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Stories Tagged - yyc

Calgary International Airport is the third busiest airport in Canada handling 
more than 1.5 million passengers a year. Photo by Adrian Shellard/For CREB®Now

July 18, 2016 | Joel Schlesinger

Ready to take flight

YYC's expansion could help city's real estate market soar

Foreign investment in the city's real estate market is poised to take flight.

And it's in no small part thanks to the ambitious expansion of the Calgary International Airport. From the recent opening of its new runway—the longest commercial airstrip in Canada—to its $1.4-billion new international terminal opening this fall, Calgary's bigger, better international airport dramatically increases the number of travellers from overseas.

While it's undoubtedly a shot in the arm to the city's struggling economy, it's not a leap in logic to assume more foreign business and pleasure travellers could provide a boost to its real estate sector, says Eric Horvath, vice president of investment sales at Colliers International.

June 04, 2014 | CREBNow

Record-setting May

Residential sales for last month, highest ever recorded in Calgary

Calgary's residential housing market continued its upward surge last month with a record-setting May that saw a 16 per cent increase in sales.

A combined 2,948 single- and multi-family homes switched hands last month, compared with 2,535 in May 2013. This year's total represents the most sales in May in Calgary's history.

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