Blog - Patrick Murray

Calgary Market Reports, Home Buyers, Home Sellers, Insights from a REALTOR

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 […]
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, Home Sellers

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 […]
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 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 […]

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 […]

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 […]

Home Buyers 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 […]

Home Buyers 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 […]

Home Buyers 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 […]

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 […]

Home Sellers 5 Mistakes to Avoid When Selling Your Home Selling your home is an exciting step, but it can also be stressful if things don’t go as planned. Avoid these common mistakes to make the process as smooth and successful as possible. Choosing a REALTOR® Based Solely on the Suggested Price It’s tempting to go with the agent who promises the highest price for […]

Insights from a REALTOR Asking Rents in Canada Decrease to an 18-Month Low Amid Market Adjustments The Canadian rental market is undergoing a notable shift, with asking rents hitting an 18-month low as of January 2025. According to the latest National Rent Report from Rentals.ca and Urbanation, the average asking rent for all residential properties fell to $2,100—marking a 4.4% annual decline and a $96 decrease compared to the previous year. […]

Calgary Market Reports 2025 Calgary Real Estate Market: Trends, Opportunities, and What It Means for You As we step into 2025, Calgary’s real estate market is shaping up to be an exciting space filled with opportunities for buyers, sellers, and investors. Following a few dynamic years marked by record-breaking population growth and tight market conditions, the year ahead offers a mix of stability, balance, and growth. Let’s dive into the trends […]

Real Estate Investors Why Calgary Stands Out as One of Canada’s Most Affordable Rental Markets As we step into 2025, it’s worth taking a closer look at the rental market trends across Canada and how they highlight Calgary as an incredibly affordable place to live. For those considering a move to this vibrant city or current residents exploring their options, Calgary’s rental landscape offers unique advantages compared to other major […]

Home Buyers The Importance of Investigating the Property Title Before Listing Your Home When preparing to sell your home, one of the first tasks your real estate professional will undertake is reviewing the property title. The title is a critical document that establishes your legal ownership of the property and confirms your authority to sell it. Here’s what you need to know about this essential step. What is […]

Home Sellers Real Property Reports: Why They’re Crucial for a Successful Home Sale When selling your home, having an updated Real Property Report (RPR) with a municipal stamp of compliance is more than a formality—it’s a necessity. Here’s why the RPR is so important and what you need to do to prepare yours for a sale. What is a Real Property Report? An RPR is a legal document […]

Home Sellers The 3 Keystones to Selling Your Home: Price, Presentation, and Marketing When selling your home, achieving the best possible outcome requires more than just putting up a “For Sale” sign. Success is built on three essential keystones: price, presentation, and marketing. Each plays a critical role, and when combined effectively, they maximize your home’s potential for a successful sale. Keystone 1: Price The first question every […]

Home Buyers Commissions in Real Estate: What You Pay vs. What You Get Commissions in Real Estate: What You Pay vs. What You Get “Price is what you pay. Value is what you get.” —Warren Buffet When selling a home, one of the most talked-about topics is real estate commissions. This is how real estate professionals earn their income, but there’s often confusion about what commissions cover and […]