THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

FROM OIL TOWN TO INNOVATION CAPITAL

Posted on Aug 11, 2025 in All About Calgary



Calgary’s days of being defined solely by oil and gas are long gone. The city is in the middle of a tech transformation, and the pace is remarkable.

Over the past five years, Calgary has experienced the fastest growth rate for tech jobs in North America, increasing by 78% to employ nearly 60,000 people. In that time, the city’s tech ecosystem added...

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CITY-WIDE REZONING - 1 YEAR LATER

Posted on Aug 08, 2025 in Real Estate News


It’s been a year since Calgary approved blanket rezoning to allow rowhouses and townhomes (R-CG and similar) across all residential areas. The intent? Improve housing affordability and choice by enabling higher density.

So, was it a big change? On paper, absolutely. It’s now possible to build multi-unit infills in nearly every established neighbourh...

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HIGH DENSITY PLANS FOR MARDA LOOP

Posted on Aug 08, 2025 in Development Spotlight


Marda Loop is on the brink of transformation.
Following City Council approval, a major rezoning has cleared the way for a new mixed-use development that could dramatically reshape one of Calgary’s most well-known inner-city communities. Spearheaded by Truman Homes in collaboration with Calgary Co-op, the project proposes two 19-storey towers, an 11...

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CHEVRON PLAZA GETS A NEW LIFE

Posted on Aug 05, 2025 in Development Spotlight


Once home to energy giant Chevron, a 25-storey tower at 500 5th Ave SW is now set for a major transformation. Strategic Group, a Calgary-based real estate company known for its adaptive reuse projects, has recently purchased the building and plans to convert it into 332 residential rental units by 2027. The project marks another milestone in Calgar...

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AUGUST 2025 MARKET UPDATE

Posted on Aug 01, 2025 in Market Updates



Supply growth weighs on home prices.

Thanks to gains mostly occurring in the newer communities, inventory levels in July reached 6,917 units, a level not seen since before the pandemic and higher than long-term trends. While supply has improved across all property types and districts, the largest gains are occurring in areas where new community grow...

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SEMI-ANNUAL REPORT - 2025 Vol 2

Posted on Aug 01, 2025 in Market Reports



July 2025 - Welcome to another edition of our bi-annual market report. Here, you will find an update on current real estate market conditions, as well as current stats relating to the rental market, and other key economic indicators for our city. We will also be taking a closer look at first-time homebuyer programs and ongoing large-scale developme...

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EAU CLAIRE'S MODERN MAKEOVER

Posted on Jul 24, 2025 in All About Calgary


One of Calgary’s most iconic downtown neighbourhoods just got a major upgrade!

After years of planning, consultation, and construction, the Eau Claire Plaza has officially reopened as a vibrant new gathering space for residents and visitors alike. Once home to the Eau Claire Market, this reimagined area now blends thoughtful urban design, playful re...

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JULY 2025 MARKET UPDATE

Posted on Jul 03, 2025 in Market Updates



Gains in resale supply mostly impact apartment and row-style home prices.

Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-t...

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SAVVY HOME BUYERS ARE SHOPPING NOW

Posted on Jul 03, 2025 in For Buyers


Summer isn't usually the most popular time to shop for a new home, but there are plenty of reasons why shopping THIS SUMMER is a smart decision!

1. More Listings = More Choice

The most recent market data confirms it: inventory is finally on the rise. After years of extremely tight supply in the Calgary housing market, rising new listings—particularly...

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AVENUE'S BEST COMMUNITIES 2025

Posted on Jun 26, 2025 in All About Calgary



Avenue Magazine is back with their annual list of the best neighborhoods to live in Calgary. Without further ado, here are the communities to make the cut for 2025!

You can read the full and original article HERE

Elbow Park

A visit to Calgary’s historic Elbow Park community is a treat for the architectural senses. Along the neighbourhood's winding res...

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CREB® CALGARY SPRING 2025 REPORT

Posted on Jun 23, 2025 in Market Updates



The Calgary Real Estate Board (CREB®) has released its spring 2025 housing market update, an overview of the state of the real estate landscape in Calgary and surrounding areas. The report updates the forecast for 2025 that CREB® released in January, highlighting trends in sales, pricing, the economic forces that are currently affecting the market...

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JUNE 2025 MARKET UPDATE

Posted on Jun 02, 2025 in Market Updates


Price adjustments begin, but are mostly driven by apartment and row style homes.

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May...

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NEW GST REBATE FOR FIRST-TIME BUYERS

Posted on May 28, 2025 in Real Estate News



Big Savings Ahead: New GST Rebate for First-Time Home Buyers!

On May 27, 2025, the federal government introduced a game-changing initiative aimed at making homeownership more attainable for Canadians taking their first step into the housing market. The First-Time Home Buyer (FTHB) GST Rebate offers substantial financial relief for those purchasing o...

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MAY 2025 MARKET UPDATE

Posted on May 02, 2025 in Market Updates


Balanced Conditions Take Pressure Off Prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. While this is more than double the levels reported last year, supply last year was exceptionally low and current levels are consistent with levels we traditionally see in April. Sales in April reached 2,2...

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APRIL 2025 MARKET UPDATE

Posted on Apr 01, 2025 in Market Updates


Uncertainty is weighing on the housing market.

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 percent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest decline in higher-density segments.

“It is not a...

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MARCH 2025 MARKET UPDATE

Posted on Mar 04, 2025 in Market Updates


Sales remain above long-term trends despite declines.

Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 percent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.

The increase was driven by substantial grow...

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FEBRUARY 2025 MARKET UPDATE

Posted on Feb 03, 2025 in Market Updates


Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 percent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartmen...

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SEMI-ANNUAL REPORT - 2025 Vol 1

Posted on Feb 03, 2025 in Market Reports


After a few intense years of seller’s market conditions, Calgary’s red-hot real estate market is showing signs of entering a more balanced territory.
Although this may be disappointing for many investors, it is welcome news for local buyers, who now have many more homes to choose from and far fewer competing offer scenarios to contend with.  

Another...

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CREB: ECONOMIC REVIEW & 2025 FORECAST

Posted on Jan 22, 2025 in Market Updates


The Calgary Real Estate Board (CREB) recently released their annual market and economic review and forecast. This annual report examines the housing sector, the local Calgary economy, and other variables that impact real estate, such as lending rates and migration patterns.

Here is a look at what CREB says about the Calgary economy. If you are looki...

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CREB: 2024 SUMMARY & 2025 FORECAST

Posted on Jan 22, 2025 in Market Updates


The Calgary Real Estate Board (CREB) recently released their annual market and economic review and forecast. This annual report examines the housing sector, the local Calgary economy, and other variables that impact real estate, such as lending rates and migration patterns.

Here is a look at what CREB says about the Calgary economy. If you are looki...

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JANUARY 2025 MARKET UPDATE

Posted on Jan 02, 2025 in Market Updates



The year ended with 1,322 sales in December, a three percent decline over last year, but nearly 20 percent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.

“Population gains over the past several years have...

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Phone: 403-800-0760

info@urbanupgrade.ca