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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 …

View from the Top

Today, it’s no secret that a hotel’s best views are from the top. But before the elevator was invented in 1852, the top floors of many iconic hotel buildings were used as staff quarters. That changed when industrialist Elisha Otis unveiled the lift, and luxury hoteliers recognized that the most opulent accommodations deserve to be housed high in the sky.  Please contact Citysearch to …

Citysearch + Corporate Relocations

Although Calgary corporate relocations are down year-over-year from 2014, Citysearch is pleased to have received an amazing reference from one of our corporate clients, the CEO of Tervita.   Additionally, our team was just highly praised by an ExxonMobil employee who is being transferred out of Calgary, after having been a Citysearch tenant for a number of years.   Providing great service, good communication and delivering …

Calgary Rental Vacancy Rates Rise

Calgary’s vacancy rate has nearly quadrupled to 5.3% (October 2015) since this time last year according to the fall Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC).  The national vacancy rate average is in the order of 3.3%.  Among the country’s 35 largest urban centres, the average vacancy rate in privately initiated, purpose-built rental apartments stood at 2.8 per cent in October 2014, according to the CMHC.  “The rise in the national …

A Cautionary Tale: On-line self property management &#...

Owners and tenants:  Why is it so important to use a professional, reputable property management company?  Among other things, the dangers of self management and on-line scams are more frequent now than ever before and the following story below shows just how scary it can be.  A Toronto based property manager has been using an on-line service to rent out a furnished property for …