Local REALTOR® helps Mexican families find a home

For most Canadians, packing up and heading to Mexico means relaxing on the beach with a cold beverage in hand. For Calgary REALTOR® Dick Oakes, it means something else entirely.

CREB®Now sat down with CREB® chief economist Ann-Marie Lurie to reflect on the housing market and Calgary real estate in 2017.

It's the biggest investment we are ever likely to make, yet too often buying and selling a home comes with a bunch of misconceptions about making the most of that investment.

Len T. Wong, broker/owner of RE/MAX Len T. Wong and Associates, chalks these misconceptions up to a lack of information, rather than any fundamental misunderstandings about the buying and selling process. Providing that education to the client, he says, is the role of an experienced REALTOR®.

Here are the top five buying and selling misconceptions Wong has seen throughout his 25-year real estate career:

New HQ or not, e-commerce giant's impact is already being felt

Let's call it the "Amazon effect": the cascading economic stimulation that comes from one of the world's largest corporations taking up residence in your market.

It is an effect already being felt in the Calgary region after the announcement that the e-commerce giant will be opening a 600,000-square-foot distribution centre in Balzac – employing 750 full-time workers, and an additional 450 part-time or seasonally, by the end of 2018.

Innovative University District set to fill area housing gap

The concept of an all-in-one community where residents can live, work and play was the inspiration for Calgary's University District, a comprehensive 200-acre community featuring a mix of residential housing, office space, retail developments, parks and green space.

Under development in northwest Calgary, University District is a community that typifies shifting attitudes about the city's expansion, says James Robertson, president and CEO of West Campus Development Trust.

November marks a rise in sales

The November housing market was spurred by a rise in sales, particularly in the lower price ranges.
Sales totaled 1,411 units in November, an increase of 15 per cent over last year. This is comparable to longer-term averages for the month of November. Improved sales activity occurred in each of the housing segments, with most of the gains occurring in homes priced under $500,000.

Bringing people together sets new rec centre apart

Building a community and building a sense of community are two different things. The City of Calgary understands that distinction, and the new Shane Homes YMCA at Rocky Ridge is a prime example.

As construction of new neighbourhoods proceeds at a frantic pace, the City is doing its best to make these collections of houses feel like home. That's why it committed $480 million to develop four recreation centres in freshly built suburbs. One of those projects, approved in 2012 and set to open in January of 2018, is the new recreational facility in the northwest community of Rocky Ridge.

Time spent saving paid off in the form of a new Savanna duplex for Amandeep Khaira

Amandeep Khaira loves her five-year-old daughter Jannat with all her heart. So providing her with a safe and cozy home was at the top of the priority list when the 32-year-old, single mom moved to Canada from India three years ago. She scrimped and saved, and in July, she took possession of her first home – a three-bedroom, two-storey duplex in Savanna, a new section of the northeast community of Saddle Ridge. It was a dream come true.

Dear Santa,

I know you're pretty busy these days getting ready for your epic journey. You must receive millions of letters. I can't imagine how time-consuming it is for you, but if you have a chance, please read mine.

Jackie and Michael Bernard stayed put in their first house as the community around them blossomed

When self-professed inner-city people Jackie and Michael Bernard purchased their 1,100-square-foot bungalow as a starter home in 1992, they thought they would stay for a few years, build some equity and then move to a larger home closer to the core. At the time, their home in the Lynnwood Ridge district of Ogden was "really far away" from the action and bustle of the downtown, but over the years, shopping destinations and several other amenities have popped up within minutes of this secret gem of a neighbourhood. As a result, the couple decided to stay put, making their starter home their forever home.