Urban Upgrade & NewInfills - Recent Articles

2023 HOLIDAY FOOD DRIVE SUCCESS!

Posted on Dec 19, 2023 in Team News

THANK YOU to everyone who participated in our 8th Annual Holiday Food Drive and attended our Client Appreciation Holiday Party!

Once again, we are blown away by the generosity and giving spirit of our clients! Despite challenging economic times and record inflation rates, so many of you have shown us your willingness to give back even when times are...

DECEMBER 2023 MARKET UPDATE

Posted on Dec 01, 2023 in Market Updates

New listings in November reached 2,227 units, nearly 40 percent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low than...

CANADA'S PLAN TO COMBAT HOUSING AFFORDABILITY

Posted on Dec 01, 2023 in Real Estate News

On November 21, 2023, the federal government of Canada unveiled its 2023 fall economic statement, with promises of new spending to help build affordable homes, support renters, and clamp down on Airbnbs. What exactly does the government have in store, and how do they plan to combat the housing affordability problem that is plaguing the minds of Can...

RADON EXPLAINED: HOW IT WORKS

Posted on Nov 27, 2023 in For Homeowners

In a recent blog post, we talked about whether your new home is at risk for radon, what radon is, and what to do if your home tests positive for high levels. If you haven't read it yet, we encourage you to start here for the big picture on what radon is and why it should be taken seriously. In this article, we're going to explore the ways radon ent...

THE DOs & DON'Ts OF COMPETING OFFERS

Posted on Nov 20, 2023 in For Buyers

So, you've been tirelessly searching for that perfect property and finally found it! Excitement builds, and you start to plan your offer, when suddenly you learn that yours is not the only offer on the table. You are going to be competing against other buyers interested in the same property as you.

Finding yourself in a competing offer situation ca...

CALGARY Q3 2023 MARKET UPDATE

Posted on Nov 17, 2023 in Market Updates

City of Calgary, Nov. 17, 2023 - The Calgary Real Estate Board (CREB®) has released its Q3 2023 housing market report, providing a comprehensive overview of the real estate landscape in the City of Calgary and surrounding areas. The report showcases trends in sales and pricing, offering valuable insights for industry professionals and prospective h...

NOVEMBER 2023 MARKET UPDATE

Posted on Nov 01, 2023 in Market Updates

October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 percent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options d...

ALL ABOUT CALGARY'S GREEN LINE LRT

Posted on Oct 27, 2023 in All About Calgary

All aboard the Green Line! Ok, it may be a few years before we can board Calgary's highly anticipated Green Line, but rest assured planning and construction are well underway. With the City's population expected to double by 2076, this is a vital infrastructure project that will help maintain the quality of life we've all come to love and expect. A...

CREB HABITAT FOR HUMANITY BUILD DAY 2023!

Posted on Oct 26, 2023 in Team News

At Urban Upgrade & NewInfills, it's not always about buying and selling real estate!

From time to time, we try to take a break from the hustle and bustle of everyday real estate life and get out there to do something good for the city we love. This past week, 5 of our team members volunteered at CREB's Habitat for Humanity Build Day to support Calga...

EDMONTON PASSES HUGE RESIDENTIAL ZONING CHANGES

Posted on Oct 25, 2023 in Real Estate News

It's making local headlines, but if you haven't heard, Edmonton passed its latest revised zoning bylaw. In a city council vote of 11-2, the majority voted in favour of ending so-called "exclusionary" zoning, which limited many residential zones to single-family only. Starting next year, Edmontonians will be able to build 3-storey apartments, townho...

PROPOSED DEVELOPMENT AT GLENMORE LANDING

Posted on Oct 20, 2023 in Development Spotlight

A recent City News article has reported the City of Calgary is considering the sale of Glenmore Landing parkland to make room for additional housing. For many reasons, this isn't sitting well with a lot of residents of SW Calgary. Parkland is viewed by many as almost sacred and shouldn't be overtaken by construction and housing, regardless of the e...

WHY TOWNHOME CONSTRUCTION IS BOOMING

Posted on Oct 16, 2023 in Real Estate News

We've talked a lot about Calgary's housing crisis this year, and we're starting to see more and more ramifications as 2023 is winding down. The latest shake-up relates to the decline of demand for single-family homes and the increase of demand in townhomes and multi-units. Row house construction is up 37% in Calgary as builders and buyers alike see...

OCTOBER 2023 MARKET UPDATE

Posted on Oct 03, 2023 in Market Updates

Calgary home sales hit record highs in September, with 2,441 sales, yet supply remains a challenge. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12 percent lower than last year's levels.

New listings also improved this month compared to last year and relative to sales. This caused the sales...

CANADIANS FLOCKING TO ALBERTA

Posted on Oct 02, 2023 in Real Estate News

Canadians are flocking to Alberta from their home provinces in never-before-seen numbers. Statistics Canada has estimated 184,400 people have migrated interprovincially into Alberta since this time last year, up over 4%, bringing the total population to 4.7 million. While other provinces, including Ontario, Manitoba, and Saskatchewan, also saw an i...

ARE WE AT RISK OF RENTAL CONTROLS?

Posted on Sep 22, 2023 in Real Estate News

Rent in Calgary is becoming unaffordable for many local residents and newcomers alike. With our beloved city now experiencing a housing crisis due to lack of inventory and strong demand, many renters have been feeling the pinch. Rental rates have gone up approximately 40% in the last few years (depending on property type), but wages/earnings have n...

CALGARY'S PLAN FOR THE HOUSING CRISIS

Posted on Sep 07, 2023 in Real Estate News

We're facing the hard truth right now that Calgary is in a housing crisis. The city is experiencing a critical housing shortage, creating affordability issues and beyond. Many people are finding it difficult to obtain shelter, both rental and purchase, and if they can find a place, being able to afford it has become a bigger obstacle than usual. Pl...

SEPTEMBER 2023 MARKET UPDATE

Posted on Sep 01, 2023 in Market Updates

Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 percent compared to last year.

While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained...

CALGARY Q2 2023 MARKET UPDATE

Posted on Aug 16, 2023 in Market Updates

CREB, August 2023 - The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing. As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-t...

AUGUST 2023 MARKET UPDATE

Posted on Aug 01, 2023 in Market Updates

Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 percent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have d...

JULY 2023 MARKET UPDATE

Posted on Jul 04, 2023 in Market Updates

The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels.

Notably, there has been a positive trend in new listings, provi...

JUNE 2023 MARKET UPDATE

Posted on Jun 01, 2023 in Market Updates

Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.

At the same time, we continue to see fewer new listings on the market than last year, causi...

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