Calgary commercial-to-residential tax growth leads nation

We continue to see several cities across Canada shifting the burden of property taxes to business owners: Altus Group

Calgary commercial-to-residential tax growth leads nationA report on Monday from Altus Group  says that for the second consecutive year, Calgary saw the largest ratio increase among 11 Canadian cities surveyed for the 2019 Canadian Property Tax Rate Benchmark Report. The report looks at the ratios between commercial and residential property taxes across the country. Altus Group is a leading provider…

Startup Edmonton partnering with Microsoft to help new ventures scale

Collaboration will leverage organizations' shared goal of nurturing and growing the startup ecosystem in Edmonton

Startup Edmonton partnering with Microsoft to help new ventures scaleStartup Edmonton is partnering with Microsoft for Startups Canada, Microsoft's global startup program available in Canada and designed to help startups scale with access to technology, mentorship and business benefits. “Through various joint initiatives, events, and access to tech tools, Startup Edmonton's community of innovators will benefit from Microsoft for Startups expertise and resources. That…

Commercial taxes a burden in Calgary, Edmonton: report

Property taxes should reflect the level of services used by ratepayers: Fraser Institute

Commercial taxes a burden in Calgary, Edmonton: reportThe commercial property tax rates in Calgary and Edmonton are two to three times higher than residential rates, with little rationale, says a report released on Thursday by public policy think-tank the Fraser Institute. The report said businesses in the two cities pay much higher property tax rates than residents, which can lead to businesses…

Calgary region sees largest decline in new home prices

Calgary region sees largest decline in new home pricesIn August, Calgary (-2.2 per cent) and Regina (-2.1 per cent) posted the largest year-over-year declines in new house prices for the third month in a row, says Statistics Canada. “Elevated housing inventory levels continued to affect new house prices in both CMAs. Canada Mortgage and Housing Corporation reported that single-family housing starts declined year…

Calgary, Edmonton home prices continue to slide

Sales activity in Calgary has increased as buyers take advantage of lower prices, according to Royal LePage

Calgary, Edmonton home prices continue to slideThe inventory of homes for sale has tightened as home buyers take advantage of Calgary's affordability. And in Edmonton, home prices are declining as the market correction continues, according to the Royal LePage House Price Survey released on Thursday. The report said the aggregate home price in Calgary decreased 4.3 per cent year over year to…

Edmonton, Calgary housing starts jump in September

Edmonton, Calgary housing starts jump in SeptemberSome impressive numbers were released on Tuesday indicating that September was a good month for homebuilders in the Calgary and Edmonton regions. According to statistics from Canada Mortgage and Housing Corp., the Edmonton census metropolitan area saw single-detached housing starts of 403 for the month, up nine per cent year over year. The ‘all other’…

Calgary, Edmonton repeat home sale prices still falling

Calgary, Edmonton repeat home sale prices still fallingPrices for repeat home sales in Calgary and Edmonton remain close to six per cent down from their peaks, according to a report released on Thursday. The Teranet–National Bank National Composite House Price Index indicated that in August, prices in Calgary were down 5.9 per cent from their peak in October 2014. In Edmonton, they’ve…

Calgary, Edmonton renters’ rent-to-income ratio high

Report says the average rental rates declined in Canada for the second month in a row after two straight months of increases

Calgary, Edmonton renters’ rent-to-income ratio highCalgary is in the middle of the pack for rental rates in Canada, according to a new report. The city sat 17th on the list of 30 cities for average monthly rent for a one-bedroom home at $1,242 and 19th for average monthly rent for a two-bedroom at $1,479. The September National Rent Report was…

Huge gap in Calgary, Edmonton benchmark home prices

CREA says the average price of a home in Alberta will dip 2.3% this year to $378,000 and drop again by 1.2% in 2020 to $373,700

Huge gap in Calgary, Edmonton benchmark home pricesHow big are the differences in home prices between Alberta’s two biggest cities? Data released on Monday by the Canadian Real Estate Association shows there is an almost $100,000 difference in the benchmark prices of homes in Calgary and Edmonton. The MLS benchmark price – which is considered to be that of a typical home…
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