Richard & Liz Bergeron

Calgary’s Real Estate Specialists

Richard's Cell: 403-819-2331 | Liz's Cell: 403-875-8470


City of Calgary, April 1, 2019 –

March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors.

Shifts in the lower end of the market have not outweighed easing across the higher priced product. First-quarter sales dropped to 3,108 units. This is nine per cent below last year and 28 per cent below typical levels of activity.

Price declines and relatively slow sales activity are impacting the number of new listings. For the second consecutive month, new listings eased compared to last year’s levels and long-term trends, but it was not enough to prevent inventory growth.

“If new listings continue to slow compared to sales, it could start to help with the persistent oversupply scenario weighing on our housing market,” said CREB® chief economist Ann-Marie Lurie.

“However, inventory is still high. It will still take time for our market to transition towards more balanced conditions and stable pricing.”

With 6,595 units in inventory in March, the months of supply eased to five months. This is an improvement over the past several months, but still considered oversupplied when compared to levels traditionally recorded in March.

The oversupply in the Calgary market has caused further price declines this month. As of March, benchmark prices eased to $413,900, five per cent below last year’s levels and just below levels recorded last month.



  • First-quarter sales declined by nearly nine per cent compared to last year and 30 per cent below typical levels of activity.
  • Detached sales have varied depending on location and price range, with gains occurring mostly in the most affordable price ranges of each district.
  • In March, citywide detached sales improved for all homes priced under $500,000.
  • Despite easing in new listings, inventories increased over last year’s levels, pushing months of supply to the highest level ever recorded for the month of March. When considering activity by districts, the North East and East districts have seen the level of oversupply ease compared to last year.
  • Oversupply in the detached sector continues to weigh on prices across all districts in the city. Citywide detached benchmark prices eased 5.4 per cent compared to last year for a total price of $475,800.


  • Resale condominium sales fell by 14 per cent in March, causing first-quarter sales to total 464 units, 17 per cent below last year. The decline did not occur in all districts, as sales activity improved in both the North and West districts of the city. Despite some signs of improvements in those districts, activity remains well below long-term trends.
  • Supply in this sector is showing signs of adjusting to the lower levels of demand. New listings eased again this month compared to last year’s levels. Unlike other property types, this adjustment is impacting inventories. Inventory in March was 1,488 units, 12 per cent below last year’s levels.
  • The months of supply has edged down from levels recorded earlier in the year, but due to weak sales, it is elevated compared to last year’s levels.
  • Citywide, apartment condominium prices fell by 0.7 per cent from last month and 2.6 per cent over last year. However, in both the North East and South East districts, prices posted a modest gain over last year.


  • There was a slight uptick in attached sales in March due to improvements in both the semi-detached and row sectors. Despite the gains in March, year-to-date sales remain four per cent below last year’s levels and 16 per cent below long-term averages.
  • Year-to-date sales have eased, but there have been improvements in the South and South East districts.
  • Despite some improvements in sales, citywide months of supply remain elevated.
  • Prices continued to trend down for semi-detached product. March’s benchmark price was $391,000, nearly six per cent below last year’s levels and 0.4 per cent below last month’s price. However, the North district saw different results, as tightening months of supply supported a modest gain in prices compared to both last month and last year.
  • Row prices in March remained relatively flat compared to February levels, but remain more than four per cent below last year’s levels and over 13 per cent lower than previous highs.




  • First quarter sales were seven units less than last years levels, but the number of new listings also declined by 47 units over the same period. This prevented any significant change in inventory levels in the market. However, the months of supply remained elevated averaging five months after the first quarter.
  • The persistent oversupply in the market has weighed on prices. City-wide benchmark first quarter prices eased by 1.7 per cent compared to the previous quarter and remain 4.6 per cent below levels recorded in the first quarter of last year. While prices eased across all property types, the largest declines occurred in the apartment sector.


  • Cochrane’s first quarter sales and new listings were 114 units and 330 units, respectively, both declining over last years levels. However, the relatively steeper pull-back in sales caused inventories to rise and months of supply to average eight months in the first quarter.
  • Persistent oversupply in the market has weighed on prices. After the first quarter benchmark prices eased by 1.6 per cent compared to last year and 1.5 per cent compared to the previous quarter. However, year-over-year declines were higher in the attached sector at 2.7 per cent compared to the detached sector which was 1.5 per cent.


