Calgary Market Update February 2023

As we settle into 2023, you may be starting to implement some of those New Year’s resolutions.

If moving to your dream home is on the list, there are a lot of elements to look at before making the leap. For families with children, choosing a location with good schools can be a top issue. We have included some tips on what to look for.

Plus, we will share some of our favourite home gadgets that were just debuted at the famous Consumer Electronics Show a few weeks ago. What home tech inspired you the most?

If you need assistance with buying or selling a home please reach out! We would love to provide you with some custom market information tailored to your community and home style.

Calgary Real Estate Market Update

Supply of lower-priced homes remains low for January

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. At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as detached homes only comprised 47 percent of all sales. “Higher lending rates are causing many buyers to seek out lower-priced products in our market,” said CREB® Chief Economist Ann-Marie Lurie... Read more.

Real Estate News Feed

• Population growth keeps Calgary housing market on the boil – Western Investor
• Calgary posts record real estate sales and price increases in... – Calgary Herald
• Cheaper housing and a bustling job market are leading... – Edmonton Journal
• The Canadian Real Estate Industry’s Forecast Expectations... – Better Dwelling

 Featured Listings Gallery

Choosing a Place to Live with Access to the Best Schools in Calgary

There are a lot of different factors to think about when you’re looking to buy a property and move to a new neighbourhood. A major consideration for many families is how good the schools are in the area. The school system you move to can have a lasting impact on the future of your children because, in many cases, it dictates which schools your family can access.

Here are a few things to keep in mind if you are choosing a place to live with access to the best schools.

1. Ranking System: Start by diving into the data and looking at how different schools across the city are ranked. There are a few different organizations that rank schools, looking at how each school is doing in academics compared to other ranked schools. The results will also indicate whether the school’s scores are improving, declining or just staying steady. The ranking system allows you to objectively compare schools based on hard data about their performance.
2. Registration Deadlines: Another factor to look into before moving to a new neighbourhood and starting at a new school is the registration deadlines. The deadlines will vary from school district to school district but typically they fall sometime before June for priority enrolment. For cross-catchment registration, the deadlines may be earlier in the spring. Even if you aren’t moving to the area until later, make sure to confirm these dates with your school of choice so you can meet the deadlines if needed. In most cases, you can still enrol in the school if you have just moved as long as there is still space.
3. Access to catchment areas: A school catchment area is a geographical area around a school that impacts who is allowed to enrol in that school. In most cases, students have to live in the catchment area to be eligible to attend the local school. While it is possible to register at a school outside the catchment area you live in, you will not have priority and may be denied entrance if there is not enough space. This means that your neighbourhood can play a major role in the education your children receive. When you’re considering which area to purchase a home in with access to good schools, make sure to double-check the catchment area boundaries.

Top 6 Home Innovations Debuted at the CES Show

Each year, the latest and greatest gadgets are revealed at the Consumer Electronics Show. These are some of the top home innovations for 2023:

This ceiling installation of light fixtures and ceiling fans won numerous awards at the show, including the “CES Smart Home Innovation Award.” - SkyPlug Smart

This TV is described as the first true wireless television with no wires or ports at all. It can be mounted to the wall with strong suction cups and is controlled by the gestures of the person instead of a remote control. - Displace Wireless Television

Wouldn’t it be great to communicate with your pet? This device aims to make that possible with a special soundboard pets can learn to use as a communication tool. - FluentPet Connect 

Upgrade your bath into a luxurious spa with this Stillness Infinity Experience Bath. Relax the mind, soothe the body, and renew the spirit with perfect lighting, fog and aroma from essential oils. This product was named CES 2023 Innovation Awards Honoree. - Kohler Stillness Bath

Customized your kitchen with this new home appliances lineup from Samsung. With a new level of intelligent connectivity, make your meal preparation a lot smarter, versatile, and more interactive. - Samsung Bespoke Home 

It looks like art, but it blows cool air your way. Plus, the dual inverter compressor uses 70% less power when compared to a traditional air conditioner. - LG ArtCool Gallery Air Conditioner