Lana Wright - Calgary Real Estate

Today, we honor and celebrate everything you do for your families and communities. Enjoy your special day – you deserve it! 💙👔

Last year was a record breaking year for housing starts in our city, reaching 19,579 starts. This year that number could reach 22,000 and may continue to rise in 2025 and 2026.
Apartment starts, making up half of all new home activity, saw starts rise nearly 17% while single-family detached home starts increased about 2%.
54% of all new apartment starts in 2023 were for the rental market.
This shift in new housing, focusing more on multi-family, is a grwoing trend in major cities.
Do you have questions about the Calgary Real Estate Market?
I would be happy to help answer them.

https://lanawrightrealestate.com

🏠Join me Sunday at this beautiful home in Crestmont! 🌷
320 Cresthaven Place SW
Sunday, June 9, 2pm-4pm

This 4 bdrm, 3.5 bath home offers over 2400 sq ft of air conditioned living space on 3 levels. Located on a quiet cul-de-sac, it boasts an open floor plan on the main, west facing backyard, bonus room upstairs with corner fireplace, fully developed lower level and so much more.

Stop by and see this lovely home for yourself!

https://lanawrightrealestate.com/mylistings.html/listing.a2134009-320-cresthaven-place-sw-calgary-t3b-5w5.101798565

Lana Wright - Calgary Real Estate Calgary & Area Realtor Since 1998. ~ Licensed with Real Estate Professionals Inc. (RENE, CCS)

Coming Soon!
Watch for more details on this 2 bedroom, 2 bath top floor unit in the beltline!
$390,000

Listed by Lana Wright
Real Estate Professionals Inc.

Sitting on a huge lot in Dalhousie, this original condition bungalow has a double detached garage.
Showings begine June 6.
More details coming soon!

Listed by Lana Wright
Real Estate Professionals Inc.

Open shelving in kitchen design is a trend that continues to gain popularity for its blend of aesthetic appeal and practical benefits. This design choice replaces traditional upper cabinets with open shelves, creating an airy and spacious feel in the kitchen.
It can be cost effective, showcase beautiful dishware and provide accessibility.
It is important to have balance and consistency to maximize the clean look of open shelving.

https://lanawrightrealestate.com

Welcome to Crestmont!🌳☀️🪁
Calgary's Family-Friendly Gem

🍎Located in Southwest Calgary, Crestmont offers a peaceful, family-oriented community with easy access to top amenities. Just a short drive to the Calgary Farmers' Market, it’s perfect for fresh, local produce and family outings.

🌿For nature lovers, Crestmont’s proximity to Banff National Park means the Rockies are always within reach. The neighborhood is quiet, established, and ideal for families, featuring walking paths, a bustling community hall, and a friendly, tight-knit neighbourhood.

🚴‍♀️Nearby recreational hotspots include Canada Olympic Park for year-round sports activities.

Discover all the listings in Crestmont on my website:
https://lanawrightrealestate.com/recip.html



Discover the charm of Crestmont – where family life thrives!

To help combat housing affordability issues through the building of new homes, the federal government announced a number of funding plans for local Albertan communities.

In February, the Feds established agreements with Banff, Sylvan Lake, Bow Island, Westlock, Smoky Lake and the Village of Duchess to provide a combined $13.8 million through its Housing Accelerator Fund (HAF). According to Canada Mortgage and Housing Corporation (CMHC), this funding will, “help spur the construction of more than 3,100 homes over the next decade.”

Larger municipalities also received funding earlier this year. Airdrie received just south of $24.8 million to increase its housing supply, and Edmonton received approximately $175 million. Both of these projects are expected to build over 900 and 5,100 homes, respectively.

Ultimately, whether the federal government’s funding to smaller communities brings more people to rural locations will depend on the demographic of the people moving to the province, their lifestyle, and the appetite to live outside a city centre.

📫Coming Soon!🏠
Located in Crestmont, this 3 bedroom with bonus room and 4 bathroom home offers 2500sq ft of living space on all 3 levels. It also boasts a fenced, west backyard.
More details coming soon!

Listed by Lana Wright
Real Estate Professionals Inc.

🚪FEATURE LISTING
287 87 Glamis Green SW
🛏2 bathroom
🛁3 bathroom
$348,000
Wonderfully updated complex on a quiet street in Glamorgan!
▪oversized attached garage with private entrance in this stylish end unit townhome
▪2 nicely sized bedrooms with double closets
▪family room also located on upper floor
▪kitchen with west window and plenty of counter space and storage
▪large living room with fireplace, sliding doors to deck
Book a viewing today!
https://lanawrightrealestate.com/.../listing.a2128692-287...
Listed by Lana Wright
Real Estate Professionals Inc.

Wishing all the moms, and mother figures in our lives a very wonderful day! 🌸💕

📫Coming Soon!🏠
Located in a private end unit in the complex, this townhome in Okotoks offers 3 bedrooms and 2.5 bathrooms and has an attached garage.
More details coming soon!
$418,000
Listed by Lana Wright
Real Estate Professionals Inc.

Are you considering investing in a vacation home?
There is a lot to consider...
𝟏. 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧- is this a high demand location or a serene, private hideaway? This could impact your return on investment so conduct research and determine how often you plan on spending time there.
𝟐. 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐫𝐞𝐧𝐭𝐚𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥- if you do want to rent your property, make sure it is okay to do so in this community and find out what other properties in the area are being rented for.
𝟑. 𝐀𝐬𝐤 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐡𝐨𝐰 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐮𝐬𝐞 𝐭𝐡𝐞 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲- do you plan on big family gatherings or is this your private getaway from it? How you intend on using the property will affect the type of vacation property you seek.
𝟒. 𝐂𝐡𝐞𝐜𝐤 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬- some vacation properties have limited services and they can be expensive. Be sure to factor in the money, work and time that goes into all aspects of the services you will need to enjoy the property.

