Crebnow jan 30,2015

Page 1

NEW YEAR, NEW HOME

Inner City Feature

A three-part series on how to refresh your home in 2015 A7

A9 FREE jan 30 to feb 5 2015 issue 05-03 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

real estate news from industry experts

ATTAINABLE CALGARY

COURTESY AHCC

Attainable Homes Calgary Corp. president David Watson talks new developments, the rental market and more

SINGLE FAMILY

$550,115

$560,117

$555,251

$567,653 $545,238

$553,451

$562,382

$520,686

$527,764

$516,447

$516,244

$512,359

$517,234

$524,900

$527,162

$521,887

$518,392

$510,834

$496,579

builders like Partners Development Group backing the AHCC program is an important part of the solution.” While CREB® forecasted housing sales to ease this year with prices increasing 1.58 per cent, AHCC president and CEO David Watson said he thinks demand for affordable housing isn’t going anywhere. “It’s somewhere between 20-30 per cent of people can’t afford to rent in Calgary let alone afford owning a house so the affordable housing issue is here to stay, I think, and we have to start figuring ways to deal with it,” he said. With the vacancy rate amongst the lowest in Canada – between one and 1.4 per cent throughout the year – Calgary

PROVINCE MAKES REVISIONS TO MUNICIPAL GOVERNMENT ACT CREB® STAFF

A

DEC12 JAN13 FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14 JUL14 AUG14 SEP14 OCT14 NOV14 DEC14

$496,636

$518,452

$550,312

MLS® AVERAGE PRICE* DEC ‘12 – DEC ‘14 $554,652

B

uying a home just got a lot easier for some Calgarians. Local builder Partners Development Group has committed 10 per cent of its upcoming multi-family homes developments to Attainable

$547,871

reporter/photographer

Homes Calgary Corp. (AHCC). AHCC is a non-profit organization delivering entry-level homes for Calgarians caught in the affordability gap. Those who qualify can get into the market with a mortgage pre-approval and only $2,000 down. “We work with AHCC as a way to give back to Calgary, helping more middle-income Calgarians get into home ownership through this socially

$556,402

KELSEY HIPKIN

responsible program,” said Greg Gutek, Partners Development Group president and founder. “We’re looking at our future Calgary developments to see how we can adjust the design and density to include more attainably-priced homes.” Partners has already delivered 23 units for the AHCC program and will add 16 to that when units at ARRIVE in Skyview Ranch start selling at the end of the month and 10 more later this year at an ARRIVE development in Evanston. “Affordable and attainable housing in Calgary continues to be one of the most important issues facing our city,” said Mayor Naheed Nenshi. “Having

lberta municipalities and the province are setting the stage for a revised Municipal Government Act as early as 2016. Representatives for the province’s municipalities, in collaboration with the Alberta government, recently signed a memorandum of understanding for the revision. The act is the legislative framework under which all municipalities across the province operate.

MUNICIPAL A3

*All statistics based on monthly data compiled by CREB® via MLS® activity.

Mapeland Homes Nolan Hill Sale!

65 NOLANFIELD MANOR 1535 SQ.FT

Move in right away! Compare the incredible value from this Award Winning Builder!! Call for details about this fantastic area! 403-863-(SOLD)7653 / www.DarrenCameron.ca

MLS® C3646130

26 NOLANFIELD MANOR 1535 SQ.FT DOUBLE GARAGE MLS® C3646062

313 NOLANFIELD WAY 1741 SQ.FT ACROSS FROM PARK, GARAGE MLS® C3646131

212 NOLANFIELD WAY 2216 SQ.FT 4 BEDS UP WITH GIANT BONUS ROOM MLS® C3647100

$449,800

$469,800

$499,800

$554,800

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Chairman David Laycock and president and CEO David Watson of AHCC. Local builder Partners Development Group is committing 10 per cent of its upcoming multi-family product to the non-profit. rents conversely ranked as the highest in all of Canada. According to Canada Mortgage and Housing Corp. (CMHC), monthly rents for a two-bedroom unit increased by 5.9 per cent over the $1,224 seen in October of 2013 to $1,322 in 2014.

ATTAINABLE A3

CONTENTS INDUSTRY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 Overnight rate decreases

NEWS BRIEFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 MORTGAGE RATES . . . . . . . . . . . . . . . . . . . . . . . . A5 MUNICIPAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 Lost Spaces

EVENT LISTING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 WEEKLY FEED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B23 @crebnow

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OVER 20 YEARS’ EXPERIENCE!

DARREN CAMERON

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