Eastern charm

Yorkville will bring a taste of Toronto to Calgary’s southwest

Rumour has it that a new residential community in Calgary’s deep southwest takes its name and heritage from an upscale and eclectic inner-city Toronto borough with oodles of history.

Yorkville, the brainchild of Mattamy Homes, is designed around a family friendly outdoor lifestyle that promotes active and healthy living – the kind of lifestyle that cultivates connectedness and interaction.

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Density dilemma

Study finds major Canadian cities have room to improve when it comes to densification

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.

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Compare and contrast

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…)

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Foreign interest in apartment sector unchanged: report

National activity down from 2015, but consistent with 2014, says CMHC

Foreign ownership of condominium-style apartments in Calgary this year is unchanged from a year prior and continues to represent a small proportion of the total market, according to a new report.

In a recent briefing, Canada Mortgage and Housing Corp. (CMHC) noted foreign buyer activity in the city’s apartment sector represented 0.9 per cent of all activity in 2016. That’s down from 1.1 per cent in 2015, but up from 0.2 per cent in 2014.

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