My first home

W. Brett Wilson
Courtesy Heather Fritz

W. Brett Wilson

Well-known Calgary entrepreneur and former Dragons’ Den investor panelist W. Brett Wilson vividly remembers the first home he bought in Calgary.

The joy and pride of first-time homeownership for his young family will always be embedded in his mind, as well as the work he put into the home.

However, that first home is also a reminder of the infamous National Energy Program, which sunk Alberta’s economy and caused plenty of financial pain for Albertans during the early 1980s.

(more…)

Read More

The worst is over

Economic growth forecasts paint cautiously optimistic picture for Calgary housing market

Calgary’s housing market lives and breathes based on the whims of the city’s overall economy.

While the city had an impressive gain of 6.9 per cent in economic growth in 2017 compared to 2016, according to the Conference Board of Canada, the economic engine will slow down this year and in 2019.

(more…)

Read More

Lacklustre luxury

High-end housing market continues sluggish recovery, but slow sales bump up supply 

As a former long-time writer with the Calgary Herald focusing on the real estate beat, I knew how popular coverage of the real estate industry was to readers.

One aspect of the industry people always loved reading about was the city’s luxury home market. So, I was curious how the high-end segment of the housing market has been faring lately.

Year-to-date sales – up to the end of April – of $1-million-plus properties totalled 204 transactions, which is down slightly from 211 during the same period a year ago, says Ann-Marie Lurie, chief economist with CREB®.

(more…)

Read More

Down but not out

Downtown office market begins bounce back

People who have lived and worked in Calgary for a long time know that the downtown office market is a great barometer of what’s happening in the city’s overall economy.

For the past couple of years, record vacancy rates in the heart of the city have made headline news, not only in Calgary, but nationally.

However, a recent report by commercial real estate firm Avison Young suggests we’ve hit the bottom and there’s nowhere to go but up.

(more…)

Read More