THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

WHY TOWNHOME CONSTRUCTION IS BOOMING

Posted on Oct 16, 2023 in Real Estate News



We've talked a lot about Calgary's housing crisis this year, and we're starting to see more and more ramifications as 2023 is winding down. The latest shake-up relates to the decline of demand for single-family homes and the increase of demand in townhomes and multi-units. Row house construction is up 37% in Calgary as builders and buyers alike see...

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OCTOBER 2023 MARKET UPDATE

Posted on Oct 03, 2023 in Market Updates


Calgary home sales hit record highs in September, with 2,441 sales, yet supply remains a challenge. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12 percent lower than last year's levels.

New listings also improved this month compared to last year and relative to sales. This caused the sales...

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CANADIANS FLOCKING TO ALBERTA

Posted on Oct 02, 2023 in Real Estate News



Canadians are flocking to Alberta from their home provinces in never-before-seen numbers. Statistics Canada has estimated 184,400 people have migrated interprovincially into Alberta since this time last year, up over 4%, bringing the total population to 4.7 million. While other provinces, including Ontario, Manitoba, and Saskatchewan, also saw an i...

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ARE WE AT RISK OF RENTAL CONTROLS?

Posted on Sep 22, 2023 in Real Estate News



Rent in Calgary is becoming unaffordable for many local residents and newcomers alike. With our beloved city now experiencing a housing crisis due to lack of inventory and strong demand, many renters have been feeling the pinch. Rental rates have gone up approximately 40% in the last few years (depending on property type), but wages/earnings have n...

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CALGARY'S PLAN FOR THE HOUSING CRISIS

Posted on Sep 07, 2023 in Real Estate News



We're facing the hard truth right now that Calgary is in a housing crisis. The city is experiencing a critical housing shortage, creating affordability issues and beyond. Many people are finding it difficult to obtain shelter, both rental and purchase, and if they can find a place, being able to afford it has become a bigger obstacle than usual. Pl...

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SEPTEMBER 2023 MARKET UPDATE

Posted on Sep 01, 2023 in Market Updates



Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 percent compared to last year.

While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained...

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