Posts Tagged ‘St. albert real estate’


Some Strong Thoughts on The Competition Bureau Lawsuit Against CREA

Friday, August 20th, 2010

Buying a home is a lot different than buying an airline ticket. Yet if you have read the complaint by the competition bureau against the CANADIAN REAL ESTATE ASSOCIATION ( CREA), you would think it is that simple to buy or sell a home in Canada today, by just using the internet for support. Unfortunately, it is not that easy.

Accordind to the bureau, CREA and its member real estate boards effectively control the market in Canada , since 90 per cent of all residential home sales are completed using the MLS systems, and consumer thus have no real choice in paying commissions, which, according to the bureau , is usually 5 % of the sale price. It is further claimed that the rules passed by CREA regarding use of thede systems prevent anyone from offering different service models, thus eliminating choice for consumer. They would like every seller and buyer to have access to the MLS system , and be abble to and buy properties themselves, without the services of a real estate broker.

No statistics are introduced by the bureau to support any of these claims. The fact is that there are are other alternatives for Canadian consumers today, both within the MLS systems and outside it. There are many for sale by owner websites gaining market share across canada , offering a flat fee service to sell your home. These include Com Free in Western Canada, Grape Vine in ottawa , Duproprio.com in Quebec and many others who participate in the National FSBO network.

Even within MLS, there is no set commission and consumers can negotiate directly with their salesperson. There are many exemple across Canada where salespeople and brokerage companies charge less than 5% commission including flat fees. Now that CREA has introduced changes that permit sellers to post their listings onto MLS through a Realtor and not use a broker for any other service, we will see even more business models introduced by salespeople going forward , again offering more choice to consumers. In my opinion , there is real danger to consumers in trying to buy or sell their homes without the advice of a real estate professional . Sellers will not know HOW TO QUALIFY buyers who attempt to tour their home, will not understand how to properly price their home for sale and will not appreciate their obligations of disclosure of defects to unwary buyers. This will result in sellers not obtaining the maximum sale price for their homes and potentially involve them in unnecessary lawsuits from buyers.Buyers will not know if the seller has any authority to sell the home or whether the property is in fact in the process of being taken over by the bank. Deposits could thus be fraudulently misappropriated .

To try and understand the Bureau’s position , let’s say a company bought a 100 acre lot and started selling cars, each one inspected and by their certified technicians and advertise across Canada. The company was very succesfull. Buyers trusted them. Now a private car seller finds out that they cannot nearly the price or exposure by selling themselves. Should that person be able to go to government and demand that he be put on the succesfull seller’s car lot , with the private seller’s name in the windshield , selling is own uncertified car to the public ????

In a sense, this is what the bureau’s is asking regardling the MLS system, wich has been built, paid for and maintenaed by Realtors , to provide Canadian with the widest exposure , security and protection when buying or selling their home across Canada. When you buy an airline ticket on the internet , it cost you about 100$ if you change your mind. If you make a mistake in the largest purchase descision of your life, it may cost you tens of thousands , and unecessary legal headaches.

Now that there are new MLS rules in place, my advice to the bureau and CREA is to take some time to monitor developments over the next year, before rushing to trial, where only the lawyers win !

By Mark Weisleder ( Canadian Real Estate Magazine , august 2010 issue )

Here’s the link to the original publishing of this article: http://montrealbroker.wordpress.com/2010/08/17/competition-bureau-misguided-about-mls/

Why Did You Sell My House?

Friday, July 23rd, 2010

Hi John;

Not to sound ungrateful because we really are happy that you sold our house, but I have a business related question for you. How did you do it? We’ve had 2 other agents try to sell this place but you didn’t seem to have any difficulty when they couldn’t do it in 6 months of trying. What’s your secret?

- Name Witheld

Hello ______,

Thanks for the compliment, I think. *laugh*

Yes, you did have a bad run of it for a while there. I’m glad that my team and I were able to take care of the sale for you. Maybe that’s my secret, my team is awesome. They work better and harder than anyone I know. I’ve spent the last 10 years of my career trying to put together the “perfect team” and I think I’m darned closed.

But the results of this team are the reason your home sold. We have a more reliable system for staying in contact with buyers, so finding the buyer for your home was that much easier… we already had their email address!

We do things differently, more focused, and never take our eye off the reason why you hired us. To sell your home. Nobody on my team will be trying to sell you Amway, junk jewelry, or miracle cure makeup. We sell real estate, and that’s all we do. No side businesses.

