Northmarq’s Post

The antithesis of Jane Jacobs This is an absolute DISASTRE for heritage buildings in Calgary. A huge economic disincentive is being created to redevelop vs retain (heritage )- its is so obvious . Why would anyone (apart from some charitable souls) keep a heritage building when it’s more economically attractive to redevelop than retain ?! The group-think among so-called “progressives” in Calgary is off the charts - and the City Planning department has less creativity to deal with this than the chickens I used to have. Blanket rezone -wow that’s creative . Without mitigation strategy to make it economically equivalent to retain a Heritage property as to redevelop it , this will be a disaster. The city makes mistakes constantly and repeatedly . It upzoned bridgeland in the 1970s and saw the community empty of owner occupants and huge disinvestment - so it had to change course and downzoned again . The 2008 Hillhurst Sunnyside ARP was a huge boondoggle - upzone parts of heritage community without any mitigation strategy . Heritage has been lost and will continue to. . Either create proper mitigation tools for heritage or leave inner city alone . BTW will be bad for affordability too - many older properties are broken into multi units and is cheap housing Bad, bad , bad

Civitas Real Estate Investments LP is doubling down on multifamily real estate acquisition in #Strathmore, AB. Why? 🤔 Glad you asked. While following the typical population trends of Alberta overall, at 2.6% YoY, projections suggest Strathmore is more likely to mirror Airdrie's explosive growth in recent years 📈 Of particular note, industrial growth in the area is expected to create more than 4,500 jobs over the next 2.5 years. Further, rental rates across the city are currently 30-40% below market value, presenting a compelling opportunity for immediate cash flow 💸 Strathmore has a small town feel with the amenities of a large urban center. Well-located, land and properties provide opportunities for future land use as the area continues to urbanize, only 40 minutes for Calgary’s business core.  Check it out: https://lnkd.in/g9umhecZ #realestateinvestment #multifamilyinvestment #calgaryrealestate #albertarealestate

If you're a serious investor looking for a promising venture in real estate, Civitas Real Estate Investments most recent multifamily acquisition in Strathmore, AB demands your attention 🚀🎯⚡ Our focus is on multifamily in Calgary and the surrounding area, and for good reason.  Multifamily investments have always been a hands off, passive income stream, in Alberta, for investors. And Calgary has some of the lowest rental rates in Canada for major markets, so there’s an opportunity for immediate and ongoing cash flow. With as little as $25,000, Civitas offers a strategic and affordable entry into real estate, enabling our clients to partake in this lucrative sector, without the burden of a hefty initial investment. Get in touch to discuss our most recent opportunity. Find out why we are investing in Strathmore in my last post, linked below 🔗 In Calgary and surrounding area? Register now for our full-day, Multifamily Educational and Networking Event on November 4, 2023 - https://lnkd.in/gWSWAj-z This event caters to both new and seasoned investors. Multiple keynote speakers on hand to discuss #realestatefinancing, #riskandinsurance, #economicdevelopment, #realestateaccounting and #propertymanagement

Member Fresh Hope Communities has had to scale many hurdles to realise the potential of these high-quality, build-to-rent affordable homes that will soon welcome tenants in Marrickville, Sydney. The project, in partnership with Nightingale Housing, is an excellent example of what can be achieved on disused church land, supported by churches of Christ in NSW & ACT’s commitment to continue the community narrative of the site. This is just the tip of the iceberg of what faith-based community housing providers in partnership with faith communities can deliver. However, as Samantha Hutchinson’s story reveals, red tape and additional costs threaten to delay and derail the creation of much-needed affordable housing. Important changes that the NSW Department of Planning, Housing and Infrastructure can make: - Include land zoned ‘place of public worship’ for housing and in proposed reforms - Prepare design guidelines to enable medium-density housing developments in heritage conservation areas and on land subject to heritage designation. Read more details in our recent submission: https://lnkd.in/giJCxfxY #affordablehousing #planning #heritage #housingjustice #YIGBY #innerwest #housingcrisis https://lnkd.in/gSXJdxjS

Premier House needs significant maintenance, with a recent report suggesting the prime minister's official Wellington residence needs tens of millions of dollars worth of work. But is it worth it? Tommy's Real Estate sales director Tim Clark told Breakfast this morning: "First and foremost, I believe the prime minister needs somewhere that they can host other international dignitaries. "There's some interesting things with the building though, the report came out at around about $30 million to get the property back up to standard... That's a significant amount of money, obviously, [but] it is a significant building. "But in terms of what the building could offer, there's been some precedent." "I'd like to see it be retained as the premier residence, but the cost is significant." There's "no question" of the building's heritage value, Clark added. Read more below: https://lnkd.in/gv3hckf5

