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!

****SELLER MOTIVATED with $100,000.00 price reduction****This magnificent custom built one of a kind home offers almost 8000 sq.ft. of exquisite finished living space. This property is truly a Castle waiting for you. From the moment you drive up and step through the front door into the grand foyer your eyes will be drawn to the gleaming hardwood floors, the beautiful breath taking finishing and details of this elite home. The kitchen is a showcase of its own and a chef’s dream with tons of rich exquisite cabinets and huge hidden pantry, beautiful granite counter tops, stainless steel Wolfe sub zero fridge, built in oven, gas counter top range, hood fan, stainless steel built in dishwasher, and more. The living room is encased with floor to ceiling windows for amazing natural light. As you catch your breath and continue your walk through the main floor you will find a beautiful formal dining room, a large bedroom c/w ensuite and walk in closet, large mud room with tons of cabinets for storage that leads to a dream garage for all your toys. After spending a beautiful tranquil evening on your large south facing deck you will retire to the second level to find a comforting loft where you can settle with a great book and a glass of wine. The children will be tucked away in their own large bedrooms each having there own ensuite (so no fighting over the bathrooms). When it is time you will walk into your own oasis your huge master bedroom with fireplace and breath taking ensuite that offers everything from double vanity, large soaker tub and full size steam shower with numerous shower heads and body sprays. The dream size master walk in closet has lovely built in cabinetry. Lets go down to the lower level walk out where you will find another spacious bedroom with ensuite, exercise room, incredible wine room and outstanding family room with a wonderful wet bar all encased in magnificent finishing, a great place to gather with friends and family. This estate home could never be reproduced for the price it is selling for! So make your appt.

Jayman built popular designed floor plan 2 storey home in much sought after community of SOMERSET. Upgrades includes Roof 2019, Laundry 2020, Dishwasher 2020. Very quite street. From the WIDE concrete front stairs and landing to the clever open plan of the main floor with HARDWOOD floors, kitchen with a RAISED BREAKFAST BAR, lots of counter space, corner pantry with glass insert, pot lights, Tiled backs plash, Moen Fixtures. Living room with a corner FIREPLACE. Upper Bonus Room and an Ensuit with a BIG soaker tub. Enjoy your summers on your 2 TIER deck and a LARGE yard with lots of trees. Your family will love the hot SUMMER time fun at the WATER PARK and play area that is exclusive to the residents of Somerset. Make it your home today!

2017 built home shows 10/10! There is an immediate feeling of light & space as you enter the 9" main living area. The kitchen welcomes you with a gorgeous quartz center island, upgrade hood fan, S/S appliances, cabinets with full extension soft close features. Upstairs you will find a large central Bonus Room for movie nights or games , and a large Master with TWO Walk-in-Closet and 5-Piece ensuite w/ 2 sinks plus a beauty station. SOUTH facing backyard is the best for sunny living room, kitchen & dinning area, do not forget master bedroom as well. The full basement with large windows is undeveloped & waiting for your personal touch. - Come see today and make this your next home!

ASPEN WOODS welcomes you to this FULLY FINISHED home with over 3000 SF of total living space situated on a family friendly cul-de-sac. Walking distance to Aspen Landing, parks and green space, three schools and so much more! The main level boasts hardwood flooring, with an open concept kitchen and living area. The kitchen features granite countertop, a new fridge & stove, oversized Island and walk-thru pantry into your mud room and laundry area. Secondary front family room/flex space that completes this level. The upper floor features TWO bonus areas, the primary bonus room is an ABUNDANCE of space for movie nights, kids play area and the perfect area for entertaining. Vaulted ceilings & huge windows with your sunny south exposure makes this the perfect area for the entire family. The master bedroom offers a full walk-in closet, 5 piece en-suite including his & her sinks, granite countertops, large soaker tub and standalone shower. Two additional bedrooms with a 4 piece bathroom complete this level. The fully developed basement is a large recreation space, professionally developed with endless opportunities to make it a space of your own. You will also find the 4th bedroom and FULL bathroom, with tons of storage. Fully landscaped front and backyard, quiet cul-de-sac, all amenities at your fingertips and only a 5 minute drive to the 69th LRT station. This is an incredible opportunity to get into this community at this price point!

