The aggregate price of a home in Calgary is forecast to increase six per cent year-over-year to just over $600,000 in 2022. Sources say global economic conditions are resulting in a boost in energy prices, making Alberta an inviting place to live.
The Omicron variant could also play into 2022's pricing surge. Companies may consider delaying any return-to-work policies, with the most prominent example being large tech firms such as Apple, as recently announced last week. One’s home and one’s workplace may be one and the same for the foreseeable future.
Building optimism in Calgary's Market: Infills such as the one pictured above are as common as ever. A new 113 unit proposal on Mission Road, a new Brookfield proposal for 22 rowhouse building, and a CMLC designed Arts Commons expansion are just a few of the new projects that have been revealed in the past week
These conditions, in addition to a limited inventory, are expected to result in a "brisk" market for the city of Calgary. It may be some time until we see a buyer's market in the city.
Calgary is attracting young Canadians looking for affordable homes, desirable job opportunities and a modern, balanced lifestyle. Residents and prospective homebuyers look to infrastructure projects such as the new stadium and the Green Line as a sign of continued growth and optimism in Calgary’s Real Estate market.
As a home seller in Calgary's Market, the single most important action you can take is to price your home right.
Many sellers are inclined to overprice their properties as a method of "trying things out," believing that they can always lower the price later, but overpricing will scare potential buyers away.
If you overprice your home, you run the risk of alienating potential buyers who would otherwise make an offer. Homes that are priced correctly will sell faster and for less money, generating more buyer interest and increasing the likelihood of multiple offers.
Red flags include overpricing and underpricing. You're either not serious about selling or you're in a hurry to sell. You'll have an advantage against sellers who don't understand the value of a well-priced home if you use fair market value.
A Market Evaluation is a free service that can assist you in determining the actual value of your property. A Home Evaluation is a free, simple, and obligation-free service that assesses your home's condition, location, and recent market value to provide a listing price.
You can start the process on my website instantly, and we can follow up with you for the next steps. Click here now!
You will now be able to live inner city without needing to share hallways with your neighbours for the first time! This totally unique condo complex features an open court yard that allows lots of natural light to filter into the main rooms of the building.
Living in the stylish community of Sunalta, you'll approach your enormous corner house through a spacious entryway that has a large closet and is perfect for entertaining. In the following two rooms, you will find your second bedroom and second bathroom.
There is a bright and spacious open concept living and dining space, as well as a kitchen. The elevated breakfast bar leads us into the kitchen, which is outfitted with maple cabinetry and elegant stainless-steel appliances that are within easy reach. In addition, you can simply access the grill on your south-east balcony from here.
The spacious primary bedroom with a full ensuite features vessel sinks, and the primary walk-in closet completes this area, which also includes in-floor suite heating. Store your belongings in the lockable storage locker provided, and park in the secure, heated underground parking garage.
A highly sought inner-city location, this home is close to shops, banks, cafes and restaurants as well as high schools and colleges, SAIT and Co-op, as well as the Bow River, make it an excellent choice. Access to walkways, 17th Avenue, Crowchild Street, 14th Street, and the Sunalta LRT station are all within walking distance. Even though there is a lot going on, the neighbourhood is calm and serene. With many shops and businesses opening their doors nearby, Sunalta is the up and coming inner city neighborhood to watch! Don't wait any longer, contact to schedule a viewing today!
Interest is largely driven by the relative affordability of Calgary compared with major centers like Toronto.
The situation garnered national attention this past month after the Bank of Canada raised concerns about speculative buying driving up prices. One-quarter of all purchasers in Ontario had previously purchased a home, implying that they are speculative investors.
Over the same period, the market share for first-time buyers has been flat, as has that of buyers moving from one home to another. The report notes the shift could be caused by a reduction in foreign investors because of a speculation tax for non-residents.
The benchmark resale price for an apartment condominium in Calgary is about $252,000, compared with $700,000 in Toronto.
Developers and architects in Calgary such as MODA are creating some very compelling condo's like we've never seen. We can't show you these exclusive posted but can you link you to the source HERE
Institutional investors are aiming to diversify their portfolios beyond Vancouver, Toronto, and Montreal by investing in Alberta's booming multi-family properties. He claims that buying condominiums in Calgary would result in more rentals in the market and assist to alleviate the glut of inner-city condos.
How can local Calgarians compete with these investors? We've seen some legislation that serves to open up a portion of units to local buyers. Realtors are often also able to negotiate with developers when they open up the first phases of pre-sales.
You can also follow us on YouTube for our upcoming special on Real Estate Investment, we will explain how anyone can get in on property investment, not just huge companies!
