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News

June 10, 2015 | CREBNow

Calgary's suite life

The past, present and future of secondary suites in the city

Calgary is a city on the move. Energy sector uncertainty aside, cranes continue to dot the skyline and new communities continue to blossom along the outskirts.

However, despite years of debate, a familiar topic seems poised to remain as a burr under the saddle of the "Heart of the New West" – secondary suites.

Most recently, a council committee was tasked this week with determining whether to hold a plebiscite that would let the public decide whether suites should be allowed in neighbourhoods they're currently not zoned for. With an estimated price tag of $2 million, reports suggested city staff was fully opposed to the option.
News

June 10, 2015 | CREBNow

Property taxes: a breakdown

How do property taxes work anyways?

Calgary's Smarter Growth Initiative - a collaboration between the Canadian Home Builders Association - Calgary Region and the Urban Development Institute - created an informational video to answer just that.
News

June 03, 2015 | Nolan Matthias

Upside of refinance and renovations

The exception to the maximum refinance rule

nolan On July 9, 2012, then Finance minister Jim Flaherty introduced a rule preventing  homeowners from borrowing more than 80 per cent of their property value.

The logic behind this decision was clear – to prevent Canadians from using their home equity as a bank account like many Americans did leading up to the credit crisis in 2008.

The implications were immediate. Canadians could no longer refinance higher interest debts into low-interest rate mortgages. Not-so coincidently, consumer debt levels correspondingly jumped.
News

June 03, 2015 | CREBNow

Dreams come true at Bayside

Genesis launches neighbour-friendly development in Airdrie

Genesis has a vision every time it puts a shovel into the ground: construct a home that reflects your dreams, but that is entirely within reach.

Now, that reach extends to Airdrie, where the award-winning land developer and residential homebuilder has recently opened three new show homes in its Bayside Pier 11 neighbourhood.
News

June 03, 2015 | CREBNow

Living with lovely landscaping

How making some adjustments to your yard can spur home sales

They say you can't judge a book by its cover, but when it comes to buying a new home, curb appeal is often everything.

Dandelion décor and weathered wood decks won't work in your favour to draw buyers to your property, said Donna Balzer the gardener, speaker and TV personality behind www.gardenguru.net. Balzer cited a seller in Scarboro who contacted her after potential buyer's commented on his home's outdoor esthetics.
News

June 03, 2015 | Donna Balzer

Small bite approach

You don't have to get all your gardening done in one go

newDonnawebAre you doing all your own gardening this summer?

Are you ready to rock 'n roll in the radish patch and primp your patio?

While your internal kettle is boiling and your energy is high, you probably think you can do it all in one big push.

And then reality sets in.

You just don't have enough time. Instead of a marathon garden workout, you need the small-bite approach to gardening. Don't look at your garden as a huge mess needing to be tamed over a weekend. Lighten your load and start looking at tasks in tiny nibbles or tasty snacks wedged between your other daily tasks.
News

June 03, 2015 | CREBNow

PTQ: Laura Parsons

Calgary Area Manager for Mortgage Specialists with BMO

Laura Parsons is the Calgary area manager for mortgage specialists with Bank of Montreal. She recently took some time to chat with CREBNow about how oil prices have affected the lending market, what borrowers should know about low rates and what the Calgary Stampede means to the city.
News

June 03, 2015 | CREBNow

Coming together

Mustard Seed, RESOLVE campaign join forces for The 1010 Centre

A new 12-storey development has officially opened in Calgary to provide affordable homes for low-income residents.

The 1010 Centre, owned by The Mustard Seed, includes 224 furnished units, as well as support services including employment coaching, a computer lab and assigned support workers for residents.
The centre is located downtown on Centre Street S.E.

"For 30 years, the Mustard Seed has been caring for Calgarians experiencing poverty and homelessness. With the completion of The 1010 Centre, we are now able to provide 224 safe, new, affordable home to low-income and formerly homeless residents," said Mustard Seed CEO Stephen Wile.
CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo.
News

June 03, 2015 | CREBNow

Construction connection

Resale market impacting housing starts outlook

The sound of hammers has quieted in Calgary.

Following a record-breaking year for new home construction in the city, the pace has slowed considerably in 2015.

Through the first five months of year, the number of new homes starts in Calgary has numbered 3,954 – a 32.5 per cent drop from the same period in 2014.

The decline was even more dramatic in April, with just 777 homes breaking ground during the month compared to 1,952 during the same time last year – a decline of more than 50 per cent.
News

June 02, 2015 | CREBNow

A walk in the park

Green spaces in Calgary a hop, skip and a jump from all residential communities

With an average of 2,396 hours of sun each year, Calgary holds the title of Canada's sunniest city. Not surprisingly, residents, in turn, tend to take full advantage, especially when it comes to the city's parks and greenspaces.

Calgary boasts almost 8,000 hectares of parkland – as well as Fish Creek Provincial Park and nearby Glenbow Ranch Provincial Park. Connecting the city and its greenspaces are nearly 800 kilometres of pathways.

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