Lyle Stewart R.E. Broker with Heritage Elite Realty
340 Midpark Way SE T2X 1P1 Calgary, AB, Canada

Quick June 2020 Calgary housing market update.

SOLD! Beautiful Townhouse in Kincora! Contact us for a personalized custom list of Townhomes that fit your budget! Hot New Listings updated daily!

New listing in Douglasdale August 2019! Spacious 2195 sq. foot 3 bedroom 2 Storey located on a quiet close only 1 block to Bow River and paved walkways! Gleaming hardwood greets you in the front entry and continues into main floor family room with beautiful custom built-ins and fireplace. Asking $514,900! View today!

New Listing August 2019! Beautiful fully developed 2 + 2 bedroom 1540 sq. foot bungalow on a quiet street in Douglasdale! Asking $529,000

MEDIA RELEASE: Economic challenges to affect Calgary’s housing market in 2019 Calgary, Jan. 30, 2019 The challenging economic climate in Calgary is expected to persist into 2019.... Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year. "Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year," said Ann-Marie Lurie, CREB Chief Economist. "At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year." There are signs that supply in the market is starting to adjust to slower sales, but the pace of adjustment is expected to be slow. Overall, it will help reduce some oversupply in the market and put the industry in a more stable position by 2020. Buyers' market conditions are expected to persist throughout most of the year, impacting prices across all property types. However, the pace of decline is expected to ease by the end of the year, as concerns over the economy ease. While further easing in the housing market is expected, this will not likely be the case for all price ranges, as demand for affordable product is expected to continue to improve, given shifts in lending requirements and adjustments in expectations. "In this market, buyers have the advantage of choice. A REALTOR can help buyers find a home that best fits their lifestyle," said Alan Tennant, CREB CEO. "For home sellers, knowing all the data and facts surrounding their home is critical to maximize their selling price. Working with a real estate professional can take the guess work out of the process."

4 level split in Sandstone well priced at $360,000! A ready to move in, good starter home or the perfect investment. Kitchen renovated with new cabinets, quartz counter tops, Moveable center island with quartz top , new refrigerator, stove and hood fan. Sliding door to deck also recently replaced. 3 bedrooms with 2 full baths Laminated flooring on all 3 levels. Newer roof, water tank, and some windows. Double detached garage. Phone 403-861-8618 to arrange your showing today. Others available. Phone for our custom list of hot new listings!