Plans have finally been announced to redevelop Eau Claire Market.

Regina-based company Harvard Developments Inc. has been working with the City of Calgary and other community groups to create a final design for a mixed-use project totalling 2.5 million sq. ft..

"Redevelopment of the market and the property was always the objective from the time Harvard Developments Inc. and its partners made the purchase of Eau Claire in 2005. Our company is 113 years old and we believe in investing in communities and owning and maintaining those assets for the long term.

City of Calgary Councillors will be deciding if 2014's $52 million tax hike will be given back to Calgarians or kept to be used for mitigation projects from future floods.

One of the mitigation projects includes a $10.2 million berm upgrade to the Calgary Zoo to protect it from future floods.

Currently all proposed mitigation projects total $22.7 million, but there is a chance that more projects will arise later.

Canada's real estate market could be in for a "soft landing" according to a report from a global rating agency.

The 12-page report from Fitch Ratings claims Canada's housing market as a whole is "overvalued" with some markets overpriced by as much as 26 per cent.

A small measure of relief is on the way for Calgary renters.

While the city's vacancy rate isn't about to see a dramatic increase in the near future, construction in the long dormant rental sector is on the upswing.

With just 418 purpose-built apartment rental units built in the city between 2006 and 2011, it appears Calgary developers are recognizing the need for more rental properties.

The Calgary Homeless Foundation is planning on building a 30-unit building of affordable housing in the Beltline.

Finding rental vacancies is proving to be a challenge in Calgary, so many people are having a difficult time finding affordable housing.