cantos
old city hall
haven for homeowners
New development shares love of music
Early days of building bathed in controversy
Home & Garden Show guaranteed to satisfy with over 650 exhibitors this weekend
arts A6
heritage A8
Essington
Together, your dreams realized
(403) 239-8250
home & garden A13
Sharon@SharonEssington.com vErico canada mortgagE dirEct Sign up for monthly mortgage tips at www.SharonESSington.com
SEE mortgagE on pagE a10
FREE feb 25 to mar 3 2011 issue 01-06 www.creb.com
Rising incomes and employment to encourage homebuying
Prairie provinces to experience modest gains in new and resale home markets CREB® Staff
H
ousing starts across the prairie provinces are expected to start slowly and improve as the year progresses, according to a report released this week by the Canada Mortgage and Housing Corporation (CMHC). The report entitled 2011 Housing Market Outlook, Prairie Highlights, detatils what’s on the horizon for the new and resale home markets. Here’s what CMHC is expecting in Alberta and across the Prairies. Alberta Housing Outlook Resale market Buyer’s market conditions in most of Alberta’s resale markets slowed transactions during the latter half of 2010 and will linger into the early part of 2011. “A higher level of net migration in 2011 will support demand, as will low mortgage rates,” noted Lai Sing Louie, CMHC regional economist in the report. “Rising incomes and employment will also encourage homebuying, pushing resale transactions to 54,000 units.” Expect resale transactions to grow modestly in 2012, as higher mortgage rates temper the impact of continued economic growth. Resale Prices Buyer’s market conditions in most Alberta markets will inhibit resale price gains in early 2011. Month-to-month price gains will occur in 2011 as market conditions firm, but will amount only to a fractional increase on an annual basis. The outlook for annual price growth is stronger in 2012. Supply and demand will be more balanced generating price growth of over two per cent and lifting the annual average price above the record set in 2007. Single-detached starts Alberta’s single-detached builders will remain cautious in early 2011 as they wait for presales to increase before substantially increasing housing starts.
prairie starts A3 Buyer’s market conditions in most of Alberta’s resale markets slowed transactions during the latter half of 2010 and will linger into the early part of 2011.
MLS® NUMBER OF UNITS SOLD* JAN ‘09 – JAN ’11
1396 1352 1262
1277 1257 1285
1585
Iris Sikina 403-390-SOLD Your Cochrane–Calgary Area Connection From RE/MAX REAL ESTATE (CENTRAL)
commercial real estate investment up
A
stronger economy and surging investor confidence triggered a 48 per cent increase in Canadian commercial real estate investment volume in 2010 to $18.9 billion, from $12.7 billion in 2009, according to the 2010 National Investment Report recently released by CB Richard Ellis Ltd. (CBRE).
commercial A3
BACKING ONTO THE BOW RIVER
$989,900
Fully finished custom walkout with river and mountain views! View pics & tour at www.isellcochrane.com MLS® C3418379
contents news briefs mortgage rates Zone mapS zone listings
zone a
zone c
zone d
inner city
town & country
zone b
commercial
open houses
A3 A10 B1 A17 A17 B3 B5 B7 B9 B13 B18 B19
NEED LOTS OF PARKING SPACE and a BIG yard?...
WWW.ISELLCALGARY.COM
V m iew y Pa list mo ge ing re A1 s o of 4 n
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(7653)
*All statistics based on monthly data compiled by CREB® via MLS® activity.
WWW.ISELLCOCHRANE .COM
news briefs
CREB® Staff
JAN09 550 825 FEB09 1086 MAR09 APR09 MAY09 JUN09 JUL09 AUG09 SEP09 OCT09 1095 NOV09 799 DEC09 762 JAN10 1035 FEB10 MAR10 APR10 MAY10 1061 JUN10 915 JUL10 867 AUG10 958 SEP10 888 OCT10 891 NOV10 734 DEC10 791 JAN11
1290
1584
1837
SINGLE FAMILY
cody stuart, CREB® Staff
$479,000
Recently upgraded two storey home on .43 acres provides ample parking, has an oversized garage/shop and boasts a large yard totally landscaped and fenced. The home is situated in the community of Shepard, a community that was annexed by the City of Calgary in 2007 and has a very bright future with surrounding infrastructure. Located on three city lots (each 50’ x 125’) the future owners have the option of subdividing the property! The entire home has been upgraded with new kitchen countertops, flooring, bathrooms, paint and much more. It offers a total of 3 bedrooms, 1.5 baths. The unfinished basement awaits your decorating ideas. Come enjoy the tranquility of the country, enjoy a view of mountains and still be only minutes from the city. MLS®C3422298
RogeR LehouiLLieR & Justyne Lis office: 403.669.7278
sutton group Canwest