NEWS

New listings rose for all detached homes priced above $500,000, but the largest gains occurred in the category priced over $700,000, the Calgary Real Estate Board said.

The article highlights Calgary's five most expensive homes for sale as of January 2, 2024. It features a range of properties including a $9.9M home in Pump Hill inspired by the Provence region, a $7.9M gated bungalow in Eagle Ridge, a $7.5M estate in Upper Mount Royal with historical significance, a $4.75M modern home near Calgary Golf & Country Club in Britannia, and a $4.6M house in Elbow Park with understated elegance. Each property boasts unique luxury features, extensive living spaces, and sophisticated design elements catering to high-end lifestyles. For more details, visit the original article on CTV News Calgary's website.

Calgary is hosting public information sessions for the next 10 days to discuss potential residential zoning changes that could significantly transform the city's landscape. These changes are seen as a new era for development, aiming to address housing needs and affordability by potentially allowing more diverse housing types like duplexes and secondary suites. While there's mixed public reaction, with concerns about increased density, developers believe these changes will benefit the community in the long term, promoting responsible growth and maintaining affordability.

Calgary offers affordable housing with a high-quality lifestyle, boasting urban vibes and natural beauty, with homes priced significantly lower than those in Toronto and Vancouver. The city's economic strength, driven by the energy sector, contrasts with its relatively stable real estate market, attributed to a balanced supply-demand dynamic and robust home construction activity. Despite economic fluctuations, Calgary maintains high median incomes and a rational housing market, making it an attractive option for those seeking value without compromising on lifestyle.