Too much of a good thing

High supply in Calgary’s condo market continues to push down prices Calgary’s condominium market continues to see the supply of available product overwhelm buyer demand, meaning owners looking to sell need to consider ways to set their unit apart from the crowd. According to CREB®’s 2017 Economic Outlook & Regional Housing Market Mid-Year Update, the […]

Targeting tenants

Challenges continue for Calgary’s rental market “Very cautious optimism” is how Gerry Baxter, executive director of the Calgary Residential Rental Association, describes the industry’s view of Calgary’s current rental landscape. While Canada Mortgage and Housing Corp. (CMHC) pegged Calgary’s rental vacancy rate at seven per cent last fall – the highest it’s been in more […]

Trickle-down effect

How economic indicators actually drive the housing market What do unemployment, migration and oil prices have in common? Apart from being touchy subjects at a party, they all influence the Calgary housing market to some extent. Understanding how and why that happens could provide an advantage when planning a home sale or purchase. “In many […]

Mid-year market update shows stability

CREB® forecasts a process of recovery for the remainder of 2017 The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion. “Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” […]

The auction block

It’s the latest real estate trend and it’s catching on quickly in Alberta – selling luxury properties on the auction block. Although selling real estate through an auction process might seem like a new idea here in North America, Murray Lange, Alberta and British Columbia business development officer for New York-based Concierge Auctions, says the […]

Defining luxury

Opulence, extravagance, and splendour are words typically used to describe homes of the rich and famous. Those words also apply to Calgary with its fair share of what are considered luxury dwellings. Historically, Calgary’s luxurious locales have been inner-city neighbourhoods like Britannia, Mount Royal and Rideau Park – established areas characterized by large lots and […]

Look of luxury

While many people have grand aspirations when it comes to the aesthetic of their home, not everyone has the money to pay for a beautifully designed luxury home or a series of expensive renovations. Thankfully, there are a number of quick and easy ways to achieve a luxurious look in any room without the luxury […]

The sky’s the limit

Posh three- to eight-car private garages, $270,000 kitchens, expansive and multi-leveled outdoor living spaces, private elevators, 24-hour concierge service, plus million-dollar, park or water views — it’s all typical of Calgary’s new luxury condo market. Today’s luxury is all about “location, location, location,” spread across established inner-city neighbourhoods from Eau Claire’s The Concord (where a […]

Design diaries

In 2016, Alykhan Velji Designs celebrated 10 years of award-winning design, décor and lifestyle experience. Known for creating timeless spaces that combine modern and classic trends, the company’s designs are personalized for both residential and commercial clients. “Nothing makes me happier than to create spaces my clients love and that reflect their personalities,” said principal […]

Ahead by a century

Peppered with century-old birch and popular trees, the southwest neighbourhood of Britannia offers old-world charm and a magical esthetic. The community is bounded by Elbow Drive to the east, the winding banks of the Elbow River to the north and west, and 50th Avenue to the south. According to Bridget Cronin, who grew up in […]