On Feb. 25, the City of Calgary is reporting back to residents on changes to the proposed Currie Barracks redevelopment following public engagement sessions held last year.

"We heard what citizens had to say about the proposal, now we want to let the public know how its feedback was used, what has changed in the application and what will be included in the recommendation to Calgary Planning Commission," said Craig Sklenar, senior planner with the City's Planning Department.

City council voted 9-5 against a motion by Coun. Peter Demong that would've frozen Calgary's public art budget.

Demong made the motion stating among other things, the economy has been impacted by low oil prices and considering the Public Art Policy allocates up to $4 million from any single capital project that all funds, that those funds "not expended by public art during this time frame be tabulated and that administration return to council with recommendations for projects that could be funded with this revenue."

Savvy buyers seeing increased opportunities
With oil prices still low compared to several months ago, real estate investors might be  inclined to wait on the sidelines to see what happens. Yet that hasn't happened.

Instead, investors are salivating at the increased selection of revenue-producing properties coming to market and selecting the best ones to add to their portfolios.

Take, for example, a set of clients who were dipping their toes into the world of real estate investment when they attended Mortgage360's first Cash Flow Club meeting earlier this year.

Acreages provide room for growth, rural sense of community

For more than two decades, Ray Howell has lived "free" on an acreage west of Calgary.

It's a freedom that Howell doesn't take lightly.

"I enjoy the opportunity to do what I want, within reason," he said, noting the added benefits of raising children around animals, plus the smaller student-to-teacher ratio at school.

"We have a large garden and have had many animals throughout the years. Overall, you have more freedom to do what you want."

Composting pilot project sees early success

In 2012, Calgarians threw out more than 214,000 tonnes of garbage into local landfills.

More than half that garbage was in the form of food and yard waste that could have otherwise ended up as compost, said the City of Calgary, which is now entering the third-year of a Green Cart pilot project in four Calgary communities testing the impact of a food and yard waste diversion program.

Since its inception, the City's Green Cart project has collected and composted more than five million kilograms of material from the 7,500 participating homes, reducing the total amount of garbage collected in the four communities by 40 per cent.

Longevity key to housing market during oil price recovery: CREB

It's still too early to tell how Calgary's resale housing market will respond to recent gains in the price of oil, said CREB® chief economist Ann-Marie Lurie.

"We have to see how long – if [oil prices] continue to move up, how much it moves up, when it stops ... That's what we're looking for. So it is still too early," she said.

After significant declines starting in October, oil prices started to see some improvements recently before another slight drop this week. West Texas Intermediate, a U.S. grade of oil used a benchmark for North American oil prices was just over $53 US a barrel this week after dropping to near $40 earlier this year and is off 43.32 per cent compared to the same time last year.

City looking into laneway housing as a residential option for Calgarians

While Calgary council's stance on secondary suites remains at a stalemate, laneway housing is being touted as a potential solution to ongoing housing shortages in the city.

Laneway houses are self-contained living spaces consisting of a bedroom, bathroom and kitchen located within or on the same property as a detached home.

Suites could be detached secondary suites located in the backyard or adjacent to the alley of a home.
Calgarian Lesley McLaughlin lived in an above-garage suite in the southwest community of Rosscarrock for two years.