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.

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Living the high life

Crescent Heights residents enjoy beautiful views and diverse amenities in the inner city

Perhaps one of Calgary’s most beautiful neighbourhoods, Crescent Heights is a photographer’s dream. Situated on a staggered bluff overlooking downtown to the south and the Rocky Mountains to the west, the community is peppered with two-century-old elm trees that create whimsical canopies along the streetscapes.

“We’ve lived in the neighbourhood for more than five years and the view just doesn’t get old,” said Victor Gallardo. “I’m always thinking how lucky I am to have my everyday running route include a spectacular view of downtown and the mountains.”

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Living the high life

Patricia and Michael Insole went from renters to buyers and never looked back

For Patricia and Michael Insole, timing was everything when it came to purchasing their penthouse condo in Calgary’s inner-city Beltline neighbourhood.

They weren’t really looking to buy a home, but when the building where they were renting became a condominium conversion, they jumped at the chance to purchase. They gathered a down payment, borrowing from family and friends, and purchased their 1,700-square-foot condo on the 15th floor. (more…)

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