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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
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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…

17Jan
  • By: Jerry Moras
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Calgary’s rising housing prices, low inventory likely to persist in 2024: CREB

Calgary's housing market is predicted to face low inventory and rising prices in 2024, with the benchmark price reaching $570,100 in December. Demand for affordable…

15Jan
  • By: Jerry Moras
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Calgary Area Market update by Jerry Moras Team: Strong Performance in 2024

Calgary's housing market remains strong with ↑ 10% in overall residential property values and ↑ 3% in non-residential properties. Single-family residential homes ↑ 9%, multi-residential…

15Jan
  • By: Jerry Moras
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New provincial regulations could help Calgary, Edmonton lower housing costs

The government of Alberta is proposing changes to the City charters in order to limit cost increases for new housing and establish a consistent minimum…

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