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    <guid>https://www.paullamba.com/blog/timing-is-everything-how-the-end-of-daylight-saving-time-changes-your-real-estate-advantage/</guid>
    <link>https://www.paullamba.com/blog/timing-is-everything-how-the-end-of-daylight-saving-time-changes-your-real-estate-advantage/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>Timing Is Everything: How the Start of Daylight Saving Time Changes Your Real Estate Advantage</title>
    <description> <![CDATA[ 








Spring Forward: How Daylight Saving Time Creates New Real Estate Opportunities





A Canadian Tradition That Brightens Your Home Buying and Selling Experience


Did you know that Canada made history as the birthplace of Daylight Saving Time? On July 1, 1908, Port Arthur, Ontario (now Thunder Bay) became the world's first location to implement this time-shifting practice.1 Over a century later, this Canadian innovation continues to impact our daily lives—and creates unique opportunities in the real estate market.


At MaxWell Realty, we understand that timing can make all the difference in your real estate journey. As we prepare for the clock change in 2025, let's explore how those extra daylight hours can work to your advantage whether you're buying, selling, or just curious about the market.


When Does Daylight Saving Time Begin in 2025?


Mark your calendars: Daylight Saving Time begins on Sunday, March 9, 2025, at 2:00 AM local time across most of Canada. This is when we &quot;spring forward&quot; one hour, shifting our clocks to 3:00 AM and extending daylight into our evening hours.2


Regional considerations: While most provinces observe DST, there are exceptions:






Region

Observes DST?






Alberta


Yes




British Columbia


Yes (except some areas)




Yukon


No




Saskatchewan


Mostly No




Québec (east of 63° W)


No






3


As a 100 Canadian-owned brokerage, MaxWell Realty agents understand these regional differences—a crucial detail when coordinating real estate transactions across different provinces.


How The Start of DST Transforms Real Estate Opportunities


Extended Viewing Hours


The additional evening daylight creates significant advantages for property showings:




Evening viewings become more practical with sunlight extending until 7-8 PM


Weekend open houses can run later, accommodating more potential buyers


Properties with outdoor features benefit from natural light showcasing4




Our MaxWell REALTORS® strategically schedule showings to capitalize on these extended daylight hours, helping you see more properties or showcase your home to more potential buyers.


Market Activity Acceleration


The beginning of DST traditionally signals a shift in real estate momentum:




Increased buyer engagement: Spring typically brings more active buyers to the market


More competitive listing environment: Sellers can benefit from heightened interest


Seasonal price adjustments: Market activity often correlates with modest price increases5




Property Presentation Advantages


The additional natural light creates distinct presentation benefits:




Gardens and landscaping begin their spring revival


Natural light showcases interior spaces more effectively


Longer evenings allow better evaluation of neighborhood atmosphere and streetscape




Our MaxWell agents leverage these seasonal advantages when marketing your property, ensuring buyers see your home in its best light—literally.


The Canadian Legacy of Daylight Saving Time


While Benjamin Franklin first proposed the concept in 1784, it was Canadian innovation that brought Daylight Saving Time to life. Port Arthur, Ontario made history by implementing DST on July 1, 1908, as a practical solution to make better use of daylight hours.6


This pioneering spirit reflects the same forward-thinking approach MaxWell Realty brings to the Canadian real estate market. Since 1999, we've helped clients navigate seasonal shifts with our core values of honesty, knowledge, and transparency.


Seasonal Advantages You Can Leverage During Daylight Saving Time


The spring time change creates distinct opportunities in the real estate market that savvy buyers and sellers can capitalize on:




Extended daylight hours allow for more flexible showing schedules and evening viewings


Strategic timing of listings during this active spring market can maximize exposure


Data-driven pricing approaches become especially valuable as market activity increases


Scheduling flexibility opens new possibilities for open houses and property tours




At MaxWell Realty, we help clients across Western Canada recognize and leverage these seasonal advantages with personalized strategies tailored to your specific real estate goals.


