REAL ESTATE NEWS

IS CALGARY AT RISK FOR 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...

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...

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...

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...

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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