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MARCH 2025 HOUSING MARKET UPDATE

April 1, 2025

Uncertainty weighing on housing market.

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”

March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.

Improving supply has taken the pressure off home prices following the steep gains reported over the previous four years. In March, the unadjusted residential benchmark price reached $592,500, relatively stable compared to both last month and prices reported last March. Both detached and semi-detached prices remain consistent with peak prices and continue to rise, while apartment and row-style homes continue to report prices slightly lower than last year's peak.

To read the full report, go to:  https://www.creb.com/News/Media_Releases/2025/April/March_2025_stats/

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Yes, you can use a realtor to purchase a new home!

Purchasing a new home can be a meaningful and rewarding decision.  You are able to visualize your dream home and make it a reality.  Like any major purchase, it can also be overwhelming.  There are many decisions that are necessary in purchasing a new home along with the contract writing, negotiation and finalizing the deal.  All  of these transactions can be complex and must be exact in order to protect you and ensure you get exactly what you want in your home.

Having the expert knowledge and experience of a Realtor who is representing your interests can help ease the stress.  Let me act as an intermediary between the seller (the builder) and you, the buyer of the property by representing you and your interests.  The builder has a professional real estate professional representing their interests; you deserve the same.

Throughout my career, I have assisted many clients through this process.  On their behalf, I have negotiated a better bottom line or purchase price with improvements and upgrades to the final purchase agreement.  

Let me work on your behalf to get the best deal possible!

 *Note: The builder requires that your agent accompany you on your first visit to the builder’s sales office or they will not pay your representative’s fee.

 

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Your Market Stats for the past 7 days.

Each week, the number of active listings is on the rise. This trend indicates a shift towards a more balanced environment for buyers, offering them a greater variety of options that align with their preferences.

Thinking of selling?  I would suggest acting sooner than later before the spring rush.

Thinking of buying?   There are many options for you to consider in a variety of price points.

Give me a call and we can chat about your situation and the current real estate market.

Gerard at 403-703-5548

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New property listed in Cochrane, Cochrane

I have listed a new property at 161 Fireside PLACE in Cochrane. See details here

You are going to absolutely love this FULLY DETACHED home in the family friendly neighbourhood of Fireside! This sunfilled home with new CENTRAL AIR CONDITIONING, DOUBLE GARAGE, NEW COMPOSITE DECK, NEWLY INSTALLED RUBBER MULCH LINED KID’S PLAY AREA, EXTRA GRAVELLED PARKING SPOT FOR VEHICLE OR SMALL TRAILER and CENTRAL VACUUM SYSTEM will not disappoint! Stepping through the front door you are will find a totally open concept design offering a bright and welcoming living space where the living room flows seamlessly into the dining room and kitchen area boasting stainless steel appliances, granite countertops, large pantry and awesome breakfast island perfect for prep and casual dining. This level also features a huge walk in entry closet and private 2 piece powder room/laundry room. Heading up to the upper level you are welcomed by a MASSIVE and bright primary bedroom, a tranquil haven with seating area and a lovely ensuite bath with oversized tub and large walk in closet. This level is home to two more generously sized bedrooms and large family bathroom. The lower level has 3 huge egress windows and is beautifully laid out for additional 4th bedroom, family room/play area, and is roughed in for an additional full bathroom. The gorgeous south backyard features a massive maintenance free composite deck, raised garden bed area filled with perennials and waiting for you to plant your own veggies, an additional gravelled parking space perfect for small trailer or ATV and newly installed rubber mulch play area for the kids! You will love the double garage and paved back lane. Fireside is a vibrant community offering incredible amenities including McDonalds, Tim Hortons, Italian restaurant, doctor’s office, pharmacy, nail salon, liquor store and a daycare. It is also home to two schools making it the only Cochrane community with both K-8 and 9 options in the Catholic and Public systems. Outdoor enthusiasts will love the nearby skate/bike park, green spaces, wetlands, outdoor skating rinks, fire pits and toboggan hills! With shopping, dining and recreation just steps away Fireside offers a strong sense of community for first time buyers, growing families and those looking to down size. With super easy access to Calgary and the Rocky Mountains this location can’t be beat! An absolute must to see!

