupy a unit and participate in the cooperative’s decision-making processes.

Currently, there are about 13 housing co-operatives in Calgary, providing approximately 1,200 units. These co-ops are spread throughout the city and are managed by their residents, who collectively own the property and make decisions democratically.

For more detailed information on co-op housing in Calgary and how to apply, you can visit the Southern Alberta Co-operative Housing Association's website at SACHA.

Not without compromise

Ultimately, none of these strategies is without compromise.

If you aren’t considering relocating to a more affordable area and moving cities isn’t in the plans, you will probably have to make some concessions on specifics like neighbourhood, living space, arrangements, or ownership agreements.

While this is undoubtedly easier said than done, a positive attitude and a willingness to be flexible and think creatively will help you enter the market and generate wealth for the future.

By exploring alternative housing options, utilizing government programs, and improving your financial health, you can work towards securing a stable and affordable place to call home.

Stay informed, be patient, keep your long-term goals in mind, and don’t hesitate to contact us for assistance!

Rifts over rezoning continue as the City Council’s public hearing unfolds.

Tue, 12 May 2026 17:48:02 GMT

Separate rallies have been held outside city hall as a marathon public hearing on Calgary City Council’s proposed blanket rezoning, expected to last a week or longer, is now underway.

Though only one aspect of the city’s housing strategy, blanket rezoning is undoubtedly the most contentious and emotional. "Dozens of people lined up inside the municipal building atrium Monday morning, hoping to register last minute for a five-minute time slot to share their thoughts with the council,” in what Council anticipates will be its longest-ever public hearing.

While blanket rezoning has emerged as a divisive issue which seems to pit so-called NIMBY (not in my backyard) homeowners against renters, migrants and other Calgarians who don’t have access to affordable housing, in reality, the issue is more nuanced.

In fact, much of what’s really at stake is a broader discussion about who should decide how neighbourhoods should look in the future in a city undergoing unprecedented historical transformation.

Before deciding where you stand, here are a few things to consider.

1 https://calgaryherald.com/news/local-news/blanket-rezoning-marathon-public-hearing-kicks-off

Why remove the red tape?

As a real estate agent and a homeowner in Calgary’s Inglewood neighbourhood, I’ve generally been in favour of inner-city development that favours the kind of mixed-use housing supported by the RC-G blanket rezoning proposal which permits building single-detached, semi-detached, suites and rowhouses on any low-density residential property.

One of the arguments here is that the city already approves the vast majority of rezoning applications. So, for over 95% of proposed development projects, current zoning processes add unnecessary time and cost. Eliminating the red tape allows developers to build homes faster and meet demand with homes that typically cost less than single-family residences.

In addition to opening up opportunities for buyers who can’t afford a single-family home to be a part of the community, densification and mixed-use housing can enliven and revitalize communities, bolster local businesses, make neighbourhoods more vibrant and amenity-rich, and attract money and investment.

For example, many Calgarians now know Inglewood as a lively and upscale neighbourhood perfect for strolling around on a Saturday or Sunday afternoon. Believe it or not, in the 1960s, most of Inglewood was considered an undesirable neighbourhood with a declining population and the perfect site for a freeway. 2

2 https://www.sprawlcalgary.com/blanket-rezoning-inglewood?mc_cid=14ce042fd5&mc_eid=78ee9ec909

There’s more to it than nimbyism

Of course, the story is not that simple, and development is not always the be-all and end-all solution, especially when it comes to affordable housing.

In many instances, inner-city development can drive home prices up by making those areas more desirable. This was definitely the case in Inglewood where, with increasing gentrification, the neighbourhood became “increasingly unaffordable for many, including the working-class residents who made Inglewood what it was.” 3

What’s also unfortunate is that residents with legitimate concerns over the impact of densification and increased development on their neighbourhoods are often summarily dismissed as NIMBYs, a niche group concerned only about their self-interest.

Concerns voiced by residents in established communities most impacted by blanket rezoning are more far-reaching and community-orientated than they are generally branded. In the city’s What We Heard report released in mid-April approximately 70% of the feedback the city received expressed concern about rezoning, with 52 community associations having signed a letter to the city in opposition to the proposal.

In Bridgeland, for example, another neighbourhood with a similar story to Inglewood’s, residents have pointed out how densification has led to the removal of residential trees, increased wear-and-tear to public spaces, degradation of natural spaces, lack of sufficient parking, and increased traffic and congestion on residential streets, eroding many of the charming features these communities were built on.

3 https://www.sprawlcalgary.com/blanket-rezoning-inglewood?mc_cid=14ce042fd5&mc_eid=78ee9ec909

No winner takes all

What’s really at stake here is not just affordable housing but also who makes decisions that determine the fate of neighbourhoods and how they will look in the future. Are all relevant parties consulted as part of the process?

Should decisions about zoning or rezoning be made from the top down by experts, city officials and bureaucrats who must respond to more significant shifts in the city’s housing market?

Or should they be made from the bottom up by community stakeholders and residents who helped establish the very communities these top-down policies impact?

Framed in this lens, it becomes clear just how complex the issue really is, especially considering the unprecedented demand for housing.

It’s not just a matter of being for or against development or rezoning. Regarding the future of our city and the incredible neighbourhoods home to all Calgarians, there’s no clear resolution where everybody comes out an absolute winner. Ultimately, workable solutions will need to be a mix of both, taking into account the interests of all Calgarians and involving some mix of top-down and bottom-up approaches to policy.

This requires conversation, dialogue, and understanding the vested interests of all our city’s citizens. Hopefully, this week’s public hearings provide a good starting point.

