NEW YEAR, NEW HOME A three-part series on how to refresh your home in 2015 A10
CREB CHANGES STATISTICS
KEVIN O’LEARY
New alterations will add consistency to housing stock numbers
Investor talks money, oil and Hendrix
®
INDUSTRY A3
Brand new! Ready to move in! 403-863-(SOLD)7653 www.DarrrenCameron.ca
POP THE QUESTION A8
ROYAL LEPAGE FOOTHILLS
See the latest Quick Possession Brand New Homes by Darren Cameron on Page 3
FREE jan 23 to jan 29 2015 issue 05-02
real estate news from industry experts
editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca
YEAR OF THE RESIDENT East Village continues growth in 2015, announces rental offering KELSEY HIPKIN
reporter/photographer
C
algary Municipal Land Corp. (CMLC) president and CEO Michael Brown has proclaimed 2015 the Year of the Resident for Calgary’s East Village. Starting out as a blighted area between Inglewood and the downtown, East Village is fast becoming one of Calgary’s most sought-after communities. After being set for revitalization in 2007, the first residents will start moving in this May. Two condo towers in the community, FIRST and Fram + Slokker will open in May and August respectively, to about 800 of East Village’s newest resident. “This is a project that’s come a long, long, long way,” said Brown. “I’m very excited for this year. This is what it’s all about. This is why the shareholders started this project. It was all about getting new residents into our community.”
In August, the historic Simmons Building will officially open as a foodie haven, with new offerings including Charcut’s Charbar, Sidewalk Citizen Bakery and Phil & Sebastian coffee; encapsulation of the LRT will finish in the summer to make way for the new Central Library groundbreaking in the fall, and in the third quarter of this year, comes the groundbreaking of RioCan’s urban shopping centre, including a Loblaws grocery store. After the grand opening of the St. Patrick’s bridge in October, the island, which neighbours the Calgary Zoo, will also officially open. “Our new residents, current residents and, more broadly, the residents of Calgary have a lot to look forward to this summer when we open the revitalized St. Patrick’s Island Park after four intensive years of planning and construction,” said Brown. With Calgary’s vacancy rate hovering around 1.4 per cent, construction on rental projects have started sprouting up in the city. The most recent is the announcement of The Hat in East Village, a 221-unit rental offering. “Not everyone is interested or can imagine homeownership, but everyone needs a place to live and so renting is a very viable solution to many Calgarians,” said Abed Itani, president of Cidex Developments Ltd.
EAST VILLAGE A3
Cidex Developments has applied for a permit for The Hat, a 28-storey rental offering with 221 units, plus a daycare, in Calgary’s East Village.
RENDERING COURTESY CMLC
SINGLE FAMILY
DEC12 1859 JAN13 2075 FEB13 2048 MAR13 2727 APR13 2977 MAY13 3311 JUN13 3199 2917 JUL13 2791 AUG13 SEP13 2789 2705 OCT13 NOV13 2171 DEC13 1515 JAN14 1671 FEB14 1894 MAR14 2052 2445 APR14 2919 MAY14 3128 JUN14 3056 JUL14 3021 AUG14 2961 SEP14 2780 OCT14 2373 NOV14 1985 DEC14
MLS® MONTH END INVENTORY* DEC ‘12 – DEC ‘14
*All statistics based on monthly data compiled by CREB® via MLS® activity.
Call Doug McKay (403)975-1776 dougmckay@shaw.ca
CREB® STAFF
A
ttainable Homes Calgary Corp. (AHCC), in partnership with Partners Development Group, is looking to open more than 250 entry-level homes across the city to Calgarians in need. Partners Development Group has offered 10 per cent of its upcoming multi-family developments in the city to AHCC in a move to help more Calgarians into home ownership.
MUNICIPAL A3
CONTENTS NEWS BRIEFS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 COMMERCIAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 Outlook still positive
ECONOMY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 CREB® Forecast
EVENT LISTING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 WEEKLY FEED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 MORTGAGE RATES . . . . . . . . . . . . . . . . . . . . . . . . A8 MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B23 @crebnow
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crebnow.com
Excellent 1.49 acre development parcel with 600 feet of frontage onto Rainbow Road. Backing onto the canal and government reserve this property a mountain view and great sun-sets. This is a great location for a multi-family unit. In the Edgewater Area Structure plan as high density multi-family would hold 54 units. This would be a great seniors site or a great location for commercial as it is located on one of the main collector routes in Chestermere. Current zoning is Farm and Ranch if you want to hold the property. 2000 sq. ft. shop heated with 2 piece bath and 1000 sq. ft. mezzanine for office. 1140 sq. ft. bungalow with walkout and two car detached garage. Please do not walk on property or bother tenants. Showings subject to an acceptable offer. MLS®C3646257
1.49 Acres Future Zoning High Density Residential - $1,400,000 www.RealEstateAdvocates.ca
BUILDER COMMITS 10 PER CENT OF HOMES TO ATTAINABLE HOMES CALGARY
Real Estate Advocates
Chestermere is Alberta’s newest city with a population of over 17,000. There are virtually no rental apartments, no senior’s housing.