North Calgary: Your Guide to This Vibrant and Diverse Community North Calgary offers a unique blend of urban convenience and natural beauty, making it a desirable location for families, young professionals, and retirees alike. With its close proximity to Nose Hill Park, diverse range of housing options, and thriving community spirit, North Calgary is a place where you can truly Thrive. Immerse Yourself in Nature: North Calgary is a haven for nature lovers. Its crown jewel is undoubtedly Nose Hill Park, one of North America's largest urban parks. Here, you can explore miles of trails suitable for hiking, biking, and cross-country skiing. For a dose of family fun, head to Flying Squirrel Trampoline Park or let your inner pilot take flight at The Hangar Flight Museum. Uncover a Diverse Collection of Homes: North Calgary offers a wide range of housing options to suit every budget and lifestyle. Whether you're seeking a spacious detached home in Carrington or Cornerstone, a modern condo in Symons Gate, or a charming townhouse in Coventry Hills or Hidden Valley, you'll find your perfect fit in this vibrant community. Embrace a Vibrant Community: North Calgary fosters a strong sense of community, with numerous events and activities throughout the year. Enjoy the annual Harvest Hills Festival, participate in community sports leagues, or simply relax and connect with your neighbors at one of the many parks and green spaces. Accessibility and Convenience: Living in North Calgary means you're never far from the action. With easy access to major highways and a robust public transit system, commuting to downtown Calgary or Calgary International Airport (YYC) is a breeze. Top-Rated Schools: North Calgary boasts excellent public schools, ensuring your children receive a quality education. From elementary schools like Livingston and Panorama Hills to high schools like Symons Valley and Harvest Hills, you'll find a strong academic environment that nurtures your child's potential. Benefits of Choosing North Calgary: Proximity to nature: Enjoy easy access to Nose Hill Park and other green spaces. Diverse housing options: Find the perfect home to fit your needs and budget. Strong sense of community: Connect with your neighbors and participate in local events. Excellent schools: Provide your children with a quality education. Accessibility and convenience: Easily commute downtown or to the airport. Cost of Living Expense Category Estimated Monthly Cost in North Calgary (CAD $) Housing (Rent for a standard 2-bedroom apartment) $1,200 - $2,200 Utilities (Electricity, Heating, Cooling, Water, Garbage) $150 - $250 Groceries (for a single person) $300 - $500 Public Transport (Monthly pass) $100 - $150 Healthcare (Out-of-pocket expenses, excluding insurance) $50 - $100 Leisure and Entertainment (Movies, dining out, etc.) $200 - $400 Miscellaneous (Clothing, personal care, etc.) $100 - $300   Top Neighborhoods in North Calgary: A Diverse Landscape for Everyone North Calgary boasts a vibrant tapestry of distinct neighborhoods, each offering a unique character and appeal. Whether you're seeking a family-friendly environment, a modern urban vibe, or a tranquil escape, you're sure to find the perfect fit within this dynamic community. Carrington: Luxurious Living with a Country Club Feel Nestled alongside the prestigious Lynx Ridge Golf Course, Carrington is a haven for those who appreciate luxury living. Grand detached houses with manicured lawns and spacious backyards define the landscape, while residents enjoy exclusive access to the community's own swimming pool, tennis courts, and playground. Highlights: Upscale homes with expansive lots Prestigious golf course community Family-friendly amenities Close proximity to Nose Hill Park Cornerstone: Contemporary Living with Urban Flair Cornerstone offers a modern and dynamic lifestyle. This master-planned community features a mix of contemporary townhomes, condos, and apartments, catering to young professionals and urban enthusiasts. Residents enjoy a vibrant atmosphere with trendy shops, restaurants, and cafes lining the streets. Highlights: Modern architecture and design Vibrant atmosphere with shops and restaurants Walkable and bikeable community Close to public transit options Symons Gate: Family-Friendly Oasis with Diverse Amenities Symons Gate is a haven for families seeking a safe and nurturing environment. This community boasts a variety of well-maintained single-family homes and townhomes, offering ample space for growing families. Residents have access to numerous parks, playgrounds, and a community center, fostering a strong sense of belonging. Highlights: Family-friendly atmosphere Diverse housing options Abundant parks and playgrounds Strong sense of community Coventry Hills: Established Charm with a Touch of Modernity Coventry Hills blends established charm with modern conveniences. This mature neighborhood features a mix of traditional detached homes, bungalows, and newer townhomes, catering to a diverse range of residents. A strong sense of community thrives here, with residents enjoying annual events and local businesses. Highlights: Established community with mature trees Diverse housing options Strong sense of community Local businesses and amenities Harvest Hills: Active Lifestyle Hub with Vibrant Energy Harvest Hills pulsates with energy, attracting individuals and families seeking an active lifestyle. This community boasts numerous green spaces, sports fields, and a leisure center, providing ample opportunities for outdoor recreation. Residents also enjoy a vibrant social scene with local shops, restaurants, and community events. Highlights: Active lifestyle focus Abundant parks and sports facilities Vibrant social scene Local shops and restaurants North Calgary's diverse landscape offers a neighborhood for everyone. From luxurious living in Carrington to the modern urban vibe of Cornerstone and the family-friendly havens of Symons Gate and Coventry Hills, you're sure to find your perfect place to call home within this dynamic community.   