office increase
SEE MY AD ON PG. A3
Calgary sees fifth highest rise in rents commercial A11
Calgaryrealestateadvantage.com
airdrie feature a12 – A13
403.720.9501 Realty Professionals
403.256.3888
FREE feb 22 to feb 28 2013 issue 03-07 www.crebnow.com facebook.com/crebnow twitter.com/crebnow
real estate news from industry experts
Survey Aimed at Improving Condominium Living
an unending flame A look at how much Calgary has changed in the 25 years since the 1988 Winter Olympics A14
Topics up for discussion in online questionnaire include insurance requirements; access to corporation records; dispute resolution and board governance Cody Stuart
managing editor
T
he provincial government is asking Albertans to share their views on how to better legislate the development, purchase and operation of condominiums. The Alberta government is conducting an online survey with an eye towards a possible amendment to the Condominium Property Act. The province says it wants to ensure the Condominium Property Act reflects the current needs of Albertans and addresses new trends in the condominium market. “We want to build more effective legislation that provides appropriate consumer protection and supports the vibrant condominium industry in Alberta,” said Service Alberta Minister Manmeet Bhullar. “The direction we get from Albertans will help us improve standards and provide long-term solutions to the challenges facing Alberta’s condominium industry.” The consultation, which is in the form of a nine-part survey on the Service Alberta website, covers a wide range of topics, including: consumer protection for buyers; insurance requirements; access to corporation records; dispute resolution; board governance and regulatory standards for condominium managers. The idea of increased protection for Alberta condo owners is something CREB® president Becky Walters is in favour of. Walters said condos account for nearly 30 per cent of all MLS® sales in Calgary, and even something as innocuous as access to documentation is an area where buyers could use a little more certainty.
condo living A3
kelsey hipkin, Reporter/Photographer
SINGLE FAMILY
1609
1582
1174 1006
1132
A 879 745
773
722
791
734
JAN11 FEB11 MAR11 APR11 MAY11 JUN11 JUL11 AUG11 SEP11 OCT11 NOV11 DEC11 JAN12 FEB12 MAR12 APR12 MAY12 JUN12 JUL12 AUG12 SEP12 OCT12 NOV12 DEC12 JAN13 *All statistics based on monthly data compiled by CREB® via MLS® activity.
Absolutely stunning Home
MLS®C3553405
$679,900
Exquisite finishings on all three levels, inside and out! The main floor features hardwood floors, 2 storey vaulted ceiling, oversized windows and a skylight for an abundance of natural light. A formal dining room or living room is separated from the great room by a stone faced, 3-sided gas fireplace with built-ins. Great room is open to the dining room & kitchen - perfect for entertaining. Dream gourmet kitchen!! 1,700 sq. ft. above grade, but this home has the footprint of a much larger home which is apparent by the size of both the main floor and in the lower level. Two staircases trimmed with a maple wood and wrought iron railing, separating the master bedroom and the additional two bedrooms. Downstairs has space for a great entertainment center and fantastic potential for a 4th bedroom. Choice location only minutes from Marda Loop, River Park Sandy Beach and Glenmore Reservoir pathways in the heart of the community. Great home! Great value!
For more details call the “Home Hunters”
grant
Calgary repeat contents prices see news briefs A3 slight decrease test your knowledge A6 in January Fire safety CREB® STAFF
962
988
1036
1106
1153
1284
1386
1398
1313 1217
1169
1355
1576
1710
MLS® NUMBER OF UNITS SOLD* JAN ‘11 – JAN ‘13
ccording to the Teranet House Price Index, while Calgary’s prices for repeat home sales were down 0.1 per cent in January compared to December, they were up 4.3 per cent compared to January 2012. “In January the Teranet-National Bank National Composite House Price Index ™ was up 2.7 per cent from a year earlier, the smallest 12-month gain since November 2009,” stated a report.
market A3
A10 A11 A14
mortgage rates commercial how to Prep for painting
A15
design SigmaDek launch
B1 B23
map open houses
better tHAn new condo
MLS®C3554222
$292,500
& steve Hunter
403-252-6124
Ranchview Vistas: One Owner. Beautifully maintained and nicely upgraded 2 bedroom, 2 bathroom apartment condo with hardwood and tile flooring and in-suite laundry. Living room, with corner gas fireplace, is open to the dining area & kitchen. Kitchen is bright and spacious with an abundance of natural light with plenty of maple cabinets, countertop space plus a raised 3 stool breakfast bar. Sunny exposure with a balcony overlooking the park. Titled heated parking and an additional storage locker. Excellent “Cardel Homes” development, only 3 years old. A must to view! Pet-free, smoke-free home. Great for first time buyer or as an investment property. 75 days possession negotiable. Great location, across from the park, close to transit, schools, shopping and all other amenities. Shows pride of ownership!
homehunters@thehomehunters.com
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eh o m eh
un te rs
sutton group canwest vista
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