Abundance of options underlines the importance of setting priorities

A million dollars used to buy a lot of home for your money.

But what will $750,000 – $1 million get a homebuyer in Calgary today?

Stephanie Campbell, a REALTOR® with Kirby Cox & Associates, says the answer depends entirely on the home's location and your lifestyle priorities.

Leaders in middle-ring suburbs grapple with current challenges, while looking to the future

Calgary is a city that is continuing to grow and expand, with new suburbs and surrounding areas showing marked growth this year, yielding new infrastructure and amenities for residents. However, while Calgary's newer communities expand, older communities are experiencing unique challenges.

How much home can you afford?

Shopping for the home of your dreams requires knowing how much you can afford to spend, which for most buyers ties directly into a mortgage.

Financial institutions in Canada look at a buyer's Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to help determine how much mortgage to approve, and therefore, how much home a person can afford.

Middle-aged gardens are easy to enjoy

New homes offer garden "potential," but "middle-aged" homes have the garden goods. They are packed with free stuff: plants, patios, fences and fixtures. But how do you look after mature gardens this month?

Calgary's established suburbs are full of vintage character and reno potential

There are tens of thousands of Calgary homes built from the 1950s through the early 1970s in what were then new suburbs. One thing many of those homes have in common is the need for updating to modern tastes.

When Lewis Cowie bought a home in Kingsland about six years ago, it was as if time had stood still in the classic, 1950s bungalow. Most of the home was still original, right down to the bathroom fixtures, so a major renovation project was in order.

Luckily, Cowie is a director with Corefront Custom Homes & Renovations, and his company was ready for the challenge.

A new look at old neighbourhoods

In addition to the Twist and Woodstock, a lot of great neighbourhoods were created in the 1960s. Today, Calgary's middle-ring suburbs – those developed between 1950 and the early 1970s – face some serious challenges, but, at the same time, some unique opportunities.

"These neighbourhoods are in a good location, fairly close to downtown, and feature large lots with single-family, detached bungalows and split levels," said Francisco Alaniz Uribe, an assistant professor in the faculty of environmental design at the University of Calgary. Uribe co-authored a study on the city's middle-ring communities with his colleague Beverly A. Sandalack, professor and associate dean with the faculty of environmental design.

Prices steady, but struggles in Alberta economy weigh on housing

Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market.

Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery.

"Slower sales do not come as a surprise, given the economy has not yet improved enough to offset the impact of changes in the lending industry," said CREB® chief economist Ann-Marie Lurie.

"While the rising inventories are being monitored, prices have remained relatively flat as gains in some areas of the city have been offset by declines in other areas."

Middle-ring neighbourhoods offer perfect balance of suburban charm and inner-city convenience

Between the inner city and the burgeoning suburbs lie Calgary's so-called "middle-ring neighbourhoods," a concept explored in a 2010 study by the University of Calgary's faculty of environmental design.

As the study describes, Calgary's 80 middle-ring neighbourhoods – which include communities like Acadia, Glamorgan and Huntington Hills – are those developed between the 1950s and 1970s and "poised to undergo redevelopment."

Canyon Meadows, established in 1963, is one such community. When Gurmit Bhachu, the current president of the Canyon Meadows Community Association, moved to Calgary in 2004, he and his wife looked for a home.

How to control almost everything in your home with your phone

Want to have the coolest home on the block? Then fill it with all the latest smart home devices.

"A lot of people are familiar with smart home, and they have bits and pieces of it, but are looking at expanding," said Steven Toews, general manager of Best Buy's Deerfoot Meadows location.

According to Toews, smart lighting is the top-selling smart home category.

Imagine all the stories. As part of CREB^®’s 75 anniversary celebration, we thought It’d be fun to ask 75 Calgary REALTORS^® about their advice for first time buyers and to recount their own experience entering the market for the first time.

Check out some of the 75^th yearbook REALTORS^® below.