Edmonton's first shipping building container apartment building is nearing completion.

Edmonton's first shipping building container apartment building is nearing completion. SHAUGHN BUTTS / POSTMEDIA

From the inside, Satesh Narine and Maria Madsen’s new garage suite looks like a regular apartment, with two bedrooms, a bathroom, a living area, laundry machines and modern kitchen. Strategically placed furniture and a space-saving table make the tiny home seem bigger, but the suite’s real secret lies in the walls, which were made from three shipping containers stacked on top of each other. Shipping containers carry goods from China to the West Coast, but most of them retire once they arrive in Canada because it’s cheaper for companies to build new ones. As in other parts of the world, shipping container homes are becoming more popular in Edmonton and the companies who make them are expanding into other markets and taking on more ambitious, multi-storey projects. Daniel Engelman, who co-owns the Edmonton shipping container home company Honomobo, said their production has increased dramatically during the past year, from about a dozen homes per year to 50. “Definitely faster than we expected,” he said. People from 96 countries have reached out to Honomobo, which has projects planned for Martha’s Vineyard, Mass.; Colorado, and even Inuvik, N.W.T. (That one will have to be shipped on a barge that leaves once a year.) Many of Honomobo’s homes are going to British Columbia and California, where there is lots of money flowing and high demand for housing in cities like San Francisco. Compared to other cities, it can be easier for companies to build container homes in Edmonton, Engelman said. In Vancouver, the permit process can take six months to a year, but in Edmonton that timeline is typically much shorter.

New zoning regulations passed by Edmonton’s city council in July, which will take effect Sept. 1, permit garage and garden suites in low-and medium-density residential zones. (Previously, the suites were discretionary, so city development officers could approve or refuse them, and neighbours could appeal.)

AJ Slivinski in the show suite of Edmonton’s first shipping building container apartment building, which is nearing completion. This two-bedroom apartment is two 12×60-foot shipping containers side by side. SHAUGHN BUTTS / POSTMEDIA “I think there’s a huge market for this,” said AJ Slivinski, owner of Step Ahead Properties, which is building Westgate Manor, the city’s first shipping container apartment building at 16315 96A Ave.

The 20-unit apartment building was built with 48 shipping containers is currently under construction. The Calgary company Ladacor Advanced Modular Systems, which has also built a hotel in Bruderheim, Alta., out of shipping containers, is handling the construction. Slivinski said the plan is to have residents move in Oct. 1. Getting the apartment complex built hasn’t been easy. The company had to spend $100,000 to bring the landscaping up to code, upgrade the storm sewer for $60,000, negotiate the number of parking stalls required by the city, and delay construction because of all the rain this summer. But Slivinski said he expects more developers and homeowners will take advantage of shipping containers’ benefits. Honomobo is also at work on a multi-level apartment building, which they expect to be built this fall or early spring in the Queen Mary Park neighbourhood. Thanks to off-site construction, container homes can be built quickly and with minimal disruption to neighbours. Narine’s garage suite, which was built by the Edmonton firm novhäus, took just three months to finish after the containers were placed on his lot in March. Container homes are also very sturdy and designed to withstand the elements. With proper insulation, they can be quieter than normal homes and warm during the winter months. Shipping containers don’t always live up to their reputation as cheap, fast and eco-friendly options, though. It’s true that there’s a large supply of used shipping containers available, but they need to be extensively cleaned as they could have been used to transport toxic materials. Some homeowners even opt to buy new containers, which defeats the purpose of recycling used steel. According to Slivinski, 150 people attended an open house for Westgate Manor’s show home in late July. Though the company has been targeting millennial tenants who work on 170 Street, many of the people who showed up at the open house were seniors looking to downsize. Narine said he could see himself living in his garage suite eventually, though he has yet to convince his wife. He was drawn to the environmental benefits of building with shipping containers and he supports infill because he sees it as a way to make living in neighbourhoods like Brookside, where he has resided since 1998, more accessible.“It’s a great neighbourhood,” he said. “We feel we’re very fortunate, but it would be nice to share it with another family.”

This garage suite in Brookside was made by Edmonton company novhäus from three shipping containers. Regulation changes will make it easier for developers and homeowners to build garage and garden suites like this in mature neighbourhoods.

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Take a tour inside Edmonton’s first shipping container apartment building


 

While it may not be the most traditional way of building, once you’re inside one of Edmonton’s newest apartments, you wouldn’t even know you’re standing inside what was once a shipping container.

