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Dear New Neighbours, Welcome to Calgary

With all the recent talk about economic setbacks and fluctuating prices, it is easy to sometimes forget to look on the bright side. So, I’d like to take this opportunity to welcome those who are new to the neighbourhood and now call Calgary home. Calgary is a thriving city with an abundance of opportunities. Our city leaders are dedicated to building a sustainable community …

Private Member Bill 202

  Click here to read Bill 202 A government MLA has introduced a bill that will review rent control, security deposits and overall housing affordability.   Bill 202 is called the Alberta Affordable Housing Review Committee Act, and is sponsored by Calgary East New Democrat MLA Robyn Luff. I have attached a link so you can review the Bill. The Bill creates a committee …

Calgary’s Latest Economic News: Are You Ready to Shake...

The drop in global oil demand and subsequent economic shakeout continue to shake up Alberta’s real estate economy. With home prices down, Calgary—along with the rest of the province—is turning into a renter’s market. Even in the luxury residential market, Calgary home rental rates are 20% below the levels of one year ago. In Calgary where dependence on the oil market is a powerful …

A Less Than Positive Outlook for Calgary Rent

Real estate rental prices in Calgary are down and some say they may not be going back up any time soon. The city’s vacancy rate has nearly quadrupled over the span of just one year, according to the fall Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC). Average rental prices in Calgary have actually edged up slightly and remain the second-highest …

The Down Time Before the Turnaround

Alberta and Calgary Shoulder Nation’s Unemployment Burden Friday’s jobless rates released by Statistics Canada confirmed what many already knew, Alberta’s economy has taken a hit this winter. Reporting on the figures, the Calgary Herald announced that overall, Canada lost 5,700 jobs in January. Ten thousand of those jobs came out of Alberta, representing the province’s highest unemployment rate since 1996. Calgary’s unemployment hit 7.7% …

Pricey Rental Properties – Our CBC Interview

The Citysearch team was recently contacted by CBC who had requested an interview with CBC’s Andrew Brown at our Citysearch offices in Mission to discuss the executive rental market in Calgary and how the current economy is affecting the higher scale properties throughout the city. Check out the article below: http://www.cbc.ca/news/canada/calgary/calgarys-priciest-rental-properties-still-renting-1.3404987    

The New Year is upon us…..

As Christmas Eve approaches, Citysearch would like to wish all our owners and tenants a very happy holiday season and all the best in the New Year. We eagerly look forward to 2016 for big changes to come, hopefully positive ones! The past year has been a difficult and trying time for our owners and tenants working within the oil and gas industry which …

Bill 204

Bill 204 As reported by CRA, “In the event you have not heard, Bill 204 – – Safer Spaces for Victims of Domestic Violence passed 3rd reading in the Legislature by a unanimous vote of 62-0. In spite of our collective letters to the Government and all MLA’s pointing out deficiencies in this badly flawed Bill it was passed. We were not the only …

Oil Bust or Bust?

Found this article on MSN re oil prices for your reading interest.   “We are in the midst of the worst oil bust in decades. The industry hasn’t been in this bad shape since 1999, or perhaps as far back as 1986. With prices spiraling down to less than $40 a barrel, companies have been forced to slash their drilling activities dramatically, while cutting thousands …

Eau Claire Re-Development Proposal

The Calgary Herald recently reported “a proposal to radically transform Eau Claire — described by one councilor as the “jewel” of Calgary’s river valley — inched forward at City Hall on Monday with a unanimous first reading of the developer’s rezoning application. The mixed-use pitch by Harvard Developments includes five towers, 1,000 residential units, and nearly 1.4 million square feet of office and retail …

De Beers Diamonds….Calgary’s New Best Frie...

Citysearch welcomes De Beers to Calgary. From the Toronto Star, “De Beers, one of the world’s largest diamond companies, is leaving Toronto and moving its Canadian headquarters to Calgary this June. There are currently 80 to 120 people working at De Beers Toronto headquarters. Many will be offered the chance to relocate, said Tom Ormsby, De Beers Canada director of external and corporate affairs. …

Another year coming to a close in Calgary…

The end of the year is approaching and it is time where we often reflect on matters…. and develop some resolutions.  Here is what I am thinking…  Do an inventory of my closest relationships and ask how much peace I bring them. Determine some ways to add peace to their lives. Establish awareness of what I allow my mind to dwell on.  Do I …