Homebuilding officials warn proposed governmental power shift could impact homebuyers in a big way

Before Calgarians step into a voting booth to elect a new city council a year from now, there could be a whole new ball game of city governance over everything from land assessments to affordable housing and even new taxing powers.

New city charters originally proposed in 2014, and only recently made available for public feedback, are intended to give new powers and responsibilities to Alberta's two largest municipalities. They may affect Calgarians on everything from residential speed limits and fines, environmental protection, integration of land-use and transportation strategies and investment to civic administrative efficiencies that stretch from council roles to establishment of bylaw tribunals.

And there will almost certainly be changes that impact the homebuilding industry, and ultimately homebuyers.

Talking everything from what makes a great community to the favourite room in her house

What defines a great place? A mix of housing? A popular neighbourhood haunt? Walking and biking paths?

CREB® recently sat down with Eleanor Mohammed, president of the Alberta Professional Planners Institute and a director for the Canadian Institute of Planners, which organizes the annual Great Places competition. Here's what she had to say:

CREB®Now: Tell us a bit more about the Great Places competition?

Over-reliance on gizmos could be younger generation's ultimate downfall

It's one of those "aha" moments: Speaking to a roomful of baby boomers, bestselling author Jason Dorsey asks the audience to finish the sentence: "Generation Y is tech-...."

"Savvy!" shouts most of the crowd.

Nope, not true, says Dorsey, an expert on Gen Y, or the Millennial generation — people who became adults in the 21st century.

Chris Bolt recalls big changes during time as CREB® president in 1999

The year was 1999. Y2K fears gripped society, the price of oil started to rebound and construction on a controversial new building for CREB® finally got underway.

In other words, it was just another day for Chris Bolt, who, today, looks back at his presidency for the REALTOR® organization as one of his greatest career accomplishments.

But how the native of London ended up leading the province's largest real estate organization during a year of transition is even more interesting.

Technology continues to reshape homebuying experience

Pick a recent weekend, and you've likely spotted Calgarians wandering in your neighbourhood with cellphones held up to their face.

Pokemon Go?

Actually, they might be homebuyers following mapped directions to an open house in the area. Or texting where to meet a real estate professional to view a home for sale.

Southeast district facing increased competition from new home industry

Calgary's resale residential housing market continues to reveal its many layers, with experts singling out the southeast district as an area of the city struggling in the face of intense competition from the homebuilding industry.

This comes on the heels of CREB®'s recently released housing summary for September that indicated prices in other instances are exhibiting increased stability.

CREB® chief economist Ann-Marie Lurie noted home prices in the southeast have struggled more acutely than other districts in Calgary despite indicators that would initially suggest otherwise.

New listing levels starting to match sales

A new report indicates the segment of Calgary's resale residential housing market with the greatest influence on the overall market is showing signs of pricing stability.

The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level, reported CREB® today.

While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing, the member-based organization said.

Breaking down how it looks, from the inside out

When Jaime and Jocelyne Holland of Holland Design meet with their clients, they ask them not to design what their neighbours have in their homes.

"We ask them to instead think about how they live and what's important to them," said Jocelyne, partner and business development of the interior design company,

Added Jaime, partner in charge of design at the firm: "Real luxury is very personal and customized to the homeowner's lifestyle."

Luxury buyers want it all including the (second) kitchen sink

Today's homebuyers want more for less – a pattern that is also starting to manifest in the luxury market, say local industry experts.

"There's no question that, like everybody, we've felt the pinch," said Danny Raposo, general manager of Astoria Custom Homes, which is building in Watermark at Bearspaw, just outside the city limits.

Still, Raposo describes 2016 as "a decent year," noting an increased interest in Astoria's Watermark product during the eight weeks prior to mid-September.

Opulent housing segment continues to show staying power in 2016

The highest end of the home market is a unique beast. It's a sector in which a small percentage drop in price can equate to hundreds of thousands of dollars in savings – and where a minimal increase in sales volume can look like a huge boom.

Year to date the number of $1-million-and-up homes sold in Calgary and area has increased 30-plus per cent over 2015. But in real numbers, the growth was just 99 sales, from 329 up to the end of August last year to 428 for the same period this year. (To put those numbers into context, overall about 14,000 homes changed hands in that period.)