The majority of Canada is tilted in favour of sellers rather than buyers, which is expected to continue in 2022. But one major urban centre is not showing signs of overheating or overvaluation. This is excellent news for young families and first-time homebuyers eager to break into the market.


The Canadian Mortgage and Housing Corporation (CMHC) has rated the Calgary real estate market as "low-risk". The rating doesn't translate to tepid activity, in fact, this local market is flourishing. According to the Calgary Real Estate Board (CREB), residential sales rose to 2,186 units in October 2021, up 24 per cent year-over-year.


The average home price in Calgary is up almost nine per cent year-over-year to $460,100. Inventory is beginning to tighten, but not at market levels seen elsewhere in the country.


Semi dethatched home in a new neighborhood


New housing construction has improved from 2020. Housing starts increased at an annualized rate of 27.8 per cent in October 2021, to 1,255. Year-to-date, housing starts in Calgary have topped 11,600, up from 7,443 in the first 10 months of 2021.


Sales over $1 million in Calgary were up 244% year-over-year, according to Sotheby's. Condos saw the most significant annual percentage gain of any luxury housing type. Young buyers and up-sizers are looking for top-tier homes at accessible prices.


Canada's luxury and conventional housing market will remain strong in 2021, according to the latest Canadian Real Estate Board (CREB) report. Low-interest rates, record cash savings and anxiety about the stock market will continue to drive demand for properties. Overseas buyers will flood into the market as travel restrictions gradually ease, CREB predicts.

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The median price of a single-detached home in Calgary is expected to rise by six per cent to $689,000 in the fourth quarter of 2022. The city's downtown revitalization and infrastructure projects such as the Green Line LRT and Event Centre are helping drive the boost.


The median price of a single-detached home in the Greater Toronto Area is expected to spike by 11 per cent a year from now, to $1,564,200. In comparison, the median cost of a condominium in Calgary is forecast to rise by two per cent.


The Canadian inflation rate hit 4.7 per cent in November, the highest in nearly 19 years. The stay-at-home effect of the pandemic has made larger homes more desirable. You will need strategy and diligence in locating a new property in the current market, but it can be done. Consider new developments (These can be found both inner city and on the outskirts) or buying in the surrounding communities of Airdrie, Cochrane, Okotoks, and so on.

Calgary family playing in a street

The median price of nearly $700,000 for detached homes is being skewed by a booming luxury market.

Calgary's unemployment rate is down to eight per cent, down from 8.9 per cent in October but still among the highest for major Canadian cities.

It is estimated currently that 30 per cent of prospective Calgary homebuyers are coming in from other municipalities.


Wondering about how to make your next move in 2022? Let us help you.

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With Anthem United's newest development slated for a 3-5 year completion, anybody who is looking to build or buy a new home in a SW Calgary Community needs to check out one of our favorite up and coming communities in the city.

New homes under Construction in Calgary, Alberta

  1. Great location and access to Major Roads 

 

This community gets you into the city through MacLeaod, Stoney or Deerfoot through Sherrif King St, 194th Ave and 210th Avenue. The new addition to the Stoney Trail ring road brings down commute time for all residents of the south! 

 

It’s never been so easy to get from a far SW community to the mountains, Canmore or Banff with the new ring road. Even temporarily having to cut through on Sarcee to get to Highway 1 is a pleasant and straightforward drive. 

 

  1. Ammenities: Some of the best we have seen in a new SW Calgary community recently

Playgrounds, new schools, a new Rec Center, pathway network, landscaping and ponds – This neighborhood has many of the perks of older established communities, and you can rest assured that your children won’t have to commute far for school! 

 

Also check out the Granary Road Market,  Cross Conservation Centre and Leighton Centre. The nearest mall is Southcenter Mall and the nearest urban hub is Seton 


  1. Pine Creek is slated to be finished construction in 3-5 years 

We have watched many suburban developments in the city take decades or more to finish. Great sales and strong management from this developer moving forward means they are expected to be completely finished with construction within a 3-5 year window.  


  1. No HOA 

The neighborhood is designed to offer all the modern conveniences of a master planned community without HOA fees. 


modern showhome kitchen


  1. Huge variety of Showhomes 

There is a wide range of detatched and attached units for sale in this 100% and if you are looking for more variety, nearby sister communities Belmont and Sirocco at Pine creek offer further variety. 