In 2021, Calgary real estate is expected to climb by 3% to slightly over $470,000. Upsizing and first-time buyers are driving demand house sales. These purchasers choose single-family homes.
In Calgary, the average starting price for a luxury home is $750,000. The current condo supply in the city is 7 months, and this is unlikely to alter in the next 1-2 years. Last year, the most popular areas for home sales were Northern, Southern, and Northern/Central Western Calgary.
Because of their closeness to amenities and transit, the North Central and South Central neighbourhoods of Calgary will remain popular in 2021. In Calgary, the number of new houses being built is sufficient to meet present demand, and new home prices are very competitive. We foresee robust national house price gains as a result of the significant re-location trend in the Canadian housing market.
A persistent and broad housing supply shortage will almost probably endure, creating obstacles for buyers and driving up prices. In early 2022, relocating buyers from other cities and provinces will continue to boost market activity. 52 percent of Canadians believe real estate will be a smart investment in 2021.
Cost: $1000-$3000 (depending on house size, paint product, and labor)
Buyers are looking for neutral hues like white, beige, or soft grey throughout. We’ve been hearing more and more how it is a turnoff for buyers when each room is a different color. Several well placed accent walls may be a good idea, but keep in mind you cannot predict the taste of buyers.
2. Flooring Revamp
Average $750 for a single room to 5 figures for outfitting a large home with a luxury product.
Buyers may prefer a homogeneous flooring look. Experts say many customers anticipate hardwood or synthetic vinyl hardwood.
Whatever is in your home, we would prioritize removing outdated carpet, such as brightly colored carpet, and worn carpet.
If you are just replacing certain sections, make sure it complements the other existing floor. Do not mix two types of hardwood, or a synthetic hardwood and a real hardwood. Do not mix two different wood grains, styles or colors in close proximity.
3. Kitchen Cabinetry: Before selling your home, take advantage of some of Calgary’s low-cost kitchen retrofitting contractors.
Costs range from $500+
We still recommend white, simple, sleek kitchen designs. There are a few contractors in Calgary who specialize in quickly updating dated kitchen cabinetry. If the kitchen contains different colors, painting the walls white will help lighten the room. New hardware, such as hand pulls, can also enhance kitchen cabinets.
4. Replace old kitchen appliances
Start with the fridge and stove, and then consider adding other appliances like dishwasher, wine fridge, etc. There are some great scratch-and-dent appliance stores in Calgary provide excellent value for updating your homes appliances.
Do you need to explain to guests the one weird trick you need to do to make sure your dishwasher does not spill water everywhere? Definitely not something a buyer is going to want to deal with.
5. Detail cleaning professionals may pay for themselves.
Bathrooms, garages, carpets, tile grout, whatever it may be, you should really just pay attention to what your Realtor suggests in terms of cleaning. If you invest time into removing stains and grit that may have actually been there since before you can remember, buyers will notice.
Need some cleaning tips? Other ideas on how to boost curb appeal, or need to know how to revamp your property before selling? Drop us a line!
If you have been wondering about this area and the housing that it offers, take a quick look through our guide as we show you some of the best options for housing in this community.
Coach Hill is a wonderful neighbourhood with plenty of parks and walking paths, as well as panoramic views with its hills, trees, and mature green space. Every year, more and more restaurants open their doors, and the view from the top of the hill is breathtaking.
Access to downtown from the Bow Trail is faster then entering the core from other quadrants, and the planned Stoney extension makes other trips possible throughout the city that would have taken much longer in the past.
Streets are peaceful, with huge lot sizes, lots of green space, and walking routes as well as other amenities. Nearly every amenity you could need is within a 10 minute drive.
With lots of new development happening to the west, there are now many more shops, restaurants and amenities available in the West Springs/Cougar Ridge region. You have the option to travel inner city for unique urban fare or boutiques, or you can travel out to the suburbs to visit movie theatres, big box stores and family restaurants.
Coach Hill is also a notably safe community. Historically, this community has had some of the lowest crome stats in the city.
There’s also rumors that Telus or Shaw/Rogers fibre may be expanding to the neighborhood soon.
Coach hill has a lot of townhouses, attached housing and apartment options, as well as single family houses of varying lot sizes. Let’s look at some of the biggest complexes in the area
Large townhomes with attached garages and additional parking slots are available in plenty at this great complex. Many people will enjoy the unfenced backyard spaces that give kids tons of room to roam around and play. Two-storey end units with a Double Master/Double Ensuite floor plan are available in some of the two-storey end units. An attractive Common Area featuring a gazebo, green area, and walking routes can be found within this condominium building's grounds. With outstanding management and many of the utilities included in the condo fees, Quinterra is a neatly maintained apartment development.