Making Your Move This Spring


The start of Daylight Saving Time signals one of the most dynamic periods in Canadian real estate. With longer evenings, energized buyers, and homes shown in their best light, spring offers unique advantages for both buyers and sellers.


Whether you're listing your property or searching for a new home, MaxWell Realty professionals are ready to help you navigate the market with confidence—making the most of every extra minute of daylight.


Ready to spring forward with your real estate plans? Contact your local MaxWell Realty office today for a consultation with one of our experienced REALTORS®. Let us show you how we turn seasonal shifts into opportunities for our clients.7


Sources






&quot;The Canadian Encyclopedia: Daylight Saving Time,&quot; Historica Canada, accessed March 2025, https://www.thecanadianencyclopedia.ca/en/article/daylight-saving-time ↩






&quot;Daylight Saving Time 2025 in Canada,&quot; TimeAndDate.com, accessed March 2025, https://www.timeanddate.com/time/change/canada ↩






Government of Canada, &quot;Time Changes in Canada,&quot; National Research Council Canada, accessed March 2025, https://nrc.canada.ca/en/certifications-evaluations-standards/canadas-official-time/time-zones-daylight-saving-time ↩






National Association of Realtors, &quot;Impact of Seasonal Light Changes on Property Viewings,&quot; Journal of Real Estate Practice, Spring 2024. ↩






Canadian Real Estate Association, &quot;Seasonal Market Trends Report,&quot; CREA, March 2024. ↩






Prerau, David. &quot;Seize the Daylight: The Curious and Contentious Story of Daylight Saving Time,&quot; Thunder's Mouth Press, 2023. ↩






&quot;MaxWell Realty Canada,&quot; accessed March 2025, https://www.maxwellrealty.ca/ ↩












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    <pubDate>Sat, 08 Mar 2025 19:04:00 -0700</pubDate>
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        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Daylight Savings Begins</title>
    <description> <![CDATA[ 




Don't Forget To Turn The Clocks 1 Hour Ahead Sunday
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    <pubDate>Sat, 08 Mar 2025 14:57:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/women-in-canadian-real-estate-celebrating-leadership--innovation--iwd-2025/</guid>
    <link>https://www.paullamba.com/blog/women-in-canadian-real-estate-celebrating-leadership--innovation--iwd-2025/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>Leading the Way: Women in Canadian Real Estate on International Women’s Day</title>
    <description> <![CDATA[ 
Women in Canadian Real Estate: Celebrating Leadership &amp; Innovation | IWD 2025


International Women's Day 2025 spotlights the theme &quot;For ALL Women and Girls: Rights. Equality. Empowerment&quot; – a perfect moment to recognize the powerful impact women are making across Canada's real estate landscape.


At MaxWell Realty, a proudly 100 Canadian-owned company founded in Alberta, we believe diverse perspectives create exceptional outcomes for our clients and communities. As we celebrate on March 8, we're reflecting on progress made and opportunities ahead for women in Canadian real estate.





The Changing Face of Canadian Real Estate


The numbers tell a compelling story:






Women represent 55 of licensed REALTORS® across Canada (Canadian Real Estate Association, 2024)






One in three Canadian real estate investors are women, with this figure growing steadily year over year (Canadian Real Estate Wealth, 2023)






In provinces like Ontario and British Columbia, women are now obtaining real estate licenses at higher rates than men






Single women homebuyers are a growing market segment in Canada's urban centres, particularly in Toronto, Vancouver, and Calgary






These statistics reflect thousands of Canadian professionals reshaping our industry through diverse perspectives and innovative approaches to serving clients.


