Category: Uncategorized

An office-to-residential conversion project in downtown Calgary, The Cornerstone, is now open. It is the first completed project under Calgary’s Downtown Development Incentive Program, aiming to bring people to live downtown and add space to the housing market. The building offers 112 two and three-bedroom apartments, with 70% already leased. It includes suites for lower…

The benchmark home price in Strathmore rose nearly 12% in May, reaching $439,300. Cochrane also saw an increase of over 10%, with a benchmark price of $568,200. Airdrie had a 10% growth to $549,600, despite a 7% decline in sales. Chestermere's benchmark price reached $702,300, up almost 8%, with sales down 6% and new listings…

Sales in Calgary's resale market cooled in May due to increased supply, with 3,092 sales, down 0.8% from last year. However, condominium sales surged by 19%, setting a new record. Despite more listings, home prices rose 9.5% year over year to $605,300, with row homes increasing by over 19% to $462,500. Detached homes remained the…

Housing affordability in Calgary declined with the average home price reaching $587,100, up $6,200 from the previous month. A household income of $120,000 is now needed to buy a home in Calgary, up by just over $1,000. Despite this, Calgary remains more affordable than Vancouver or Toronto, but the gap is narrowing rapidly. In comparison,…