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Stories Tagged - Calgary Real Estate News

The new bridge over Macleoad Trail at 61st Avenue S.W. will include accessibility features such as elevators and escalators, have a covered four-metre walkway and a connection directly into the second level of Chinook Centre. Illustration courtesy City of Calgary
News

Aug. 29, 2016 | Cody Stuart

City reveals design for Chinook Centre pedestrian bridge

Construction to start in September

The City of Calgary has unveiled the final design for a new $13-million pedestrian bridge over Macloed Trail by 61st Avenue S.W.

The new bridge will include accessibility features such as elevators and escalators, have a covered four-metre walkway and a connection directly into the second level of Chinook Centre.

According to the City, the overpass will create a safe, accessible and convenient crossing for the more than 2,000 pedestrians that cross over Macleod Trail every day.

News

Aug. 26, 2016 | Mario Toneguzzi

Surprise, surprise

Experts provide feedback on Calgary's real estate market so far

It has been an interesting year for the Calgary real estate market considering the city's economy is still struggling due to ongoing uncertainty in the energy sector.

According to CREB®, year-to-date, until the end of July, MLS® sales of 10,952 were down 10.1 per cent compared with the same period a year ago. New listings of 21,191 were off by 2.23 per cent, but active listings of 5,847 were up by 9.64 per cent.

The average MLS sales price of $479,597 increased by 1.2 per cent. However, the benchmark price was down 3.68 per cent to $443,386.

Some housing and business experts were asked what has been the most surprising thing this year about the Calgary real estate market. Here are their responses:

DeWinton Community Association president Dusty Dancer says acreage living appeals to homeowners looking to create their own oasis. Photo by Wil Andruschak/for CREB®Now
News

Aug. 26, 2016 | Alex Frazer Harrison

The appeal of acreages

Out-of-town living resonates for those looking for laid-back lifestyle

Dusty Dancer likes his privacy – a natural evolution having owned an acreage property south of Calgary for nearly two decades.

So he gets the appeal of how some homeowners might be looking to leave the city for a little r 'n r.

"Some have their own nine-hole mini-golf course. You can make it whatever you want to be. You can't do that in the city," said Dancer, president of the DeWinton Community Association.

New listing decreases, while not matching sales declines, are helping to dampen significant price drops, says CREB®.
News

Aug. 26, 2016 | Joel Schlesinger

Listing leverage

Price declines being moderated by lack of listing activity, say experts

The numbers don't lie, but they can be misleading.

Calgary's real estate market so far this year has continued a pattern of year-over-year declines that was first set early in 2015.

According to CREB®, sales decreased by more than 10 per cent up to the end of July from the same time last year.

Yet, perhaps surprising, is the benchmark price is down just 3.7 per cent.

Deadheading involves cutting flowers off after they fade to encourage more flowers. Photo by Donna Balzer/For CREB®Now
News

Aug. 26, 2016 | Donna Balzer

Deadheading boosts blooms

But beware of Calgary's famous hail belt

newDonnawebWhat's with crazy gardening terms like "deadheading?" It sounds like something done in a dark alley, in private, after midnight.

Patrick Horner, a reader and fairly new gardener, wasn't sure at first, but he figured out from an online search that it meant cutting flowers off after they fade to encourage more flowers. He sent me an email: "If I am deadheading [my dianthus], what do I remove?"

Horner's plant in question is a perennial dianthus – a hardy dwarf relative of the common-cut flower the carnation. If he deadheads it, it may bloom again a bit this season, and will certainly bloom more heavily next year because it won't use up its energy making seeds this year.

Westmark Holdings general manager Paul Gerla envisions the Cooper's Town Promenade commercial area that's current being developed will be vibrant, functional open-air plaza to harmonize with existing community. Photo by Carl Patzel/For CREB®Now
News

Aug. 26, 2016 | Carl Patzel

Open for business

Commercial development in Airdrie steady despite downturn

Paul Gerla has long had a vision to develop a vibrant neighbourhood shopping destination in Airdrie's flourishing southwest quadrant.

And he wasn't about to let a downturn in the provincial economy distract him.

"When we evaluate a project like this, we think in terms of decades, not necessarily what's happening today," said Gerla, general manager of WestMark Holding Ltd., which is behind a new five-hectare Cooper's Town Promenade commercial district in the upscale Cooper's Crossing community.

At a time when employment uncertainty had waned for years, 1995 CREB® president Wayne McAlister recalled there being hope on the horizon that year in the form of jobs. Photo by Michelle Hofer/For CREB®Now
News

Aug. 23, 2016 | Cailynn Klingbeil

55 years of Calgary Real Estate: 1995 CREB® President Wayne McAlister

Despite a challenging year, 1995 CREB® president Wayne McAlister chose to focus on the silver linings

A self-described "eternal optimist," Wayne McAlister still couldn't be blamed for looking back at 1995 with some degree of pessimism.

After all, as CREB®'s president that year, he oversaw Calgary's housing industry at a time when employment uncertainty had waned for years, resulting in weak consumer confidence and a painfully slow market.

"There was a downturn in the early '90s, with oil down – dramatically low – and the whole economy was feeling the pinch," he said. "(By 1995), we were still experiencing an economic downturn. There was some good, some bad that year."

Inner-city high rises like Park Point are serving a growing niche of downsizers. Illustration courtesy Qualex-Landmark
News

Aug. 22, 2016 | Joel Schlesinger

Boomers making their mark

Condo developers respond to 'downsizing' needs

As the largest segment of the population in North America, baby boomers have shaped our world more than any other age group. And their impact on housing is profound.

Now, while this generation, born between 1946 and 1964, is becoming increasingly gray, the real estate industry is responding to their needs for housing.

Many developers in Alberta are turning their attention to high-density high-rises in centrally located neighbourhoods to reflect boomers' demand for stylish, worry-free living, said Parham Mahboubi, vice-president of planning and marketing at Qualex-Landmark — a Vancouver-based development firm which is the force behind Park Point in the Beltline along 12th Avenue S.W.

The Skydrop Smart Watering Sprinkler Controller monitors local weather in real time via Wi-Fi and delivers water only when and where needed.
News

Aug. 22, 2016 | Miles Durie

Summer tech

Cool backyard tools that turn up the heat this season

A6Ahh, summer in the city. What a great time to be a homeowner, right? Step out your door and survey your domain, listen to the birds, smell the flowers and greenery — then plan your evening barbecue.

But wait. There's a flipside to all that. Did you water the lawn and garden? Does it need mowing before you can enjoy it? Better get it done, because tonight you're going to have to hover over the grill to make sure your steaks are done to perfection, while your friends and family enjoy the results of your backyard labour.

Well, we all know technology can't solve every problem, but it can certainly help reduce the stress and time you devote to looking after your outdoor living space.

2003 CREB® president Rosalee Krygier says many REALTORS® were initially reluctant to embrace the Internet. Photo by Michelle Hofer/For CREB®Now
News

Aug. 22, 2016 | Cailynn Klingbeil

55 years of real estate: 2003 CREB® president Rosalee Krygier

President's tenure marked by arrival of MLXchange, rise in Internet usage 

When Rosalee Krygier took on the president's role at CREB® in 2003, the industry had just finished a record-breaking year.

Though the 2003 market didn't quite reach the frenetic pace of the year before, it was still a strong year.

"It was really balanced," Krygier said. "It was good, steady, not a controversial market."

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