Interested in learning more? Here’s a few great links:

https://www.instagram.com/mddl.co/

https://www.sprawlcalgary.com/blanket-rezoning-inglewood?mc_cid=14ce042fd5&mc_eid=78ee9ec909

https://www.cbc.ca/lite/story/1.7179861

The Bank of Canada (BOC) recently announced it will continue to hold its overnight rate steady at 5%, signalling that despite cooling inflation, it’s still too soon to ease monetary policy.

Tue, 12 May 2026 17:47:43 GMT

This news is disappointing for those waiting for rates to drop before entering the market to buy a home. Understandably so, as the cost of borrowing money, combined with rising house prices here in Calgary, has significantly increased the cost of home ownership.

Logistically, waiting for rates to come down in the short term makes sense. A shorter-term wait now could mean long-term savings. But what if it doesn’t end up that way?

Read on to learn more about the BOC’s announcement and what rate drops could mean for the Calgary real estate market.

Why did the Bank of Canada keep rates steady?

Inflation eased more than expected in early 2024. Since the BOC's last hold in January, there have been no “big surprises” in Canada’s economic data and outlook. So why not drop rates?

Well, one reason, says TD Bank senior economist James Orlando, is that the stronger-than-expected GDP figures in late 2023 have put little pressure on Bank of Canada officials to lift rates and stimulate the economy.

But it’s also worthwhile looking more closely at inflation.

While annual inflation cooled over January, declining to 2.0 % from 3.4% the previous month, specific components of the consumer basket, such as food, health, and personal care, are still hovering above 3%.

Among the highest in the consumer basket? Shelter. In other words, housing.

In fact, BOC Governor Tiff Macklem highlighted “persistently high shelter inflation as the biggest contributor to the rising cost of living”, suggesting that the BOC is at least somewhat cautious about the impact rate drops may have on the cost of housing.

Enter the Calgary real estate market

Despite one of the fastest rate hike cycles in Canadian history, the Calgary real estate industry continues to set price appreciation records into 2024. Why? Well, simply put, supply and demand.

Over the past two years, Calgary has seen unprecedented numbers in both interprovincial and international migration. The influx of new Calgarians stimulated record demand for housing, with historically low supply levels.

To give some perspective, supply levels did actually increase this February. However, with four sales for every five new listings on the MLS, the increase in listings did little to ease inventory supply.

As a result, in February 2024, 2134 homes were sold, up from 1738 in February 2023, a nearly 23% increase — leading to a 10.3% increase in the benchmark price over the previous year.

What does this have to do with interest rates?

Great question. Most of it comes down to basic laws of supply and demand.

With the benchmark rate steady at 5%, buyer confidence increases. Many economists and investors anticipate that if or when rates do come down, a wave of new buyers is likely to enter the market, further increasing demand.

Combine that with an already competitive Calgary real estate market hungry for supply, and, you guessed it, prices go up.

It is impossible to predict how many people are waiting for interest rates to drop and how rate drops will impact prices. Yet, there’s a potential scenario in which many buyers waiting out rate drops end up paying significantly more for a house than they would today.

https://globalnews.ca/news/10338646/bank-of-canada-interest-rate-march-2024/

Situation. Situation. Situation.

What should you do?

At TB Real Estate Team, we counsel clients to balance current events and market speculation against their current situation.

In other words, when deciding when and where to buy a home, trying to time the market should never take precedence over your family’s circumstances.

For example, suppose you can buy the home you need within your price range and comfortably afford payments at current interest rates. In that case, it might be worthwhile to weigh out the options of buying now versus waiting for rates to come down and ending up in a situation where prices are higher, and there’s even more competition.

On the other hand, if you are in a position where taking on a mortgage at current rates would stretch your family’s budget beyond what is manageable, then making a potentially detrimental financial decision based on speculation is not advisable.

As we like to say at TB Real Estate, it’s all about situation, situation, situation.

So, if you're considering a move and want professional guidance, don’t hesitate to reach out.

2024 Calgary real estate market trends and what’s ahead for 2025

Tue, 12 May 2026 17:47:31 GMT

The past year was another dynamic one for Calgary real estate.

Marked by continued price growth, persistent supply challenges among lower-priced homes, and the long-awaited shift toward more balanced market conditions, home buyers and sellers saw a little bit of everything.

With 2024 drawing to a close and many of our clients asking what they can expect in Calgary real estate this coming year, in this month’s blog, we reflected on a few key trends that shaped Calgary’s real estate market this year and developments that may impact what the future holds for 2025.

Strong out of the gates but a slower, steadier finish

The tale of two markets

While the supply of homes priced over $700,000 has steadily increased month-over-month, easing conditions for buyers shopping at higher price points, lower-priced homes — especially semi-detached and detached — remained comparatively scarce when coupled with the high demand for more affordable housing options.

Additionally, many home builders focused on keeping new townhomes and condos as rentals—a strategy influenced by favourable lending rules—exacerbating the limited availability in this segment.

As of November 2024, the Calgary Real Estate Board’s (CREB) monthly market report highlighted ongoing supply shortages for lower-priced homes.

Looking ahead to 2025

Land Rezoning - It will take time to determine the long-term impacts of 2024’s blanket rezoning land use re-designations. Still, we are seeing an uptick in development permits submitted in Calgary neighbourhoods previously zoned R1. Despite the contentious nature of the city’s rezoning, they should increase the supply of rowhouses and townhomes throughout 2025 in neighbourhoods that were previously single-family home communities.
New Construction - More homebuilders are leaning into townhome developments. Although concerns about oversupply and profitability linger for rentals, some are exploring the market gap for townhomes for sale, driven by sustained demand for affordable ownership options.
Speculative Investment - During the red-hot market in 2022, many speculative investors from out-of-province invested in pre-construction projects, betting they would dramatically increase in value by completion time, a gamble that was successful in Ontario and BC. With many of these projects finishing soon and in 2025 and not having increased in value as anticipated, many investors will be looking to sell to cut losses or put units up for rental, increasing supply to the housing or rental markets.
Immigration Slowdown - Following two years of record migration, Calgary is expected to see a continued slowdown in international and interprovincial migration, which could ease demand in both rental and housing markets and further contribute to the stabilization of supply and demand.

