High multi-family inventories mean plenty of choices for homebuyers

If you’re looking to enter the condo market in Calgary these days, there’s certainly a lot of choice available among new apartment-style condos and those on the resale market As of the end of October, year-to-date MLS® System sales totalled 2,316 units…

event_note
close

If you’re looking to enter the condo market in Calgary these days, there’s certainly a lot of choice available among new apartment-style condos and those on the resale market As of the end of October, year-to-date MLS® System sales totalled 2,316 units…

Read more

Market on the mend

The arrow is pointing upwards for Calgary housing market as recovery continues It’s been a tough couple of years for Calgary’s housing market, as it slowly recovers from the collapse of oil prices that started in 2014. That pain created some deep wound…

event_note
close

The arrow is pointing upwards for Calgary housing market as recovery continues It’s been a tough couple of years for Calgary’s housing market, as it slowly recovers from the collapse of oil prices that started in 2014. That pain created some deep wound…

Read more

Buying a home: step by step

Buying a home is a momentous occasion in anyone’s life. Thankfully, Canada Mortgage and Housing Corp. has some suggestions that can help you navigate the ins and outs of the home-buying process.  1. Determining if home ownership is right for you Recognize the real costs of homeownership Upfront costs (e.g., down payment, closing costs, taxes) Ongoing costs […]

event_note
close

Buying a home is a momentous occasion in anyone’s life. Thankfully, Canada Mortgage and Housing Corp. has some suggestions that can help you navigate the ins and outs of the home-buying process.  1. Determining if home ownership is right for you Recognize the real costs of homeownership Upfront costs (e.g., down payment, closing costs, taxes) Ongoing costs […]

Read more

To buy, or not to buy?

That is the question, but there is no easy answer that’s right for everyone It’s an age-old question that still gets hotly debated, particularly by young adults who are determining where they are going to live: should I rent or should I buy? It’s not an easy question to answer, and there are no clear […]

event_note
close

That is the question, but there is no easy answer that’s right for everyone It’s an age-old question that still gets hotly debated, particularly by young adults who are determining where they are going to live: should I rent or should I buy? It’s not an easy question to answer, and there are no clear […]

Read more

Compare and contrast

How Calgary’s housing market stacks up against other major centres When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back […]

event_note
close

How Calgary’s housing market stacks up against other major centres When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back […]

Read more

Building home equity

A long-time renter transitions into home ownership and begins building tax-free capital gains Nathan Magee knows a thing or two about renting. Since moving to Calgary in 1999, he has rented apartments, duplexes, houses and rooms in neighbourhoods as disparate as Bridlewood, Marda Loop, Forest Lawn and downtown. Magee rented for 14 years in Calgary […]

event_note
close

A long-time renter transitions into home ownership and begins building tax-free capital gains Nathan Magee knows a thing or two about renting. Since moving to Calgary in 1999, he has rented apartments, duplexes, houses and rooms in neighbourhoods as disparate as Bridlewood, Marda Loop, Forest Lawn and downtown. Magee rented for 14 years in Calgary […]

Read more

Diamond in the rough

Do your homework to ensure your fixer-upper home purchase is a success Turn on your TV and there are shows aplenty with always-eager renovation crews turning a run-down house into something out of a show-home showcase. Browse the Internet and you can find real estate websites devoted to fixer-upper properties that just need a little […]

event_note
close

Do your homework to ensure your fixer-upper home purchase is a success Turn on your TV and there are shows aplenty with always-eager renovation crews turning a run-down house into something out of a show-home showcase. Browse the Internet and you can find real estate websites devoted to fixer-upper properties that just need a little […]

Read more

The affordability equation

New mortgage rules plus cost factors equal big decisions for today’s home buyer Brad Ridler sounds like many first-time homebuyers, anxious to move into his just purchased condo and start putting “a lot of good things in motion.” But when the 32-year-old Ridler and his fiancée Courtney Boyce started their home search more than a […]

event_note
close

New mortgage rules plus cost factors equal big decisions for today’s home buyer Brad Ridler sounds like many first-time homebuyers, anxious to move into his just purchased condo and start putting “a lot of good things in motion.” But when the 32-year-old Ridler and his fiancée Courtney Boyce started their home search more than a […]

