February 2018 Issue
Jesse Davies & Associates
February 2018 Market Update


Welcome to our monthly newsletter. Here you will find the latest real estate news, stats, listings, lifestyle articles and community events.

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With over 10 years of experience, born and raised agents and a superb approach to customer service, marketing and negotiating, Jesse Davies & Associates are your trusted real estate professionals for buyers and sellers in Calgary.

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Jesse Davies & Associates
Jesse Davies & Associates
Certified condo specialist
RE/MAX House of Real Estate

Housing Market Déjà Vu in January

The new year opened predictably, with monthly figures close to the Januarys of the past three years.

With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.

Overall January sales totaled 958 units, nearly two per cent above last year and 11 per cent below long-term averages.

“2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw last year,” said CREB® chief economist Ann-Marie Lurie

Click here to read the full report

Don’t DIY: 5 Times You Should Call a Professional

DIY can be a great way to get things done around the house; you save money and get a sense of accomplishments. But as fantastic as that can be, it is important to know your limits. Here are 5 times you should call a professional.

  1. Significant plumbing jobs

    Even if you feel comfortable with minor plumbing work such as installing a dishwasher or fixing a leaky faucet, call in a professional for major jobs — especially anything involving a main stack or main supply line. You really don’t want to get flooded out.
  2. Electrical repairs

    Bumps and scrapes are one thing, but electrical repairs carry greater danger than most home improvement projects. Not only is there the risk of electrocution, but you could also start a fire.

    Doing it yourself could even make it more difficult to sell your home one day, as you won’t have the proper safety certificate.
  3. Asbestos removal

    You might be starting to see a theme with the items on this list; they all involve potentially dangerous work. Asbestos is airborne and can have serious health consequences. Let someone who know what they are doing, remove this dangerous substance from your home.
  4. Adding a skylight

    Improperly installed skylights can cause leaks, which are more than just inconvenient.
  5. Digging out a new basement

    There are two reasons for this one. Firstly, the sheer amount of labour. You plus shovel is no way to go about a project that can take weeks even with a fully equipped crew.

    Secondly, you need someone who knows foundation work. You don’t want your new basement to destabilize the entire house. It also needs to be properly waterproofed.

Southwest Calgary Market Watch - Detached

Stats are calculated comparing January 2018 to January 2017 .

To see more information on local stats in Southwest Calgary, please click here.

Northwest Calgary Market Watch - Detached

Stats are calculated comparing January 2018 to January 2017 .

To see more information on local stats in Northwest Calgary, please click here.

Local Events

Little Modern Market
Calgary, AB
February 17, 2018
Twelfth Night
Calgary, AB
January 30 - February 24, 2018
Winefest Calgary
Calgary, AB
February 23, 2018 - February 24, 2018

Latest Featured Listings


Inner city residence
Beltline / C4149990

1 Bedrooms 1 Bathrooms 552 Sq Ft

Inner city residence
Eau Claire / C4144816

2 Bedrooms 1 Bathrooms 730 Sq Ft

Ideally located
Killarney/Glengarry / C4141443

2 Bedrooms 1 Bathrooms 313 Sq Ft

Introducing Park Point

1 + den Bedrooms 1 Bathrooms

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.

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