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March 23, 2017 | Marty Hope
Reinventing High River
Hard work and resilience has turned High River into a reinvigorated, thriving community
There were doubters, those who believed High River couldn't possibly survive the devastation of the 2013 flood.
Well, they're being proven wrong.
"The town utilized a 'build it back better' mentality," said Jodi Dawson, the town's manager of economic development.
After spending more than $100 million on flood mitigation to protect new and existing residents and businesses, High River is back a bit bigger, and definitely better, than before.
March 30, 2017 | CREBNow
The height of luxury
Vancouver-based developer encouraged by uptick in luxury home sales
Vancouver-based developer Concord Pacific says it is encouraged by the Calgary market. Sales of its Eau Claire luxury condo tower, The Concord, have hit 67 per cent.
"It's coming out of the ground. We're pouring the P1 (parking) level and you have to understand that this parkade has never been done in North America by anybody. Nobody has ever done nine-to-13-foot ceilings on four levels of parkade. This is a unique situation," said Grant Murray, senior vice-president of sales for Concord Pacific.
Murray says that coupled with the flood mitigation work that took an extra year to design into the base of the building, it was pivotal to do it right. By Easter, he says, they should be at podium level and the completion is expected to be December 2018.
March 30, 2017 | Marty Hope
The song of the river
Tamani Communities hopes small-town lifestyle and nature's grandeur will bring new buyers to its Riversong development
There's nothing like good economic news – and maybe a strong hint that winter is finally melting away – to draw home shoppers out of hibernation and into show homes.
Cam Hart, vice-president of Riversong developer Tamani Communities, says there is a different attitude among those visiting show homes in Riversong on the south side, within the town boundaries of Cochrane.
"We definitely see a more positive outlook going into this year than at the beginning of 2015 and 2016," said Hart. "And as the local and regional economies continue to stabilize and improve, we believe we'll see more buyers."
March 09, 2017 | CREBNow
A Transition in the Making
Detached sales activity boosts February housing market
After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market.
February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.
As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing.
March 02, 2017 | Marty Hope
Exploring the Savanna
Edmonton's Rohit Communities see opportunity for growth in Calgary's northeast
An Edmonton-based housing and land development company making its initial foray into Calgary sees opportunity for growth as the city's struggling economy continues to strengthen.
This summer, Rohit Communities will begin construction of 110 townhouses, named Essential Savanna, on 3.6 acres in the master-planned northeast community of Savanna by Genstar Development Company.
Possessions are expected to begin early next year, said David Allen, regional manager for the Calgary division of Rohit Communities.
March 23, 2017 | Barb Livingstone
Get ready for liftoff
Major condo developer is making big investments in the Calgary and Edmonton markets
This year, Brad Lamb will finish one condo project and start construction on another, while purchasing two other substantial parcels of land in Calgary's downtown core.
To say the Toronto developer, president of Lamb Development Corp., is confident in the city – and Alberta's real estate future – may be an understatement.
Lamb has been a fixture in the real estate industry for 30 years. His company has more than 20 projects, worth an estimated $2 billion, in various stages of development in five cities – Calgary, Edmonton, Toronto, Ottawa and Hamilton.
March 23, 2017 | Andrea Cox
Making it home
New homebuyers modify Baywest blueprint with the stroke of a pen
When CREB®Now caught up with Maria Rocha Gil and Javier Gonzalez, they were in the process of doing a final walk-through on their new home. They chose a 2,600 square foot, two-storey home by Baywest Homes in Silverado's Dressage, a southwest community adjacent to Spruce Meadows.
The home is situated beside a landscaped park with flower gardens across from Silverado's new elementary school. The couple, who are in their mid-30s, are expecting their first child in July and are excited to move in and get organized before their bundle of joy arrives.
March 09, 2017 | Andrea Cox
Buyer Profile: Mariam Usman and Usman Noman
Living close to family and friends makes all the difference for Calgary couple
Mariam Usman and Usman Noman are living the Canadian dream. Usman immigrated to Calgary from Pakistan with his parents and siblings ten years ago when he was in his early twenties. Now in his early thirties, he's worked hard, saved money and married Mariam, who is also from Pakistan. The couple has three children, a boy and two girls, aged three, five and seven. Looking for more space for their young family, the couple recently purchased a new four-bedroom home. Located in Genstar's Savanna, the new home was built by Excel Homes.












