Ask anyone who lives in the community of Scarboro what makes it so special and you will get a variety of answers.
“It’s hard to put a pin in it,” said resident Kate Morisset. “There is just this real sense of connectivity.”
Housing affordability has been the talk of the nation in recent years, especially as tighter mortgage regulations and higher borrowing costs have started to impact housing markets across the country.
A recent report by RBC Economic Research indicates that Calgary’s housing market isn’t out of reach for many potential homebuyers, especially when compared to the Vancouver and Toronto markets, as well as the Canadian average.
Densification is a buzzword now in the real estate industry, and it’s certainly on the minds of many policy makers in cities across Canada, including Calgary.
If you travel to cities around the world, you will see firsthand how the other half lives, so to speak. More people are living close together in those global cities.
GROW condo in Bankview conjures memories of home for Christopher Stephanou
There is much to be said for the convenience and upbeat vibe of the inner-city lifestyle. Walkability, connectivity and short commute times are just a few of the pluses. When you add on the sustainable amenities that promote a sense of community and communal living, the attractiveness soars even further. That’s why 30-year-old Christopher Stephanou jumped at the chance to purchase a one-bedroom condominium at GROW, a 20-unit, multi-family project located in the heart of Bankview.
How Calgary’s housing market stacks up against other major centres
When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back and examine things in a broader context to provide points of comparison. This dose of perspective helps one to remember that while $400,000 might seem like a lot to ask for a detached home in one city, in another major metropolitan area, people might be hard pressed to find a home for less than twice that amount. (more…)