REAL ESTATE NEWS

KEY CHANGES TO THE R-CG ZONING BYLAW

Posted on Sep 05, 2024 in Real Estate News

Blanket rezoning was passed (with amendments) on a 9-6 vote earlier this year, and it is now officially in effect as of August 6th.

WHAT DOES THIS MEAN?

R-CG is now the citywide base low-density residential zone.
R-G is now the base low-density residential zone in developing areas.
H-GO zoning has been implemented in areas identified in approved Local...

NEW SECONDARY SUITE INCENTIVE PROGRAM

Posted on Jun 15, 2024 in Real Estate News

If you're considering adding a legal secondary suite to your home or future home, we have news for you! The City of Calgary is working hard to combat the housing crisis and provide more housing for Calgarians, both veterans and newcomers, by offering an incentive to encourage and assist homeowners in building legal secondary suites. The Secondary S...

CALGARY PASSES CITYWIDE RE-ZONING BYLAW WITH AMENDMENTS

Posted on May 15, 2024 in Real Estate News

Blanket rezoning has been passed with a 9-6 vote, but with some amendments to the original proposal. On Tuesday, May 14th, a record-breaking City Council meeting adjourned after 16 days leading to the long-awaited decision from Calgary's lawmakers. Rezoning has been a hot topic since it was first proposed in 2023, and as suggested by the longest ev...

LONGER AMORTIZATION AVAILABLE FOR FIRST-TIME HOMEBUYERS

Posted on Apr 24, 2024 in Real Estate News

The news that the federal government will now allow a 30 year amortization period -- instead of 25 -- for certain first-time homebuyers has Canadian families breathing a sigh of relief. With the current housing market putting home ownership out of reach for so many, this change coming into effect August 1, 2024 will open up the doors for Canadians...

GOVERNMENT CANCELS FIRST-TIME BUYER INCENTIVE

Posted on Mar 01, 2024 in Real Estate News

There's a change coming for prospective first-time homebuyers in Canada. The Canada Mortgage and Housing Corporation (CMHC) says it is ending the First-Time Homebuyer Incentive program (FTHBI), a plan that was meant to help reduce monthly mortgage payments. In a nutshell, the government offered a loan of up to 10% of the purchase price, which would...

CALGARY LUXURY MARKET OUTPACES LARGER MARKETS

Posted on Feb 22, 2024 in Real Estate News

Calgary seems to be the star of the show these days when it comes to real estate trends and records, and the luxury homes market is no different with Calgary coming out on top in 2023! While other major city centres, such as Toronto, saw a decline in luxury home sales, and Canada as a whole plateaued, Calgary soared. Luxury home sales over $1-milli...

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