With the first three months of 2016 behind us, let's take a look at how the residential construction industry in Calgary and area fared in the first quarter.Read more
The numbers from Canada Mortgage and Housing Corp. (CMHC) show new home starts in every segment - single-family, semi-detached, row and apartment - are approximately half of what they were after the first quarter of 2015.
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RioCan Real Estate Investment Trust, Canada’s largest retail landlord, is starting construction this week on a project that will add 770,000 square feet of shopping and residential space in downtown Calgary, despite an oil crash that’s cut jobs and forced other companies to slow development.Read more
According to the survey, the aggregate price of a home in Calgary slipped 0.6% year over year to $466,184 in the first quarter of 2016.Read more
When broken out by housing type, the median price of a two-storey home declined 1% year over year to $518,478, the median price for a bungalow declined 0.2% to $463,693 and condominium prices actually increased, up 0.3% year-over-year to $307,864.