Why Gender Diversity Matters in Canadian Real Estate


Research consistently shows that diversity drives business success:






Canadian companies with gender-diverse leadership are 21 more likely to outperform competitors financially (Conference Board of Canada, 2023)






Diverse teams bring varied perspectives to problem-solving, creating more innovative solutions for Canada's unique regional markets






Women often bring strong communication and relationship-building skills that enhance the client experience throughout the complex Canadian buying and selling process






For Canadian buyers and sellers, this means working with professionals who better understand their unique needs in our diverse local markets.


MaxWell Realty's Canadian Commitment to Advancement


As a proudly Canadian company since 1999, our core values of honesty, integrity, and transparency naturally extend to creating equal opportunities for all real estate professionals. We demonstrate this through:






Mentorship opportunities that support career development across all Canadian provinces where we operate






Flexible work arrangements that recognize the importance of work-life integration for Canadian professionals






Recognition programs that celebrate excellence throughout our Canadian network






We believe that when all Canadian professionals have equal opportunities to succeed, our clients receive superior service tailored to local market conditions.


Building on Progress: What's Next for Canadian Real Estate?


While celebrating significant advancements, we recognize that true equality requires ongoing commitment. Looking ahead, Canada's real estate industry has opportunities to:






Increase women's representation in commercial real estate and leadership positions across major Canadian markets






Create more structured mentorship programs connecting experienced Canadian professionals with newcomers






Highlight diverse success stories from across Canadian provinces that inspire the next generation






As the theme of IWD 2025 reminds us, empowerment must include ALL women and girls – across Canada's diverse communities, experiences, and perspectives.





Join Us in Celebrating Canadian Women in Real Estate


At MaxWell Realty, we're proud to be a 100 Canadian-owned company in an industry where women increasingly make their mark through leadership, innovation, and exceptional client service.


This International Women's Day, we invite Canadians to reflect on how we can collectively advance equality in real estate:






For Canadian brokers and team leaders: Consider how your recruitment and mentorship practices support diversity






For Canadian agents: Connect with women-led networking groups and provincial real estate associations' diversity initiatives






For Canadian clients: Support diverse real estate professionals who bring unique perspectives to your transaction






Moving Forward Together


Canada's real estate industry thrives when all professionals have equal opportunities to contribute their talents. As we honor International Women's Day 2025, MaxWell Realty remains committed to our Canadian roots and creating environments where diverse perspectives drive excellence in serving our clients and communities.


What initiatives do you think would most effectively support women in Canadian real estate? Share your thoughts in the comments below


Sources:






UN Women (2025) &quot;International Women's Day 2025 – For ALL Women and Girls&quot;






Canadian Real Estate Association (2024) &quot;Member Demographics Report&quot;






Canadian Real Estate Wealth (2023) &quot;Women Investors Reshaping the Market&quot;






Conference Board of Canada (2023) &quot;Diversity and Business Performance&quot;






Royal LePage (2024) &quot;Women in Canadian Real Estate: Industry Perspectives&quot;





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    <pubDate>Fri, 07 Mar 2025 15:56:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/real-estate-blog-march-2025/</guid>
    <link>https://www.paullamba.com/blog/real-estate-blog-march-2025/</link>
        <author>chrisraven09@gmail.com (Chris Raven)</author>
        <title>Real Estate Blog March 2025</title>
    <description> <![CDATA[ 
Dear Reader,


There’s a Tanzanian proverb, “Little by little, a little becomes a lot,” which can be applied to anything, whether it’s fitness, relationship goals, or developing a new skill. The same can be said for every little improvement you make to your property over time.


The great thing about these e-newsletters is that they are packed with a variety of ideas on how you can improve your home to increase its value, help save you money, enjoy your home more, and live a healthier life. This month’s e-newsletter, for example, features articles about window treatments, how to choose a home security system, and DIY natural cleaners. While these may seem like little things when it comes time to sell, the more improvements you have made to your home “little by little,” the greater the return on your investment will be. 


If you would like me to assess your property and suggest improvements that would give you the best bang for your buck, please don’t hesitate to reach out to me. Call or email today.


