The Calgary Real Estate Board, CREB, released the 2017 market outlook and forecast report recently. The themes speak to a transition to a stable local real estate market in 2017. While detached and attached homes are ahead of the curve on this over apartments, the overall market balance is now taking us away from the challenging conditions in the previous two years. The apartment sector continues to lag in part due to new construction supply.

 
With that, our market is very much dependent on many factors including the stability of the energy sector, the overall labour market and public government policy regarding mortgages and lending.
 
As I have completed property evaluations for numerous clients over recent weeks the one biggest takeaway remains that the trends are quite different across the city. You can't just look at an overall city benchmark and take that to determine a home price.  
 
With the holiday season now behind us we look forward to 2017 and the upcoming late winter/spring market. With change comes opportunity.  Lets chat about yours. 
 
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Yesterday Ward 6 Councillor, Richard Pootmans, posted a very important update regarding initial work for the SW Ring Road.

 

Part of this work is a gravel pit and haul road to be constructed and initiated in the TUC between 101 St SW and the community of West Springs and down to access to Hwy 8.

 

From the announcement:
With a goal of acquiring valuable construction materials for the SWCRR, Alberta Transportation announced in December that they and their partners, KGL, will begin a gravel mining operation including a haul road early this year. This will take place west of the community of West Springs in the Transportation Utility Corridor, essentially between Old Banff Coach Road and Bow Trail, in the future location of the WCRR.

 

Resources:


SW Ring Road Main Website

Gravel Pit and Haul Road - larger version of map and details are posted here

The City of Calgary existing City projects to accompany the Ring Road

 

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