May Real Estate Market Update 2024

May Market Update

In the wise words of my mother, “Everything in moderation is okay.” And as we witness extremes in our current housing market, it’s evident that balance is key and everything is not okay.

Calgary is experiencing an influx of 60 new residents daily, coupled with less than a month’s housing supply—a trend that’s persisted for some time now. Rental options are scarce, rents are soaring, and property sales are on the rise. Despite these challenges, City Council seems more focused on superficial changes, neglecting the real issues at hand. To add fuel to the fire, the federal government has proposed a 16% increase, exacerbating both the housing and rental crises in YYC by smoking landlords out of being landlords. It’s getting crazy for all of us.

Amidst this chaos, we’re stepping up to help by adapting to meet the rising demands of buyers, sellers, and renters alike.

I’m thrilled to share that our launch event at building338.com was a resounding success! We unveiled our year-and-a-half-long project, we are now offering enhanced support services at our partnership location.

Our extended team is now conveniently located just around the corner:

Team Plintz remains at our main office above Mercato, (we couldn’t give up the amazing food and great people there!). And as always, know that we’re here to guide you through these wild times and provide top-notch service every step of the way.

Detailed market update statistics from the Calgary Real Estate Board for April 2024 are available HERE.