CALGARY — Is downtown Calgary finally destined for an overbuild?
Although Cresa in Calgary has posed that question in a recent report, it believes the city’s commercial real estate market can handle the wave of office development hitting the downtown core in the near future.
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Sometimes I think we forget how good things have been in the natural resources sector recently. Especially compared to other sectors.
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A new calculation shows Canadians are getting richer even though they may be among the most indebted in the world.
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Calgary-based real estate company CIR REALTY has opened an office in downtown Red Deer led by John Frére Realty Team.
The two agents with John Frére Realty Team previously worked for Royal LePage and another three Central Alberta agents are expected to start within the month.
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A recent hike in interest rates may have led June real estate sales in St. Albert to increase significantly compared to the same month last year, said a local realtor.
Average sales for single-family homes increased by more than 55 per cent in June, compared to a year ago, the Realtors Association of Edmonton reported this week in their monthly housing bulletin.
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As we approach the end of May, it looks like Calgary’s resale real estate market could be setting a couple of records.
According to the Calgary Real Estate Board, month-to-date until May 29, the average MLS sale price for a single-family home is $523,071, up 3.74 per cent from the same period a year ago.
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The residential real estate market in Calgary is having a healthy month so far in terms of sales and prices.
That too is what is being experienced in the towns outside of Calgary.
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As the month of May nears its end, Calgary’s resale condo market has seen a healthy upward movement in sales and prices.
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I run across many people who have become frustrated and disillusioned with investing in the stock market. After all, the 10-year period from 2000 to 2010 was one of the worst in history for stock markets around the world.
Given the low, single-digit returns common during that decade, many investors are looking at alternative investments such as real estate. Here are some different ways to invest in real estate
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Years ago, I used to work at a Montreal based company called CGI. During one of my many coffee breaks, the question came up as to what industry we were all employed in. I made my argument in a simple manner and said we were all in the oil and gas sector. We listened, spoke and interacted with oil and gas clients all day long and that is why I responded we were in the energy sector.
To my great surprise, I was told that we were not in that field but rather technology. We were all using our experience from oil and gas accounting to solve IT related problems to serve our clients. That was an important distinction for me because I never had to really stop and focus on what I was providing.
Today, people ask me what industry I am in and assume my answer is real estate. This too is incorrect. I use all my knowledge to provide unbiased economic fundamentals that affect the numerous marketplaces I cover on this site. My method of providing this information is through the internet. My revenue in this business comes from Google Ads and not any real estate sources. For that reason, I am in the internet industry with the intention of servicing real estate investors.