An Eye into Window Coverings






Window coverings help give a room a cohesive look while also serving practical purposes. So where do you begin when choosing the right ones?


First, decide on your priorities for each window, such as light control, privacy, room function, décor style, and energy savings. 


Once you know your priorities you can shop around. The three most common types of window coverings are:


Shades — Typically, shades are made of a single piece of fabric that can be raised up or down depending on how much light and privacy is desired. Roman shades are a popular choice for their elegance and timelessness.


Blinds provide a minimalist and modern look and are available in horizontal or vertical options. They are also a good choice for windows with drapery that sometimes need extra privacy. 


Curtains — A good option for creating warmth in any room. Drapery panels also accentuate ceiling height and can make small windows appear larger. They work well for large windows and sliding doors and can exude a grand, elegant look. Or for a dose of charm in your kitchen, consider café curtains.


Whatever covering you choose there’s a variety of styles, light filtering options, and some even have motorized capabilities.


To “close the curtain” on this article, aim to match your window treatments with your overall interior design for a harmonious look and feel.





Demystifying Home Security Systems







If you are exploring how to make your property a little safer, there is no shortage of home security systems on the market. So, what are the options and how do you choose the right one for your home?


The most common types of cameras include smart doorbells connected to your phone so you can verify people who are requesting entry. The apps can also alert you of the activity with features such as, spotlight (records video and lights up the surrounding area in response to movement); and motion (records video if it senses any motion).


Another option is a security alarm sensor system. They are equipped with keypads and other options to arm or disarm the system when you’re entering or leaving the property. The sensors are installed at entry points and are triggered when doors and windows are opened, when glass is broken, and when motion is detected. Whenever sensors are activated, they sound an alarm or send an alert.


The right system for you depends partly on the level of protection that is desired. Do you just want a smart doorbell, or do you want all points of entry secured with 24/7 professional monitoring?


Also, consider your budget. The cost will increase the more equipment you have, if you have 24/7 professional monitoring, and if you have it professionally installed. 


Finally, consider if you want a wireless or hardwired system. For monitoring on your phone, you will need a Wi-Fi system, however, if you are in an area with poor Wi-Fi reception, a hardwired system is a safer option.


And don’t forget to read the fine print if you are signing a contract, especially as it pertains to cancellation fees. 



Jump Into Spring Cleaning With DIY Natural Cleaners





As the first day of spring arrives, what better time than now to whip up some natural cleaners for a little spring cleaning? These are non-toxic so there are no harmful fumes or toxic residues, and if you have little ones you don’t have to worry about accidental poisoning. They are also better for the environment, as they are biodegradable and reduce plastic waste. Here are three easy-to-make, natural home cleaners.



Citrus-Infused All-Purpose Cleaner


Fill a jar with citrus peels of your choice.


Cover the peels with white vinegar.


Let the mixture sit for 2 to 4 weeks.Strain the liquid and dilute it by combining equal parts of the citrus-vinegar solution and water into a spray bottle.


 


Toilet Bowl Cleaner


 Sprinkle a quarter cup of baking soda into the toilet bowl.


Add a quarter cup of white vinegar.


Let the mixture fizz for 15 minutes. Optional: Add a few drops of tea tree essential oil for additional antibacterial effectiveness.


Scrub with a toilet brush and flush.


 


Glass and Mirror Cleaner


Combine 1 cup of water and 1/4 cup of white vinegar. Optional: Add a few drops of your favourite essential oil for a pleasant scent.


Add 2 tablespoons of rubbing alcohol.


Happy Cleaning
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    <pubDate>Fri, 07 Mar 2025 11:41:00 -0700</pubDate>
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    <link>https://www.paullamba.com/blog/staging-blunders-to-avoid/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Staging Blunders To Avoid</title>
    <description> <![CDATA[ 




When priming your home for sale there are some definite missteps you can make if you just “wing it,” which can affect the sale of your home. So, to prevent this from happening, read on for staging mistakes to avoid.


