Challenges expected for Calgary Housing market
2014 was an eventful year for Calgary’s real estate market and it’s expected to continue in 2015. One of the changes will be a lot count survey the city will be updating monthly that will identify how much land is available for development, making it easier for developers and the city to plan for future needs. But the Albertan market may face its fair share of challenges over the next year. Read the full story here.
Artis investing in green building model
Artis Real Estate Investment Trust is in the midst of upgrading most of the 65 office buildings in its North American property portfolio to LEED (Leadership in Energy and Environmental Design) standards. LEED is the internationally recognized standard for the design, construction and operation of high-performance green buildings. See how this affects both landlords and tenants in the story.
Hamilton expected to stay hot in 2015
Hamilton emerged as one of the hottest markets for investment and housing in 2014 and it’s expected to stay hot according to TD Bank. Major Canadian bank economists say Hamilton will continue to be one of the strongest housing markets in the country in 2015. “For 2015-2016, Hamilton is the only city where we actually have home prices growing over the two years,” a TD economist said. See the full story here.
Vancouver housing value spikes
A typical detached home on Vancouver’s west side on a 15.24-metre-wide lot had an assessment of $1,812,000 on July 1 last year, up 12.5 per cent from the previous evaluation on July 1, 2013. On the city’s east side, a typical detached home had an assessed value of $993,000 last July, up 11.3 per cent over a 12-month period, according to BC Assessment. Read the full story here.