Two historic parcels of Okotoks land to be redeveloped for future generations

Once homesteading land for the D'Arcy and Wedderburn families, two historically significant properties in north Okotoks are to be redeveloped for a new generation of families.

United Communities has purchased approximately 178 hectares of farmland on both sides of Northridge Drive as sites for a pair of mixed use communities — simply to be called D'Arcy and Wedderburn.

Industry spokesperson says construction fund largely going unused

Players in one of the city's most active multi-family construction areas have made limited use of a cash-for-density fund established by the City of Calgary, says a spokesperson for the industry.

While a number of projects have been brought forward related to the Beltline Community Investment Fund (BCIF), the CHBA-UDI Calgary Region Association, the umbrella organization for the builders and developers in and around Calgary, is scratching its head about why the fund hasn't been used more.

How to get the sell and still be festive

With the holidays hot on their heels, homeowners will have plenty of opportunities over the next couple of months to indulge in outdoor decorations that range from the gruesome and garish to the feel-good and festive.

Yet housing experts still urge homeowners to keep curb appeal in mind when it comes to going over-the-top this Halloween and Christmas.

CREB® points to mortgage rule changes as motivator

For the first time in two years, resale residential housing sales activity in October resembled normal levels, according to a new report.

City-wide sales totaled 1,644 units, which is an increase of nearly 16 per cent over last year, reported CREB® in its monthly housing summary.

"The shift in sales activity this month is likely related to the new mortgage rule changes, inventory gains in the lower price ranges and further price adjustments," said CREB® chief economist Ann-Marie Lurie.

$180,000 in grant funding awarded to Calgary and area non-profits

In keeping with its long-legacy of giving, CREB® Charitable Foundation has awarded $180,000 in grant funding to local non-profits selected by REALTORS® through its Investing in HOPE program.

The Charitable Foundation typically awards 15 grants through the Investing in HOPE program, but thanks to the generosity of its board of governors who unanimously agreed to inject an extra $30,000 this year, 18 organizations providing sustainable community solutions, shelter and care will receive a $10,000 grant.

CMHC assessment unchanged from April

Calgary's housing market continues to exhibit signs of over-valuation as economic and demographic fundamentals have altered demand, says a new report.

In its housing market assessment released this week, Canada Mortgage and Housing Corp. (CMHC) noted moderate signs of over-valuation tag due to labour market conditions that have been weak and the seasonally adjusted unemployment rate averaged 8.3 per cent, up considerably from the preceding 10-year monthly average of five per cent.

It's the second time this year that CMHC has noted problematic conditions in Calgary's housing market, the last time being in April.

Commercial landlords thinking outside of the box in wake of high vacancy rates

Landlords in Calgary's suburban office market continue to display increasing creativity in the face of rising vacancy rates that are not expected to stem any time soon, says a new report.

In a third quarter report issued earlier this month, Barclay Street Real Estate noted the overall vacancy rate in suburban Calgary rose by
1.1 per cent from the second quarter to 22.3 per cent. Research director Anthony Scott attributed the slight increase to the introduction of new inventory that came to market with significant unleased space.

Today's technology is downright frightening

Combine a new technology with the creative mind of a rocket scientist, throw in Halloween and the results are pretty amazing.

When Apple introduced the iPad in 2010, it didn't take long for Mark Rober, a one-time NASA engineer who helped put the Curiosity rover on Mars, to come up with a Halloween costume idea that incorporated it.

For Halloween 2011, Rober showed up to a party wearing a shirt with gaping "bloody" holes ripped into the front and back, and iPads attached to the inside, visible through the holes. By setting up a Facetime video link between the two, he created the illusion of being able to see through his body.

A stroll down haunted lane with Calgary's paranormal experts

Bring out yer dead!

It's Halloween in the city, which means spooks and specters will soon intertwine with sugar and sweets.

It's also a chance for many Calgarians to explore the city's haunted past. CREB®Now recently took a walk down "Elm Street" with local officials, who detailed the paranormal, the unexplained and everything in-between.

Calgary's collection of decades-old malls are getting much-needed facelifts

Consumer demand is driving a wave of commercial real estate development in the city with several major shopping centres poised to get major makeovers this year and next.

Deerfoot Mall in the city's northeast, as well as Northland Village Mall and Stadium Shopping Centre in the northwest, are all in the planning or development stages of redevelopment.

Michael Kehoe, an Alberta-based retail specialist with Fairfield Commercial Real Estate Inc., said the collective changes reflect landlords' attempts to breathe new life into decades-old retail hubs, of which there are plenty in the city.