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Stories Tagged - Calgary Real Estate News
News
March 24, 2016 | CREBNow
City to hold property tax sale
Properties in arrears up for grabs
The City of Calgary is hoping the prospect of having their home offered up to the highest bidder is enough to encourage a few Calgarians to catch up on their taxes.
Each year properties with more than three years outstanding tax arrears are offered for sale by the City of Calgary. Owners are notified a year in advance of the sale in hopes the owners will make an effort to catch up on any outstanding balance.
Currently, the list of properties stands at four pages, with properties deleted from the list as the outstanding taxes are paid.
The City of Calgary is hoping the prospect of having their home offered up to the highest bidder is enough to encourage a few Calgarians to catch up on their taxes.
Each year properties with more than three years outstanding tax arrears are offered for sale by the City of Calgary. Owners are notified a year in advance of the sale in hopes the owners will make an effort to catch up on any outstanding balance.
Currently, the list of properties stands at four pages, with properties deleted from the list as the outstanding taxes are paid.
News
March 24, 2016 | Cody Stuart
Signs of spring
Warm weather brings indications of spring market to city
Following the second warmest February on record, the warm, sunny snow-free conditions emblematic of a spring housing market are already on display in our city. And while Calgary's housing market hasn't yet fully emerged from the doldrums, there are at least some signs of life.
With double-digit declines being the norm in 2015 for year-over-year sales, including several months of declines in excess of 25 per cent, the first two months of 2016 have seen the decline lessen.
Since October 2015, when year-over-year sales in the city fell by 33.2 per cent according to CREB®, Calgary's housing market has seen those declines lessen to 28.7 per cent in November, 18.1 per cent in December, 12.6 percent in January 2016 with February seeing the first single-digit decline in the city since December of 2014.
Following the second warmest February on record, the warm, sunny snow-free conditions emblematic of a spring housing market are already on display in our city. And while Calgary's housing market hasn't yet fully emerged from the doldrums, there are at least some signs of life.
With double-digit declines being the norm in 2015 for year-over-year sales, including several months of declines in excess of 25 per cent, the first two months of 2016 have seen the decline lessen.
Since October 2015, when year-over-year sales in the city fell by 33.2 per cent according to CREB®, Calgary's housing market has seen those declines lessen to 28.7 per cent in November, 18.1 per cent in December, 12.6 percent in January 2016 with February seeing the first single-digit decline in the city since December of 2014.
News
March 21, 2016 | Paula Trotter
The pursuit of barrier-free living
Accessibility advocates call for mandatory universal design to be part of Alberta Building Code
Barry Lindemann jokes that he can tell how much his friends like him by the number of steps they have leading up to their front door.
The born-and-raised Calgarian has been in a wheelchair since 1994 when he suffered a spinal cord injury after a diving accident at Buck Lake in central Alberta. He was 22.
"I never did get to see my bedroom again because it was downstairs," he said. "It's just the way of life where stairs are the enemy. You want to go about doing the same things you use to, but it seems like there are hurdles everywhere."
As a young adult who was determined to live a full, independent life, Lindemann was fortunate to get one of the handful of barrier-free suites at Chinook House, a residential property run by the non-profit Accessible Housing.
It's still his home 21 years later.
"No one has moved from my building in almost 10 years," said Lindemann, explaining there is a lack of barrier-free homes in Calgary. "I visit new injuries at the hospital, and people are in there for six months to a year because there are no suitable living situations.
"We don't have to recreate the wheel. If you're going to build housing, build in accessibility."
Barry Lindemann jokes that he can tell how much his friends like him by the number of steps they have leading up to their front door.
The born-and-raised Calgarian has been in a wheelchair since 1994 when he suffered a spinal cord injury after a diving accident at Buck Lake in central Alberta. He was 22.
"I never did get to see my bedroom again because it was downstairs," he said. "It's just the way of life where stairs are the enemy. You want to go about doing the same things you use to, but it seems like there are hurdles everywhere."
