Prices remain stable compared to last year


As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market.

First quarter sales totaled 3,423 units, nearly 18 per cent below last year's levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above four months.

City eyes the future with 17th Avenue facelift

Whether you're a person or a stretch of pavement, 30 years of hard labour can take its toll. When you're as heavily travelled as 17th Avenue S.W., the effect is multiplied. That's why the City of Calgary, armed with a $44 million budget, is giving much of the area a facelift. From Macleod Trail to 14th Street S.W., the City is upgrading utilities, rebuilding the road and improving pedestrian areas to pave the way for future use.

"This began as simply a road construction project," said Ryan Murray, a spokesperson for the City of Calgary's transportation department. "After 30 years, it was time to dig down and rebuild the foundation of 17th Avenue. We decided that while we were down there, we should make the most of it by upgrading old utilities and rebuilding the road."

Calgary housing market prices hold, but sales fall

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1,094 units in February, 18 per cent below last year's activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.

RESOLVE affordable housing initiative approaches successful conclusion

What do I want, you ask so innocently.
I want a HOME, as many of you have.

These lines come from a poem written by 67-year-old Anne Cartledge. "I use all capital letters when I write the word 'home,' because that's how important it is," she said.

Plagued with severe arthritis and fibromyalgia that left her unable to work, Cartledge first survived on AISH (Assured Income for the Severely Handicapped) and, now, on her Old Age Security pension.

Though Cartledge describes herself as a "frugal shopper" and "good at the scrounge routine," she also admits, "I am part of the circle that if I didn't have subsidized housing, I'd be living on the street."

City of Calgary report provides estimates for short-term growth in city's suburbs

What's Calgary going to look like in the next five years when it comes to growth and the housing market?

The City of Calgary's Suburban Residential Growth 2017-2021 report sheds some light on where the city is headed in terms of population and housing growth over the short term.

The draft document is an interesting one, and it serves as a starting point of discussion as the City looks to sustainably increase its footprint.

Plans for Anderson Station transit-oriented development approach final approval

A new outline plan and land use application for the lands surrounding the Anderson LRT Station was approved at the Calgary Planning Commission in February and will now go before city council on April 16 for final approval.

Doug Cassidy, director of real estate and development services for the City of Calgary, said Anderson Station has many characteristics that make it viable as a transit-oriented development (TOD) site.

Study finds major Canadian cities have room to improve when it comes to densification

Densification is a buzzword now in the real estate industry, and it's certainly on the minds of many policy makers in cities across Canada, including Calgary.

If you travel to cities around the world, you will see firsthand how the other half lives, so to speak. More people are living close together in those global cities.

Ring road construction accelerates plans for new Richmond-Sarcee interchange

Plans for a $106-million interchange at Richmond Road and Sarcee Trail are taking on added importance as construction continues along Calgary's southwest ring road.

Residents of surrounding communities, and the area's city councillor, want the interchange plan to be funded and built in time to handle traffic when the ring road opens around the end of 2021.

Proposed Inglewood condo tower will stand tall, but hurdles remain

A proposed 20-storey, mixed-use condo development for Inglewood would be the first of its kind in the neighbourhood, but has also raised concerns among some of the community's residents.

B&A Planning Group has been hired to consult on the project on behalf of a group of investors, and launched a community engagement process last year with brochures, open houses and town hall meetings.

The project plan includes 180 condo units, plus 14 townhouses and small-scale commercial spaces at its base.

New Green Line LRT stations are poised to bring transit-oriented development to several communities

Proposed transit-oriented development (TOD) around first-stage Green Line stations is expected to turn city thoroughfares that currently lack curb appeal into new live, work, shop and play destination areas.

Later this year, station area plans or area redevelopment plans will go to city council for six of the 14 stations in the initial stage of the new LRT line – 16 Ave N., Inglewood/Ramsay, 26 Ave S.E., Lynnwood/Millican, Ogden and South Hill.

The Green Line's first phase will extend from 16th Avenue N. to 126 Avenue S.E., with construction slated to begin in 2020.