Calgary's trusted source of real estate news, advice and statistics since 1983.
News
July 07, 2017 | CREBNow
Canada 150: Part 4
A celebration of the attractions and places that make this city great.
News
June 29, 2017 | Gerald Vander Pyl
Law of the land
Professional legal help can benefit any real estate transaction
Buying or selling a home is a process that benefits greatly from professional help, and that especially true on the legal side of things.
Calgary Legal Guidance (clg.ab.ca) has information on selling and buying real estate in its Dial-A-Law series, including the role a lawyer plays.
Jeffrey Kahane of Kahane Law Office in Calgary says most people don't get a lawyer involved until the conditions of a sales agreement are waived, "because then you've got a firm deal."
Buying or selling a home is a process that benefits greatly from professional help, and that especially true on the legal side of things.
Calgary Legal Guidance (clg.ab.ca) has information on selling and buying real estate in its Dial-A-Law series, including the role a lawyer plays.
Jeffrey Kahane of Kahane Law Office in Calgary says most people don't get a lawyer involved until the conditions of a sales agreement are waived, "because then you've got a firm deal."
News
June 29, 2017 | Donna Balzer
Wildlife magnets

There is a dark side to living close to parks when you have a garden: wildlife. Park animals will always prefer your tasty seeds and expensive perennials over the slim pickings in the park.
"I have a severe squirrel problem here ... they are digging up the seeds I keep replanting," said my friend Jeannine Oakes. I laughed, but should have been more sympathetic.
Deer are also a frequent nuisance for many people that live near parks, but there are ways to stop them from feasting on your garden.
News
June 21, 2017 | Lauren Thorson
30 Years of HOPE
CREB®'s Charitable Foundation celebrates 30th anniversary
Most will gift pearls to celebrate their 30-year anniversary, but CREB®'s Charitable Foundation is going the more practical route with a gift of $300,000 to support local non-profits through its Investing in HOPE program.
Since 1987, the Charitable Foundation has contributed more than $6 million to more than 150 non-profit organizations in the community.
"The Investing in HOPE program is so special for so many reasons," said Aneve MacKay-Lyons, manager of CREB®'s Charitable Foundation.
"Our 30-year legacy has helped numerous charities and with this being one of our biggest funding initiatives ever, we're about to be a part of something incredibly impactful for local families and the community."
Most will gift pearls to celebrate their 30-year anniversary, but CREB®'s Charitable Foundation is going the more practical route with a gift of $300,000 to support local non-profits through its Investing in HOPE program.
Since 1987, the Charitable Foundation has contributed more than $6 million to more than 150 non-profit organizations in the community.
"The Investing in HOPE program is so special for so many reasons," said Aneve MacKay-Lyons, manager of CREB®'s Charitable Foundation.
"Our 30-year legacy has helped numerous charities and with this being one of our biggest funding initiatives ever, we're about to be a part of something incredibly impactful for local families and the community."
News
June 21, 2017 | Andrea Cox
A lake of their own
Family on a "mini-vacation every day" at their new Auburn Bay home
The moment Jennifer and Justin Humphries drove through the entrance gates into Auburn Bay, one of Calgary's newest lake communities, they were sold on the lake lifestyle. That was five years ago in 2012, when the couple was living in McKenzie Towne and had recently had their first child. They wanted more from their neighbourhood, and lake living was a top priority. Auburn Bay checked all of the couple's boxes.
The moment Jennifer and Justin Humphries drove through the entrance gates into Auburn Bay, one of Calgary's newest lake communities, they were sold on the lake lifestyle. That was five years ago in 2012, when the couple was living in McKenzie Towne and had recently had their first child. They wanted more from their neighbourhood, and lake living was a top priority. Auburn Bay checked all of the couple's boxes.
News
June 08, 2017 | CREBNow
A steady spring
Demand for detached housing continues to rise
The detached housing market continues to lead the way in Calgary's slow but steady recovery from a two-year recession. It is the fourth consecutive month of price increases in this segment of the market.
For the first time since June 2015, prices for detached homes did not decline on a year-over-year basis. Unadjusted detached benchmark prices reached $509,000 in May – one per cent higher than last month and levels recorded last year.
Detached sales improved across all price ranges and represented 65 per cent of all Calgary sales in May, the highest level since 2012. The largest detached sales growth occurred in the $600,000 - $999,999 range.
The detached housing market continues to lead the way in Calgary's slow but steady recovery from a two-year recession. It is the fourth consecutive month of price increases in this segment of the market.
For the first time since June 2015, prices for detached homes did not decline on a year-over-year basis. Unadjusted detached benchmark prices reached $509,000 in May – one per cent higher than last month and levels recorded last year.
Detached sales improved across all price ranges and represented 65 per cent of all Calgary sales in May, the highest level since 2012. The largest detached sales growth occurred in the $600,000 - $999,999 range.
News
June 15, 2017 | CREBNow
Alberta sees increase in home renovation spending during first quarter of 2017
The number of Albertans spending money on renovations for their existing homes and recreational properties is on the rise.
