Realtor_Paul_Chou

Completed my first race over the weekend 🏃🏻‍♂️

Somewhere between 12km and the finish line, I started questioning why I ever signed up… but we got there!

What a humbling and challenging experience.

From the participants, to the crowds cheering along the course, to all the volunteers — the vibe all day was incredible! It was amazing to be part of such a great race and community.

Thank you and everyone who helped make this event possible.

See you next year 🫣

— Balanced conditions in the city, except for apartment-style units —

🔹Sales in April 2,104 (down 5.7% from this time last year)

🔹Benchmark price for total residential (all property types): $568,800 (down 3.5% from this time last year)

🔹Inventory: 5,973 (up 1.8% from this time last year)

🔹Months Supply: 2.84 months — Balanced Market

Summary:
In line with seasonal expectations, both sales and inventory levels trended up relative to March’s activity. Despite this typical monthly rise, April sales totalled 2,104 units, 6% lower than levels reported in 2025.

Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers, helping our market shift away from seller’s market conditions to more balanced conditions. However, the trend of limited supply choice in the detached market continues, while conditions favour the buyer in the apartment condominium market.

So far in 2026, conditions have varied, ranging from seller’s market conditions and price growth for detached homes in some parts of the city to buyer’s market conditions and price adjustments in the apartment condominium sector.

[stats provided by CREB®]

JUST LISTED

📍11 Mahogany Row SE, 3415

Community: Mahogany
MLS: A2309369

Experience resort-style living in the award-winning lake community of Mahogany. This well-maintained top-floor unit offers an open-concept layout with elegant finishes throughout.

🛏️: 2
🛀: 2
📐: 853 sqft
🚘: Title (1) oversized

DM me for more information!
_____________________

Paul Chou
RE/MAX FIRST
587-215-0605 | [email protected]

Happy 🐧

JUST LISTED

📍5516 Taylor Crescent N.E

Community: Thorncliffe
MLS: A2302540

A fully developed 4-level split located on a quiet street facing a large greenbelt and park. Offering a great layout with income potential and a basement illegal suite. This home delivers versatility in a well established community.

🛌: 4
🛀: 3
📐: 1,049 sqft (AG)
🚘: Double detached + carport + driveway

DM me for more information!
_____________________

Paul Chou
RE/MAX FIRST
587-215-0605 | [email protected]

- Trends differ based on property type -

🔹Sales in March 1,881 (down 12.8% from this time last year)

🔹Benchmark price for total residential (all property types): $565,600 (down 4.2% from this time last year)

🔹Inventory: 5,395 (up 4.7% from this time last year)

🔹Months Supply: 2.87 months — Sellers Market

Summary:
Supply conditions in March varied significantly depending on property type. Inventory levels saw a typical monthly rise, but compared with long-term trends, inventory remained well above the 10-year average for both row and apartment-style units and well below trend for detached homes. This is not a surprise given the pullback in detached housing starts last year despite record-high apartment-style starts. 

The decline in sales is mostly due to pullbacks in apartment-style activity, where increased supply choice and slower migration is spreading demand across a wider range of supply. Meanwhile, detached sales have also slowed compared to long-term trends, likely due to limited supply choice in some city districts.

When considering total residential housing statistics, conditions appear to be relatively balanced as sales, new listings, inventories and prices all trended up over the previous month as we start to move into the spring market. However, when we look deeper, we are seeing a market that ranges from tighter conditions for detached homes to the apartment sector, where conditions tend to favour the buyer. As expected, this is supporting upward momentum in detached prices and downward pressure in the apartment condominium sector.

[stats provided by CREB®]

, , , ,

Detached market tightens while apartments remain oversupplied

🔹Sales in February 1,526 (down 11.2% from this time last year)

🔹Benchmark price for total residential (all property types): $560,500 (down 4.4% from this time last year)

🔹Inventory: 4,822 (up 16.3% from this time last year)

🔹Months Supply: 3.16 months — Balanced Market

Summary:
Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer. 

Slowing migration levels are coming at a time when supply for apartment-style homes is rising. Calgary reported record high starts last year, mostly due to gains in apartment starts where there are nearly 18,000 units currently under construction. While a large share of the units is targeted for rental, this also impacts condo ownership markets.
Meanwhile, on the opposite end of the spectrum, the detached market remains relatively balanced in the higher price ranges and continues to struggle with limited supply for homes priced below $700,000.

PM me if you have any questions about the market or what’s happening in your neighborhood.

[stats provided by CREB®]

JUST LISTED

📍4-1205 Cameron Avenue S.W

Community: Lower Mount Royal
MLS #: A2287773

Welcome to Copper Castle — a bold, unique, and one-of a-kind complex in Calgary’s inner-city. Defined by its copper and brick exterior. This distinctive industrial-modern design is far from your typical townhouse. Quietly tucked between the vibrant 17th Avenue and the prestigious community of Upper Mount Royal this location is truly unmatched.

Offering over 1,300 sqft of bungalow-style living, this unit delivers all the modern upgrades in the comfort of single-level living.

🛌: 2 + DEN
🛁: 2
📐: 1,325 sqft
🚘: Double attached garage (27 x 22)

DM me for more information!
_____________________

Paul Chou
RE/MAX FIRST
587-215-0605 | [email protected]

calgaryalberta

Here to inspire and stay on trend 😁