  • In the first quarter both sales and new listings slowed compared to last year. However, the pull-back in new listings was not enough to reduce inventory levels in the market and months of supply remained elevated averaging 7.7 months in the first quarter.
  • The persistent oversupply has impacted prices. The detached benchmark price averaged $413,733 in the first quarter a 4.8 per cent decline compared to last year and 3.8 per cent below the fourth quarter of 2018. Price declines were slightly higher in the attached sector with the benchmark price totaling $376,433 for the first quarter a five per cent decline over the previous year.

I just finished uploading this House for sale, 327 LEIGHTON VW, Rural Rocky View County, Alberta

Welcome to your Zen inspired, architecturally designed oasis in Elbow Valley West. Situated on over a 1/2 acre, prepare to be captivated by the panoramic WEST MOUNTAIN VIEWS through floor to ceiling windows. Behold a magnificent, yet different landscape view each day under ever changing Prairie skies. Open concept design home, perfect for entertaining - Main floor boasts 2100 SF of gracious living space: spacious great rm w/soaring ceilings & oversized sliding doors leading to west facing deck, entertainment style kitchen w/huge island & prime west facing windows, dining rm perfect for family dinners, media/family rm & the master retreat completes the main flr. Uniquely & thoughtfully designed with lofts at either end of the home: 2 bdrms, full bath & a loft on one, & a private guest suite w/loft & full bath on the other - this is the dream family home. Fully dev't lower level: massive rec rm, 2 add. bdrms (each with a full bath), wine rm & storage. So many additional features, this home must be viewed.


I just finished uploading this Condo for sale, #1801 920 5 AV SW, Calgary, Alberta

Beautiful NW CORNER suite with outstanding river-side panoramic views of the Bow River, the mountains & North Hill. Located in the elegant Five West building, this suite showcases windows on 3 sides, 2 bedrooms PLUS a den, new wood flooring throughout, spacious living area with ample sized dining area, corner gas f/p in the living room, ALL granite countertops, stainless steel kitchen appliances & breakfast ledge, bonus den with French doors to take in the view. The master bedroom easily accommodates a king-sized bed, ensuite with dual sinks, shower & jetted soaker tub, second bedroom with built-in Murphy bed and 3pc second bath. Don’t forget the oversized laundry room with custom built-in storage and views from all the main rooms. Building amenities include secured indoor parking, indoor guest parking, concierge service and secured storage room with a large locker is included. Walk to work location and a block to the DT Free Zone LRT.


I just finished uploading this Condo for sale, #602 1108 6 AV SW, Calgary, Alberta

River-side with River Views in The Marquis! Beautiful 2 bdrm + den, nearly 1100 SF, original owner suite with TWO parking stalls & storage locker, overlooking the river valley. Features floor to ceiling windows to take in the view from all primary rooms, engineered hardwood floors throughout, freshly painted, open kitchen with granite counters, recessed lighting & breakfast bar, spacious living area with gas fireplace & separate dining area. Access to the large balcony is from both the master and the living room. The den is perfect, with a glass wall to let in the natural light. Large master bedroom features walk-through closet with mirrored doors and full bath with soaker tub & separate shower & a separate laundry rm. The Marquis building amenities incl. onsite management, indoor secured visitor parking, secured bike storage rms & storage locker rms, and a large onsite exercise area on the main floor wrapped in glass. Conveniently located steps to the Bow River and steps to the LRT across the street!


I just finished uploading this House for sale, 5316 GROVE HILL RD SW, Calgary, Alberta

Superbly located on desirable Grove Hill Rd, this gorgeous 1375 SF, FOUR bdrm up bungalow is ready for you to move in! Features included refinished hardwood floors on the main floor, large expanded kitchen with skylights, cozy new gas fireplace in the living room & good sized bedrooms. Fully finished down with a big family room and bedroom (window not to code) and full bath. You’re sure to enjoy the mature landscaped yard with wide exposed aggregate and lighted walks, concrete and brick post fence along the back, a oversized double detached garage (26’ x 24’6”), deck and patio and lots of upgrades including windows, new service panel, shingles, gas line for bbq, central vac & more! Simply a great location, with large area parks just around the corner, great area schools and an easy walk to the 17th Ave & 45 St LRT stop. This one’s a Gem – call to book your viewing today!


