Calgary has a buzz on. Life in Alberta's biggest city is good, the economy is thriving, work is abundant, wages are high, taxes are low, homes are affordable, lifestyles are diverse, and the natural scenery rivals anywhere in the world. And, it's been a record year for Calgary real estate, with residential sales 12% above the 10-year average.
Still, as we prepare to ring in a new year, it's all about the supply chain in local real estate – an inventory level that is now at its lowest since 2005, largely impacted by the withdrawal in sales and new listings. Lower-priced properties felt the stiffest conditions as higher-priced homes drove supply growth this year.
For informational purposes only. Always consult with a licensed real estate
Calgary and Toronto are two of the biggest cities in Canada. Calgary is emerging as a tech center in Western Canada, while Toronto is the capital of the eastern province of Ontario. In this guide, we break down what living in each city is like to help newcomers determine which may be the better option and will provide the strongest opportunities for their future. Here's what to know about living in Calgary vs. living in Toronto.
Calgary Economy vs. Toronto Economy
Some major differences between Calgary and Toronto come from the cities' sizes. Calgary has a population of around 1.61 million, while Toronto has the largest population in all of Canada, with 2.79 million residents. This massive size difference between the two cities impacts the types
When deciding where to live, Canada's major cities are vibrant places, each with its own sense of character and appeal. Among these are Calgary and Montréal, the third- and second-largest cities in the nation, respectively.
Calgary is noted for combining metropolitan appeal and amenities with a strong sense of community, while Montréal is widely regarded as Canada's economic and cultural hub. Each of these cities holds substantial potential as a place to call home for anyone. If you're considering moving to Calgary or Montréal, you're deciding between two great cities. Learn how Calgary and Montréal compare in several key categories worth considering in a future residence.
Calgary is one of Canada's largest and most thriving cities, functioning as a hub of the region's energy sector as well as other industries. But it's also known for its high quality of life, in part due to the hard work of the city's Business Improvement Areas, also known as BIAs. Whether you're moving to Calgary or own an established Calgary business, knowing the city's BIAs will pay off.
Fifteen BIAs are spread across Calgary to develop or beautify local properties, improve and maintain public parking, and promote the neighbourhood economy. They also help facilitate communication between residents and the city. Funded by a small annual levy on businesses within the BIA, these relatively little-known organizations can play a huge role in a
Once a western town, the city of Calgary is now Alberta's largest metro area and one of the fastest-growing cities in Canada. With its rugged, natural beauty, ample employment opportunities, strong local economy, and outstanding quality of life scores, it's easy to see why so many people are moving to the Calgary Metropolitan Area. And while nearly every area of the city has seen a population boom, one of Calgary's fastest-growing districts is West Calgary.
Founded in 1957, West Calgary is one of two surviving ridings from the Redistribution of Calgary in 1959. Today, West Calgary is a dynamic residential district encompassing many neighbourhoods. Located north of the Glenmore Reservoir and south of the Trans Canada Highway, West Calgary is easily
It is increasingly popular for homeowners to add a basement suite to their primary residence. Calgary homes with a basement suite can be rented to someone else to help reduce mortgage costs, and they're one of the best properties for multi-generational homes. No matter the reason for adding a basement suite, it will need several permits required to make a legal basement suite in Calgary. Additionally, basement suites containing a kitchen and bathroom that were built before March 12, 2018, will require the same permits to bring it up to the most recent codes. Here's everything you need to know about the permits required for basement development in Calgary.
Examine the Scope of Your Basement Development Project
The University of Calgary is one of the most well-known universities in Canada. Its picturesque campus is located in Northwest Calgary, between 24 Avenue and 32 Avenue, and the nearby communities are known as some of the best neighbourhoods in Calgary. Living near the university provides convenient amenities and short commutes throughout the city. Whether you're looking for an investment property or a primary residence, the neighbourhoods near the University of Calgary are likely to have exactly what you need.
Varsity
Located just a three-minute drive from the University of Calgary, Varsity is one of Northwest Calgary's most desirable neighbourhoods. It offers convenient access to shops, parks, and Calgary schools. Also known as Varsity Village,
Homes with basements give owners opportunities to have extra space to offer as rentals. Investing in a home with a basement suite allows owners to earn passive income and offset mortgage payments, providing increased equity as the home appreciates. Basement apartments can be lucrative, but they require unique steps from start to finish. Here's what you need to know about converting a basement into an apartment, accommodating local zoning laws, and finding tenants so you can profit off your basement suite.
What Is a Basement Suite?
Basement suites are separate units located on the lower levels of a home. This means that another individual can live there, essentially turning a single-family home into a multi-family home. Homes with basement suites
Converting a basement into an apartment with kitchen and bathroom facilities allows homeowners to earn extra income if they rent out the space. A home with a basement suite is also highly likely to increase the property's value, especially if the owner wants to sell one day. However, the proper permitting needs to occur before the conversion, and owners should be comfortable being a landlord, as they will be renting a portion of their home to a tenant. For anyone thinking about converting a basement into an apartment, here's how to do it.
Is It Legal to Convert Your Basement into an Apartment?
The answer to this question can vary from one municipality to another. In municipal areas where basement apartment conversions are allowed, there are
Where to live is not the only thing to think about when buying property. It's also essential to consider what type of property is best. A single-family home works well for many as it offers ample space and the flexibility to design and style it as the owner wishes. Yet, there are a few compelling reasons to consider condos for sale instead. Condos are located in a shared building, but they still allow for full ownership. Keep reading to learn four reasons to buy a condo instead of a single-family home.
Condos Are Great First Investments
Condos can be an exciting point of entry to the real estate world for first-time home buyers. They tend to have a lower purchase price than homes of the same size. That lower cost typically translates into a
We and our third-party partners use cookie technology to make your website experience faster, safer, and more relevant, and to deliver personalized marketing.