But I am glad that we sold your house. You handled the process beautifully; you had every right to be a LOT more stressed out than you were. I know I would have been! But you kept your composure, so I think you have every reason to be proud of yourselves.

Thanks again for having me as your Realtor!

John Carle
ReMax Real Estate
www.knock-knock.ca
(780) 701-9090

Realtors Association of Edmonton – June Market Summary – Edmonton Housing Market marked by high inventory

Monday, July 12th, 2010

Edmonton, July 5, 2010: REALTORS® report normal client activity in the Edmonton real estate market with listings, showings and sales. The residential inventory is approaching record levels set in 2007 but prices held steady in the second quarter with the expectation that they will soften as usual through the fall and early winter.

“There was less external pressure on the market from incentives or rate changes last month and as a result the market seems to be operating in a normal controlled manner,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “It has been quiet on the news front but very busy in REALTORS® offices as they list client’s properties for sale, book showings for buyers and attend open houses. This has not resulted in immediate sales, however, and, in anticipation that this slowdown will continue through the year, we have reduced our 2010 sales forecast by 2,000 units from 21,000 to just 19,000.”

The slight rise in prices for single family residences in the Edmonton area in May continued in June. SFD prices are up to $391,497 – an increase of half a percent. In the first half of the year average prices are up over 7.5% and are tracking higher than 2009. Condominium prices peaked in April and then flattened out to match the prices reported in 2009. In June the average condo sold for $242,644 – down 2.4% month-over-month. Duplex and rowhouse prices of $306,905 were down 4.6% from last month. Overall, the average residential price was down $4,795 in a month. As usual prices are expected to soften in the second half of the year as sales activity slows. “With the increased choices that buyers have in the marketplace right now it is that much more imperative that sellers consult with their REALTOR® to make sure their property is priced to attract an offer,” said Westergard.

There were 9,406 residential properties in inventory at the end of June as a result of 3,473 new residential listings and sales of 1,539 properties. The sales-to-listing ratio was 44%. The average days-on-market was up at 47 days. The record inventory levels were set in September 2007 at 9,913 residential properties available through the Edmonton MLS® System.

“External influences pulled sales activity into the first four months of the year which reduced the demand in May and June. Overall there were 680 less residential sales in the first half of the year as compared to 2009,” said Westergard. “Consumers still seem interested in getting into the housing market or moving up but seem to be resting after a confusing period of uncertainty and change in the conditions that surround a property purchase.” He emphasised that despite seasonal changes the local market is stabilizing and operating in a normal manner. “The frenetic days of the past few years look to be behind us now and it appears that the more calm, cool and collected market that we are used to in Edmonton is on the horizon”.

There were 3,188 REALTORS® licensed in the Edmonton area at the end of June.

-30-

June 2010 activity Record for
the month*
% change from
June 2009
Total MLS® System sales this month 1741 -36.50%
Value of total MLS® System sales – month $591 million -35.80%
Value of total MLS® System sales – year $3.4 billion -2.60%
Residential¹ sales this month 1539 -37.10%
Residential average price $335,397 2.03%
SFD² average selling price – month $391,497 5.72%
SFD median³ selling price $359,000 2.57%
Condo average selling price $242,644 -2.05%

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact your local REALTOR®.

Help Buying Investment Real Estate for Self Employed

Wednesday, June 30th, 2010

This is a guest post by Julie Cooper of Tower Wealth Management…

Hi Everyone!

I hope you have had a busy spring market!

Today I met with one of my lenders who is opening up their Stated Income mortgages for Rental Properties again! The borrower must be either Business for Self or a fully commissioned earner.

Requirements to prove are:

BFS – one document proving Business for Self at least six months

Commissioned – letter from person who writes the commission cheque stating borrower is 100% commissioned – no income amount to be reported!

With both, no Notice of Assesments or other verification is needed!

This lender will do these stated income for rental property mortgages in Edmonton and immediate surrounding areas for those with average credit (contact me for full details) and 35% down. The investors this may appeal to are those with large amounts of equity in their principle homes or who already have some investment properties with good equity looking to purchase more investment properties – at decent rates! (current 3 year rate is 4.70 and current 5 year rate is 5.99 – rates are subject to change without notice).

I am pretty excited to have a lender back in the rental property/stated income arena and wanted to let you know asap for any opportunities you may come across. Let me know if you have any questions!