Doing some homework before you invest can help determine where and how you want to invest in vacation properties.

https://lanawrightrealestate.com

📫Coming Soon!🏠
Gorgeous semi-detached 3 bedroom, 2.5 bathhome in Cochrane, only 4 years new with developed basement and attached garage.
Located on a huge, private pie-shaped lot close to Glen Boles Trail, overlooking the Bow River.
$550,000
Listed by Lana Wright
Real Estate Professionals Inc.

The City of Calgary’s Farm Stand Program supports various local and regional farmers and vendors to bring more fresh Alberta fruits, veggies and artisanal products to more Calgary communities.
Check out the interactive map of all the farm stands that will be popping up this spring throughout our city!
https://www.calgary.ca/events/transit-pop-up-farm-stands.html�

Have you heard about the changes to the Capital Gains Tax?

A capital gain is the difference between an asset's cost and its total sale price. An asset could be a cottage, an investment property, a stock or a mutual fund.
The 2024 budget would increase the "inclusion rate" from one-half to two-thirds on capital gains above $250,000 for individuals.

So for the first $250,000 in capital gains, an individual taxpayer would continue to pay tax on 50 per cent of the gain. For every dollar beyond $250,000, two-thirds would be taxable.

Taxpayers who are gifted a property — or inherit one from their family — and then sell the property could face the higher capital gains tax rate. But that can change, depending on the size of the profit and whether the property becomes a primary residence.

If adopted, the tax changes would take effect on June 25.

Today being 𝓔𝓪𝓻𝓽𝓱 𝓓𝓪𝔂🌳, let's send a big shout out to our Calgary Composting Facility!
The facility is owned by The City of Calgary and operated by AIM Environmental Group.
The facility is 521,000 square feet and processes upwards of 145,500 metric tons of residential food and yard waste and dewatered biosolids every year.
In 2022, City Council approved an expansion of the Calgary Composting Facility to include an anerobic digestion module that will turn food and yard waste into renewable natural gas. The expansion will add an extra 60,000 tonnes of processing capacity to support the Green Cart program. The project is expected to be completed by 2025.
Do you know what can go into your green cart?
Double check and make sure you are using your carts properly.
https://www.calgary.ca/waste/residential/green-cart.html

Are you considering a move outside of Calgary?📦📫

Here is a brief look at a few of the regional market statistics...
𝗩𝘂𝗹𝗰𝗮𝗻 𝗥𝗲𝗴𝗶𝗼𝗻 - the lowest average price at $274,167, however with only 9 new listings last month and 15 sales, the current sales-to-new listings ratio sits at a whopping 167%.
𝗔𝗶𝗿𝗱𝗿𝗶𝗲 - sales-to-new listings ratio sits at 93% and inventory levels are 22% lower than last year and 56% lower than typical March levels for this popular city.
𝐊𝐧𝐞𝐞𝐡𝐢𝐥𝐥 𝐑𝐞𝐠𝐢𝐨𝐧 - the sales-to-new listings ratio was the lowest in this region that includes Trochu, Three Hills and Acme. With 18 new listings last month, and 27 homes for sale currently, the average price in this area is $364,590.
𝐑𝐨𝐜𝐤𝐲𝐯𝐢𝐞𝐰 𝐑𝐞𝐠𝐢𝐨𝐧 - which includes Cochrane, currently has the most inventory available outside of Calgary however the average price last month was $799,774 and the sales-to-new listings ratio was 87% compared to Calgary's 84%.

Are you interested in a region outside our city? I would love to answer any questions you may have and help with your journey!

Arts Commons will be upgraded and a new building constructed nearby to increase the capacity of the downtown arts and culture hub by nearly 45 per cent.
A 1,000-seat theatre as well as a 200-seat studio theatre were revealed as part of the first phase of the $660-million project on Thursday. They'll be housed in the new structure.
The expansion and transformation includes a second phase — the modernization of the existing space that was built in 1985 and the overhaul of Olympic Plaza.
Discover more about the plans for this exciting development and see the video reveal at:
https://www.cbc.ca/news/canada/calgary/arts-commons-expansion-downtown-calgary-1.7163458

🏠Recently 𝙖𝙣 𝙪𝙥𝙙𝙖𝙩𝙚 𝙬𝙖𝙨 𝙢𝙖𝙙𝙚 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝘼𝙡𝙗𝙚𝙧𝙩𝙖 𝙜𝙤𝙫𝙚𝙧𝙣𝙢𝙚𝙣𝙩 𝙤𝙣 𝙨𝙚𝙘𝙪𝙧𝙞𝙩𝙮 𝙙𝙚𝙥𝙤𝙨𝙞𝙩 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙥𝙖𝙮𝙢𝙚𝙣𝙩𝙨 𝙩𝙤 𝙩𝙚𝙣𝙖𝙣𝙩𝙨, which will come into effect on January 1, 2024.
Since January 1, 2009, the interest rate on tenants’ security deposits have been 0%, but as of January 1, this will now increase to 1.6% as prescribed under the Residential Tenancies Act and Mobile Home Sites Tenancies Act (Section 2).
Please ensure all your residential lease agreements are revised to reflect the changes in interest rate payments.
For more information on the rules on these payments and to access an online calculator, see the article on:
https://www.creblink.com/crebtalk/Articles/2023/December/Interest_fee_update/