NEW YEAR, NEW HOME

A three-part series on how to refresh your home in 2015

A10

CREB

®

CHANGES STATISTICS

New alterations will add consistency to housing stock numbers

INDUSTRY A3

KEVIN O?LEARY

Investor talks money, oil and Hendrix

POP THE QUESTION A8

Brand new! Ready to move in!

403-863-(SOLD)7653 www.DarrrenCameron.ca ROYAL LEPAGE FOOTHILLS See the latest Quick Possession Brand New Homes by Darren Cameron on Page 3

real estate news from industry experts

FREE jan 23 to jan 29 2015 issue 05-02 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 Calgary 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.

SINGLE FAMILYMLS

®

1859 2075 2048 2727 2977 3311 3199 2917 2791 2789 2705 2171

DEC12 JAN13 FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14 JUL14 AUG14 SEP14 OCT14 NOV14 DEC14

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

1515 1671

MONTH END INVENTORY*

DEC ?12 ? DEC ?14

1894 2052 2445 2919 3128 3056 3021 2961 2780 2373 1985

BUILDER COMMITS 10 PER CENT OF HOMES TO ATTAINABLE HOMES CALGARY

CREB® STAFF

Attainable

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 RENDERING COURTESY CMLC

CONTENTS

NEWS BRIEFS

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COMMERCIAL

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 Outlook still positive

ECONOMY

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EVENT LISTING

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WEEKLY FEED

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MORTGAGE RATES

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MAP

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OPEN HOUSES

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B23

@crebnow /crebnow crebnow.com

1.49 Acres Future Zoning High Density Residential - $1,400,000 Call Doug McKay (403)975-1776 www.RealEstateAdvocates.ca dougmckay@shaw.ca

Real Estate Advocates 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 Chestermere is Alberta?s newest city with a population of over 17,000. There are virtually no rental apartments, no senior?s housing.

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