Crebnow aug 19,2016

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BACKYARD TECH

Condos Feature

Cool inventions for outdoors heating up

Boomers leave their mark in ‘downsize’ market

DIGITAL DOWNLOW A6

Alan Tennant

1998 CREB® President

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FREE aug 19 to aug 25 2016 issue 06-32 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

real estate news from industry experts

WORK OF ART City’s evolving arts scene a good news story for real estate

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to B.C. but many stay for the wealth of activities here, which are part of a continuum of well-established cultural industries in the city.” Calgary real estate professional and actor Scottie Grinton said the city’s arts scene has encouraged many of his clients to stay in Calgary for longer than they thought they would. “They might come with a two- to five-year plan, but then they discover that vibrancy and newness here that’s so much more than just Stampede,” he said. “When I moved here from Toronto 35 years ago, there were 650,000 people, and the population has since doubled in size. I remember Alberta Theatre Projects was at Heritage Park in a crummy little theater and now it’s a stalwart part of the community.”

CANADIAN HOME SALES POST THIRD CONSECUTIVE DECLINE IN JULY

MLS® TOTAL SALES* JUL ‘14 – JUL ‘16

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ecent high-profile additions to Calgary’s cultural scene stand to benefit the city’s real estate market in a big way, say experts. New facilities such as Studio Bell’s National Music Centre and the Calgary Film Centre will go a long way toward helping the city shake off its stodgy Cowtown image, said Tom Keenan, a professor at the University of Calgary’s Faculty of Environmental Design.

“Interesting people, things to do, cultural amenities like the opera – these all play a role in making a city appealing to live in,” he said. “In a smart community, we think about technology, being connected, and the ability to do all kinds of things online. The real part of it is what happens when you disconnect — when you’re not sitting in front of your computer and want something intelligent to do. Smart communities need smart people, and all the evidence shows the tech sector is growing in Alberta, because it’s attracting people who

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would not have considered living in Calgary 20 years ago.” And they’re part of the reason why more young people are increasingly choosing to stay in Calgary instead of moving to other Canadian hubs such as Vancouver or Toronto, added Graham Livesay, associate dean and professor in the master of architecture program at the U of C’s Faculty of Environmental Design “One major factor in being able to draw a lot of talent here over the last 15 to 20 years is because of the strong economy. But there’s no doubt people also like the quality of life here, to be able to do things you can’t do in Toronto,” he said. “A lot more people are also staying here when they retire. There used to be the notion that you would move

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BARBARA BALFOUR

WIL ANDRUSCHAK/FOR CREB®NOW

Tom Keenan, a professor at the University of Calgary’s Faculty of Environmental Design, expects new facilities such as Studio Bell’s National Music Centre will attract more newcomers to the city. As the city and its arts scene continues to grow, the need for better transit and walkability in communities will need to increase as well, added Grinton. “A neighbourhood like the East Village is a great development from a real estate perspective, for people who like the urban lifestyle where you don’t need a car, can go out and get a glass of wine and walk to art galleries and theaters,” he said.

ARTS A3

CONTENTS NEWS BRIEFS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 MARKET. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 Industrial real estate

CREB® STAFF

WEEKLY FEED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6

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EVENT LISTING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6

ational home sales declined for a third consecutive month in July, according the Canadian Real Estate Association (CREA). The number of homes trading hands via Canadian MLS® Systems fell by 1.3 per cent month-over-month in July 2016. With similar monthly declines having been posted in May and June, national sales activity in July came in 3.9 per cent below the record set in April 2016.

*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.

INDUSTRY A3

MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B15 MORTGAGE RATES. . . . . . . . . . . . . . . . . . . . . . . . . B15 @crebnow

CREBNow

@crebnow

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MLS®C4074441

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Lee Edwards 403.540.0540

8 WHITE CR, BRAGG CREEK

CANYON CREEK

braggcreekrealestate.com lee@braggcreekrealestate.com


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