Calgary Parks Feature

A7

a few good bugs

Lady beetles, lacewings and midges, oh my

donna balzer A15

AnIbAl

roDriGUeS

Phone 403.512.1930

RUI

Torneiro

Phone 403.510.3358 PaGe a3 Sutton Group Canwest (Vista) www.calgarybuysellhomes.ca

real estate news from industry experts

FREE aug 1 to aug 7 2014 issue 04-30 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

balancing act

Mid-year forecast calling for more supply, added choices

kelsey hipkin reporter/photographer Mario DeMarco thought he was prepared for anything after deciding to become a first-time homeowner. The 25-year-old Calgarian has spent the past two years saving for a down payment, and was recently promoted at work, giving him the financial stability to purchase Also See: luxury A6 & condos A9 his own place ? ideally a condo in the Beltline. ?I had also decided to enter the market because the cost of a monthly mortgage payment now is very similar to rent, except with a mortgage I am building equity,? said DeMarco, who is still looking for a place to call home. Yet in searching for that first home, DeMarco came face to face with something he never thought he would in Calgary: choice. ?I feared that I would not find much selection in my range, but I have been happily mistaken,? he said. DeMarco?s experience reflects a recent shift by Calgary?s hot resale housing market into more balanced conditions, according to CREB?s® recently released Mid-Year Forecast Update. ?The current housing market has recorded double-digit sales growth which has outpaced the growth in new listings, keeping the overall market in sellers? conditions,? said CREB® chief economist Ann-Marie Lurie. ?However, there is a notable shift in the trend as some markets, including the condominium apartment sector have already moved toward more balanced conditions.? CREB® president Bill Kirk said forecasting a more balanced market should not be a surprise given a number of condo projects have come on stream as of late. ?We usually have a sales bump in February, March, April, May,? he said. ?With lead times for home possessions being two months or so, most buyers want to be in the house before the summer vacation so their kids start September in a new school.? forecast update A3 Calgary CMA Housing Starts Single Family 12,000 10,000 8,000 6,000 4,000 Y/Y % Change 7% 13% FORECAST 2,000 - ?01 ?02 ?03 ?04 ?05 ?06 ?07 ?08 ?09 ?10 ?11 ?12 ?13 ?14 Source: CMHC, Conference Board of Canada Forecast

SINGLE FAMILYMLS

®

MONTH END INVENTORY*

JUN ?12 ? JUN ?14

3817 3646 3535 3486 3114 2586 1859 2075 2048 2727 2977

JUN12 JUL12 AUG12 SEP12 OCT12 NOV12 DEC12 JAN13 FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14

*All statistics based on monthly data compiled by CREB ® via MLS ® activity.

3311 3199 2917 2791 2789 2705 2171 1515 1671

kelsey hipkin, Reporter/Photographer

1894 2052 2445 2919 3128

Mario DeMarco, who is in the market for his first home, said he?s been happy with the range of selection he?s found in Calgary.

LED lighting up five Calgary communities

CREB® STAFF

Five

Calgary communities are going to be a lot more energy efficient starting this summer. The City is installing 2,500 LED streetlights in Altadore, Douglasdale, Marlborough, Tuxedo Park and Brentwood in the first phase of an initiative focused on making existing lights more sustainable. green living A3

contents

news briefs

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event listing

..............................A6

weekly feed

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municipal

.....................................A8 Calgary architecture

how to

..........................................A10 Build a treehouse

mortgage rates

........................A11

pop the question

......................A13 Parham Mahboubi, Qualex-Landmark

commercial

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map

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open houses

...............................B23 @crebnow /crebnow crebnow.com

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