Calgary Real Estate Market Update with Jimmy Olandesca (2024-12-08)

Guest: Jimmy Olandesca

In this episode, Marko and Jimmy take a deep dive into the latest trends shaping Calgary’s real estate market. With monthly home sales up 0.6% year-over-year and average prices surging across all property types—detached homes averaging $785k and condos reaching $354k—the market continues to heat up. We also discuss two upcoming game-changing dates: the Bank of Canada’s potential jumbo rate cut on December 11, and the increase in insured mortgage caps from $1M to $1.5M on December 15. Plus, with Calgary’s master-planned communities offering a steady stream of supply and affordability, and the city crowned as Canada’s most-searched real estate market, Alberta’s appeal as a homebuyer’s haven shows no signs of slowing down. Tune in to explore how these developments could reshape the market now and for the foreseeable future!

For a deeper dive into their discussion, tune into the episode in the link above! 

Call Jimmy Olandesca at 403-470-9674 for his expert real estate advice and service.

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