Reality starting to sink in, says board president

Calgarians looking to sell their homes are slowly coming to the realization that it's a buyers' market and are beginning to manage their price expectations, says CREB® president Cliff Stevenson.

"I think there's still something to the fact that sellers are still adjusting to this – to the fact the pendulum has definitely swung in the buyers' favour. I think you've got some sellers that are obviously taking a bit longer to figure this out than others," said Stevenson, noting CREB® officially labelled it a buyers' market in November 2015 after three consecutive months of inventory increases.

Making a case against Wi-Fi in today's homes



It's a typical evening at home. Netflix is streaming on the big screen; the kids are downstairs playing on online game while blasting tunes from Spotify or Apple Music.

Mom is at her laptop catching up on some work through a VPN connection to her company's internal network, while dad's watching YouTube on his smartphone. Someone's probably checking Facebook, too.

And most, maybe all, of this is happening without a wired connection.

Wireless Internet is everywhere in our homes, but homeowners may rely in it more than they need to, say industry experts.

New site opens at Cannaught Park

The City of Calgary has opened its first fenced inner-city off-leash area at Connaught Park.

"There are almost 650 dogs licensed in the Beltline, and during public engagement we identified a need for a safe and dedicated off-leash space in the area," says Doug Marter, development manager for Calgary Parks.

Connaught Park, located at 11th Street and 14 Avenue S.W., was selected for its central location and because it was originally designed as a multi-use park, said the City.

Canadian Association of Municipal Administrators recognizes online tool

The City of Calgary's residential ePermit service captured top honours recently with a national award of excellence from the Canadian Association of Municipal Administrators (CAMA).

The online permitting tool, which launched last fall, won the 2016 CAMA Willis Award for Innovation in the Over 100,000 Population category.

Other winners in the category included Kindersley, Sask's, waste water project (Under 20,000 Population category) and Saint John, N.B.'s "one-stop development shop" initiative (20,001 to 100,000 Population category).

New national standards for home inspections will benefit consumers, industry says

Calgary home inspector Alan Fisher has heard his share of horror stories from homeowners who received less-than-optimal inspections prior to buying their homes.

Sadly, he said these tales of domestic woe are largely preventable given most stem from the unfortunate reality that not all home inspectors are equal when it comes to ferreting out potential issues.

"There are people out there offering a seven-day course where you write the test and you're certified," said Fisher, who owns Calgary-based Integra Home Inspection Services.

Secondary suites and sustainability highlight Sano Stante's year as CREB® president

The year was 2011: Naheed Nenshi was in his first full year as mayor, secondary suites had become part of Calgarians' daily lexicon and the term "sustainability" had started to creep into community development.

Looking back at it now, then CREB® president Sano Stante noted his year at the helm not only gave him a front-row seat to the action, but an enviable opportunity to influence change.

He noted his work with CREB® in advocating council to legalize secondary suites across the city stands out the most from his year of presidency.

"It's something I was really proud of," said Stante.

Seniors' groups welcome potential option to aging in place

Seniors' advocates in Calgary are cautiously praising a city council decision to look at a University of Calgary pilot project that's studying laneway housing as an option to aging in place.

In mid-May, council agreed to support a motion by Coun. Gian-Carlo Cara that would have City administration work with the university as it embarks on the next phase of its Aging-In-Place Laneway Housing project.

Kerby Centre CEO Luanne Whitmarsh called the idea, "a really interesting concept," but added more study needs to be done, such as ensuring that, "it isn't just going to make more isolation.

"Also, what does it look like? If (seniors) still need support and there are people entering the home instead of a grassy front yard, it's a back alley. We have to look at quality of life," she said.

CREB® chief economist walks through often-overlooked housing statistics

Months of supply is a statistic that often gets lost in today's housing market, yet it is an important indicator of the relationship between supply and demand, says CREB® chief economist Ann-Marie Lurie.

"It gives us one indication of balance in the market," she said of months of supply, which is the amount of time it would take to sell current inventory.

"If the number is really high – so you have a higher level of months-of-supply – that essentially just means that there's more supply than demand in the market and it generally correlates with declining prices in the market.

RECA emphasizes top priority is consumer protection

The Real Estate Council of Alberta (RECA) is reminding real estate professionals in the province to always discuss deposit arrangements with their clients in response to one Calgary brokerage recently closing and another one winding down operations.

The provincial regulatory body also advised professionals in the province to continue showing sellers' listings, even if they are listed by a brokerage that is shutting down, and to let buyers into their listings.

RECA communications manager Natalie Scollard said the organization's primary role when a brokerage shuts down is consumer protection.

New report paints mid-term picture

RBC Economics economist Craig Wright and Robert Hogue say the provincial recession continues to weigh on housing demand in Calgary, and such weakness is increasingly undermining prices.

In the bank's Canadian Housing Health Check released this week, the report's authors note the drop in property values has been generally modest to date; however, the pace of decline has accelerated and further downside remains.

Here are five things to know about contributors to Calgary's housing health so far this year: