The first day of summer is approaching! Summer is the warmest season of the year with the longest days and shortest nights, making time for plenty of sunshine! 

Each summer, Calgary's festival scene explodes with hundreds of local and international artists, lively outdoor events and tons of family-friendly fun. "Festival" is just another word for a great big party - and you're invited! The city's music and culture festivals are the high point of the year for many Calgarians.  Check out the city's music and culture festivals, click here for more information.



Whether you are thinking of selling your home, purchasing a new home, or just wondering about either, I sincerely hope you find the information in my newsletter helpful and relevant! 

Here's to a great day ahead!

Lawrence

Realtor Referrals

I want to assure you, that if you do recommend me to your family, friends and/or business associates, I will treat them like family and provide them with excellent service. It is important to me that you know how much I value your referrals.

In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high, it is 34 per cent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limited supply choice compared to last year. Learn More

Steady Rise in Calgary Real Estate Prices Over Five Years

According to the graph below,the real estate market in Calgary has steadily increased in median prices over the past five years. The graph shows a clear upward trend, with prices consistently rising from start to finish. While there are some spikes indicating rapid growth at certain times, the overall direction is upwards, highlighting strong demand for real estate in Calgary.

Several factors likely contribute to this upward trend. Economic growth, favorable interest rates, and supply-demand dynamics play crucial roles in driving prices higher. Additionally, demographic trends and possibly government policies supporting homeownership might be influencing the market. While the upward trend appears widespread, some regions within Calgary may experience more pronounced increases, highlighting regional disparities. This sustained rise in real estate prices has implications for homeowners, investors, and renters, affecting affordability and investment opportunities. Looking ahead, the future outlook suggests continued price growth, although the rate may vary depending on economic conditions and market dynamics.

GRAPH: City of Calgary Average Price of a detached home.

2019   535,919.08 

2020   539,113.82 

2021   585,218.23 

2022   655,752.65 

2023   719,820.26

RECIPE TIME:

Summertime Delicious Chocolate Torte

Make your family this special treat this summer. If you're thinking about pulling out all the stops for a dessert that says wow, look no further. This cherry-crowned beauty—stacked layers of chocolate cake and cream filling—will have everyone talking and eating!  Learn More

We are your one-stop-shop for unique, handmade home decor, gameboards, signs, gifts and furniture.

At The Original Workshop, we specialize in creating high-quality, one-of-a-kind pieces that are sure to make a statement in any home. Our skilled woodworkers use only the finest materials and traditional techniques to craft each item, ensuring that every piece is as unique as the person who owns it.

Contact The Original Workshop today at 587-316-8040.

Learn More