Read more

Bottoms up

Jyoti Gondek, director of Westman Centre for Real Estate Studies at Haskayne School of Business at the University of Calgary said the city's housing market will face a number of risk factor in 2017, including aging baby boomers. Photo courtesy University of CalgaryAfter a tough year for the ‘other half’ of Calgary’s real estate market, the city’s apartment/attached segments are expected to see gradual turnaround in 2017 Lower prices and added choices created buyers’ conditions in Calgary’s attached and apartment sectors in 2016. But a slow recovery is expected in 2017, bringing both sectors into better balance, […]

event_note
close

Jyoti Gondek, director of Westman Centre for Real Estate Studies at Haskayne School of Business at the University of Calgary said the city's housing market will face a number of risk factor in 2017, including aging baby boomers. Photo courtesy University of CalgaryAfter a tough year for the ‘other half’ of Calgary’s real estate market, the city’s apartment/attached segments are expected to see gradual turnaround in 2017 Lower prices and added choices created buyers’ conditions in Calgary’s attached and apartment sectors in 2016. But a slow recovery is expected in 2017, bringing both sectors into better balance, […]

Read more

Signs of recovery

CHBA-UDI Calgary chair Allan Klassen expects the city's new housing industry will continue to face difficult conditions in the first half of 2017, followed by a slow return to normalcy. Photo by Wil Andruschak/for CREB®NowHousing officials expect new builds to post slight rebound in late 2017 “Turbulent.” That’s how the head of Calgary’s homebuilders and developers group describes the new housing market in 2016. And 2017? “Recovery,” said Allan Klassen, chair of the recently merged Canadian Home Builders’ Association—Urban Development Institute Calgary (CHBA-UDI Calgary). But recovery won’t be immediate, […]

event_note
close

CHBA-UDI Calgary chair Allan Klassen expects the city's new housing industry will continue to face difficult conditions in the first half of 2017, followed by a slow return to normalcy. Photo by Wil Andruschak/for CREB®NowHousing officials expect new builds to post slight rebound in late 2017 “Turbulent.” That’s how the head of Calgary’s homebuilders and developers group describes the new housing market in 2016. And 2017? “Recovery,” said Allan Klassen, chair of the recently merged Canadian Home Builders’ Association—Urban Development Institute Calgary (CHBA-UDI Calgary). But recovery won’t be immediate, […]

Read more

Rinse and repeat

Richard Cho, pricipal market analysis for Calgary with CMHC, expects rental vacancy rates to hover around seven per cent in 2017. Photo by Wil Andruschak/for CREB®NowHousing experts predict Calgary’s rental market to see another year of high vacancies, low rents Calgary’s rental housing market this year will not change much from 2016 as historically high vacancy rates will continue to usher in incentives and lower rents, say experts. “We expect the vacancy rate to remain close to 2016 levels” said […]

event_note
close

Richard Cho, pricipal market analysis for Calgary with CMHC, expects rental vacancy rates to hover around seven per cent in 2017. Photo by Wil Andruschak/for CREB®NowHousing experts predict Calgary’s rental market to see another year of high vacancies, low rents Calgary’s rental housing market this year will not change much from 2016 as historically high vacancy rates will continue to usher in incentives and lower rents, say experts. “We expect the vacancy rate to remain close to 2016 levels” said […]

Read more

Renters’ market

Housing industry officials expect conditions to favour the renter in 2017 much like it did in 2016. CREB®Now photoEconomic conditions create ideal situation for renters, challenges for landlords In the most volatile economy in the country, it is no big surprise Calgary landlords endured 2016 with the highest rental housing vacancy rate in a quarter of a century. “It is a free market economy, with all the ups and downs, and in the […]

event_note
close

Housing industry officials expect conditions to favour the renter in 2017 much like it did in 2016. CREB®Now photoEconomic conditions create ideal situation for renters, challenges for landlords In the most volatile economy in the country, it is no big surprise Calgary landlords endured 2016 with the highest rental housing vacancy rate in a quarter of a century. “It is a free market economy, with all the ups and downs, and in the […]

Read more