Calgary Real Estate Market News

Found 25 blog entries about Calgary Real Estate Market News.

It’s investment time people! As mentioned in previous posts the Green Line is… well it’s kind of all over the place. The good news is that each step brings us closer to knowing what neighborhoods in Calgary will see new transit stations, and when!

With 14 out of the proposed 28 stations approved for the first phase of construction, we finally have some insight on how you can benefit from this multi-billion dollar construction deal. By December 2024, stage 1 will nearly be complete. That may seem like a long timeline but smart investors know that with each coming year, real estate prices will match the increase in demand for these sought after neighborhoods.

The question is, how can you get a piece of the deal? The ideal investment is a tricky

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Our favorite topic of the day/week/month/year/decade... Calgary’s Green Line project has some new updates! Don’t get exited just yet, as we said before and we will say again, nothing is ever set in stone.

 

Today’s news comes straight from city council. On Tuesday, council passed a vote 12-3 approving the green line route and stations despite raised concerns with project costs and funding. Mac Logan, the city’s general manager of transportation stating “This line will shape the city for over a century. I’m absolutely sure of that.”

What’s next? Ward 12 Councillor, Shane Keating, claims the province was waiting for this vote before making any commitments to help fund the project. With Nenshi claiming that indicators from the province have been

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Whether you are thinking about owning in downtown or already do, these are the top 5 reasons why owning an inner city townhouse is a great investment in today’s real estate market.

1. Affordability

Attached homes in downtown Calgary are an amazing alternative to detached living, especially in Calgary’s inner city. At a fraction of the price for a detached home, buyers can find more value dollar for dollar on a spacious townhome. On the flipside, long-term investments in Calgary’s city center have a massive potential for appreciation. Without spending a fortune on a detached home, or being adversely affected by the oversaturation of apartment real estate, townhome owners are living best of both worlds

2. Maintenance Free Lifestyle

Enjoy

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Our favorite topic of the day/week/month/year/decade... Calgary’s Green Line project has some new updates! Don’t get exited just yet, as we said before and we will say again, nothing is ever set in stone.     Today’s news comes straight from city council. On Tuesday, council passed a vote 12-3 approving the green line route and stations despite raised concerns with project costs and funding. Mac Logan, the city’s general manager of transportation stating “This line will shape the city for over a century. I’m absolutely sure of that.”   What’s next? Ward 12 Councillor, Shane Keating, claims the province was waiting for this vote before making any commitments to help fund the project. With Nenshi claiming that indicators from the province…
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Underdeveloped and over-budget. Can you guess what it is? Claimed to be ”one of the biggest public transit infrastructure projects in, actually, North America” by Marc Logan, Calgary’s general manager of transportation, the Green Line LRT project is becoming a headache for anyone who chooses to listen.

Just a few short months ago, the City of Calgary announced changes for the Green Line LRT project. What were these changes you ask?

Money and Location

Originally budgeted for $4.5 billion, the city announced the budget had increased to $4.65 billion. Now $150 million may not seem like a lot when you think of the scale of the project, but the city also announced this increased budget would only cover less than half of stations originally

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“Reduce, Reuse, Recycle, Compost” is the new 3 R’s of recycling some of us learned in our early years of school. In an effort to achieve city council’s goal of keeping 70% of materials of out of city landfills by 2025, the City of Calgary has launched the Green Cart program city-wide. Starting earlier this month and completing by the end of August 2017, single-family homes across the city will receive their new, full-sized Green Cart. Residents will receive everything they need including: Green Cart, kitchen pail, starter supply of compostable and paper yard waste bags, as well as instruction guide and collection schedule.

Rolling out this program means an estimated 85 million kilograms of food and yard waste will be kept out of landfills every

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Luxury homes are apart of that sweet, rich, American dream. They showcase outdoor tennis courts, home movie theaters, elevators, glorious kitchens, and they're chock full of luxurious appliances. Calgary, as a top Canadian city, holds some of the finest properties in Canada. Homes of this caliber are all unique in style and amenities, and the rich city culture combined with stunning mountain views brings the unique Calgarian twist. Investors, international buyers, and Canadians alike are looking to take advantage of the weak economy, especially in Alberta's vulnerable state. So, if you’ve recently inherited lot of money, looking to spoil yourself, or are simply curious of the possibilities, check out these luxurious Calgary homes.

Kestrel Ridge

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manhattan lofts

Recently, the Beltline community of Calgary has been apart of Nenshi’s 1st St major rejuvenation plan, giving the community more classy, uptown status. 1st Street runs right through the heart of the Beltline, and is undergoing updates to make the area feel modern while maintaining its historical roots.

One of the biggest construction projects on first street that was completed just a little while ago is the 1st St SW Underpass. This underpass has the highest pedestrian use of all Centre City at 9,500 pedestrians per day, and it was in major need of a renovation.The CP Railway continues to travel overhead, with aesthetically historic CPR architecture alongside it.

1st st sw underpass,

The project enhancements included

-new sidewalks and guardrails
-improved

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calgary greenline, beltline greenline, calgary lrt, Calgary

*Screengrab courtesy of The City of Calgary's Website.

 

What do the words green and belt have in common? Attach the word ‘line’ at the end of each and they become important pieces of infrastructure within the city of Calgary. The now most favourable route for the upcoming Green Line LRT construction will be mostly underground tunnels. While the fully tunneled option is certainly the most expensive- and will therefore have the most strain on taxpayers pockets- it’s an investment that will be well worth it in the end outcome. A big concern for city designers was making as minimal an impact as possible on the urban charm of areas like Inglewood and the Beltline while still making the stations accessible. There is expected to be two stops which

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pipe, pipeline, TCP, transcanada pipeline

 

Donald Trump. Whether you love him or hate him, the man is officially President, and one of the first moves he’s made in office is the reimplementation of constructing the Keystone XL Pipeline. While Trudeau and Notley may be thinly veiling their environmental concern and approving the pipeline’s go-ahead, Trump’s move will bring Alberta what we’ve been waiting for: Jobs. The Calgary Real Estate Board’s 2017 Forecast explained in detail how Calgary has suffered from the shocking 10% unemployment rate, from the dramatic net migration outside of the Calgary city limits to the tightened economic budgets cross-province. Mayor Nenshi has even been quoted saying that Calgary currently has the highest unemployment rate of Canadian cities.

The

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