Calgary's trusted source of real estate news, advice and statistics since 1983.
Stories Tagged - suburban
News
May 14, 2020 | Cody Stuart
Garage makeover: unique properties call for unique staging
When it comes to staging a home, the best advice is usually to make it look like you'd want to live there. But what do you do when you're staging a space that will be home to vehicles rather than people?
News
Feb. 16, 2017 | Kathleen Renne
Fringe benefits
Suburban condos appeal to those looking for good value
After renting a condo in Marda Loop for the past ten years, Kerri-Lyn Ouellette is moving: She's buying a condo in the suburbs. Her choice? Hopewell Residential's Sandgate development in Mahogany.
"Marda Loop isn't affordable for a single woman with a middle income. Condos in the suburbs, however, are affordable," said Ouellette, adding that Sandgate condos start in the $190s range.
Ouellette says market conditions played a primary role in her decision to buy now.
After renting a condo in Marda Loop for the past ten years, Kerri-Lyn Ouellette is moving: She's buying a condo in the suburbs. Her choice? Hopewell Residential's Sandgate development in Mahogany.
"Marda Loop isn't affordable for a single woman with a middle income. Condos in the suburbs, however, are affordable," said Ouellette, adding that Sandgate condos start in the $190s range.
Ouellette says market conditions played a primary role in her decision to buy now.
News
Jan. 10, 2017 | CREBNow
Positive traction
Real estate officials expect conditions to support turnaround in downtrodden commercial market
Calgary's commercial real estate market is showing signs it is finally moving on from tough economic conditions that sent vacancy rates soaring and rents plummeting over the past two years, say officials.
''There is a sense in the market that the worst is behind us and that conditions will gradually improve," said Joe Binfet, managing director/broker of Colliers International in Calgary.
Calgary's commercial real estate market is showing signs it is finally moving on from tough economic conditions that sent vacancy rates soaring and rents plummeting over the past two years, say officials.
''There is a sense in the market that the worst is behind us and that conditions will gradually improve," said Joe Binfet, managing director/broker of Colliers International in Calgary.
News
Dec. 08, 2016 | Joel Schlesinger
Healthy homes, healthier people
Pilot planning initiative puts public health front and centre of new community development
A stretch of Nose Creek that straddles Calgary's northwest and northeast quadrants may now be only home to scenic, rolling grassy hills.
But soon enough, about 9,000 city residents could being calling it home sweet home, along with 21,000 jobs, as planning is underway to develop a community with residential, commercial and industrial opportunities.
Most notably, however, is this community, once built, will be one of city's healthiest places to live, work and play.
A stretch of Nose Creek that straddles Calgary's northwest and northeast quadrants may now be only home to scenic, rolling grassy hills.
But soon enough, about 9,000 city residents could being calling it home sweet home, along with 21,000 jobs, as planning is underway to develop a community with residential, commercial and industrial opportunities.
Most notably, however, is this community, once built, will be one of city's healthiest places to live, work and play.
News
Oct. 27, 2016 | Jamie Zachary
Suburban creativity
Commercial landlords thinking outside of the box in wake of high vacancy rates
Landlords in Calgary's suburban office market continue to display increasing creativity in the face of rising vacancy rates that are not expected to stem any time soon, says a new report.
In a third quarter report issued earlier this month, Barclay Street Real Estate noted the overall vacancy rate in suburban Calgary rose by
1.1 per cent from the second quarter to 22.3 per cent. Research director Anthony Scott attributed the slight increase to the introduction of new inventory that came to market with significant unleased space.
Landlords in Calgary's suburban office market continue to display increasing creativity in the face of rising vacancy rates that are not expected to stem any time soon, says a new report.
In a third quarter report issued earlier this month, Barclay Street Real Estate noted the overall vacancy rate in suburban Calgary rose by
1.1 per cent from the second quarter to 22.3 per cent. Research director Anthony Scott attributed the slight increase to the introduction of new inventory that came to market with significant unleased space.
News
Aug. 22, 2016 | Joel Schlesinger
Boomers making their mark
Condo developers respond to 'downsizing' needs
As the largest segment of the population in North America, baby boomers have shaped our world more than any other age group. And their impact on housing is profound.
Now, while this generation, born between 1946 and 1964, is becoming increasingly gray, the real estate industry is responding to their needs for housing.
Many developers in Alberta are turning their attention to high-density high-rises in centrally located neighbourhoods to reflect boomers' demand for stylish, worry-free living, said Parham Mahboubi, vice-president of planning and marketing at Qualex-Landmark — a Vancouver-based development firm which is the force behind Park Point in the Beltline along 12th Avenue S.W.
As the largest segment of the population in North America, baby boomers have shaped our world more than any other age group. And their impact on housing is profound.
Now, while this generation, born between 1946 and 1964, is becoming increasingly gray, the real estate industry is responding to their needs for housing.
Many developers in Alberta are turning their attention to high-density high-rises in centrally located neighbourhoods to reflect boomers' demand for stylish, worry-free living, said Parham Mahboubi, vice-president of planning and marketing at Qualex-Landmark — a Vancouver-based development firm which is the force behind Park Point in the Beltline along 12th Avenue S.W.
News
Feb. 16, 2016 | Alex Frazer Harrison
Suburban resilience
Commercial market outside the core still active
Calgary's suburban commercial market is bucking the trend and chugging along in the face of Alberta's current economic downturn, say industry experts.
"The perception is that all commercial real estate is facing challenging times, but the reality is our industrial market and our suburban office market and our retail market are very resilient," said Colliers International managing director and broker Joe Binfet.
"And, while I wouldn't say robust, I would say active."
Calgary's suburban commercial market is bucking the trend and chugging along in the face of Alberta's current economic downturn, say industry experts.
"The perception is that all commercial real estate is facing challenging times, but the reality is our industrial market and our suburban office market and our retail market are very resilient," said Colliers International managing director and broker Joe Binfet.
"And, while I wouldn't say robust, I would say active."
News
Jan. 12, 2016 | Lindsay Holden
Space to spare
Commercial vacancy rates represent market outlook
Nearly one out of five floors in the office towers that make up Calgary's famous skyline now sit empty, according to CBRE, which anticipates vacancy rates to increase further in 2016.
"Oil and gas companies on every level – from junior start-up to intermediate to major companies – everyone has gone through some form of layoff and therefore and have excess space," said Greg Kwong, managing director at the commercial real estate services firm.
Calgary's downtown office market ended 2015 with vacancy rates topping 17.4 per cent – nearly double from 9.8 per cent in 2014, according to CBRE's 2016 Commercial Real Estate Market Outlook.
Nearly one out of five floors in the office towers that make up Calgary's famous skyline now sit empty, according to CBRE, which anticipates vacancy rates to increase further in 2016.
"Oil and gas companies on every level – from junior start-up to intermediate to major companies – everyone has gone through some form of layoff and therefore and have excess space," said Greg Kwong, managing director at the commercial real estate services firm.
Calgary's downtown office market ended 2015 with vacancy rates topping 17.4 per cent – nearly double from 9.8 per cent in 2014, according to CBRE's 2016 Commercial Real Estate Market Outlook.
News
May 06, 2014 | CREBNow
City ready to accommodate suburban growth of 114,000 people
Calgary has enough serviced and zoned land to accommodate an expected 114,000 people in the next five years.
In a new growth forecast and according to land supply numbers released by the City, there is enough serviced land with approved zoning for 18,846 single-family homes and 26,793 multi-family units.
In a new growth forecast and according to land supply numbers released by the City, there is enough serviced land with approved zoning for 18,846 single-family homes and 26,793 multi-family units.