A transition in the making

Detached sales activity boosts February housing market

Feb. 2017 City of Calgary, March 1, 2017 – After the first two months of the year, Calgary’s detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures. “There seems to be a new sense of optimism these days,” said CREB® president David P. Brown. “Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the spring market with caution and wondering if we’re going to see a higher than expected surge of listings. While there’s less product on the market right now, sellers still need to be realistic with their pricing.” The amount of excess inventory eased in the overall market in February, setting the stage for a transition to a more stable market this year. Months of supply totaled 3.4 months, down from five months over last February. At the same time, the sales-to-new-listings ratio trended from a near record February low of 39 per cent last year to 55 per cent this February. With sales improving and new listings and inventories contracting—two key measures of market balance, there’s good evidence to show that the housing market has started a trend toward more balanced conditions. “The transition in the housing market appears to be underway,” said CREB® chief economist Ann-Marie Lure. “However, it is important to note that this change is primarily being driven by improvements in the detached market and stability in the labour market.” “It will take some time for these conditions to translate into all housing segments and achieve price recovery,” said Lurie. “But all indicators continue to point toward a slow transition from a contracting market toward one that is stabilizing at lower levels.”


Please feel free to contact me with any questions.  For the complete report:  CREB

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Southwest Calgary Ring Road

The Southwest Calgary Ring Road (SWCRR) project involves construction between Highway 8 (near the Elbow Springs Golf Club), and Macleod Trail SE, including reconstruction of Glenmore Trail from Sarcee Trail to east of 37 Street. This portion of the ring road is approximately 21 kilometres long. An additional 10 kilometres of connector road upgrades will be included in the overall SWCRR project.

P3 Agreement Documents


Quick facts

The project includes

  • one roadway flyover,
  • one railway crossing (flyover)
  • 31 km of six and eight lane divided highway,
  • 49 bridges, including bridges over the Elbow River and Fish Creek
  • 14 interchanges

The federal government has implemented the agreement between the Tsuut’ina Nation and Alberta, as laid out in the land transfer agreement of November 27, 2013. Provincial Crown lands have been added to the Tsuut’ina Nation reserve and 1058 acres of former reserve land have been transferred to Alberta.

Calgary Ring Road Frequently Asked Questions

 

 

 

69th Street SW to Highway 2A

Take a virtual tour of the SW-CRR

Southwest Calgary Ring Road background

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West Calgary Ring Road

The west segment of the Calgary Ring Road (CRR) will run south along the west side of the city from Highway 1 (16 Avenue NW) to west of 69 Street SW on Glenmore Trail/Highway 8. The West Calgary Ring Road (W-CRR) is approximately 9 kilometres long. It will be located primarily on the existing Transportation Utility Corridor (TUC) already owned by the provincial government, with some additional small parcels of land being purchased.

An additional 5 kilometres of connector road upgrades will be included in the overall CRR project.

Calgary Ring Road Frequently Asked Questions

Highway 1 to 69th Street SW

Take a virtual tour of the W-CRR 
Click the links below to see the interchanges.

Timing and delivery method for the construction of the West Calgary Ring Road is under review.

 

 

 

 

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I recently received these great tips from Pillar to Post:


The days are getting noticeably shorter, and maybe there’s a nip in the air – fall is definitely on its way. Now is the perfect time to get your home in shape before winter rolls in, while the weather is still pleasant enough for spending time outdoors.


Seal it up: Caulk and seal around exterior door and window frames. Look for gaps where pipes or wiring enter the home and caulk those as well. Not only does heat escape from these openings, but water can enter and may eventually cause structural damage and mold problems.


Look up: Check the roof for missing or damaged shingles. Winter weather can cause serious damage to a vulnerable roof, leading to a greater chance of further damage inside the home. Although you should always have a qualified professional inspect and repair the roof, you can do a preliminary survey from the ground using binoculars.


Clear it out: Clear gutters and eaves troughs of leaves, sticks, and other debris. Consider installing leaf guards if your gutters can accommodate them – they are real time savers and can prevent damage from clogged gutters. Check the joints between sections of gutter, as well as between the gutter and downspouts, and make any necessary adjustments or repairs.


No hose: In climates with freezing weather, drain garden hoses and store them indoors to protect them from the elements. Shut off outdoor faucets and make sure exterior pipes are drained of water. Faucets and pipes can easily freeze and burst, causing leaks and potentially serious water damage.


Warm up time: Have the furnace inspected to ensure it’s safe and in good working order. Most utility companies will provide no-cost inspections, but there can often be a long waiting list come fall and winter. Replace disposable furnace air filters or clean the permanent type according to the manufacturer’s instructions. Using a clean filter will help the furnace run more efficiently,
saving you money and energy.


Light that fire: If you enjoy the crackle of a wood-burning fireplace on a chilly fall evening, have the firebox and chimney professionally cleaned before using it this season. Creosote, a byproduct of wood burning, can build up to dangerous levels and cause a serious chimney fire if not removed.

 

A little preventative maintenance now will pay off in the long run when it comes time to sell you home.

 

Happy Fall!

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Exterior Home Appeal – Make a Great First Impression

 

As a Home Seller you must take into consideration first impression. The first thing a prospective home buyer will see is your driveway, the front of your home and your front yard! Below are a few tips to help you make a great first impression!

Clean Up.
Remove any trash, loose leaves, trash cans, etc. away from the front of the house. Store unneeded things in an undisclosed place. Straightening up will give your front yard an automatic face lift.

Trim and Cut.
Make sure to mow the lawn, and trim plants and flowers in a nice neat fashion. If you have empty soil, spend a couple of dollars and place a potted plant in the needed area.

Sweep and Water.
Nothing gives a your front yard a face lift like a good old fashioned broom and a garden hose! Spray your driveway or walkway down. Find a rake, and broom and groom your lawn and driveway. Make sure your cement areas are spick and span.

Get off the fence!
If you have soil areas that lie flush with the cement, try an inexpensive wire fence. This will appear neat and tidy, and allow the prospective home buyer to imagine the garden they can grow.

Front Porch Fabulous.
Dress up your front porch : invest in a brand new welcome mat, by some small plants or flowers that line the walkway to your door.

Front Door Fabulous.
Make sure you clean and scrub your front door, and surrounding areas. Using soap and water, make sure there are no cobwebs, dirt or grime in corners.

Sparkling Windows.
Start with soap and water, and finish off any front windows with glass cleaner. You want your front windows sparkling!

Handle It.
Out with the shabby, in with your home being sold! Don't be afraid to invest a couple extra bucks in a new door handle or door knocker.

Flag It.
Many home stores inexpensively sell seasonal flags, that add an extra touch to a front yard. Entice your prospective home buyer with imagination.

Accentuate your Selling Points. 
Every home may have a different characteristic that makes it home beautiful. A great window, an attractive lawn, etc. Whatever you special characteristic is, make sure to show it off to your prospective home buyers!

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.