Final thoughts

Lower housing prices with higher average incomes when compared with other major cities
The lowest tax rate in Canada
An entrepreneurial spirit and economic diversification, in addition to a robust oil and gas industry
A young and educated population
Renewed government investment in public projects and infrastructure

Whether you’re a buyer, seller, or investor, Calgary’s long-term potential makes it a city worth watching, and 2025 could see favourable buying opportunities for investors and home buyers.
Have more questions? Send us an email or give us a call. We’d be happy to chat with you.

Why More Calgarians Are Rightsizing Over Resizing

Sat, 09 May 2026 01:55:33 GMT

In real estate, you often hear about upsizing or downsizing. But for many Calgarians, the smarter move isn't always about going bigger or smaller — it's about choosing a home that fits your life right now.

Rightsizing is more than just a real estate transaction; it's a shift in mindset. It's about making intentional, financially empowering decisions based on how you want to live and what is genuinely essential to you or your family, rather than outdated expectations or one-size-fits-all advice.

Whether you're an empty nester or simply craving more freedom and less stress, rightsizing means choosing a home that aligns with your broader goals, needs, and desires that extend beyond square footage.

Read on to learn more about rightsizing and determine whether it's the right move for you.

What Does Rightsizing Really Mean?

Traditionally, the two primary factors considered when buying a home are size and location. There's no doubt these factors remain essential. But rather than focusing solely on size or chasing trendy locations, rightsizing challenges conventional thinking by asking:

“What truly fits my life right now when I consider priorities beyond space and size?”

Perhaps your children have moved out, and your extra rooms have become storage areas filled with unused items. Or maybe working from home has completely altered your commuting needs. You may be ready to trade your time-consuming yard and hefty utility bills for more travel or leisure opportunities.

The bottom line is that rightsizing isn't about settling or sacrificing, as many people assume. Instead, it’s about aligning your home with your lifestyle, needs, and aspirations. It's not just a space upgrade; it’s a practical lifestyle upgrade.

Benefits of Rightsizing

Rightsizing is driven by more than just emotions. It can also be a financially and functionally wise decision, offering benefits that extend well beyond peace of mind.

Here are three key ways to think about the benefits of rightsizing:

Space with Purpose

Every room earns its keep. Many homebuyers end up with more space than they truly need or use, influenced by the belief that bigger is always better. In reality, unused space costs you money. Rightsizing doesn't necessarily mean smaller; it means finding a home where every space serves a purpose and is enjoyed daily.

Less Stuff, More Freedom

Generally speaking, more space often means more stuff. While it's essential to surround yourself with items that bring you joy, the constant accumulation of belongings not only drains your financial resources but also consumes your time (for cleaning and maintenance) and space.

Rightsizing encourages smarter storage and a minimalist mindset, focusing on owning things you genuinely use and enjoy, rather than items you feel obligated to have but never use (like that rarely-watched third TV).

Cost Savings

Rightsized homes typically mean lower taxes, reduced heating costs, and less upkeep. Additionally, fewer moves mean saving on Realtor® fees and associated costs over time.

Suppose your family moves three times over 20 years. Based on Calgary’s median home price of $595,000, the typical commission on those three sales could exceed $60,000. That’s money better invested elsewhere, such as in the stock market or other real estate opportunities.

How Do You Know if Rightsizing is ‘Right’ for You?

Of course, rightsizing isn't for everyone. If your family is growing or you anticipate expanding your household, you might genuinely need more space, not less.

If you thrive on entertaining large groups, require significant hobby space, or run a home-based business that demands ample square footage, moving to a smaller or simpler space could become more frustrating than freeing.

You might also want to hold off if:

You're uncertain about your long-term plans.
You're emotionally attached to your current home.
You're downsizing solely for financial reasons without gaining lifestyle improvements.

Rightsizing should always feel like a step forward, not a step back.

Final Thoughts: Going Against the Grain

If you're genuinely interested in rightsizing, you need to feel comfortable going against the grain or stepping outside conventional expectations.

Ultimately, rightsizing is about rewriting the narrative that says you must chase bigger homes or keep up with market trends. By choosing a home that genuinely suits you, you gain control over your finances, your time, and your space.

And, in Calgary, where you still get excellent value compared to other major cities, this strategy is both practical and empowering.

Rightsizing is about much more than real estate—it's about designing a life that reflects who you are and where you're headed. The "perfect home" isn't necessarily the biggest or the trendiest. It's the one that provides clarity, comfort, and the freedom to focus on what truly matters most.

Ready to find your perfect fit in Calgary?

Connect with our team today for a personalized consultation. Let’s discuss how rightsizing can help you achieve the lifestyle you deserve.

What Calgary Buyers Are Prioritizing in Today's Balanced Market

Sat, 09 May 2026 01:55:02 GMT

After several years where sellers held the upper hand, Calgary’s real estate market has entered a more balanced phase. Buyers now have more choices and more time to weigh their options. According to the Calgary Real Estate Board (CREB), inventory has increased by just over 48%. year-over-year, with the months of housing supply continuing to rise.

For sellers, this shift means that making your home competitive is more essential than ever. As Calgary’s benchmark home prices dropped four percent from August 2024 to 2025, features and presentation are playing a larger role in capturing buyers' attention.

So what exactly are Calgary buyers prioritizing in 2025? Beyond the traditionally high-ranking factors of price and location, lifestyle-driven and future-focused features that reflect Calgary’s unique living environment are generating more interest.

Read on for a concise summary of these recent trends, along with some suggestions for sellers looking to capitalize on them.

