Two historic parcels of Okotoks land to be redeveloped for future generations

Once homesteading land for the D'Arcy and Wedderburn families, two historically significant properties in north Okotoks are to be redeveloped for a new generation of families.

United Communities has purchased approximately 178 hectares of farmland on both sides of Northridge Drive as sites for a pair of mixed use communities — simply to be called D'Arcy and Wedderburn.

Industry spokesperson says construction fund largely going unused

Players in one of the city's most active multi-family construction areas have made limited use of a cash-for-density fund established by the City of Calgary, says a spokesperson for the industry.

While a number of projects have been brought forward related to the Beltline Community Investment Fund (BCIF), the CHBA-UDI Calgary Region Association, the umbrella organization for the builders and developers in and around Calgary, is scratching its head about why the fund hasn't been used more.

How to get the sell and still be festive

With the holidays hot on their heels, homeowners will have plenty of opportunities over the next couple of months to indulge in outdoor decorations that range from the gruesome and garish to the feel-good and festive.

Yet housing experts still urge homeowners to keep curb appeal in mind when it comes to going over-the-top this Halloween and Christmas.

CREB® points to mortgage rule changes as motivator

For the first time in two years, resale residential housing sales activity in October resembled normal levels, according to a new report.

City-wide sales totaled 1,644 units, which is an increase of nearly 16 per cent over last year, reported CREB® in its monthly housing summary.

"The shift in sales activity this month is likely related to the new mortgage rule changes, inventory gains in the lower price ranges and further price adjustments," said CREB® chief economist Ann-Marie Lurie.

$180,000 in grant funding awarded to Calgary and area non-profits

In keeping with its long-legacy of giving, CREB® Charitable Foundation has awarded $180,000 in grant funding to local non-profits selected by REALTORS® through its Investing in HOPE program.

The Charitable Foundation typically awards 15 grants through the Investing in HOPE program, but thanks to the generosity of its board of governors who unanimously agreed to inject an extra $30,000 this year, 18 organizations providing sustainable community solutions, shelter and care will receive a $10,000 grant.

CMHC assessment unchanged from April

Calgary's housing market continues to exhibit signs of over-valuation as economic and demographic fundamentals have altered demand, says a new report.

In its housing market assessment released this week, Canada Mortgage and Housing Corp. (CMHC) noted moderate signs of over-valuation tag due to labour market conditions that have been weak and the seasonally adjusted unemployment rate averaged 8.3 per cent, up considerably from the preceding 10-year monthly average of five per cent.

It's the second time this year that CMHC has noted problematic conditions in Calgary's housing market, the last time being in April.

A stroll down haunted lane with Calgary's paranormal experts

Bring out yer dead!

It's Halloween in the city, which means spooks and specters will soon intertwine with sugar and sweets.

It's also a chance for many Calgarians to explore the city's haunted past. CREB®Now recently took a walk down "Elm Street" with local officials, who detailed the paranormal, the unexplained and everything in-between.

Experts say new mortgage rules might take some buyers out of the game

Getting into your "ideal" home might be more difficult following the introduction of new federal regulations pertaining to insured mortgages.

Under new regulations introduced this week, all mortgages must be "stress-tested" at the posted rate instead of negotiated rates that have recently been around 2.5 per cent.

Previously, only mortgages with a term less than five years, as well as any variable-rate mortgages, had to qualify at the benchmark rate.

Former CREB® president Bonnie Wegerich remembered challenges, successes in 2009

Bonnie Wegerich can sum up her time as CREB®'s president in 2009 with one word: recovery.

After residential resale housing prices in Calgary reached record highs in 2007, an economic downturn the following year caused prices to drop and sales to halt – a spillover effect that went well into Wegerich's year at the helm.

"In January, we had more sales than in December, and we were very excited about that. That's where we went from. Every month was getting better than it was," remembered Wegerich, a longtime real estate professional who worked and lived in Airdrie.

Former CREB® president Joyce Travis remembered moving beyond 9/11, adapting to circumstances

Four months after devastating terrorist attacks on Sept. 11, 2001, left thousands dead in the U.S., the pain was still palatable – even as far as Calgary.

"Everybody was just shell shocked," said Travis, who, amid that atmosphere of uncertainty, took over as president of CREB®.

In Calgary, the attack led to hesitancy that was manifested, at least early on, by a sluggish housing market. Travis said consumers were reluctant to make major decisions, such as buying or selling a house.