REALTORS® serving Calgary and area

 

CREB Now Logo

Calgary's trusted source of real estate news, advice and statistics since 1983.

 

Stories Tagged - Calgary

News

June 10, 2015 | CREBNow

Calgary's suite life

The past, present and future of secondary suites in the city

Calgary is a city on the move. Energy sector uncertainty aside, cranes continue to dot the skyline and new communities continue to blossom along the outskirts.

However, despite years of debate, a familiar topic seems poised to remain as a burr under the saddle of the "Heart of the New West" – secondary suites.

Most recently, a council committee was tasked this week with determining whether to hold a plebiscite that would let the public decide whether suites should be allowed in neighbourhoods they're currently not zoned for. With an estimated price tag of $2 million, reports suggested city staff was fully opposed to the option.
CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo.
News

June 03, 2015 | CREBNow

Construction connection

Resale market impacting housing starts outlook

The sound of hammers has quieted in Calgary.

Following a record-breaking year for new home construction in the city, the pace has slowed considerably in 2015.

Through the first five months of year, the number of new homes starts in Calgary has numbered 3,954 – a 32.5 per cent drop from the same period in 2014.

The decline was even more dramatic in April, with just 777 homes breaking ground during the month compared to 1,952 during the same time last year – a decline of more than 50 per cent.
News

June 02, 2015 | CREBNow

A walk in the park

Green spaces in Calgary a hop, skip and a jump from all residential communities

With an average of 2,396 hours of sun each year, Calgary holds the title of Canada's sunniest city. Not surprisingly, residents, in turn, tend to take full advantage, especially when it comes to the city's parks and greenspaces.

Calgary boasts almost 8,000 hectares of parkland – as well as Fish Creek Provincial Park and nearby Glenbow Ranch Provincial Park. Connecting the city and its greenspaces are nearly 800 kilometres of pathways.
News

June 01, 2015 | CREBNow

Market moves towards balanced conditions

Calgary housing prices change direction in May

For the first time since December 2014, Calgary's residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent.

"For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity," said CREB® chief economist Ann-Marie Lurie. "This has helped prevent further declines in the unadjusted benchmark price."
Local researchers are pointing to a new international study that has found a connection between obesity and urban geography – in particular as it relates to living in high-rise apartments. CREB®Now file photo
News

May 26, 2015 | CREBNow

Putting your money where your feet are

Walk scores playing a factor in property values

As the old adage goes, "location, location, location" is one of the main factors in determining a home's value.


It can also help contribute to the overall health of a city, depending on how accessible it is to nearby amenities, said Robert Dalton with online sustainable city publication This Big City.

News

May 26, 2015 | CREBNow

What's art got to do with it?

While sometimes controversial, Calgary's public art legacy lives on


If anything public art in Calgary gets people talking.


The recently announced 23 metre tall "Bloom" for St. Patrick's Island, by Canadian artist Michel de Broin, has received both praise and ridicule from residents ranging from some who compare it to an "antenna array" and "expensive junk" to others who say it's "aesthetically pleasing" and a "graceful result."


Also new to the city's art scene is an interpretive public art exhibit by Alberta College of Art + Design (ACAD) students recently unveiled at Ralph Klein Park in the city's southeast.


The series of illustrations are intended to be visual reference and information pieces educating visitors on different living things in Ralph Klein Park.


"It's been a great privilege to be able to collaborate with the City of Calgary's Ralph Klein Park," said ACAD student Gladzy Kei. "My piece visually communicates the different types of birds; ranging from winter birds like the Snowy Owl, Raven, Black-billed Magpie, to birds that are active during the spring, summer, and then fall."


The ACAD piece adds to Calgary existing public art infrastructure, which has made headlines at several points throughout the last several years.


In February, city council voted 9-5 against a motion by Coun. Peter Demong that, in light of falling energy prices, would've frozen the city's public art budget.


The defeated motion came on the heels of the City making changes to its public art policy last May. Under the old policy, the city's "per cent per public art" was calculated at one per cent of the total capital project costs up to $4 million for City capital budget projects over $1 million. The new policy now sees the same spending level for projects under $50 million, but drops that ratio to 0.5 per cent on projects in excess of $50 million.


Outspoken art opponent Coun. Sean Chu proposed an even harsher cut at $25 million, but was defeated.


"I have often said that one of the key determinants of a successful city is our ability to focus in on the things that really impact peoples' quality of life, the things that make us smile every day," said Mayor Naheed Nenshi.


"It's important to invest in things like arts and culture and sports and recreation and great public spaces and even public transit – not just in and of themselves, but because they are key drivers to the economic and social success of the city."


Some public art pieces in the city have been more welcomed than others. The controversial Travelling Light "blue ring" on 96th Avenue N.E. cost $471,000 and drew the ire of many Calgarians, even prompting its sale on buy-and-sell site Kijiji.


The $370,000 Chinook Arc piece in Barb Scott Park, which changes colour depending on peoples' movement, has attracted less attention, as has the $3.12-million River Passage Park, intended to improve local habitat, wildlife movement corridors and recreation opportunities at Harvie Passage on the Bow River, which opened last fall.


One of Calgary's most expensive show pieces is the $25-million Peace Bridge over the Bow River. Despite drawing the ire of Chu, who has been dubious of cycle counts on the bridge, the structure is one of the most widely utilized and photographed landmarks in the city.


The bridge has won Canadian Architect's 2014 for best steel design and the Canadian Institute of Steel Construction's 2013 Engineering Award.




News

May 20, 2015 | CREBNow

The 'best backyard'

Beltline community home to relaxed atmosphere, pedestrian and cyclist accessibility

P.J Lavergne has called the Beltline home for the last 10 years.

"It's so close to everything," he said. "I don't drive, so it makes life easy. I'm, at most, a 10-minute walk from anything I could ever need."

Lavergne, who heads local rock 'n roll band Napalmpom, added the area's relaxed atmosphere comes through in the attitude of its residents.
News

May 20, 2015 | CREBNow

Rolling along

Expanded downtown cycle track set to open

Calgary cyclists dreaming of a road to call their town will soon see those dreams become reality.

Adding to Calgary's existing cycling infrastructure, four downtown streets will soon see the addition of dedicated bike lanes.

Along with a shared space running down a section of Stephen Avenue, the four new lanes will transform Fifth Street S.W., Eighth, Ninth and 12th avenues into bike-friendly routes as part of a pilot project by the City of Calgary.
News

May 20, 2015 | CREBNow

Keeping it interesting

Interest rates, economic uncertainty impacting Calgary market

For Calgarians Matt and Vanessa Haug, the stars aligned when they decided to purchase a new home in southeast Calgary.

The couple cited low interest rates and competitive house prices behind their decision to act now rather than wait – a sentiment slowly emerging since energy-sector uncertainty took hold in Calgary's housing market late last year.

"We got 2.69 [per cent] on a five-year fixed rate. It definitely impacted our decision," said Matt, who also cited house prices behind their decision to buy and noted the lower rate did not impact how much they ultimately spent on their new home.
News

May 20, 2015 | CREBNow

cSPACE arts hub breaks ground

Prev | 1 2 ...82 83 84 ... 106 107 | Next


Connect With Us