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6Feb
  • By: Jerry Moras
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Calgary homes market finishes year on strong note with rising sales

Sales of row, apartment-style, and semi-detached homes increased in December compared to the previous year in Calgary. However, single-family detached homes saw a decrease in…

5Feb
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Workspace to Homeplace: Calgary & Edmonton’s 2031 Office Conversion

The Calgary office market ended the year with a cumulative 677K sq ft of positive net absorption. There was a total of 27.9% vacancy in…

3Feb
  • By: Jerry Moras
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Calgary’s downtown office vacancy rate trending in right direction: report

Calgary's downtown office vacancy rate has decreased to 30.2% from last year, with 677,000 sq ft of space taken off the market. The improvement is…

1Feb
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary Condo Owners Will See Biggest Property Tax Increases in 2024

Condo owners in Calgary will likely see the largest increase in their property tax bills for 2024 due to ↑ 17% rise in assessed values…

31Jan
  • By: Jerry Moras
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Calgary sees payoff in 2024 for converting old offices into residences

Calgary is set to benefit from its initiative to convert vacant office buildings into residences. The first project, The Cornerstone, is almost complete and will…

29Jan
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Home Buying Income Spikes Again in Mid-Q4

Calgary experienced a $700 ↑ in the annual salary needed for a 20% down payment on an avg-priced home. The city also experienced a $660…

22Jan
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Unlocking Pros and Cons: Spec Houses

Spec House Definition: A spec house is built by a builder without a specific buyer. Pros of Spec Houses: Ready to move in, lower cost…

22Jan
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Late-Q4: Home Sales Jump Up!

Late-Q4 saw ↑ 13.8% yearly to ~1,400 in home sales.The city witnessed ↑ 21% yearly to 1,200 in newly released units.

21Jan
  • By: Jerry Moras
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Calgary Area Market update by Alberta Homes Team AKA Jerry Moras Team | Calgary’s Bold Move: Affordable Housing Revolution

Calgary prioritizes new housing strategies in response to a housing crisis affecting 84K households. The strategy involves loosening zoning restrictions and allocating municipal land for…

21Jan
  • By: Jerry Moras
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Jerry Moras Team | High Migration to Calgary Pushing Rental Market to Max

Calgary faces increasing rental challenges due to low supply and high migration, with vacancy expected to hit a record low of 1.2% by 2025.~5K rental…

21Jan
  • By: Jerry Moras
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Jerry Moras Team | Calgary’s Rising Housing Prices Likely to Persist in 2024

Calgary's housing market in 2023 saw low inventory and rising prices, with a benchmark price of $570K in December.Affordable housing struggled with ↓ 44% in…

21Jan
  • By: Jerry Moras
  • 0 Comments

Jerry Moras Team | Calgary’s Central Rental Competition: Short vs. Long-Term

The prevalence of short-term rentals in central Calgary challenges the city's climate strategy and housing objectives. Calgary's climate strategy aims to increase residents in walkable…

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