Keeping it interesting

Interest rates, economic uncertainty impacting Calgary market

For Calgarians Matt and Vanessa Haug, the stars aligned when they decided to purchase a new home in southeast Calgary.

The couple cited low interest rates and competitive house prices behind their decision to act now rather than wait – a sentiment slowly emerging since energy-sector uncertainty took hold in Calgary’s housing market late last year.

“We got 2.69 [per cent] on a five-year fixed rate. It definitely impacted our decision,” said Matt, who also cited house prices behind their decision to buy and noted the lower rate did not impact how much they ultimately spent on their new home. (more…)

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Real estate investment still favourable in Calgary

Keys are low vacancy rates, positive net migration

nolanThe perfect storm for long-term real estate investing in Calgary continues  to build steam despite low oil prices and fear mongering by industry  naysayers.

In fact, the six market rules Mortgage360 talks about in its Cash Flow Club meetings – which cover market vacancy rates, employment, rental rates and net migration – are still being met, even though some would have you believe the proverbial real estate sky is falling. (more…)

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A unique city

Calgary distinctive in offering both metropolitan and acreage luxury

Calgary’s housing market has evolved to include a luxury segment offering buyers just about anything their hearts desire, suggested a local industry expert.

“We have those individuals who want to experience the city life, so that’s the downtown metropolitan living,” said Mary-Ann Mears, managing broker with Sotheby’s International Realty Canada. (more…)

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Stacking up

Still plenty of activity coming to Calgary’s commercial sector

Dueling industry reports are challenging expectations of how active Calgary’s commercial market will be this year in wake of ongoing energy sector uncertainty.

Commercial real estate firm Cushman & Wakefield indicated in a recent study that Calgary’s development cycle has “come to an end.” It noted in the first quarter, the downtown office market alone experienced negative absorption of 1.2 million square feet, the largest quarterly decline in the city’s history. (more…)

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