Smart Tech That Simplifies Daily Life

Convenience, security, and efficiency are at the top of today’s buyers’ wish lists, and smart home technology delivers on all three.

From smart thermostats and security cameras to water leak sensors, buyers increasingly appreciate technology that makes life easier and safer. While these features are often seen as ‘nice-to-haves’ rather than deal-breakers, showcasing them can still set a home apart, especially as connected appliances and new smart home integrations continue to rise with early adopters.

And numbers suggest it’s not just a fad: the Canadian smart home market is projected to reach $4.18 billion in 2025, growing at nearly 10% annually toward 2030.

While many new Calgary builds already showcase integrated smart systems, sellers of older homes can still gain an edge. Adding a smart thermostat, video doorbell, or smart locks can modernize your property’s appeal in today’s balanced market. However, they should never be prioritized over essential preparations, such as decluttering, proper staging, deep cleaning, and paint touch-ups.

Flexible Living Spaces Buyers Can Adapt

Square footage is important, but today’s buyers also want flexibility. Families are seeking homes that can adapt to evolving needs, whether that means:

A home office that doubles as a guest bedroom
A basement that transitions between a playroom and a gym
A den that can be designed and repurposed depending on needs and use.

In Calgary, where multi-generational living is also on the rise, adaptable layouts are especially attractive. More buyers are prioritizing right-sized homes that can evolve with them, over sheer size alone.

Sellers can benefit by highlighting potential uses for rooms — or even staging them to show versatility. When buyers can picture themselves growing into a space, it increases the likelihood of receiving a competitive offer.

Sustainable and Energy-Efficient Choices

Eco-friendly living has shifted from niche to mainstream. Buyers are increasingly drawn to homes with energy-efficient windows, high-performance HVAC systems, and water-saving fixtures. With utility costs rising, sustainability is about more than environmental impact — it’s also about long-term financial savings.

CMHC’s 2025 Mortgage Consumer Survey found that 61% of buyers identify energy efficiency as a key factor in their purchase decision. With 58% of Canadians paying the maximum they feel they can afford, many are seeking ways to lower their utility bills to offset strained budgets.

Sellers who have invested in upgrades should showcase them by sharing utility bills or highlighting features such as triple-pane windows, tankless water heaters, or solar readiness. Even more minor improvements, such as low-flow faucets, demonstrate a commitment to sustainability and can resonate with buyers.

(Pro tip: the best way to save on energy costs is to monitor utility bills, set monthly reminders to take advantage of fluctuations and changes in fixed versus variable rates)

For sellers with older homes, there’s no need to panic.

Cost-effective upgrades, such as programmable thermostats, added insulation, or updated appliances, can enhance perceived value, though buyers will still pay a premium for homes that are well-maintained and clean. Simple steps like a deep clean or paint touch-ups can go a long way in maximizing value without requiring a significant upfront investment.

The Calgary Perspective

While many buyer priorities are universal, others are uniquely Calgarian. Due to our city’s climate and lifestyle, Calgary buyers consistently place a high value on features such as:

Mudrooms and storage space for managing long winters
Oversized garages that accommodate trucks, SUVs, and extra gear
C-train or bus transit access, especially as the city expands
Lifestyle and community amenities, such as lake access or proximity to natural spaces
Lots that offer privacy, back onto green space or provide easy access to it

Sellers who emphasize these lifestyle-driven features in their marketing are more likely to stand out in today’s balanced market.

In Summary

As Calgary’s real estate market stabilizes, buyers are becoming more discerning and seeking homes that offer more than just price and location.

Innovative technology, flexible layouts, and sustainable features are at the forefront, with Calgary-specific details, including storage, garages, and lifestyle amenities, adding even greater appeal.

If you’re planning to sell, now is the time to showcase how your home delivers on these priorities. With the right strategy, you can ensure your property doesn’t just compete — it captures buyers’ attention.

Thinking about selling your home?

Our team can help highlight the features buyers value most in 2025, so your property stands out in today’s balanced Calgary market.

Contact our team now!

What Calgary Homeowners Should Know Before Choosing

Sat, 09 May 2026 01:50:49 GMT

After several years of rate volatility, mortgage rates in Canada are finally finding balance. As interest rates stabilize, many Calgary buyers and homeowners up for mortgage renewal are asking the same question: Is it better to lock in or stay flexible?

With economists offering mixed signals about what’s next for interest rates and Calgary’s housing market trending toward more balanced conditions, one thing is clear — there’s no single right answer for everyone.

The best mortgage choice for you depends on a combination of intersecting factors, including your personal financial situation, risk appetite, and long-term goals, making it as much a strategic decision as a financial one.

Read on to learn more about current rates, market conditions, and the pros and cons of rate options depending on your unique scenario.

Rates Are Levelling — But So Are the Differences

As of late 2025, the Bank of Canada’s overnight rate sits at 2.50%, following several small but significant cuts — its lowest point since 2022. In Calgary, five-year fixed mortgage rates now average 4.09% to 4.44%, depending on your lender and credit profile, while five-year variable rates are hovering just below fixed rates, at around 3.95% to 4.20%.

This near parity is unusual. Typically, fixed rates carry a premium to reflect future uncertainty, while variable rates are priced lower to entice borrowers willing to take on economic and market risks.

Why are Fixed and Variable Rates So Close?

While the shrinking gap between fixed and variable interest rates can be attributed to several different factors, much of it comes down to stability. In shifting from aggressive tightening to signalling potential cuts, the Bank of Canada has reduced the need for lenders to price in large cushions to accommodate their risk. In other words, when the central bank policy rate holds steady, both fixed and variable products tend to meet in the middle.

Bond markets also play a key role in where mortgage rates land. As fixed rates are tied to government bond yields, the recent dip in yields, fueled by concerns over slower economic growth and easing inflation, has helped bring fixed mortgage rates down.