 

If you are interested in checking out some of the Showhomes in these communities, we would love to accompany you on your journey. Remember, a Realtor ® can negotiate upgrades and other terms in your purchase with a new developer that you may not necessarily be able to get otherwise. Give us a call and say “Hi” Today! 

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 The aggregate price of a home in Calgary is forecast to increase six per cent year-over-year to just over $600,000 in 2022. Sources say global economic conditions are resulting in a boost in energy prices, making Alberta an inviting place to live. 

The Omicron variant could also play into 2022's pricing surge. Companies may consider delaying any return-to-work policies, with the most prominent example being large tech firms such as Apple, as recently announced last week. One’s home and one’s workplace may be one and the same for the foreseeable future. 

infill development in marda loop

Building optimism in Calgary's Market: Infills such as the one pictured above are as common as ever. A new 113 unit proposal on Mission Road, a new Brookfield proposal for 22 rowhouse building, and a CMLC designed  Arts Commons expansion are just a few of the new projects that have been revealed in the past week

These conditions, in addition to a limited inventory, are expected to result in a "brisk" market for the city of Calgary. It may be some time until we see a buyer's market in the city.

Calgary is attracting young Canadians looking for affordable homes, desirable job opportunities and a modern, balanced lifestyle. Residents and prospective homebuyers look to infrastructure projects such as the new stadium and the Green Line as a sign of continued growth and optimism in Calgary’s Real Estate market. 

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As a home seller in Calgary's Market, the single most important action you can take is to price your home right.

realtor conducting a home evaluation

Many sellers are inclined to overprice their properties as a method of "trying things out," believing that they can always lower the price later, but overpricing will scare potential buyers away.

If you overprice your home, you run the risk of alienating potential buyers who would otherwise make an offer. Homes that are priced correctly will sell faster and for less money, generating more buyer interest and increasing the likelihood of multiple offers.

Red flags include overpricing and underpricing. You're either not serious about selling or you're in a hurry to sell. You'll have an advantage against sellers who don't understand the value of a well-priced home if you use fair market value.

A Market Evaluation is a free service that can assist you in determining the actual value of your property. A Home Evaluation is a free, simple, and obligation-free service that assesses your home's condition, location, and recent market value to provide a listing price.

You can start the process on my website instantly, and we can follow up with you for the next steps. Click here now!

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You will now be able to live inner city without needing to share hallways with your neighbours for the first time! This totally unique condo complex features an open court yard that allows lots of natural light to filter into the main rooms of the building.

Living in the stylish community of Sunalta, you'll approach your enormous corner house through a spacious entryway that has a large closet and is perfect for entertaining. In the following two rooms, you will find your second bedroom and second bathroom.

Bright and spacious living area with 2 bedrooms, 2 baths

There is a bright and spacious open concept living and dining space, as well as a kitchen. The elevated breakfast bar leads us into the kitchen, which is outfitted with maple cabinetry and elegant stainless-steel appliances that are within easy reach. In addition, you can simply access the grill on your south-east balcony from here.

Located directly east of downtown core

The spacious primary bedroom with a full ensuite features vessel sinks, and the primary walk-in closet completes this area, which also includes in-floor suite heating. Store your belongings in the lockable storage locker provided, and park in the secure, heated underground parking garage.

Each unit has access through courtyard connected to elevator landing

A highly sought inner-city location, this home is close to shops, banks, cafes and restaurants as well as high schools and colleges, SAIT and Co-op, as well as the Bow River, make it an excellent choice. Access to walkways, 17th Avenue, Crowchild Street, 14th Street, and the Sunalta LRT station are all within walking distance. Even though there is a lot going on, the neighbourhood is calm and serene. With many shops and businesses opening their doors nearby, Sunalta is the up and coming inner city neighborhood to watch! Don't wait any longer, contact to schedule a viewing today!


You can view the full listing here.

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Interest is largely driven by the relative affordability of Calgary compared with major centers like Toronto.

The situation garnered national attention this past month after the Bank of Canada raised concerns about speculative buying driving up prices. One-quarter of all purchasers in Ontario had previously purchased a home, implying that they are speculative investors.

Over the same period, the market share for first-time buyers has been flat, as has that of buyers moving from one home to another. The report notes the shift could be caused by a reduction in foreign investors because of a speculation tax for non-residents.

