Overview

As of May 2022, Seton continues to navigate the ongoing effects of the COVID-19 pandemic while demonstrating resilience in its real estate market. The community, known for its modern amenities and family-oriented environment, remains a desirable location for both homebuyers and investors.

Market Highlights

• Sales Activity:

  • In May 2022, Seton only recorded 13 home sales, reflecting a market lingering uncertainties related to the pandemic. This represents a slight decline compared to earlier months but indicates continued interest.

  • The average days on market for sold homes was approximately 16 days, suggesting a relatively competitive environment where properties are still moving quickly.

• Pricing Trends:

  • The average sale price for homes in Seton was around $424,762, marking a 5% increase year-over-year from May 2021. The pandemic's influence on buyer preferences has led to a strong demand for homes with more space.

  • 3 SOLD Detached homes averaged $702,933;

    2 SOLD Duplexes averaged $539,350;

    2 SOLD Townhouses $229,900 - $420,000; 32 days on the market

    6 SOLD Apartments maintained an average price of about $277,417; 22 days on the market.

Seton continues to thrive with a variety of amenities that enhance its appeal during the pandemic:

• Shopping and Dining: The Seton Urban District offers diverse retail and dining options, with many businesses adapting to offer takeout and online services, catering to changing consumer behaviors.

• Parks and Recreation: The abundance of parks and green spaces has become increasingly important, providing residents with outdoor areas for exercise and social distancing.

• Transportation: Seton's connectivity to major roadways and public transit remains a significant advantage, especially as remote work patterns evolve.

Conclusion

Despite the ongoing challenges posed by COVID-19, the real estate market in Seton showed resilience in May 2022, characterized by stable sales activity and continued price appreciation. The community's appealing amenities and lifestyle options continue to attract buyers looking for quality living spaces.

Recommendations

For potential buyers, it’s advisable to remain proactive and prepared, as demand may outpace supply in certain segments. Sellers should consider the current market conditions as an opportunity to list their properties, capitalizing on buyer interest.

Spacious top floor one bedroom unit with sunny west facing balcony (complete with natural gas outlet & BBQ), located in the Courtyards of Garrison Woods! This unit offers carpet & tile flooring & high ceilings, showcasing a lovely kitchen finished with a breakfast bar, plenty of storage & black appliance package. The dining area & living room with corner fireplace are open to the kitchen. A built-in computer desk & storage cabinet is cleverly hidden behind bi-fold doors in the living room – perfect for a home office space. The roomy bedroom has ample closet space & direct access to the 4 piece bath. Further features include in-suite laundry/storage, one assigned heated underground parking stall & an assigned storage locker. This complex has amenities galore, including a party/recreation room with kitchen, indoor pool, fitness facilities, car wash, bike storage & guest suite. Also enjoy the ideal location, close to vibrant Marda Loop, parks, schools, shopping, public transit & is a quick commute to the downtown core. Heat/gas is included in the condo fee & pet permitted with board approval.

Fully finished 2 Storey home in a great location with an excellent layout. Enjoy the Open Kitchen with a great island, main floor Family Room with Fireplace, huge Master Bedroom with an ensuite and walk in closet. BONUS ROOM is currently used at 4TH BEDROOM. The fully finished basement includes a large Recreation Room, an additional 5TH Bedroom with an ensuite, and large windows perfect for the extra family space. Relax outside on the sunny south deck. This home is centrally located between two new elementary schools and is also close to great shopping, parks, public transit and many other amenities. FLOORING & CARPETS were replaced in 2018.

Close to University of Calgary, Foothills Hospital, Children Hospital, Tom Baker Centre, SAIT, 3-storey town house with FULLY FINISHED BASEMENT is in the heart of Parkdale. Private rear Southeast unit warm in Winter and cool in Summer. Modern open plan with quality finishing materials. Refinished Maple hardwood flooring throughout main floor. Delightful gourmet kitchen features ample amounts of cinnamon stained Maple cabinets, rich granite & stainless steel appliances. Central island with breakfast bar over looks the spacious dinning room and living room with corner gas fireplace. Huge master with large walk in closet & excellent ensuite boasting jetted tub, separate shower & tiled floor. 2nd bdrm also with 4 pc ensuite & walk in closet. Bonus loft on 3rd level with views of the river escarpment makes a great media room, 3rd bdrm or office. Fully developed basement with 4pc bath is another bonus for family entertainment time together. CENTRAL A/C. NEW ROOF & HOT WATER TANK. Steps to Bow River/pathway, coffee shops; Minutes to DOWNTOWN & KENSINGTON, easy access to Highway 1 West.

