Category: Uncategorized
-
Are Airbnb rentals eating up Calgary’s housing market? No, says StatCan report
A recent Statistics Canada report indicates that short-term rentals like Airbnb constitute a small fraction of Calgary's housing market, with only 1,846 units available as potential long-term dwellings, representing 0.33% of the total housing supply. This is below the national average of 0.69%. Experts suggest that short-term rentals are often misunderstood and play a role…
-
Calgary Housing Sales Surge to 5-Month High | Please check out our video.
New listings continued to outpace sales in higher-priced markets, with inventories expanding even in busy markets like Calgary.In Calgary, June saw a surge in sales activity, reaching a 5-mo high on a seasonally adjusted basis.
-
Calgary: Fastest-Growing City Attracts Renters | Please check out our video.
Calgary's rental market is lucrative due to a robust economy, population growth, and favourable rental regulations.Calgary's rental vacancy rate is forecasted to drop to 1% by 2025, indicating strong demand.
-
Home Sales in Calgary Tick up, but Yearly Decline Persists | Please check out our video.
The recent rate cut by the BoC is believed to be a contributing factor to the uptick in home sales. Home sales in Calgary ↓ 12.8% yearly in June 2024, totalling 2,738 units sold.
-
Two Spots Near Calgary Have Homes Under $572K! | Please check out our video.
Housing sales in Calgary ↓ 13% yearly to 2,738. Over 40% of homes sold in Calgary exceeded their list prices, indicating a competitive market.
-
Check out my listing Address: 251 19 Avenue NE
Great revenue or holding property within minutes of downtown. Charming inner-city bungalow on quiet street with amazing access to downtown. 2007 renovations include kitchen, and flooring throughout. Two bedrooms and one flex room down make perfect use of this cute house. The oversized single garage is a massive open space with a high ceiling and…
-
There’s just one area in Calgary with benchmark detached home prices under $550K
Only one area in Calgary has a benchmark detached home price below $550,000, with East Calgary at $529,567. The overall benchmark price for a detached house in Calgary is $760,200, showing a 13% yearly increase. The market favors sellers due to increased demand and limited supply, especially for homes priced above $600,000. Migration surge has…
-
Early Summer Calgary Home Sales Data | Please check out our video.
June Sales Decline: Home sales ↓ 12.8% yearly, with 2,738 properties sold. Higher Than Long-Term Trends: Despite the drop, sales ↑ 17% higher than long-term monthly trends.
-
Is the Calgary Housing Market Leaving First-Timers Behind? | Please check out our video.
First-time buyers in Calgary face challenges amidst rising home prices and limited affordable options. The benchmark price for single-family homes hit a record high of ~$762K, up 13% annually.
-
How The City Of Calgary’s New $60M Housing Capital Initiative Will Work
The City of Calgary has initiated a $60M Housing Capital Initiative to aid housing partners in securing extra funding. Eligible applicants are registered charities or non-profit organizations with housing project experience. The funding targets specific projects like new residential units and conversions, with a cap at 30% of project costs. Affordable rental units and mixed-use…