Latest News

March 11, 2015

Young adults, known as gen Y (also called millennials or echo boomers – those who are 20-30 years old now) are hard to predict. And yet, they are the most-studied generation of all time. About to make an impact on the housing market, builders worldwide are trying to anticipate their needs. Starting in 2016, gen Y will be the largest age group looking to buy homes.

A little digging online tells us they like to live downtown; they like to live in the suburbs. They can’t afford housing; they are investing in housing at a younger age than previous generations. They want nice countertops; they don’t want material goods. They want to walk to work; they are used to long commutes by car.

The longer you look at them, the more diverse they become – and their housing choices are reflecting that.

In this article from the Calgary Herald, Barb Livingstone profiles a very young couple that chose a condo in Auburn Bay as their first home. Their reasons for choosing that new development are compelling.

 

Read the full article.

 

March 09, 2015

Congratulations to CHBA-ER’s National SAM Award winners:

  • Green Home Award - Landmark Group of Builders, Edmonton, AB
  • Single Detached Home Under 1,500 Square Feet - Pacesetter Homes, Edmonton, AB: “Maverick - New Castle”
  • Print Ad- Sterling Homes (Edmonton) Ltd., Edmonton, AB: “All Dressed Up” Creative, concept and production: Leyteblair

 

Click HERE for a full listing of CHBA National SAM Award winners. 

 

March 09, 2015

“The trend in housing starts moved higher in February largely due to a stronger pace of production in the multi-family sector. For the second consecutive month, higher apartment starts led the way for multi-family construction,” said Christina Butchart, CMHC’s Senior Market Analyst for Edmonton. Read it HERE. 

March 03, 2015

Dave Dhingra in Milton, Ont. asks, “Where is the best place in Canada to invest in real estate?”  Real Estate editor D’Arcy McGovern says that’s a tough question to answer, mainly because it really depends, ” as do all investing decisions – on how comfortable you are with risk.” McGovern explains:

Personally, I don’t look at homes as investments – but as shelter influenced by lifestyle choice. A more sophisticated investor has other considerations. It’s a complicated calculus of risk and reward, so I called  Don Campbell, the senior analyst for the Real Estate Investment Network and quite possibly the best-known real estate investor in the country. He has a lot to say on the matter.  “The answer is a complex mix of economics, geographic location of the investor, management style of the investor,, as well as the stated goal of the investor,” he says.

“Is the priority cash-flow income replacement or capital gains? And what is the investor’s timeline for investing?” Campbell says that, if you are managing your investments on your own, it is important to make sure it is within a maximum two hour drive from home. “If you want a combination of cash flow and capital gains, the Tech triangle of Ontario will be a strong performer.  If you are okay with higher volatility, but with higher than average cash flow and a very good chance at very strong capital gains over the next 10 years, Edmonton will be the place.”

Follow McGovern on Twitter, read our Real Estate section and check out our newdedicated Alberta coverage.

Click HERE to access the Globe and Mail article.

 

March 02, 2015

The regulations that clear the way for the implementation of the Alberta Building Code 2014, the National Energy Code for Buildings 2011, the Part 9 changes for energy efficiency and the Fire Code 2014 were passed by the Provincial Cabinet this week. Alberta adopted the national version of the Energy Code without change. 

February 26, 2015

A CHBA-ER media release.

February 25, 2015

Click HERE to access CHMC's Edmonton 2015 February Starts Press Release.

February 06, 2015

PRAIRIE HOUSING STARTS TO DECREASE IN 2015 AND 2016

Calgary, February 6, 2015 – According to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2015 Housing Market Outlook, Prairies Highlights, report released today, housing starts in the Prairie region are projected to decrease from 55,067 in 2014 to 49,600 in 2015 and 48,000 in 2016.