Blog - Patrick Murray

Home Sellers, Home Sellers, Home Sellers, Home Sellers, Insights from a REALTOR

A Silver Lining in Calgary’s Rental Market: What This Means for Homebuyers and Sellers

As a Calgary REALTOR with over 15 years of experience helping families navigate our city’s dynamic real estate landscape, I’m always keeping a close eye on market trends that impact both buyers and sellers. Recently, some fascinating news came across my desk that I believe deserves your attention – and honestly, it’s bringing some much-needed […]
Calgary Market Reports

Calgary’s Housing Market Evolution: Opportunity Knocks for Both Buyers and Sellers

After 15 years of navigating Calgary’s dynamic real estate landscape, I’ve witnessed market cycles that have challenged and rewarded both buyers and sellers. The June 2025 housing market update reveals a fascinating transition that’s creating unique opportunities across our city’s diverse neighborhoods. As someone who’s guided countless families through their real estate journeys, I’m excited […]
Why Hoping for a Major Housing Price Crash in Canada Isn’t Realistic and What It Means for Calgary Buyers and Sellers

A recent article by Kenneth Chan in Daily Hive (posted 3 days ago) highlighted some big news from the Canada Mortgage and Housing Corporation (CMHC): Canadians hoping for a sudden, dramatic housing price drop may need to temper their expectations. According to CMHC, prices aren’t likely to plummet — and in fact, the road to […]
Home Buyers, Home Sellers

Signs of Life in the Market: What May’s Uptick in Canadian Home Sales Means for Buyers and Sellers in Calgary

For the first time in 2025, we’ve seen a month-over-month increase in national home sales—and Calgary was one of the key markets helping to move that needle. According to the Canadian Real Estate Association’s (CREA) latest report, home sales across Canada rose 3.6% in May compared to April, breaking a downward trend that’s lasted since […]

Home Sellers A Silver Lining in Calgary’s Rental Market: What This Means for Homebuyers and Sellers As a Calgary REALTOR with over 15 years of experience helping families navigate our city’s dynamic real estate landscape, I’m always keeping a close eye on market trends that impact both buyers and sellers. Recently, some fascinating news came across my desk that I believe deserves your attention – and honestly, it’s bringing some much-needed […]

Calgary Market Reports Calgary’s Housing Market Evolution: Opportunity Knocks for Both Buyers and Sellers After 15 years of navigating Calgary’s dynamic real estate landscape, I’ve witnessed market cycles that have challenged and rewarded both buyers and sellers. The June 2025 housing market update reveals a fascinating transition that’s creating unique opportunities across our city’s diverse neighborhoods. As someone who’s guided countless families through their real estate journeys, I’m excited […]

Why Hoping for a Major Housing Price Crash in Canada Isn’t Realistic and What It Means for Calgary Buyers and Sellers A recent article by Kenneth Chan in Daily Hive (posted 3 days ago) highlighted some big news from the Canada Mortgage and Housing Corporation (CMHC): Canadians hoping for a sudden, dramatic housing price drop may need to temper their expectations. According to CMHC, prices aren’t likely to plummet — and in fact, the road to […]

Home Buyers Signs of Life in the Market: What May’s Uptick in Canadian Home Sales Means for Buyers and Sellers in Calgary For the first time in 2025, we’ve seen a month-over-month increase in national home sales—and Calgary was one of the key markets helping to move that needle. According to the Canadian Real Estate Association’s (CREA) latest report, home sales across Canada rose 3.6% in May compared to April, breaking a downward trend that’s lasted since […]

Home Buyers Calgary Housing Market: Signs of Life and Opportunities for Buyers & Sellers After a sluggish start to 2025, whispers of optimism are making their way through Canadian real estate markets and Calgary is no exception. According to a recent report by RBC and covered in an article by Uday Rana on Global News, housing activity is showing signs of life in several cities, including right here in […]

Calgary Market Reports May 2025 Calgary Real Estate Market Update: What It Means for Buyers and Sellers If you’ve been keeping an eye on the Calgary real estate market, you’ve likely noticed some shifts in recent months. May brought a bit of a curveball, but not necessarily a bad one. The big headlines point to a 17% drop in residential sales compared to May of last year, with apartment-style homes and row […]

Home Buyers Navigating the National Slowdown: Why Calgary Remains a Beacon of Opportunity in Canada’s Real Estate Landscape The recently released May 2025 housing market report, From Rebound to Retrenchment: Canada’s Housing Market Braces for a Prolonged Slowdown by Allwyn Dsouza, presents a sobering national outlook. After a brief rebound earlier this year, Canada’s housing market is once again facing headwinds—declining home sales, affordability challenges, tighter credit conditions, and shifting consumer sentiment. While […]

