The worst is over

Economic growth forecasts paint cautiously optimistic picture for Calgary housing market

Calgary’s housing market lives and breathes based on the whims of the city’s overall economy.

While the city had an impressive gain of 6.9 per cent in economic growth in 2017 compared to 2016, according to the Conference Board of Canada, the economic engine will slow down this year and in 2019.

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Clearing the air

CREA voices concerns about home cannabis cultivation

As Bill C-45 continues its journey through the different levels of Parliament, the Canadian Real Estate Association (CREA) presented some feedback on how the legalization of cannabis would affect homeowners.
“We’ve heard from homeowners and tenants across the country who are worried about living beside grow-ops,” said CREA president Barb Sukkau.

“What does this do to their home value? Will this increase their rent? How safe will their kids be? Will their quality of life diminish because of the prevalence of drugs in their neighbourhood? These are all concerns that need to be considered before the passing of Bill C-45.”

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A bumpy road to recovery

Calgary housing market prices hold, but sales fall

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1,094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.

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Knowing the facts

Smarter Growth Initiative aims to educate public about homebuilding and development industry

Guy Huntingford knows the value of providing people with useful and interesting information.

After all, the CEO of BILD Calgary Region was once in the newspaper business, as a publisher at both the Calgary Herald and the Calgary Sun.

That background gave him the spark needed to put together the Smarter Growth Initiative, a BILD-affiliated entity whose tagline is “fostering conversation about urban development,” nearly four years ago.

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