 

A three-storey, 20-unit apartment building – made from repurposed steel shipping containers – is nearing completion in west Edmonton.

 

“We’re getting a lot of interest,” said AJ Slivinski, owner of Step Ahead Properties.

 

 

 

“Overall, everybody’s very impressed. I think their first words out of their mouth is, ‘We didn’t really visualize this.’ And I think they come to the realization that whether it’s shipping container or stick build, there is no difference.”

 

READ MORE: Edmonton-based company introduces Fort McMurray to shipping container homes

 

The sea-cans come from Canada’s West Coast. Because of the high cost of returning the containers back overseas, most of them only make a one-way trip to North America.

 

“It is a green option,” Slivinski said. “We are

repurposing the steel that is piling up on the coast.”

 

READ MORE: Denmark tests floating shipping containers as affordable   homes

 

Step Ahead Properties worked with Calgary-based company Ladacor Modular Systems on the building.

 

The containers were repurposed in Calgary, then shipped north to Edmonton. Even the tiles, countertops, floors and walls were built in a warehouse in Calgary before making their way to Edmonton where the apartment building was constructed like “LEGO,” Slivinski said.

 

The process lowers construction costs while reducing building time. Slivinski said while a traditional stick build might take 12 to 18 months, shipping-container build times are around three to four months.

 

While Alberta has seen shipping container garage suites, lane houses and a hotel, this multi-family housing unit in the Glenwood neighbourhood is the first of its kind in Edmonton.

 

“Many other people are doing this, but on a much smaller scale and making it a little more eclectic where they’re painting it different colours, one or two units and making it more art,” Slivinski said.

 

“We’re really taking it to shipping container 2.0 where we’re going to blend our product right into the environment.

 

“We dare anyone to be able to tell the difference between a regular stick build apartment building and a fully built shipping container building.”

 

 

READ MORE: Calgary developer thinks outside the box with shipping container hotel

 

While some might think the units would be noisy with all the steel around them, Slivinski ensures potential tenants that the building is fully foamed and insulated like any other apartment building.

 

The building offers one- and two-bedroom units. Rent is based on the market.

 

“We are trying to offer a brand new product and trying to be competitive with our rates,” Slivinski said.

 

READ MORE: Shipping container homes coming soon to Edmonton neighbourhoods

 

A show suite is now open at 16315 – 96 A Ave. The company is holding an open house from noon to 3

p.m. on Saturday, July 29.

 

© 2017 Global News, a division of Corus Entertainment Inc.

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Edmonton, July 6, 2017: In the Edmonton Census Metropolitan Area (CMA), all residential unit average prices for June 2017 are up 3.74% compared to May 2017, and up 4.19% relative to June 2016.

Average sale prices for single family homes increased both month over month and year over year, increasing to $453,735, up 2.91% compared to May 2017 and up 4.37% relative to June 2016.
Average prices for duplexes/rowhouses and condominiums were stable in June.
The condominium average price was $260,084 in June 2017, an increase of 3.69% compared to May 2017 and a decrease of 0.66% compared to June 2016. Duplexes and rowhouses average price increased to $350,431, a 1.75% increase from May 2017 and 0.68% lower than June 2016.

The number of all residential units reported sold were 1,867, which is mostly flat month over month, up 0.76%, and year over year, down 0.74%. Single family sales were 1,192 units, an increase of 1.88% compared to May 2017 and 1.27% in June 2016. Reported condominium sales were 461, which is up 2.67% month over month and down 5.53% year over year. There were 307 duplex/rowhouse unit sales in June 2017. This category continues to grow in popularity, with an increase of 53.5% compared to May 2017 and an increase of 68.68% in June 2016.

“Affordability and value are key drivers across all property segments. Buyers can be discerning, but with stable prices and potential interest rate increases around the corner it is important for buyers to get off the fence”, says James Mabey, REALTORS® Association of Edmonton Chair. “Patience is a virtue, however, as a seller if you are getting good feedback, but aren't attracting an offer it may be time to refresh with your REALTOR® whether a price correction may be necessary."

In June, inventory was 8,586, which was an increase of 6.24% compared to May 2017, and an increase of 6.55% compared to June 2016. Total new residential listings in June were 3,427, down 6.80% from May 2017 and up 14.73% from June 2016.