According to Statistics Canada, investment in home renovations in the first quarter of 2017 hit a record high of $1.78 billion. A release from ATB Financial's Economics and Research Team says this is close to double the spending a decade ago.
Todd Hirsch, chief economist with ATB Financial, says he was surprised by the data for the first three months of this year.
"The increase that we saw in late 2016 and the first quarter of this year can be attributed to the rebuild in Fort McMurray (from last year's wildfires) because not every house was destroyed, which we tend to focus on." he said. "There were also many, many homes that needed to be renovated."
According to Statistics Canada, investment in home renovations in the first quarter of 2017 hit a record high of $1.78 billion. A release from ATB Financial's Economics and Research Team says this is close to double the spending a decade ago.
Todd Hirsch, chief economist with ATB Financial, says he was surprised by the data for the first three months of this year.
"The increase that we saw in late 2016 and the first quarter of this year can be attributed to the rebuild in Fort McMurray (from last year's wildfires) because not every house was destroyed, which we tend to focus on." he said. "There were also many, many homes that needed to be renovated."
News
June 28, 2017 | Gerald Vander Pyl
An impermanent park
Higgy's Bluff project brings Bankview residents together
A chance discovery of a vacant lot in Bankview has led to plans for the creation of a temporary community park.
Local resident Chad Peters had noticed an empty residential lot at the corner of 14th Street and 25th Avenue S.W. during his walks and wondered who owned it and what it was being used for.
Peters says with the help of the Bankview Community Association, the property owner was contacted with a proposal to turn the lot into a new community space, subject to that use ending once the lot was scheduled for development.
A chance discovery of a vacant lot in Bankview has led to plans for the creation of a temporary community park.
Local resident Chad Peters had noticed an empty residential lot at the corner of 14th Street and 25th Avenue S.W. during his walks and wondered who owned it and what it was being used for.
Peters says with the help of the Bankview Community Association, the property owner was contacted with a proposal to turn the lot into a new community space, subject to that use ending once the lot was scheduled for development.
News
June 21, 2017 | Geoff Geddes
Calgary's public lake
Sikome Aquatic Facility buoyed by upgrades
While Alberta is landlocked, and most of Calgary's manmade lakes are private, Calgarians still like to spend a warm, summer day at the beach every now and then. Thankfully, there's still one public body of water within the city where people can go for a swim or throw down a towel to catch some rays.
Nestled in Fish Creek Provincial Park, the Sikome Aquatic Facility has been one of Calgary's most popular summer attractions since it opened in 1978.
The facility consists of an open-air swimming lake surrounded by a beach, lawn, children's playground and change rooms. It currently draws an estimated 200,000 visitors over its three-month season and up to 15,000 per day on weekends. While those are impressive numbers, Sikome's location in southeast Calgary is in one of the fastest growing sections of the city amd means traffic should continue to rise.
In part to accommodate the growing crowds, the facility recently underwent some upgrades.
While Alberta is landlocked, and most of Calgary's manmade lakes are private, Calgarians still like to spend a warm, summer day at the beach every now and then. Thankfully, there's still one public body of water within the city where people can go for a swim or throw down a towel to catch some rays.
Nestled in Fish Creek Provincial Park, the Sikome Aquatic Facility has been one of Calgary's most popular summer attractions since it opened in 1978.
The facility consists of an open-air swimming lake surrounded by a beach, lawn, children's playground and change rooms. It currently draws an estimated 200,000 visitors over its three-month season and up to 15,000 per day on weekends. While those are impressive numbers, Sikome's location in southeast Calgary is in one of the fastest growing sections of the city amd means traffic should continue to rise.
In part to accommodate the growing crowds, the facility recently underwent some upgrades.
News
June 29, 2017 | Andrea Cox
City-limits bliss
Amy Shafer found her own private oasis in Watermark at Bearspaw
Amy Shafer grew up on a farm, so when it came to building her dream home, being immersed in nature on the doorstep of wide-open park space was a top priority. She and her husband, and their three children, had been living in Valley Ridge, but just didn't feel connected. Their search for the perfect lot brought them to Watermark in Bearspaw, where they purchased a 1.33-acre home site that backs on to an Aspen grove, a freshwater pond and walking trails. The community features 46 acres of parkland and 16 ponds, and brushes up against the Haskayne Legacy Park, with trails connecting to Calgary and Cochrane.
Amy Shafer grew up on a farm, so when it came to building her dream home, being immersed in nature on the doorstep of wide-open park space was a top priority. She and her husband, and their three children, had been living in Valley Ridge, but just didn't feel connected. Their search for the perfect lot brought them to Watermark in Bearspaw, where they purchased a 1.33-acre home site that backs on to an Aspen grove, a freshwater pond and walking trails. The community features 46 acres of parkland and 16 ponds, and brushes up against the Haskayne Legacy Park, with trails connecting to Calgary and Cochrane.