Meanwhile, variable rates, which move with the Bank of Canada’s prime rate, have held steady due to the central bank being cautious about making deeper cuts, further narrowing the gap between fixed and variable rates.

Fixed-Rate Mortgages: The Case for Predictability

For many homeowners, choosing a fixed-rate mortgage isn’t about finding the absolute lowest rate; it’s about peace of mind. Fixed rates offer predictability, ensuring your payments stay the same for the entire term. That simplifies long-term budgeting and eliminates the stress of wondering what might happen if rates shift again.

This approach is especially appealing for households with limited financial flexibility, those on fixed incomes, or families planning to stay in their homes for several years. Even if rates dip slightly, paying a bit more for stability can feel worthwhile, serving as a kind of insurance against the unexpected.

Fixed rates also offer protection if forecasts turn out to be wrong. Should inflation resurface or global pressures force the Bank of Canada to raise rates again, borrowers locked into fixed terms would be shielded from sudden payment increases. After the rapid hikes of 2022 and 2023, that kind of security feels more valuable than ever.

Pros:

You know precisely what you’ll pay each month.
Protects you from unexpected rate hikes.
Peace of mind — especially if you’re planning to stay in your home long term.

Cons:

Often higher than variable rates.
Breaking the mortgage early can carry significant penalties.
Locked into your rate until the term ends, even if rates drop.

Could Fixed Rates Become Cheaper?

Yes, it’s always possible that fixed rates could drop.

If bond yields were to fall due to economic data or global uncertainty driving investors toward safer assets like government bonds, fixed mortgage rates could drop a little further. A downward shift in yield would give lenders more room to lower fixed rates in a meaningful way.

That said, most forecasts still suggest variable mortgages will keep a slight edge through late 2025 and into 2026. However, the gap between the two will likely stay narrow, and the days of variable rates offering a full percentage-point advantage over fixed rates are probably behind us for the foreseeable future.

Variable-Rate Mortgages: The Case for Flexibility

A variable-rate mortgage moves with the Bank of Canada’s policy rate, meaning your payments can fluctuate. Variable mortgages come in two main types:

Adjustable-rate (ARM): Your payment changes as rates move. When rates drop, your payment decreases; when they rise, your payment increases.
Fixed-payment variable: Your payment stays the same, but the balance between principal and interest shifts. When rates drop, you pay down your mortgage faster; when they rise, progress slows — and if rates climb too high, you may hit a trigger point requiring a higher payment or conversion to fixed.

In short, lower rates don’t always mean more monthly cash flow unless you lock in or have an adjustable plan — but they can help you build equity faster.

Plus, beyond rate movements, variables also come with a few structural advantages. The penalties for breaking them are typically much lower than with fixed mortgages — an essential consideration if you plan to move, refinance, or make larger prepayments before your term is up. Most variable products also allow borrowers to convert to a fixed rate mid-term without penalty, providing the flexibility to adapt if conditions change.

Pros:

Potential to benefit if rates decline.
Easier to pay down or refinance early.
Good fit for short- to mid-term ownership plans.
Can lock into a fixed rate for the remainder of the term if the fixed rate is lower
The payout penalty is usually lower if you discharge the mortgage (i.e., sell the property).

Cons:

Rising payments if rates increase.
Greater exposure to market volatility.

History Favours the Bold

Looking back historically offers a valuable perspective on variable-rate mortgages. Interestingly, between the 1950s and 2000, Canadian homeowners who chose variable mortgages came out ahead about 90% of the time.

After the 2008 financial crisis, when central banks slashed rates to stimulate growth, variable borrowers again saw meaningful savings. And during the pandemic, variable rates dropped to record lows (in some cases as little as 0.88%) while fixed rates stayed higher due to uncertainty in the bond market.

But history also reminds us of the risks. In 2022 and 2023, variable-rate borrowers felt the sting of the fastest rate hikes in decades. Monthly payments jumped by hundreds of dollars, quickly erasing the advantage variables had offered. That experience remains fresh for many homeowners, making risk tolerance a far more critical part of the mortgage decision than it used to be.

In Summary

As Calgary’s market finds its balance and interest rates begin to steady, the decision between a fixed or variable mortgage isn’t about finding the one “right” answer; it’s about finding the right fit for you.

Choosing a mortgage today requires more than comparing numbers. It means looking honestly at your financial situation, lifestyle, and comfort level with risk. Fixed rates can bring calm and predictability for households that value security, while historically, variable rates have rewarded those with flexibility and a higher tolerance for risk.

What matters most is understanding how each option aligns with your personal goals. Whether you prioritize steady cash flow or the possibility of long-term savings, your mortgage choice should fit your overall financial rhythm — not the other way around.

At the Trung Bien Real Estate Team, we believe good real estate decisions come from a clear strategy, not guesswork.

Thinking about your next move?

Our team can help you evaluate your options, connect with trusted mortgage professionals, and build a plan that’s right for your home, your budget, and your peace of mind.

Connect with us.

Why Lifestyle (Not Timing) Is the Primary Factor to Consider

Sat, 09 May 2026 01:49:59 GMT

There’s a familiar homeownership dream: you’re ready to buy a home now but can’t yet reasonably afford a semi-detached or detached house, so you purchase a new, more affordable condo you can enjoy today, planning to eventually upgrade as values rise.

However, unlike cities such as Toronto and Vancouver, where condo prices have soared over the past decade alongside the broader real estate market, Calgary hasn’t followed that script.

Calgary’s story has been one of slower appreciation with some backpedalling. Compared with other Canadian markets, condo values in our city have been more modest, with occasional dips that take time to correct.

So, if you’re considering purchasing a condo in Calgary, here are some essential, market-specific points to help guide your decision before you buy.