Let Us Guide You Home: At Ben Sweet, Justin Becker & Associates, we are passionate about helping our clients find their dream home in North Calgary. With our extensive knowledge of the local market and commitment to personalized service, we'll be your trusted guide throughout the buying or selling process. Contact us today to schedule a consultation and discover why North Calgary is the perfect place to call home. Frequently Asked Questions: What are the most popular neighborhoods in North Calgary? Carrington, Cornerstone, Symons Gate, Coventry Hills, and Harvest Hills are among the most sought-after neighborhoods in North Calgary. What is the average price of a home in North Calgary? The average price of a home in North Calgary varies depending on the neighborhood, size, and amenities. However, it generally ranges between $400,000 and $700,000. What are the best schools in North Calgary? North Calgary is home to several excellent schools, including Livingston School, Panorama Hills School, Symons Valley High School, and Harvest Hills High School. What are the best outdoor activities in North Calgary? Hiking, biking, and cross-country skiing in Nose Hill Park, visiting the Flying Squirrel Trampoline Park, and exploring The Hangar Flight Museum are just a few of the amazing outdoor activities available in North Calgary. Is North Calgary a good place to invest in real estate? Yes, North Calgary is a strong and stable real estate market with a good track record of appreciation. With its diverse housing options, growing population, and excellent amenities, North Calgary is a wise investment choice.

Calgary, Alberta, is experiencing an unprecedented surge in population growth in 2023. This rapid increase in residents has significant implications for the city's housing market. In this blog post, we will explore the latest population statistics, analyze the effects of this population growth on the housing market, and discuss the challenges and opportunities it presents for current homeowners, potential buyers, renters, and landlords in Calgary. The Rapid Rise of Calgary's Population in 2023 Calgary has long been known as a vibrant and prosperous city, attracting individuals from various parts of Canada and the world. However, in recent years, the population growth has reached new heights. According to the City of Calgary report, Calgary recorded the most significant level of demand for housing in 2022 since data collection began in 1990. The reasons behind this surge in population include net migration, employment opportunities, and wage growth. Statistics Canada reports that in 2022, Calgary's population saw a substantial increase. It consisted of 10,916 interprovincial migrants to the Calgary census metropolitan area and nearly 30,000 international migrants. In 2022, Alberta’s population grew by 164,793 people, whereas the number of new homes built and new housing available stood at 29,837. A very large gap, the largest ever recorded.  According to recent reports, Alberta is currently witnessing the most rapid pace of population growth in 50 years. The province's population has been increasing at an average rate of 2.4 people per year for every new home built between 1973 and 2022. However, in 2022, this ratio skyrocketed to 6.2 people per new home, setting a new record. The gap between the number of homes available and the number needed has never been wider, creating a severe housing shortage in Alberta. The Housing Market Challenges Faced by Calgary As the population continues to grow, Calgary's housing market faces significant challenges. The City of Calgary report highlights the lowest inventory levels since the boom times of 2006, resulting in limited choices and higher prices for potential homebuyers. While Calgary has a steady supply of new housing, primarily in new communities on the outskirts of the city, the demand is outpacing the supply. Calgary, as the largest city in Alberta, is at the epicenter of this population-driven demand for housing. While other markets in Western Canada have seen a decline in housing prices, Calgary has remained relatively stable, with only a 5% decrease from its peak during the pandemic and a 23% gain compared to pre-pandemic levels. This resilience can be attributed to the influx of migrants into the city, attracted by the relatively lower cost of living, including housing. Calgary's Housing Market Performance In Calgary, townhomes and apartments have seen steady growth, while detached homes have maintained stability. The average housing price