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Real Estate Blog

No child is denied entrance into a public school in Calgary.  The only problem is that if you choose to live in one of our city’s newest neighbourhoods, the nearest public school is probably not down the street.  A long journey on a school bus is not optimal for many Calgary families and large fields in new suburbs sit in wait for when the future-school-here signs to come down and for construction to begin.

The Calgary Board of Education (CBE) is long on plans to catch up with Calgary’s unprecedented growth and has announced some concrete plans now for schools in newer neighbourhoods in the north and south ends of the city, to the tune of $540 million in construction costs.

That includes the addition of three new schools in their current capital

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It’s no surprise to Mr. and Mrs. Average Calgarian that the City of Calgary has devalued residential homes in Calgary.

The 2016 tax assessments are being delivered to Calgary residences this week and the effects of our sour economy are evident in overall residential values.

The median assessed value for a single-family home, which is different than the average value, is actually up from 2015 by $5,000.  Condominiums are down by $10,000 to $280,000.

The bulk of Calgary’s residential homes remained relatively stable, however the assessed value of Calgary luxury homes dropped dramatically according to Nelson Karpa, city assessor.

Comparing 2016 to 2015, Nolan Hill in Calgary’s extreme North West has been hit the hardest for an assessment

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CalgaryHomes.com | RE/MAX FIRST