I just finished uploading this Condo for sale, #218 3125 39 ST NW, Calgary, Alberta

Welcome home to your brand new suite at Noble by Truman Homes in the mindfully made, pedestrian friendly, urban community of University District. Surround yourself in a community that will offer residential, retail, shopping, dining and entertainment options, with great natural park areas and natural scenery just outside your door. Superbly located close to the University, athletic venues, Children’s Hospital, Foothills Hospital, Market Mall, minutes to the downtown core and offering great access west to the mountains. You’re sure to be impressed with this beautifully appointed suite at Noble – offering a clean, fresh design, 9’ ceilings, floor to ceiling TruSpace kitchen cabinetry with zero-line finishes, polished quartz hard surface counters, wide-plank hardwood flooring, gas line for your BBQ on your south facing balcony, in-suite laundry, underground parking and of course, meeting Built-Green Gold building practices.


I just finished uploading this Condo for sale, #302C 500 EAU CLAIRE AV SW, Calgary, Alberta

Beautifully renovated 2 bdrm suite w/outdoor space has all the features you’re looking for. Contemporary & Modern design elements combine to create your perfect inner-city lifestyle suite. Updates incl. wide-plank hardwood floors throughout, lovely wood-burning (w/gas assist) f/p in living rm w/custom mantle & hearth, designer light fixtures (LED) & custom draperies throughout. Open floor plan is lovely, offering excellent daylight through large windows. Huge executive kitchen w/centre island, granite countertops, walnut slab breakfast bar, chef-worthy kitchen appliances & many thoughtful storage additions. Luxurious spa-like master ensuite bath w/granite counters & stylish soaker tub, 2nd full bath w/large shower. Building offers 24 hr security/concierge, fitness facility, indoor pool, carwash + many more features. Superb location beside Bow River & pathways, Prince’s Island Park, steps to +15 indoor walkway network. Nature & convenience are yours to discover in one package!


I just finished uploading this Condo for sale, #6 316 22 AV SW, Calgary, Alberta

The vibrancy and excitement of 4th Street and Mission are just outside your door! Awesome Mission location - check. Updated suite - check. Affordable price - check. What are you waiting for - check this out! This 1 bdrm condo in a concrete building is move in ready for the young, urban professional - nothing to do but unpack and start enjoying the Mission lifestyle of 4th Street & 17th Ave, offering great restaurants (who needs to cook!), shops and boutiques. Enjoy your morning weekend coffee as you stroll down the river pathways with friends. Check out the suites features: light laminate floors, spacious kitchen with breakfast ledge, black appliances and lots of counter space, roomy living room perfect for entertaining guests, double French doors to good sized master and in-suite laundry. This unit is located below grade level. A great investment suite or for the first time buyer - Call today to view!


I just finished uploading this Condo for sale, #1501D 500 EAU CLAIRE AV SW, Calgary, Alberta

Beautiful, renovated two bedroom suite high up on the 15th floor with wonderful views west and north over the river and to the mountains! You are sure to be impressed with the features of this lovely condo: engineered wood floors, granite countertops in the bright white kitchen, stainless steel appliances, gas fireplace, renovated bath, in-suite laundry, extra storage and corner windows are just a few of the features. Semi-private elevators assure a high level of privacy. One underground titled parking stall is included. You will be hard-pressed to find a first class condo building with more amenities than this: indoor pool, hot tub & exercise facilities, 2 full time security staff, onsite management, unit electricity and Tier 1 cable are all included. Enjoy this wonderful walk to work location, steps from the river, river pathways and Prince’s Island Park and barely a block to the Down Town Plus 15 network! Be sure to view this suite today!


I just finished uploading this Condo for sale, #212 1108 6 AV SW, Calgary, Alberta

Nestled amoungst the trees at the west end of the Marquis’s park-like grounds, you’re sure to be impressed with this updated, spacious, 2 bdrm suite. Move in ready with hardwood floors, new high-end stainless steel kitchen appliances, granite counters and breakfast bar perfect for entertaining friends and family, spacious dining room wrapped in windows with lovely garden views, cozy gas fireplace in the living room, second bdrm & 3 pc bath - perfect for a room mate or when guests come over. The master bedroom is a generous size with walk-through closet (with mirrored doors) to the 4 pc ensuite. In-suite laundry, titled tandem parking (2 spots) and extra storage locker complete the package. The Marquis offers owners day-time caretaker service, exercise facility with hot tub & change rooms, lots of extra indoor visitor parking and a superb location overlooking the Bow River, pathways, and 1 block to the LRT. Call to view this gorgeous suite today!


