In the recent weeks and late in 2013 a number of announcements have been made by the Province of Alberta regarding the development of new schools and modernization or update or others.


The full list updated by the Province with future announcements can be found here: New School Capital Projects

I have just copied the announcements as of today's date. The volume of listings illustrates the major need for new school space. I spoke with another family just this weekend that is potentially delaying plans to move due to lack of school space in their preferred neighbourhood.  As the capacity issues are just coming to light in some areas this is a shock to many folks. School lotteries in capacity schools were held mid February.

 

These are the announcements for Calgary so far. I didn't include the Modular Classroom Allocations or Modernizations as there are too many.

 

Under 2013 Spring Projects Underway:

Calgary, Auburn Bay
School District: Calgary Roman Catholic Separate School District
Project: New Kindergarten-to-Grade 9 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 900/900 students
Anticipated Completion: 2016
 
Calgary, Copperfield
School District: Calgary School District
Project: New Kindergarten-to-Grade 4 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 600/600 students
Anticipated Completion: 2016
 
Calgary, Evanston
School District: Calgary Roman Catholic Separate School District
Project: New Kindergarten-to-Grade 9 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 750/900 students
Anticipated Completion: 2016
 
Calgary, Evanston
School District: Calgary School District
Project: New Kindergarten-to-Grade 4 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 600/600 students
Anticipated Completion: 2016
 
Calgary, Martindale
School District: Southern Francophone Education Region No. 4
Project: Kindergarten-to-Grade 6 Replacement for Ecole La Mosaique starter school
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 300/350 students
Anticipated Completion: 2016
 
Calgary, New Brighton
School District: Calgary School District
Project: New Kindergarten-to- Grade 4 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 600/600 students
Anticipated Completion: 2016
 
Calgary, Northeast
School District: Calgary School District
Project: New Grade 10-12 High School
Delivery Method: Design-Build
Opening/Final Capacity: 1500 students
Anticipated Completion: 2016
 
Calgary, Royal Oak/Rocky Ridge
School District: Calgary School District
Project: New Grade 5-9 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 900/900 students
Anticipated Completion: 2016
 
Calgary, Saddle Ridge
School District: Calgary School District
Project: New Grade 5-9 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 900/900 students
Anticipated Completion: 2016
 
Cochrane
School District: Rocky View School Division
Project: New Kindergarten-to-Grade 8 School
Delivery Method: Public-Private Partnership
Opening/Final Capacity: 800/900 students
Anticipated Completion: 2016

Under 2013 Winter Projects Underway: (No date yet.)

 

Calgary, Aspen Woods
School District: Calgary Roman Catholic Separate School District
Project: New K-6 Elementary School - Aspen Woods
Opening/Final Capacity: 750/750
 
2014 New School Projects Underway: (These don't have any dates yet.)
 
Calgary, Auburn Bay
School District: Calgary School District
Project Type: New K-4 Elementary School
Opening/Final Capacity: 600/600
 
Calgary, Cranston
School District: Calgary Roman Catholic Separate School District
Project Type: New K-6 Elementary School
Opening/Final Capacity: 600/600
 
Calgary, Evergreen
School District: Calgary School District
Project Type: New 5-9 Middle School
Opening/Final Capacity: 900/900
 
Calgary, McKenzie Towne
School District: Calgary School District
Project Type: New 5-9 Middle School
Opening/Final Capacity: 900/900
 
Calgary, New Brighton - Copperfield
School District: Calgary Roman Catholic Separate School District
Project Type: New K-6 Elementary School
Opening/Final Capacity: 600/600
 
Calgary, New Brighton - Copperfield
School District: Calgary School District
Project Type: New 5-9 Middle School
Opening/Final Capacity: 900/900
 
Calgary, North Calgary
School District: The Southern Francophone Education Region
Project Type: New K-6 Francophone School
Opening/Final Capacity: 400/400
 