• Hodge-podge of styles — Maintain a cohesive style throughout your home to create a harmonious “look and feel.”


• Personal and bold — Put away your personal photos and mementos and keep your home décor neutral. Buyers want to imagine themselves living in the home, so those personal items can be distracting.


• Simple repairs or updates neglected — Repaint dull or chipped paint and update outdated light fixtures or décor.


• Unprofessional photos — Professionally taken photos are well worth the investment as they will capture the attention of buyers quicker than poorly taken or poor quality photos.


• Layout and size of furniture — If you have a massive sectional occupying most of your living room, it’s going to make the room appear much smaller. If you have room, keep some space between the furniture and the walls to create an illusion of spaciousness.


• Clutter — Perhaps obvious, but those various coloured shampoo bottles in the bathtub and small appliances on the counter create an immediate eyesore for prospective buyers. Declutter and find a home to hide those unsightly items.


• Too little or too much lighting — Strike the right balance using soft, layered lighting throughout your home.


• Grungy linens — It doesn’t have to cost much to refresh your bed linens and towels that will be on display, and it's worth the difference it makes.


• Unpleasant scents — We become accustomed to the familiar smell of our home over time, but even if you think your home smells pleasant, have a friend come over to do the “smell test” and get an outside opinion.



Avoid these common staging mistakes by working with our expert real estate team We provide professional guidance and staging resources to help your home shine, attract buyers, and sell faster.


Let’s get your home market-ready the right way

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    <pubDate>Wed, 05 Mar 2025 14:40:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/national-organize-your-home-office-day/</guid>
    <link>https://www.paullamba.com/blog/national-organize-your-home-office-day/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>National Organize Your Home Office Day</title>
    <description> <![CDATA[ 
Thrive in Your Workspace: Tips for Organize Your Home Office Day


In today's evolving real estate landscape where remote work continues to shape how we live, a well-designed home office has become essential for many homeowners and buyers. Organize Your Home Office Day is approaching, and it's marked annually on the fourth Tuesday of March, it lands on March 11, 2025. This is the perfect opportunity to refresh your workspace and enhance both productivity and comfort. First celebrated in 1992, this day has grown in importance as more people work from home (Days of the Year).


It's all about creating a space that supports your goals—whether that's getting more done, feeling less stressed, or simply enjoying your surroundings. Let's dive into what this day is all about and explore practical ideas to make the most of it. At MaxWell Realty, we're passionate about helping clients create spaces that truly work for their lifestyle—whether you're house hunting for the perfect home office setup or optimizing your current space.





The Value of a Well-Organized Home Office


A thoughtfully designed workspace delivers benefits that extend beyond mere tidiness:




Boost Your Productivity: Research suggests a clutter-free environment can enhance efficiency by up to 20 by minimizing distractions and helping you maintain focus on high-priority tasks (Princeton University Neuroscience Institute).


Reduce Daily Stress: An organized office space means less time searching for documents and more mental clarity. According to organizational experts, physical clutter can directly contribute to mental clutter and feelings of overwhelm.


Spark Creativity and Inspiration: A personalized space that reflects your unique style can stimulate fresh ideas and maintain motivation throughout your workday.




These compelling advantages make a strong case for investing time in creating an office space that truly supports your professional needs and personal wellbeing.


5 Actionable Strategies for Organize Your Home Office Day


Whether you have a dedicated office or a multi-purpose workspace, these practical ideas can transform your environment:


1. Start With a Clean Slate


Begin your organizing journey by clearing everything from your desk and sorting items into three categories: essential daily use, occasional use, and unnecessary. Be ruthless with the last category—if you haven't used something in six months, consider whether it truly deserves valuable office space.