INVESTOR ALERT This 7 Bedroom, 2 Bathroom Home in Huntington Hills is LEGALLY-SUITED and CASH FLOW POSITIVE. Currently this home rents out as room-to-room rental agreements and is an amazing opportunity for any investor looking to take on all 7 tenants or convert the home back into up/down living. There is shared laundry, a separate entrance and a large double garage that is also rented out. The current landlord has integrated a ton of upgrades to help maintain the property the increase the functionality of the home for the existing tenants. To name a few...1) Roof on house and garage replaced July 2020. 2) Replaced soffit and eavestrough of garage summer 2020. 3) Garage door opener and door replaced summer 2020. 4) Furnace replaced for high efficiency summer 2020. 5) All 4 basement windows replaced with e-gress. 6) Installed Cat 6 networking through the entire house with 2 jacks per room and living room, hallway etc. 7) Installed 11 hardwired wirelessly interconnected smoke alarms/CO detectors. 8) Installed sprinkler head in mechanical room. 9) Replaced suspended ceiling for drywall over the entire basement. 10) On demand hot water tank. The list goes on! Not to mention all of the amazing amenities that are within walking distance and the easy access to Deerfoot Trail. Don't miss out on this incredible rental opportunity! Message for proforma, leases or additional info! Legal Secondary Suite Sticker Number 4869

Investing in the exterior of your home is important. Not only can exterior home renovations like adding a new roof, windows, or doors add immediate benefits and curb appeal, they have the potential to increase the value of your home and give you a greater return on investment (ROI) when you decide to sell. 

A 2021 Canadian Real Estate Renovation Trends report from RE/MAX, which used data collected by Leger marking firm, said more than half of Canadians renovated their home during the pandemic for personal or “non-ROI” purposes. According to the report, 29% chose to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects, while 16% of Canadians renovated to increase the market value of their home to sell within in the next one to three years. 

Similar to interior home renovations, not all exterior renovations are created equal, with some costing  much more up front, while others are relatively more cost-effective. If budget is a concern, read on to learn about some of the most cost-effective exterior home renovations that could help increase your ROI when it comes time to sell.

Why is curb appeal important?

The way your home looks from the outside—or its curb appeal—gives potential home buyers their first impression of the property even before they step inside. This is why exterior renovations that help boost curb appeal are important, as the aesthetic look of a home’s exterior can give the buyer a sense of what they can expect to find once they walk through the front door. In other words, if your home presents itself well, the yard is nicely kept, the paint is vibrant, the siding is aging well, and the roof is in good shape, prospective buyers could be more inclined to look inside if they like what they see on the outside. 

What are the current trends in exterior renovations?

If you’ve been thinking about completing an exterior home renovation project this year, My design Home Studio suggests while “farmhouse vibes are here to stay,” five other exterior design trends will gain popularity in 2022, including “a shift toward natural textures, a stronger connection to the outdoors, and a minimalist approach to architecture.”  

These trends are: 

• Natural textures: Blonde woods, hand-sawn beams, and aged brick are popular, but you can recreate these looks at a lower cost with wood-like siding or stone-like accents.

• Dark exteriors: Pairing lighter siding and brick with moodier blacks and charcoals is becoming a trend, so if you’re looking to sell soon it might be worth the investment now. 

• Black accents: External features—like door handles, door frames, locks, shutters, etc.—are being swapped out for matte black instead of classic brass or silver. It’s a more modern look without requiring a total overhaul.

• All-season outdoor entertaining: Adding a patio or deck to your yard can help increase curb appeal, especially when equipped for year-round usage. Covered areas for places with a lot of snow, or lounge areas with an outdoor fireplace(depending on your municipal bylaws) for places that remain relatively dry during the winter, are great additions to help extend patio season.

• Natural light: Large panoramic windows that will flood your home with natural light are definitely a bigger investment than say, a door handle, but they’re a hot commodity as buyers are looking for homes with more natural light. 

