Affordability Eye-opener

City report shows lagging need for more affordable housing options

It’s no secret that affordable housing is hard to come by in Calgary.

Plenty of studies, including several by the municipal government, have pointed to this problem in the past. Yet none have been able to provide a comprehensive picture – until now.

Earlier this month, the City of Calgary released an unprecedented report called Housing in Calgary: An Inventory of Housing Supply, 2015/2016.

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Faster, Stronger, Higher… Prices?

As Calgary considers a bid for the 2026 Olympics, it will likely find no stronger booster than the city’s real estate industry

The prospect of hosting another Olympics is undoubtedly creating a lot of a buzz in Calgary and the city has no bigger booster of the cause than its real estate industry.

The City officially announced last month that an exploratory committee (www.shouldcalgarybid.com) is investigating whether Calgary should bid to host the 2026 Winter Olympic and Paralympic Games.

While there’s no guarantee the City will actually go through with it, hosting the Winter Games for a second time could be a boon for Calgary’s real estate market.

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The Grumble Over Gravel

Rocky View’s proposed gravel pit policy has local homeowners crying foul

Gravel hardly seems like a subject to stir controversy, but a proposed policy plan for gravel pits in Rocky View County has done just that.

Since the draft of Rocky View County’s Aggregate Resource Plan was announced last year, it has raised the ire of residents in areas close to existing and possible future gravel operations.

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Tearing down trade walls

Homebuilders hope recommendations to lower duties will lead to lower cost for industry, consumers

Recent recommendations by a federal trade tribunal have the homebuilding industry hopeful that high duties on U.S. drywall imports will soon come to an end.

The Canadian International Trade Tribunal issued its Statement of Reasons Jan. 19 outlining why it found drywall duties on U.S. imports are negatively impacting Western Canada’s housing industry. Yet it also found U.S. manufacturers were indeed dumping drywall into the Canadian market, an unfair advantage over domestic manufacturers.

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Bottoms up

After a tough year for the ‘other half’ of Calgary’s real estate market, the city’s apartment/attached segments are expected to see gradual turnaround in 2017

Lower prices and added choices created buyers’ conditions in Calgary’s attached and apartment sectors in 2016. But a slow recovery is expected in 2017, bringing both sectors into better balance, says CREB®’s 2017 Economic Outlook & Regional Housing Market Forecast.

The degree to which they’ll the “other half” will get there will differ, however. While the attached sector is set to post positive overall numbers, apartment sales and prices will be moderated by persistently high inventory levels.

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