2. Implement Smart Storage Solutions


Invest in quality organizational tools that match your specific needs:




Vertical file organizers for current projects


Drawer dividers to maximize small spaces


Cable management systems to eliminate cord clutter


Shelving that capitalizes on wall space without overwhelming the room




3. Design for Comfort and Health


Your physical comfort directly impacts your ability to focus and produce quality work:




Position your chair and desk at proper ergonomic heights


Ensure your computer monitor sits at eye level


Consider a standing desk option for flexibility throughout the day


Ensure adequate lighting to reduce eye strain




4. Bring Nature Into Your Workspace


Research consistently shows that natural elements can reduce stress and enhance focus:




Position your desk near a window for natural light when possible


Add low-maintenance plants like snake plants or pothos


Incorporate natural materials such as wood or stone in your décor




5. Create Personalized Inspiration


Add thoughtful touches that energize and motivate you:




Display meaningful photos or artwork


Include small items that bring you joy


Create a dedicated inspiration board for goals and aspirations


Keep these elements curated and minimal to avoid creating new clutter




Modern Home Office Trends for 2025


As remote work becomes increasingly established, consider these current design trends to elevate your home office:




Biophilic Design Elements: The integration of nature through materials, views, and living plants creates a sense of calm and reduces work-related stress.


Multifunctional Spaces: Furniture and layouts that adapt to different needs throughout the day accommodate the blending of work and home life.


Smart Technology Integration: Voice-activated assistants, automated lighting, and wireless charging stations streamline daily tasks and enhance efficiency.


Sustainability Focus: Eco-friendly furniture, energy-efficient lighting, and repurposed materials align with growing environmental consciousness.


Color Psychology: Strategic use of blues for focus, greens for creativity, or neutrals for calm can influence your work experience and productivity.




Invest in Your Productivity This Organize Your Home Office Day


A well-organized home office represents more than just a tidy space—it's an investment in your productivity, wellbeing, and work-life balance. As March 11, 2025 approaches, we encourage you to set aside time to refresh your workspace using these strategies.


For personalized guidance on finding a home with ideal office potential or maximizing your current space, connect with a MaxWell Realty professional today. We're committed to helping you create living environments that support all aspects of your modern lifestyle.


How will you celebrate Organize Your Home Office Day this year? Share your plans or favorite organizing tips in the comments below




Sources:




Days of the Year (National Organize Your Home Office Day)


National Today (National Organize Your Home Office Day – March 11, 2025)




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    <pubDate>Tue, 04 Mar 2025 15:29:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/sales-remain-above-long-term-trends-despite-declines/</guid>
    <link>https://www.paullamba.com/blog/sales-remain-above-long-term-trends-despite-declines/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Sales Remain Above Long-Term Trends Despite Declines</title>
    <description> <![CDATA[ 















Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.The increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply was 2.4 in February, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. The sales-to-new listings ratio for the month was 61 per cent, higher than historical averages but below levels seen in each of the last three years.“Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB®. “In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.”The total residential unadjusted benchmark price in February was $587,600, relatively stable compared to late-2024 and roughly one per cent higher year-over-year. Price changes varied across the city, with the City Centre and North districts seeing declines, while the East district saw the largest price growth at over three per cent.
























 
























Detached


Sales in February slowed to 765 units, nearly 20 per cent lower than last year. New Listings increased by nearly six per cent year-over-year to 1,265 units. The decline in sales, coupled with the gain in new listings, drove inventory levels higher, reaching 1,698 and a 61 per cent increase in levels compared to 2024.Months of supply improved across all districts compared to the levels seen last year, although the recovery is uneven across the city. The City Centre and North East districts continue to trend towards more balanced conditions, while the South and North West districts remain supply-constrained at approximately 1.6 months.The unadjusted benchmark price rose to $760,500, roughly five per cent higher than last February. Prices rose across all districts, with the largest increase occurring in the City Centre district at nearly eight per cent growth.

