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Stories Tagged - Calgary Real Estate News

While he sees the province’s $5-million Municipal Solar Program as a positive first step, Greenenergy Renewable Energy Ltd. president Geoff McArthur says the new program may result in some Albertans sitting on the fence awaiting similar incentives for those in urban areas. Photo by Cody Stuart/Manging Editor/CREB®
News

Feb. 12, 2016 | Cody Stuart

Ray of sunshine

Residential homeowners left in the dark as province rolls out solar energy incentives

While the sun is set to shine a little brighter on some Albertans with news the provincial government will be offering increased incentives for solar power, others in the province are saying they're being left in the dark.

The Alberta government recently announced a $5-million Municipal Solar Program as part of its Climate Leadership Plan. Included in the plan are rebates of up to $0.75 per watt, to a maximum of $300,000 per project, to communities that install solar panels or set up solar panels in fire halls, community centres and offices.

Another $500,000 will go toward Alberta farmers who wish to generate their own electricity.

However, with the program largely ignoring the vast majority of residences, critics of the new incentives say they don't do enough to encourage more Albertans to go green.

Inner-city developer Rob Henschel has seen Calgary's attached housing market cool off over the past year, with activity declining in areas such as Marda Loop and Killarney. Photo by Michelle Hofer/For CREB®Now
News

Feb. 05, 2016 | Andrea Cox

Middle ground

Attached sector reacting similar to others during downturn

Softness in the city's attached housing market is creating opportunities for would-be buyers as increased selection is resulting in more competitive pricing, according to local housing officials.

Sales of row-type housing and semi-detached properties, which make up the city's attached market, decreased last month by 10.5 per cent compared to the same time last year, according to CREB®'s regional housing market report.

Listings also declined, yet by a more moderate 5.2 per cent. When combined with existing listings, year-over-year inventory levels jumped in January by more than 20 per cent.

More product on the market has meant sellers have had to be more competitive with their pricing. According to CREB®, the attached benchmark price was $345,600 last month, a 1.65 per cent decline from last month. Looking back on 2015, it slid 1.29 per cent from the start to the end of the year.

A rendering of the proposed central plaza in Bragg Creek that's part of a plan to revitalize the hamlet. Illustration courtesy Cal Srigley.
News

Feb. 05, 2016 | Lindsay Holden

New life for Bragg Creek

Plan is expected to provide more housing diversity, increase tourism options

A plan approved by Rocky View County late last year to rebuild Bragg Creek after the 2013 flood will also lift a 20-year building ban on the community and is expected to transform the hamlet from a through-point to Kananaskis with a mature population into a vibrant business community with young residents.

Long favoured by day-trippers, Bragg Creek has seen little change in decades due to the lack of water and wastewater infrastructure to support new residents. Under the new plan, the hamlet will encourage flood-resilient design, including homes raised on piles, roadways with permeable surfaces, and rustic themed landscaping that conceals structural dykes.

"The Hamlet of Bragg Creek is envisioned to be a vibrant commercial core that attracts residents and visitors, a thriving residential community, and a country atmosphere that is in harmony with the natural environment," said Amy Zaluski, acting policy supervisor in the planning department at Rocky View County.

Rock the Waves. Cochrane Rec Centre.
News

Feb. 05, 2016 | CREBNow

Cochrane rec centre reaches another milestone

Fundraising total also surpasses $4.5 million

Cochrane's $45-million aquatic and curling centre has taken another step forward, with construction on the structural steel frame now complete.

Roofing insulation on the 150,000-square-foot project, being constructed adjacent to the existing Spray Lakes Sawmills Family Sport Centre on the east side of town, has also started.

The remaining second floor and roof deck is in progress and is expected to be completed within the next few weeks, as will the installation of window frames and fire spray to structural beams and decks.

Stats
News

Feb. 05, 2016 | Jamie Zachary

Five things about housing stats

Understanding the lingo

CREB® released its regional housing market statistics earlier this week for January, showing the residential housing market is continued to be challenged by energy sector uncertainty. But what does it mean for homeowners?

CREB®Now breaks down the lingo in this week's "Five Things" feature.