Is Your City on the List? B.C. Announces Housing Targets for 20 More Communities📝🏗️ The B.C. government has doubled down on its fight against housing shortages, identifying 20 additional cities and towns as priorities for setting housing targets over the next five years. This announcement expands upon the initial 10 communities chosen last year. Key Cities on the List: 🔹Metro Vancouver: Central Saanich, Chilliwack, Colwood, Langley City, Maple Ridge, Mission, New Westminster, North Coquitlam, North Vancouver City, Port Coquitlam, Surrey 🔹Vancouver Island: Esquimalt, Nanaimo, Sidney, View Royal 🔹Interior B.C.: Kelowna, West Kelowna, Prince George Specific targets will be set this summer Based on ongoing progress and collaboration with each municipality. This initiative aims to complement existing local efforts and encourage additional housing development through recent provincial legislation. The B.C. government's approach emphasizes collaboration with municipalities to increase housing supply in areas facing critical shortages. Western Investor #britishcolumbia #developmentland #commercialrealestateagent #vancouverrealestate #housingshortage

Well, this has certainly been a controversial issue, testing the powers and controls of local and state governments, particularly in the context of housing. The truth is that this site, and many others like it, have to be considered as Gold Coast’s population grows. The question is, what will it look like, and how can we best involve the community in this journey? I would be surprised if the council weren't considering a longer-term plan for similar underutilised land parcels and their role in mixed-use developments, including housing, while maintaining a green and eco-friendly footprint. However, it has to act decisively, with close to 16,180 new residents arriving every year up to 2046. It will be interesting to see how the process unfolds from here. City of Gold Coast Department of Housing, Local Government and Heritage Local Government Association of Queensland #GoldCoast #Housing #LocalGovernment #Queensland #HousingDiversity

📣 Urgent Call to Action The Cape and Islands are in the grip of an affordable housing crisis. Our small businesses, public safety, education, and healthcare are all feeling the strain. But there's hope. A small local option transfer fee on luxury real estate transactions could make a big difference. It's a solution communities like Nantucket, Provincetown, and Martha’s Vineyard desperately need. The Healey Administration is pushing for this fee, but they're facing opposition from the real estate industry. Fortunately, many local realtors, stand with the Cape Cod community. They know the importance of this fee for keeping seniors in their homes, preserving affordable housing, and building homes for our workforce. We need your voice. Contact your legislators. Stand up for our neighbors, our first-time buyers, and our economy. Let's support efforts to pass the local option transfer fee. The future of our Cape and Islands depends on it. Read the full article here: bit.ly/4dZrEaC #AffordableHousing #CapeAndIslandsStrong

New York City ends credit check requirement for families using affordable housing vouchers Contact me to discuss the latest scoop in real estate! #Longisland #Newyorktime #Therealdeal #Bloomberg #Manhattan #Global #Luxury #newyorkrealestate #newyorkrealestateagent #hamptonsrealestate

𝗖𝗮𝗹𝗴𝗮𝗿𝘆 𝗰𝗼𝘂𝗻𝗰𝗶𝗹𝗹𝗼𝗿𝘀 𝗮𝗽𝗽𝗿𝗼𝘃𝗲 𝗯𝗹𝗮𝗻𝗸𝗲𝘁 𝗰𝗶𝘁𝘆𝘄𝗶𝗱𝗲 𝗿𝗲𝘇𝗼𝗻𝗶𝗻𝗴 🏘️ After a marathon public hearing and intense council debates, Calgary's city councillors have approved a significant blanket rezoning with several amendments, passing with a 9-6 vote. This change aims to increase housing density and diversity by allowing duplexes, rowhouses, and fourplexes on lots traditionally zoned for single-family homes. Despite the controversy, this move is seen as a step toward addressing the city's housing needs. Mayor Jyoti Gondek emphasized that this decision would allow Calgarians to live with dignity and choice. However, not all are in favor, with some councillors and residents expressing concerns about the impacts on established neighborhoods and the speed of the rezoning process. This landmark decision is poised to become a pivotal issue in Calgary's next election, reflecting deep community engagement on urban development. 🌆📊 𝗖𝗹𝗶𝗰𝗸 𝗹𝗶𝗻𝗸 https://lnkd.in/gWdYzKDp to reach the full article 𝗥𝗘/𝗠𝗔𝗫 𝗥𝗲𝗮𝗹𝘁𝘆 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 📍 #10, 6020 - 1A Street SW 🌐 calgaryrealestatepros.com . . . #remaxrealtyprofessionals #remaxprosyyc #buyingandselling #realestatebrokerage #professionals #remaxagents #firsttimehomebuyer #rentalmarket #hotrentalmarket #homeownership #talktotheprofessionals #invest #timetoinvest #Calgary #Calgaryrealestate #YYC #RealEstate #HomeBuying2024 #YYC #CalgaryRealEstate #InvestInCalgary #CanadianHousing #MarketTrends #RealEstateBoom #rezoning #approved