REAL ESTATE NEWS

CALGARY LUXURY MARKET OUTPACES LARGER MARKETS

Posted on Feb 22, 2024 in Real Estate News

Calgary seems to be the star of the show these days when it comes to real estate trends and records, and the luxury homes market is no different with Calgary coming out on top in 2023! While other major city centres, such as Toronto, saw a decline in luxury home sales, and Canada as a whole plateaued, Calgary soared. Luxury home sales over $1-milli...

PROPOSED BLANKET REZONING: WHAT IT ALL MEANS

Posted on Feb 21, 2024 in Real Estate News

In Autumn 2023, Edmonton passed huge residential zoning changes, leading many Calgarians to believe a similar bylaw would likely be passed in Calgary. As expected, it didn't take long for one to be proposed before Calgary City Council, and residents have a lot of polarizing opinions on the matter. It would mean a lot of changes for our city if this...

CALGARY VACANCY RATES ARE PLUMMETING

Posted on Feb 19, 2024 in Real Estate News

Reports of vacancy rates plummeting in Calgary have been flooding the local news in recent days, informing us that local rental rates are now officially on par with Toronto. The average rent for a two-bedroom apartment has reached nearly $1,700, a rate increase of 14%, and a vacancy rate of 1.4%. These are growth numbers not seen since 2007, accord...

SHORT TERM RENTAL CHANGES HAVE ARRIVED

Posted on Jan 31, 2024 in Real Estate News

CREB - On June 6, 2023, The City of Calgary took a significant step in enhancing the regulation of short-term rentals, approving crucial bylaw changes that came into effect on Jan. 1, 2024. These changes, aimed at fostering accountability, improving safety, and minimizing negative community impacts, mark the city's commitment to creating a fair and...

CANADA'S PLAN TO COMBAT HOUSING AFFORDABILITY

Posted on Dec 01, 2023 in Real Estate News

On November 21, 2023, the federal government of Canada unveiled its 2023 fall economic statement, with promises of new spending to help build affordable homes, support renters, and clamp down on Airbnbs. What exactly does the government have in store, and how do they plan to combat the housing affordability problem that is plaguing the minds of Can...

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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