As a young adult who was determined to live a full, independent life, Lindemann was fortunate to get one of the handful of barrier-free suites at Chinook House, a residential property run by the non-profit Accessible Housing.
It's still his home 21 years later.
"No one has moved from my building in almost 10 years," said Lindemann, explaining there is a lack of barrier-free homes in Calgary. "I visit new injuries at the hospital, and people are in there for six months to a year because there are no suitable living situations.
"We don't have to recreate the wheel. If you're going to build housing, build in accessibility."
News
March 18, 2016 | Mario Toneguzzi
The many faces of prices
A guide to distinguishing average, median and benchmark prices
Sellers and potential buyers in today's residential real estate market can be understandably excused if they are confused about what's happening with housing prices.
After all, for both, price changes in the market are supremely important. Plus, CREB® gathers price information that, to the untrained eye, can tell different stories.
For example, in February, CREB® reported the benchmark price in the city for all MLS® properties that were sold was $445,000, or down 3.45 per cent from February 2015. However, the average MLS® sale price increased by 2.72 per cent to $472,529 while the median price was unchanged at $420,000.
From top to bottom, that's a difference of close to $30,000.
So what should one look at if they are either selling a home in this tough market or hoping to buy one?
A good start would be by looking at what each price category entails, said CREB® chief economist Ann-Marie Lurie. For example, the median price looks at every sale that has occurred in the market, ranking them from lowest to highest. The median price is the midpoint of all the sales.
Lurie said the average sale price is adding up the total dollar sum of the purchases divided by the number of total sales.
Sellers and potential buyers in today's residential real estate market can be understandably excused if they are confused about what's happening with housing prices.
After all, for both, price changes in the market are supremely important. Plus, CREB® gathers price information that, to the untrained eye, can tell different stories.
For example, in February, CREB® reported the benchmark price in the city for all MLS® properties that were sold was $445,000, or down 3.45 per cent from February 2015. However, the average MLS® sale price increased by 2.72 per cent to $472,529 while the median price was unchanged at $420,000.
From top to bottom, that's a difference of close to $30,000.
"It's looking at values based on criteria such as square footage, total bedrooms and bathrooms, location, property type."
So what should one look at if they are either selling a home in this tough market or hoping to buy one?
A good start would be by looking at what each price category entails, said CREB® chief economist Ann-Marie Lurie. For example, the median price looks at every sale that has occurred in the market, ranking them from lowest to highest. The median price is the midpoint of all the sales.
Lurie said the average sale price is adding up the total dollar sum of the purchases divided by the number of total sales.
News
March 18, 2016 | Cody Stuart
'A livelier neighbourhood'
Highland Park reimagining could invigorate northwest community
The former Highland Golf Course in northwest Calgary could be host to a new kind of activity in the form of a major redevelopment.
Developer Maple Projects Inc. recently shared plans for its "reimagining" of the 21-hectare site – which would include up to 2,100 housing units as well as a commercial development along Centre Street N. – at an open house which drew, among others, members of the local community association, who believe the development could provide a boost to the area.
"Absolutely, it can be a huge benefit for the community,"
"Absolutely, it can be a huge benefit for the community," said Paul Engler, chair of the development committee for the Highland Park Community Association. "We are looking very much forward to it. We are working with the developer to come up with something that's awesome for them, for our future neighbours and for our existing neighbours."
The former Highland Golf Course in northwest Calgary could be host to a new kind of activity in the form of a major redevelopment.
Developer Maple Projects Inc. recently shared plans for its "reimagining" of the 21-hectare site – which would include up to 2,100 housing units as well as a commercial development along Centre Street N. – at an open house which drew, among others, members of the local community association, who believe the development could provide a boost to the area.
"Absolutely, it can be a huge benefit for the community,"
"Absolutely, it can be a huge benefit for the community," said Paul Engler, chair of the development committee for the Highland Park Community Association. "We are looking very much forward to it. We are working with the developer to come up with something that's awesome for them, for our future neighbours and for our existing neighbours."