The benchmark resale price for an apartment condominium in Calgary is about $252,000, compared with $700,000 in Toronto.

Similarly styles building to MODA's Newly proposed East Village Condo

Developers and architects in Calgary such as MODA are creating some very compelling condo's like we've never seen. We can't show you these exclusive posted but can you link you to the source HERE

Institutional investors are aiming to diversify their portfolios beyond Vancouver, Toronto, and Montreal by investing in Alberta's booming multi-family properties. He claims that buying condominiums in Calgary would result in more rentals in the market and assist to alleviate the glut of inner-city condos.

How can local Calgarians compete with these investors? We've seen some legislation that serves to open up a portion of units to local buyers. Realtors are often also able to negotiate with developers when they open up the first phases of pre-sales. 

You can also follow us on YouTube for our upcoming special on Real Estate Investment, we will explain how anyone can get in on property investment, not just huge companies!

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In 2021, Calgary real estate is expected to climb by 3% to slightly over $470,000. Upsizing and first-time buyers are driving demand house sales. These purchasers choose single-family homes.

In Calgary, the average starting price for a luxury home is $750,000. The current condo supply in the city is 7 months, and this is unlikely to alter in the next 1-2 years. Last year, the most popular areas for home sales were Northern, Southern, and Northern/Central Western Calgary.


Because of their closeness to amenities and transit, the North Central and South Central neighbourhoods of Calgary will remain popular in 2021. In Calgary, the number of new houses being built is sufficient to meet present demand, and new home prices are very competitive. We foresee robust national house price gains as a result of the significant re-location trend in the Canadian housing market.


A persistent and broad housing supply shortage will almost probably endure, creating obstacles for buyers and driving up prices. In early 2022, relocating buyers from other cities and provinces will continue to boost market activity. 52 percent of Canadians believe real estate will be a smart investment in 2021.

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 1. Painting – Fresh and Simple

Cost: $1000-$3000 (depending on house size, paint product, and labor)

Buyers are looking for neutral hues like white, beige, or soft grey throughout. We’ve been hearing more and more how it is a turnoff for buyers when each room is a different color. Several well placed accent walls may be a good idea, but keep in mind you cannot predict the taste of buyers.

Hardwood flooring is the most desired floor covering Calgary homebuyers expect

2. Flooring Revamp

Average $750 for a single room to 5 figures for outfitting a large home with a luxury product.

Buyers may prefer a homogeneous flooring look. Experts say many customers anticipate hardwood or synthetic vinyl hardwood.

Whatever is in your home, we would prioritize removing outdated carpet, such as brightly colored carpet, and worn carpet.

If you are just replacing certain sections, make sure it complements the other existing floor. Do not mix two types of hardwood, or a synthetic hardwood and a real hardwood. Do not mix two different wood grains, styles or colors in close proximity.

Updated Calgary Kitchen

3. Kitchen Cabinetry: Before selling your home, take advantage of some of Calgary’s low-cost kitchen retrofitting contractors.  

Costs range from $500+

We still recommend white, simple, sleek kitchen designs. There are a few contractors in Calgary who specialize in quickly updating dated kitchen cabinetry. If the kitchen contains different colors, painting the walls white will help lighten the room. New hardware, such as hand pulls, can also enhance kitchen cabinets.

4. Replace old kitchen appliances

Costs $500-$15000

Start with the fridge and stove, and then consider adding other appliances like dishwasher, wine fridge, etc. There are some great scratch-and-dent appliance stores in Calgary provide excellent value for updating your homes appliances.

Do you need to explain to guests the one weird trick you need to do to make sure your dishwasher does not spill water everywhere? Definitely not something a buyer is going to want to deal with.

cleaners detailing a house in Calgary

5. Detail cleaning professionals may pay for themselves.


Bathrooms, garages, carpets, tile grout, whatever it may be, you should really just pay attention to what your Realtor suggests in terms of cleaning. If you invest time into removing stains and grit that may have actually been there since before you can remember, buyers will notice.

Need some cleaning tips? Other ideas on how to boost curb appeal, or need to know how to revamp your property before selling? Drop us a line!

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If you have been wondering about this area and the housing that it offers, take a quick look through our guide as we show you some of the best options for housing in this community.

