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Broadcast Hill a8 Feature FREE aug 23 to aug 29 2013 issue 03-33
real estate news from industry experts
Government changes course
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CREB® president calls initial mandatory land title warning ‘rash’ Cody Stuart
managing editor
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algary’s REALTORS® are welcoming the province’s decision to back down on its “rash” decision to require mandatory warnings on land titles for properties in areas at risk for flooding. “They weren’t in a position to make any decisions,” said CREB® President Becky Walters. “So why somebody decided to come out with that kind of a rash announcement was really just a reaction to the capacity they were dealing with at that point, and somebody said ‘What about the future?’ “It wasn’t thoroughly thought through. It was an unfortunate reaction.” Following the flooding that affected several communities in Southern Alberta, the Redford government proposed all homes currently in floodways would have a mandatory “location notice” on their land title to warn future owners of flood risks. “Since we introduced our flood mitigation program to protect homeowners from future floods a few weeks ago, some common questions have been raised,” said Rick Fraser, associate minister of Regional Recovery and Reconstruction. “We’ve heard Albertans loud and clear and have taken their feedback to adjust the policy.” Those homeowners who live on floodways and flood fringes who received disaster aid from the province will still have the fact they received funding included on their land titles. For property owners in the flood fringe areas, the notice will be removed from the land title once minimum mitigation requirements have been met. However, the notice will remain on those homes on floodways to indicate future owners will be ineligible for future funding.
land title A3 CREB® President Becky Walters said the Alberta government’s initial mandatory land title warnings were “rash”. kelsey hipkin, Reporter/Photographer
SINGLE FAMILY
JUL11 AUG11 SEP11 OCT11 3761 NOV11 DEC11 2761 2980 JAN12 3093 FEB12 3367 MAR12 3501 APR12 3842 MAY12 3817 JUN12 3646 JUL12 3535 AUG12 3486 SEP12 3114 OCT12 2586 NOV12 DEC12 1859 JAN13 2075 2048 FEB13 2727 MAR13 2977 APR13 3311 MAY13 3199 JUN13 2917 JUL13
4630 4573 4753 4486
MLS® MONTH END INVENTORY* JUL ‘11 – JUL ‘13
*All statistics based on monthly data compiled by CREB via MLS activity. ®
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algary saw the second highest year-over-year price growth for repeat home sales in July according to Teranet-National Bank House Price Index. The index showed prices for repeat homes sales in the city have increased by 5.9 per cent in the 12 months leading up to July, trailing only Hamilton’s 6.7 per cent for highest in the country.
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Beautiful Bowness infill $599,900 open house: sunDay 1-4pm
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Repeat home sale prices keep climbing
4642 81 st nw
This 2271 sq. ft. 2 storey is the largest side by side infill in Bowness. This upcoming neighborhood is close to bike paths; Bowness Park and River (dry) located on a 10 meter lot. Boasts 9 ft. ceilings, hardwood floors throughout main floor. Enormous beautiful kitchen with plenty of kitchen cabinets, built in Jenn-Air range, butcher block, 5 seat walk up island, upgraded appliances and large eating area. Access to large beautiful deck off the eating area. Oversize family room with beautiful fireplace, 3 large bedrooms. Master bedroom with his and hers walk-in closets, 5 pc ensuite and fabulous upstairs laundry. Partially developed down RI bedroom, bath, and family room. Double detached garage insulated and dry walled. Priced to sell! Must See! mls®C3581632
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RiCk BlanChette 403.616.8144 to CheCk out this amazing pRopeRty RiCk.BlanChette@shaw.Ca