Julie Cooper CMA, AMP
Tower Wealth Management/Axiom Mortgage Solutions
16406 100 Ave. Edmonton, Alberta T5P 4Y2
p.780.484.5777
f.1.866.891.7305
t.1.866.484.5777
c.780.982.1154
juliecooper@towerwealth.com

“We provide individuals and businesses with comprehensive wealth management solutions using our unique Wealth Navigation Program”

The Home is Pending. Can’t We Just Offer The Seller More?

Wednesday, June 23rd, 2010

John;

If the house is pending, can’t we just offer the sellers more money?

- Ms. X.

Hi Ms. X.

We can offer the sellers whatever we want, but the current offer is in place and cannot be bumped out of the way by anything we can do. They have until their condition day to satisfy their sale and complete their purchase. If they don’t remove their conditions (aka subject-to’s) then we have an opportunity to buy the home.

The most proactive thing we can do on this home is to submit an offer as a “backup offer”. This way, if the current buyer doesn’t remove their conditions then we are in position to purchase the home ahead of anyone else. Think of it as a “right of first refusal”.

- John Carle

5 Steps for Getting Ready to Buy Your Next Home

Thursday, June 17th, 2010

In a recent remax.com consumer article, Lisa Escue (CDPE), with RE/MAX Masters II in Grapevine, Texas, outlines five steps buyers should take before buying a home. Share the article with your buyers (click on “Send to a Friend”), or print a few copies to keep handy when you meet with new clients for the first time.

Here are Escue’s five steps for buyers:

Step 1. Find a Local Lender You Can Talk To in Person
Local lenders understand your market and know of loan programs that might be beneficial to you.
Check with your lender on any local programs that might help with closing costs or in other ways. Even though the media have pronounced the 100-percent-financing option dead, this is not always the case. Check it out for yourself and then get preapproved for a loan so you know how much house you’re able to buy.

Step 2. Be Specific in the Area You Want To Live
Educate yourself. Familiarize yourself with the neighborhoods you’re interested in, the taxes and school districts. This not only helps you narrow down your search when you need to move fast, but also helps you figure out potential mortgage payments. Search for homes in your desired neighborhoods.

Step 3. Find an Agent Specializing in the Area You Want to Live
This will save you time and effort. Once you’ve identified an agent, trust him or her to do the job. Agents who are thriving in this challenging market have proven their worth. They have the resources and skills to help you find your next home.

Step 4. Don’t Shy Away From Houses That Need Some Work
Just because a house needs some paint or cosmetic fixes doesn’t mean it’s not a good buy. Most real estate agents have an address book full of trusted businesses they work with to help you fix up your new home.

Step 5. Be Prepared To Act
Sometimes the first home you see is the right one for you. Don’t discount it. Remember, good deals still go fast. Take advantage of the electronic tools your real estate agent has to offer. In many instances, real estate agents have access to better information than what you can find in a standard Internet search.

© 2010 RE/MAX, LLC. RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.

When Can I Get My Keys?

Saturday, May 15th, 2010

Hi John;

I’m wondering what time on possession day I can get my keys? I want to book some cleaners to go into the house before we start moving in. I was reading the contract, and it says noon. So would it be safe to book the cleaners for 1pm?

- Diana

Hello Diana;

I don’t recommend booking anything for possession day. There are so many factors that can delay the possession, none of which I have any control over. But I can tell you that there’s a very important Murphy’s Law in real estate:

“If you book something for possession day, there will be a major delay.”

Couriers could run late, lawyers can make mistakes, the other Realtor could be busy and not call me with key release, the seller could have a delay getting out of the home, land titles could run behind, etc. etc. etc.

My advise would be to book your cleaners for the day after possession, and move in the following day. It’s just safer that way.

- John Carle
ReMax Real Estate
www.Knock-Knock.ca
(780) 701-9090

Nice Agents for Nice People

Washers and Dryers in Condos

Saturday, May 8th, 2010

Hi John;

Can I install a washer/dryer into the condos that we are looking at? Insuite laundry is something I really want to have, but the price I can afford doesn’t seem to give me that feature. There are some “all in one” machines that I’ve heard about, and I would like to put one into my new condo. What are your thoughts?

- Jonathan

Hi Jonathan;

Insuite laundry is definitely a plus. I understand exactly where you’re coming from.

There are a few things to consider when thinking of installing a machine like that. Here’s a short list off the top of my head:

1. Condo approval
You’re going to need permission from the condo association to do this. Many won’t allow it because of the possible water damage and general hassle of dealing with them. It’s a major can of worms!

