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Local Market News Blog

Housing affordability has been the talk of the nation in recent years, especially as tighter mortgage regulations and higher borrowing costs have started to impact housing markets across the country. A recent report by RBC Economic Research indicates that Calgary’s housing market isn’t out of reach for many potential homebuyers, especially when compared to the […]

9/14/2018 7:00:37 AM

Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are 2.4 per cent below last year’s […]

9/14/2018 7:00:31 AM

Brimming with families, many of whom have been in the community for decades, Applewood Park extends to the north from International Avenue near Elliston Park in Calgary’s southeast. Big houses, double-car garages perfect for home workshops, and large yards are a few of the defining characteristics of this community developed in the early 1980s. With […]

9/14/2018 7:00:26 AM

“Price it right, and it will sell,” is a common refrain in the real estate business, but how do REALTORS® determine the proper list price for your home? According to Karen Gonzales, a Realtor with Sutton Group Canwest, it’s not as simple as looking at the assessed value of the home on your property taxes. […]

9/14/2018 7:00:11 AM

A Calgary home purchase income guide Many would-be homebuyers find the home of their dreams, only to wonder, “can I afford it?” Canada Mortgage and Housing Corp., as well as many major banks, recommend spending no more than 30 per cent of income on housing, including mortgage (principal and interest), property taxes, insurance and utilities. […]

9/14/2018 7:00:06 AM

Charron Ungar, CEO of Homes by Avi, says the company’s new Home Store in Chinook Centre was created as a unique approach to counteract changing market conditions. “At the end of 2015, the market started to decline dramatically, and we saw a significant drop in traffic through our showhomes,” he said, adding there are 40 […]

9/7/2018 7:00:54 AM

Congratulations to the following Calgary-area builders and developers, who are all finalists for the 2018 BILD Alberta Awards. The winners will be announced at the BILD Alberta Fall Conference in Jasper on Sept. 14. Existing Community Brookfield Residential: Cranston’s Riverstone Macdonald Development Corporation: Watermark at Bearspaw New Community Development West Campus Development Trust: University District […]

9/7/2018 7:00:52 AM

As the days grow shorter and we settle back into our fall routines, our whole summer flashes before our eyes. It’s now September and it is too late to get summer back, but who wants to call it quits in the garden when we can reimagine summer growing into fall? Here are some tips to […]

9/7/2018 7:00:51 AM

For many homebuyers, especially young families, nearby schools are a major factor when it comes to choosing a house and neighbourhood. While Calgary is full of older, established schools, there are also several new schools that have recently opened or are slated to open soon – many of them in Calgary’s newest communities. Here are […]

9/7/2018 7:00:48 AM

City council’s recent approval of 14 new suburban communities is a vote of confidence in Calgary’s future. “It is an overall good news story,” said Matthew Sheldrake, City of Calgary growth strategies and geo-demographics co-ordinator, of the communities approved in July. The decision, he says, reflects improving economic and population growth numbers, and hits planning […]

9/7/2018 7:00:16 AM

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