Category: Uncategorized
-
New reports show cost of renting down in Calgary but up in Edmonton
Calgary renters are experiencing a slight decline in rental rates, with one-bedroom units averaging $1,692 in October 2024, down 0.9% from September and 2.2% from the previous year. Two-bedroom rentals also decreased to $2,074. This decline is attributed to a surge in rental unit availability, with nearly 7,000 new units on the market. In contrast,…
-
East Calgary Leads Yearly Price Growth in Late-Q3
Calgary’s total residential benchmark price reached ~$597K in September, over 5% higher than last year. Detached homes experienced ↑ ~9% yearly growth, while apartment condominiums saw ↑ ~14% gains.
-
Calgary and Vancouver housing sales rise suggesting buyers ‘finally’ responding to rate cuts
Housing sales in Calgary and Vancouver have seen a significant increase, indicating a potential revival in the market following recent interest rate cuts by the Bank of Canada. Vancouver reported a 27.2% rise in home sales from September to October, the highest since June 2020, with year-over-year sales up 31.9%. Calgary's sales rose 9.4% month-over-month,…
-
New Zoning Sparks Land Title Contract Surge in Calgary
A growing number of households in Calgary are registering restrictive covenants to counter new zoning regulations. The zoning changes allow for more densification, permitting duplexes and row houses without a land-use redesignation.
-
Calgary Condos Outperform in H1: Prices Climb 15%
Calgary's condominium sales increased by nearly 3%, with 5,722 units sold in H1 2024. The average condo price in Calgary rose 15% to $347,203, driven by strong market demand.
-
Detached home prices in these nearby spots are rising slower than in Calgary
Calgary's detached home prices rose 8.1% year-over-year to $753,900, according to the Calgary Real Estate Board. High River saw the highest increase at 9.4%, reaching $565,400. Okotoks and Canmore both experienced a 7.3% rise, with benchmark prices of $698,500 and $1,632,400, respectively. Sales in October reached 2,174, 24% above long-term trends, but supply remains tight,…
-
Calgary Home Sales Fall Amid Higher-Priced Listings
September home sales dropped 17.6% to 2,003, still 16% higher than long-term trends.Benchmark home price in September was $596,900, 5.5% higher than last year.
-
Calgary Housing Starts on Track for Record Year
Housing starts in Calgary are projected to reach 23,000 in 2024, surpassing last year's record of 19,579. CMHC reported over 13,650 starts, marking a 40% year-over-year increase.
-
Calgary’s New Zoning: Impact on Residents, Investors
The policy allows duplexes, triplexes, and fourplexes in areas previously restricted to single-family homes.Rezoning aims to boost affordable housing, increase supply, and diversify housing options across Calgary.
-
Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early