Category: Uncategorized
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New Zoning Sparks Land Title Contract Surge in Calgary
A growing number of households in Calgary are registering restrictive covenants to counter new zoning regulations. The zoning changes allow for more densification, permitting duplexes and row houses without a land-use redesignation.
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Calgary Condos Outperform in H1: Prices Climb 15%
Calgary's condominium sales increased by nearly 3%, with 5,722 units sold in H1 2024. The average condo price in Calgary rose 15% to $347,203, driven by strong market demand.
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Detached home prices in these nearby spots are rising slower than in Calgary
Calgary's detached home prices rose 8.1% year-over-year to $753,900, according to the Calgary Real Estate Board. High River saw the highest increase at 9.4%, reaching $565,400. Okotoks and Canmore both experienced a 7.3% rise, with benchmark prices of $698,500 and $1,632,400, respectively. Sales in October reached 2,174, 24% above long-term trends, but supply remains tight,…
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Calgary Home Sales Fall Amid Higher-Priced Listings
September home sales dropped 17.6% to 2,003, still 16% higher than long-term trends.Benchmark home price in September was $596,900, 5.5% higher than last year.
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Calgary Housing Starts on Track for Record Year
Housing starts in Calgary are projected to reach 23,000 in 2024, surpassing last year's record of 19,579. CMHC reported over 13,650 starts, marking a 40% year-over-year increase.
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Calgary’s New Zoning: Impact on Residents, Investors
The policy allows duplexes, triplexes, and fourplexes in areas previously restricted to single-family homes.Rezoning aims to boost affordable housing, increase supply, and diversify housing options across Calgary.
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Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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Energy-Efficient Windows Transform Calgary Homes
Energy-efficient windows in Calgary are crucial for weather resistance, thermal performance, and long-term savings. Government rebates and a focus on sustainability drive the growing demand for energy-efficient windows in Calgary.
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Fall Calgary Housing Market Forecast: Modest Price Growth
Canada’s housing supply remains uncertain despite potential interest rate decreases this fall. Calgary faces ongoing low inventory, with demand for affordable homes exceeding available supply.
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Calgary finally sees a much-needed drop in rent prices
Calgarians seeking new apartments can rejoice as rent prices have decreased. The latest report from Rentals.ca shows that the average rent for a one-bedroom apartment in Calgary is $1,692, down 0.9% from last month and 2.2% from last year. Two-bedroom apartments average $2,074, reflecting a 0.9% monthly drop and a 4.9% annual decrease. Despite these…