Real Estate News

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...

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CANADA'S NEW "ANTI-FLIPPING" TAX: WHAT YOU NEED TO KNOW

Posted on Feb 28, 2023 in Real Estate News



On December 15, 2022, Bill C-32 received Royal Assent, which means that the new "anti-flipping" tax has now become law. This new rule applies to any "flipped" residential property sales occurring on or after January 1, 2023. 

What is a "flipped property"? 
A "flipped property" is a property that is located in Canada, would not otherwise be inventory o...

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Posted on Feb 23, 2023 in Real Estate News



National headlines have been talking about a housing market correction lately, and they sometimes use scarier terms like "housing crash" or "housing bust". We've seen major headlines talking about significant price declines already occurring, with stats stating a 20% or 30% price drop is on the horizon, which is jumping out to people and causing co...

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COMING SOON: DIGITAL ENERGY LABELS FOR HOMES

Posted on Feb 09, 2023 in Real Estate News



Alberta Ecotrust Foundation has partnered with Lightspark to launch the “Uncovering Real Estate Value through Digital Home Labels” pilot project that will automatically provide the first-ever digital home energy labels for all homes in Calgary and Edmonton.

Alberta Ecotrust Foundation, a charity that leads urban climate change action through their C...

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THE BAN ON FOREIGN BUYERS EXPLAINED

Posted on Feb 03, 2023 in Real Estate News



MORE DETAILS RELEASED ON THE FOREIGN BUYERS BAN:

On Wednesday, December 21, 2022 the federal government released the supporting regulations on the Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyers Ban) which includes definitions, exceptions, and enforcement elements to help individuals understand and comply wit...

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BANK OF CANADA ANNOUNCES ANOTHER RATE HIKE

Posted on Jan 25, 2023 in Real Estate News



The Bank of Canada has started the 2023 market off with a bang by announcing its eighth consecutive variable rate increase in ten months
. The 25 basis point hike isn't exactly a surprise, but this decision means the central bank's trendsetting rate is now sitting at 4.5% as the Bank of Canada continues its fight to curb inflation. The announcement...

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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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RISING POPULARITY OF BASEMENT SUITES

Posted on Feb 04, 2021 in Real Estate News



Over the years as the market has changed, so have our priorities as a society and the things that potential buyers are looking for in a home.
Basements suits have become a desirable feature across the board, and the same can be seen when looking at new Infill properties. One reason basement suites have been gaining in popularity is that there is th...

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