Oversupply Generally Shapes Calgary’s Condo Market

Calgary isn’t short on ambition. Our skyline has grown steadily, like other metropolitan cities, with new towers rising from the Beltline to the East Village. And with the recent surge in international and intraprovincial migration, it would be easy to assume condo prices are likely to steadily rise, as they have in Toronto and Vancouver.

But the numbers tell a different story. From 2021 to 2024, many Calgary condo owners were thrilled to see the median price increase to $342,200 — a nearly $75,000 advance from 2015 (see chart below).

While those numbers may seem encouraging, consider that in Vancouver, during the same period, condo prices increased by almost $400,000.

It’s also worth noting that in the first half of 2025, median condo prices in Calgary decreased by approximately $7,000 to $335,300. This indicates that, although inner-city construction has surged, demand for condos has returned to relatively modest levels, and it’s currently a buyer’s market again for condos in Calgary.

Why?
In addition to record migration rates finally slowing, it’s essential to remember that geographically, Calgary has room to grow as well as the zoning flexibility that allows for continued development of affordable single-family homes on the city’s outskirts.For many buyers — especially young families moving from pricier markets — detached housing in Calgary remains within reach, pulling demand away from condos and reducing the urgency that typically drives condo price appreciation in denser cities.The result is generally high inventory, often stagnant prices (especially in downtown areas), and a slower-moving condo market, particularly for properties without standout features.

So What Does That Mean for Buyers?

The decision to buy—or invest in—a condo in Calgary should be grounded in the realities of our market, not just timing or speculation.

Too often, buyers enter the market thinking, “I’ll get in now, ride the market up, and upgrade later.” But in Calgary, that logic can backfire. With median condo values growing slowly and even declining at times, there’s no guarantee you’ll build the equity needed to trade up or cash out when the time comes.

Over the years, we’ve seen many buyers get stuck: unable to sell without taking a loss, or holding onto a unit longer than planned while waiting for the market to recover. For example, in 2015, the median condo price in Calgary was $270,800. By 2021, it had decreased to $247,900. The average buyer who purchased a condo in 2015 would have had to wait approximately 8 years until 2022/23 for median prices to rise above their purchase price.

The same caution applies to investors. If your primary goal is appreciation, Calgary’s condo market may not deliver the returns you're hoping for. High inventory, flat pricing, and ongoing competition from newer buildings make it challenging to speculate on price increases or profit from resale.

Lifestyle First: The Real Reason to Buy a Condo in Calgary

Despite the market-specific realities, condos can still be a fantastic option for many people—if they support or enhance your lifestyle goals, not just your financial ones. Rather than chasing appreciation, potential condo buyers should focus on lifestyle fit.

Ask yourself:

Do you value walkability and being close to the action?
Do you anticipate your family size staying the same for the next 3–5 years?
Is low-maintenance living a priority?
Do you travel often or want a home you can lock and leave?

If you answered yes to these questions, a Calgary condo could be the right choice.

Find the Right Fit for You

The benefit of having a high-inventory condo market, as we do in Calgary, is that you typically have a wide range of options to choose from, so there’s no need to rush your decision.

We always counsel buyers to take their time. The best condo isn’t always the flashiest — it’s the one that fits your life like a glove. A well-chosen condo offers flexibility, ease, and freedom. Amenities such as concierge service, underground parking, and on-site gyms can genuinely enhance your daily life.

Focus on how the property enhances your day-to-day living. Will it simplify your routine? Offer walkability? Let you downsize with dignity?

It’s helpful to spend significant time in the neighbourhood before buying. Experience the area over a few seasons. Make sure it’s somewhere you’ll thrive, not just tolerate. And remember, not all buildings are equal.

Be selective:

Look for well-managed properties with healthy reserve funds.
Choose locations with staying power, not just hype.
Understand condo fees and what they cover.

Final Thoughts

Ultimately, buying a condo in Calgary isn’t about trying to time the market. It’s about making a choice that aligns with how you want to live. In a city with more space and more options, clarity around your lifestyle priorities matters more than chasing short-term gains.

Condo ownership can be advantageous when it’s rooted in purpose. When your purchase aligns with your needs, your rhythms, and your future plans, you’ve already made a wise investment, regardless of how the market moves.

Ignore the noise. Skip the speculation. Focus instead on what matters most: your quality of life.

When you buy for lifestyle over timing, you gain peace of mind, everyday comfort, and a home that works for you.

—

Want to chat more about the pros and cons of buying a condo in Calgary’s market?

📞 Call us today at 403-401-4222

💬 Or reach out online at www.trungbien.ca

How to Price Your Home Strategically in a Balanced Market

Sat, 09 May 2026 01:29:05 GMT

If you’re preparing to sell your home in Calgary, pricing it right becomes more essential as our market shifts into balanced conditions, where supply and demand are relatively equal with fewer multiple-offer scenarios than we’ve seen in recent years.

Today’s market demands clarity, precision, and strategy, and that’s where strategic pricing comes in.

Strategic pricing is more than just picking a number you “hope” to get. It’s a deliberate, data-backed approach that factors in buyer behaviour, comparable sales, local trends, and your home’s unique condition.

When done correctly, strategic pricing helps your property stand out, attract the right buyers, and sell at the best possible price — all without sitting on the market longer than necessary.

Let’s take a look.

Understanding List Price and Sale Price

Before we get into how to price your home, it’s essential to understand the difference between two often-confused terms: list price and sale price.

List price is your home’s asking price: what you publicly market it for. It sets the tone for how buyers perceive your property and determines how it appears in online search criteria based on buyers’ search conditions.

Sale price, on the other hand, is the final agreed-upon amount between buyer and seller after negotiations.

In a balanced market, the gap between list and sale price can reveal a lot about your pricing strategy. If you list too high, you may receive little traffic, sit on the market for extended periods, and ultimately settle for a lower sale price after reductions and prolonged negotiations.

