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October 2015 | Issue 118

Season of change

Driving up north on the QE II the other day, I noticed how quickly the leaves are changing, and the chilly melancholy of fall seems to settle over the land. Halloween is fast approaching, in case you didn’t notice the merchandising hanging in the big box stores yet. But it seems Calgarians have more scary things on their minds than what costume to wear.

With the continued slowing of the economy due to the plummeting oil prices, it’s natural to be worried about what the future holds. But as far as the local housing market goes, the Canada Mortgage and Housing Corp. (CMHC) says things may not be as bad as they seem.

According to a CMHC report published in August, Calgary’s housing market is not under threat of a correction despite a downturn in the local economy. And that in fact, Calgary is a “low risk” for a housing correction. Housing starts may paint a different picture, but the slump is an expected consequence of the weaker economy, and besides last year’s soaring starts is a tall order to match.

But the CMHC sees Calgary’s acceleration in housing prices and overbuilding were considered stable, while the threat of overheating had decreased, and the risk of overvaluation is moderate. It does offer caution that some unforeseen economic event that causes the fundamentals to change dramatically could affect the assessment.

Under these conditions, it may be harder to sell your old home. That’s why we have Andrea Cox talking to a couple of home staging professionals in her home staging feature that offers some tips on design tricks that can help you bring out the home’s full potentials to buyers. And, as usual we have features from David Crosson on styling your garage, and Kathy McCormick on choosing your flooring that can help homeowners bring out the best in their home.

Innovations by Jayman, our cover feature, never had any trouble giving their customers some of the best designed homes in the market, and their domination of the Cochrane market — along with the rest of the JaymanBUILT group — is a terrific indicator of the awesome skill and quality. Speaking of which, Vesta Properties has exhibited the same all-encompassing values that have turned their Williamstown development in Airdrie into such a huge hit, and only a few single-family homes and their Gateway townhomes are the final opportunities to own a new home here. As far as hits are concerned, you don’t want to miss this year’s Hospital Home Lottery grand prize home by Calbridge Homes in Mahogany Island, check out the feature inside to learn more — better yet make the drive down there just to experience its full grandeur.

It’s another jam-packed issue with more news and how-to articles that we know our readers love. You know you can count on us for more. Thanks for reading!

In This Issue

Reminiscing in Riversong

Reminiscing in Riversong

It seems such a short time ago that Innovations by Jayman was just starting to…

Read more about Reminiscing in Riversong

High style, smart living

High style, smart living

The laughter of children is the welcome music of the neighbourhood in Artesia at Heritage…

Read more about High style, smart living

Illuminasia

Illuminasia

Families in Calgary can celebrate the Mid-Autumn Festival in a very special way this year…

Read more about Illuminasia

Island life

Island life

Calbridge Homes has made it a point to create some of the most unique, and…

Read more about Island life

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Condo Living Insider

Grand Openings, Magazine Previews & More...



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