Category: Uncategorized
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Calgary: New Project Opens in Crescent Heights
A new affordable housing complex has opened in Crescent Heights, enhancing local housing options. The four-storey building features 35 one-bedroom rentals designed for young parents and seniors.
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Missing Middle Housing: Calgary’s Urban Revival
Calgary’s new zoning laws enable development of missing middle housing in established communities. Missing middle housing includes duplexes, triplexes, and low-rise apartments, enhancing low-density options.
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1,920 Homes Being Built and Repaired in Calgary
The federal government is investing $18.6 million to build and repair 1,920 homes in Calgary, Alberta. This funding includes $1.8 million for Ogden Hub:29, which will provide 24 homes for families in need. The project features a five-storey building with various amenities. The National Housing Strategy aims to create affordable housing, prioritizing vulnerable groups. As…
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Calgary dubbed top Canadian real estate market to watch in 2025
A recent report by PwC and the Urban Land Institute highlights Calgary as the top real estate market to watch in Canada for 2025, based on various factors including investment trends and property sectors. The city offers significant opportunities for both single-family and multi-family residences, despite rising construction costs. Calgary's growing technology sector is expected…
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Proposed Calgary budget adjustments would see 3.6% property tax increase
The city is proposing a 3.6% property tax increase for 2025, down from an earlier projected 4.5%. This adjustment is attributed to increased investment income, which allowed the city to eliminate an additional 0.9% increase. Condo owners will see the largest increase, with typical owners of a $360,000 condo paying $1,370, a 10.5% rise. Additionally,…
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Calgary: Late-Q3 Sales Saw 17% Decline
Late-Q3 sales totalled 2,003 units, 17% below last year's record but 16% higher than average. New listings increased to 3,687 units, the highest for Late-Q3 since 2008, aiding inventory growth.
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Calgary’s New Listings Surge, Still Seller-Favored
Calgary’s Real Estate market saw 3,687 new listings in September, the highest since 2008. Total standing inventory rose to 5,064 homes, nearly double spring’s low but below 6K avg.
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New reports show cost of renting down in Calgary but up in Edmonton
Calgary renters are experiencing a slight decline in rental rates, with one-bedroom units averaging $1,692 in October 2024, down 0.9% from September and 2.2% from the previous year. Two-bedroom rentals also decreased to $2,074. This decline is attributed to a surge in rental unit availability, with nearly 7,000 new units on the market. In contrast,…
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East Calgary Leads Yearly Price Growth in Late-Q3
Calgary’s total residential benchmark price reached ~$597K in September, over 5% higher than last year. Detached homes experienced ↑ ~9% yearly growth, while apartment condominiums saw ↑ ~14% gains.
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Calgary and Vancouver housing sales rise suggesting buyers ‘finally’ responding to rate cuts
Housing sales in Calgary and Vancouver have seen a significant increase, indicating a potential revival in the market following recent interest rate cuts by the Bank of Canada. Vancouver reported a 27.2% rise in home sales from September to October, the highest since June 2020, with year-over-year sales up 31.9%. Calgary's sales rose 9.4% month-over-month,…