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Welcome to the Weekender!
For reasons I probably don’t need to rehash, it might feel like March 2020 never ended. Yet, somehow, March 2021 is only a couple days away. I would say spring is almost here, but “spring” doesn’t usually arrive in Calgary until May, so we’re all going to have to sit tight for a little bit longer. Thank goodness for chinooks.
Anyways, I’ve got a full slate of real estate news and analysis for you this week, so without further ado, let’s get to the good stuff!
This week in CREB®Now
This unique Upper Mount Royal home was at one point owned by Canada’s 11th prime minister, Richard Bedford Bennett, but he never lived there. Read the full story to find out why!
The School of Public Policy at the University of Calgary recently published a paper detailling how office-to-residential conversions could help ease the burden of high vacancy rates in the downtown Calgary office market. Check out the story to learn more about how these projects work and see examples of adaptive reuse in action.
Sales of detached homes in the Calgary area have been booming lately, but the same can’t be said of homes in the apartment condominium market. Find out how local developers are shifting gears with their latest projects to stand out from the crowd and attract discerning buyers.
If you live in a condo or townhome and you can hear your neighbours’ every move, it might not be their fault – it might be your shared wall. Read on to learn more about STC ratings and how a highly rated partition wall can keep you, and your neighbours, happy.
new york city baby pic.twitter.com/Q9EEfQDPq8
— Carrie Wittmer 👻 (@carriesnotscary) February 23, 2021
- Rocky Mountain Outlook – Virtual meeting explores concerns, opposition to proposed Three Sisters Mountain Village development
- CBC Calgary – Adventure-heavy scavenger hunt keeps Calgarians occupied in Bridgeland
- Toronto Star – ‘An unexpected prize for young Canadians’: How the pandemic helped a wave of first-time home buyers get into the market
- Mortgagebrokernews.ca – Sales activity and prices continue to climb in formerly sleepy Prairie real estate markets
- CBC Business – Bank of Canada warns buyers of ‘early signs’ of overheating in housing market
- Financial Post – Posthaste: Remote working could slash companies’ office real estate footprint by as much as 30 per cent
- CBC Business – It’s a renters’ market for businesses that believe the office will make a comeback post-pandemic
- Fast Company – Ikea pioneered cheap, disposable furniture. Now it’s discouraging it
- Toronto Star – Thinking of buying a house with a friend or family member and living with them? Here’s how
- Better Dwelling – Canadian Mortgage Rates Most Likely To Climb, Despite Low Overnight Rate
- Calgary Herald – Calgary commits $2.5M to upgrades at old Scouts building for disability arts group
- CBC Calgary – Report finds Chestermere golf course ‘not economically viable,’ backs up case to redevelop land
Have a great weekend!