Calgary Bowness Montgomery Real Estate Home News - Ken Richter's Blog | Page #43

The Calgary Real Estate Board's latest market update has been released, and 2023 is already off to a great start! While there are shifts that may feel like the market is taking a hit, it actually is just beginning to balance itself out. This is good, and setting 2023 up for success. Here are some highlights from the report, which you can read in full by clicking here:

  • "The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties."
  • "There has been a shift in the composition of sales as detached homes only comprised 47 per cent of all sales."
  • "With 2,451 units available in inventory, levels remain 43 per…

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It is the month of love, and there are lots of events to love happening in YYC! Check out some of the linked events below: 


February 8 Calgary Opera: The (R)evolution of Steve Jobs
February 9-12 Calgary Folk Festival Presents: Block Heater
February 10-11 Say Hello, Wave Goodbye with Rosebud Theatre
February 11 Bella Notte (In Support of Pals)
February 11 Calgary Horticultural Society Presents: Spring
February 12 Thomas Rhett: Bring The Bar To You Tour
February 14 VALENTINES DAY
February 16 Montgomery Community Association Senior Social
February 18 Fishtival at Bow Habitat Station
February 19 Yamato Drummers of Japan
February 20 FAMILY DAY
February 20 Family Day at The Military Museum
February 24 Vend. February Market
February 25 Mariana's Trench
February 28…

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*** OPEN HOUSE - Saturday & Sunday, February 4 & 5, 2023, 1:30-4:00 pm *** Welcome to a total of four bedrooms, two full bathrooms, spacious Bilevel semi-detached half duplex on a very quiet street in the amazing inner city area of Bowness!!!!


The main level offers a spacious living room featuring newer laminate flooring, new paint and baseboards, newer windows and doors, bright patio doors that lead out to the large front balcony, and a kitchen featuring ample cabinets and newer stainless appliances. The lower level offers tons of potential and is partially finished or "unspoiled", ready to increase the value by adding some "sweat equity" and is ready for new development!! Also includes a newer hot water tank and a newer washer. The good-sized…

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The 2023 trends for home styling could best be described as Cottagecore. Gone are the days of minimalism, block colours, and sharp edges; it's time to usher in a softer era of warm textiles and heirloom pieces. Cottagecore is the aesthetic of an idealized countryside lifestyle. Does this mean you need to start churning your own butter? No. You do not have to abandon the modern age to embrace this new style. In fact, you do not need to embrace this new style at all! However, if you're feeling trendy or looking for inspiration, here are some of the design elements experts are predicting will make a big splash this year:

  • "Delicate wallpaper in pastel tones, white furniture and gilded mirrors are the mark of this home trend" (HGTV).
  • "Think organic…

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Welcome to an amazing building lot and location in an exclusive enclave of Bowness!!

This huge 50 foot wide R-C1 lot was created by subdividing off the lot next door that the owner is currently in the process of finishing a brand new, approx. 3,000 sqft single family home! Numerous new homes were recently built in the immediate area creating a sense of community within the well established area of Bowness! There was a DP applied for to build another approx. 3,000 sqft home on this lot as well. Only a block away to the Bow river and river bike/walking path system, only 5 minutes to two hospitals, the Tom Baker Centre and the U of C, only 2 minutes away from Trinity Hills box stores, the new Greenwich Farmers Market and the new Superstore. A…

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The Calgary Real Estate Board had it's annual forecast event where they shared what we can expect from the real estate market in 2023. Here are some of the highlights from their report: 

  • "Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic" (Calgary Real Estate Board).
  • "Supply levels declined to the lowest levels seen in over a decade as gains in higher price properties did not offset the supply declines occurring in lower-priced homes. This has left our market in a situation where lower-priced properties still face sellers’ market conditions while…

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We are proud residents of the Bowness community, and enjoy finding ways to give back. One of our favourite community traditions is the Bowness Community Association Annual Holiday Dinner. This year Team Ken Richter donated money to contribute to this great cause. Read the letter we received below to learn more about the impact the Holiday Dinner made. Be encouraged that your support for organizations like this truly does make a difference in the lives of your fellow Calgarians!

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Buying a property at the start of the year is such a great way to kick off the new year! You are setting yourself up for a new home base; the perfect launching point for all of the adventures to come. Here at Team Ken Richter, we are passionate about helping you find this launching pad. We are proud to have served all types of home buyers across the city for thirty plus years, and would love to partner with you in 2023 to make your dream home a reality!

Buying at the beginning of the year is not just advantageous as a desirable outcome, but it also comes with other benefits that those who wait will miss out on. Here are some reasons why buying a home early on is a solid strategic move:

1). Less Competition: Like many other industries, real…

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Welcome to a one of a kind, fully updated, excellent revenue property!!

This property was totally updated and completely remodeled in 1992, inside and out and top to bottom! A total of four bedrooms, two full and two half bathrooms, full side by side bi-level duplex!! Some of the special and updated features in 1992 include, an architecturally designed new front facade, all new windows, both units have oak kitchens and breakfast bars, all bathrooms were new at the time, all new electrical and panels, plumbing redone, stucco and much, much, more! ***Here's the real bonus - there are two, double detached garages!*** The minute you walk into these units you will be impressed by the bright and open concept featuring high vaulted ceilings, patio…

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2022 was a wild year for Calgary real estate from start to finish. The Calgary Real Estate Board writes, “2022 saw record-high sales and double-digit price growth.” In their report they detailed more highlights from the last month in the year, December. Here are some quick facts from the report, which you can read in full by clicking here:

  • "Slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022" (Calgary Real Estate Board)
  • "As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade." (Calgary Real Estate Board)
  • "Benchmark prices eased to $518,800 in December, down nearly five…

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