Sukh Dhaliwal Realty

10/21/2024

10/12/2024

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10/03/2024

First Official Newsletter From Bijou Real Estate! 😀
Breakdown of the September 2024 Market Stats from the Calgary Real Estate Board.

10/02/2024

Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year’s record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September.

“We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “While demand has stayed strong across all price ranges, the limited choice for lower-priced homes has likely prevented stronger sales in our market. While the challenges in the lower price ranges are not expected to change, improved supply combined with lower lending rates should keep demand strong throughout the fall, but without the extreme seller market conditions that contributed to the rapid price growth earlier this year.”

New listings in September rose to 3,687 units, the highest September total since 2008. This rise in new listings compared to sales did support some inventory growth. September inventory levels pushed up to 5,064 units, nearly double the exceptionally low levels reported in the spring, but remain below the 6,000 units we typically see in September.

Improving inventory levels compared to sales is continuing to shift our market toward more balanced conditions. In September, the months of supply reached 2.5 months. While this is a gain over last year’s record low, conditions are still tilted in favour of the seller.

Additional supply in the market has taken some of the pressure off home prices over the past few months, following stronger-than-expected gains throughout the spring. In September, the unadjusted benchmark price was $596,900, slightly lower than last month but over five per cent higher than last year’s levels. Year-over-year gains ranged from nearly nine per cent growth for detached homes to nearly 14 per cent gains in the apartment condominium market. The gains for each property type outpaced the growth in total residential prices, mostly due to the shifting composition of sales. (CREB)

08/10/2024

BRIDGELAND
7 BEDS
5 BATHS
2652 SQUARE FEET
LEGAL BASEMENT SUITE
$ 1,790,000
This stunning property is nestled away on one of Bridgeland’s most coveted streets and features a self contained 2-bedroom legal suite and DT Skyline Views!
With over 3600 sq ft of developed space and well-appointed in high end luxurious custom finishings. As you enter the home you are greeted by the lavish 7” inch plank white oak hardwood flooring and flooded with natural light with massive windows and 11-foot ceilings. Chefs Dream Kitchen with tons of two-tone white oak and dark cabinetry, 10 ft oversized waterfall quartz island, white porcelain backsplash, and with commercial grade appliances with 6 burner gas range, paneled fridge, and built in oven, microwave, and coffee machine. Open to the spacious living room with feature floor to ceiling tile faced gas fireplace. Formal dining area with large picture window and feature black slated wall. A large office/den/bedroom and gorgeous full 4-piece bathroom complete the well laid out main floor. Head upstairs to the master suite with spa-like ensuite bathroom with “his and her” quartz undermount sinks, designer light fixtures, under cabinet lighting, wall to wall mirrors, walk-in closet, and massive walk-in double shower with dual rainfall shower heads, floor to ceiling tile and 10mm glass! An additional 3 good sized bedrooms, upper floor laundry room, and another 2 full bathrooms for all your family’s needs. MLS: A2154178
Listed By: Justin Becker & Kip Lindsey - Real Broker

Schedule your private showing today and make this house your forever home!
Call/ text/ email for any inquiries:
Sukh Dhaliwal
REAL BROKER
(403) 966-2233
[email protected]
www.bijourealestate.ca

08/10/2024

SAGE HILL
3 BEDS
2.5 BATHS
1656 SQUARE FEET
💰500,000

Discover upscale living in this fantastic 2-bedroom + den townhouse, offering over 1,600 square feet of developed living space. This beautifully appointed home features upgraded finishes, including granite countertops, stainless steel appliances, and ceiling-high cabinets, creating a perfect kitchen for your culinary creations. With ample counter space and abundant storage, including a dedicated storage room on the lower level, this property is designed for convenience and style. Enjoy your morning coffee and afternoon BBQs on the spacious balcony. The upper level boasts double master bedrooms, each with its own ensuite. One ensuite includes double sinks for added morning convenience, while the custom closet organizer in one of the master bedrooms will keep all your belongings tidy. The other master bedroom features a walk-in closet. The lower level large den can be used as an office and has a rough in for a powder room for future development. Forget about shoveling snow off your vehicle next winter with the convenience of an attached garage. This pet-friendly complex, with board approval, is well-managed and offers reasonable condo fees. The location is ideal, close to numerous schools, shops and services, including Co-op Grocery Store, Bro-Kin Yolk Breakfast Restaurant, Anytime Fitness, and Starbucks. Easy access to Stoney Trail ensures a quick commute around the city. The Rise at Sage Hill is also set to welcome a huge medical building, daycare, Mr. L**e, Petro Canada, and a variety of retail and office spaces. Just a 10-minute walk away is Sage Hill Crossing, home to Walmart, T&T, two Tim Hortons, Dollarama, Planet Fitness, and many restaurants. An 8-minute drive takes you to Costco, Winners, Best Buy, Home Depot, The Brick, and Canadian Tire. Act quickly before this exceptional property is gone!

MLS # A2152423
Listed By: Shannon Sperle with Ben Sweet, Justin Becker and Associates

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Schedule your private showing today!

Call/ text/ email for any inquiries:
Sukh Dhaliwal
REAL BROKER
(403) 966-2233
[email protected]
www.bijourealestate.ca

07/14/2024

Calgary just became one of Canada's priciest rental markets
Contact me to discuss the latest scoop in real estate!

Calgary's rental market has become one of Canada's top 10 priciest, with a 12.8% increase in two-bedroom rental costs since last year. Rent for a two-bedroom apartment in Calgary is around $2,200, close to the national average of $2,349. One-bedroom rent also rose by 3.4% to $1,830. Calgary now rank...

07/14/2024

These condo buildings in Calgary have the lowest fees in the city
Contact me to discuss the latest scoop in real estate!

07/13/2024

Downtown Calgary's first office-to-residential conversion opens
Contact me to discuss the latest scoop in real estate!

07/12/2024

Rate Cuts Set to Favour 2024-2025

07/12/2024

How to File a Home Insurance Claim

07/11/2024

Global Real Estate Outlook Mid-Year 2024
Contact me to discuss the latest scoop in real estate!

Global real estate is expected to improve in the latter half of 2024. Investors are cautiously re-entering the market as capital value declines are anticipated to end. Despite potential for attractive returns, risks persist. The new cycle emphasizes income generation over capital growth. Selectivity...