in Calgary is $506,400. This stability in prices despite the population growth can be attributed to the high demand and limited supply of housing options. The market dynamics favor sellers, as buyers face limited choices and rising prices. The demand for townhomes and fourplexes in older communities, where there is a shortage of "middle housing," has led to an increase in construction. Builders are meeting buyers' specific demands by offering floor plans that include legal basement suites and constructing net-zero show homes, not just to meet current demand but also to lead the industry in energy-efficient solutions. The high cost of housing in Calgary has also affected the rental market. Rental prices have increased significantly, with a one-bedroom apartment in Calgary seeing a more than 20% increase in December 2023 compared to the previous year. The strong population growth, coupled with suppressed first-time homebuying activity, has contributed to the demand for rental properties. However, the anticipated high number of rental completions in 2023 is expected to temper further rent increases. The Role of Policymakers in Addressing the Housing Crisis With the increasing population and growing demand for housing, policymakers at all levels of government are under pressure to respond effectively. However, it is crucial to focus on closing the gap between supply and demand rather than implementing short-term solutions that may exacerbate the problem. Introducing tax subsidies for first-time homebuyers without increasing supply or implementing restrictive rent controls can have unintended consequences. The City of Calgary plays a significant role in creating the regulatory environment for the development industry to cater to specific demands. Changes to Calgary's Land Use Bylaw, such as allowing for the construction of more rowhouses and townhouses in established areas, reflect the city's commitment to fostering housing diversity. Developers are responding to the demand for "middle housing" by focusing on building townhomes and fourplexes in older communities. The Impact on Homeowners, Homebuyers, Renters, and Landlords The population growth in Calgary has implications for various stakeholders in the housing market. Current homeowners may benefit from the increased demand, resulting in potential appreciation of their property values. On the other hand, potential homebuyers face limited choices and the challenge of higher prices. Renters may also feel the pinch as rental prices increase due to strong population growth and limited rental supply. Landlords, while potentially benefiting from increased rental demand, must also navigate the changing landscape of tenant preferences and affordability. It is crucial for landlords to stay informed about market trends and be mindful of the rules and regulations governing rental properties. Looking Ahead: Balancing Supply and Demand As Calgary's population growth shows no signs of slowing down, it is essential to strike a balance between supply and demand in the housing market. The City of Calgary, developers, and policymakers must work together to ensure a diverse range of housing options that meet the needs of the growing population. This includes not only building new homes but also preserving affordability and addressing the financialization of real estate. Calgary's housing market is at a critical juncture, and the decisions made today will shape its future. While challenges exist, the city's resilience, commitment to housing diversity, and innovative approaches to energy efficiency provide hope for a sustainable and inclusive housing market. As a Realtor® in Calgary with Real Broker, I am dedicated to helping clients navigate the dynamic housing market and find the best solutions that align with their needs and goals. Whether you are a homeowner, homebuyer, renter, or landlord, it is crucial to stay informed and work with experienced professionals to make informed decisions in this rapidly changing environment. Let's find your dream home or investment property in this exciting and evolving city! If you’d like more information about the Calgary Real Estate market, check out our website to browse AllCalgaryListings. For more personalized guidance, feel free to reach out to us by either filling out the contact form below, or visit our Contact Us page. You can also reach out to me, Ben Sweet, directly at +1 (403) 774-7447. If you’re still not convinced, check out our Rave Reviews to see what our past clients have to say about their experience working with us. We look forward to speaking with you soon! Want to find more articles like this one? Check out our blog page to stay up-to-date on everything Calgary and everything Real Estate. You might also find these articles interesting: How to Sell Your House in Calgary's Competitive Seller's Market; Step-by-Step Guide Are Calgary House Prices Dropping? A Realtor®'s Perspective Calgary’s Housing Strategy; The Council’s New Strategy and its’ Implications For Calgarians How to Get a Mortgage in Calgary - October 2023; A Step-by-Step Guide Looking to buy or sell your home this fall season? Check out our Free Mortgage Calculator Tool and our Free Home Valuation Tool. Don’t forget to check back to our website often for more free resources like these!

