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REAL ESTATE (CENTRAL)
P R O F E TA | H A R E | S I L B E R M A N N I C K J M P R O F E TA ®
H E AT H E R P R O F E TA
REAL ESTATE (CENTRAL)
PAT H A R E
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MARTINA SILBERMAN ®
FREE dec 13 to dec 19 2013 issue 03-49
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real estate news from industry experts
a measured increase Calgary construction levels rise in November Cody Stuart
managing editor
T
he upcoming nights may be silent, but Calgary’s days were full of another sound in November. Driven by a surge in multi-family construction, local builders hammered out 1,693 new home starts in November, a 71 per cent increase over October. “The gain in housing starts in November can be attributed to a heightened level of row and apartment construction,” said Canada Mortgage and Housing Corporation (CMHC) Senior Market Analyst Richard Cho. “We saw a number of condo apartment projects break ground last month, which were likely in the planning stages for several months before. It is not unusual to see swings in multi-family starts from month-to-month, especially if you have any larger projects start construction.” Broken down by sector, singledetached homes showed the smallest monthly increase, with builders breaking ground on 595 new single-family homes in November compared to 511 during the same month of 2012. The multi-family sector saw a much larger increase, with starts increasing by an astounding 129 per cent from 479 to 1,098. Housing starts in Alberta increased by 7.1 per cent year-over-year, marking the largest increase in the country. Nationwide, housing starts dropped by three per cent. On a seasonally adjusted basis, Alberta homebuilders started construction on 42,206 new houses in the province, making October only the second time the total has exceeded the 40,000 mark since 2007. The figure, used by CMHC to account for considerable swings in monthly estimates is expressed as an annualized rate, meaning that if the pace of construction set in November was to continue for twelve months, there would be this many new homes built in a year.
starts A3
cody stuart, Managing Editor
SINGLE FAMILY
NOV11 3761 DEC11 2761 2980 JAN12 3093 FEB12 MAR12 3367 3501 APR12 MAY12 3842 3817 JUN12 JUL12 3646 AUG12 3535 SEP12 3486 OCT12 3114 2586 NOV12 DEC12 1859 JAN13 2075 2048 FEB13 2727 MAR13 2977 APR13 3311 MAY13 3199 JUN13 2917 JUL13 2791 AUG13 2789 SEP13 2705 OCT13 2171 NOV13
MLS® MONTH END INVENTORY* NOV ‘11 – NOV ‘13
Lumino South – New affordable housing option opened CREB® STAFF
D
ec. 9 marked the grand opening of Lumino South, an affordable housing option for Calgarians, which was built by a collaboration of the City of Calgary, the province and Kanas Corporation. Lumino South is located at 5717 2 Street SW and has 88 units offering either one or two bedroom units for low to moderate income Calgarians. The building is located near parks, shopping centres and has easy access to transit.
*All statistics based on monthly data compiled by CREB® via MLS® activity.
RIDEAU PARK
lumino A3
RIVERSTONE IN MISSION
603 3339 RIDEAU PL SW
1605 318 26 AVE SW
$389,500
$995,000
Treat yourself to the best location and lifestyle with this inner-city oasis! Atop a tranquil hill surrounded by the river valley, this beautifully renovated suite enjoys dazzling panoramic views of the city skyline. The open kitchen is light and bright, with stainless steel appliances and premium granite counters. MLS®C3592975
Full-on panoramic views of the Elbow River and mountains will captivate in the generous open-plan principal rooms, while grand windows in the master suite invite the lights of downtown in. The suite has been renovated top-to-bottom with walls moved, floors re-done, and baths and kitchen reimagined in granite, stainless steel, slate and cherry. MLS®C3588157
BRIAN MAHONEY & ROB PARK
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event listing
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A9
BMO Housing Report
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RIVERSTONE IN MISSION
COMING SOON! Beautifully renovated suite in dignified Riverstone. 2 bedrooms, 2 bathrooms. Open plan with over 1800 sq. ft. of sublimely finished living space. Breathtaking city skyline views, hardwood, tile, high-end appliances, full home automation and 2 titled indoor parking stalls all in one of Calgary’s most luxurious and amenity-loaded buildings. Please call.
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