Calgary creates secondary suite registry program 

Calgary's secondary suites debate now has its very own sticker.

In an effort to promote legal and safe secondary suites, the City of Calgary has launched a secondary suite registry and sticker program. The online, searchable registry tool and registered sticker program will help Calgarians verify if a secondary suite has been inspected by the City and meets the requirements of Alberta's building codes at the time of its approval.

Having added a legal secondary suite to his southwest Calgary home shortly after its purchase, Bryan Backman-Beharry believes the City's move will increase demand for legal, safe and abiding suites like his own.

"I expect it will increase demand for legal suites," said Backman-Beharry, who has already received his registry sticker from the City.

Inventories rise as sales activity softens further

Following four months of relative stability, unadjusted benchmark prices eased as expected in September to $456,100, a 0.26 per cent decline compared with last year.

Most of this aggregate moderation was due to price declines in the apartment sector brought on by higher-than-average inventory levels.

"Overall sales activity relative to new listings caused a softening in absorption rates, which resulted in inventory gains and ultimately placed moderate downward pressure on pricing," said CREB® chief economist Ann-Marie Lurie.

Why you should stick with the greiges when it comes to selling your home

If you've ever sold a home, you were likely told at some point to keep it neutral – meaning although you may have loved the lightness of a lime green dining room or the sensual feel of a dark red bedroom, you went with beige, grey or greige.

And for good reason, say experts.

"Neutral-coloured spaces allow us to feel a sense of connection with nature and experience pleasant or calming emotions, both of which facilitate a desire to stay in a space," said Katherine Schurer, a registered psychologist with Calgary's Now in Colour Psychological Services Inc.

Proper planning will yield long-term results

Readers often ask me about the best time to plant flowering bulbs. Some, in fact, wait months to act – or react.

The answer is no. Seeds will still grow if held for years and fall bulbs might leaf out if left on the counter, but bulbs won't bloom if left sitting on the laundry-room shelf all winter.

Plant your fall bulbs as soon as you buy them. Don't wait until it rains. the next blue moon or when you finish your thesis. Planting bulbs sooner rather than later is the best bet for best spring blooms.

Unlike seeds, flowering bulbs are special sugar packets with fully formed flower buds. Once rooted, they are ready to pop instantly into bloom next spring.

Pet owners say discriminating landlords distorting vacancy rates

Erika Lagyjanszki is about to make the move from Toronto to Calgary to start her business as a wedding photographer and a new life with her boyfriend.

Looking for a place should have been a breeze for the two given the uptick in vacancy rates in Calgary as of late.

In fact, according to the Canadian Mortgage and Housing Corp. (CMHC), in the Calgary CMA, the overall apartment vacancy rate increased year-over-year from 1.4 per cent in April 2014 to 3.2 per cent in April 2015.

"The increase in the vacancy rate was a result of the universe of rental apartments in Calgary rising at a faster pace than demand for rental units," said Christina Butchart, principal market analyst with CMHC.

Not about snooping neighbours, say experts 

Calgarian Kevin Konynenbelt listed his house for sale this past spring, just as layoffs and low oil prices were starting to make headlines.

The beautiful attached home, located on a quiet cul-de-sac in Strathcona Park, was listed at just under $500,000.

It featured an attached garage, new appliances, gleaming hardwood and a large private back yard. It was also close to excellent schools, and was mere minutes from downtown.

Yet Konynenbelt initially struggled with the prospect of holding an open house to help sell it. Letting strangers roam around his belongings and walk across his hardwood? Not a chance, he thought.

City of Calgary using new techniques in pavement construction, rehabilitation

The City of Calgary is going green in its effort to provide drivers with a bump-free commute.

The City's Transportation Department has completed testing two new environmentally friendly techniques in pavement construction and rehabilitation that use different techniques and alternative materials to create asphalt at a reduced cost.

Cold In-Place Recycling (CIR) is a seven-step process that produces a layer of pavement by cold-pressing reclaimed asphalt and mixing it with raw virgin materials such crushed stone, sand and gravel.

Shipping containers gaining popularity as construction option

Once perceived as a childhood plaything, building blocks have gone big time.

Modular homes built out of shipping containers have blossomed into full-fledged housing options, with several Western Canadian-based companies making inroads into local markets and beyond.

"There's definitely a lot of interest in it now. I think people are starting to look at alternate techniques," said Charles Lemieux, co-founder of Alberta-based Blocks Modular Corp., which markets containers for residential, commercial and industrial purposes.

"I think the legwork is actually starting to do something. The city is understanding that we can meet architectural guidelines. It's just getting a product that is competitive – not cheap like what you see on TV where they cut a whole [in the container] and call it a home."

Speaking as part of Calgary Economic Development's (CED) 2016 Economic Outlook, Bank of Canada governor Stephen S. Poloz laid out his forecast for Canada's economy in the upcoming year.
With more than 1,500 on hand for the presentation, Poloz touched on some of the factors that have seen Canada's economy get off to a less-than-stellar start this year.
CREB®Now takes a look at some of the key points from CED's outlook.

GDP
Having seen two consecutive quarters of GDP decline, Canada's economy currently fits the definition of being in a recession. Looking forward, TD forecasts call for an annual growth rate of
1.2 per cent in 2015, followed by two per cent gains in 2016 and 2017.

Employment
Speaking on downsizings in Calgary's energy sector, CED president and chief executive Mary Moran said more layoffs should be expected, calling it the most challenging time for the city since the mid-1980s. ATB economist Todd Hirsch has predicted unemployment rate in the province could reach 7.5 per cent, which would be the highest rate seen since 2009.

Buying decisions encouraged by favourable conditions

Timing, they say, is everything.

Just ask Patrick Yeung and Jenny Hoa, who are selling their individual condos and moving into a newly constructed home in the northwest community of Symons Gate later this year.

"It was a coincidence – perfect timing," said Yeung of buyer-friendly market conditions currently in Calgary's residential resale housing market.

"We'd already decided we wanted to get a home together, but the timing just fell together."

Although Yeung and Hoa work across the city from the deep-northwest community (he near Marlborough Mall, she near Chinook Centre), both of their condos are in the Panorama-Kincora area, and both wanted to stay in the region to be close to friends and family.