Crebnow feb 24,2017

Page 1

GO GO GADGETS:

SPRING CLEANING FOR YOUR ACREAGE

Four new devices for your digital life DIGITAL DOWNLOW A7

Planning ahead makes country life a breeze

See our listings on page B16

A4 – A5

FREE feb 24 to mar 2 2017 issue 07-07 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

real estate news from industry experts

RADIUS RISING

Condo project in Bridgeland is a welcomed sign of progress for Bucci Developments BARB LIVINGSTONE for creb®now

W

hen Mike Bucci completes his Radius condo project in early 2019, it’s unlikely to be the end of his company’s love affair with The Bridges — a redevelopment in the north inner-city neighbourhood of Bridgeland. In fact, the vice-president development for Bucci Developments says when the City puts the remaining three parcels of land in the last phase of The Bridges on the market he will be first in line to buy. “We’re calling the City every day telling them we’re interested,” he said. “We love Bridgeland and it’s a pretty special site.” The City of Calgary, which has managed development of all 14-hectares of land in The Bridges, has not indicated when that final release will occur, but area Councillor Gian-Carlo Carra says it will be “very shortly.” The three-phased redevelopment project sits north of Memorial Drive and the Bow River and east of Edmonton Trail, anchored by the First Avenue N.E. main street. Much of its final phase has yet to be launched, nearly 20 years after the 1998 demolition of the General Hospital, the site upon which much of The Bridges sits. It was one of the first forays the City made into urban redevelopment and Carra says while it’s been a model from a design perspective, even winning some international awards, the length of time toward completion is partly due to over-regulation among other factors. “(There was) a belief that density was horrible for a neighbourhood,” he said. “But now, everyone wants to live there.” Completion of The Bridges can’t come soon enough, says BridgelandRiverside Community Association (BRCA) planning director Ali McMillan. “We are pushing the city hard to get the lots developed,” said

WIL ANDRUSCHAK / FOR CREB®NOW

McMillan, adding that the project was originally scheduled to be completed by 2008. “Bridgeland is a highly desirable community and we would like to see The Bridges built out.”

Ali McMillian, planning director of the Bridgeland-Riverside Community Association, checks in on the Radius project, which is now under construction. Estimated completion is early 2019.

BRIDGES A3

CONTENTS

CANADIAN HOME SALES DOWN IN JANUARY

1,381 JAN15 3,288 FEB15 2,950 MAR15 3,136 APR15 3,064 MAY15 3,161 JUN15 3,122 JUL15 2,733 AUG15 3,081 SEP15 2,678 OCT15 2,182 NOV15 1,491 DEC15 2,741 JAN16 2,906 FEB16 3,227 MAR16 3,217 APR16 3,319 MAY16 3,078 JUN16 2,683 JUL16 2,759 AUG16 2,976 SEP16 2,364 OCT16 1,985 NOV16 DEC16 993 2,385 JAN17

CITY OF CALGARY

MLS® NEW LISTINGS* JAN ’15 – JAN ’17

NEWS BRIEFS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 HOUSING PROJECT. . . . . . . . . . . . . . . . . . . . . . . . . A6 Life House

BUYER PROFILE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 Andres Gutierrez & Isabel Echavarria

CREB® STAFF

RESIDENTIAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A8 Housing Starts

A

ccording to the latest statistics released by the Canadian Real Estate Association (CREA), national home sales were down slightly in January 2017 on a month-over-month basis. Home sales over Canadian MLS® Systems edged down by 1.3 per cent month-over-month in January 2017, putting them at the second lowest monthly level since the fall of 2015.

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

HOME SALES A3

CHARITY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A8 Kidney Mortgage

INDUSTRY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A9 Home-Buying Success

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

CREBNow

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