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New property listed in Airdrie, Airdrie

I have listed a new property at 1403 604 8 STREET SW in Airdrie. See details here

Awesome top floor unit in the desirable Iron Horse complex! This bright, spacious 2 bedroom, 2 bathroom home boasts a wide open floor plan featuring large living room with corner gas fireplace and patio doors to huge, west facing balcony, spacious dining area, lovely kitchen with lots of counter space and cabinetry and all new windows and patio door installed in 2024! It is a split bedroom plan making it ideal for maximum privacy for yourself and guests. The primary bedroom is very spacious featuring walk through closet and 4 piece ensuite bath. The second bedroom is the size of the primary suite with second 4 piece bath conveniently located immediately adjacent! The large in suite laundry/storage room is an added bonus. This unit comes with 2 assigned outdoor parking stalls equipped with plug ins and all utilities are included in the very reasonable condo fees. This is a fantastic location close to shopping, transportation, schools, walking paths etc. and a must to see so book your showing today!

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New property listed in Valley Ridge, Calgary

I have listed a new property at 10890 Valley Ridge DRIVE NW in Calgary. See details here

This house is undeniably a showstopper. To begin with, it features a renovated dream kitchen complete with granite countertops, ample cabinetry, and newly finished beautiful vinyl plank flooring throughout the main level. It boasts solid oak railings adorned with metal spindles and hardwood steps, along with custom, top-quality light fixtures throughout the home. In the family room, you'll find custom built-in oak cabinetry paired with a cozy gas fireplace and large west-facing windows. The yard is an oasis that has been professionally designed and constructed. Spanning 1,305 square feet, the main floor encompasses the kitchen, breakfast nook, family room, living room, and dining room. The decor exudes sophistication, highlighted by numerous niches, ledges, and bookshelves. The main floor office features custom cabinetry and large etched glass windows framed by elegant French doors. The west-facing backyard is bathed in sunlight and provides access to a spacious deck that overlooks a beautifully landscaped yard, complete with manicured foliage, stunning stamped concrete, and a three-tiered deck encircling a tranquil water fountain and wood burning fire pit. Completing the main floor is a mudroom/laundry room equipped with a sink, a drip-dry clothes rack, custom storage cabinets, and a half bath. The primary bedroom is generously sized, featuring a sitting area, his and hers walk-in closets, and a luxurious five-piece ensuite. The additional two bedrooms also offer walk-in closets, complemented by a four-piece bath. The lower level is framed, wired, and insulated, awaiting your personal touch, and includes a large workshop with benches ready for your projects. The oversized double garage is drywalled, heated with a separate furnace, and comes equipped with work benches and shelving units. There's even more to discover: Pre-wired stereo speaker outlets on the upper deck and primary bedroom, a private fenced dog run complete with an insulated doghouse, a cedar deck pre-wired for a hot tub, custom exterior aluminum security sun shutters on the west-facing family room window, air conditioning, a security system, and an updated painted stucco exterior with newer asphalt shingles. The entire yard has been professionally designed and landscaped with mature trees and shrubs. This remarkable home is conveniently located near paved pathways throughout the community, leading down through the environmental reserve to Bowness Park and Baker Park, with easy access to the mountains and downtown. This is a truly exceptional property that is sure to make a lasting impression. Please check out the short video to highlight what this home has to offer in the summertime.

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New property listed in Valley Ridge, Calgary

I have listed a new property at 201 103 Valley Ridge MANOR NW in Calgary. See details here

Welcome to this beautiful two-bedroom, two-bathroom condo located in the vibrant and sought-after Valley Ridge Estates neighborhood. This residence is perfect for those who value comfort, elegance, and convenience. Enjoy an open floor plan that seamlessly connects the living, dining, and kitchen areas, making it ideal for relaxation and entertaining. The spacious kitchen boasts stylish countertops, stainless steel appliances, ample cabinetry, a roomy pantry, and a breakfast bar, perfect for casual meals or hosting guests. Abundant windows throughout the home fill the space with natural light, creating a warm and inviting ambiance. The primary suite features generous closet space and a delightful ensuite bathroom. The second bedroom is sizable, making it perfect for guests, a home office, or a hobby space, while the nearby full bathroom provides additional convenience and privacy. Step out onto the west-facing private balcony, an ideal spot for sipping your morning coffee, enjoying stunning sunsets, or unwinding after a busy day. For your convenience, this unit includes a washer and dryer, making laundry easy, along with additional storage options. This condo also offers one titled parking stall in an underground heated garage, a designated storage unit, and secure entry, making it a truly complete package. Situated directly across from Valley Ridge Golf Club, you'll have quick access to the city center and the breathtaking Rocky Mountains! Don’t miss the chance to own this spacious, modern condo in a prime location—schedule your viewing today!

