Calgary resale housing market prices still falling

But MLS sales have increased, supply is falling and the time it takes for a home to sell is decreasing

Calgary resale housing market prices still fallingThe Calgary Real Estate Board says the city’s resale housing market is moving towards more balanced conditions but it still remains oversupplied and prices continue to remain below last year’s levels. Data released by CREB shows MLS sales in October of 1,447, up 9.62 per cent compared to a  year ago. New listings fell by…

Village launched in Calgary for homeless vets

ATCO Village, a Homes for Heroes initiative, features 15 tiny homes, a resource centre, counsellor’s office, family suite and community gardens

Village launched in Calgary for homeless vetsThe first Homes For Heroes village, a housing initiative for homeless Canadian Forces veterans, has launched in Calgary. ATCO Village, in southeast Calgary, features 15 tiny homes, a resource centre, counsellor’s office, family suite and community gardens. Officials say a tiny home provides veterans with privacy, a sense of security, peer-to-peer support and the ability…

University District launches latest condo project

U of C-area development has secured new retailers and officially broken ground on its three-acre Central Park

University District launches latest condo projectThe massive mixed-use University District development in Calgary has launched a new residential condominium project, secured new retailers and officially broken ground on its three-acre Central Park. West Campus Development Trust, which is spearheading the overall development, and Avi Urban announced recently that the new condo project, Argyle, will feature one-, two- and three-bedroom condos.…

True North REIT buying ATB Westwinds Campus office building

True North REIT buying ATB Westwinds Campus office buildingToronto-based True North Commercial Real Estate Investment Trust announced Thursday it had acquired two Class A office properties - one in Markham, Ontario and one in Calgary. The Ontario property is a 315,400-square-foot office building located at 101 McNabb Street while the Calgary property is a 209,400-square-foot building  located at 3699 63rd Avenue NE. Both…

Strong in-migration to fuel housing demand in the Calgary region

Pace of new home construction is projected to gain traction in 2020 and 2021

Strong in-migration to fuel housing demand in the Calgary regionStronger in-migration into the Calgary area will fuel housing demand and result in gains in MLS ales over the next two years, says the Housing Market Outlook report released by Canada Mortgage and Housing Corporation. Supported by strong population growth, the pace of new home construction is projected to gain traction in 2020 and 2021…

Leasing spaces faster and increasing returns

Nicole Langton of LAUNCH talks about how to offer effective project management services and creative marketing strategies

Leasing spaces faster and increasing returnsNicole Langton is principal and launch commander of LAUNCH: Commercial Space Marketing. What is LAUNCH Commercial Space Marketing and what does it do? Langton: LAUNCH is a commercial space marketing firm that works with building owners, landlords, brokers and their leasing teams to offer effective project management services and creative marketing strategies and materials to…

Calgary new multi-family market shows resiliency

Calgary new multi-family market shows resiliencyCalgary has continued to live up to its reputation of resiliency among persistent and everchanging economic headwinds with 772 new multi-family home sales recorded across all 10 sub-markets in the third quarter of 2019, which represented a six per cent increase from last quarter and an eight per cent hike from the same quarter in…

New supply outpaces Calgary industrial real estate absorption

CBRE report says the industrial market continues to see strong activity from national and multinational users

New supply outpaces Calgary industrial real estate absorptionDespite positive market fundamentals, the availability of space in Calgary’s industrial real estate market rose in the third quarter of this year due to new supply outpacing active absorption, says a report by CBRE. The third quarter “marked the 11th consecutive quarter of positive net absorption for Calgary’s industrial market,” said the report. “Although slightly…

Calgary office vacancies trending down

Avison Young report says the tech sector should play a key role in Alberta’s future economy

Calgary office vacancies trending downThe overall Calgary office vacancy has been trending down for the last 18 months, according to a new market report by Avison Young. Peak vacancy was recorded in second-quarter 2018 at 23.5 per cent, and is over a full percentage point lower at 22.3 per cent in third-quarter 2019, added the report. “While the vacancy…
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