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News

April 22, 2015 | CREBNow

PTQ: Ivan Brooker

Cochrane is a town on the move, with new amenities such as The Quarry development and construction of a new aquatic and curling centre. Providing diverse options for recreation is important to the town and its residents, said Mayor Ivan Brooker, who recently sat down with CREB®Now to talk about everything from new projects to why the kitchen is his favourite room in the house.

CN: How do homeowners stand to benefit from recent infrastructure announcements such as the new school in Sunset Ridge and new pool?

IB: Amenities such as our new pool and curling centre greatly enhance our resident's quality of life. Providing diverse options for recreation is very important to the Town of Cochrane.
News

April 22, 2015 | CREBNow

Genesis goes beyond suburban vanilla

Builder focuses on the extra flavours*

When Lisa Kaiser goes to suppliers seeking quality products for Genesis homes, she doesn't want the "vanilla ice cream" flavour they are offering every other builder.

"When everyone is buying vanilla ice cream, you get a lot of vanilla ice cream," said the company's project manager interior design. "I ask them to give us the new flavours."

It is one way of explaining Genesis Builders Group's focus on ensuring its new suburban homes don't fall under the stereotype of being bland when compared to its inner-city counterparts.
News

April 22, 2015 | Nolan Matthias

Three reasons to refinance now

Borrowing under three per cent has benefits*

nolanNow may be a better time than ever to refinance your home.

With five-year fixed rates as low as 2.59 per cent and variable rates at 2.15 per cent, anyone with a current mortgage rate over three per cent could potentially benefit from a refinance, and should be having a conversation with a mortgage professional.
News

April 22, 2015 | CREBNow

Don't be misled by early renewals

Wait and see for better rates*

nolanEarly mortgage renewal notices may seem sincere, but they often have less to do with saving homeowners money and more to do with banks heading off their competition.

In fact, convincing mortgage holders to renew early is not a new tactic. Yet banks are using it more frequently today given the competitive market.

The process is simple yet deceiving. A bank representative will contact the mortgage holder with a special limited-time renewal offer to protect them from rate increases.
News

April 22, 2015 | CREBNow

Stacking up

Still plenty of activity coming to Calgary's commercial sector

Dueling industry reports are challenging expectations of how active Calgary's commercial market will be this year in wake of ongoing energy sector uncertainty.

Commercial real estate firm Cushman & Wakefield indicated in a recent study that Calgary's development cycle has "come to an end." It noted in the first quarter, the downtown office market alone experienced negative absorption of 1.2 million square feet, the largest quarterly decline in the city's history.
News

April 22, 2015 | CREBNow

Cool hand Lukes

Calgary corner store a staple to Bridgeland community, more

Community Cornerstones series: A look at Calgary and area's rich history of both new and old corner stores.

Little did Jim Lukes know when he opened a drug mart on the corner of First Avenue and Fourth Street N.E. in Bridgeland, it would grow to span three generations and change with the community around it.

"The store was started in 1951 by my grandfather Jim Lukes. My dad (Bob) took over in about 1985 and I've been running it probably about six or seven years," said Gareth Lukes, calling from Vancouver where Lukes has just opened its fourth location (the other two are in Killarney and Renfrew).
News

April 22, 2015 | CREBNow

Failing grade

Decreases to Alberta's education budget causing further concern for Calgary parents

Candice Collins is no stranger to long commutes. Growing up in the northeast community of Rundle, she had to navigate the city's public transit system for hours each day to attend William Abrehart High School in city's northwest, her designated French-immersion school.

Now in her 30s, Collins is worried her five-year-old son may face the same fate in getting to school.
"[I'm concerned] he's going to wind up with a super long commute. Because in order to find the programs and the atmosphere that I want, we might have to move around," she said.

"I have quite a few people who have told me they have to take their kid great distances every day. Maybe their elementary school is close, but then their junior high isn't close and their high school might be even farther."
News

April 22, 2015 | CREBNow

Fundraiser started for Hidden Valley fire victims

A local REALTOR has spearheaded fundraising efforts for nine Calgarians whose four homes were affected by a two-alarm fire Monday night.

The fire broke out around 5 p.m. on April 20.

"When the fire happened, people in the community started phoning me," said CIR's Robyn Moser.
News

April 17, 2015 | CREBNow

Housing prices hold steady in surrounding areas

Slower economic activity influenced demand across the region in the first quarter of 2015. However, despite rising inventory levels, housing prices in Calgary's surrounding areas remained relatively stable, said CREB®'s latest Surrounding Area Quarterly report.

"A lack of recovery in oil has many concerned about their employment status and these concerns have been impacting consumer confidence in the first quarter," said CREB® chief economist Ann-Marie Lurie. "However, on aggregate, surrounding area prices have posted some quarterly growth as some of these areas have not recorded the same level of pull-back in sales relative to inventory levels."
News

April 17, 2015 | CREBNow

Shifting standards

Home inspections help keep tabs on fluidity of building codes

Despite the continued popularity of reality shows that showcase the positive side of home renovations, buyers need to be ever aware of the damage that can be done when things don't go according to plan, says a local home inspector.

While the temptation to plunge into home ownership might be strong, CanPro Inspections Ltd. owner/operator Larry Pineda urges buyers to practise due diligence when purchasing a home to protect themselves against shoddy workmanship or even work done prior to changing standards – some of which may have taken place years or even decades prior.

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