More Supply = Softer Prices
We’re seeing the impact of economic uncertainty, politics, tariffs, and no further Bank of Canada rate cuts have created hesitation. Combined with increased competition from new construction, buyers are more cautious, and sellers are adjusting.

Inventory levels in Calgary hit 6,917 units, the highest since pre-pandemic days — thanks mostly to new construction in expanding communities.

Benchmark Price Down 4% from last year’s peak (June 2024), with apartment and row homes seeing the steepest drops — especially in the NE and North districts.

July Stats:
• 2,099 sales (down 12% YoY)
• 3,911 new listings (up 8% YoY)
• Apartments = most oversupplied at 4+ months
• Detached/Semi = relatively balanced at 3 months

Reminder: Despite the softening, prices are still well above pre-2021 levels in most areas!

Airdrie Market Update:

-Sales Down 14% YoY, mainly in apartment and row homes
- Inventory up to 543 units – highest July since 2018
- Months of supply above 3 = slight pressure on prices
- Benchmark price: $532,800 (down ~4% YoY)

• Prices still holding relatively steady on a year-to-date basis.
  
  Cochrane Market Update:

-Sales remain strong, only down 2% YTD and still 23% above long-term trends
-New listings hit record high for July, pushing inventory up
-Benchmark price: $590,000 – up 2% YoY, and up 4% YTD

-Still one of the more resilient markets in the region.

Curious how this impacts your property value or buying power? Contact me.

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

Market data provided by CREB® Info. is deemed reliable but not guaranteed. Stats are for informational purposes only and may not reflect current market conditions.

All content produced under this ad is the sole property of Rene Simpson | Legacy Real Estate Services
© 2025 Rene Simpson. All rights reserved.

As we step into July, we’re seeing a shift across many local markets. After months of limited inventory and intense competition, things are beginning to ease. Inventory is climbing in most areas, and in many cases, prices are softening, a welcome sign for buyers who have been waiting on the sidelines.

AIRDRIE had a major jump in sales, but prices dropped significantly, suggesting motivated sellers and more competitive pricing. Slight inventory growth points to early signs of shifting leverage toward buyers.

CALGARY remains relatively balanced, but the steady sales vs. rising inventory and small price drop could indicate more options for buyers, leaning neutral to slightly buyer-friendly.

COCHRANE despite fewer sales, prices are up, indicating demand still exists for well-priced homes. Market remains balanced but is holding stronger than other towns.

OKOTOKS remains steady with rising prices and consistent pace.

RENE’s SUMMARY:

◾️Airdrie, Crossfield, Strathmore, and Carstairs are leaning buyer-friendly: more inventory, price drops, and longer DOM.

◾️Calgary, Cochrane, and Okotoks: remain fairly balanced, though Calgary is starting to show signs of becoming more favorable to buyers.

◾️Chestermere: is mixed, price is up, but so are DOM and inventory.

What does this mean for you?
If you’ve been thinking about buying, this summer might offer more selection and negotiating power. Sellers, pricing strategically and prepping your home well will be key as the market becomes more competitive.

Let’s chat about your next move, whether it’s buying, selling, or just planning ahead!

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

Airdrie, Calgary and area Realtor®

Market data provided by CREB® Info. is deemed reliable but not guaranteed. Stats are for informational purposes only and may not reflect current market conditions.

All content produced under this ad is the sole property of Rene Simpson | Legacy Real Estate Services

© 2025 Rene Simpson. All rights reserved.
#airdrierealtor #calgaryhomes #marketupdate #june2025market #legacyrealestateservices

Sold in just 22 days!

Big congrats to our amazing client! It was such a pleasure helping you sell your home — and yes, even cutting your grass along the way!
Grateful for the opportunity to work together and be part of your journey.

#SOLD #CalgaryRealEstate #yycrealtor #airdrierealtor #legacyrealestateservices #legacyrealestate #justsold #swcalgaryhomes

The May housing market continues to adjust and rebalance with new listings increasing and inventory building across many segments. While some areas are seeing price softening, especially for apartments and row homes, detached and semi-detached properties remain stable or up slightly year-over-year.

Airdrie
Inventory hit its highest May level since before the pandemic, driven by new construction. This added supply is cooling price growth, with sales down 10% YTD. Benchmark Price: $540,600 (↓ ~2% YoY)

Calgary
Sales eased 17% compared to last May (largely due to apartments), but still sit 11% above long-term trends. The market is shifting toward balanced conditions, especially in areas like the Northeast where inventory is rising. Benchmark Price: $589,900 (down slightly from last year)

Cochrane
Sales slowed 17% year-over-year while new listings surged, pushing the market closer to balance. Despite this, prices remain up nearly 4% year-over-year. Benchmark Price: $589,400 (↑ ~4% YoY)

What does this mean Rene?
More choice is returning to the market, especially in new construction, which is creating a mix of opportunity and competition depending on location and property type. If you’re buying or selling in today’s shifting market, strategy matters more than ever.

Let’s talk about what this means for your next move.

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

Market data provided by CREB® (Calgary Real Estate Board). Information is deemed reliable but not guaranteed.
© June 2025 Rene Simpson. All rights reserved.

Balanced conditions are back! With rising inventory and steady sales, the pressure on prices is easing,  giving both buyers and sellers more breathing room.

Airdrie:
Inventory is up after years of tight supply, helping stabilize prices. Sales remain strong compared to long-term trends.

Calgary:
Lower-priced homes are still in short supply, but new listings are slowing price growth across the board.

Cochrane:
Sales steady, inventory up. The market remains balanced but prices are trending upward thanks to strong demand.

Thinking of buying or selling in Airdrie, Calgary, Cochrane or area?
Let’s talk strategy while conditions are in your favour. Contact me for your free local market report!

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

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526

Airdrie | Calgary | Cochrane and Area Realtor®

Market data provided by CREB® (Calgary Real Estate Board). Information is deemed reliable but not guaranteed.
© May 2025 Rene Simpson. All rights reserved.

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.

Welcome to My Real Estate Blog! Here you can find timely updates of my latest properties, open houses, just solds and much more.

Whether you are interested in buying or selling real estate, I am here to help guide you every step of the way.

If you have any questions about real estate from home evaluations to mortgages to searching for properties in your area, don't hesitate to contact me today!