News
March 14, 2016 | Rachel Naud
Spring into seasonal decor
Five ways to decorate your home for spring
There's a reason we get a little spring in our step come March. After a long, dreary, cold winter, the days are getting longer and sunnier, giving us a glimpse of warm days to come.
Not only does this make us shed the heavy layers of our wardrobe, but it also inspires us to lighten up our decor at home.
"I think a lot of us get an itch toward the end of a long dark winter to see some colour and life," said Tracy Wharton, owner and principal designer of Dovecote Design Studio in Calgary.
There's a reason we get a little spring in our step come March. After a long, dreary, cold winter, the days are getting longer and sunnier, giving us a glimpse of warm days to come.
Not only does this make us shed the heavy layers of our wardrobe, but it also inspires us to lighten up our decor at home.
"I think a lot of us get an itch toward the end of a long dark winter to see some colour and life," said Tracy Wharton, owner and principal designer of Dovecote Design Studio in Calgary.
News
March 14, 2016 | Alex Frazer Harrison
Force to be reckoned with
Chestermere's growth reflects growing interest in satellite communities, say officials
The first permanent homes in Chestermere were built he same year the first Star Wars film came out: 1977
Seven movies later, the city's population is approaching 19,500 – with proposed development expected to double that number in the years to come.
"Fantastic cities attract fantastic people," said Mayor Patricia Matthews. "We have this huge body of water that's a great attractor for a lot of people. You get that feel of being out in the country – that retreat moment when you come home."
The first permanent homes in Chestermere were built he same year the first Star Wars film came out: 1977
Seven movies later, the city's population is approaching 19,500 – with proposed development expected to double that number in the years to come.
"Fantastic cities attract fantastic people," said Mayor Patricia Matthews. "We have this huge body of water that's a great attractor for a lot of people. You get that feel of being out in the country – that retreat moment when you come home."
News
March 14, 2016 | Barb Livingstone
Wild, wild west
West Downtown redevelopment pushes forward, aims to get out of West Village's shadow
While debate continues on West Village and its controversial CalgaryNEXT sports facility proposal, just next door the Downtown West neighbourhood is continuing its path toward future redevelopment.
After public input into community needs — through online surveys, an open house and ballot boxes and displays in 10 neighbourhood buildings — conducted at the end of 2015, a new draft area redevelopment plan (ARP) is now going through technical and other internal review processes, said City of Calgary planner Julie McGuire, who is managing the Downtown West project.
The document will outline a proposed vision for the area, including refined rules for development types and incentives such as allowing developers increased density if they provide arts spaces, use green building features, fund improved streetscapes and parks, or contribute to an affordable housing fund.
While debate continues on West Village and its controversial CalgaryNEXT sports facility proposal, just next door the Downtown West neighbourhood is continuing its path toward future redevelopment.
After public input into community needs — through online surveys, an open house and ballot boxes and displays in 10 neighbourhood buildings — conducted at the end of 2015, a new draft area redevelopment plan (ARP) is now going through technical and other internal review processes, said City of Calgary planner Julie McGuire, who is managing the Downtown West project.
The document will outline a proposed vision for the area, including refined rules for development types and incentives such as allowing developers increased density if they provide arts spaces, use green building features, fund improved streetscapes and parks, or contribute to an affordable housing fund.
News
March 11, 2016 | CREBNow
RESOLVE's Stepping Stone Manor nears completion
Beltline assisted-living building first for campaign
Calgarians at risk of homeless will soon have added housing options, with the news that Stepping Stone Manor, a 30-unit assisted-living apartment building in Calgary's Beltine, is near completion.
Representing the first new construction project to be completed through the RESOLVE campaign, the building has funded by donors, provincial grants and built by Cedarglen Living Inc.
Calgarians at risk of homeless will soon have added housing options, with the news that Stepping Stone Manor, a 30-unit assisted-living apartment building in Calgary's Beltine, is near completion.
Representing the first new construction project to be completed through the RESOLVE campaign, the building has funded by donors, provincial grants and built by Cedarglen Living Inc.