                                                                                                                      photo by Jens Mahnke on Pexels

Top exterior renovations to help your ROI

While trying the latest renovation trends is a great way to ensure your home fits the modern look, there are tried and trusted exterior renovations that are not only cost-effective, but also known to help increase a home’s ROI.

According to Alex Obradovich, a REALTOR® and sales representative with Chestnut Park® Real Estate Limited Brokerage in Toronto, the best cost-effective exterior renovations would be “functional over the cosmetic.” 

“Taking a good look at what’s necessary to fix will be the most important when it comes to selling your home in the future,” explained Obradovich. “Common items may be drainage, grading, deteriorated items or heating/cooling efficiency problems like making sure windows and chimneys are sealed properly.”

However, once the functional exterior renovations are complete, Obradovich says cost-effective and cosmetic upgrades to improve your home would be painting and tidying up landscaping.

“Plus, both of those can be done yourself inexpensively,” he added.

Other things to look at would be your roof, garage door, front door(steel and fibreglass are becoming popular materials), and siding. The average cost to install an asphalt roof in Canada is around $4,750 (depending on the scale of the project), while replacing a double-car garage door can cost between $1,300 and $3,500. If you’re trying to stay on budget, you can also revamp your home’s exterior by swapping out old furnishings for newer pieces and adding potted plants and annual folowers for a pop of colour. 

The best way to assess what your home needs is by enlisting the help of a REALTOR® who will be able to give you insights into what buyers are currently looking for in your neighbourhood and what renovations may help sell your home quicker—and for a better price. 

Your REALTOR® can also provide you with contacts for roofers, painters, contractors, etc. to help you find the best person for the job.

                                                                                        by REALTOR team including Ainsley Smith

Step away from Chinook Shopping Mall & Theatre, MacLeod Trail, Glenmore Trail, close to C-train station, Glenmore Park, Glenmore Sailing Club, Lakeview Golf Course. LOCATION! LOCATION! LOCATION! 2 Bedroom Condo in this Professionally Managed building in Kingsland SW. Upgrades include High End Laminate Floors & newer paint. The suite is very spacious and has a functional floor plan that includes a large laundry/storage room and a nice sized Balcony. Plus comes with a underground assigned Parking stall. This suite is very clean and shows 10/10! Investment alert! First time owner alert!

Open house 1:30-4pm on Sat. Jan. 29 IS CANCELLED. Unit is now FIRM SOLD. $144,900 OWN two-bedroom-apartment, condo fee is $386.08 includes Heat, Water.....LOCATION, LOCATION, LOCATION! ONLY 2 BLOCKS TO LIBRARY, SWIMMING POOL & SKATING / HOCKEY REC. CENTER & SUPERSTORE | MINUTES WALK TO JOHN A MACDONALD, JOHN DIEFENBAKER & ST. HELENA SCHOOLS | SUNNY SOUTH FACING W/ TONS OF NATURAL LIGHT | Welcome to this Spacious Open Plan great for All Entertaining. Bright Living Room opens to Formal Dining Room, Good Sized Kitchen w/ Walk-in Pantry, 2 Large Bedrooms, 4 pc Main Bath, In-Suite Laundry Room & 1 Assigned Parking. Easy Access to Major Routes (Deerfoot Trail, 14 Street & McKnight Blvd) and Airport. Perfect for Students, Young Professionals or Investment Property. Hurry when Mortgage Interest Rates are at All Time Low. VACANT FOR QUICK POSSESSION.

TOP CONSIDERATIONS FOR 2022:

COVID-19 IMPACTS ON ECONOMY AND INFLATION- Supply disruptions caused by COVID-19 are expected to ease in 2022. However, if new variants emerge that delay a full re-opening, this could impact the economic recovery, while prolonging supply challenges and inflationary pressure.

LENDING- The Bank of Canada is expected to increase interest rates in 2022. While gradual gains are anticipated, rates are expected to remain below pre-pandemic levels – low enough to continue to support housing demand, but not at the pace seen in 2021.

POPULATION- The flow of migration will be an important component of sustaining high levels of demand in housing markets.

