Category: Uncategorized
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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Calgary is the latest city to dig into citywide rezoning, with mixed results globally
Calgarians are divided on citywide rezoning, with a record public hearing approaching. The proposed rezoning would allow for greater housing density, including various types of dwellings. Research on the impact of rezoning is limited, with mixed findings from different cities. Minneapolis' rezoning efforts have shown modest results so far. Continue to full article
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Calgary’s Property Tax Increases Will Be Higher Than Expected
Calgary homeowners will see a higher property tax increase than originally expected. The total increase is 8.6% for a median-valued home.
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Calgary Has Big Housing Plans. Residents Would Like a Word
Calgary residents are concerned about the lack of citizen engagement in the city's housing plans, particularly a rezoning proposal. The proposal aims to increase housing density to address affordability and sustainability issues, but some residents feel their voices are not being heard. Effective public engagement is crucial for creating equitable planning policies. Continue to full…
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Increased Migration and Low Inventory Drive Competition in Calgary
Calgary's resale housing market heats up due to migration and low inventory, despite steady interest rates. Multiple offers and prices above asking benefit sellers, with quick sales in days.
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What’s Hot in Commercial Real Estate
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.
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CANADA ANNOUNCES RAPID HOUSING FUNDING FOR CALGARY
Canada, Alberta, and Calgary announced over $23 million in funding for two housing projects in Calgary under the Rapid Housing Initiative. The projects will create 64 new units, with a focus on supporting women and children. The funding is part of a larger $1.5 billion investment to address housing needs across the country. Continue to…
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A Calgary solution to housing affordability
Canada's housing crisis is driven by success, with cities like Toronto, Vancouver, and Calgary being highly desirable. Local, provincial, and federal governments need to work together to increase housing options and affordability. Converting existing homes into secondary units could provide a solution, with streamlined processes and financial incentives needed to make it feasible. Continue to…
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Calgary Condo Countdown: Your Savings Journey
In Calgary, a solo buyer would need to save for 3.5-mo to afford the minimum down payment of $16,525. Condos are the most affordable property type, ideal for single-income buyers.
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Calgary office vacancy rate falling: CBRE Canada report
Fewer Calgary offices are vacant compared to the past two years, with the current vacancy rate at 28%. The downtown office vacancy rate remains high at 30%, but there is hope for improvement due to an increase in people moving to Alberta. No new office projects started in early 2024, allowing the market to stabilize.…