Calgary rental vacancy rate soaring

"Community Profile: Varsity CREB®Now Archive "SHIFT conference promises opportunity to "experience the future of Calgary" Cody Stuart / CREB®Now "Beyond the MLS® System Getty Images "Waterfront's Eleven Next to Sien Lok Park and Chinatown, Anthem’s Waterfront development will consist of 11 buildings with more than 1,000 units when completed. Photo rendering courtesy Anthem "Energy is Money Jesse Row sees new energy efficiency programs as a way to save people money while boosting the economy. Photo by Adrian Shellard / For CREB®Now "Urban living, Currie style With 5700 residential units and 245,000 square feet of retail space expected, Currie is being described as a mini downtown. Photo courtesy Canada Lands Company "Thinking inside the box Calgary’s Ladacor Advanced Modular Systems is turning unused shipping containers into affordable housing solutions. "Socialize with trees Jeannette Wheeler is a believer in the power of trees to improve our urban lives. "Go West David Brown, CREB® President 2017. "Suburban financial market faces significant challenges John Savard, principal office leasing specialist with Bedrock Realty Advisors says suburban market especially hard hit in the City’s south end. "Too much of anything "Rethinking Calgary's car culture Walkable neighbourhoods, like Sunnyside, improve a community’s vibrancy and quality of life. "There's something about Chestermere Known for its lake, Chestermere's people are what make it an amazing place to live. Photo courtesy City of Chestermere "Pop-up goes the store Amy McGregor, retail associate with Barclay Street Real Estate, says the pop-up retail trend is becoming more popular in the city. Photo by Adrian Shellard/For CREB®Now "New Normal Walkable spaces with retail located moments from your door, Melcor’s newest development, Greenwich, is expected to be a draw for young urban professionals and those looking to downsize. Photo courtesy Melcor Development "Poised for growth Jon Mook, executive vice-president of industrial division for Barclay Street Real Estate, said absorption in Calgary's industrial sector ended the year in a positive position, and vacancy has turned the corner. Photo by Wil Andruschak/For CREB®Now "Tearing down trade walls Industry experts believe proposed drywall tariffs will eventually be passed onto homebuyers, adding about $1,000 to $2,000 to the price of a home. "Rinse and repeat Richard Cho, pricipal market analysis for Calgary with CMHC, expects rental vacancy rates to hover around seven per cent in 2017. Photo by Wil Andruschak/for CREB®Now "Domino effect Town of Cochrane economic development manager Mike Korman believes Cochrane’s population will grow by about three to four per cent, and building starts will maintain 2016 levels. Photo by Wil Andruschak/For CREB®Now "Renters' market Housing industry officials expect conditions to favour the renter in 2017 much like it did in 2016. CREB®Now photo "On the road "2016 CREB® President Cliff Stevenson CREB® president Cliff Stevenson. Photo by Michelle Hofer/for CREB®Now "55 Years of Calgary Real Estate: 1985 CREB® President Jim Moore Past president Jim Moore now spends his time as CEO and executive director of the Dream Centre. Photo by Michelle Hofer/For CREB®Now "55 Years of Calgary Real Estate: 1988 CREB® President Jerry Roberts Former CREB® president Jerry Roberts said the Winter Olympics in 1988 represented a turning point for Calgary and its real estate industry. Photo by Michelle Hofer/For CREB®Now "Q&A with CREB® chief economist Ann-Marie Lurie CREB® chief economist Ann-Marie Lurie expects the market to turn around in 2017, but doesn’t expect conditions to return to long-term trends. Photo by Adrian Shellard/For CREB®Now "2016 year in review While final numbers have yet to be reported, CREB® expects Calgary’s housing market to have behaved by year’s end as first forecasted. At the end of November, sales in the city had declined by slightly more than six per cent, while benchmark price had fallen just under four per cent to $333,318. CREB®Now photo "Q & A with CHBA-UDI's Marissa Toohey Marissa Toohey, manager of government relations and committees for the Calgary Region at CHBA - UDI Calgary Region Association, believes there is not a single solution that will solve affordable housing. Photo courtesy Marissa Toohey "Reaching for the sun An example of a double-skin facade that could address solar challenges in multi-storey buildings., according to Caroline Hachem-Vermette, an assistant professor of architecture in the Solar Energy and Community Design Lab at the University of Calgary’s Faculty of Environmental Design. Illustration courtesy Caroline Hachem-Vermette. "Road smarts Yeatland Wong, senior engineer for intelligent transportation systems with the City of Calgary, at the traffic management centre along Spiller Road S.E. Photo by Wil Andruschak/For CREB®Now "The upside of carbon tax The provincial Residential No-Cost Energy Savings Program will supply and install — at no charge — simple products that save energy in homes such as LED light bulbs, efficient showerheads and faucets and various other components. "'Tis the season Joe Jacobs, president of Mortgage Connection Inc. in Calgary, said the best way to qualify for a mortgage is to decrease or eliminate other debts. Photo by Adrian Shellard/For CREB®Now "Runway ready One of the trends to be explored at the Renovation Runway will be the strong influence of Nordic design, whether it be through Scandinavian wallpaper, lighting, or the kind of hardwood used. Photo courtesy Wicket Blue Interiors. "Foreign interest in apartment sector unchanged: report "Healthy homes, healthier people "Back to school "'Wave of the future' CHAC steering committee members. From left, Sarah Woodgate (City of Calgary), Jyoti Gondek (Haskayne School of Business), Kevin McNichol (Calgary Homeless Foundation), Beverly Jarvis (CHBA-UDI Calgary Region Association), Kim O’Brien (Horizon Housing Society), John Harrop (Attainable Homes Calgary Corporation), and Jennifer Arntfield (City of Calgary). Photo courtesy CHAC "Future of housing Canadian Home Builders’ Association-Alberta CEO Donna Moore said one of the organization’s top concerns when it comes to the development of a national housing strategy is to address affordability for first-time buyers.. Photo by Adrian Shellard/For CREB®Now "November sales slide into old patterns Year-to-date detached sales have declined by three per cent compared to last year, said CREB®. CREB®Now file photo "Winter is coming "Canmore tackles affordability The Town of Canmore is planning to look at three proposals that would turn the four-acre (1.6 hectare) Moustache Lands site into employee housing and/or purpose-built rentals. Photo courtesy Town of Canmore.