2. Electrical Consumption
These machines draw a lot of power. Make sure the electrical systems in the condo can handle the extra load, or the machine will just annoy you too much.

3. Cost
At the end of the day, is it really worth it? Look at your budget, cost of the machine, installation costs, utility bills, etc. as there’s a lot  to consider when installing a machine like this. Is it really worth it?

4. Water and Power
Just because you have a storage room where you can install the machine doesn’t mean you can put one in. You have to make sure that you can get water to the machine, there’s electricity to run it, and a drain for the dirty water to go down.

I’m sure there’s more concerns, but this is probably a pretty good starting point. The best idea would be to talk to the condo association when we make an offer on a condo, and inquire with a home inspector about how to go about installing it.

Talk to you soon;

John Carle
ReMax Real Estate
www.Knock-Knock.ca
(780) 701-9090

Will We Miss The Market?

Saturday, May 1st, 2010

Hello John;

We’re thinking about selling our home, but there’s work we want to do to it before it goes onto the market. We’re worried that if we take too long, then we’ll miss the spring market. What should we do?

- Jack & Susan

Hello Jack and Susan;

Yes, the spring market is definitely the most active market of the year. There’s no doubt about it. BUT that doesn’t mean prices are higher in the spring. It just means more buyers are out there, and more houses are for sale, and we Realtors aren’t getting a lot of sleep.

If you wait into the summer (or fall!) you will be in a quieter marketplace. There will be fewer buyers. But there will also be fewer houses for you to compete with. It all balances out.

But before you start renovating, I should come over and have a look at the property for you. Many people’s renovation ideas don’t actually return a higher sales value. They just cost you money. It may be that you won’t need to do those reno’s, which will save you a lot of time and money. It’s also possible that I’ll recommend other renovations that may actually help return a higher price or make the home more salable.

All the best,

- John Carle
ReMax Real Estate
www.Knock-Knock.ca
(780) 701-9090

“Nice Agents for Nice People”

Buyer’s Agents?

Sunday, April 25th, 2010

Hi John;

I noticed that you have 2 agents working under you, I’m wondering how their licenses work in relation to yours. They’re buyers agents, right?

- “Calgary Realtor”

Hello Calgary Realtor;

Ben and Sarah both work on the Knock-Knock real estate team, but they aren’t “Buyers Agents”. In my opinion, a Buyers Agent isn’t allowed to list property and is an employee who take orders from another Realtor. That’s not the case here.

Ben and Sarah both have listings, service sellers, and are fully licensed and respected Realtors in their own right. They aren’t subordinates, employees, or pee-ons. They carry the exact same license as I do.

They’re part of this team because they see the value in the systems, education, and marketing that I’ve created through the Knock-Knock.ca model. They, and I, benefit from the exposure we’ve created and the large volume of buyer inquiries and leads that come to our properties.

But they are not buyers agents, limited in their licensing, or subordinates to anyone.

I hope this clears things up for you. Let me know if you have any other questions.

- John Carle
ReMax Real Estate
www.Knock-Knock.ca

“Nice Agents for Nice People”

Site Update – Daily Property Hotsheet

Monday, April 12th, 2010

This morning we launched a new service, the DAILY PROPERTY HOTSHEET.

This free service provides property and market information for the Edmonton and area neighbourhood of your choice, based on the address of your property.

How does this report differ from other property updates or agent searches or realtor.ca?

1. It provides much more detailed information than you’re going to get through those other sources.

2. The property address is included on EVERY listing sent to you.

3. The information includes information on SOLD property and sale prices

We are very excited about this new service, and hope that you’ll benefit from our efforts in this regard.

Follow this link to start your own DAILY PROPERTY HOTSHEET.

http://www.knock-knock.ca/realty-tools/daily-hotsheet/

ReMax is #1 with Reader’s Digest Readers

Thursday, April 8th, 2010

Congratulations to RE/MAX associates on being voted Canada’s Most Trusted Residential REALTOR® by readers of Reader’s Digest magazine. Reader’s Digest announced its “Trusted Brand Awards 2010” last month and will be featured in the May issue.  A study was conducted for the annual awards asking respondents, unprompted, which brands they trust most within 28 different brand categories.  Brand reputation, in this case, represented consumers having a positive personal experience with the brand.  30% of Canadian’s surveyed answered that RE/MAX was their most trusted residential realtor, that’s an impressive five times more than the runner up.