HOUSING SUPPLY- New construction and elevated levels of listings in the resale market are expected to help add to the undersupplied housing market. The spring market is expected to remain relatively tight, but if supply levels do not start to improve in the second half of the year, this will have significant implications for home prices.

It will take time for the housing market to move out of sellers’ conditions, supporting further price gains this year.

EMPLOYMENT

Following the dramatic decline in jobs in 2020, it is not a surprise that employment levels increased by over four per cent in 2021. Employment gains since September, in particular, were exceptionally strong in Calgary. As of December, employment levels pushed above 833,000, higher than pre-pandemic levels and just shy of peak employment that occurred in June 2019.

Job growth occurred for both full- and part-time positions across a wide range of industries. As of December 2021, sectors such as construction; wholesale and retail trade; finance, insurance and real estate; and professional and technical services not only recovered from the start of the pandemic, but soared to near or above previous highs in the market. These improvements, especially in the professional and technical services sector, will help support further demand growth in the housing market.

Employment gains are expected to continue into 2022, with annual gains forecasted to rise by nearly five per cent. With COVID-19 expected to be mostly behind us, the largest gains in jobs are expected in some of the hardest hit areas, including accommodation and food; arts, entertainment and recreation; and transportation and warehousing. Further gains are also expected in some of our higherpaying industries, including the primary, utilities and manufacturing sectors. The only sector expected to see additional pullback is educational services.

Unemployment rates are also expected to trend down, but to levels that remain higher than pre-pandemic levels. This is, in part, due to gains in the labour force, as more people re-enter the job market. This could also be related to some of the concerns regarding the mismatch between job seekers and job availability.

Some sectors have been struggling to find qualified workers despite higher unemployment levels, somewhat evidenced by rising job vacancy rates. The mismatch would likely also create divergent trends in wages, with sectors experiencing high job vacancies seeing steeper wage growth relative to other sectors. To date, wages have been generally trending up, but not necessarily at the same pace as inflation, impacting growth in disposable income in 2021. As we move into 2022, wages are expected to rise, supporting gains in household income.

Please read the full forecast here.

The HEIGHTS - high atop Springbank Hill, with views from the Tsuu T’ina Hills to the Rocky mountains! TRIPLE GARAGE for winter or extra storage! This two storey offers an inviting living space, warm & bright, INSIDE & OUT – PEACEFUL & QUIET. The kitchen features s/s appliances, gas stove, build-in oven and granite counters, breakfast bar and a formal dining room with access to the fully landscaped backyard. Upper level includes 3 generously sized bedrooms including the master with beautiful mountain views, a 5pc ensuite featuring his/her sinks, shower, tub. The lower level is waiting for your personal touch. A great location with ease of access downtown or west to the mountains! Welcome home!

Spacious, vaulted entry 2 storey attached duplex, 1539.2 sq.ft., close to LRT station, shopping centre, school. 2016 Hot water tank, 2014 roof, 2008 furnace. BIG dinning area, living room on main floor. HUGE master bedroom with sink & walk in closet. WOOD BURNING BRICK & STUCCO FIREPLACE keep you warm in winter, 22 X 15' oversized single garage, poured concrete patio for summer family time together. SELLER IS MOTIVATED!

Facing to green space/park. UPGRADES: 2016 furnace, NEW garage door & roof, FRESH interior & exterior paint, deck & fence paint. BRAND NEW electric range. Newer VINYL WINDOWS. Gorgeous 4 bedroom a massive lot with fantastic curb appeal on the park! Mature trees, quiet neighborhood, private setting on one of the Best streets in the Community and no neighbours out front! This open concept home shows a beautiful, original space on the main level, huge open kitchen with lots of counter space, warm hardwood floors, landscaped fenced backyard and huge front deck overlooking the Park in the front. Comes with Garage, room for RV PARKING, updated windows - this property is move-in ready. The fully finished basement with bedroom and full bathroom is perfect for a Media / Theatre Room. Unbelievable location in coveted Haysboro next to the Reservoir walking and bike pathways, close to Heritage Park, Southland Leisure centre and 3 major shopping centres - it is literally walking distance to schools, 4 mins to the LRT stn & transit, 10 mins to Chinook Centre and 15 mins to the DT core. DOOR to backyard can used as SEPARATE ENTRANCE to basement. Investor ALERT!