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Calgary's trusted source of real estate news, advice and statistics since 1983.

 

Joshua Ferguson (right) says most people don’t realize how important plumbing is until you don’t have it anymore. Photo by Jesse Yardley / For CREB®Now
News

March 23, 2017 | Max Foley

Pop the question: Joshua Ferguson

Aerial view of downtown High River during the annual River City Classics Show n’ Shine Car show. Photo courtesy Kirk Davis
News

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.


Situated at the south-end of the Peace Bridge, The Concord will offer unparalleled views of the Bow River. Courtesy Concord Pacific
News

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.


With three distinct neighbourhoods, Riversong covers 320 acres with a portion running along the south shore of the Bow River.   Photo courtesy Tamani Communities.
News

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."


News

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.


Rohit Communities takes opportunity to build in areas where amenities already exist. Photo courtesy of Rohit Communities
News

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.


The Orchard project, which features a real orchard between two towers, is more than 50 per cent sold. Courtesy Lamb Development Corp.
News

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.


Maria Rocha Gil and Javier Gonzalez, recently purchased a 2,600 square foot house in Silverado. Photo by Andrea Cox / For CREB®Now
News

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.


News

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.


News

March 09, 2017 | Max Foley

Pop the Question: Don Barrineau

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