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Category Archives: Real Estate

CREB Market Update and September Statistics

CREB Market Update and September Stats Package.    Inventory increases and sales drop in September, but overall sales for the year remain higher than last year   Strong gains in the first-half of 2017 has put the Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new …

Canada’s Rental and Housing Affordability

Rentseeker has looked at the math, and there’s one place in Canada where it says housing affordability merits a “satisfactory” rating. And as the Great White North goes, it’s pretty far up there. The rental portal has released a new infographic that shows the cost of renting across Canada, based on its own data, as well as information provided by the Canada Mortgage and …

CREB Market Update & Other Real Estate Informatio...

CREB Market Update and June Stats Package June spells a gradual recovery   Stable prices in detached sector signal balanced conditions despite increased inventory Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.   However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels …

Calgary’s University Residential District Awarded LEED...

A Moment of Pride for Calgary’s University District The stars seem to be in perfect alignment for Calgary’s University District lately. Just last month, they appear to have hit a sweet spot with a record number of university students preferring to live in and around the campus residences despite the fall in rental rates across the city. Now, the University District, a 200-acre community …

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% …

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. …

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 …