The all residential average days-on-market was 53 days, down one day from May and identical to June 2016. On average, single family detached homes sold in 46 days, condominiums sold in an average 61 days and duplex/rowhouses sold in 62 days.

 

MLS® System Activity


 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

 

 

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SIGNIFICANT PRICE INCREASES AND HIGH DEMAND IN THE GREATER TORONTO AREA DURING THE FIRST QUARTER OF 2017 SPURRED GROWING NUMBERS OF BUYERS TO LEAVE THE DOWNTOWN CORE.


These buyers, known as move-over buyers, are looking for greater affordability in markets across southern Ontario. In turn, they are driving price appreciation in Mississauga, Brampton, Durham, Barrie, Hamilton-Burlington, Windsor, and as far away as Kingston. The GTA saw the average residential sale price rise by 29 per cent, up from $675,492 in the first quarter of 2016 to $873,631 during the same period in 2017.

At the same time, housing demand has slowed in Greater Vancouver compared to Q1 of 2016, and the average residential sale price decreased 11 per cent year-over-year, from $1,094,936 in the first quarter of 2016 to $969,900 in 2017. The decline in average sale price is in part due to the introduction of the foreign buyer tax last August, a relatively severe winter and the natural stabilization of prices after the market reached a high point in May 2016. Move-over buyers from Vancouver and buyers migrating from other provinces continue to fuel activity in Fraser Valley, Kelowna, and in Victoria, particularly in the upper-end of the market due to relative affordability in these regions.

 

 

A recent RE/MAX survey conducted by Leger found that when making buying decisions, over two-thirds of Canadians consider the location of a home to be more important than the style or size of the home. Respondents indicated that beyond price, a number of other factors influence home purchases, including: access to green space (77 per cent), proximity to work (66 per cent), proximity to retail centres (65 per cent), and proximity to family and friends (65 per cent). All of these ranked higher than the style of a home.

In response to heightened activity seen across the GTA in recent months, the Ontario provincial government announced a 15 per cent Non-Resident Speculation Tax (NRST), along with a number of other regulations in mid-April in an effort to balance the need to stabilize the market while preventing a harmful sharp correction. Similar to the foreign buyer-tax introduced in Vancouver last year, the impact of this measure on market and buyer activity in the long run is difficult to predict. This measure may impact consumer confidence in the short-term as buyers hold out until they fully understand how they are affected, causing overall market activity to slow.

In Western Canada, particularly in Alberta, slowly recovering oil prices, low interest rates, and US approval of the Keystone XL pipeline project have renewed buyer optimism, particularly among move-up buyers and millennial, first-time buyers who are typically looking to buy condominiums. The average residential sale price increased three per cent year-over-year in Calgary to $482,065, up from $467,780 during the first quarter in 2016. A wide variety
of inventory across the market provides good opportunities for buyers in Edmonton, resulting in a 12 per cent increase in activity and stable year-over-year prices to start 2017.

Charlottetown and Halifax experienced increased demand from foreign buyers in the first quarter in addition to sustained demand from buyers moving back to Atlantic Canada from other parts of the country to purchase more affordable housing options than what is available in Canada’s larger urban hubs.

New residential and commercial development projects in markets across the country are expected to fuel demand in these regions. These cities include Calgary, Edmonton, Kelowna, Victoria, and Regina in the West and Windsor, London-St. Thomas, Hamilton-Burlington, Mississauga, Barrie, Durham, Brampton, Ottawa, Saint John, and Halifax in Central and Eastern Canada.

 

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My wonderful clients just received confirmation back about their tax assessment review/ adjustment we did back in the spring. I'm so excited to report they are now receiving a credit back from the city for $380! Trust me your tax assessment is not the true value of your property. The city has never even been in your home! If you need help just call me. (Now I'm just waiting on my own review ;)

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Edmonton, June 2, 2017


In the Edmonton Census Metropolitan Area (CMA), all residential unit sales for May 2017 are up 25.37% relative to April 2017, and down 2.78% compared to May 2016. Relative to this period of time last year, the year-to-date sales are up 38.19% month over month and 2.70% year over year.

Average prices for single family home increased both month over month and year over year, increasing to $440,907, up 0.33% compared to April 2017 and up 0.26% relative to May 2016. Condominium average price was $250,818 in May 2017, a decrease of 2.69% compared to April 2017 and a decrease of 0.67% compared to May 2016. Average prices for duplexes/rowhouses and condominiums decreased in May. Duplexes and rowhouses average price decreased to $344,406, a 3.75% decline from April 2017 and 1.52% lower than May 2016.