I just finished uploading this Condo for sale, #304 1208 14 AV SW, Calgary, Alberta

Welcome home! This spacious and affordable, two bedroom suite with insuite laundry & underground parking is superbly priced and ready for you to move in and enjoy. Roomy floor plan offers a large living room with sliding patio doors to your sunny balcony with new privacy glass railing, dining room with ceiling fan & pass-through to the kitchen plus extra cabinets & pantry, updated kitchen with solid core counters, beautiful tile backsplash & white appliances, laminate & tile flooring, 2 good sized bedrooms, 4 pc main bath. Building exterior has been updated. You’re sure to enjoy this great Beltline location with shops, restaurants & coffee shops just out your door, across from a park, 2 blocks from vibrant 17th Ave to explore, a short walk to the downtown core. Call to book your viewing today!


I just finished uploading this House for sale, 29 EVERCREEK BLUFFS CR SW, Calgary, Alberta

Family friendly 2423 SF 3 bdrm + den estate home with south facing backyard in Evercreek Bluffs. Showcasing numerous upgrades, updates & features: 9’ ceilings, elegant newer hardwood floors, two storey front foyer, formal living room & dining room, granite counters & stainless steel appliances in the entertainment style kitchen that overlooks the family room with massive stone faced fireplace, plus a main floor den/home office & main floor laundry. Upper floor with master retreat featuring a lovely sitting room area, 5 pc ensuite bath & walk in closet, 2 additional bedrooms and full main bath. The home offers large windows for ample natural light. The unspoiled basement with large windows is ready to your future development, with roughed in plumbing for a future bath. Large double attached garage and room for 4 cars total. Super convenient access in and out of Evergreen and an easy walk to Fish Creek Park and great area schools.


I just finished uploading this House for sale, 4 JOHNSON PL SW, Calgary, Alberta

Finally, a home that checks ALL the boxes! Loaded with upgrades & features (check the link), freshly painted, this stunning family-friendly home is situated on a corner lot & backs to the PARK! Offering 3975SF of dev't space (WOW!) & a total of SIX bedrooms. Gracious main floor showcases Brazilian Cherry hardwood floors, spacious kitchen w/high-end stainless steel appliances, massive eating area, living rm w/fireplace & separate dining rm, kid-friendly mud rm/laundry rm off the double garage plus a walk-in front closet. Upper level w/oversized bonus rm w/vaulted ceiling, 4 bdrms incl. master retreat: spa-like ensuite w/oversized soaker tub, steam shower & walk-in closet. Bsmt is professionally finished: rec rm, 2 additional bdrms & 3 pc bath (designed as nanny area), exercise/kids play rm & lots of storage. Rear yard is your oasis in the city – two-tiered no-maintenance deck w/raised flower beds, 3 gas heaters, stone patio plus lots of area for the kids to play – this is the one you have been waiting for!


I just finished uploading this Townhouse for sale, #63 7172 COACH HILL RD SW, Calgary, Alberta

Beautifully updated and renovated, this stylish 2 storey townhouse with front porch is sure to impress! Move right in – all the work has been done for you. Enjoy hardwood floors throughout the main, updated kitchen with sunny south facing window, corner fireplace in the living room with tile front, sliding patio doors to rear patio, 2 pc bath on the main. Upper level has been modified to two oversized bedrooms, perfect for a roommate, home office or guest room, and 4 pc main bath, all redone. Lower level is unspoiled and ready for your input. Parking is right out front with extra visitor stalls in the complex. Great location on transit route and easy access to shopping on 85th, Bow Trail to the core or west to the mountains. Superbly priced for these features and upgrades, this suite won’t last long – call to view today!


I just finished uploading this Condo for sale, #1001 110 7 ST SW, Calgary, Alberta

Refined finishing’s, luxurious space & exclusive location combine to create the opportunity you’ve been waiting for. With prime north & west exposure this 10th flr suite at LaCaille Parke Place is sure to impress - gracious front foyer welcomes you into 2760 SF, offering an abundance of living space. Prepare to be captivated, as the main living areas showcase wrap-around windows overlooking the Bow River & views west to the mountains. Ample entertaining space & features incl hardwood flrs, gourmet kitchen w/breakfast bar, granite counters, highend stainless steel appliances & walk-in pantry, large dining rm, living rm with a wall of glass overlooking the spacious balcony, casual breakfast nook PLUS an additional family rm with gas f/p & office/den w/custom built-ins. Master retreat offers a gas f/p, walkin closet & 6 pc spa-like ensuite. Second bdrm at the opposite end of the suite & has it’s own 4 pc bath. 2 titled parking stalls, storage locker, concierge service & a superb location complete the package


