Real Estate News

FEDERAL BAN ON FOREIGN INVESTMENT IN CANADIAN REAL ESTATE

Posted on Oct 26, 2022 in Real Estate News



On June 23, 2022, the Canadian federal government passed the Prohibition on the purchase of residential property by non-Canadians Act. Coming into force January 1, 2023, this Act:

  • Does not apply to Canadian citizens and permanent residents.
  • Applies to non-Canadians directly or indirectly purchasing residential property in Canada for a period of two y...

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MOVING TOWARD NET ZERO HOMES

Posted on Aug 31, 2022 in Real Estate News



WHAT IS NET ZERO?


Net Zero [noun]
net-ze·ro | \ ˈnet-ˈzē-(ˌ)rō

:: A target of completely negating the amount of greenhouse gasses produced by human activity, to be achieved by reducing emissions and implementing methods of absorbing emissions (like excess carbon dioxide) from the atmosphere.

CALGARY’S GOAL: NET ZERO BY 2050

In November 2021, Calgary de...

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WHAT RISING INTEREST RATES MEAN FOR YOU

Posted on Aug 05, 2022 in Real Estate News



If you follow the housing or economic markets, or if you are affected personally by the recent interest rate hike, you've heard the Bank of Canada raised its key lending rate by a full 1% or 100 basis points last month. While most experts predicted a 0.75% increase, the 1% jump shocked many.

The bank made the biggest one-time increase to the benchma...

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CALGARY RANKS IN TOP 10 AFFORDABLE CITIES!

Posted on May 20, 2022 in Real Estate News



Calgary has been ranked in the top 10 of the world's most affordable cities!

According to the Urban Reform Institute’s Demographia International Housing Affordability Study, Calgary ranked 10th out of the 92 cities included in the survey.

Calgary’s affordability, which was based on numbers taken during the fourth quarter of 2021, was up slightly, pos...

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A GUIDE FOR LOCAL AREA PLANNING

Posted on Sep 17, 2021 in Real Estate News



Growing without a plan is like driving without a map: You may reach your destination, but don’t count on it. As it charts a course for growth, the City of Calgary is counting on its Guide for Local Area Planning to help communities find their way forward.“Two years ago, we were looking at our development goals and found that many communities didn’t...

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WHY IS THE MARKET BOOMING?

Posted on Apr 05, 2021 in Real Estate News



After experiencing a lull in the market following the pandemic's start almost a year ago,
we are now seeing record-breaking sales and seller’s market conditions nearly across the board. Historically, boom times for Calgary real estate occur when we have large amounts of in-migration coupled with strong local economic conditions - neither of which w...

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