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Stories Tagged - affordability

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Sept. 02, 2021 | Josh Skapin

Builders and developers have long wish list as landmark municipal election approaches

The Calgary residential construction industry's view on government policy at any level often hinges on housing affordability and choice, and these issues remain a point of emphasis for builders and developers as candidates for mayor and council hit the campaign trail.

SOLA, a new "smart" condo development in Kensington, is one example of how developers are shaking up their offerings to stand out in a crowded marketplace. 
Courtesy of the Ocgrow Group of Companies

March 09, 2021 | Stefan Strangman

Adapt or die: Calgary condo developers embrace innovation and affordability to succeed in crowded COVID-19 market

COVID-19 has undoubtedly changed how Calgarians live their lives. According to market analysts, it has also started to affect where they live and how they buy homes, and condo developers have been forced to adapt.

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March 02, 2021 | Geoff Geddes

Give and take: how to navigate price negotiations during a home purchase

Finding the right home might still be about location, but when it comes to getting the best deal, the key is negotiation.

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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.

Cochrane's Men of Vision statue looks out over the town, where COVID-19 has fuelled an increase in home sales this year.
Courtesy of the Town of Cochrane

Nov. 20, 2020 | Josh Skapin

COVID-19 is boosting home sales in Calgary suburbs, surrounding areas – will that momentum last?

With many people trading in their downtown commute for a home office due to the COVID-19 pandemic, proximity to the city centre has been less of a priority for house hunters this year.

In fact, a new emphasis on creating comfortable, productive workspaces within the home and the reduced importance of living anywhere near the office have increased buyer interest in areas just outside Calgary's city limits – where prices are lower and space is plentiful.

Horizon Housing’s 210-unit Horizon View in Glamorgan is Calgary’s largest affordable housing development built in the last decade.
Courtesy of Horizon Housing

July 27, 2020 | Natalie Noble

COVID-19 pandemic highlights Calgary's need for affordable housing

Now that the phrase "go home and stay home" has become 2020's mantra, the importance of affordable housing in Calgary is greater than ever. After all, what does "stay home" mean for those do not have a home or live in unhealthy conditions?

Cody Stuart / CREB®Now

June 10, 2020 | Cody Stuart

My Neighbourhood: Mount Royal

The communities of Upper and Lower Mount Royal have long been home to an eclectic mix of everything Calgary's real estate scene has to offer.

Cody Stuart / CREB®Now

April 17, 2020 | Mario Toneguzzi

Silver linings: increased emphasis on affordability could eventually buoy Calgary condo market

One of the key factors impacting the Calgary resale housing market in the last year or so has been affordability.

With economic uncertainty top of mind due to the collapse in oil prices and the COVID-19 crisis, prospective homebuyers are increasingly looking for more affordable options when making a purchase.

That will likely lead to more demand in the condominium apartment market in the future.

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April 09, 2020 | Jim Zang

Maxing out: why mortgage pre-approvals can be a double-edged sword

Everyone's heard the term "house poor," referring to anyone who spends a large portion of their income on homeownership, leaving little money left for other expenses or small luxuries. It's a classic case of one's eyes being bigger than their stomach.

That's why getting a mortgage pre-approval can be a double-edged sword – it's nice to know what you can afford, but it's awful tempting to go ahead and spend to the maximum you're approved for. However, this decision can leave buyers vulnerable to fluctuations in the housing market or the overall economy.

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March 13, 2020 | Mario Toneguzzi

Head to head: Calgary housing affordability remains strong compared to other major centres

When it comes to homeownership these days, one of the biggest and most talked about issues is affordability. This issue is particularly relevant when it comes to a generation of young Canadians that many people say is struggling to enter the marketplace due to the high costs of owning a home.

However, like anything else in this country, affordability is relative and truly dependent on context. If you're a millennial or a potential first-time homebuyer of any stripe, you're much better off entering the market in Calgary than other major centres like Vancouver or Toronto.

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