I just finished uploading this Condo for sale, #109 114 15 AV SW, Calgary, Alberta

** Open House Saturday August 18, 2-4 pm ** You are sure to be impressed with all this suite has to offer - check out the pictures! Freshly painted corner suite in the lovely Mackenzie building, offering full air conditioned comfort, 1083 SF, 2 spacious bedrooms & 2 full baths (perfect for a room mate, guest room or home office), gracious living room and separate dining room and open concept kitchen with raised bar and newer stainless steel appliances - WOW! Don't forget the main floor garden patio with enough space for your bistro table and a gas line for your BBQ, actual laundry room in-suite (not a closet) with full size washer & dryer & extra shelving, full size front hall closet in the large foyer and title underground parking plus assigned storage locker. Super convenient location, an easy walk to downtown, the Stampede entertainment district, 1st St SW & 17th Ave SW are yours to discover - loaded with great shops, services and restaurants. Be sure to add this to the list and call to view today!


I just finished uploading this House for sale, 105 WEST TERRACE RI, Cochrane, Alberta

Backing SOUTH to the Bow River & pathway, with fabulous River & Mountain VIEWS, this fully finished walkout bungalow is sure to captivate! Prepare to be spellbound by the serene views from the lrg oversized windows across the rear length of the home - kitchen, living room & master retreat! Loaded with estate features: beautiful oak & tile floors, vaulted ceilings, dining rm plus kitchen nook, lovely kitchen w/island, granite counters, new stainless steel high-end appliances, main flr office & laundry. Huge master, massive 5 pc ensuite bath, walk in closet. Curved staircase leads to fully finished walkout - massive family rm w/stone faced f/p, built in entertainment unit, wet bar, room for a pool table (this one is included!), 2 bdrms & full bath - plus wine storage rm, tons of storage & patio doors to completely finished & landscaped patio area, sitting area & fire pit. Triple attached heated garage, underground sprinklers, vacuum system, A/C - it's all here, all that's needed is you - call to view today!


I just finished uploading this Duplex for sale, #29 68 BAYCREST PL SW, Calgary, Alberta

Offering an incomparable location in the highly coveted, exclusive community of Bay Point, this completely renovated townhome backs west to the Glenmore Reservoir with VIEWS of the mountains! Thoughtful planning & exceptional craftsmanship are evident throughout this impressive luxury custom renovation – main flr has been completely reorganized to allow main living areas to take full advantage of the spectacular views from large west facing windows. Features inc soaring vaulted ceiling, skylights, gorgeous gas f/p, hardwood flrs, contemporary kitchen w/huge island – designed for entertaining. Main floor master features 6 pc ensuite & walk-in closet. Completing the level is a 2 pc bath, laundry, extra storage & access to double garage. Upper level features family rm with 2nd gas f/p, built-ins & wet bar, home office, second bdrm & full bath. Lower level is fully finished w/ample space for all your needs. No detail has been overlooked – it’s time to realize the elegant lifestyle you have been dreaming of.


I just finished uploading this House for sale, 373 CITADEL HILLS CI NW, Calgary, Alberta

A beautifully cared for and updated home on a terrific, quiet family friendly street with its own play park and located close to great area schools. This original owner home with over 1700 SF of developed space, total of 4 bdrms & 3 full baths is in move-in condition with loads of upgrades: engineered wood floors, lovely tile in entry & baths, newer shingles, windows, upgraded high efficiency furnace with humidifier & water tank, garage door, lighting, & composite rear deck. Don't forget the stainless steel appliances in the spacious eat-in kitchen & newer washer/dryer (2014). Third level is open to the kitchen and features a family room with a cozy fireplace and another bedroom and bathroom and there are three good sized bedrooms up with two full baths. This open floor plan is sure to impress. Be sure to view today and make this your home!


I just finished uploading this Condo for sale, #101 1000 15 AV SW, Calgary, Alberta

Offering a superb location one block off the excitement and vitality of 17th Ave in the heart of the Beltline, this beautiful corner suite has a functional and open floorplan with a terrific use of space! Enjoy ample amounts of natural sunlight, laminate floors, stainless steel appliances, laundry room insuite with a brand new washer and dryer. Also includes one titled underground parking stall. The Paradym building offers a spectacular roof-top terrace for owners enjoyment - it’s all here, call to view today!

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