Former CREB® president Becky Walters remembers how communities rallied in following natural disaster in 2013

Becky Walters remembers 2013 like most Calgarians do – one equally fraught with harrowing tales of devastation and inspiring stories of community spirit following a historic flood that left many communities underwater.

In June 2013, Alberta experienced heavy rainfall that sparked 32 states of local emergency in communities throughout southern Alberta and resulted in billions of dollars in insurable damages.

"It was something that affected the whole city, of course," said Walters, who, six months earlier, had become president of CREB®.

New building codes on the horizon

The national standards that inform provincial building codes have received their twice a decade overhaul, however some of the changes may not take effect in Alberta for a awhile.

Every five years, Codes Canada (formerly the National Model Construction Codes), under National Research Council Canada, is updated to reflect changing needs and demands in residential and building construction. The 2015 edition includes approximately 600 changes to building, fire and plumbing codes.

Among the major changes to building codes is an increase in the minimum run dimension on interior stairs (the depth of the step) from 210 mm to 254. André Laroche, manager of regulatory solutions for Codes Canada, says this increase may reduce falls by as much as 64 per cent.

Indicators suggests Calgary's housing market might be evening out

New housing market statistics are reinforcing the emergence of so-called balanced conditions in Calgary.

In its monthly stats package for June, CREB® noted key segments of the local market are seeing increased price stabilization brought upon by more moderate sales declines and listing increases.

CREB® chief economist Ann-Marie Lurie singled out last month's detached sector, which saw new listings decline at a faster rate than sales (five and 3.7 per cent, respectively) for only the second time in the past 12 months – the last time coming in January. As a result, the sector's benchmark price totaled $502,400, which was 0.4 per cent higher than May, yet still 3.4 per cent lower than last year's levels.

YYC's expansion could help city's real estate market soar

Foreign investment in the city's real estate market is poised to take flight.

And it's in no small part thanks to the ambitious expansion of the Calgary International Airport. From the recent opening of its new runway—the longest commercial airstrip in Canada—to its $1.4-billion new international terminal opening this fall, Calgary's bigger, better international airport dramatically increases the number of travellers from overseas.

While it's undoubtedly a shot in the arm to the city's struggling economy, it's not a leap in logic to assume more foreign business and pleasure travellers could provide a boost to its real estate sector, says Eric Horvath, vice president of investment sales at Colliers International.

Resiliency in the detached and semi-detached markets temper price fluctuations

Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect, reported CREB® in its June housing summary. (Click here for the full report.)

CREB® partly attributed June's stats to resiliency in the detached and semi-detached sectors of the market, where sales compared to new listings and standing inventory started returning to more balanced levels.

"The detached market has been gradually moving towards more balanced conditions, helping to prevent price levels from declining at the faster rates we saw in the previous two quarters," said CREB® chief economist Ann-Marie Lurie. "While this is welcomed news for sellers, it's very likely that pricing challenges will persist in the housing market until economic conditions start to improve."

Former CREB® president Greg Houston remembers 1989 as the year it all started to turn around

The boom came back.

After a lengthy slump in the early 1980s, Calgary's real estate market began a resurgence in 1989 – and not a moment too soon, recalls Greg Houston, who was president of CREB® that year.

"1989 was a great year," he said. "Things were looking up. There was stability in the business, after years of foreclosures and people declaring bankruptcies. As far as I was concerned, things were finally turning around."

Appliances and automation solutions that can save homeowners money

"It's cool, yeah. But will it save me money?"

For most of us, that's the obvious question when it comes to technology products for the home.

The answer may very well be yes. If you are a homeowner, a little research will show you that spending a little up front can reduce energy bills, insurance premiums and hassles down the road.

Finding a gardener that matches your mindset

Maybe you are getting your house ready for sale, expecting the in-laws to visit or you just brought home a new baby and now the shrubs are threatening to eat the front door. Either way, you need a gardener.

Hiring a gardener is not the same as hiring a house cleaner. Most indoor cleaning jobs follow an accepted system for removing dirt and fluffing pillows. They leave the home the same, but cleaner than before.

Outdoors, your personal style and sensitivity have to match the person you hire as a gardener because a garden evolves and changes over time. Your gardener has to be going in the same direction as you.

Sellers' conditions in B.C., buyers' in Saskatchewan

A new report from the Conference Board of Canada says balanced conditions in Calgary's resale housing market are expected to create price gains in the coming months.

In its June Metro Resale Snapshot, the organization anticipates the city's MLS® price will increase between zero and 2.9 per cent over the short term. In May, the house price in Calgary was $465,840, up 1.1 per cent from April and 2.3 per cent from a year ago.

Study author Robin Wiebe classified Calgary's housing market as balanced, noting sales volumes in May increased by 1.6 per cent on a month-over-month basis, while listings declined by 1.9 per cent.

Livingston to eventually house 30,000 people

Calgary's newest community came online this week as Brookfield Residential lifted the veil on its new Livingston development in the city's north that, when completed, will house as many as 30,000 people.

Covering more than 500 hectares straddling Centre Street north of Stoney Trail, Livingston is the first master-planned community in north Calgary within the past 20 years. It will include an estimated 10,000 homes, and will be anchored by a major activity centre that will include an estimated one million square feet of retail and institutional space,

Ward 3 Coun. Jim Stevenson, who attended the official construction launch June 28, calls Livingston "a new city north of the ring road."