Author: sheenaroshissacpropertygroup-ca

Here’s a quick update on Calgary’s housing market this month. Homes are selling at a steady pace, with fewer properties changing hands than last year. The number of homes for sale remains limited.

Calgary’s affordability took a positive turn in Q2 2026, putting our city among just six metros in Canada to see genuine improvement this quarter, according to the latest market monitor. This marks an impressive 10th straight quarter of progress—evidence that, even in a challenging climate, Calgary continues to stand out. Still, it’s important to keep perspective: affordability remains below historic averages in every metro tracked, Calgary included, reminding us that there’s still a way to go before we reach more balanced territory.

What’s driving these changes? For Calgary, falling home prices have been enough to offset slightly higher mortgage rates—a shift from last year’s rate-driven recovery. The monitor notes that we shouldn’t count on mortgage rates to give much more relief in the near future, so factors like steady incomes and a more stable pricing environment will be key for buyers and investors alike.

As someone who works with Calgary’s homeowners, buyers, and investors every day, I see firsthand how these trends play out in real time. Navigating affordability isn’t just about chasing numbers—it’s about making thoughtful, informed decisions. If you’re considering your next move in Calgary, I’m here to offer insights tailored to your unique plans.

Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.

Built in 2023 in the Cascata project at Chelsea, this townhome was laid out with two bedrooms instead of three, giving both bedrooms generous space. The second bedroom measures 14'4" by 13'11", almost as large as the primary at 14'5" by 12'7". Both are on the top floor, along with the laundry, and the primary has a four-piece ensuite. Telus PureFibre is available at the address. One level down, the main floor brings the kitchen, dining and living areas together in one open space, with a balcony off the dining area. The kitchen features quartz counters and an island, warm brown cabinetry and stainless steel appliances. The living room measures 14'4" by 12'3", with a dining area large enough for a full-sized table. Measured above-grade space is 1,346 square feet. The garage runs 33 feet deep, holding two vehicles in tandem with a third on the driveway. The builder offered the rear section as an optional office or small third bedroom; that option was not taken, but the courtyard door is already in place. Beyond the shared courtyard, the complex has visitor parking for guests. Chestermere Lake is 2.7 kilometres away. Schools, pathways and parks are within the community, while East Hills Shopping Centre, with Costco, Walmart and Cineplex, is a short drive away. The commute to Calgary is straightforward. The home is vacant, with flexible possession.

In Canada, previous ownership does not automatically decide first-time buyer status. Eligibility can hinge on ownership, occupancy, title interest, or a recent separation.
Many federal programs look at whether you lived in a home you owned during the current year and previous four calendar years.
Insured mortgage rules ask a different question: buyers may qualify if they never purchased, have not occupied an owned home recently, or separated.
Provincial rules can be stricter. In Ontario, a lifetime ownership test generally blocks the land transfer tax refund, even when federal definitions reopen eligibility.
Before assuming you qualify or miss out, ask which first-time buyer definition applies. The right answer can affect valuable Canadian homebuying benefits.