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Stories Tagged - Calgary Real Estate News
News
April 01, 2016 | CREBNow
Report card shows Airdrie residents are satisfied
More than 90 per cent of Airdronians feel safe
Airdronians are generally a happy bunch – at least with local amenities and services, according to the City of Airdrie's 2016 citizen satisfaction survey.
Residents' rating of overall quality of life, quality of services and efficiency of services remained strong, with no significant change from 2015.
To read the full survey, click here.
Airdronians are generally a happy bunch – at least with local amenities and services, according to the City of Airdrie's 2016 citizen satisfaction survey.
Residents' rating of overall quality of life, quality of services and efficiency of services remained strong, with no significant change from 2015.
To read the full survey, click here.
News
April 01, 2016 | Andrea Cox
Above the curve
Small-volume builders say they've been largely unaffected by the economy
Alberta's economic downturn is not impacting all areas of the housing industry in the same way, according to small-volume builders who say their niche is, in fact, busier than ever.
"We are pretty much unaffected by the economy," said Brian Cook of Cook Custom Homes, a Calgary-based micro-builder that designs and builds five homes per year. "There is still money in Calgary and those who work in economy-friendly industries are building homes."
Cook noted one of the only differences he's seeing is in buying strategy, especially with spec homes. When the market was hot, buyers would tour a home once and put in an offer.
Alberta's economic downturn is not impacting all areas of the housing industry in the same way, according to small-volume builders who say their niche is, in fact, busier than ever.
"We are pretty much unaffected by the economy," said Brian Cook of Cook Custom Homes, a Calgary-based micro-builder that designs and builds five homes per year. "There is still money in Calgary and those who work in economy-friendly industries are building homes."
Cook noted one of the only differences he's seeing is in buying strategy, especially with spec homes. When the market was hot, buyers would tour a home once and put in an offer.
News
April 01, 2016 | CREBNow
Housing prices trend down in March: CREB®
Unemployment impacting housing activity
Home prices declined further in March as economic conditions weigh on Calgary's housing market, according to CREB®, which released its monthly housing summary today.
Calgary's benchmark price totaled $442,800 in March, a 0.49 per cent decline over February and 3.51 per cent lower than levels recorded last year.
"With no improvement in the labour market, it's no surprise that we continue to face downward pressure on housing sales activity and prices," said CREB® chief economist Ann- Marie Lurie.
Home prices declined further in March as economic conditions weigh on Calgary's housing market, according to CREB®, which released its monthly housing summary today.
Calgary's benchmark price totaled $442,800 in March, a 0.49 per cent decline over February and 3.51 per cent lower than levels recorded last year.
"With no improvement in the labour market, it's no surprise that we continue to face downward pressure on housing sales activity and prices," said CREB® chief economist Ann- Marie Lurie.
News
April 01, 2016 | Jamie Zachary
5 things about spring renos
Tips heading into patio season
Spring has sprung, meaning the handyman in your family is likely itching to tackle that outdoor project that's been nagging at him or her for months.
With patio season in sight, here are five tips from the City of Calgary's Planning and Development department before tackling your spring reno project:
Backyard decks
Before you start, the City suggests determining whether you're building a pergola or roof structure that is attached to your house. If it's an extension to the house, it's considered an addition, in which case you will need to apply for a building permit. For uncovered decks that are not located on the same facade as a basement walkout entry, the maximum height is 1.5 metres in a developed area. In both the developed and developing areas, the height of a deck cannot exceed 0.3 metres above the main floor level of a house.
Spring has sprung, meaning the handyman in your family is likely itching to tackle that outdoor project that's been nagging at him or her for months.
With patio season in sight, here are five tips from the City of Calgary's Planning and Development department before tackling your spring reno project:
Backyard decks
Before you start, the City suggests determining whether you're building a pergola or roof structure that is attached to your house. If it's an extension to the house, it's considered an addition, in which case you will need to apply for a building permit. For uncovered decks that are not located on the same facade as a basement walkout entry, the maximum height is 1.5 metres in a developed area. In both the developed and developing areas, the height of a deck cannot exceed 0.3 metres above the main floor level of a house.
News
April 01, 2016 | CREBNow
Housing market correction fears exaggerated: report
Stability fears have no support, says Fortress
According to a new report from Fortress Real Developments, some "hot button" threats to housing market stability in Canada — including foreign investors, mortgage fraud and over leveraged buyers — have "no comprehensive statistical support."
"No government agency or private entity publishes data on international homebuyers or their source of funds," said Ben Myers, senior vice-president of market research and analytics at Fortress, and author of the report.
"It is impossible to fully assess the impact of foreign buyers, inappropriate mortgage activity or the extent to which Canadians are responsible borrowers based on the currently available data. With the limited information out there, and our own survey research, we feel the fears of a major house price correction are overblown."
According to a new report from Fortress Real Developments, some "hot button" threats to housing market stability in Canada — including foreign investors, mortgage fraud and over leveraged buyers — have "no comprehensive statistical support."
"No government agency or private entity publishes data on international homebuyers or their source of funds," said Ben Myers, senior vice-president of market research and analytics at Fortress, and author of the report.
