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RECENT BLOG ARTICLES

EDMONTON PASSES HUGE RESIDENTIAL ZONING CHANGES

Posted on Oct 25, 2023 in Real Estate News



It's making local headlines, but if you haven't heard, Edmonton passed its latest revised zoning bylaw. In a city council vote of 11-2, the majority voted in favour of ending so-called "exclusionary" zoning, which limited many residential zones to single-family only. Starting next year, Edmontonians will be able to build 3-storey apartments, townho...

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PROPOSED DEVELOPMENT AT GLENMORE LANDING

Posted on Oct 20, 2023 in Real Estate News



A recent City News article has reported the City of Calgary is considering the sale of Glenmore Landing parkland to make room for additional housing. For many reasons, this isn't sitting well with a lot of residents of SW Calgary. Parkland is viewed by many as almost sacred and shouldn't be overtaken by construction and housing, regardless of the e...

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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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