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Stories Tagged - Economy

The Calgary Metropolitan Region Board's draft growth plan aims to achieve the following results when compared against a "business as usual" scenario.
Courtesy of the Calgary Metropolitan Region Board

March 19, 2021 | CREBNow

Share your opinion: Calgary Metropolitan Region Board launches final phase of public engagement for regional growth plan

The third and final phase of public engagement for the Calgary Metro Region Board's (CMRB) growth plan launched late last week.

The growth plan will determine how the CMRB's 10 member municipalities and counties will work together to plan for their next million residents, including considerations of transportation, water management, land use, services and recreation.

Getty Images

March 16, 2021 | Josh Skapin

Detached-home sellers are in the driver's seat, as low mortgage rates fuel demand across Calgary

Enticing discount mortgage rates have helped put Calgary's detached home market in rare form.

Courtesy Naheed Nenshi

March 05, 2021 | Mario Toneguzzi

Mayor one-on-one: Naheed Nenshi speaks with CREB®Now and reflects on the year

Mayor Naheed Nenshi is in his third term in office after winning the municipal election in October. Recently he spoke with CREB®Now about issues facing the city and what he sees moving forward in 2018. Here is an edited version of that conversation.

Courtesy Getty Images

March 05, 2021 | Barb Livingstone

Tempered optimism: as 2017 winds down, experts weigh in on what's to come

It is a word used extensively this year, as Calgary's economy and housing industry tiptoed to recovery.

And that word — modest — is one you will continue to hear in 2018 in relation to expected gains by each branch of the residential home market.

CREB® Housing Market Stats

March 01, 2021 | CREBNow

February 2021: sellers' market leads to rising prices

With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014.

Cube, Strategic Group's office-to-residential conversion project in the Beltline, is one example of adaptive reuse in action.
Courtesy of Strategic Group

Feb. 22, 2021 | Natalie Noble

What's old is new again: adaptive reuse one solution to Calgary's downtown office vacancies

Ongoing economic challenges, shrinking population growth and a pandemic that won't go away add up to a downtown Calgary office market facing critical vacancy rates.

One solution is adaptive reuse: the conversion of vacant office space into residential projects. The University of Calgary's School of Public Policy recently published a research paper exploring the challenges and opportunities surrounding adaptive reuse and how it could make a major difference in the city's downtown core.
CREB® Forecast 2021

Feb. 02, 2021 | CREBNow

Calgary's 2021 Real Estate Forecast – A Summary

In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses.

CREB® Housing Market Stats

Feb. 01, 2021 | CREBNow

January 2021: sales activity signals strong start to the year

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021.

Getty Images

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.

CREB® Housing Market Stats

Jan. 05, 2021 | CREBNow

December 2020: Amidst economic challenges, housing market ends 2020 on a high note

With December sales of 1,199, this is the highest December total since 2007.

"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring," said CREB® chief economist Ann-Marie Lurie.

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