If you list too low, hoping to spark a bidding war (two or more offers in the same time period) or receive multiple offers sequentially in a short period, that strategy may no longer pay off. With fewer multiple-offer situations, you risk selling below market value, especially if the right buyers aren’t watching.

Factors that Influence Strategic Pricing

In a balanced market, buyers are doing their homework. They’re comparing sold prices, looking for value, and skipping over listings that feel inflated. A well-priced home signals transparency, realism, and confidence.

Strategic pricing is the process of finding that ideal pricing position—not too high, not too low—for current market conditions to make it approachable for an offer.

Ultimately, the goal of strategic pricing is straightforward: to attract the right buyers early, create momentum, and convert interest into strong offers that result in successful closings. This isn’t guesswork—it’s a formula that weighs some essential factors:

Comparable Sales (Comps) – Start with what has sold, not what’s listed. Look at recent, similar properties that match your home’s size, style, condition, and location whenever possible. The more recent the sale, the better. Remember: buyers are using the same data. If your home is priced significantly above similar properties that just sold, they’ll be advised of that by their Realtor®.

Days on Market (DOM) – Homes that sit on the market too long raise red flags. In a balanced market, buyers assume stale listings are overpriced or flawed in some way. Setting your price too high at the outset often results in fewer showings, followed by price drops, and ultimately, less-than-desirable offers.

Property Condition and Upgrades – Does your home shine, or show its age? Buyers pay more for properties that feel move-in ready. If your home is clean, updated, and staged well, you can push the upper end of your pricing range. If your home needs cosmetic updates or repairs, be realistic: buyers will factor those costs into their offer. Pricing accordingly can help you move the home faster and avoid lengthy negotiations.

Location and Micro-Market Trends – Calgary isn’t a monolithic market. Trends can vary dramatically between apartments and semi-detached or detached homes, as well as between neighbourhoods, depending on factors such as school zones, proximity to transit, upcoming developments, and neighbourhood amenities.

Seller Motivation and Timeline – Your pricing strategy should reflect your goals. If you need to sell quickly due to a relocation, job change, or financial responsibilities, it makes sense to price competitively from the start. If you have flexibility and the home is in top condition, you might explore the upper edge of market value without stretching into wishful thinking.

Strategies for Setting the Right Price

Once you understand the influencing factors, the next step is putting them into practice with proven pricing tactics. Here’s how to price your home smartly and avoid common mistakes:

Work With a Local Real Estate Expert
A seasoned agent understands current buyer behaviour, micro-market trends, and negotiation dynamics. They’ll complete a detailed market evaluation using real sales data — not opinions or outdated comps — and help you interpret the numbers based on your unique situation.

Consider Price Bracketing
Many buyers search using price filters (for example: $700K–$750K). Pricing just below a standard threshold, such as $749,900 instead of $750,000, can place your listing in front of a wider audience and create a psychological impression of better value. At the same time, buyers with a search criteria of $750k+ won’t see your listing. So, the pros and cons of pricing for a particular bracket should always be discussed with your Realtor®.

Incorporate Psychological Pricing
Numbers like $724,900 “feel” more approachable than $700,000 or $725,000. These subtle pricing choices help your listing stand out online and encourage more clicks and showings. However, it's best to use numbers that don’t fall on the bookends of typical search brackets, such as $700k+, and risk being filtered out of a buyer’s search criteria.

Avoid These Common Pricing Pitfalls

Overpricing: Setting the price too high is one of the most frequent — and costly — mistakes sellers make. It often results in reduced showings, inevitable price reductions, and ultimately, weaker offers. Some sellers believe that pricing high leaves room for negotiation or invites low-ball offers. But in Calgary’s market, where buyers tend to be respectful and less inclined to submit aggressively low offers, an overpriced home may be quietly passed over entirely.
Underpricing Without Strategy: May result in a fast sale, but leaves money on the table, especially if it doesn’t trigger a bidding war.
Emotion-Based Pricing: Pricing your home based on what you “need” or what you “put into it” rather than what the market will support is risky. Buyers aren’t paying for your memories—they’re evaluating value.

Final Thoughts: The Right Price Gets You the Best Price

In a balanced market, your pricing strategy sets the tone for everything that follows: marketing, showings, negotiations, and ultimately, your sale price. The most successful sellers don’t chase the market. They lead it with clarity, precision, and insight.

Strategic pricing isn’t about being conservative. It’s about being smart. It positions your home to attract interest, create momentum, and inspire strong offers, all while protecting your bottom line.
Every home and every market is different.

Wondering what your Calgary home is worth? Our team offers a complimentary strategic pricing consultation that includes a detailed market evaluation, local trend insights, and a personalized pricing strategy tailored to your goals.
If you're ready to sell smart in today’s market, our team is ready to help.

📞 Call us today at 403-401-4222
💬 Or reach out online at trungbien.ca

What First-Time Buyers Should Consider in a Balanced 2026 Market

Thu, 07 May 2026 15:21:02 GMT

If you’re a first-time buyer in Calgary right now, you’ve likely asked yourself the question more than once: Should I keep renting, or is it finally time to buy?

After several years of sharp price growth, rising interest rates, and intense competition, Calgary’s housing market has shifted into more balanced conditions. Prices have stabilized across many segments, and inventory has increased. As rents remain elevated in many categories and resale prices have stabilized or softened, many renters who felt priced out during the peak years are starting to re-evaluate.

But the rent-versus-buy question has never been just about the market. It is also about personal timing and alignment. Your income stability, risk tolerance, time horizon, and financial discipline matter just as much as market dynamics.

In this month’s blog, we break down what should drive first-time buyers’ decisions in Calgary today.

What Matters More: The Market Headlines or Your Personal Financial Reality?

