Full steam ahead for new communities in Calgary

Calgary's residential development sector continues to move dirt, lay down infrastructure and create lots as it responds to current consumer interest and prepares for the inevitable economic turnaround.

Within the city limits are several active new-home communities that continue toward buildout or are adding phases.

"Despite Alberta's current economic challenges, there is still a demand for the homes we build in Calgary and Edmonton," said Jason Palacsko, vice-president of Calgary communities for Brookfield Residential. "We are confident in Calgary's future and are moving forward with major projects."

Net-zero homes teetering between niche and mainstream, say experts

A net-zero home may soon become the Tesla of modern homebuilding.

Avalon Master Builder president Ryan Scott – whose company, in 2008, built its first of three net-zero houses in partnership with SAIT – said while consumer demand for green housing technologies is growing, there is still a ways to go before they become mainstream, given the added price tag.

"A certain number of people will put their money where their mouth is and buy a net-zero home (homes that produce as much energy as they use), just as they do for a Tesla (electric car that used to start at about $75,000 US)."

Broadview, Avi Urban big winners at SAM Awards

Broadview Homes and Avi Urban walked away as the big winners Saturday night as the newly amalgamated Canadian Home Builders' Associaton - Urban Development Institute Calgary Region Association held its 29th Sales and Marketing (SAM) Awards at the Telus Convention Centre.

Broadview Homes, which is part of the Qualico Group of Companies, took home Builder of the Year honours, while Avi Urban, a division of Homes by Avi, captured Mult-Family Builder of Year.

Broadview also won in three categories for single-family homes, while Avi Urban won in two individual categories.

Dual-master homes occupy important niche in Calgary market

Dual-master homes aren't a new phenomenon in the Calgary market, but they have long been popular among a growing cross-section of homebuyers whose needs cannot be met by a standard three-bedroom layout.

According to Wendy Jabusch, president of the Canadian Home Builders' Association-Calgary region, Calgary homebuilders have been building dual-master suites for roughly a decade, primarily in smaller home offerings.

"They would typically be in the small single-family homes, townhomes and that kind of thing," Jabusch said. "Certainly, in the apartment product, we've seen dual-master bedrooms for many years."

95 companies announced as 2015 SAM Awards finalists

Nearly 100 companies and professionals in the Calgary and area's residential construction industry were recognized Thursday as the newly amalgamated CHBA – UDI Calgary Region Association announced finalists for the 2015 Sales and Marketing (SAM) Awards.

The 29th annual awards, which celebrates and acknowledges innovation and excellence in the industry, will hand out 60 piece of hardware, including the top Grand SAMs – three builder categories (Builder of the Year, Builder of Merit for a small-volume builder and Multi-Family Builder of the Year).

Behind-the-scene details of how communities in Calgary come to life

For casual observers, it might appear that new neighbourhoods just sprout from the ground overnight.

In fact, those first show homes only come after years of planning and negotiation.

"When people see the graders out there, people think that's the start of a community, but it starts long before," said Brookfield Residential senior manager of strategic initiatives Grace Lui.

In the case of Brookfield's up-and-coming Livingston development in north Calgary, for example, grading might have started this year, but land acquisition took place 15 years ago. The new community, which will be comprised of 10,000 homes on 514 hectares of land just north of Stoney Trail, will welcome its first show homes in 2017.

Construction declines won't diminish market, says industry

Calgary's new housing market in 2016 will be characterized by a gradual slowdown, with highlights coming from first-time buyers, a resurgent luxury sector and continued multi-family growth, say industry insiders.

Canada Mortgage and Housing Corp. (CMHC) forecasts a 16 per cent decline in Calgary housing starts to 10,000 units, following a 23.9 per cent decline Calgary in 2015.
For single-family homes, that means only 4,000 starts this year — the lowest since 1988 – from 4,138 in 2015.

Multi-family starts are predicted to fall to 6,000 units from 8,895 last year.

Despite the slowdown, Canadian Home Builder's Association-Calgary president Wendy Jabusch believes Calgary's housing market will continue to remain healthy, especially as net-migration numbers to the city continue to be positive. The Conference Board of Canada forecasts levels will total 11,747 in 2016, compared with 14,951 in 2015.

Slowdown welcomed by new home industry

Local homebuilders and developers say they are heading into 2016 feeling positive after going through a year that brimmed with economic challenges.

"It's definitely been an interesting year," said Wendy Jabusch, president of the Canadian Home Builders' Association – Calgary Region and a vice-president with Brookfield Residential.

In particular, housing demand fell sharply in 2015 as the provincial economy sputtered through an oil patch slowdown that eventually led to pronounced job losses.

In the midst of a correction, experts identify silver-lining investment opportunity

Buy low. Sell high. It's the quintessential mantra of successful investors.

And for those who have long sought to execute this philosophy in Calgary's real estate market, a window of opportunity may be opening thanks to weak oil prices – particularly in the apartment-style condominium sector, which has seen inventory levels skyrocket in 2015.

According to CREB®'s recent monthly housing forecast, months of supply in the apartment sector increased to 6.9 per cent in November, causing benchmark prices to slide
0.5 per cent from October to $287,000. Meanwhile, year-over-year prices were off by 4.6 per cent.

By comparison, months of supply in the detached and attached sector sat at 3.4 and 4.8, respectively.

New initiative highlights growing housing concern

The City of Calgary has embarked on a three-year strategy to develop a more "age-friendly" city in light of some estimates that have the local senior population nearly doubling within the next decade.

Dubbed the Seniors Age-Friendly Strategy, the plan calls for the creation of community networks focused on issues such as housing, transportation and mobility.

Proposed actions include increasing the provincial standard for provincially funded affordable housing from 10 to 15 per cent, advocating for sustainable provincial funding for the development of new affordable housing and introducing a Land Use Bylaw Amendment to allow for more secondary suites.