Improved sales to new listings ratio reduces inventory gains

After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year.

"With fewer buyers making purchase decisions and improved selection for resale, new home and rental property, sellers have been either adjusting their expectations on price or delaying their plans about when to list their home," said CREB® president Corinne Lyall.

RBC makes donation to Calgary RESOLVE campaign

A 160-unit building will be constructed under Calgary's RESOLVE Campaign thanks to a $1-million donation from RBC.

The gift, presented April 17, was designated to Horizon Housing Society, which provides homes for people with mental health challenges and disabilities as well as families and seniors working below the poverty line, and the working poor.

Design your landscape to suit your neighbourhood, yourself

For homeowners, their work is never done once they've found their dream home. In fact, it's often just the beginning.

During this time of year, most owners will turn their attention to the yard. My advice: please your neighbours in the front yard and please yourself in the back. Everything else is icing on your landscape cake.

Hot tubs, fire pits, outdoor kitchens oh my!

With leaves and lawns already turning green thanks to a wealth of warm winter weather, many Calgarians may also be doing likewise as they turn to see their neighbour's backyards.

With Calgarians' well-known love for all things patio, emerging envious of thy neighbour's yard is a sin likely shared by many in the city. As many homeowners up their backyard ante, CREB®Now offers up some suggestions on how bring a little more luxury to your lawn.

Calgary distinctive in offering both metropolitan and acreage luxury

Calgary's housing market has evolved to include a luxury segment offering buyers just about anything their hearts desire, suggested a local industry expert.

"We have those individuals who want to experience the city life, so that's the downtown metropolitan living," said Mary-Ann Mears, managing broker with Sotheby's International Realty Canada.

Devil's in the details*

The myth that all mortgages are created equal is slowly unraveling.

In fact, when it comes to mortgages, one of the only things Canada's big  banks can seemingly agree on is the interest rate. Everything else varies significantly between them.

Consumers, in turn, are slowly starting to figure out every bank has its own idiosyncrasies that may not be immediately apparent.

The Parkhouses in Okotoks to launch May 1

A "pocket neighbourhood" in the popular Okotoks community of Drake Landing will be offering active, mature homebuyers an alternative to constricted apartment-style living.

The Parkhouses, a unique 50-plus adult-living project by Lifestyle Homes, will launch sales May 1.

The neighbourhood will include 31 semi-detached villa-style bungalows with front porches and rear-attached garages that will all face inward to a common park space for residents.
This pocket neighbourhood designed to promote social interaction between neighbours will be a first for the town just 18 kilometres south of Calgary.

Bridgeland Market shines while other corner stores are going the way of the dodo

Fresh-baked cookies, cheese from around the world and pints of organic ice cream are just a few of the treats visitors will find at Bridgeland Market, one of a vanishing breed of family-run corner stores slowly fading from the Calgary landscape.

Run by the Traya family, which also operates Tazza Deli & Grill across the street, Bridgeland Market, like Lukes Drug Mart a few blocks away, has actually grown with the times to become a community mainstay.

First-time homebuyers turning to mom, dad for financial assistance

More young Canadians are turning to their parents to help find financing when purchasing their first home.

According to BMO's 2015 Home Buying Report, 42 per cent of first-time buyers are expecting their parents or relatives to help pay for their first home. Up 12 per cent from
last year, the number shows Canadians needing a helping hand to enter the market is on the rise.

Understanding the importance of pre-listing inspections

Dear Home Inspector:

We just sold our house, but we are not happy. We had agreed upon a certain purchase price, but the offer was conditional on a home inspection, which the buyer arranged.

The inspection revealed a number of maintenance items that came as a complete

surprise to my wife and I, which then triggered a request from the buyer to reduce the purchase price further. We had no time to look into the actual cost of the repairs and were instantly back negotiating.