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Stories Tagged - Vancouver

Bank of Canada senior deputy governor Carolyn Wilkins and governor Stephen Poloz.
Courtesy Bank of Canada
News

June 05, 2019 | Mario Toneguzzi

Bank of Canada senior deputy governor discusses health of housing market at Calgary Chamber

Ongoing weakness in Alberta's housing market "can be explained by adjustment over the past five years to continuing challenges in the energy sector," said Carolyn Wilkins, senior deputy governor of the Bank of Canada, during a recent speech at the Calgary Chamber of Commerce.

Getty Images
News

March 14, 2018 | Mario Toneguzzi

Density dilemma

Study finds major Canadian cities have room to improve when it comes to densification

Densification is a buzzword now in the real estate industry, and it's certainly on the minds of many policy makers in cities across Canada, including Calgary.

If you travel to cities around the world, you will see firsthand how the other half lives, so to speak. More people are living close together in those global cities.

Love It or List It Vancouver’s Todd Talbot draws heavily on his own homebuying experiences during his Calgary Home and Garden Show presentation on “right sizing.” According to Talbot, right-sizing requires homeowners to do an honest audit of what is important to them when it comes to their living space. 
Courtesy Reformation PR
News

Feb. 28, 2018 | Barb Livingstone

The road to right-sizing

HGTV star Todd Talbot shares advice from 20 years in real estate at the Calgary Home and Garden Show

At the age of 22, Vancouver actor Todd Talbot bought his first home, paying his mortgage with the help of a rent-paying friend.

It was a unique occurrence among his theatre colleagues.

"(As an actor) you don't make a ton of money and you are pretty transient," said Talbot, who, as a teenager, appeared on the Hillside TV series with fellow Vancouverite and current Hollywood heavyweight Ryan Reynolds.

However, it was this initial foray into real estate – $190,000 for a two-bedroom, two-bathroom condo two blocks from Kitsilano Beach – that sparked Talbot's second career as an entrepreneur, leveraging one piece of property for another, and then another, and eventually leading to ownership of several real estate companies.

Cody Stuart / For CREB®Now
News

Oct. 05, 2017 | Andrea Cox

Putting down roots

GROW condo in Bankview conjures memories of home for Christopher Stephanou

There is much to be said for the convenience and upbeat vibe of the inner-city lifestyle. Walkability, connectivity and short commute times are just a few of the pluses. When you add on the sustainable amenities that promote a sense of community and communal living, the attractiveness soars even further. That's why 30-year-old Christopher Stephanou jumped at the chance to purchase a one-bedroom condominium at GROW, a 20-unit, multi-family project located in the heart of Bankview.

Volunteers from the University of Calgary's Real Estate Students Association at a Brookfield Residential International Speaker Series event in spring 2016.
Courtesy Westman Centre for Real Estate Studies
News

Aug. 23, 2017 | Geoff Geddes

Future leaders

Westman Centre for Real Estate Studies is developing tomorrow's real estate professionals

While interest accruing on a mortgage balance is rarely a welcome sight, the growing interest in the Westman Centre for Real Estate Studies at the University of Calgary is a different story.

Part of the Haskayne School of Business, the Westman Centre was founded in 2012 with $7.6 million in funding from the real estate industry, which included a $5 million endowment from Jay Westman. Its mission is to be a catalyst for the development of real estate professionals and a leading centre of excellence for real estate studies through its teaching, research and community engagement activities.

"Industry saw a need for a program where graduates would have a firm grasp of the real estate sector and the career opportunities it could offer," said Jessica Abt, the centre's director.

Getty Images
News

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.
News

Dec. 08, 2016 | CREBNow

Foreign interest in apartment sector unchanged: report

National activity down from 2015, but consistent with 2014, says CMHC

Foreign ownership of condominium-style apartments in Calgary this year is unchanged from a year prior and continues to represent a small proportion of the total market, according to a new report.

In a recent briefing, Canada Mortgage and Housing Corp. (CMHC) noted foreign buyer activity in the city's apartment sector represented 0.9 per cent of all activity in 2016. That's down from 1.1 per cent in 2015, but up from 0.2 per cent in 2014.

News

Nov. 19, 2016 | Alex Frazer Harrison

Foreign buyers roundtable

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

News

Nov. 19, 2016 | CREBNow

Foreign buyers roundtable

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

CMHC’s Richard Cho said that foreign investment still represents just a sliver of Calgary’s total residential housing market, even though it has increased from 0.2 to 1.1 per cent in just over a year. Photo by Wil Andruschak/For CREB®Now
News

Oct. 14, 2016 | Joel Schlesinger

Goodbye YVR, hello YYC?

Housing officials say foreign investment shift too early to tell; still unwavering on city's potential

Calgary could be the new Vancouver. At least that's what has some real estate observers maintaining more than two months after the B.C. government imposed a 15 per cent land transfer tax on real estate purchases by foreign buyers in the province's most populated city.

Aimed at dampening foreign investment—mostly from mainland China, which has been suspected of pushing up demand and prices in markets such as Vancouver where the benchmark price for a home is close to $1 million – the tax appears to be working.

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CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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