Calgary real estate mogul Bob Dhillon has built a successful business across Western Canada with Mainstreet Equity Corp., which owns and manages thousands of rental properties.
His business has its roots on the residential side of real estate, and it all started when he bought his first home in Calgary, fixed it up and sold it for a profit.
Net migration figures point to housing market bounce back
It’s been a challenging year for Calgary’s resale housing market, which is still feeling the effects of two recession years in 2015 and 2016.
While the economy has rebounded, it has been at a slow pace, and this has been evident in the real estate industry. As of the end of June, year-to-date MLS® System sales in the resale market totalled 8,553 units, down 17.1 per cent in the city compared with the same period a year ago.
Tom Westcott, CREB® president
In 2018, CREB® welcomes longtime Calgary REALTOR® and industry veteran Tom Westcott as the organization’s new president. Westcott sat down with Kathleen Renne for CREB®Now to talk about his career in the industry, his passion for real estate and his thoughts on the Calgary housing market in 2018. (more…)
Calgary’s commercial real estate market could be poised for a rebound in 2018
All eyes will be on Calgary’s commercial real estate market this year, with hopes that the downtown office sector, which continued to struggle in 2017, will rebound in 2018.
The office market has grabbed everyone’s attention over the past three years, as vacancy rates have soared to historically high levels following the collapse of oil prices and the subsequent waves of layoffs that ravaged employment ranks in downtown Calgary. Thousands of people were cut loose, and a vast amount of office space suddenly became vacant in the downtown core.
