Crebnow nov 25,2016

Page 1

BLINK OF AN EYE

Canmore development

Applying hands-free camera technology

Town looks to address lack of available affordable housing

DIGITAL DOWNLOW A6

Jerry Roberts

1988 CREB® President

A2

A4

FREE nov 25 to dec 1 2016 issue 06-46

real estate news from industry experts

editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

WATERSHED MOMENT Water conservation top of mind for developers and municipalities as usage could exceed supply in coming decades JOEL SCHLESINGER for creb®now

T

here’s more than meets the eye to a lake at the heart of Harmony, the much-talkedabout community by Bordeaux Properties and Qualico Communities west of the city. When the massive water feature project is completed this spring, it will not only be Alberta’s deepest manmade lake. It will also be a key part of the development’s water conservation plan, an initiative that is among the most progressive in the Calgary region, said Bordeaux president and CEO Birol Fisekci. “Our approach is a holistic,” he said. “This means that, in addition to Harmony building one of the most advanced water and wastewater treatment facilities in North America, we are taking into consideration at the entire water cycle of the area.” He added the lake will ultimately serve as a fresh water reservoir to help manage the community’s freshwater needs. While Harmony is at the leading edge, it’s by no means the only Calgary-area community addressing water conservation challenges. In fact, a recent University of Lethbridge survey found water conservation is a primary concern for seven out of 10 developers with projects underway or planned in the Bow River basin. The issue is so critical to the industry the Alberta Real Estate Foundation (AREF) — which supports initiatives to enhance the province’s housing industry — is a major partner in an innovative water awareness campaign called the Alberta Water Nexus Project.

The initiative, launched earlier this year, aims to raise awareness of how “converging water demands can impact new developments, land use decisions and socio-economic factors related to buying a home,” said AREF executive director Cheryl De Paoli. Central to the project is an online interactive simulator that lets visitors adjust water demand from various stakeholders such as homeowners, and how those changes affect water supply for other users such as agriculture and the oil and gas industry. Recent public awareness efforts aside, water use has long been on the radar of the Alberta government, which launched its Water For Life strategy about a decade ago in an effort to strike a balance between usage and conservation. Fresh water needs have traditionally presented supply and demand challenges in Alberta because, unlike many other provinces, it lacks large bodies of fresh water to serve as reservoirs for various needs from residential to industrial. Almost all of the province’s fresh water comes from glacial and snow run-off, with 80 per cent of it flowing through northern Alberta, says AREF. At the same time, 80 per cent of the population lives in the southern portion of the province, including 1.2 million Albertans who rely on water coming from the Bow River basin.

Bordeaux Properties president and CEO Birol Fisekci, left and Qualico Communities senior manager of development Cary Kienitz stand in front of Harmony’s central lake, with the community’s water and wastewater treatment facilities pictured in the background.

WATER A3

CITY OF CALGARY

PHOTO BY WIL ANDRUSCHAK/FOR CREB®NOW

CITY VOTES TO CONTENTS FREEZE TAXES FOR 2017

MLS® NEW LISTINGS* OCT ‘14 – OCT ‘16

NEWS BRIEFS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3

MORTGAGE RATES. . . . . . . . . . . . . . . . . . . . . . . . . A4

OCT14 NOV14 DEC14 JAN15 FEB15 MAR15 APR15 MAY15 JUN15 JUL15 AUG15 SEP15 OCT15 NOV15 DEC15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16 SEP16 OCT16

1,381

1,491

2,093

2,182

3,259 2,919

3,288 2,950 3,136 3,064 3,161 3,122 2,733 3,081 2,678

2,741 2,906 3,227 3,217 3,319 3,078 2,683 2,759 2,976 2,364

MUNICIPAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A5 Snow removal

CREB® STAFF

C

algary city council has approved the 2017 budget, and it includes a virtual tax freeze. Approved in record time by a unanimous vote, the 2017 budget offsets a 1.5 per cent tax hike by dipping into the City’s “rainy day” fund. For residential property owners, the freeze means any changes to their property taxes will depend on individual property tax assessments.

MUNICIPAL A3

IC E

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

PR G N ZI A

18 BLUE GROUSE RG

SILVERTIP, a small piece of heaven! As soon as you arrive, you know you’re SOMEWHERE SPECIAL Throughout the 3500+ square feet, you’ll appreciate the PURITY OF DESIGN + QUALITY OF FINISHING only found on a custom built home. Vaulted ceilings, floor to ceiling windows + incredible millwork. Careful attention was paid to ensure the connection with your special surroundings. An exceptional property for the discerning buyer. MLS®C4083026

Eagle Ridge

$2,850,000 260 EAGLE RIDGE DR

Rare, stunning, brick bungalow in Prestigious Eagle Ridge. Designed by McDowell and Associates and built by Laratta Homes, it has been meticulously maintained and updated. Completely open floor plan thoughout the main living area. Expansive kitchen overlooks formal and casual dining rooms and great room with feature stone faced fireplace. Large windows span the rear overlooking the exquisitely landscaped gardens with hot tub and gazebo that are truly an oasis. MLS®C4081488

lf course Back onto go

Guard your garage

MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B14 @crebnow

CREBNow

@crebnow

www.crebnow.com

403-680-9093

M

$2,450,000

HOW TO. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7

Gizella Davis

A

eat Canmore Retr

WEEKLY FEED. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6

$995,000 #207 5555 ELBOW DR SW

IMPECCABLE BUNGALOW backing onto the Calgary Golf and Country Club in the PRIVATE GATED community of Country Club Estates. Entertainment sized living room offers infinite adaptability to any decor or colour scheme. FORM & FUNCTION combine to create a custom kitchen with plenty of room to work, STYLISH cabinets, large island, top of the line appliances. MLS®C4088934

gizella@gizelladavis.com www.gizelladavis.com


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