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Open House. Open House on Sunday, March 23, 2025 1:00PM - 4:00PM

Please visit our Open House at 116 Oakmere PLACE in Chestermere. See details here

Open House on Sunday, March 23, 2025 1:00PM - 4:00PM

Welcome to this stunning two-story home crafted, upgraded and meticulously maintained by the original owners. A quiet cul de sac, elegant stone exterior and lovely curb appeal along with a front porch is inviting you to relax and enjoy the view. The oversized double attached garage offers ample vehicle and storage space and is roughed in for in-floor heating. Upon entering, you are greeted by an abundance of natural light, an inviting entryway, and a beautiful staircase, all complemented by soaring ceilings. This home features upscale finishes and generous living areas, highlighted by an open-concept kitchen that seamlessly connects to the family room. Make use of the kitchen eating area for casual, quick meals, or elevate your entertaining experience in the inviting living room and dining room. This home features the added convenience of a main floor office and a laundry room conveniently situated in the mudroom next to the spacious double garage. On the upper floor, you will find 2 bedrooms that are generous in size including a 4-piece bath. The spacious primary suite is complete with a fully upgraded 4-piece ensuite and a walk-in closet. The bonus room serves as a spacious gathering area for the family, featuring large windows that allow ample natural light to flood in. The fully finished basement features a good-sized bedroom, a storage area, 3 piece bath and a rec room with pool table. The basement is roughed in for in-floor heating. This property sits on a pie-shaped lot that is fully fenced with maintenance free fencing, mature trees, underground sprinklers and boasts a large 2 tier deck perfect for outdoor entertaining. There is a double detached garage and a large RV parking pad with access to a paved back lane. Some of the recent upgrades include: New shingles and siding in 2018, a new refrigerator, washer and hot water tank in 2024, hardwood flooring, custom oversized windows and upgraded insulation package. This home is in a lovely community that offers walking/bike paths, close to park/playground, amenities and to the Chestermere Lake and golf course. Schedule a showing; you won't be disappointed.

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COMING SOON - #201, 103 VALLEY RIDGE MANOR NW

Luxury condo living at it’s best steps away from the Valley Ridge Golf Course.  This complex is surrounded by green space and the Bow River Valley with quick access to the  mountains or downtown.  Just over 1100 sq ft, this unit offers 2 bedrooms, 2 bath, open concept living space with a dream kitchen with plenty of cupboards, large island, and walk in pantry.  1 titled parking stall comes with the unit, with plenty of storage space.  Enjoy the sun on your west facing deck.  

Offered at $523,800   Will go live on Wednesday, March 19th.     Call for more information and to schedule a viewing.  These units do not last long. . . .

Gerard at 403-703-5548

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COMING SOON - 10890 VALLEY RIDGE DRIVE NW

An immaculate home with an open concept living space, dream kitchen and large west facing windows offering views of the mountains.  3 bedrooms with 2 ½ baths.  Main floor office with French doors and main floor laundry.  Primary suite is large with a sitting area, 4 piece ensuite and his and her walk in closets.  The basement is unfinished with framing, wiring and insulation complete.  This home offers an impeccably kept landscaped backyard that carves out a PRIVATE OASIS with lush manicured foliage, stamped concrete and 3 tiered decks.  

Offered for $850,000.    Will go live on Wednesday, March 19th.  Call me for more details.  

Gerard at 403-703-5548

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Market Report for the past 7 days.

What a difference a week makes.    The active listings in all categories has increased.  The ‘seller’s’ market is shifting.  If you are thinking of selling, I would highly recommend getting the property on the market sooner than later.    Call me for experienced advice.  Gerard at 403-703-5548    

Happy St. Patrick’s Day!!

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.