For first-time buyers, the decision to rent or buy is less about where the market is heading and more about whether ownership strengthens your financial position and aligns with your goals over the next five to ten years.

Market conditions influence opportunity, but personal readiness ultimately determines sustainability.

In real estate conversations, public attention tends to focus on benchmark prices, interest rates, and migration trends. Those forces matter at a macro level. They shape affordability and sentiment. But in practice, we regularly see two buyers with similar incomes make completely different decisions. One may have strong savings discipline and low debt, or even financial assistance toward their down payment. The other may be carrying more consumer obligations or working with minimal cushion in their monthly finances.

The market may look the same to both, but their risk profiles do not. So the better question is not, “Is this a good time to buy?” It is, “Will buying improve my long-term position given my current foundation?”

Is Renting a Financial Mistake or a Strategic Decision?

Renting can be a disciplined and financially intelligent decision when liquidity, flexibility, or stability are still developing. The reality is that home ownership only begins to outperform renting when appreciation and principal repayment exceed transaction costs and carrying expenses over time.

Generally, the breakeven horizon falls in the 4- to 7-year range, depending on interest rates, property type, and appreciation patterns.

During the early years of a mortgage, a significant portion of your payment goes toward interest rather than principal. Add legal fees, inspections, closing costs, property taxes, maintenance, and eventual selling commissions, and short-term ownership can be more expensive than many first-time buyers anticipate.

We often walk clients through this reality using simple projections:

Mortgage interest vs. principal breakdown in years one to three
Total transaction costs of entering and exiting the market
Maintenance allowances and contingency reserves
Opportunity cost of tying up down payment capital

If you expect to move within a few years, or if entering the market would leave you with minimal emergency reserves, renting may preserve flexibility rather than weaken your position.

When Buying Makes Sense Financially and Structurally

Buying becomes compelling when your foundation is stable and your time horizon extends beyond short-term fluctuations. Ownership rewards discipline and patience more than timing or speculation.

If you plan to remain in your home for at least five years, your income is stable, and you can maintain healthy liquidity after closing, ownership can provide long-term leverage. Time in the market allows appreciation and principal repayment to compound in your favour.

The First Home Savings Account (FHSA) is also playing a meaningful role for prepared buyers. With up to $8,000 in annual contribution room and tax-deductible contributions that can be withdrawn tax-free for a qualifying purchase, it has become a practical tool for accelerating a down payment strategy. For disciplined savers, that advantage compounds quickly.

Without a sufficient time horizon or financial cushion, ownership becomes more vulnerable to transaction costs, rate changes, and short-term market swings. But when stability is present, buying shifts from being a risk decision to a wealth-building one.

What Costs Do First-Time Buyers Often Underestimate?

Comparing rent to a mortgage payment in isolation is one of the most common financial mistakes we see. Ownership carries additional costs that materially affect affordability.

Beyond your mortgage payment, ownership includes:

Property taxes
Insurance
Maintenance and repairs
Utilities
Condo fees or special assessments, where applicable
Opportunity cost of down payment capital

Renting, while not building equity, offers predictability and reduced exposure to unexpected expenses. The disciplined approach is to stress test the decision:

Could you carry the property if rates increased modestly?
Would you still feel comfortable if appreciation slowed?
Will you maintain reserves of at least 3 to 6 months after closing?

Ownership should feel stable, not tight.

What to Buy in Calgary’s Market?

Once you have determined that buying makes sense structurally, the next question becomes just as important: what are you buying?

In Calgary, land-based properties such as detached and semi-detached homes have historically demonstrated greater long-term resilience than higher-density units. The reason is structural. Land is finite, while condo inventory can expand more quickly, especially during active building cycles.

This does not mean condos are inherently a poor choice. However, buying a condo in Calgary with the expectation that rapid appreciation will quickly allow you to “move up” the property ladder is generally not a reliable strategy.

Property type and supply dynamics matter, and first-time buyers should enter the market with realistic expectations about how different segments tend to perform over time. In other words, if you’re making the decision to buy a condo in Calgary, this should align directly with your long-term goals and lifestyle and not unrealistic financial hopes about how the market will perform.

How Calgary’s Current Dynamics Are Creating More Opportunity for Buyers

For many potential first-time buyers who felt boxed out of the detached and semi-detached market segments, Calgary’s current supply dynamics are particularly relevant today.

During the peak of the market a few years ago, there were periods where fewer than 30 detached homes were available under $500,000. Today, there are closer to 96 homes in that price range. Increased entry-level inventory creates access that simply did not exist during tighter cycles.

At the same time, government incentives such as GST rebates on qualifying new builds, combined with builder incentives in a more competitive environment, are increasing the appeal of new construction. For some buyers, the decision is no longer rent versus resale. It is rent versus purchasing a brand-new home at a comparable monthly cost.

This combination of stabilized pricing, expanded inventory, and builder competition is creating opportunities for prepared buyers who were previously sidelined by limited options.

Final Thoughts: Readiness Over Pressure

In Calgary, homeownership has long been treated as a milestone. Renting is sometimes viewed as temporary or inferior, and that narrative can quietly influence financial decisions almost as much as market timing.

Buying to avoid embarrassment, meet social expectations, or act out of fear of missing out may feel understandable in the moment, but it rarely produces strong long-term outcomes.

In today’s balanced 2026 market, the rent-versus-buy decision is not about chasing momentum or status. It is about alignment.

With more entry-level inventory, builder incentives, and realistic pricing, there are more opportunities available to first-time buyers. But opportunity still requires discipline. The strongest first-time buyers are not the most aggressive. They are the most prepared.

Renting is not a failure. Buying is not automatically wealth-building. The right move is the one that protects your liquidity, respects your time horizon, and positions you for durable financial progress.

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If you are currently weighing your options, we would be happy to help you model both paths using your income, savings, and preferred property type so you can move forward with clarity rather than pressure.