 

Semi-Detached


There were 240 new listings in February, a gain of seven per cent from 2024. Sales fell by nearly 14 per cent compared to 2024, slowing to 165 units. This gap between sales and new listings drove inventories up by 46 per cent, though they remain below long-term averages for the sector in February. There was a large variation in months of supply across the city, with a low of just one month in the North West district compared to a high of eight months in the East district.The unadjusted benchmark price pushed above levels seen in the late summer and early fall, rising by nearly seven per cent year-over-year to $683,500. This increase was supported by price grains across all districts, with the largest growth occurring in the City Centre and South districts of approximately eight per cent.

 

Row

As with other property types, year-over-year sales fell by over nine per cent while new listings increased by almost four per cent. Despite the sales decline, both sales and new listings remain above long-term averages for the month. This drop in sales pushed inventories to 655 units, more than double the levels seen last year, though still lower than the historical average levels for February. Months of supply improved across the city; the South and East districts have the tightest conditions at under 1.5 months, while the North East district has almost three months.Unadjusted benchmark prices remain below levels seen in the fall but are up almost three per cent year-over-year at $446,880. Prices increased across all districts, with marginal increases in the South East and North districts, while the East district experienced a significant 12 per cent increase compared to 2024.  

Apartment Condominium

Sales reached 473 units in February, 26 per cent lower than last year but still well above long-term averages for the apartment sector in February. New listings were relatively flat year-over-year, but at 852 units, it was the highest amount on record for the month. Driven by the record new listings, inventory increased by 90 per cent year-over-year and also pushed to near-record levels. Months of supply reached 3.1 months in February, a substantial 155 per cent increase over 2024 but still well below record levels seen in the period between the 2014 oil crash and the pandemic.The unadjusted benchmark price for February was $334,200, comparable to levels seen in the fall and almost four per cent above the prices seen this time last year. The largest price growth occurred in the West district at over eight per cent. 

REGIONAL MARKET FACTS


Airdrie


The overall Airdrie market fell roughly in line with its long-term averages in February, with sales declining while new listings and inventories rose to levels typical of the month. Sales declined by nearly nine per cent, reaching 123 units, while new listings increased by nearly 23 per cent to 225 units. This drop in sales, combined with an increase in new listings, pushed inventories to over double the amount seen last year, rising to 345 homes. As a result, months of supply pushed up to nearly three months, also in line with long-term averages and the highest seen in the market since before the pandemic.The unadjusted benchmark price for February was essentially flat compared to last month and remained below levels seen in the fall at $537,600, but were 1.6 per cent higher than seen last February. 

 

Cochrane

Sales in February reached 75 units, while new listings reached 126 units, both increases over this time last year and above long-term averages for the market. Inventory increased by over 48 per cent year-over-year to 196 units, the highest level seen in any month since the spring of 2021 but still below long-term averages for February in the Cochrane market. This increase in inventory allowed the months of supply to recover to 2.6 months, the highest since the pandemic but still well below historical levels for the month. The relatively tight conditions supported prices recovering near the record-high levels seen in the summer, as the unadjusted benchmark price increased by over five per cent year-over-year to $577,100. 

Okotoks

February saw sales decline by four per cent year-over-year to 45 units, though they remained in line with long-term averages for the month. New listings increased by seven per cent compared to 2024, and, at 60 units, remained well below levels typically seen in February. Inventory recovered to 69 units, 19 per cent above 2024, but as with new listings, they remained significantly lower than historical levels for the month. These tighter inventory levels also kept the months of supply well below what would typically be seen in February at just 1.5 months. Despite the tight conditions, the unadjusted benchmark price for the month was relatively flat compared to January and under one per cent higher than in 2024.










