New schools in the works across Calgary

For many homebuyers, especially young families, nearby schools are a major factor when it comes to choosing a house and neighbourhood. While Calgary is full of older, established schools, there are also a number of new schools that have recently opened or are slated to open in the near future – many of them in Calgary's newest communities. Here are the Calgary Board of Education and Calgary Catholic School District's new school projects.

Choosing the home audio system that's right for you

Great sound is a key part of any decent home entertainment setup, and these days it's pretty easy to find various systems that will give you fuller range and more volume than your TV's speakers or your phone's headset.

But if you're looking to kick it up a few notches and go for higher-quality audio, there are some important points to consider.

First and most importantly, is your top priority music or home theatre? You might think, "Hey, sound is sound, right?" But the sonic demands of music and movies are quite different.

Challenges continue for Calgary's rental market

"Very cautious optimism" is how Gerry Baxter, executive director of the Calgary Residential Rental Association, describes the industry's view of Calgary's current rental landscape.

While Canada Mortgage and Housing Corp. (CMHC) pegged Calgary's rental vacancy rate at seven per cent last fall – the highest it's been in more than 25 years – Baxter says he thinks residential vacancies in the city are actually closer to the eight-to-10-per-cent range.

"There's been some slight improvement in the rental market over the last few weeks, but it's still a challenge to rent," said Baxter, attributing the slack rental market to the economic downturn that started in late 2014 and early 2015.

It's the latest real estate trend and it's catching on quickly in Alberta – selling luxury properties on the auction block.

Although selling real estate through an auction process might seem like a new idea here in North America, Murray Lange, Alberta and British Columbia business development officer for New York-based Concierge Auctions, says the practice has actually been around for a long time.

Posh three- to eight-car private garages, $270,000 kitchens, expansive and multi-leveled outdoor living spaces, private elevators, 24-hour concierge service, plus million-dollar, park or water views — it's all typical of Calgary's new luxury condo market.

Nearby, quality schools are a must for many Calgary homebuyers

Tiffany Gaura wanted her two young kids to be able to easily walk to school without crossing a busy road.

In March, the family moved into the northeast, inner-city community of Bridgeland, two-and-a-half blocks away from the specialized Langevin School – a Calgary Board of Education (CBE) science school.

Meanwhile, Amanda and Jonathan Corson and their two-year-old son will move into a larger home in their Auburn Bay neighbourhood this November, just a short walk from the community's two new elementary schools – one in the Catholic school system, the other public.

"Whichever school he goes to, he should be within walking distance," said Amanda Corson, who is a teacher herself and who grew up walking to school.

How Calgary's housing market stacks up against other major centres

When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back and examine things in a broader context to provide points of comparison. This dose of perspective helps one to remember that while $400,000 might seem like a lot to ask for a detached home in one city, in another major metropolitan area, people might be hard pressed to find a home for less than twice that amount.

Gardening tips as autumn arrives

I walked the dog in a sweater this morning. Soon I will be wearing my down jacket. So, is this all we get? Is it the end of the garden season? No way!

Hold your horses and follow these dos and don'ts to get the most out of our shrinking garden season this month.

High supply in Calgary's condo market continues to push down prices

Calgary's condominium market continues to see the supply of available product overwhelm buyer demand, meaning owners looking to sell need to consider ways to set their unit apart from the crowd.

According to CREB®'s 2017 Economic Outlook & Regional Housing Market Mid-Year Update, the condo market has seen a slight rise in year-to-date sales over 2016, but not enough to keep pace with a rise in listings, up an average of nine per cent over last year.

That increased supply is putting downward pressure on prices, which are expected to continue to decrease during the rest of the year for an annual forecasted decline of three per cent.

How economic indicators actually drive the housing market

What do unemployment, migration and oil prices have in common? Apart from being touchy subjects at a party, they all influence the Calgary housing market to some extent. Understanding how and why that happens could provide an advantage when planning a home sale or purchase.

"In many cases the impact is indirect," said Ann-Marie Lurie, chief economist for CREB®.

One part of that impact relates to demand.