RSS

I have sold a property at 1831 62 AVENUE SE in Calgary

I have sold a property at 1831 62 AVENUE SE in Calgary on Feb 8, 2025. See details here

Charming Bungalow with a 1 Bedroom Basement Suite (illegal), and HUGE double garage plus a full-sized lot in Lynnwood – Perfect for Families, Dog Owners, and Sports Enthusiasts! It offers a perfect combination of modern upgrades - hardwood, carpet, and tile flooring throughout, this home is both stylish and comfortable. The heart of the home is its updated IKEA white kitchen, complete with shiny cabinetry, quartz countertops, and a functional island that’s perfect for meal prep and entertaining. The main floor includes 2 bedrooms and a 4 pc bathroom, while the basement features a refreshed 1 bedroom suite (illegal) with updated flooring and its own separate entrance, ideal for rental income or extended family. Step outside, and you’ll find a backyard that truly sets this property apart. Backing onto Lynnwood Ridge Park, it features a beautiful playground and expansive open space, making it a dream for dog owners and families alike. The backyard also includes a chain-link fenced dog run, a storage shed, and a maintenance-free exterior for added convenience. For those who value garage space, the oversized double garage is fully insulated, equipped with a durable poly floor, and designed to be a mechanic’s dream, with a build cost of approximately $50,000. This well-maintained home has seen numerous updates over the past five years, ensuring it is move-in ready for its new owners. Surrounded by parks, paths, playgrounds, a driving range, Bow River pathways, Lynnwood Park, Jack Setters Arena, two separate tennis courts, and the Outdoor Pool all within a short walk, activities are abundant for year-round outdoor fun. Both elementary and junior high schools are just a short walk away. Enjoy easy access to trendy Riverbend, Deerfoot Meadows, Deerfoot Trail, and Glenmore Trail, connecting you effortlessly to shopping, dining, and the city’s main roadways. This property combines modern living with unbeatable outdoor access, making it a perfect choice for families, dog owners, or anyone looking for a home with income potential in one of Calgary’s most desirable communities. Don’t miss your chance to make it yours!

Read

ATB Economics - Alberta Economic Forecast - December 2024

ATB publishes a quarterly economic forecast focused on the province of Alberta and highlights the key issues and trends in the provincial economy

This forecast will help guide Calgary real estate investors and give them confidence that there is more upside than downside in the current market. However, investors must be mindful of the downside risks and what conditions they could come about and what their magnitude would be

The reasons to be optimistic are:

  • Non-energy capital investment - is trending up and has eclipsed energy capital investment for the better part of a decade

  • Energy production - at record production with no signs of abating

  • Monetary policy - monetary policy will have to continue to support a struggling Canadian economy. Coupled with a resurgent energy industry with a change in federal government, Calgary real estate is poised for another boom

The reason to be cautious is:

  • Net migration - slowing due to affordability challenges in Calgary appears

The ‘jury is still out’ reason is:

  • Energy capital investment - LNG represents a massive opportunity but only if the regulatory environment is accommodating. A change in federal government will do much to achieve that but is a year or two off

I’m still bullish on the Calgary real estate market in 2025 and will continue to be in acquisition mode.  The upsides significantly outweigh the downsides.

I provide more commentary on my Instagram page (kampsrealty).

Read

Calgary Monthly Stats - December 2024

Sales for total residential were 1,322; with an additional 1,239 new listings, the sales-to-new listings ratio increased to over 100%. While this would indicate a strong seller’s market, it is likely a quirk of seasonality and the holidays in December

The unadjusted benchmark price decreased month-over-month, going down from $587,900 to $583,300, a modest 3% increase from last year

The Calgary real estate market remains relatively hot compared to historical standards but is cooling from the elevated activity over the last 3 years. December and January are historically periods of low activity, however, if the Bank of Canada makes another large interest rate reduction in January, the spring market could be extremely active

Read

CMHC Rental Market Survey - December 2024

CMHC published its Rental Market Report highlighting the key metrics and trends characterizing the Calgary real estate market

Key takeaways:

  • Calgary’s rental demand remain high on migration-led population growth. This includes interprovincial and international arrivals

  • This net migration also drove up unemployment as more people arrived than there were jobs available

  • Vacancy rates increase due to more multifamily housing being completed, particularly for purpose-built rentals

  • Vacancy rate increases were most pronounced on new builds. This indicates that there is still a flight to affordability among renters

My insight - older, suited properties are still very viable for real estate investors, with low vacancy rates among these units

Read

I have sold a property at 7243 25 STREET SE in Calgary

I have sold a property at 7243 25 STREET SE in Calgary on Apr 7, 2023. See details here

INVESTOR ALERT - LEGAL SUITE! Be sure to check out the virtual tour. Great central location in Ogden. Main floor & basement suite both have great longterm tenants. This raised bungalow is located on a low traffic street close to schools, parks and easy to get around. Extra-large lot with detached single garage and off street parking spots in the rear. Sunny west facing back yard with with an excellent deck off the back door and backyard to enjoy! The main level is finished with beautiful hardwood floors & neutral paint palette. This level offers 2 good sized bedrooms & a 4 pc bathroom. You will also find a bright, spacious living room and beautifully upgraded kitchen which has a full stainless steel appliance package, including a dual range, trendy white cabinetry and a large window over the sink. The lower level features 1 bedroom & 1 bathroom and offers an updated kitchen with larger basement windows, adding lots of natural light, open concept living room & dining area and large 4 piece bathroom. This is also a subdivided lot (lot 21 & 22) which is great for future potential! - This home is an excellent investment for a cash-flowing rental property with appreciation with the new Ctrain line coming in.

Read
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.