Innovative University District set to fill area housing gap

The concept of an all-in-one community where residents can live, work and play was the inspiration for Calgary's University District, a comprehensive 200-acre community featuring a mix of residential housing, office space, retail developments, parks and green space.

Under development in northwest Calgary, University District is a community that typifies shifting attitudes about the city's expansion, says James Robertson, president and CEO of West Campus Development Trust.

November marks a rise in sales

The November housing market was spurred by a rise in sales, particularly in the lower price ranges.
Sales totaled 1,411 units in November, an increase of 15 per cent over last year. This is comparable to longer-term averages for the month of November. Improved sales activity occurred in each of the housing segments, with most of the gains occurring in homes priced under $500,000.

Bringing people together sets new rec centre apart

Building a community and building a sense of community are two different things. The City of Calgary understands that distinction, and the new Shane Homes YMCA at Rocky Ridge is a prime example.

As construction of new neighbourhoods proceeds at a frantic pace, the City is doing its best to make these collections of houses feel like home. That's why it committed $480 million to develop four recreation centres in freshly built suburbs. One of those projects, approved in 2012 and set to open in January of 2018, is the new recreational facility in the northwest community of Rocky Ridge.

Time spent saving paid off in the form of a new Savanna duplex for Amandeep Khaira

Amandeep Khaira loves her five-year-old daughter Jannat with all her heart. So providing her with a safe and cozy home was at the top of the priority list when the 32-year-old, single mom moved to Canada from India three years ago. She scrimped and saved, and in July, she took possession of her first home – a three-bedroom, two-storey duplex in Savanna, a new section of the northeast community of Saddle Ridge. It was a dream come true.

Dear Santa,

I know you're pretty busy these days getting ready for your epic journey. You must receive millions of letters. I can't imagine how time-consuming it is for you, but if you have a chance, please read mine.

Jackie and Michael Bernard stayed put in their first house as the community around them blossomed

When self-professed inner-city people Jackie and Michael Bernard purchased their 1,100-square-foot bungalow as a starter home in 1992, they thought they would stay for a few years, build some equity and then move to a larger home closer to the core. At the time, their home in the Lynnwood Ridge district of Ogden was "really far away" from the action and bustle of the downtown, but over the years, shopping destinations and several other amenities have popped up within minutes of this secret gem of a neighbourhood. As a result, the couple decided to stay put, making their starter home their forever home.

A new Symons Valley Ranch Market rises from the ashes

A project is underway to redesign and rebuild the Symons Valley Ranch Market, after a devastating fire roared through the historic building and iconic grounds in late January of this year.

"The market had become a real gathering point for the community," said Ken Aylesworth, the market's managing partner.

Calgary homebuilders adapt in the face of adversity

There's no question that demand in the Calgary housing market eased following the collapse of oil prices in late 2014.

The impact of that global event sent shockwaves through the local economy, as thousands of people lost their jobs through two brutal years of recession in 2015 and 2016.

A slowing economy and job uncertainty always have an impact on the housing market, and the city saw a corresponding ease in home demand.

However, Calgary's homebuilders have been resilient and creative.

Movie and television set designer finds picture-perfect lifestyle in Marda Loop condo project

Amanda DuBois loves the walkable lifestyle. So when it came time to purchase her first home, the 25-year-old sought out an inner-city location, close to shops and restaurants. As a movie and television set designer, she occasionally works from home, so an office space was also on the must-have list. She looked at several condos, but was wowed by a 731-square-foot, one-bedroom-plus-den design in Sarina Home's Avenue 33 project in Marda Loop.

Commercial real estate investment represents unique set of challenges and rewards

Investing in commercial real estate could be considered the major league of real estate investment.
The skills required are greater, but so too are the potential rewards.

Greg Kwong, regional managing director for commercial real estate company CBRE in Alberta, says there is really no strict definition of commercial real estate – it can be a major office tower in downtown Calgary, a fourplex apartment building or anything in between.