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My First Home - Lanny McDonald

Iconic status was off in the future for the 22-year-old winger. The bushy moustache had yet to grow out and become a trademark.

“We bought our first home year three in Toronto,” said Lanny McDonald, reminiscing. “We’d just gotten married. The house was out in Port Credit. Mineola Street, I believe. A bungalow that had a bonus room up above the garage and it was the scariest thing in the world. Oh my gosh. I think it cost $125,000. We were making a good living, certainly no complaints, but buying a first house is frightening. Luckily, it turned out to be absolutely awesome."

“Darryl (Sittler) lived just down the way, on Mississauga Road. Wendy (Sittler) and (my wife) Ardell became great friends. Darryl and I would drive into the games and practices together. We had...


Secondary Suites

Secondary suites make homeownership more affordable for cash-strapped buyers

Homes with secondary suites have been a hot topic in Calgary for years, but their appeal for homebuyers looking to generate extra revenue is only growing amid adverse economic conditions.

It is important to find out whether the secondary suite in a home is legal before making any purchase, which can be done by going to the City of Calgary’s website,

If a suite is illegal and a neighbour complains about noise or parking from a tenant, then a bylaw officer can come out and shut you down, meaning you’d have to tell your tenants to leave.

The best place to buy a home with a suite is typically near large employment centres, such as commercial or industrial areas, hospitals, universities,...


January Market Update

The improvement of the Calgary housing market continued in December with further stability capping off a stronger second half of the year.

New figures from the Calgary Real Estate Board show that activity returned to levels close to those seen in the past five years with annual sales up 1%.

“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.

Annually, the attached homes segment was the star performer with sales up by nearly 7% for a total of 3,780 sales. Apartments just outpaced year-ago levels with 2,672 units sold, while detached sales...


The 10 Most Expensive Communities in SW Calgary

These are the 10 most expensive Calgary communities in the southwest quadrant, based on year-to-date (YTD) residential average sale price.

1. Bel Aire
Established: 1960
Population: 390
Dwellings: 159
Median pre-tax household income: $401,839
New listings (YTD): 20
Number of residential sales (YTD): 4
Residential average sale price (YTD): $2,000,000
Residential benchmark price (YTD): N/A

2. Britannia
Established: 1956
Population: 690
Dwellings: 313
Median pre-tax household income: $268,603
New listings (YTD): 40
Number of residential sales (YTD): 19
Residential average sale price (YTD): $1,807,237
Residential benchmark price (YTD): $1,342,380

3. Bayview
Established: 1967
Population: 751
Dwellings: 248
Median pre-tax household income: $260,339
New listings (YTD): 22
Number of residential sales...


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