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Stories Tagged - Canada

The R.B. Bennett House in Upper Mount Royal.
Courtesy of the City of Calgary

March 09, 2021 | Tyler Difley

Historical Home Spotlight: R. B. Bennett House

Year of Construction: 1912

Address: 802 Prospect Ave. S.W.

Community: Upper Mount Royal

Architectural Style: Georgian Revival

Oddly enough, the most famous owner of this stately brick home in Calgary's upscale Mount Royal neighbourhood never actually lived there. As the house's modern moniker suggests, that owner was R. B. Bennett, Canada's 11th prime minister and a man who, despite growing up in New Brunswick and spending his final years in England, is indelibly linked with Calgary's history.

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Feb. 01, 2021 | Mario Toneguzzi

Rock-bottom interest rates throughout 2021 could nudge even more Calgarians into the housing market

Historically low interest rates are helping boost the residential real estate market in Calgary and across the country, with the trend expected to continue throughout 2021.

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Aug. 26, 2020 | Tyler Difley

Four must-listen Canadian podcasts for beginner and veteran real estate investors

Whether you want to try your hand at real estate investing for the first time or you already own multiple properties, there's always room to learn new strategies and insights that could make you more successful. If you are looking to up your investment game, these four podcasts are a great place to start.

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July 15, 2020 | Tyler Difley

Bank of Canada stands pat on interest rates, forecasts GDP decline in 2020

The Bank of Canada has maintained its overnight rate target at 0.25 per cent, the effective lower bound, and released its updated outlook for the economy and inflation.

Courtesy of Mary ann Turrie

April 24, 2020 | Geoff Geddes

Rolling out the red carpet: a hypothetical exercise in royal resettlement

After the Duke and Duchess of Sussex announced they planned to call Canada home, Okotoks town council passed a resolution inviting the royal couple to settle in their town.

Since then, however, a viral pandemic and a change of heart on the part of the couple – they are reportedly quarantining in California and have shifted their sights to finding a new home in Malibu – seem to have scuttled the possibility of the royals settling in the Great White North any time soon.

Yet, with all the attractive properties in the Calgary area, the possibilities for Harry and Meghan would have been endless.

Cody Stuart / CREB®Now

Nov. 20, 2019 | Cody Stuart

National Housing Day highlights importance of affordable housing

Nov. 22 is National Housing Day, a valuable reminder of the urgent need for more affordable housing in and around Calgary.

According to Habitat for Humanity, one in five Canadians is currently living in housing that is unsafe or unaffordable, with Calgary ranking as one of the most difficult cities for low-income earners to live in.

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Aug. 21, 2019 | Josh Skapin

Risky business: popularity of alternative mortgage lenders increased in 2018

A rising number of homebuyers in Canada are turning to alternative lenders for a mortgage, says the Canada Mortgage and Housing Corporation (CMHC).

Mortgage investment corporations (MICs) held between $13 and $14 billion of outstanding mortgages in Canada in 2018, capturing one per cent of the market share, according to a CMHC report.

July 31, 2019 | CREBNow

Calgary Mid-Year Housing Market Outlook

Highlighting key Calgary-and-area housing market and economic data from the first half of 2019, while looking ahead to what the rest of the year might hold.

Cody Stuart / CREB®Now

July 24, 2019 | Gerald Vander Pyl

From fairways to families: How urban golf course closures are impacting communities in Calgary and across Canada

During the 1990s and early 2000s, a wave of new golf course development swept across Canada, with many of these courses serving as centrepieces for residential communities. Since then, that growth has slowed as golf's popularity has waned. Some of those courses are now closing, opening prime real estate that, in many cases, is being redeveloped into new subdivisions.

The result has been a boon for builders and homebuyers, as land becomes available for new residential development within desirable, well-established communities. However, it has also created resentment among long-time residents of these neighbourhoods, who originally purchased their homes with the golf course as a major selling point.
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Aug. 02, 2017 | Tyler Difley

Compare and contrast

How Calgary's housing market stacks up against other major centres

When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back and examine things in a broader context to provide points of comparison. This dose of perspective helps one to remember that while $400,000 might seem like a lot to ask for a detached home in one city, in another major metropolitan area, people might be hard pressed to find a home for less than twice that amount.

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