A two-tower condo development is in progress in the west of downtown Calgary that signals a shift in urbanism in the city. More condo developments are also currently in progress as well as Calgary plans on expanding and further improving their city centre.
CALGARY - Construction has begun on Avenue, a two-tower condo development, which is the first residential real estate project in Calgary’s downtown west end in several years.
Grosvenor Americas and Cressey Development Group’s newest project is moving forward following a successful pre-sales campaign for the development at 10th Street and 5th Avenue S.W.
“A re-focus on development in downtown Calgary’s west end is a significant milestone for the city that signals a shift towards urbanism,” said Michael Ward, senior vice-president for Grosvenor Americas, adding that the Avenue project will set the benchmark for future development.
“As urban developers we choose sites that are close to the central business district. Close to the restaurants and shops surrounding downtown and in this case also Kensington. Really it’s about a lifestyle choice to not have to get into a car and drive to work or drive to shopping centres ...
Statistics Canada has reported that the number of new building permits issued in Canada rose by 13.8% in May from the previous month – which easily surpassed expectations.
The number of new building permits issued in Canada rose significantly more than expected in May, easing concerns over the health of the country’s real estate sector, official data showed on Monday.
Canadian building permits rise more than expected in May
In a report, Statistic Canada said the number of new building permits issued increased by a seasonally adjusted 13.8% in May, easily surpassing expectations for a gain of 3.1%. April’s figure was revised to a gain of 2.2% from a previously reported increase of 1.1%.
The total value of permits has been on a slight upward trend since the beginning of 2014.
The increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British Columbia.
Following the release of ...
Toronto’s housing market is on the rise as well as luxury home sales of properties over CAD$1 million, which are up 34% from last year. Also in June, the percentage of sales of luxury properties has surpassed those of Canada’s most popular cities for real estate such as Vancouver and Calgary.
The GTA high-end real estate market is roaring along, with sales of properties over $1 million up 34 per cent in the first half of 2014 over a year earlier, matching gains in the country’s priciest market, Vancouver, according to a new report by Sotheby’s International.
The biggest jump, surprisingly enough, was in the sale of $1 million-plus condos which skyrocketed by 53 per cent to the end of June over the same period of 2013 — gains beyond those seen in Vancouver, Calgary or Montreal, notes the Top-Tier Real Estate Report released Tuesday.
“Despite fears of oversupply, demand for luxury condominiums remained high,” says the twice yearly state of the high-end market report by the high-end real estate company.
Sotheby’s realtor ...
According to Bloomberg, consumer confidence in Canada is reaching its highest this year as optimism about real-estate values reaches levels last seen in the post-recession boom. Sales in Toronto and Vancouver are 15% and 19% higher than a year ago, respectively, as the housing market is accelerating after the winter.
Canadian consumer confidence is approaching its highest this year as optimism about real-estate values reaches levels last seen in the post-recession boom.
The Bloomberg Nanos Canadian Confidence Index rose to 59.9 in the week ended July 4 from 59.2 previously, nearing the year’s high of 60.1 set April 25. The 44.3 percent of respondents who said home values in their neighborhood would rise in the next six months was the most since the fourth quarter of 2009, when construction surged following a slump.
The housing industry accelerated after a harsh winter disrupted the busy spring sales season.Canada’s biggest lender, Toronto-Dominion Bank, raised its 2014 housing forecast last week after a drop in mortgage rates, while realtors in Toronto and Vancouver reported sales in June that were 15 percent and 29 percent higher than a year ago, respectively.
The total value of purchases in six major Canadian real ...
Canada is not only well known for its multiculturalism, it is also famous for its beautiful and diverse landscapes – from mountains to metropolitan skylines.
In honor of Canada Day, celebrated on July 1, we've rounded up a gallery of some of the country's most beautiful, diverse places. Tombstone Territorial Park You know when the Yukon government advises you to leave a hiking plan with local police before traveling into the Tombstone Park area you're in for a wild time. This 2,200-square-kilometer (849 square miles) park, located 90 minutes from Dawson City, is filled with rugged peaks, permafrost landforms and wildlife.
Capilano Suspension Bridge British Columbia's Capilano Suspension Bridge is only a few minutes away from Vancouver's city center. Built in 1889, it stretches 137 meters across and 70 meters above the Capilano River. It's appeared in several TV shows, including "MacGyver."
Prince Edward Island