Calgary, Panorama Hills
School District: Calgary School District
Project Type: New K-6 Elementary School
Opening/Final Capacity: 600/600
 
Calgary, Southeast
School District: Calgary Roman Catholic Separate School District
Project Type: New 10-12 High School
Opening/Final Capacity: 1500/1500
 
Calgary, Tuscany
School District: Calgary School District
Project Type: New K-4 Elementary School
Opening/Final Capacity: 600/600
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Enjoy the unobstructed views of the valley and mountains from every level of this beautiful home including the fully finished walkout basement and south facing backyard. 63 Sunset Point backs directly on to the ridge, pond and park area in Sunset Ridge, Cochrane. Upgrades include hand scraped solid hardwood floors throughout the main level, stone faced fireplace, granite counters with raised island bar, granite sinks, stainless appliances, gas range, wired sound system, custom built-ins and more. The main floor open concept design with ample windows allows light to fill the space from all angles and allows for an office and separate laundry room and powder room. Upstairs is a large bonus room as well as 3 bedrooms and 2 baths including master bedroom with 5 piece ensuite. The walk out basement offers a 4th bedroom, full bath and large open rec room. Step out into the fully landscaped backyard with concrete patio and plantings designed to enhance view and privacy. View the video for additional photos.

 

View all property details for 63 Sunset Point.

 

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The number of listings on market continue to remain low. Are folks all waiting for the deep freeze to end or betting that prices will continue their climb? 

 

I'll be watching the listing numbers once the weather breaks.

 

The number of sales of condos and townhouses especially are up. CREB - "After the first two months of the year, both condominium apartment and townhouse sales increased by 28 per cent compared to last year." With such sales increases it won't be long before this segment also begins to surpass 2007 pricing as single family homes did last year.

 

With prices continuing the move, it isn't a surprise that more people are moving to condos and townhomes just due to affordability and availabilitiy since the rental market continues to be very very tight. With many older homes on inner city lots being purchased by developers rather than homeowners, the trend to tear down and build new also impacts available inventory.

 

As the market turns towards spring (and warmer weather I hope), there will also be a change to the rates for mortgages with less than 20% down. CMHC has increased the rates for mortgage insurance as of May 1, 2014.

 

One very bright note for the NW areas of the city, there has been a very recent announcement that work will soon begin on the sewer system upgrade and it will be completed earlier than expected. Bowness Sanity Trunk Upgrade.

 

Especially in this market many folks begin to ask whether they should buy first or list first when moving between homes and the decision on either side has its risks and rewards.

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Unless you are a first time buyer, one of the big decision points when purchasing a new home is whether to buy first or list first.

 

In a strong market such as we have today, sellers won't often consider an offer 'subject to the sale of a buyers' home' so purchasers are left with a big decision before signing an offer and I've noticed a few folks deciding to just wait a bit because they find the decision somewhat daunting.

 

There are risks and rewards from both approaches, but finances ultimately dictate. With banks changing lending rules and putting limits on refinancing, the option to buy first sometimes isn't there. Have a conversation with a very good mortgage broker or your personal mortgage rep to ensure your numbers are clearly outlined as well as the purchase process, down payment options to avoid unneeded mortgage insurance costs and other details.

 

If you buy first, the risk is that you will be holding two properties without knowing your exact sale price or sale date. The benefit is that you can wait to find the right new property without being rushed to purchase just what is available during a given window of time. If you are looking for a unique property or one with specific characteristics such as view, walkout basement, specific area or homestyle or else a condo in a specific building, it is often these types of homes that are purchased prior to selling.

 

If you sell first, the risk is that you will not yet find a new home and need to find temporary housing between possession dates. You will have certainty that your home has sold, have a firm sale price and have full understanding of your budget and dates.

 

If you are deciding a plan forward then take the time to ensure you have the market data you need and that you know there are options out there when looking for a new home. Being prepared makes it much less daunting and much more exciting.

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