Calgary's trusted source of real estate news, advice and statistics since 1983.
News
Oct. 16, 2014 | Cody Stuart
Coming up big
Calgary's commercial sector still going strong
The Calgary Tower's new, much-discussed exterior lighting system may serve as more than an eye-catching attraction. It might also shine new light on the city's burgeoning commercial sector, which, according to new statistics, is leading the country in a number of key categories for 2014.
Commercial leasing activity in the city is among the most active in Canada, with companies having snatched up 1.2 million square feet of space through the first nine months of 2014, according to commercial real estate firm CBRE Limited.
The Calgary Tower's new, much-discussed exterior lighting system may serve as more than an eye-catching attraction. It might also shine new light on the city's burgeoning commercial sector, which, according to new statistics, is leading the country in a number of key categories for 2014.
Commercial leasing activity in the city is among the most active in Canada, with companies having snatched up 1.2 million square feet of space through the first nine months of 2014, according to commercial real estate firm CBRE Limited.
News
Oct. 16, 2014 | Nolan Matthias
Downlow on downpayments
Plenty of options available to buyers
When buying a home, the first thing to consider is the down payment.
Most people know they need at least five per cent of the purchase price as a minimum requirement, and 20 per cent to avoid Canadian Mortgage and Housing Corp. (CMHC) mortgage insurance. However, many people do not realize there are more places to come up with a down payment than just your savings. Here are a few of the most common:
Savings
The first and most common source of a down payment is a person or a couple's savings. First you save, then you buy the house – pretty straightforward.
When buying a home, the first thing to consider is the down payment.Most people know they need at least five per cent of the purchase price as a minimum requirement, and 20 per cent to avoid Canadian Mortgage and Housing Corp. (CMHC) mortgage insurance. However, many people do not realize there are more places to come up with a down payment than just your savings. Here are a few of the most common:
Savings
The first and most common source of a down payment is a person or a couple's savings. First you save, then you buy the house – pretty straightforward.
News
Oct. 15, 2014 | CREBNow
Annual tourney tees off to huge success
This year marked the 16th annual CREB® Charitable Foundation Building Hope golf tournament, which had a record-breaking year raising more than $50,000.
Funds raised will go towards local organizations such as Inn From the Cold, Brown Bagging for Calgary's Kids and the PREP Program, dedicated to the inclusion of individuals with Down syndrome in home, school and community life.
Funds raised will go towards local organizations such as Inn From the Cold, Brown Bagging for Calgary's Kids and the PREP Program, dedicated to the inclusion of individuals with Down syndrome in home, school and community life.
News
Oct. 14, 2014 | CREBNow
Making a case for housing
Calgary Chamber comes out in support of secondary suites
The Calgary Chamber of Commerce has come out in support of secondary suites in the city – a hot-button topic that has dominated city council's agenda over the past several months.
"The Chamber, in particular, is in support of the further legalization of secondary suites because there's a strong business case to do it," said Justin Smith, director of policy, research and government relations.
"Mainly, there's a strong business case in having an affordable rental market in a city to attract new labour. and to also retain talented labour to make sure you have an affordable city overall."
The Calgary Chamber of Commerce has come out in support of secondary suites in the city – a hot-button topic that has dominated city council's agenda over the past several months.
"The Chamber, in particular, is in support of the further legalization of secondary suites because there's a strong business case to do it," said Justin Smith, director of policy, research and government relations.
"Mainly, there's a strong business case in having an affordable rental market in a city to attract new labour. and to also retain talented labour to make sure you have an affordable city overall."
News
Oct. 08, 2014 | CREBNow
Aging debate
Calgary's secondary suite saga continues, focus turns to ageing in place
It just might be the suite that broke the camel's back.
City council debated rezoning one secondary suite for more than three hours on Oct. 6, leaving many since then to further question the process surrounding the issue.
Several residents from the northwest community of North Haven appeared before council to speak against an application to rezone property to include a secondary suite. Included in those speaking against was Sonya Staveley who lives between Nesbitt and Nolan roads, an area zoned RC-1, not allowing secondary suites. She said it's the process of filing for secondary suites that needs to change.
It just might be the suite that broke the camel's back.
City council debated rezoning one secondary suite for more than three hours on Oct. 6, leaving many since then to further question the process surrounding the issue.
Several residents from the northwest community of North Haven appeared before council to speak against an application to rezone property to include a secondary suite. Included in those speaking against was Sonya Staveley who lives between Nesbitt and Nolan roads, an area zoned RC-1, not allowing secondary suites. She said it's the process of filing for secondary suites that needs to change.