“We are in the middle of our busiest season for real estate,” says James Mabey, REALTORS® Association of Edmonton Chair. “More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings typical for this time of year.”

Inventory continued to increase for May and is up 10.16% over April 2017, increasing 4.33% relative to May 2016. New listings increased 16.21% relative to April 2017, and increased 15.09% compared to May 2016.

Average days on market remained stable, decreasing slightly for most categories in May. The average for single family homes was 48 days on market, identical to April 2017, and down marginally compared to 51 average days in May 2016. Condominiums increased to 62 days on market from 60 days in April 2017 and May 2016. Average days on market for duplexes and rowhouses decreased to 61 days, compared to 64 days in April 2017 and increased compared to 59 days in May 2016.

 

MLS® System Activity for May 2017

  1. Census Metropolitan Area (Edmonton and surrounding municipalities)
  2. Single Family Dwelling
  3. The total value of sales in a category divided by the number of properties sold 
  4. he middle figure in a list of all sales prices
  5. Residential includes SFD, condos and duplex/row houses. 
  6. Includes residential, rural and commercial sales

 

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Spring has sprung and properties are moving! Stay tuned for your insider look at Edmonton's housing market reporting from Beaumaris Lake. Angie Resendes RE/MAX River City 780.439.7000 EdmontonPropertyShop.com

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Things are picking up in the Edmonton region. The Edmonton housing market is experiencing some major changes and we are happy to guide you through them. Enjoy our Edmonton Real Estate Minute with Angie Resendes of RE/MAX River City

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Another fabulous Edmonton home sold to a great family. Acquiring a great buy in the Edmonton real estate market can be complicated. Feel free to contact Angie Resendes for your no obligation Informed Buyers Seminar. We would love watch you “slap” your sold sticker up 

:)

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Edmonton, May 2, 2017
In the Edmonton Census Metropolitan Area (CMA), prices in all residential categories increased both month over month and year over year. The single family home average price increased in April 2017 to $439,438, up 0.07% compared to March 2017 and up 0.03% relative to April 2016. The condominium average price was $257,740 in April 2017, an increase of 6.23% over March 2017 and an increase of 2.32% compared to April 2016. Duplexes and rowhouses average price increased to $357,815, 2.58% higher than March 2017 and 4.97% higher than April 2016.

“Average monthly prices across all categories have increased,” says James Mabey, REALTORS® Association of Edmonton Chair. “Despite slightly slower April sales, the spring buying season is off to a solid start.”

April unit volumes for all categories was similar to March 2017, and increased 0.27% month over month. While all residential unit sales were down 6.99% year over year, total year to date sales increased 5.06% compared to April 2016.

Average days on market remained stable, decreasing slightly for most categories in April. The average for single family homes was 48 days on market, a decrease from 50 in March 2017. Average days on market for condominiums was 60, a decrease from 67 in March 2017. Duplex and rowhouses increased to 64 days on market from 62 in March 2017.

New listings increased 2.73% relative to March 2017, and decreased 2.65% compared to April 2016. Inventory continued to increase and is up 11.84% over March 2017, decreasing 3.76% relative to April 2016.

“Inventory levels and unit volumes continues to increase as the weather warms, which is typical for the market at this time of year,” says Mabey.

 

MLS® System Activity for April 2017

  

 

  1. Census Metropolitan Area (Edmonton and surrounding municipalities)
  2.  Single Family Dwelling
  3.  The total value of sales in a category divided by the number of properties sold 
  4.  The middle figure in a list of all sales prices
  5.  Residential includes SFD, condos and duplex/row houses. 
  6.  Includes residential, rural and commercial sales









 
 
 
 
 
 



















 
 
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Bright and spacious OPEN PLAN condo has loads to offer! From a MASSIVE STORAGE area, super-sized IN-SUITE LAUNDRY ROOM to 2 LARGE BEDROOMS. You will love the wide open
entertaining area with abundant kitchen cabinetry and sparkling white appliances (you could also add a large island!). Outside you will find the PERFECT BBQ area on your PRIVATE PATIO
with east facing exposure overlooking the creek, onsite management, energized parking stall and easy transit access. Don't worry there is loads of visitor and street parking for your guests!
Market rent for this building is $1050 so LIVE IN, INVEST OR HOLD!