As a Realtor® in Calgary, I often get asked about the state of the real estate market and whether house prices are dropping. It's a common concern for both buyers and sellers, as the housing market plays a significant role in our financial well-being. In this blog post, I will provide you with an in-depth analysis of the Calgary housing market, the factors influencing house prices, and the outlook for the future. The Current State of the Calgary Housing Market To understand whether Calgary house prices are dropping, it's essential to examine the current state of the market. In August 2023, Calgary experienced a significant increase in sales activity, with 2,729 sales recorded, setting an activity record for the month. This surge in sales can be attributed to a lack of supply, which continues to push benchmark prices higher. However, it's important to note that while benchmark prices are rising, average and median prices are trending lower due to affordability concerns. The Calgary housing market has seen its fair share of ups and downs in recent years. According to a report by CREB, after two years of steady increases, house prices in Calgary are expected to stabilize in 2023. However, it's important to note that this stabilization doesn't necessarily mean a decline in prices. It signifies a shift towards a more balanced market, with prices leveling off after a period of growth. One of the key factors contributing to the stabilization of house prices is the lack of supply. There is a shortage of available homes in Calgary, which has been driving up prices. This imbalance between supply and demand creates a seller's market, where sellers have the advantage in negotiations. Market Status: Seller's Market Based on the sales-to-new-listings ratio, the market status in Calgary is currently a seller's market, with a ratio of 87%. This indicates that there is high demand relative to the number of new listings. As a result, sellers have more negotiating power, and prices are generally higher. However, it's worth noting that the average home price in Calgary for August 2023 was $522,548, which is 3.1% lower than the previous month but 7.7% higher than the average price in August 2022. Factors Influencing Calgary House Prices Several factors influence house prices in Calgary, and understanding these factors can provide insights into whether prices are likely to drop or continue to rise in the future. 1. Economic Conditions The state of the local economy plays a significant role in determining house prices. Calgary has a diverse economy, with industries such as oil and gas, agriculture, manufacturing, technology, and finance contributing to its overall stability. Fluctuations in these industries can impact job growth, migration patterns, and, subsequently, the housing market. 2. Interest Rates Mortgage interest rates have a direct impact on housing affordability. When interest rates are low, buyers can afford larger mortgages, which can drive up demand and push prices higher. Conversely, when interest rates rise, buyers' purchasing power decreases, which can lead to a decrease in demand and potentially lower prices. 3. Supply and Demand The fundamental principle of supply and demand also applies to the housing market. When there is high demand and limited supply, prices tend to rise. Conversely, when supply exceeds demand, prices may stabilize or even decline. The balance between supply and demand is crucial in determining the direction of house prices. 4. Government Policies Government policies, such as regulations and taxes, can have a significant impact on the housing market. For example, changes in mortgage rules or regulations can affect buyers' ability to qualify for loans, which can influence demand and prices. Additionally, policies aimed at increasing housing supply or addressing affordability can also impact the market dynamics. 5. Population Growth Population growth is an important driver of housing demand. Calgary has experienced steady population growth over the years, attracting individuals and families seeking employment opportunities and a high quality of life. Increased demand for housing can put upward pressure on prices, especially in areas with limited supply. Calgary Home Prices in 2023 and Outlook for 2024 In August 2023, the average sold price for all property types in Calgary was $522,548, with detached homes averaging $707,337, semi-detached homes averaging $583,549, townhouses averaging $418,939, and condo apartments averaging $309,958, according to data from WOWA.ca. Looking ahead to 2024, it's important to note that housing market predictions are inherently uncertain. Various factors can influence the direction of house prices, and it is challenging to make definitive forecasts. However, based on current trends and market conditions, it is reasonable to expect that house prices in Calgary will continue to stabilize in 2024. While the rate of price growth may slow down compared to previous years, it is unlikely that we will see a significant decline in prices. The shortage of supply, strong demand, and the overall stability of the Calgary economy are factors that support this outlook. It's important for both buyers and sellers to approach the market with realistic expectations. Buyers should be prepared for a competitive market, where multiple offers and bidding wars are common. On the other hand, sellers should be mindful of setting reasonable listing prices to attract potential buyers. How to Navigate the Calgary Housing Market Whether you're a buyer or seller in the Calgary housing market, it's essential to approach the market with a strategic mindset. Here are a few tips to help you navigate the market: Work with a Knowledgeable Realtor®: A professional realtor with a deep understanding of the local market can provide you with valuable insights and guidance throughout the buying or selling process. Get Pre-Approved for a Mortgage: Before starting your home search, it's important to get pre-approved for a mortgage. This will give you a clear understanding of your budget and help you make competitive offers in a fast-paced market. Consider Different Property Types: If affordability is a concern, consider exploring different property types such as townhouses or condo apartments. These options may offer more affordable entry points into the market. Stay Informed: Keep up with the latest market trends, economic indicators, and industry news. This will help you make informed decisions and adapt to changing market conditions. Conclusion In conclusion, the Calgary housing market is expected to stabilize in 2023, with house prices leveling off after a period of growth. While a decline in prices is not anticipated, the rate of price growth may slow down. Factors such as economic conditions, interest rates, supply and demand dynamics, and government policies all play a role in shaping the direction of house prices. As a Realtor®, it's my goal to provide you with the most accurate and up-to-date information to help you make informed decisions in the Calgary real estate market. Whether you're buying or selling, it's essential to work with a knowledgeable professional who can guide you through the process and help you achieve your real estate goals. If you have any questions or would like to discuss the Calgary housing market further, feel free to reach out to me. I'm here to help you navigate the ever-changing real estate landscape with confidence. To do so, check out our Contact Us page, fill out our contact form below, or visit our website AllCalgaryListings for more information. To browse active listings in Calgary right now, or use our free mortgage calculator tool, or get a free online home valuation, head on over to our website. You can also reach out to me directly at +1 (403) 774-7447, and I will get back to you shortly! Want to see more helpful information like this? Want to always stay up to date on everything Calgary real estate? Check out our blog page for more, like The City of Calgary Council’s New Housing Strategy!