Real Estate News

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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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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CANADA'S NEW "ANTI-FLIPPING" TAX: WHAT YOU NEED TO KNOW

Posted on Feb 28, 2023 in Real Estate News



On December 15, 2022, Bill C-32 received Royal Assent, which means that the new "anti-flipping" tax has now become law. This new rule applies to any "flipped" residential property sales occurring on or after January 1, 2023. 

What is a "flipped property"? 
A "flipped property" is a property that is located in Canada, would not otherwise be inventory o...

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