Welcome to the Weekender: the best end-of-week real estate news digest in the West! (Don’t fact check that.) I’ve subtitled this edition “past, present and future” as a nod to the three new stories we published this week, which include a profile of a historic Mount Royal home, a barbecue primer to make the most of our ongoing COVID-19 summer, and a summary of the Bank of Canada’s latest predictions for the Canadian economy – and, by extension, the housing market – as the pandemic recovery continues.
Let’s get right to it!
This week in CREB®Now
In between the bouts of rain and hail, there has been some beautiful weather during these first few weeks of summer – the type of weather that makes you want to do everything outside, including cook. If you’ve been out of the grilling game for a while or have never owned a barbecue, this is just the primer you need to get up to speed.
The Bank of Canada made its latest overnight target rate announcement and shared its updated economic outlook on Wednesday. Check out the full story for all the highlights.
The Historical Home Spotlight, which was once a recurring feature on crebnow.com, makes its triumphant return this week with a stately Mount Royal residence that has hosted a pair of prominent Calgarians over its 110-year history.
Sticking with history, there’s no time like the present to revisit this feature about some of Calgary’s most prominent historical residences, including the A.E. Cross House (now home to Rouge Restaurant), Bow Valley Ranche and Lougheed House.
There are a few, uh, interesting choices on display here. Also, if you read this story from a couple weeks back, you already know how I feel about carpeted bathrooms.
- Reuters – Bank of Canada governor’s promise of low rates could spur housing speculators
- Calgary Herald – Property tax freeze in 2021 doesn’t go far enough, some councillors say
- CBC Calgary – City eyes financial incentives for designated heritage properties
- CBC Business – Interest rates will stay low as Canada faces ‘long climb’ out of COVID-19 hole, central bank says
- CBC Calgary – Sales are up 55% but prices drop as Calgary housing market copes with COVID-19
- Calgary Herald – Councillor calls for additional hailstorm relief, discussion on sustainable building
- Calgary’s Business – Easing population growth weighing on Canadian housing market
- CBC Calgary – Calgary now has 1,000 kilometres of paved pathways
- CBC Calgary – Calgarians have plenty to say about new downtown arena
- Calgary Herald – Inglewood residents push back against proposed 12-storey development
- CBC Calgary – New sports field planned for northeast Calgary will boost accessibility for local neighbourhoods
Have a great weekend!