St. Albert Neighbourhood Expansion Approved

Thursday, January 14th, 2010

In yesterday’s St. Albert Gazette, there was an excellent article written about the city’s approval to expand Erin Ridge to the north. The article focused more on the proceedings themselves than the actual expansion, but I suspect that’s because not a lot of details were provided about the expansion.

The important thing is that St. Albert City Council is moving forward to allow for residential expansion, which is a good thing for St. Albert real estate futures.

Here’s a link to the original article: http://stalbertgazette.com/news/2010/0113/top1.htm

And here’s the entire article:

Erin Ridge North given OK
By Pamela Roth
Staff Writer

Despite a developer’s request for a one-week delay to go back to the drawing board and iron out some last-minute concerns, council has approved the city’s first area structure plan (ASP) in the annexed lands.

Patrick Shaver, project manager of Landrex Developments, delivered unexpected news council Monday night when the Erin Ridge North public hearing resumed. After reviewing the updated plan, Shaver said Landrex still had concerns about a number of red flags, mostly on the subject of road classification and storm ponds.

Shaver requested a one-week delay so the issues could be sorted out with city administration before third reading, but council voted 4-3 to proceed regardless.

“Development will never happen unless we move forward. There are things that can be ironed out,” said Coun. James Burrows. “What we have here is a high-level planning document for lands, for St. Albert tomorrow. That tomorrow will never come today if we don’t move forward on this.”

Coun. Gareth Jones agreed development needs to go forward, but thought Landrex should be given the opportunity to arrive on the same page as the city.

“I would like to see both the city and Landrex come together in a positive manner to make this work, so there’s no more back and forth,” said Jones. “This is too important for this city.”

Storm water concerns

Shaver said some of the details did not align with Landrex’s original proposal and some of the conditions, such as requiring Sturgeon County approval for a stormwater outfall, could have the potential to stall development.

Even though his request was ignored, Shaver said he’s happy the plan has finally been approved after working on it in its present form for two-and-a-half years.

“Our preference would have been to work out some of these details prior to third reading, but we will continue working towards development for this year,” said Shaver, who noted amendments can still be made to the ASP if Landrex can’t get through the approval process with the current conditions.

“It’s not that it was bad or wrong, it’s just clarification for everyone’s sake, including the [city]. We are optimistic we can develop as it is, but we do also know that there could be some hurdles in there we would have liked to have seen eliminated prior to moving forward. We hate to see this thing be delayed because an agreement [with the county] is not in place until some time mid-year.”

The public hearing had been ongoing since October. During the last session in November, the only outstanding issue that remained was the partial closure of Coal Mine Road, which council voted to close in stages as other future roads in the area are constructed.

Shaver’s request to further delay the ASP approval sent a wave of confusion among councillors, who were under the impression all outstanding matters had been resolved. After much debate, council agreed to close the public hearing and gave third reading.

The 129 hectares in the plan area, which up until a few years ago had been called Hunter Ridge, will accommodate around 3,000 residents. It includes predominately multi-family and low-density housing, commercial space along St. Albert Trail, churches and a proposed school.

A fiscal impact analysis of the ASP shows the city would receive $3.8 million in municipal property tax revenues, or $906,000 in net revenue after operating costs at full build out.

Municipal capital costs would be about $2.3 million, which would be spread out over a 10-year period.

Commercial delays

During the last public hearing, council placed a priority on developing commercial and residential at the same time, given the lack of commercial remaining in the pre-annexation boundaries. The taxable assessment would be 80 per cent residential and 20 per cent commercial.

Shaver said so far there’s been a commitment from residential homebuilders, but no commercial users have solidified.

Since there’s a higher demand for residential, he cautioned council it could be at least two years before any commercial development is seen.

“We understand council’s push for it and it is our intention to work towards it,” said Shaver. “It certainly looks positive. With the infrastructure we have today, we will assure that portion of the ASP is allocated to commercial, so only so much residential will be developed prior to commercial coming online.”

Previous versions of the ASP pre-date St. Albert’s 2007 annexation of 1,336 hectares from Sturgeon County. The plan has been adjusted numerous times since then to accommodate city administration, public and council feedback.

Erin Ridge North is the first ASP to be brought before council since 2007.

What factors should I consider when purchasing a rental property?

Tuesday, November 10th, 2009

WHAT SHOULD I CONSIDER WHEN PURCHASING A REVENUE PROPERTY?