Sales
CREB® reported that sales of all housing types in Calgary are down 13 per cent from last January to 763 units. By segment, however, a slightly different story begins to unfold. While sales in the detached market decreased by an identical 13 per cent, the attached sector dropped by just over 10 per cent, while the apartment sector fell by a precipitous 16 per cent. For sellers, this shows which segments are more active than others – keeping in mind that the detached sector still represents nearly two-thirds of all sales activity.

CREB® chief economist Ann-Marie Lurie expects the market to turn around in 2017, but doesn’t expect conditions to return to long-term trends. Photo by Adrian Shellard/For CREB®Now
News

Feb. 05, 2016 | Jamie Zachary

Timing the market

Housing stats indicate some buyers still sitting on the sidelines

Calgary's resale residential housing market picked up where it left off in 2015, with buyers' conditions prevailing through every major category last month, according to CREB®.

Yet with many homebuyers still sitting on the fence, local housing officials caution that historically it's been difficult to find a utopian moment to enter the market.

"Buyers, especially first-time buyers and investors, will do their best to time the bottom, but I think that will be really difficult," said CREB® president Cliff Stevenson, noting that few were able to do so during the last recession in 2008/09 when the upturn happened quickly. "I think this year it will be a guessing game as to when will be the best time to get into the market."

CALGARY, AB.; Jan 22, 2016 – Photo is of Bryan Mosley, who is a current homeowner  at McPherson Place. (Michelle Hofer/Michelle Hofer Photography) For CREB – Jamie Zachary.
News

Feb. 04, 2016 | Rose Ugoalah

Outside of the box

Shared-equity housing and other programs are creating solutions to the city's affordable housing crisis

Affordable housing advocates say more moderate population growth this year will not be enough to break down barriers to homeownership that many Calgarians continue to face.

Calgary Homeless Foundation vice-president of strategy Kevin McNichol said the housing market still cannot keep up with demand, with historically high prices prohibiting many people from owning a home of their own.

In late December, more than 3,600 people were on the Calgary Housing Company's wait list for subsidized and affordable housing units — the largest number of Calgarians waiting for a home since March 2012.

Donna Balzer
News

Feb. 04, 2016 | Donna Balzer

Who's afraid of the GMO?

Important to read the fine print when purchasing seeds

newDonnaweb

Last spring, my grandkids, so excited to hear about genetically modified organisms (GMOs), decided to make their own genetically modified food. Cohen, 7, worked with his brother Kale, 9, to develop a plant that would grow potatoes in the ground and pumpkins above ground. They cut a hole in each potato, stuffed a pumpkin seed into the hole and planted their modified potato as a unit.

"The leaves looked a bit like pumpkins," said Kale, "And we did get potatoes, but we never got any pumpkins."

While the experiment seemed to be a failure, Cohen later wondered aloud about a seedless kiwi he was eating. His mom explained that some foods don't have seeds because they have been genetically modified. She also told him some types of modified seed sprout and make grain that won't grow again because they have a suicide gene designed by big companies to die instead of grow.

News

Feb. 03, 2016 | CREBNow

Developers submit Stadium Shopping Centre proposal

Redevelopment is being envisioned as a 800,840-square-foot mixed-use hub.

Marshall Tittemore Architects (MTa) confirmed it has submitted a development permit application for the redevelopment of the Stadium Shopping Centre that would create a proposed 800,840-square-foot mixed-use hub in Calgary's northwest.

Over the past nine months, MTA has been working in collaboration with current shopping centre owner Western Securities, as well as Stuart Olsen on the proposed development.

"MTa is excited to continue its support to the entire team in professing this proposed development in the near future, transforming this area into a social diverse mixed-use urban environment," the company said in a release.

January 22 2016, Calgary AB, Pam Fieber of Edit Home Staging poses with a accent pillow in a Bow Crescent home represented by Perry Lagler-Remax (Wil Andruschak/CREB NOW)
News

Feb. 03, 2016 | Shelley Boettcher

The winter sell

How to stage your home during the 'off-season'

Your home has been on the market. You want an offer. You want it fast.

Problem is, nothing kills your property's curb appeal than winter – piles of snow, leafless trees, mud and ice.

So how do you make your home stand out in a buyer's market during the "off-season?"

Calgary-based home stager Pam Fieber suggests you start by keeping all walkways — front and back — safe, clean, hazard-free and easy to access.

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