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Stories Tagged - Alberta Real Estate

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Jan. 23, 2019 | Gerald Vander Pyl

Can I afford to buy a home in Calgary? Experts weigh in

Given the current economic situation across the province, the big question on many Calgarians' minds these days is, "can I afford to buy a home?"

Cody Stuart / CREB®Now

Jan. 23, 2019 | Barb Livingstone

New regulations aim to increase transparency around condo corporations

Condo owners, sellers and buyers will have more information at their fingertips – and it will be less cumbersome and expensive to access – under new provincial guidelines slated to take effect this July.

Courtesy City of Airdrie

Dec. 05, 2018 | CREBNow

Airdrie is quietly becoming an innovation centre and entrepreneurial powerhouse

As one of Canada's fastest growing mid-sized cities, Airdrie forecasts population growth of nearly 50 per cent over the next six years, with a head count that is expected to swell from its 2018 census figure of 68,091 to almost 100,000.

It's a growth curve that has only steepened in recent years, as in the past 10 years alone the population has doubled, up from 34,116.

Oct. 12, 2018 | CREBNow

Cannabis consumption dos and don'ts after Oct. 17

While the legalization date has been set for many months, some confusion remains about where Calgarians will be able to smoke, vape or eat cannabis and cannabis products after Oct. 17. Here's a handy guide:

Watermark at Bearspaw.
CREB®Now Archive

Oct. 04, 2018 | CREBNow

2018 BILD Alberta Award finalists announced

Congratulations to the following Calgary-area builders and developers, who are all finalists for the 2018 BILD Alberta Awards. The winners will be announced at the BILD Alberta Fall Conference in Jasper on Sept. 14.

Residential resale housing activity declines in the province eased last month, falling by 3.8 per cent to 4,611 units.

Oct. 24, 2016 | CREBNow

Alberta home sale declines eased last month

Smallest year-over-year decline since 2014

Residential resale housing activity declines in the province eased last month, falling by 3.8 per cent to 4,611 units, according to the Alberta Real Estate Association.

The provincial organization noted September represented the smallest year-over-year decline since December 2014.

Meanwhile, the average MLS® residential price in Alberta rose 3.9 per cent from September 2015 to $396,646.

Sept. 30, 2016 | CREBNow

Real estate council receives international awards

RECA recognized for education, communication

The Real Estate Council of Alberta (RECA) was recently recognized for its educational and communications efforts with two awards from the Association of Real Estate License Law Officials (ARELLO).

RECA, a non-government agency responsible for governing the industry under Alberta's Real Estate Act, won an education award for its pre-licensing education course, the Practice of Rural Real Estate, and a communications award for the 2016 edition of the Advertising Guidelines.

The awards were presented at ARELLO's annual conference in late September in Vancouver.

Ashley Baptiste and Mark Kirk, founders of Serenity Acres Tiny Homes are trying to bring back the idea that it's possible to achieve financial freedom and home ownership.

April 06, 2016 | Giselle Wedemire

Tiny homes trend faces big hurdle in Calgary

City needs to pave the way for small housing option

If Tiny House Hunters, the compact-sized spin-off of HGTV's hit show House Hunters, is anything to go by, tiny homes may be coming to a neighbourhood near you. That is, if the neighbourhoods near you are in the United States.

Up north, however, the question of whether tiny houses will be fully embraced by Calgarians is up for debate.

With their limited size – usually around 400 sq. ft. or less – tiny houses often come at a fraction of the price of their traditional counterparts. Though prices vary from builder to builder, Kijiji listings for tiny homes for sale in the Calgary area range from about $17,000 to $39,000.
Calgary housing prices, 2005 – 2015.  Source CREB®

March 18, 2016 | Mario Toneguzzi

The many faces of prices

A guide to distinguishing average, median and benchmark prices

Sellers and potential buyers in today's residential real estate market can be understandably excused if they are confused about what's happening with housing prices.
After all, for both, price changes in the market are supremely important. Plus, CREB® gathers price information that, to the untrained eye, can tell different stories.
For example, in February, CREB® reported the benchmark price in the city for all MLS® properties that were sold was $445,000, or down 3.45 per cent from February 2015. However, the average MLS® sale price increased by 2.72 per cent to $472,529 while the median price was unchanged at $420,000.
From top to bottom, that's a difference of close to $30,000.
"It's looking at values based on criteria such as square footage, total bedrooms and bathrooms, location, property type."

So what should one look at if they are either selling a home in this tough market or hoping to buy one?
A good start would be by looking at what each price category entails, said CREB® chief economist Ann-Marie Lurie. For example, the median price looks at every sale that has occurred in the market, ranking them from lowest to highest. The median price is the midpoint of all the sales.
Lurie said the average sale price is adding up the total dollar sum of the purchases divided by the number of total sales.

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