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Several narrow homes under construction along 102 Avenue.

 

City councillors decided to further narrow the minimum lot width for a single-family house to 7.5 metres Wednesday to accommodate small errors in previously imprecise survey methods.

Edmonton lots used to be measured with a chain, which could have kinks or otherwise create errors. That means several thousand standard-size lots the city thought were 50 feet or 15.24 meters wide, and therefore wide enough to subdivide, were actually slightly too narrow.

Councillors said they hope dropping the minimum requirement to 7.5 metres from 7.6 metres will solve the issue and make it clear for homeowners and all parties involved.

“This has been a contentious issue,” said Coun. Ben Henderson. “Being really public about the line is important so everybody knows they are being treated fairly.”

 

“That is our line and it will be set in stone,” added Coun. Andrew Knack. “We’re not going to just keep moving it down here.”

If an application to split a lot results in two lots narrower than 7.5 metres, city officials said they would refuse the application. The developer would then have the option to argue his or her case at the Subdivision and Development Appeal Board.

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Edmonton, March 2, 2017


Reported unit sales continued to outperform 2016 in the Edmonton Census Metropolitan Area (CMA), with all residential categories increasing 26.6% in February 2017.

Unit prices continued to remain stable compared to previous reported periods. Single family home prices increased 2.61% over January and 1.85% compared to February 2016, to an average selling price of $427,726. Duplex and rowhouse unit prices decreased by 1.40% compared to January and decreased 1.78% relative to February last year. Condominium unit prices, which tend to experience higher fluctuations due to the wide variety of listings, continued to decrease, declining to 6.51% in January 2017 and 6.65% in February 2016.

 “As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market,” says James Mabey, REALTORS® Association of Edmonton Chair.

While 2016 overall had higher inventory relative to previous years, 2017 inventory is more consistent with typical market activity for this time of year. Overall inventory decreased 8.58% compared to February 2016, and increased 9.19% compared to January 2017.

Average days on market (DOM) in February was 65, which is an increase from 57 days in February 2016 and a decrease compared to 72 days in January. Single family home average DOM was 59 days, down 3 days year to date (YTD) and condominium average DOM was 73, down 5 days YTD. Duplex and rowhouse average DOM increased to 80 from 76 YTD.

Certain segments of the market continued to gain in popularity with buyers this month. Condominiums under $250,000 represented the majority of reported sales for that category. Although duplexes and rowhouses account for only 11% of total unit sales, the reported sales for 2017 are up 41% compared to 2016, signaling continued growth in popularity of this property type.

“As the weather warms and we begin looking towards spring, both buyers and sellers are making some of the biggest financial decisions of their lives,” said Mabey. “A professional REALTOR® is here to help you through it.”

 

MLS® System Activity for February 2017

 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

 

 


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While opponents of homeownership claim it's "the American nightmare," self-made millionaire David Bach is doubling down on his faith in real estate.

He thinks that not prioritizing homeownership is "the single biggest mistake millennials are making."

Buying a home is "an escalator to wealth," he tells CNBC.

 

Young adults in particular aren't hopping on this escalator, and it's a costly mistake, Bach warns: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."

The self-made millionaire is quick to say that the smartest investments he's ever made have been the three homes he's purchased. He tells CNBC: "I first bought a home in San Francisco. It skyrocketed in price. I moved to New York and bought another home. It skyrocketed in price. My net worth has gone up millions and millions of dollars, simply because I've lived."

 
Self-made millionaire and bestselling author David Bach
 
Self-made millionaire and bestselling author David Bach

Bach argues that you have to live somewhere for the rest of your life, so you might as well invest in a home that you could own permanently.

As he writes in "The Automatic Millionaire," "As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!"

If you want to get in the game of homeownership, start by crunching the numbers, Bach says: "Actually do the math. Look and see what things costs, starting with the smallest options. This way, you're really clear on your goals and you won't just say to yourself, 'I'll never afford this.'"

A good rule of thumb is to make sure your total monthly housing payment doesn't consume more than 30 percent of your take-home pay. He also recommends having a down payment of at least 10 percent, though more is always better. Finally, recognize that "oftentimes, buying your first home means you're not buying your dream home," Bach tells CNBC. "You're just getting into the market."

A lucrative market, that is. "The fact is, you aren't really in the game of building wealth until you own some real estate," Bach writes.

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