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FREE oct 2 to oct 8 2015 issue 05-38
real estate news from industry experts
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SEAL OF APPROVAL Calgary creates secondary suite registry program CODY STUART
managing editor
C
algary’s secondary suites debate now has its very own sticker. In an effort to promote legal and safe secondary suites, the City of Calgary has launched a secondary suite registry and sticker program. The online, searchable registry tool and registered sticker program will help Calgarians verify if a secondary suite has been inspected by the City and meets the requirements of Alberta’s building codes at the time of its approval. Having added a legal secondary suite to his southwest Calgary home shortly after its purchase, Bryan BackmanBeharry believes the City’s move will increase demand for legal, safe and abiding suites like his own. “I expect it will increase demand for legal suites,” said Backman-Beharry, who has already received his registry sticker from the City. “It offers renters peace of mind by allowing them to quickly confirm whether or not a suite has the city’s stamp of approval, which assures them that it meets specific standards for safety and comfort.” Under the new program, registered secondary suite owners will receive a sticker that can be used to promote their suites to current and future residents. The online registry and mapping tool allows Calgarians to enter an address, registry sticker number or community to verify a legal and safe secondary suite. Once the home is sold, the registration transfers to the new owner.
SECONDARY SUITES A3 Calgary homeowner Bryan BackmanBeharry displays the approval sticker for his secondary suite, one of 431 recognized as legal under the City’s new secondary suite registry program.
MLS® NEW LISTINGS* AUG ‘13 – AUG ‘15
AUG13 2,725 SEP13 2,773 OCT13 2,794 NOV13 2,521 DEC13 1,825 JAN14 971 FEB14 2,396 MAR14 2,711 3,319 APR14 3,753 MAY14 4,327 JUN14 3,817 JUL14 3,219 AUG14 3,147 SEP14 3,259 OCT14 2,919 NOV14 2,093 DEC14 JAN15 1,381 FEB15 3,288 MAR15 2,950 APR15 3,136 3,064 MAY15 3,161 JUN15 3,122 JUL15 2,733 AUG15
CITY OF CALGARY
CODY STUART, Managing Editor
*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.
COUNCIL AGREES TO PROPERTY TAXES CUT CREB® STAFF
C
ity council has approved adjustments to the 2016-2018 operating budget that will bring the 2016 tax rate down to 3.5 per cent from the previously approved 4.7 per cent increase. The move will translate into a property tax increase of $4.90 per month for the typical residential property (compared to $6.75 per month at 4.7 per cent).
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CONTENTS NEWS BRIEFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 FIVE THINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 Calgary’s Resilience Budget
MUNICIPAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A5 Vacancy rates
POP THE QUESTION. . . . . . . . . . . . . . . . . . . . . . A6 Amery Calvelli, d.Talks
MORTGAGE RATES . . . . . . . . . . . . . . . . . . . . . . . . A10 INDUSTRY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A10 Property division
COMMUNITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A11 Playgrounds
MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B19 @crebnow
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