Coach Hill Manor
This is a great value oriented option in Coach hill with pricing appropriate for many first time home buyers. We love the huge winding path down the main stretch of the courtyard. Earlier in the year we listed a property here, and found that the low condo fees, accessible location and surprising amount of space present in these units made for a great buy.
Most of these units have great balconies and get a great amount of sunlight. They also include basements (No promises on whether they are finished - this may a great project for you to take on!). Given the age of the complex we found that some of these units are freshly rennovated. Coach Hill Manor is definitely one of the first places we would check for fantastic value in this community.
You can't mention Coach Hill without pointing out Odyssey Towers. Given that they are situated on top of one of the highest points in the city, these iconic towers are visible from afar all over the city, so it goes without saying that this complex has some of the best views of the entire city. Each unit has great sprawling panoramic windows, and many units have had a modern refresh of the interior.
This complex is known for having unique amenities, being in great shape, and being well managed. If you ever get a chance to vist the lobby you will find a totally unique the conservatory-style indoor garden that greets you as you step inside.
We recently features a property from this great development on YouTube, here is Ron Garneau's tour of a newly renovated unit in this complex.
If you're interested in learning about this particular unit, check out Ron's blog post here.
Another great value for the area and size, Coachway lane offers peace of mind with many recent updates such as new siding and a great management company in place.
Coach Bluff Crescent Townhomes
These unique townhomes have an A-Frame, Canmore inspired feel to them and despite their striking appearance, interesting architectural style and relatively secluded location, the pricing is not out of reach to the average homebuyer in the city. If you're looking for something very unique in this part of the city, these units rarely come up on the market and you must take a tour of one if you get a chance.
Homes for sale in Coach Hill
There is a large variety of detached homes in Coach Hill.
Coch Hill features some very nice single family homes, many of which include a front facing garage. Given that angular rooflines were popular in the late 70's to early 80's when many of these were built, vaulted ceilings are common. There are also lots of walkout basements and lot sizes that are quite a bit larger than newer communities. The trees in the neighborhood are maturing to gradually form a nice canopy over certain areas. To the far east of the community there are some newer homes with larger floorplans but smaller lots, these have a great view as they overlook the view of the city lookiung east of Sarcee trail.
If you are interested in learning more about this community, contact us today! If you need help narrowing down your home search to find an area that is perfect for your family, we are always happy to help.
Stakeholders in office-to-residential conversions claim that such projects are an important component of Calgary's strategy for absorbing surplus office space. Conversions are faster than new buildings and are marketed as a means to get more people into the city center. Proponents argue that redoing rather than razing saves energy and resources.
Canada’s office real estate market has faces many challenges over the past 2 years with the highest vacancy rate seen since the mid 90’s.
Approximately six million square feet of downtown Calgary must be leased, transformed, or modified in order to stay competitive. Despite all the discussion of office conversions, just a few conversions have taken place.
Condo conversions face stiff competition from increasingly vibrant and innovative inner city condo projects.
Those searching to buy a unique home in Calgary’s downtown looking for opportunities may have to wait a while for more to come along. Among those conversions already completed, The Westley Hotel has been built on the former location of Birchcliff Energy Ltd.'s headquarters. In 2019, the CUBE building, a recent office-to-residential conversion, opened its doors. Sierra Place is a $30 million affordable housing development that will open in 2022.
Because it is near to public transportation and across the street from a food store, the CUBE building was an ideal showcase and proof of concept to demonstrate that such conversions are a viable option to Calgary’s real estate market. According to architect Ken Toews, many buildings are too long or too broad to be considered for office conversion.
In September, the firm obtained a pledge from the city for an eventual $7.5-million in financing, and they are presently going through the application process with the city.
According to CBRE regional managing director Greg Kwong, office-to-residential conversions are part of Calgary's goal to diversify the city's economy. The technique, according to Kwong, "won't alter the course of history, but it will assist."
At this time, we would encourage property investors and home buyers alike in Calgary to watch this trend keenly, but know that many of these projects are simply a proof of concept to demonstrate the possibility of such conversions to investors and regulators. Those looking for immediate options in the Inner city can find a wealth of great conventional options on the market already.
Newly appointed CEO Darshpreet Bhatti feels the LRT project's obstacles aren't insurmountable. Homeowners, investors and those looking to buy a home in the far reaches of Calgary’s North and Southeast and watching with great anticipation about the future of the project.
Regular Calgary commuters can attest to the struggles of commuting through congested areas and slow public transit, but the Green Line, along with the currently under-construction Stoney Trail Ring Road show the city is ready to tackle these challenges and make even the most far-flung communities accessible and easily reachable to the rest of the city.
