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These are the cheapest real estate listings in Calgary | Urbanized – Daily Hive

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Good news for YYC house-hunters – you don’t have to break the bank to purchase your own home.

In this month’s roundup of Zoocasa’s cheapest real estate listings in Calgary, affordable properties can be found throughout the city for under $440,000.

A lower budget doesn’t mean you have to compromise your standards, as most of these properties offer updated kitchens and bathrooms, recently replaced flooring, and state-of-the-art appliances.

If you’re in the market for a new home, take a peek at these Calgary real estate listings.

5. $435,000: 24 Masters Manor SE

cheapest real estate Calgary

Courtesy of Zoocasa

Courtesy of Zoocasa

Listing details: 

  • 3 bedrooms
  • 2 bathrooms
  • 1,520 sq ft

In this Copperfield home, house-hunters will find kitchen upgrades, including sleek backsplashes and under-cabinet lighting, a large dining room window, and an open floor plan throughout the first storey. The master suite has a walk-in closet and four-piece ensuite, and the front yard of the property is fully landscaped.

4. $424,900: 4622 Marcombe Way NE

Courtesy of Zoocasa

Courtesy of Zoocasa

Listing details: 

  • 5 bedrooms
  • 2 bathrooms
  • 1,056 sq ft

Live in this Marlborough home, featuring a huge living room, brand new two-tone kitchen, and vinyl flooring throughout. The property is in a prime location, close to shopping, parks, transportation, and schools.

3. $419,000: 309 Skyview Springs Gardens NE

Courtesy of Zoocasa

Courtesy of Zoocasa

Listing details: 

  • 3 bedrooms
  • 2 bathrooms
  • 1,544 sq ft

Located in Skyview Ranch, this home features an open-concept main floor with hardwood flooring throughout, stainless steel appliances in the kitchen, and a walk-in closet in the master bedroom. The property is located on a quiet street. It has a partially finished basement and a double detached garage.

2. $399,990: 236 Silverado Range View SW

Courtesy of Zoocasa

Courtesy of Zoocasa

Listing details: 

  • 3 bedrooms
  • 2 bathrooms
  • 1,545 sq ft

This family-friendly home in Silverado boasts two fully finished floors with upgrades, a huge kitchen island, lots of natural light, and a fenced backyard with a large deck. An undeveloped basement and a parking pad with room for a garage allow for future additions to add value to the property.

1. $374,900: 255 Everglen Way SW

Courtesy of Zoocasa

Courtesy of Zoocasa

Listing details: 

  • 3 bedrooms
  • 1 bathroom
  • 1,177 sq ft

This fully-renovated home is located in Evergreen is a quick walk or bike ride from Fish Creek Provincial Park. The two-storey house has a gas fireplace, luxury vinyl plank flooring, a brand new kitchen with a custom waterfall counter, and a spacious backyard and deck.

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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