Calgary
Real Estate News
Sotheby's "Optimistic" For Luxury Markets In 2025 After "Tumultuous" 2024
With interest rates on the decline and buyer sentiment up, Sotheby's International Realty Canada President and CEO Don Kottick says he's "optimistic" about the luxury market for 2025.
Jan 15, 2025
Listed Commercial
Vista Heights Office Complex In Calgary Under Receivership Listed By CBRE
The Vista Heights office complex sits at 1925 & 1933 18th Avenue NE in Calgary and was placed under receivership in August 2024.
Office
Armco Buys First Canadian Centre In Calgary For $46.5M, Planning Second Tower
The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.
Policy
City Of Calgary Considering "Proactive Measures" Against Short-Term Rentals
The policy recommendations come a year after the City of Calgary initiated a study of short-term rentals.
Lions Bay Home With View Of Howe Sound Hits Market For $2.4M
The beautiful property sits at 170 Highview Place in the scenic community of Lions Bay in British Columbia.
Industry
Teresa Goldstein Talks National Housing Council And The “Fascinating Conversation” Of City Building
There’s a lot of pessimism surrounding housing in Canada, but Goldstein speaks on the topic with an undertone of hopefulness and positivity. “The fact that we are having these conversations, I think, is so exciting,” she says.
Development Projects
Mattamy Homes Introduces Farmhouse-Inspired Master-Plan Living To Sherwood Park
For those looking to lay down roots in Sherwood Park, a true best-of-both-worlds destination, now may be just the right time — as the community welcomes Hearthstone.
Development Projects
Calgary Planning Commission Approves New $270M Arts Commons Expansion Building
The Arts Commons Transformation (ACT) project is being undertaken by the Calgary Municipal Land Corporation (CMLC).
Office
Oxford Properties & AIMCo Sell 4-Tower Bow Valley Square In Calgary For $140M
The Bow Valley Square office complex was acquired by Armco Alberta, subsidiary of George Armoyan's G2S2 Capital Inc.
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Industry
Luxury Homebuyers Set For "Most Favourable Conditions In Years"
According to Sotheby’s experts, current conditions for luxury real estate buyers in the long-coveted cities of Vancouver and Toronto are the most favourable since 2017.
Construction
Toronto Ranks Highest For Cranes Across Major US And Canadian Markets (Again)
In Toronto’s downtown core alone, the number of cranes in the third quarter was almost twice that of its nearest competitor.
Office
Conversion Potential Sparks Office Sales As Calgary Relaunches Incentive Program
Around 20 office buildings in Calgary have changed hands since January 2023, many of which are considering an office-to-residential conversion.
Industry
‘Exciting’ Things On Horizon For Sotheby's International Realty Canada Amid Move Into New Calgary Office
The move into a new office at 5111 Elbow Drive Southwest in the well-established neighbourhood of Britannia marks a big step for Sotheby's International Realty Canada's Alberta operations.
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