SETTING THE STAGE

Tips and tricks for making your house inviting for potential buyers, or transforming it into the home of your dreams. A6

Downsizing Feature

SOLVING SCALE

Plant pests proven as pesky

DONNA BALZER A12

A8 ? A9

real estate news from industry experts

FREE mar 20 to mar 26 2015 issue 05-10 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

A PATH FOR GROWTH

Calgary takes steps to addressing housing and infrastructure challenges

KELSEY HIPKIN reporter/photographer A new development in the northwest community of Varsity will provide affordable housing for Calgarians looking for a home of their own. Attainable Homes Calgary Corp. (AHCC) and Lexington Development Management have joined forces to create the 26-unit project, made up of both attainable and marketpriced units on the corner of Shaganappi Trail and Varsity Drive N.W. ?It?s a great spot. It?s near the university. It?s near shopping centres. It?s a great location,? said Ward 1 Coun. Ward Sutherland. ?It?s very rare that we actually get to have these types of land even available, so the community?s been very supportive. They voted on it, they support the project and so do I.? AHCC is a non-profit group wholly owned by the City of Calgary that provides entry-level homes for residents caught in the affordability gap through below market prices and $2,000 down payments. Once people decide to sell their attainable home, a portion of the appreciation is shared with AHCC to be reinvested in the program. ?When [attainable home owners] move out of their current situation, that frees up a rental for someone else as well. And when someone moves into that market rental, that frees up subsidized rental for someone else,? said AHCC chairman David Laycock. ?When that subsidized rental gets freed up, guess what? Someone who is in emergency housing will be able to then move into subsidized housing. So all we?re trying to do is provide a little bit of a gateway where there?s a bit of a log jam for deficiency in the market to be able to help move things along.? The necessity for attainable and affordable housing for Calgarians highlights some of the strain caused by the city?s steady growth. While expected to slow this year, in-migration numbers hit record highs in Calgary in both 2013 and 2014. As a result, the city?s vacancy rate hovered around one per cent for most of the year before improving slightly to 1.4 per cent ? both among the country?s lowest in 2014.

CITY OF CALGARYMLS

® 1706 2106 2374

VERY RARE THAT WE ACTUALLY GET TO HAVE THESE TYPES OF LAND

??IT?S

EVEN AVAILABLE, SO THE COMMUNITY?S BEEN VERY SUPPORTIVE. THEY VOTED ON IT, THEY SUPPORT THE PROJECT AND SO DO I.?

2535 2305 2265 2190 WARD SUTHERLAND WARD 1 COUNCILLOR 1918 1948 1724

FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14 JUL14 AUG14 SEP14 OCT14 NOV14 DEC14 JAN15 FEB15

*All statistics based on monthly data compiled by CREB ® via MLS ® activity. Includes detached, attached and apartment. 1172 1439 HOUSING A3 AHCC Chairman David Laycock, Sean Farnum of Farnum Construction Management, Ward 1 Coun. Ward Sutherland and Kevin Nyhoff of Nyhoff Architecture at the groundbreaking of a Varsity community development. 1850 2481 2539 2945 2664 TOTAL SALES* FEB ?13 ? FEB ?15 2328 2263 2146 2145 1779 1082 880 1217

NATIONAL HOME SALES EDGE UP IN JANUARY

CREB® STAFF

National

home sales activity edged up slightly month-over-month in February 2015, according to the Canadian Real Estate Association (CREA). The jump was led by Greater Vancouver, the Okanagan region and Greater Toronto where gains offset declines elsewhere, as more than half of all local markets having posted weaker sales in February compared to January. MARKET A3 KELSEY HIPKIN, Reporter/Photographer

CONTENTS

NEWS BRIEFS

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FIVE THINGS

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EVENT LISTING

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WEEKLY FEED

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MORTGAGE RATES

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A10

INDUSTRY

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A11

Accessibility for All

COMMERCIAL

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A12

POP THE QUESTION

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A13

Jeff James

MAP

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OPEN HOUSES

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B19

@crebnow /crebnow crebnow.com POPULAR MIDNAPORE LAKE COOPERS CROSSING IN AIRDRIE COPPERFIELD GEM Quiet Crescent Well-kept family home across from the park, steps to schools and Lake entry. $409,900. MLS ® C3655848 Unbeatable Value Gorgeous home, beautifully upgraded! Fully developed. South corner lot. $474,800. MLS ® C4001529 Perfect Starter Home Immaculate, original-owner home with great floorplan & walkout basement! Quiet street & sunny west yard. $379,900. MLS ® C3654238 info@thehomehunters.com www.thehomehunters.com sutton group canwest Call

Steve, Grant

or

Randy

if you are considering buying or selling a home, or if you have any questions about the current real estate market!

403-460-2211

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