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Welcome to the Weekender!
I’d like to kick things off with a bit of good news, because good news has so often been hard to find during the last year: all Albertans 30 years of age or older are now eligible to receive a COVID-19 vaccine, and everyone 12 or older will be eligible starting Monday. For more information about vaccine eligibility or to book an appointment, click here.
Now that that is out of the way, this week’s story lineup is heavy on analysis – and I mean that in the best way possible – so I hope you’re ready for some fascinating deep dives into COVID-19’s long-term impacts on the real estate industry, the latest housing market data, and the City of Calgary’s Greater Downtown Plan.
This week in CREB®Now
The business of building, buying and selling homes has changed quite a bit in the last 12-plus months. Some of those changes might not stick around after the pandemic ends, but others could be here to stay. Here we explore those changes to find the key takeaways for real estate consumers and industry players.
Check out the full recap of last month’s housing market activity in Calgary and surrounding areas, featuring commentary from CREB® chief economist Ann-Marie Lurie.
The city’s downtown core could be in for a major facelift over the next several years as part of a bold new plan to rethink and revitalize the area for generations to come.
Find out how we got here, how you might be impacted, and when industry experts expect supply to catch up with demand.
I love that the photo of this mansion’s home theatre implies there’s a movie about the mansion. pic.twitter.com/svOwnkfr1A
— Lindsay Katai (@lindsaykatai) May 3, 2021
- Calgary Herald – Brookman: Spending on reviving Calgary’s downtown is worth the investment
- CBC Calgary – Albertans are hot for solar right now, even with the pandemic pinch
- CBC Calgary – Calgary’s housing market expected to see moderate growth this year before slipping in 2022
- National Post – Managing moisture is key
- CBC Calgary – Controversial community planning guide will not go to city council for a vote, can be used by administration
- Financial Post – Here’s how much an extra $100,000 worth of house is really going to cost you
- Globe and Mail – Alberta’s development guidelines can work against heritage preservation
- Calgary Herald – Calgary’s contentious city planning guide heads back to city hall
- Financial Post – Is your credit score strong enough to buy a home?
- CBC Calgary – ‘Unprecedented’ demand driving real estate sales and prices in Canmore
- Financial Post – Here’s why the state of mortgage lending isn’t precarious despite fear mongering about housing markets
Have a great weekend!