Former CREB® president Greg Houston remembers 1989 as the year it all started to turn around

The boom came back.

After a lengthy slump in the early 1980s, Calgary's real estate market began a resurgence in 1989 – and not a moment too soon, recalls Greg Houston, who was president of CREB® that year.

"1989 was a great year," he said. "Things were looking up. There was stability in the business, after years of foreclosures and people declaring bankruptcies. As far as I was concerned, things were finally turning around."

Appliances and automation solutions that can save homeowners money

"It's cool, yeah. But will it save me money?"

For most of us, that's the obvious question when it comes to technology products for the home.

The answer may very well be yes. If you are a homeowner, a little research will show you that spending a little up front can reduce energy bills, insurance premiums and hassles down the road.

Finding a gardener that matches your mindset

Maybe you are getting your house ready for sale, expecting the in-laws to visit or you just brought home a new baby and now the shrubs are threatening to eat the front door. Either way, you need a gardener.

Hiring a gardener is not the same as hiring a house cleaner. Most indoor cleaning jobs follow an accepted system for removing dirt and fluffing pillows. They leave the home the same, but cleaner than before.

Outdoors, your personal style and sensitivity have to match the person you hire as a gardener because a garden evolves and changes over time. Your gardener has to be going in the same direction as you.

Sellers' conditions in B.C., buyers' in Saskatchewan

A new report from the Conference Board of Canada says balanced conditions in Calgary's resale housing market are expected to create price gains in the coming months.

In its June Metro Resale Snapshot, the organization anticipates the city's MLS® price will increase between zero and 2.9 per cent over the short term. In May, the house price in Calgary was $465,840, up 1.1 per cent from April and 2.3 per cent from a year ago.

Study author Robin Wiebe classified Calgary's housing market as balanced, noting sales volumes in May increased by 1.6 per cent on a month-over-month basis, while listings declined by 1.9 per cent.

Livingston to eventually house 30,000 people

Calgary's newest community came online this week as Brookfield Residential lifted the veil on its new Livingston development in the city's north that, when completed, will house as many as 30,000 people.

Covering more than 500 hectares straddling Centre Street north of Stoney Trail, Livingston is the first master-planned community in north Calgary within the past 20 years. It will include an estimated 10,000 homes, and will be anchored by a major activity centre that will include an estimated one million square feet of retail and institutional space,

Ward 3 Coun. Jim Stevenson, who attended the official construction launch June 28, calls Livingston "a new city north of the ring road."

Tips on how to see if you're bank account is ready for your first home

So you're ready to be a homeowner. But is your bank account?

Canada Mortgage and Housing Corp. (CMHC) offers the following tips to help first-time homebuyers determine if their financially ready to take that first step:

Buyers, sellers encouraged to do their research before picking a real estate professional

Purchasing a home will be one of the biggest financial decisions most of us will ever make in our lifetimes. Getting it right can mean the difference between moving into your dream home and living in a house of horrors.

Whether a first-time buyer/seller or not, the first step is to find the right real estate professional or service to help you on your journey to homeownership, said CREB® president Cliff Stevenson. A good place to start is through referral.

"If there was an analysis done on the largest referral source, it's probably from people you know and come across. It's word-of-mouth referral," said Stevenson, adding online searches are also important tools for buyers and sellers when looking for a real estate professional or service. "But they're looking for some type of social proof and social validation out there as well."

The car-less lifestyle is trending, but Calgary's housing market still driven by the automobile, say experts

Cars aren't going anywhere soon, and neither is Calgary homebuyers' desire for neighbourhoods – or condominiums for that matter – that support their automobile-driven lifestyles, say housing experts.

While much is being made about efforts to create a more pedestrian-friendly city that focuses on "vertical growth," Calgarians still very much enjoy the freedom that comes with driving an automobile. And they
want their residence — whether it's a condo, townhome or single-detached house — to support their yen for putting the pedal to the metal, said Canada Mortgage and Housing Corp. (CMHC) regional economist Lai Sing Louie.

"Most people still want parking," he said. "They want the freedom to come and go with a car at their disposal, and they're willing to pay a lot of money to afford that."

Urban planning experts offer tips on how to shop for your next neighbourhood

Is it a neighbourhood with a lake so you don't need a vacation cottage?

Or an upgraded, older neighbourhood with lots of housing choices?

Perhaps a community with a main street so "you don't have to jump in your car to get a quart of milk?"

When urban commentators weigh in on what homebuyers, first-time or otherwise, should be looking for when they chose a place to live the emphasis is on community amenities – or as Greg Morrow puts it, looking "outside the four walls" of the home, to the DNA of the neighbourhood.

Understanding different mortgage options

Fixed versus variable; closed versus open; payment frequency: When it comes to picking a mortgage, do you know what's best for you?

BMO mortgage specialist Laura Parsons offers her insights.

Fixed versus variable interest rate

A variable rate will fluctuate with prime – meaning you could end up paying more interest if prime changes. A fixed rate will not fluctuate.