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Stories Tagged - income properties

CREB®Now Archive
News

Dec. 04, 2019 | Josh Skapin

South Health Campus draws investor interest to Seton

While some people choose to purchase a home near a hospital because it provides the comfort of living near an important service, for many others, it's simply a smart business decision.

Calgary's newest hospital, the South Health Campus in the southeast community of Seton, is spurring significant interest from investors.

News

Dec. 07, 2015 | Cody Stuart

'Suite' opportunities in detached sector?

Regulation changes could make investment market more attractive

Recent changes to secondary suite regulations could spell good news for investors looking for opportunities in Calgary's detached housing sector.

In late November, city council voted to relax the regulations on lot size and increase the amount of floor space allowed in the suites.

Under the new rules, homes zoned R-C1Ls, R-C1s and R-1s will have the minimum lot width removed altogether, while homes zoned R-C1N, R-C2, R-1N and R-2 l will see the minimum lot width reduced to nine metres.

The changes will also increase the maximum size on basement suites from 75 to 100 square metres.

Condos, downtown, income, investment, apartment
News

Dec. 07, 2015 | Joel Schlesinger

Opportunity knocks in condo sector

In the midst of a correction, experts identify silver-lining investment opportunity

Buy low. Sell high. It's the quintessential mantra of successful investors.

And for those who have long sought to execute this philosophy in Calgary's real estate market, a window of opportunity may be opening thanks to weak oil prices – particularly in the apartment-style condominium sector, which has seen inventory levels skyrocket in 2015.

According to CREB®'s recent monthly housing forecast, months of supply in the apartment sector increased to 6.9 per cent in November, causing benchmark prices to slide
0.5 per cent from October to $287,000. Meanwhile, year-over-year prices were off by 4.6 per cent.

By comparison, months of supply in the detached and attached sector sat at 3.4 and 4.8, respectively.

CALGARY ALBERTA - November 28th, 2015; Chad Kanovsky anticipates buying two to four condos within the next six months--   November 28th, 2015 (for ) (Adrian Shellard for CREB)
News

Dec. 07, 2015 | Barb Livingstone

Planning for tomorrow

Investors see opportunities within local housing market

Within the next six months, 26-year-old Calgarian Chad Kanovsky intends to take the plunge and buy as many as four multi-family units as income-producing investment properties.

The commercial real estate associate already has a stock portfolio, and is looking to diversify by adding local real estate.

Yet Kanovsky, who started working in land development as a teenager for his father's company, is adamant he will not be jumping into any "get-rich-quick" investment.

"I'm not looking to make a million dollars in the next year and then go to Mexico," he said.


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