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    <pubDate>Mon, 03 Mar 2025 13:13:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/price-decrease--129-coopers-park-sw-airdrie/</guid>
    <link>https://www.paullamba.com/blog/price-decrease--129-coopers-park-sw-airdrie/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>PRICE DECREASE- 129 Coopers Park SW, Airdrie</title>
    <description> <![CDATA[ 








PRICE DECREASE









129 Coopers Park SW, Airdrie









https://www.peshketeam.com/.../a2192923-129-coopers-park.../









 https://youriguide.com/129_coopers_park_sw_airdrie_ab









$1,499,000 MLS A2192923












1 Of the Largest Lots In Coopers Park w/ Private Backyard


Almost 2300 SqFt Bungalow w/In-Floor Heating


4 Bedrooms


3 Full Bathrooms


Oversized Tandem Garage









Call/message us for more details: 403-681-0319









This stunning custom-built McKee Homes walkout bungalow in Coopers Crossing sits on one of the area's largest lots, backing onto greenspace and pathways. The home showcases a triple heated garage, in-floor heating, a gourmet kitchen with high-end appliances, and a beautifully designed open floor plan. The walkout basement offers a spacious rec room with a bar, a gym, and a cozy family room with a fireplace, while the professionally landscaped yard features a stone fireplace and Gemstone lighting. With recent upgrades throughout, this luxury home is move-in ready—schedule your private viewing today









 ]]> </description>
    <pubDate>Thu, 27 Feb 2025 14:17:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/the-concepts-of-market-value-and-purchasing-price/</guid>
    <link>https://www.paullamba.com/blog/the-concepts-of-market-value-and-purchasing-price/</link>
        <author>chrisraven09@gmail.com (Chris Raven)</author>
        <title>The Concepts of Market Value and Purchasing Price</title>
    <description> <![CDATA[ 



The concepts of Market Value and Purchasing Price


Market Value




Market Value, often referred to as Fair Market Value, is the estimated amount for which a property or an item would trade in a competitive and open market environment. 


It reflects the price that a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts and neither being under any compulsion to buy or sell, would agree upon. 


Market value can fluctuate based on demand, economic conditions, and other market dynamics.  







Purchasing Price ( Purchase Price ) 




The Purchasing Price is the actual amount paid for a product or service at the time of buying. It is the cost at which someone acquires an asset, commodity, service, or property. 


This price is determined at the point of transaction and reflects the value agreed upon by the buyer and seller at that specific time. 


It does not necessarily align with the current market value or future value of the item or property purchase.







Key Differences






Representation: Market Value represents what an asset could sell for under normal circumstances in the market, while Purchasing Price is what the buyer actually pays for the asset.


Time Factor: Market Value is subject to change over time due to various factors influencing the market. In contrast, the Purchasing Price is fixed at the time of the transaction and does not change for that particular transaction.


External Influence: Market Value can be influenced by a wide range of external factors including economic conditions, market demand, and trends. Purchasing Price, however, is primarily influenced by the negotiation between the buyer and the seller at the time of purchase.


Objective vs. Occasional: Market Value provides an objective estimate of what something is worth in a given market, while Purchasing Price is the actual cost paid in a specific transaction, which may or may not align with the broader market value. 







Conclusion


Understanding the distinction between these terms is essential for accurate financial analysis, investment decisions, taxation issues, and when conducting appraisals for loans or sales transactions.


 ]]> </description>
    <pubDate>Thu, 27 Feb 2025 11:52:00 -0700</pubDate>
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    <guid>https://www.paullamba.com/blog/looking-for-a-realtor/</guid>
    <link>https://www.paullamba.com/blog/looking-for-a-realtor/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Looking For A Realtor?</title>
    <description> <![CDATA[ 








Spring is in the air









If you're thinking about buying or selling, we’re here to help Whether it’s your first home, an upgrade, or a fresh start, we’ll be with you every step of the way.









Let’s make your real estate goals a reality—reach out today 









Call/message us for more details: 403-681-0319









 ]]> </description>
    <pubDate>Tue, 25 Feb 2025 12:27:00 -0700</pubDate>
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