Calgary Planners claim that the new Green Line LRT and C-Train will remove tens of thousands of cars from currently congested roads for years to come, and improve the potential for more communities and developments both on the city’s fringe, and also in the inner city where density is constantly rising.
Darshpreet Bhatti became the project's new public face last summer. His duties include fostering strong connections with stakeholders along the Green Line route and contractors designing and building the project.
Homeowners and those affected by the Calgary Greenline have recently expressed concerns about the technical hurdles of creating a two-kilometre CTrain tunnel beneath the city. The tunnel can be constructed, he says. We must be aware of the hazards and handle them properly since the soil conditions in downtown Calgary are not optimal for our job," said Bhatti.
The project appears to present a win-win scenario for property investors in Calgary.
Inner city residents such as those in Tuxedo Park, Crescent Heights, and Thorncliffe will reap the benefits of the added value of this line, as will those in Southeast communities such as Silverado and Auburn Bay. But those looking for new homes in Calgary’s far north such as Evanston, Kincora, and brand new Livingston and Carrington, may have to wait as long as an additional 5 years for the line to reach their homes.
Even homeowners in the far outskirts, such as those living north of Symons Valley Road, will be able to make use of the long term benefit of this project.
It remains to be seen exactly how long these residents will be waiting for this project: In the inner city subway sections, Calgary’ geography poses unique challenges. Since a tunnel boring equipment cannot be utilised to create the line underground, the more traditional "cut and cover" approach will be employed.
The downtown tunnel will run from Victoria Park's transit bus barn beneath the Beltline, under the Canadian Pacific railway, and below Second Street S.W. to Eau Claire. The municipal government is in the process of arranging the sale of homes from those living in lots adjacent to utilities, stations and other facilities needed for the construction.
He stated public awareness is crucial since this would be a significant nuisance, Calgarians need to remember that such a project would be like “conducting open heart surgery” in one of the most sensitive and busy areas of the city’s core.
Engineer Bhatti relocated to Calgary from Ontario, where he worked on LRT projects. He formerly worked for Metrolinx as vice-president of the Ontario LRT line in Brampton/Mississauga and the Waterloo LRT/BRT project.
The Green Line will still be updated and managed regularly by the council's new executive committee.
If you're thinking about incorporating this opportunity as part of your investment strategy, make sure to drop us a line and we can help you strategize further.
What can city planners, real estate experts, and municipal governments do to revitalize and reinvent the concept of suburban living? The solution is to attract both youthful talent and retired baby boomers to an urban centre. Suburban expansion and different land use zoning presents a challenge for planners.
Alpine Park by Dream Unlimited, which formally launched its first seven of 13 show homes recently, is expected to eventually be home to more than 12,000 residents.
Winner of awards such as the J.C. Nichols Prize for Visionaries in Urban Development, Calthorpe is a renowned leader in New Urbanist developments.
Looking back at Calgary’s past, century-long efforts to create the most productive, efficient, and delightful living environment for people have culminated in suburban design. Regardless of your personal views on urbanity, which is typically reduced to two opposing factions, the metropolis is a great engine for economic and cultural advancement.
Among Alpine Park’s features considered in line with New Urbanism are architecture with front porches, wide paths set back from the street, innovative green court park systems, and extensive tree planting effort and protection of existing environmental tree stands.
With streets have sidewalks on both sides with the treed boulevard, not only is walkability and community at the forefront of design, but it puts space between the car and the pedestrian, lending to a more human scale environment.
Calgarians are looking for progressive, modern takes on suburban living that carries the same privacy and freedom that comes from owning land on the outskirts of the city, with the benefits of walkability and community that come from traditional urban centers.
“It will include things like grocery, pharmacy, all of your daily needs will be shopped for or accessed from there,” she adds. Curated restaurants and a coffee shop will be part of the mix, as well.
The community will have six major parks that are all connected, as well as a centralized higher density urban core. The idea is for people to go out, play and find that next park. Its home styles include single-family homes with rear laned and street-oriented garage configurations with lot widths ranging from small to larger.
In the 1960s, 1970s, and 1980s, Suburban living came to define American views towards cities and communities. Everything centred on the vehicle — the lifeblood that unites disparate land-use patterns.
Calgarians have watched parts of downtown, historic districts, and walkable mixed-use zones have been demolished to make room for parking garages, highways, and interchanges. Now, as Canadians return from suburbia to the urban lifestyle, new social and cultural pressures are mounting on the nation's downtowns. Alpine Park is a great example of this shift of an attitude, and we’re excited to see more.
“This area is so close to downtown — 20 to 25 minutes,” Steell says. “You’re off to Kananaskis in 30 minutes. It’s kind of the best of both worlds."
The neighborhood truly helps Canadians live the urban lifestyle in a suburban setting.
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