Former CREB® president Kent Lyle remembers impacts of National Energy Program like it was yesterday

It's perhaps the most contentious three words in Alberta's history: National Energy Program.

The early 1980s in the province are synonymous with the controversial federal initiative, which redistributed Alberta's oil wealth and, in turn, lead to a regional recession that few have since forgotten.

Ramsay seniors take next steps following demolition of historic hub

Four years after a hailstorm heavily damaged the building, the Ramsay Welcome Centre is coming down as residents begin to discuss what might replace it as part of their community hub.

The local seniors' centre has been located on Eighth Street S.E. since the 1970s. Before that, the building was actually located in West Hillhurst before being moved across the city, explains Denver Brust, vice-president internal with the Ramsay Community Association, adding the current community hall was built next door in the 1980s.

New southwest community by Mattamy to house up to 12,000 people

Come spring, the landscape of Calgary's deep southwest will be undergoing another change, this one being sculpted by Mattamy Homes.

With the snow gone, grading and storm pond construction is expected to get started on the new community of Yorkville, located over more than 190 hectares along the southern boundary of Silverado and moving further south and west.

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.

Commercial landlords thinking outside of the box in wake of high vacancy rates

Landlords in Calgary's suburban office market continue to display increasing creativity in the face of rising vacancy rates that are not expected to stem any time soon, says a new report.

In a third quarter report issued earlier this month, Barclay Street Real Estate noted the overall vacancy rate in suburban Calgary rose by
1.1 per cent from the second quarter to 22.3 per cent. Research director Anthony Scott attributed the slight increase to the introduction of new inventory that came to market with significant unleased space.