A Real Property Report (RPR) is a legal document that shows property boundaries, structures (like homes, garages, and decks), and how they relate to municipal bylaws. It helps identify potential issues like encroachments, bylaw violations, or easements.

Top 5 Key Facts:
1.RPRs show the exact boundaries and structures on a property.
2. Required for most real estate transactions in Alberta.
3. Lenders often won't release funds without a current RPR.
4. Cost: $500–$950 and must be prepared by a licensed Alberta land surveyor.
5. Most contracts require an RPR with municipal compliance stamp (proves everything meets local bylaws).

Why Sellers Need One
A missing or outdated RPR can delay or collapse your deal. Issues like fences or decks crossing property lines might require retroactive permits or city relaxations—sometimes with added cost or delay.

Red Flags to Watch For

• Fences or sheds over property lines

• Additions without permits

• Non-compliant decks or garages

• Driveways crossing city land

RPR vs. Land Title vs. Title Insurance

• RPR: Physical boundaries & compliance (what you can see)

• Land Title: Legal ownership record

• Title Insurance: Covers hidden issues (like fraud or unpaid liens)

Tips for Buyers & Sellers

• Sellers should order an RPR early to avoid closing delays

• Buyers should always review the RPR with their lawyer

• Condo units typically don’t require an RPR unless they’re detached condos

A RPR isn't just paperwork—it’s protection. Whether you're buying or selling, always ensure the RPR is current, stamped for compliance, and reviewed with a lawyer to avoid surprises.

Want help understanding your property’s RPR or listing your home? Let’s chat!

Rene Simpson | Realtor®
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Realtor®

Uncertainty from tariff concerns and upcoming elections is impacting Calgary and area housing market, with sales dropping 19% year-over-year. However, more new listings (4,000+ in March) and rising inventory (5,154 homes available) are helping the market shift toward balance after years of favoring sellers.

What does this mean for you?
- Buyers: More choices and less competition
- Sellers: Pricing strategies are key in this changing market
- Investors: Keep an eye on interest rates & economic trends

As we head into Spring 2025, understanding these shifts is crucial for making smart real estate decisions. Thinking about buying or selling? Let’s chat about how this shift impacts YOU!

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Residential Realtor®

#AirdrieRealtor #HomeBuying #Investing #RealtorLife #AirdrieRealEstate #CochraneRealEstate #YYCHomes #SpringMarket #legacyrealestateservices #legacyrealestate

Market Shift: Political + Economic Uncertainty Impacting Real EstateRising political uncertainty, upcoming elections, and tariff concerns are shaking consumer confidence, leading to a 19% drop in Calgary home sales year-over-year. However, increased new listings and rising inventory are helping shift the market toward balance, with price trends varying by location, property type, and price range.

• Airdrie: Sales dropped 11% year-over-year to 160 units in March, but increased listings pushed inventory to 398 units, moving the market toward balance. Despite this, home prices remain strong, with the detached benchmark at $651,300, up 2% from last year and nearing the 2024 peak of $657,400.

• Calgary: Sales fell 19% year-over-year to 2,159 units, largely due to economic uncertainty. Inventory climbed to 5,154 units, shifting the market toward balance after four years favoring sellers. The benchmark price held steady at $592,500, with detached and semi-detached prices strong, while apartment and row-home prices remain slightly below last year’s peak.

• Cochrane: Sales remained steady, with 213 units in inventory, aligning with historical trends. While price growth has slowed, the detached benchmark price hit a record high of $686,800, up 5% from last year, keeping Cochrane a strong and in-demand market.

Overall, Airdrie, Calgary, and Cochrane are shifting toward balanced market conditions, with pricing resilience despite inventory growth. Reach out to and I’ll take one uncertainty out of this equation!

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Residential Realtor ®

Airdrie: Airdrie’s real estate market remained active in February 2025, with 225 new listings and 123 sales, bringing inventory to 345 homes and months of supply to nearly 3, the highest since before the pandemic. The benchmark price held steady at $537,600, up 1.6% year-over-year but below the fall peak, while homes averaged 37 days on the market. Overall, the market shows steady demand with increasing inventory, offering some relief to buyers.

Calgary: Inventory surged 76% year-over-year in February to 4,145 units, with the largest gains in homes under $500,000, particularly apartments and townhouses. Sales reached 1,721, above historical averages but 19% lower than last year, while new listings totaled 2,830, resulting in a 61% sales-to-new listings ratio. The benchmark price was $587,600, up 1% year-over-year, with price growth slowing as market conditions eased from the strong seller’s market of recent years.

Cochrane: February saw 75 sales and 126 new listings, both increasing year-over-year and exceeding long-term market averages. Inventory rose by 48% to 196 units, the highest since spring 2021 but still below historical February norms. This increase pushed months of supply to 2.6 months. Despite the inventory gains, market conditions remained tight, supporting price growth. The benchmark price rose over 5% year-over-year to $577,100, approaching record-high levels seen last summer.

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services
Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526

Airdrie, Calgary and area Residential Realtor ®
(Stats provided by CREB®)

Calgary: Housing demand is expected to remain strong, with sales forecasted to exceed 26,000 units, over 20% higher than long-term trends. Prices are predicted to rise by about 3% annually, with the average house price reaching around $810,0001.

Airdrie: Similar to Calgary, Airdrie’s housing demand is projected to stay above long-term trends due to population and employment gains, easing lending rates, and better supply options. However, growth in resale activity may be limited by slowing migration and increased competition from new home construction.

Cochrane: Cochrane’s housing market is also expected to see continued demand, with benchmark prices rising nearly 9% annually. The detached benchmark price is projected to average around $664,625, marking strong growth for the fourth consecutive year.

Overall, while all three areas are expected to experience strong housing demand, factors like economic uncertainty and migration trends may influence market dynamics.

(Stats provided by CREB®)

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services
Renesimpson.realtor@gmail.com
renesimpsonrealty.ca

AIRDRIE | CALGARY | COCHRANE

Airdrie: Sales activity reached 1,951 units in 2024, an increase of over 4% from 2023. The rise in new listings, particularly in the latter part of the year, improved inventory levels and balanced market conditions. The annual benchmark price increased by nearly 8%, with significant gains in higher-density homes.

Calgary: December ended with 1,322 sales, a 3% decline from 2023 but nearly 20% above long-term trends. Overall sales in 2024 were slightly below 2023 levels, with higher-priced homes offsetting declines in lower price ranges due to supply challenges. Inventory reached 2,989 units in December, higher than the previous December but below long-term trends. More housing options in the latter half of the year stabilized home prices, with residential benchmark prices rising over 7% annually. Supply will be crucial in 2025, impacting prices based on the type of supply and economic conditions.

Cochrane: Market conditions favored sellers for most of 2024 due to strong sales compared to new listings. The last quarter saw more new listings, easing the sales-to-new listings ratio to more balanced levels and supporting some inventory gains, although still below long-term trends. The increase in inventory relative to sales pushed the months of supply above two months, reducing price pressure but not offsetting earlier gains. The annual benchmark price rose nearly 9%, averaging $565,808 in 2024.

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