Luxury Homes Feature flower power
YYC Grows
Have your zucchini and eat the flowers too
A8 – A10
A three-part series looking at everything from yard and garden care to community gardens and initiatives.
donna balzer A15
Part 3 A6 FREE july 4 to july 10 2014 issue 04-26 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca
real estate news from industry experts
Supply and Demand
A City of Change Senior population in Calgary set to triple in 30 years kelsey hipkin
reporter/photographer
C
algary’s reputation as a rapidly changing city isn’t confined to its architecture. By the early 2030s, the City projects – for the first time ever – Calgary will be home to more seniors than youth. “Between 2012 and 2042, the population over 65 is expected to triple from roughly 100,000 people in 2012 to over 300,000 in 2042,” said Katie Black, acting director for Community and Neighbourhood Services with the City. The influx raises the question of what housing options will seniors have over the next 20 to 30 years mean for the city? A recent report from the Canada Mortgage and Housing Corporation (CMHC) found the average vacancy rate for seniors’ residences was 4.1 per cent this year compared to 6.9 per cent in 2013. The average monthly rent for a standard retirement space in Calgary increased to $3,460 from $3,314 in 2013.
June brings rise in number of homes sold and listed Stats A3
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If we continue to build all single-family, two-storey homes, those might not be the best in terms of ageing in place...”
In an study conducted by the City, 85 per cent of Canadians aged 55 and over would prefer to remain in their current residence as they age. The report noted, with the number of older adults looking for housing in Calgary in the years to come, a strain will result on housing availability, as well as healthcare and other support services and resources.
According to CREB® Chief Economist Ann-Marie Lurie, improving supply should help push Calgary’s housing market towards more balanced conditions, thereby easing price growth. kelsey hipkin, Reporter/Photographer
SINGLE FAMILY
MLS® AVERAGE DAYS ON MARKET* JUN ‘12 – JUN ‘14
49
affordable housing A3
contents Province releases 2013-14 capital plan highlights
news briefs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3
event listing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6
51
weekly feed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6
47
45
43 42 43 41 36
Carlie Ferguson
executive assistant, director’s office, City Wide Policy and Integration
39 37 37 37 38
37
Nolan Matthias
40
mortgage rates. . . . . . . . . . . . . . . . . . . . . . . . . A7
CREB® STAFF
34 31 31
29
27
25 26
28
JUN12 JUL12 AUG12 SEP12 OCT12 NOV12 DEC12 JAN13 FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14
33
mortgage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7
*All statistics based on monthly data compiled by CREB® via MLS® activity.
H
ighways, schools and hospitals were among the primary beneficiaries from a reported $5 billion spent by the Alberta government on capital projects last year.
province A3
MLS® Statistics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . A10 June 2014
commercial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A11 map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 open houses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B23 @crebnow
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