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A7 FREE july 17 to july 23 2015 issue 05-27 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca
real estate news from industry experts
POWER UP Summer sun shines spotlight on Alberta’s energy supply
CODY STUART
managing editor
W
ith temperatures in Calgary and across the province soaring for much of July, Alberta’s power industry is beginning to kick into high gear. Earlier this month, Alberta set a new record for energy consumption in the province. According to the Alberta Electric System Operator (AESO), usage on July 9 hit 10,520 megawatts, topping the previous record of 10,419 MW set last July. While summer demands for energy are less than those seen in winter — when demand can top 11,000 MW — the numbers are still enough to provoke some caution from the province’s energy operator. “Due to the significant generation added to the grid, we haven’t had an issue meeting the demand,” said Angela Anderson, spokesperson for AESO. “That being said, our system controllers monitor the grid 24 hours a day, seven days a week working with transmission facility owners and power generation owners to ensure that during times of high demand, contingency plans are in place and reserves are available to meet the electricity demand.” According to Anderson, the province has added 1,700 MW of supply since January 2014. As of September 2014, Alberta had 14,598 megawatts (MW) of installed electricity generation capacity. Even with the increased capacity, a heat wave last summer coupled with low wind and generators being offline saw AESO issue a request for Albertans to voluntarily reduce their power consumption. While no such request has been issued this summer, Anderson suggested a few tips for Albertans looking to lessen their energy demands. “During times of high demand, typically when there is a heat wave, we see usage the highest between 5 and 7 p.m.,” said Anderson. “There are a few things Albertans can do to help reduce electricity usage such as: run major appliances during off peak hours, turn off unnecessary lights, turn off non-essential electrical appliances.
ENERGY A3
CODY STUART, Managing Editor
$455,400
$454,100
$451,600
$454,300
EVENT LISTING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6
$456,300
$459,100
$459,500
$459,900
$458,400
$457,300
$456,700
$456,100
$454,800
$449,800
$443,400
$437,600
$431,400
$426,300
$422,800
$421,500
$419,000
$415,100
$414,700
$411,700
*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.
AIRDRIE EXECUTI V E
CONTENTS ACTUAL HOUSING STARTS DROP IN JUNE
NEWS BRIEFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3
WEEKLY FEED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6
CREB® STAFF
MORTGAGE RATES . . . . . . . . . . . . . . . . . . . . . . . . A8
C
JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14 JUL14 AUG14 SEP14 OCT14 NOV14 DEC14 JAN15 FEB15 MAR15 APR15 MAY15 JUN15
$409,300
CITY OF CALGARY
MLS® BENCHMARK PRICE* JUN ‘13 – JUN ‘15
Calgary’s recent heat wave saw the city set a new summer record for power consumption.
algarians were less likely to hear the sound of hammers in their neighbourhood in June. According to Canada Mortgage and Housing Corporation (CMHC), actual housing starts in Calgary fell in June compared to the same month in 2014.
CONSTRUCTION A3
MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B19 @crebnow
STUNNING BAYSIDE CUSTOM BUILT EXECUTIVE WALKOUT WATERFRONT HOME LOCATED ON A LARGE PIE LOT!
/crebnow
crebnow.com
$769,000
Each of the 3 bedrooms comes with an ensuite bathroom. 3rd floor is dedicated to master retreat, with a triple sided fireplace for the bedroom and incredible ensuite with jetted tub and double shower.... Plus a private deck laundry room, and huge walk-in closet. The upper bonus room even has a mountain view. Main floor has walnut hardwood throughout. Chef approved gourmet kitchen with high-end appliances and granite counters. The living room has a 2 way fireplace which can be used outside on the large deck. 27x20 garage. $850,000 replacement value.
MLS ® C4011730
LARRY PETERSON
403.560.8865 | www.mrsold.biz