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Stories Tagged - income properties
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.
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.
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.
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.
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.
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.
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.
