UrbanWarrior
Senior Member
Montreal being a majority francophone city doesn't equate to diversity either. Somewhat exotic (to us), possibly. Certainly not equating to "diverse", and certainly not significantly more so than us.
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- Thread starter Davidackerman
- Start date
gsunnyg
Senior Member
Here's what to expect from Calgary's rental market this year: report | Urbanized
Rental demand has decreased due to the economic impact of the pandemic, oil sector job losses, restricted immigration, and continued rise in rental supply.
dailyhive.com
"There has been a rising vacancy rate in the city, with downtown Calgary having the largest vacancy increase at 8.8% last year compared to 3.4% in 2019."
Ouff that's not good. Hopefully, it's just a short-term blip, but with people looking to get back into owning thanks to low rates as well, the lagging immigration numbers, I can see there being a slow down in newer rental projects.
Home sales, particularly SFH sales have been strong the last half of 2020, and really strong the last three months. The housing market, has quietly taken off, and that could be part of it. I don't have stats handy, but a realtor friend told me for sale housing stock of all types has been dropping. There have been quite a few sales where they went for above listing.Here's what to expect from Calgary's rental market this year: report | Urbanized
Rental demand has decreased due to the economic impact of the pandemic, oil sector job losses, restricted immigration, and continued rise in rental supply.
"There has been a rising vacancy rate in the city, with downtown Calgary having the largest vacancy increase at 8.8% last year compared to 3.4% in 2019."
Ouff that's not good. Hopefully, it's just a short-term blip, but with people looking to get back into owning thanks to low rates as well, the lagging immigration numbers, I can see there being a slow down in newer rental projects.
Patrick.1980
Active Member
Sellers’ market emerges as more homes purchased above list price in Calgary
Resale homes figures for Calgary from January were already pretty sensational, but it’s the last two weeks of the traditionally slowest month of the year that reall…
calgaryherald.com
The market has picked up in Calgary and across Canada. Part of it is pent up demand due to covid.
potatopizzafan
Active Member
JonnyCanuck
Senior Member
This spike in sales is limited to detached/townhouses. There is a glut of condos on the market so we will not see any new high rises planned in the short to medium term.
Disraeli
Active Member
Condo sales are up by quite a bit across the inner city. It wouldn't surprise me if there were a few starts if sales continue at this pace.
darwink
Senior Member
Any price moving yet? Thinking of dumping my 2 bed, 1 bath, two underground heated parking spots, 800 sqft condo soon
Disraeli
Active Member
Some positive movement on pricing for condos (finally) but it varies by neighbourhood
https://www.creb.com/Housing_Statistics/Housing_Data_Map/
You can look by neighbourhood and housing type
https://www.creb.com/Housing_Statistics/Housing_Data_Map/
You can look by neighbourhood and housing type
Morshed
Active Member
JonnyCanuck
Senior Member
You know the housing market is hot in Calgary when you have bidding wars going on in surrounding communities. A guy I work with looked at 4 houses in Strathmore and 3 in Langdon. All had multiple offers on them.
Cowtown
Senior Member
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Calgary’s cure may mean more condo market pain
A plan to convert an oversupply of office space to residential use comes just as the downtown condo market is recovering
www.theglobeandmail.com
darwink
Senior Member
It will be so slow that it doesn't exactly matter. In any case, the condo market and rental market have been decoupled for a bit. Need a vacancy squeeze to couple them again. A couple hundred units of non-market rate housing isn't going to change that — and the city WILL NOT be providing subsidy to market rate housing.
Disraeli
Active Member
Yay for another hot take article.
Cowtown
Senior Member
Bow Tower sells for $1.67BN This is surprising to me. I thought with a high vacancy rate it would be a lot cheaper, but I suppose they still have the original lease agreement which runs to 2038.
calgaryherald.com
The Bow office tower sold in $1.67B deal
H&R REIT said it sold two million square feet of office space in the distinctive, 58-storey downtown property to Chicago-based Oak Street Real Estate Capital.
calgaryherald.com