About Inglewood
Inglewood is an inner-city community bound by the Bow River to the north and east, the Elbow River to the west, and the CP Rail tracks to the south. Inglewood is a neighborhood in transition. Gentrification in the past ten to twenty years has transformed the district from its historic blue collar roots into a vibrant and renewed community enjoying proximity to two rivers, Calgary’s downtown core, and several parks. Development includes residential, commercial and industrial.
Source: CREB
In October 2014, Inglewood was named Canada’s Great Neighborhood for 2014 by the Canadian Institute of Planners. Inglewood, originally known as Brewery Flats, was established officially in 1911, named after the nearby homestead established by Colonel James Walker. Today Inglewood is a vibrant, eclectic and evolving arts and culture filled district with more than two hundred shops, cafés, restaurants and live music venues, many located in historic low rise commercial buildings. The community’s primary street front retail district extends along 9 Avenue SE. Some light industrial development still exists at the south end of the community.
Inglewood has retained a sense of living in a residential village atmosphere. The community is a short fifteen minute walk to Calgary’s downtown core. Cycling, walking and transit routes have extensive networks and are well used. The neighbourhood values art and is home to many Calgary artists and musicians. Open space includes six substantial city parks and a linear river pathway system. The community is home to multiple events and festivals throughout the year.
The Inglewood Area Redevelopment Plan (ARP), prepared in 1993, envisioned Inglewood as an “urban village” in the centre of Calgary. Since 1993, Inglewood has continued the process of gentrification. Its main commercial corridor, Atlantic (9) Avenue SE, now houses a number of specialty shops and restaurants in restored antique buildings and new mixed-use developments. Older homes continue to be rehabilitated through the community, in conjunction with ongoing new infill development. Further to the aforementioned Inglewood ARP, a revised draft Local Area Plan was released June 2021.
According to the City of Calgary Planning and Building Department, the population of Inglewood was 4,024 residents in 2019, up from 4,008 recorded in 2017 and 3,647 recorded in 2014. The number of dwelling units increased to 2,387 in 2019 from 2,267 in 2014. The neighborhood is showing slow but positive growth. Further to single family homes located throughout the community, new multi family ownership and rental apartment buildings continue to be built along the 9 Avenue SE retail corridor.
Calgary Multifamily
- Calgary’s rental market is predicted to remain in high demand for 2023 due to several factors, including a growing population, a thriving labor market, and a fallback in home buying. Alberta had the 2nd fastest rates of annual rent increases in 2022, with a high influx of residents from Ontario and British Columbia.
- Calgary’s rental rates are significantly lower than Toronto and Vancouver, and with steady economic growth, higher borrowing costs for mortgages, and new purpose-built rental developments, the rental market is expected to remain strong in 2023.
- The rental vacancy rate dropped to 1.2% in stabilized buildings by the end of 2022, and with 29 new projects launched, adding 3,078 rental units to the market, rents are expected to increase by at least 5% in 2023. Calgary’s affordability and desirability, with hundreds of new jobs becoming available, make it an attractive city for people to reside in.
Alberta Tourism
- Alberta tourism industry went from generating $8.2 billion pre-pandemic to a low of $4.7 billion when there were strict public health measures in place. It is expected to rebound somewhat this year, bringing in about $5.2 billion.
