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Stories Tagged - Calgary Real Estate News

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June 20, 2018 | Gerald Vander Pyl

Stop, drop and roll

Fire safety tips to protect your home

In Calgary, a recent string of house fires has people thinking about fire safety in the home.

Carol Henke, public information officer with the Calgary Fire Department, says kitchen fires are the most common residential call for the fire department, "and often it's because people leave their cooking unattended."

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May 30, 2018 | Andrea Cox

Calgary Communities, A to Z: North

Read on for stats and fun facts about every community in Calgary's north. This is part two of a two-part series on Calgary communities.
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May 16, 2018 | Mario Toneguzzi

Lacklustre luxury

High-end housing market continues sluggish recovery, but slow sales bump up supply 

As a former long-time writer with the Calgary Herald focusing on the real estate beat, I knew how popular coverage of the real estate industry was to readers.

One aspect of the industry people always loved reading about was the city's luxury home market. So, I was curious how the high-end segment of the housing market has been faring lately.

Year-to-date sales – up to the end of April – of $1-million-plus properties totalled 204 transactions, which is down slightly from 211 during the same period a year ago, says Ann-Marie Lurie, chief economist with CREB®.

Established in 1960, Acadia is one example of a middle-ring suburb that is facing more inner-city issues.
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May 09, 2018 | Stefan Strangman

Aging gracefully

Leaders in middle-ring suburbs grapple with current challenges, while looking to the future

Calgary is a city that is continuing to grow and expand, with new suburbs and surrounding areas showing marked growth this year, yielding new infrastructure and amenities for residents. However, while Calgary's newer communities expand, older communities are experiencing unique challenges.

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May 09, 2018 | Geoff Geddes

Middle-ring mindset

A new look at old neighbourhoods

In addition to the Twist and Woodstock, a lot of great neighbourhoods were created in the 1960s. Today, Calgary's middle-ring suburbs – those developed between 1950 and the early 1970s – face some serious challenges, but, at the same time, some unique opportunities.

"These neighbourhoods are in a good location, fairly close to downtown, and feature large lots with single-family, detached bungalows and split levels," said Francisco Alaniz Uribe, an assistant professor in the faculty of environmental design at the University of Calgary. Uribe co-authored a study on the city's middle-ring communities with his colleague Beverly A. Sandalack, professor and associate dean with the faculty of environmental design.

Wine racks, wine rooms and wet bars have become popular additions to new-home designs and renovated homes alike.
Courtesy Steve Trutenko
News

May 02, 2018 | CREBNow

Soft sales continue in April

Prices steady, but struggles in Alberta economy weigh on housing

Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market.

Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery.

"Slower sales do not come as a surprise, given the economy has not yet improved enough to offset the impact of changes in the lending industry," said CREB® chief economist Ann-Marie Lurie.

"While the rising inventories are being monitored, prices have remained relatively flat as gains in some areas of the city have been offset by declines in other areas."

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April 25, 2018 | Mario Toneguzzi

Down but not out



Downtown office market begins bounce back

People who have lived and worked in Calgary for a long time know that the downtown office market is a great barometer of what's happening in the city's overall economy.

For the past couple of years, record vacancy rates in the heart of the city have made headline news, not only in Calgary, but nationally.

However, a recent report by commercial real estate firm Avison Young suggests we've hit the bottom and there's nowhere to go but up.

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April 25, 2018 | Geoff Geddes

Thinking outside the box

Calgary developers are getting creative in tough condo market

Like much in life, the only constant in the housing market is change. Buyer tastes are ever evolving, and developers of new-build condo projects in Calgary must keep pace.

"Homebuyers today know what they want and need in a new home," said Nicole McLaws, marketing manager at Hopewell Residential. "They want excellent quality, timeless style, affordable pricing and a location that works for their lifestyle."

To meet those needs, developers offer a range of floor plan layouts and sizes, with stylish finishings and long-lasting materials. At the same time, they are keeping one eye squarely on the big picture.

Courtesy Bucci Developments
News

April 25, 2018 | Barb Livingstone

Betting on Bridgeland

Bucci Developments continues commitment to the community with Radius

Radius has risen in Bridgeland, with less than a year remaining before homeowner occupancy.

And demonstrating its continued faith in the inner-city neighbourhood, builder Bucci Developments is already at work on another proposed mixed-use project.

The roof has been placed on the seven-storey, 201-unit Radius, and cabinets and floorings are now going in, says company vice-president Mike Bucci.

"We took a risk pulling the trigger on construction" during the downturn, he says, but it will be worth it at the end of the day.

Shawnee Park is built on a former golf course in southwest Calgary next to Fish Creek Provincial Park.
Courtesy Cardel Homes
News

April 11, 2018 | Gerald Vander Pyl

Neighbourhood makeover

Redevelopment projects lead to new communities in established areas

Most people think of new communities as being on the outskirts of the city, often in areas where amenities like shopping and schools are still lacking.

But there are a growing number of new communities springing up in well-established areas of Calgary, as redevelopment occurs on lands once used for non-residential purposes.

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