Calgary's housing market is hitting record-high prices and soaring demand, driven largely by an influx of out-of-province buyers attracted to Calgary’s comparatively lower costs. With multi-family home sales reaching near-record levels in 2023, new development activity has surged, including an increase in condominium launches. The rental market faces similarly high demand, with vacancy rates dipping below 3%, which has pushed rents upward and intensified affordability challenges for residents.
To meet these challenges, developers are adopting creative approaches, such as converting office spaces into residences and refurbishing aging buildings. One example is Toronto-based Bluevale Capital Group, which recently completed Beltline Terrace, a 16-unit affordable housing project in Calgary’s Beltline district. By retrofitting an underused structure, Bluevale quickly added affordable housing in a fraction of the time and cost required to build from scratch, highlighting the potential for repurposing existing buildings to expand housing supply rapidly.
The Trellis Society Soiree invites Calgary’s community to raise funds for youth and families facing homelessness, poverty, and mental health challenges.
The Calgary Marathon Race Weekend, Canada's longest-running marathon and Alberta's top-rated road race, sold out quickly. Team Trellis jumped on the chance, bringing together an impressive team of 62 participants across various events, from Madhav’s inspiring 60 km run to our youngest racers in the kids' marathon.
Ottawa has converted a former retirement home into the Corkstown Transitional Housing Program, a 170-unit facility aimed at supporting unhoused families on their journey to permanent housing.
Calgary's housing market is experiencing record-high prices and unprecedented demand, largely fueled by out-of-province buyers attracted by lower costs compared to Ontario.
We are thrilled to present a keynote speech by our managing director, Jefferson Huang, at Western University.
Bluevale Capital Group has acquired Mariner Watch Apartments in Maple Ridge, BC, marking its second major 2022 acquisition, supported by financing from KingSett Capital, as part of its strategic Western Canada expansion.
