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Downtown Calgary is rebounding according to CBRE Canada Market Outlook 2024. The downtown vacancy rate is projected to decrease to 27.9% in 2024, ↓ from a historic high of 32.4% in 2022.

Triumphs And Challenges: A Spotlight On Calgary Office Conversions discusses the successes and difficulties faced in converting office spaces in Calgary. Continue to full article

High borrowing costs and limited inventory pose challenges for solo buyers or those dependent on a single income. Condo apartments are positioned as the most affordable property type for first-time home buyers or single-income buyers.

Renting a home in Calgary is expected to become less available and more expensive in the next two years, with average rates projected to approach Toronto's. The rental vacancy rate is predicted to decrease, leading to substantial increases in average rent prices. Despite a growing rental universe, population growth and high interest rates are pushing…

February home sales in Calgary ↑ ~23% yearly, totaling 2,135 units. New listings are also ↑ 13.6% to 2,711, while inventory ↓ ~14% yearly.

1. Low ROI: – Many renovations don't pay off in increased home value, resulting in a potential loss of money. 2. Nothing Wrong: – If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.

Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring more construction and aiding rental market relief.

Time-Saving Expertise : Buyer agents streamline your search, saving you valuable time. Negotiation Advantage : They secure you better deals, often exceeding expectations.

Set a timeline: Start prepping your home well before you plan to list. Determine upgrades: Take on only projects your house really needs not everything.