Real Estate | Page #24

Real Estate

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…

512 Views, 0 Comments

Read Full Post

*** 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…

487 Views, 0 Comments

Read Full Post

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…

471 Views, 0 Comments

Read Full Post

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…

516 Views, 0 Comments

Read Full Post

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…

544 Views, 0 Comments

Read Full Post

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…

474 Views, 0 Comments

Read Full Post

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…

529 Views, 0 Comments

Read Full Post

Here at Team Ken Richter we are proud members of RE/MAX Real Estate (Central). Being part of the RE/MAX team is an honour, and we are proud to see the continued growth of this incredible company. 

In their statement summarizing growth from 2022 and plans for 2023, RE/MAX offered the following exciting update: 

"This year RE/MAX continued to lead the industry in many ways, and we have a lot to be proud of. RE/MAX has the largest network of brokers and agents across Canada. With 25,000+ agents including Quebec, RE/MAX is home to the most trusted* and most experienced agents and teams in the industry, and has some of the most successful Broker/Owners in the country who have managed to recruit 800+ agents this year alone. Our brand presence reached…

563 Views, 0 Comments

Read Full Post


There is no place like home for the holidays, and this time of the year many people are focused on the upcoming celebrations. However, did you know this is actually a great time to sell your home? There are many advantages to selling your home in Calgary Alberta at the very end of the year. Here are just a handful, according to experts:

  1. Buyers are more serious! Investopedia writes, "if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer—they aren’t going to spend their precious time around the holidays seeing how the other half lives. Putting your home on the market at this…

466 Views, 0 Comments

Read Full Post

The highlight from the Calgary Real Estate Board's market analysis for November 2022? "2022 [is] on track to be a record year for real estate" (Calgary Real Estate Board). This should come as no surprise to those who have been following market trends this past year and stayed informed on what has been going on. The informed buyers, sellers, and investors have been successful, reaping the rewards of one wild year of real estate!

Here is what else the Calgary Real Estate Board had to say in their most recent report:

  • "Residential sales in the city slowed to 1,648 units" (Calgary Real Estate Board)
  • However, "year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in…

444 Views, 0 Comments

Read Full Post