Coach Hill is a wonderful neighbourhood with plenty of parks and walking paths, as well as panoramic views with its hills, trees, and mature green space. Every year, more and more restaurants open their doors, and the view from the top of the hill is breathtaking.

Access to downtown from the Bow Trail is faster then entering the core from other quadrants, and the planned Stoney extension makes other trips possible throughout the city that would have taken much longer in the past.

Streets are peaceful, with huge lot sizes, lots of green space, and walking routes as well as other amenities. Nearly every amenity you could need is within a 10 minute drive.

With lots of new development happening to the west, there are now many more shops, restaurants and amenities available in the West Springs/Cougar Ridge region. You have the option to travel inner city for unique urban fare or boutiques, or you can travel out to the suburbs to visit movie theatres, big box stores and family restaurants.

Coach Hill is also a notably safe community. Historically, this community has had some of the lowest crome stats in the city.

There’s also rumors that Telus or Shaw/Rogers fibre may be expanding to the neighborhood soon.

Coach hill has a lot of townhouses, attached housing and apartment options, as well as single family houses of varying lot sizes. Let’s look at some of the biggest complexes in the area


Quinterra Townhomes

Quiet Coach Hill townhomes in a well managed complex


Large townhomes with attached garages and additional parking slots are available in plenty at this great complex. Many people will enjoy the unfenced backyard spaces that give kids tons of room to roam around and play. Two-storey end units with a Double Master/Double Ensuite floor plan are available in some of the two-storey end units. An attractive Common Area featuring a gazebo, green area, and walking routes can be found within this condominium building's grounds. With outstanding management and many of the utilities included in the condo fees, Quinterra is a neatly maintained apartment development.


This greenspace includes many secluded pathways and places to relax.


Coach Hill Manor

coach hill manor balcony view over courtyard



This is a great value oriented option in Coach hill with pricing appropriate for many first time home buyers. We love the huge winding path down the main stretch of the courtyard. Earlier in the year we listed a property here, and found that the low condo fees, accessible location and surprising amount of space present in these units made for a great buy.

Most of these units have great balconies and get a great amount of sunlight. They also include basements (No promises on whether they are finished - this may a great project for you to take on!). Given the age of the complex we found that some of these units are freshly rennovated. Coach Hill Manor is definitely one of the first places we would check for fantastic value in this community.


Odyssey Towers

Modern tower complex in Calgary with amazing views


You can't mention Coach Hill without pointing out Odyssey Towers. Given that they are situated on top of one of the highest points in the city, these iconic towers are visible from afar all over the city, so it goes without saying that this complex has some of the best views of the entire city. Each unit has great sprawling panoramic windows, and many units have had a modern refresh of the interior.

This complex is known for having unique amenities, being in great shape, and being well managed. If you ever get a chance to vist the lobby you will find a totally unique the conservatory-style indoor garden that greets you as you step inside.


courtyard area



Coachway Lane

We recently features a property from this great development on YouTube, here is Ron Garneau's tour of a newly renovated unit in this complex.


If you're interested in learning about this particular unit, check out Ron's blog post here.




Another great value for the area and size, Coachway lane offers peace of mind with many recent updates such as new siding and a great management company in place.


Coach Bluff Crescent Townhomes

Townhomes in Coach Hill with unique Canmore style architecture.

These unique townhomes have an A-Frame, Canmore inspired feel to them and despite their striking appearance, interesting architectural style and relatively secluded location, the pricing is not out of reach to the average homebuyer in the city. If you're looking for something very unique in this part of the city, these units rarely come up on the market and you must take a tour of one if you get a chance.

Unique a-frame silhouette inspired architecture


Homes for sale in Coach Hill

There is a large variety of detached homes in Coach Hill. 

Late 70's to Early 80's single family homes


Coch Hill features some very nice single family homes, many of which include a front facing garage. Given that angular rooflines were popular in the late 70's to early 80's when many of these were built, vaulted ceilings are common. There are also lots of walkout basements and lot sizes that are quite a bit larger than newer communities. The trees in the neighborhood are maturing to gradually form a nice canopy over certain areas. To the far east of the community there are some newer homes with larger floorplans but smaller lots, these have a great view as they overlook the view of the city lookiung east of Sarcee trail.


If you are interested in learning more about this community, contact us today! If you need help narrowing down your home search to find an area that is perfect for your family, we are always happy to help.

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