Home Buyers If You’re a Seller, What’s Your Best Move in a Tricky Real Estate Market? A Calgary Perspective Spring usually brings a sense of renewal and optimism in the real estate market, often kicking off what many in the industry call the “spring market surge.” But as we’ve seen across many parts of Canada — and yes, right here in Calgary — 2025’s market is more complex. It’s nuanced, it’s shifting, and it […]

Calgary Market Reports Canadian Housing Market Stabilizes in April—What It Means for Buyers and Sellers in Calgary On May 15, 2025, the Canadian Real Estate Association (CREA) released its April housing market report, and for the first time in months, national home sales didn’t decline. While activity remained flat at -0.1% month-over-month, this marks a shift from the cooling trend seen since the start of the year. But what does this mean […]

Home Buyers Calgary’s Rental Market Decline: What It Means for Buyers and Sellers in 2025 The most recent National Rent Report from Rentals.ca and Urbanation reveals some striking numbers for Calgary: average asking rents in the city have dropped by 8.9% year-over-year — the sharpest decline among all major cities in Canada. With the average rent sitting at $1,903, this marks Calgary’s lowest rental level in over two years. On […]

Calgary Market Reports Calgary Real Estate Market Update – End of April 2025 Calgary Real Estate Market Update – End of April 2025 Balanced Conditions Bring Breathing Room for Buyers and Sellers If you’ve been following the Calgary real estate market, you’ll know that things have moved quickly over the past few years — tight supply, steep price increases, and fierce competition. But this April, we saw something […]

Home Buyers Calgary’s Housing Market is Heating Up: Here’s Where Homes Are Selling Fastest If you’ve been keeping an eye on Calgary’s real estate market — whether as a buyer, seller, or investor — you might have noticed some encouraging trends emerging. With rent prices starting to cool off 📉 and the spring market in full swing, the housing market is becoming even more attractive for those looking to […]

Calgary Market Reports Market Update: Calgary Real Estate Begins to Balance Out This Spring As a REALTOR® who’s been active in Calgary real estate for over 15 years, I’ve seen our market shift through many different phases — from red-hot to rock-bottom and everything in between. If there’s one thing I’ve learned, it’s that real estate is always moving, always evolving, and success comes from staying informed and adapting […]

Calgary Real Estate: Still Affordable Compared to Other Major Cities? Affordability is top of mind for many Calgarians and residents of surrounding communities when it comes to real estate. With home prices on the rise and interest rates holding firm, it’s no surprise that buyers—particularly first-time buyers and young families—are asking whether homeownership in Calgary is still within reach. While prices have certainly climbed, Calgary […]

Home Buyers Calgary’s Bold Innovation Strategy: What It Means for Homeowners and Buyers Calgary has always been a city that rises to the occasion. Whether it’s weathering economic challenges, supporting entrepreneurship, or adapting to global changes, this is a place built on resilience and forward-thinking. That spirit was proudly on display this week as Calgary Economic Development unveiled a bold Innovation Strategy at its 2025 Report to the […]

Home Buyers Calgary’s Luxury Real Estate Market Holds Strong in 2025 Despite growing concerns about potential U.S. tariffs on the oil and gas industry and the looming federal election, Calgary’s luxury real estate market is showing remarkable resilience. Recent data reveals that luxury home sales over $1.5 million have increased by more than 11% compared to the same period last year. A total of 68 properties […]

Tariffs, Interest Rates, and the Real Estate Market: What It Means for Buyers and Sellers In real estate, market dynamics are constantly shifting due to external factors such as interest rates, economic policies, and global trade uncertainties. Recent developments—including the Bank of Canada’s (BoC) interest rate cut and ongoing concerns over tariffs—have introduced both opportunities and challenges for buyers and sellers alike. Understanding how these factors interplay can help you […]

Calgary’s Bold Office-to-Housing Conversion Initiative: Is It Working? For years, Calgary has wrestled with a pressing challenge: revitalizing its downtown core. Mark Garner, president of the Calgary Downtown Association, recently emphasized the city’s transformation, calling the West End “the place to be.” His statement marks a significant shift from the struggles Calgary’s downtown faced over the past decade, especially as office vacancies soared […]

Trump’s Tariffs and Calgary’s Mortgage Market: What You Need to Know As we settle into the first months of the Trump presidency, one unexpected side effect has emerged for Canadian homeowners and buyers: lower fixed mortgage rates. According to a recent article by Robert McLister in the Calgary Herald (March 6, 2025), Trump’s tariff-driven trade policies have rattled the bond markets, pulling down yields and, in […]

Home Sellers How to Prepare Your Home for a Stunning First Impression First impressions matter, especially in real estate. When buyers pull up to your property, they’ll form an opinion before even stepping inside. Here’s how to make sure your home stands out for all the right reasons and gets buyers excited to take a closer look. Curb Appeal: Your Home’s First Impression The exterior of your […]