"It is impossible to fully assess the impact of foreign buyers, inappropriate mortgage activity or the extent to which Canadians are responsible borrowers based on the currently available data. With the limited information out there, and our own survey research, we feel the fears of a major house price correction are overblown."
News
March 31, 2016 | Joel Schlesinger
Little house on the alley
Laneway homes could soon turn Calgary's back alleys into thriving mini-communities
Paul and Jill Robert have big plans for the little home they're building on their back lane.
Only the dwelling isn't for them. The Roberts already live in the wartime house in the northwest neighbourhood of West Hillhurst on the same lot where Paul, a professor at the Alberta College of Art and Design, grew up.
Instead, the diminutive back-lane house is for Jill's parents who are selling their home in Edmonton and moving to Calgary to be closer to family.
Paul and Jill Robert have big plans for the little home they're building on their back lane.
Only the dwelling isn't for them. The Roberts already live in the wartime house in the northwest neighbourhood of West Hillhurst on the same lot where Paul, a professor at the Alberta College of Art and Design, grew up.
Instead, the diminutive back-lane house is for Jill's parents who are selling their home in Edmonton and moving to Calgary to be closer to family.
News
March 30, 2016 | Kathleen Renne
The next big thing
Where will Calgary's newest hot spot emerge?
People are always on the lookout for the next big thing, and that search extends to the world of real estate.
When it comes to reading the proverbial crystal ball as to which community will emerge as Calgary's next inner-city hot spot, the author of the blog The Everyday Tourist, Richard White, suggests one look north.
"The northwest inner-city communities are becoming much more urban and desirable," says White, explaining the growth of these communities has coincided with the relatively recent expansion of facilities like the Alberta Children's Hospital, the Foothills Medical Centre, SAIT and the University of Calgary campus.
People are always on the lookout for the next big thing, and that search extends to the world of real estate.
When it comes to reading the proverbial crystal ball as to which community will emerge as Calgary's next inner-city hot spot, the author of the blog The Everyday Tourist, Richard White, suggests one look north.
"The northwest inner-city communities are becoming much more urban and desirable," says White, explaining the growth of these communities has coincided with the relatively recent expansion of facilities like the Alberta Children's Hospital, the Foothills Medical Centre, SAIT and the University of Calgary campus.
News
March 29, 2016 | Tyler Difley
It takes two
Dual-master homes occupy important niche in Calgary market
Dual-master homes aren't a new phenomenon in the Calgary market, but they have long been popular among a growing cross-section of homebuyers whose needs cannot be met by a standard three-bedroom layout.
According to Wendy Jabusch, president of the Canadian Home Builders' Association-Calgary region, Calgary homebuilders have been building dual-master suites for roughly a decade, primarily in smaller home offerings.
"They would typically be in the small single-family homes, townhomes and that kind of thing," Jabusch said. "Certainly, in the apartment product, we've seen dual-master bedrooms for many years."
Dual-master homes aren't a new phenomenon in the Calgary market, but they have long been popular among a growing cross-section of homebuyers whose needs cannot be met by a standard three-bedroom layout.
According to Wendy Jabusch, president of the Canadian Home Builders' Association-Calgary region, Calgary homebuilders have been building dual-master suites for roughly a decade, primarily in smaller home offerings.
"They would typically be in the small single-family homes, townhomes and that kind of thing," Jabusch said. "Certainly, in the apartment product, we've seen dual-master bedrooms for many years."
News
March 28, 2016 | Paula Trotter
Island living
Foothills Home Lottery to give away $2.4-million home in Mahogany
Imagine living on a secluded island without ever needing to leave Calgary.
This will soon be the reality for one lucky homeowner.
This year's Foothills Hospital Home Lottery grand prize is a 5,890-square-foot custom-built estate home located in the southeast gated community of Mahogany Island valued at $2.4 million.
Imagine living on a secluded island without ever needing to leave Calgary.
This will soon be the reality for one lucky homeowner.
This year's Foothills Hospital Home Lottery grand prize is a 5,890-square-foot custom-built estate home located in the southeast gated community of Mahogany Island valued at $2.4 million.
News
March 24, 2016 | CREBNow
5 things you need to know about curb appeal
What you should consider before listing your home
A smart seller knows that there is work to be done before listing a property. When you're up against a buyer's market, diligence is required in order to gain a competitive advantage. Curb appeal will translate value to potential buyers when they view your property.
Here are five things to consider before taking your property to market:
1. Take a look from the buyer's perspective
Give the house and yard (all things within the scope of property) an honest aesthetic assessment. Within the first few moments of viewing a property, a buyer has formed either a negative or positive biased.
A smart seller knows that there is work to be done before listing a property. When you're up against a buyer's market, diligence is required in order to gain a competitive advantage. Curb appeal will translate value to potential buyers when they view your property.
Here are five things to consider before taking your property to market:
1. Take a look from the buyer's perspective
Give the house and yard (all things within the scope of property) an honest aesthetic assessment. Within the first few moments of viewing a property, a buyer has formed either a negative or positive biased.