If you are considering the purchase of a rental property, here are some important factors to keep in mind;

1) Location, location, location! Buy the best location you can afford, as this will not only attract the widest amount of response when advertising for a tenant, but will help you sell your property when you decide to do so.

2) When updating or renovating, get the job done right! Ensure that all renovations are done to code and that updates are performed with quality in mind. However, don’t go overboard with upgrades as they may not result in a return on investment. Visit www.hendersonandbutt.com for the 2009 HOME RENOVATION GUIDE, which explains the return on investment that you can expect for different types of renovations.

3) Stick with a size of property that will appeal to your greatest audience. For example, condominiums can accommodate a range of demographics, such as young couples, urban professionals, or students. If your property is too large, too small, or very unique, it may restrict your market.

4) View the property with an eye for potential. Take the view of your future tenants, and you may be able to locate a bargain that other purchasers may not recognize.

5) Analyze your numbers closely. Your income (rent) vs. expenses (mortgages, taxes, and condo fees) will determine whether the property will require money out of your pocket every month or be an income earner. How much the property will appreciate over time is also an important consideration.

6) Utilize word of mouth and the Internet to find a tenant. By spreading the word to your network of friends and associates, and by advertising on free sites such as Craig’s List and Kijiji, you may be able to keep your advertising costs down and find a tenant by the time you take possession.

7) Before you invest, learn all you can about the rental market, tax benefits, and renovation costs. Be informed!

For more information on investing in a revenue property in Edmonton, contact Sarah Dulmage @ (780) 934-8514.

St. Albert Real Estate To Be Tighter?

Sunday, October 18th, 2009

Here’s an article I read this morning in the St. Albert Gazette. It talks about the city adding denser housing; which is another way for the province to force their “affordable housing” goals onto some of the more resistant communities, aka St. Albert. Real Estate values in existing areas won’t be affected, but you can probably expect this to bring about some lower cost housing in the future.

Here’s the article…

New density targets set by the Capital Region Board for communities in the region will bring neighbours together as the board aims to limit the area’s expanding footprint.

The 25 member municipalities voted unanimously to approve new targets that spell out a tighter, more compact region oriented around transit.

The new targets use a complicated measurement tool, but essentially aim to put an average of between 30 and 45 housing units on each residential hectare.

That land does not include roads, school sites and parks, only the land homes are built on.

The 30 to 45 target range would apply to St. Albert, Edmonton and Sherwood Park. Slightly less dense targets would apply to other communities where the board would like to see growth.

Carol Bergum, a senior long-range planner with the city, said most neighbourhoods are much more spread out.

“The average for all of the areas, if you were to look at full build-out of the pre-annexation area, is about 18.”

Bergum said the city only has one development — Inglewood — that meets that standard with a density of about 35 units per hectare. Most areas fall well below, including the least compact Sturgeon at 13.5 units per hectare.

Coun. Len Bracko, who was the city’s representative at Thursday’s vote, said this is a good direction for the city.

“We have to look at what the demographics are and where we are headed in the future.”

He said the future of St. Albert is not in sprawling communities but in tighter development built around transit and commercial projects.

“There will be more of a community where people walk to get their groceries and meet people along the way.”

Bergum said the city is already starting to move toward denser development through the proposed Smart Growth initiative the city has been studying.

“We are proposing to be very close, if not meeting the standards that are now set.”

She said existing areas wouldn’t have to change, but the city would look at ways to make them denser.

“It doesn’t mean changing our neighbourhoods completely. It means filling in the cracks and seeing ways that we can do infill development.”
Bracko added the density target is going to be spread across the region and won’t be concentrated only in St. Albert.

“It is the whole region; the area is Edmonton, St. Albert and Sherwood Park where you have access to transit,” he said.

The board has not developed policies directing how municipalities like Edmonton and St. Albert will share the work of reaching these density targets.

Municipalities will have to submit their land use and development plans to the board for approval as they are updated, which is one way for the board to see that they are meeting density targets.

Michael Mooney, executive director of the Urban Development Institute, which represents developers, said he hadn’t had an opportunity to thoroughly review the targets, but believed over the range they would be sustainable.

“It is a little higher than our market would suggest today, but it is certainly doable.”

He said the only problem with denser development is sales and whether people will want to live closer to their neighbours.

“We are strongly oriented towards grass when people have a family. They want to live on the ground.”

Recent Posts from Our Blog

Subscribe to this Feed

to this Feed


DAILY PROPERTY HOTSHEET