Western Vertical

We are looking for great people to join our team! Please see the link below, or through the careers portal on our website: https://lnkd.in/gB63--E2

📢 We're Growing! 🌟 Exciting news from Western Vertical 🚀 As we continue to expand and take on new opportunities, we're looking for talented individuals to join our team. We’re currently hiring for: 👉 Associate Development Manager 👉 Associate Project Manager Check out our current openings here: https://lnkd.in/gB63--E2 Let’s build the future together. 💼🌍 #WeAreHiring #TeamGrowth #CareerOpportunities #JoinUs

𝗪𝗲 𝗱𝗼𝘃𝗲 𝗶𝗻𝘁𝗼 𝗖𝗠𝗛𝗖’𝘀 𝗹𝗮𝘁𝗲𝘀𝘁 𝗙𝗮𝗹𝗹 𝟮𝟬𝟮𝟰 𝗥𝗲𝗻𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝗻𝗱 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗦𝘂𝗽𝗽𝗹𝘆 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 - 𝗵𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝗖𝗮𝗹𝗴𝗮𝗿𝘆. Calgary is experiencing major shifts in both its rental and housing markets. Here are the key takeaways: • Vacancy Rates: Purpose-built rental vacancy rates rose to 4.8%, while secondary condominium rental markets held at low historical averages of 1.3%. • Rising Rents: The average 2-bedroom rent surged by 8.9% to $1,882, leading Canada in rent growth. • Housing Starts Boom: Calgary saw a 38% increase in housing starts, with 11,178 units breaking ground in the first half of 2024. Apartment construction is split evenly between rentals and condos, addressing demand. • Tenant Incentives: Landlords are offering perks like rent-free months and signing bonuses to lease units in a competitive market. • Municipal Initiatives: Programs like the Secondary Suites Amnesty Program are boosting housing options, with 28% of new rental apartment starts tied to these efforts. The Downtown Calgary Development Incentive Program has also been successful in adding to supply by funding office-to-residential conversions. While Calgary’s housing supply is growing rapidly, affordability remains a challenge and vacancy is creeping higher. Higher rents and increased supply are shaping the city’s future, with opportunities for more innovative housing solutions, including those for affordable housing providers. What do these trends mean for Calgary’s renters, landlords, developers, and affordable housing providers? Please do not hesitate to contact us at Western Vertical and we can work with you to navigate these markets. #CalgaryRealEstate #RentalMarket #HousingSupply #CMHCReports #development #calgarydevelopment #multifamily

It's fantastic to see projects advance - and our client's 29-unit multifamily project in Southwest Calgary is making excellent progress. Exterior is fully enclosed, siding is advancing, and interior finishing is taking shape. Western Vertical specializes in making multifamily and mixed-use developments in market and affordable sectors a reality. Our Multifamily Development Management System takes a site from initial feasibility analysis through construction completion with a clearly defined process focused on maximizing client outcomes. If you have an opportunity you'd like to explore with a team of multifamily experts, we're here to help. info @ westernvertical.com 844.WST.VERT

Western Vertical was proud to support our non-market housing partners at the City of Calgary's Housing Partnerships Conference yesterday. With the City's critical shortage of affordable housing, sharing best practices and having solutions-based dialog is an essential to creating housing for all Calgarians. @Western Vertical helps affordable housing partners underwrite and develop affordable and mixed-income multifamily projects from initial feasibility assessments to construction completion. #affordablehousing #development #calgarydevelopment #projectmanagement #multifamily

Western Vertical supports our clients through the entire development lifecycle, from initial feasibility to stabilization of multifamily & mixed-use assets. Are you maximizing your project’s revenue potential? Has your team made the right decisions to control construction costs? Is MLI Select still the best choice for both construction and term financing? Western Vertical has over 30 years of combined institutional-level experience with the largest development projects in western Canada to help maximize outcomes on mixed-use and multifamily projects. We have a clearly articulated development management process to help make sense of priorities at each stage and when key decisions need to be made to minimize project risk. Whether you’re looking at initial site feasibility, are looking to anchor design decisions to proforma metrics, or need owner’s representations though construction, we can help maximize your outcomes. https://lnkd.in/g6HzCZYC

We are a multifamily & mixed-use specialist development management company laser-focused on helping clients exceed expectations on their development projects, and it's been an incredibly busy summer working with our Calgary clients on sites throughout the city's established areas.   Our team brings over 30 years of development, construction & finance expertise with some of the largest projects in Western Canada to help maximize outcomes on projects at all stages of the development process.   If you're looking to maximize outcomes on a multifamily or mixed-use site, put the experts to work for you. https://lnkd.in/g6HzCZYC

Albertan cities remain some of the most affordable in the country, per RBC Economics' Housing Affordability report.

Expanding affordable housing has never been more critical in Calgary, and Onward Homes is delivering. Western Vertical is excited to be working with Onward manage & grow their development pipeline so more Calgarians can have a safe, affordable place to call home. Yesterday there was an announcement of $23 million being invested by CMHC's Rapid Housing Initiative in two Calgary projects, with HomeSpace Society and Onward Homes creating 64 new, affordable homes that specifically support women and children with wrap-around support services on-site. These projects would not have moved forward without the full support of the City of Calgary, who have been excellent partners & facilitators. Excited for these projects to take shape, and more exciting announcements to come! Pictured here: Gary MacNamara, COO and Bev Jarvis, Director Communications for Onward.