Low rates and product features

For decades, the process of selecting a mortgage has been the same: go to the bank, choose  between a fixed or variable and don't ask any other questions.

Oh how things have changed. A mortgage is no longer just a mortgage.

There are many things to consider when it comes to finding financing. The first and foremost is whether the bank you love for your everyday needs is the one that is right for your mortgage needs. Ask what rates your bank will offer you without any haggling. You may find they're not as attractive as elsewhere.

Cedarglen Homes purchases Harvest Hills Golf Course

Despite being purchased by Calgary developer Cedarglen Homes, there are no immediate plans to develop Harvest Hills Golf Course in the city's northeast, officials said.

"Cedarglen purposely didn't draw a plan in advance," said Chris Ollenberger, managing principal for QuantamPlace Developments Ltd., hired by Cedarglen to act as development manager on the project.

"They went with a blank sheet of paper. They knew it would have some questions from the neighbours in the very least, so they wanted to involve them from the start, which I think was the right thing to do."

City approves building permits for six-storey wood frame homes

The City of Calgary has announced it will be accepting building permit applications for six-storey wood-frame buildings for already approved land use zones.

"We are looking at innovative ways to make housing more affordable for Calgarians," said Mayor Naheed Nenshi. "Six storey wood buildings are easier and cheaper to build than using other materials, which makes for more affordable homes."

Local Village Brewery uses locally grown goods for featured Calgary suds

Four Calgary communities have taken local gardening to a whole new level growing hops and lavender, and producing honey, for local beer connoisseurs Village Brewery.

The community associations of Bridgeland-Riverside, Inglewood, Parkdale and Killarney-Glengarry each grew their own hops and in return are given kegs of Village Gardener Community Ale for fundraisers or community gathering events.

Price growth eases as supply improves

Calgary's hot condominium market helped fuel a 10 per cent increase in Calgary's residential resale housing market in October.

Overall sales for the month totaled 2,147 units, compared with 1,948 during the same period last year, according to the latest statistics from CREB®.

"Two consecutive years of relatively strong employment and population growth, combined with rising wages and low lending rates, have supported demand growth in our housing sector," said CREB® chief economist Ann-Marie Lurie.