Large sup­ply of homes makes it a great time to buy

Elec­tri­fy­ing new bar­be­cue per­fect for your bal­cony

Calgary Sun - Homes - - Homes - Myke Thomas CALGARYSUN Myke Thomas CALGARYSUN

The firmly en­trenched re­ces­sion, prompt­ing a lack of new jobs cou­pled with ris­ing home­own­er­ship costs, from the stress test to ris­ing in­ter­est rates, con­tin­ues to bat­ter Cal­gary’s re­sale hous­ing mar­ket, ac­cord­ing to the Cal­gary Real Es­tate Board’s (CREB) Oc­to­ber statis­tics re­port.

“Job growth in this city re­mains a con­cern, as un­em­ploy­ment lev­els re­main well above lev­els ex­pected for this year. Ris­ing costs of own­er­ship also con­tinue to weigh on hous­ing de­mand,” said CREB chief econ­o­mist Ann-Marie Lurie. “At the same time, hous­ing sup­ply lev­els are not ad­just­ing fast enough to cur­rent con­di­tions, re­sult­ing in price ad­just­ments.”

The in­ven­tory of homes of all types listed on the MLS sys­tem in Oc­to­ber reached 7,345 homes, tak­ing the months of sup­ply to 5.6, well above typ­i­cal lev­els for the month of Oc­to­ber.

The ad­just­ments saw the city-wide bench­mark price (a com­bi­na­tion of all hous­ing types) fall to $426,300, the fifth con­sec­u­tive month of de­clines and a year-over-year de­cline of 2.9 per­cent. Year to date, the com­bined bench­mark price is down 1.16 per­cent, with sim­i­lar de­clines in each seg­ment.

The sin­gle-fam­ily bench­mark price was $499,410, a year-to-date de­cline of 1.05 per­cent, with the largest de­clines in the North­east, North­west, South and South­east dis­tricts, likely a re­sult of added com­pe­ti­tion from the new home sec­tor, says CREB.

In the apart­ment seg­ment, the bench­mark price was $257,540, down 2.77 per­cent, year to date. All dis­tricts of Cal­gary saw de­clines, with the steep­est ones in the North­east, East and South dis­tricts.

The at­tached bench­mark price was $329,190 year to date, a 1.08 per­cent de­cline. How­ever, city­wide prices re­main rel­a­tively flat com­pared to last year, due to gains in the City Cen­tre, North­east and East dis­tricts off­set­ting de­clines in the North­west, South and South­east.

Iron­i­cally, the large sup­ply and weak­en­ing prices make it the ideal time to buy a home in Cal­gary.

“With th­ese types of mar­ket con­di­tions, many po­ten­tial buy­ers should be able to find the home that they are look­ing for with well-priced list­ings ap­pear­ing in cer­tain price ranges,” said CREB pres­i­dent Tom West­cott. “Sellers need to man­age ex­pec­ta­tions and have ac­cu­rate data in or­der to be aware of what is sell­ing in their com­mu­nity.”

In many high-rise and con­do­minium com­plexes, gas and char­coal grills are strictly pro­hib­ited due to the fire haz­ard pre­sented to all unit s in t he devel­op­ment.

It’s a sit­u­a­tion that can cause BBQ Depri­val Syn­drome, but can be cured with an elec­tric bar­be­cue, says Stephen Schroeder, co-CEO of Napoleon Grills.

“You may not be able to fire up an open flame, but ur­ban liv­ing doesn’t have to mean giv­ing up the i ncred­i­ble smoky flavours that come from a bar­be­cued din­ner,” says Schroeter. “Mod­ern elec­tric grills have the same look and func­tion­al­ity as a gas or propane bar­be­cue, mak­ing them ideal for bal­cony cook­outs.”

Napoleon’s Trav­elQ made a name for it­self for tail­gat­ing at the game and camp­ing in the moun­tains as a pow­er­ful, but com­pact and portable grill that meets all grilling needs.

It is bring­ing those same fea­tures to the all-new elec­tric model, the Trav­elQ PRO285E.

“A 1,500-watt burner ele­ment heats up 280 square inches of cook­ing space with Napoleon’s sig­na­ture Wave cook­ing grids set in porce­lainized cast iron,” says Schroeter. “The easy-to-set heat con­trol al­lows for pre­ci­sion cook­ing with a high-top cast alu­minum lid for max­i­mum heat re­ten­tion and the abil­ity to cook larger cuts of meat like whole chick­ens or roasts.”

The Trav­elQ Elec­tric also fea­tures side han­dles for easy car­ry­ing, su­pe­rior wind­proof de­sign to hold in the heat, ul­tra-com­pact de­sign that is easy to set up and use, a solid cast alu­minum base, stain­less steel hard­ware and is backed by Napoleon’s 10-Year Lim­ited War­ranty.

“The in­no­va­tive de­sign and stan­dard Napoleon qual­ity make the Trav­elQ ideal for apart­ment or condo liv­ing,” says Schroeter. “No mat­ter what’s on the menu, it will help bring that tra­di­tional bar­be­cue flavour to your meal.”

Many po­ten­tial buy­ers should be able to find the home that they are look­ing for with well-priced list­ings ap­pear­ing in cer­tain price ranges.” Tom West­cott,

CREB pres­i­dent

PHO­TOS SUPPLIEDBY NAPOLEON GRILLS

The Trav­elQ PRO285E is a new com­pact elec­tric model from Napoleon Grills, ideal for condo or apart­ment liv­ing.

POSTMEDIAFILEPHOTO

In­ven­tory of all types of homes reached 7,345 on the MLS mar­ket in Cal­gary, tak­ing the months of sup­ply to 5.6, well above typ­i­cal lev­els for Oc­to­ber.

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