Michael Newton Real Estate : Gravity Realty Group : Archived blog posts for : December 2023

Understanding the New Residential Measurement Standards in Alberta

Posted on December 18, 2023 by Michael Newton

Navigating the Changes: Alberta's Updated Residential Measurement Standards

Author: Michael Newton
Date: Dec 18, 2023

Introduction:

Dear Homeowners and Real Estate Enthusiasts,

As a seasoned real estate agent in the vibrant Calgary market, I’m here to guide you through a significant update in the Alberta real estate industry. The Residential Measurement Standard (RMS), a cornerstone in property measurements since 2015, is undergoing noteworthy changes. Starting January 1, 2024, these improvements, recommended by the Industry Council, will come into effect, enhancing accuracy and trust in property measurements.

What’s Changing?

1. Measuring Semi-Detached and Townhouse Properties:

The new year brings a shift in how semi-detached and townhouse properties are measured. Now, measurements will be based on the exterior wall at the foundation, providing a more accurate reflection of a property’s size. This approach aligns with the diverse and complex designs of modern homes, making it simpler for licensees and more transparent for consumers.

2. Introducing the Below Grade Measurement Standard (BGMS):

Another exciting development is the introduction of the BGMS. While not mandatory, this standard provides a consistent method for measuring below-grade spaces, offering an additional layer of detail for those interested in advertising such spaces. This standard is set to enhance the comparability and accuracy of property listings.

Understanding the BGMS Principles:

Principle 1: Applicability

The BGMS applies to floor levels that are below the highest elevation of the property.

Principle 2: Measurement Method

Measurements are to be taken at the exterior of the foundation. Where this isn’t feasible, interior measurements plus wall thickness are used.

Principle 3: Ceiling Height Requirement

The minimum ceiling height for included floor areas is 60 inches (1.52 meters), ensuring a standard for livable space.

Principle 4: Documentation and Transparency

All measurements and excluded areas must be documented in a clear diagram, forming an essential part of the listing file.

Why These Changes Matter:

These updates mark a significant stride towards improving the accuracy and consistency of property measurements. They reflect the evolving nature of residential properties and ensure that both consumers and real estate professionals can make informed decisions based on reliable data.

Preparing for the Transition:

While these changes officially take effect in 2024, I encourage my fellow real estate professionals to familiarize themselves with these new standards. As always, feel free to reach out to me, Michael Newton, for insights or assistance in navigating these changes.

Conclusion:

In an ever-evolving real estate landscape, staying informed and adaptable is key. These updates to the RMS are a testament to our industry's commitment to excellence and consumer trust. For more information or to discuss how these changes might impact your property, don't hesitate to contact me, Michael Newton, at (403) 512-9825 or michael@michaelnewton.ca. Visit my website, michaelnewton.ca, for more insights and updates in the Calgary real estate market.

Call to Action:

Stay ahead in the real estate game! Share this post to spread the word about these important changes. And if you’re contemplating upsizing your home in Calgary, let’s connect to explore how these new measurement standards can benefit your property journey.

The City of Calgary Extends Secondary Suite Program: Big News for Homeowners and Investors

Posted on December 11, 2023 by Michael Newton

Great news for homeowners and real estate investors in Calgary! The City of Calgary has recently announced an extension of the Secondary Suites Amnesty Program until December 31, 2026. This is an exciting development for those considering adding a secondary suite to their property. Here's what you need to know:

What Does This Mean for You?

The extension of this program means that the costs associated with the development permit and registration of a secondary suite are waived for another three years. This presents a significant saving – approximately $680 – for homeowners. Since its inception in 2018, the program has seen over 11,000 registered suites, a testament to its success and popularity.

Why Consider a Secondary Suite?

Secondary suites, often located in basements, are an excellent way to generate additional income, increase the value of your property, and provide affordable housing options in the community. These self-contained living spaces must include bedrooms with proper egress windows, separate bathrooms, cooking facilities, and private entrances, ensuring comfort and privacy for both the homeowner and the occupant.

Safety and Compliance

The city emphasizes the importance of safety and legality. Owners of suites built before March 2018 need to ensure that their units meet the minimum life safety requirements, which include adequate exit routes, smoke and carbon monoxide alarms, and appropriate drywall barriers. Compliance is not just about following rules; it's about ensuring the safety and well-being of occupants.

The Bigger Picture

This extension aligns perfectly with Calgary's broader housing strategy, aiming to create more safe and affordable housing choices. As a real estate professional, I see this as a positive step towards accommodating our growing city's housing needs, particularly for families and young professionals.

Are You Considering a Secondary Suite?

As a seasoned real estate agent in Calgary, I can guide you through the process of adding a secondary suite to your property. Whether it's understanding zoning regulations, navigating the permit process, or finding the right contractors, I'm here to help. This program's extension is a golden opportunity for property owners looking to maximize their real estate investment.

Let's Chat!

Interested in exploring the possibilities of a secondary suite for your home? Feel free to reach out to me, Michael Newton, at (403) 512-9825 or email at michael@michaelnewton.ca. Let's make the most of this fantastic opportunity provided by the City of Calgary!