Elias Belay - Realtor

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Elias Belay - Realtor Residential and Commercial Real Estate Associate

10/13/2026

From offer to keys: a guide for Alberta homebuyers
Navigating the path from making an offer to unlocking the door to your new Alberta home can feel overwhelming, but breaking it down into clear steps always helps. Start by reviewing your budget—look at what you qualify for in a mortgage, and be realistic about all ownership costs. Next, consider the market value of the properties you’re interested in, and think carefully about the conditions and terms you want to include in your offer. Be sure your offer has a deadline, and be prepared for some negotiation along the way. Once the deal is moving forward, take time to satisfy any conditions, and remember to set up your insurance, utilities, and movers before possession day so your transition is a smooth one. My goal is always to make sure you feel confident and informed every step of the way.

10/12/2026

Canada Needs Twice the Projected Homes
Canada’s housing supply challenge is even greater than many realize. According to the national housing agency, we’ll need between 417,000 and 469,000 new homes built every year through 2036 to bring back the affordability levels we saw before the pandemic—far beyond what current construction trends predict. Even now, we’re facing a supply gap of 187,000 to 238,000 homes annually for at least the next decade. With construction expected to slow more quickly than demand, this shortfall puts our affordability goals at risk. Most current building is already committed to ongoing projects, so bridging this gap will require a major ramp-up in new housing starts. As you navigate your options, understanding the scale of the market’s needs can help set realistic expectations and guide your decisions. My aim is to keep you informed so you’re empowered every step of the way.

Canada housing affordability and market trendsNavigating the Canadian housing market has become more challenging, especi...
10/11/2026

Canada housing affordability and market trends
Navigating the Canadian housing market has become more challenging, especially after the pandemic-driven surge in prices and ongoing inflation. With the Bank of Canada having raised rates sharply before cutting them nine times to the current 2.25%, we’re still seeing inflation hover around 3%. Fixed mortgage rates continue to fluctuate, with some dipping below 4%. As you explore your options, you can rely on up-to-date listings and resources to make informed decisions—whenever it suits your schedule.


https://www.roomvu.com/agent-news/elias-belay/1969760-Canada-housing-affordability-and-market-trends

10/11/2026

Happy Thanksgiving

CMHC Foresees Stable Housing Market Into Year-EndThe latest CMHC data points to a continued slowdown in housing starts a...
10/10/2026

CMHC Foresees Stable Housing Market Into Year-End
The latest CMHC data points to a continued slowdown in housing starts as we move toward the end of the year. Over the past six months, starts dipped by 1.3%, totaling 244,149 units, and the monthly average held steady at about 229,000. Year-to-date, that's a 4% decrease in new construction. While Montreal and Vancouver saw some growth, Toronto's numbers remained unchanged, and overall completions dropped by 11.2%. For anyone keeping an eye on the market, these trends offer important context as you consider your next move—whether you're browsing listings or planning your next step in the real estate journey.


https://www.roomvu.com/agent-news/elias-belay/2073679-CMHC-Foresees-Stable-Housing-Market-Into-Year-End

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036Recent data from CMHC highlights a critical challenge facing Cana...
10/09/2026

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036
Recent data from CMHC highlights a critical challenge facing Canada’s housing market: we’ll need up to 4.69 million new homes by 2036—meaning between 417,000 and 469,000 units should be built every year. The reality? Construction is happening at about half that rate. This pace could put a real strain on housing availability and affordability, especially as costs rise and developers approach new projects with caution, leading to disparities from region to region. As someone who’s always keeping an eye on the market and aiming to keep you informed, I believe it’s essential to stay aware of how these trends might affect your home search or investment plans. My goal is to provide the information and resources you need, whenever you want them, so you can make confident decisions about your next move.


https://www.roomvu.com/agent-news/elias-belay/1995396-Canada%E2%80%99s-Ambitious-Plan%3A-4.69-Million-New-Homes-by-2036

10/08/2026

Canada Needs More Homes to Sustain Affordability
There’s a delicate balance between affordability and available homes in Canada right now. While we’ve seen some recent improvements in affordability, the momentum looks shaky as new home construction slows—especially when it comes to ownership housing. Recent data shows we’d need between 417,000 and 469,000 new housing starts each year just to bring affordability back to where it was before the pandemic by 2036. That means the gap between what we need and what’s being built hasn’t really changed.

Across the country, most of the new housing supply is coming from rentals. Ownership-focused building has dropped off, even as the new rentals help stabilize things a bit. Slower population growth has made homes a bit more accessible, but construction is falling even faster than demand. So, even though things feel softer right now, if demand picks up, we could be facing another supply crunch.

For anyone thinking about buying or selling, or just keeping an eye on the market, it’s clear: maintaining affordability depends on keeping ownership construction strong. This is something I watch closely—it shapes every decision, whether you’re browsing listings or ready to move forward.

10/07/2026

Calgary Resales Take a Temporary Detour
Calgary’s resale market took a slight detour in mid-Q3, with activity down 3.4% from the previous month and 11% year-over-year. The local price index eased by 0.3% compared to last year, suggesting the city is experiencing a period of softer conditions, rather than a dramatic shift. Economic uncertainty—sparked in part by renewed trade tensions—has made itself felt, and some experts see this recent slowdown as a pause rather than a reversal. It’s worth noting that Calgary started to diverge from broader trends back in late Q1, when resale activity slipped and the market began following its own path for the past six months. For some homeowners, this softer resale environment and slower price growth can mean less equity to work with at renewal time, making mortgage payments feel tighter. With the central bank keeping its policy rate steady through late Q3—but some economists hinting a year-end hike is possible—the path ahead adds another layer of complexity to Calgary’s recovery. If you’re keeping an eye on the market or planning your next move, staying informed is key.

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