If a vibrant healthy lifestyle is important to you - this 1-bedroom/studio in the Mission District is what you are looking for. Open floor plan with a view of the front street, open living/ kitchen/ dining area with contemporary flat panel cabinets, quartz countertops & 7 stainless appliances pkg incl. a full-sized Bosch gas cook-top, fridge, B/I dishwasher, microwave hood fan. Double frosted-glass barn bedroom doors, 9-foot ceilings, 4-piece bathroom, ensuite laundry and balcony with a gas BBQ hook-up. All located just off 4th street in the heart of Mission which contains the extremely popular 4th Street with many trendy restaurants and shops which hosts the Lilac Festival in June. Catch emerging musicians, buy artisan crafts from one of the 500 vendors, and watch the parade that starts at 25th Avenue S.W., runs along 4th Street and finishes at 13th Avenue. Mission is only a 20-minute walk from the downtown core and less than 5-minutes to the popular and ever-busy 17th Avenue. The Stampede Grounds and the Saddledome are right around the corner, as well as the BMO Centre. The Bow River alongside Lindsay Park will provide the peace and quiet needed after a fun-filled weekend exploring all the hidden gems of 4th Street. IMMEDIATE POSSESSION AVAILABLE FOR THIS PET-FRIENDLY BLDG.

Auburn Bay Real Estate Market Report – July 2021

July 2021 showcased a dynamic real estate market in the Auburn Bay community of Calgary, reflecting strong demand and active buyer engagement. Known for its scenic lake, parks, and family-friendly amenities, Auburn Bay remains a highly sought-after neighborhood.

Market Overview: In July, Auburn Bay recorded 47 home sales.

• 28 SOLD Detached houses $419,000 - $1,056,000;

• 8 SOLD Duplex houses $355,000 - $438,600;

• 5 SOLD Townhouses $260,000 - $358,868;

• 6 SOLD Apartment $197,000 - $295,000.

Inventory and Trends: Currently, there are 42 active listings in Auburn Bay, offering a diverse selection of properties, including single-family homes, townhouses, and condos. Homes are selling at an average of 19 days on market (DOM), highlighting a competitive environment. Properties that are well-maintained and competitively priced are generating considerable interest and often receiving multiple offers.

Community Insights: Auburn Bay’s appeal is enhanced by its extensive recreational facilities and community-focused environment. The lake serves as a central feature for summer activities, including swimming, paddleboarding, and community events. The neighborhood also hosts various social gatherings and seasonal activities, fostering a strong sense of community among residents. Convenient access to schools, shopping, and dining options further enriches the living experience.

Looking Ahead: As we transition into August, the Auburn Bay real estate market is expected to maintain its momentum. The summer months typically bring increased buyer activity, making it a favorable time for sellers. Buyers should be prepared for competition, particularly for well-priced listings. Overall, Auburn Bay continues to thrive as a vibrant community within Calgary’s real estate landscape, offering both a desirable lifestyle and strong investment potential.

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Welcome home to this well loved turnkey home. Move in and love life. Located on a quiet street in the well established community of McKenzie Lake this is the perfect home for young couple or family. This home has lake privileges. The main comprises of kitchen which is very spacious and upgraded with newer cabinets and beautiful granite counter tops. Large family room and main floor laundry. The floor plan is versatile with different options as to how you wish to set up your living space. The master bedroom is very comfortable and has a large walk in closet, and a very nice 4 piece en-suite bathroom. 2 more well sized bedrooms and a full bath make up the rest of the upper floor. The fully developed basement has lots of storage, a second family room and a huge bedroom, full bath, and a den. This home is right in so many ways and will be perfect for your family. See it today!

Don't miss the opportunity to own this incredible 1200+ sq foot 2 bed/2 bath condo unit in the heart of Victoria park. This large condo unit also features an over 150 sq. of wrap around balcony space so you can enjoy entertaining outdoors with downtown views. The kitchen features rich cabinetry, loads of counter space and a raised eating bar which opens to a spacious dining area. Enjoy cozy evenings in the large living room with feature wood burning fireplace. The large master bedroom has a spa like ensuite bathroom with a massive walk in shower. The second bedroom is a good size and has easy access to the main 4 piece bathroom. There is also a laundry room and lots of in suite storage. Monthly parking is available for a fee of 200.00 per month. The location is absolutely unbeatable and is walking distance to great restaurants and bars and a park space across the street. Check out the tour and book quickly!