Jeff MacKinnon

Real Estate Professionals

403-860-9525
homesinalberta@gmail.com

My past clients will tell you I am knowledgeable, patient, always available, reliable and honest.

Real Estate Professionals

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  • What is a bare land condo?

    This semi-detached home is a bare land condo.

    Among the showings I did with clients this past weekend was a really nice place in a 30-unit complex in Signal Hill.

    The catch with this property – a semi-detached bungalow villa – was that it is a bare land condo. So, I had to explain what exactly is a bare land condo anyway? Which I was happy to do.

    Unlike conventional condos, a bare land condo comes with a real property report, which simply put is a map of your home/lot. So, you own the land that the home sits on, but you are part of a home ownership association that collectively is responsible for the rest of the property. With bare land condos you won’t have free reign to do what you want with the exterior, such as paint it a different colour than the rest of the units, or park an RV in the driveway. Stuff like that.

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  • Sizable sales decline for Calgary in January

    Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes, Calgary Real Estate Board reported Monday.

    The rise in new listings compared to sales caused inventory levels to increase to 4,391 units, the highest January level since 2020. However, as with sales, conditions vary by property type, with row and apartment homes facing higher levels of inventory compared to long-term trends. The result is months of supply that ranges from under three months in the detached sector to five months for apartment-style homes.

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  • Calgary community spotlight: University District

    University District’s Central Commons Park.

    The University District may be the city’s best-planned new community. 

    It’s self-contained with every service you need really and is completely walkable. Since it’s on the University of Calgary’s campus it’s convenient for students looking for housing in a safe environment; and for families looking for something to buy to avoid throwing rent away for four-plus years of their child’s schooling.

    Not to mention a lot of downsizers who want to live in a nice community where they don’t need to rely on a car.

    University District is entirely condos and townhomes, ranging from luxury accommodations in the $2-million-plus range to the tiny $300,000 apartments. There also a seniors complex if that’s what you are looking for.

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  • Calgary real estate board forecasts stable market for 2026

    The Calgary Real Estate Board came out with their forecast for 2026 this week and is anticipating a continued balanced market after the frenzy of 2024 gave way to more normalcy in 2025.

    Calgary condo prices expected to continue to decline in 2026.

    The board’s chief economist Ann-Marie Lurie is predicting the detached home sale price will come in at a 0.1 per cent increase (so no change really), while the average semi-detached price will jump 6.8 per cent.

    Apartment and row/townhome prices are anticipated to continue to decline – 3.5 per cent for condos and 1.9 for townhomes.

    Detached sales were down 8.7 per cent in 2025 to 11,328 while listings were up 13.84 per cent. The average price rose 0.8 per cent in 2025 and 10.9 per cent in 2024.

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  • Calgary real estate market now showing balanced conditions

    Calgary’s housing stats are out for December and the numbers are showing that the city’s market has shifted from one that favours sellers to one that favours buyers.

    The Calgary Real Estate Board is reporting that in 2025, sales were down 16 per cent over the previous year. There were 22,751 sales overall in the city last year.

    Much of the shift came from the growth in supply. In 2025, there were 40,000 new listings come onto the market, nine per cent higher than 2024, causing inventories to rise and driving more balanced conditions. 

    “Annual detached and semi-detached prices rose by a respective one and three per cent, while apartment and row homes saw prices fall by a respective three and two per cent,” CREB reports.

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  • Foreign buyer’s ban’s days may be numbered

    New Year’s Day may have marked the beginning of the end of the Canadian foreign buyer’s ban.

    The restriction on foreign ownership of real estate in Canada is scheduled to come to an end on Jan. 1, 2027. It was introduced back in 2023 and extended in 2025 in an attempt to get prices under control.

    According to increased chatter in the real estate business, Prime Minister Mark Carney is considering pulling the plug when it expires, thus allowing more foreign buyers back in the game. Those in the building business in Toronto and Vancouver are hoping that’s the case. The condo markets in those locales are struggling badly.

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