Bucci Developments continues commitment to the community with Radius

Radius has risen in Bridgeland, with less than a year remaining before homeowner occupancy.

And demonstrating its continued faith in the inner-city neighbourhood, builder Bucci Developments is already at work on another proposed mixed-use project.

The roof has been placed on the seven-storey, 201-unit Radius, and cabinets and floorings are now going in, says company vice-president Mike Bucci.

"We took a risk pulling the trigger on construction" during the downturn, he says, but it will be worth it at the end of the day.

Redevelopment projects lead to new communities in established areas

Most people think of new communities as being on the outskirts of the city, often in areas where amenities like shopping and schools are still lacking.

But there are a growing number of new communities springing up in well-established areas of Calgary, as redevelopment occurs on lands once used for non-residential purposes.

Prices remain stable compared to last year


As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market.

First quarter sales totaled 3,423 units, nearly 18 per cent below last year's levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above four months.

City eyes the future with 17th Avenue facelift

Whether you're a person or a stretch of pavement, 30 years of hard labour can take its toll. When you're as heavily travelled as 17th Avenue S.W., the effect is multiplied. That's why the City of Calgary, armed with a $44 million budget, is giving much of the area a facelift. From Macleod Trail to 14th Street S.W., the City is upgrading utilities, rebuilding the road and improving pedestrian areas to pave the way for future use.

"This began as simply a road construction project," said Ryan Murray, a spokesperson for the City of Calgary's transportation department. "After 30 years, it was time to dig down and rebuild the foundation of 17th Avenue. We decided that while we were down there, we should make the most of it by upgrading old utilities and rebuilding the road."

Calgary housing market prices hold, but sales fall

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1,094 units in February, 18 per cent below last year's activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.

RESOLVE affordable housing initiative approaches successful conclusion

What do I want, you ask so innocently.
I want a HOME, as many of you have.

These lines come from a poem written by 67-year-old Anne Cartledge. "I use all capital letters when I write the word 'home,' because that's how important it is," she said.

Plagued with severe arthritis and fibromyalgia that left her unable to work, Cartledge first survived on AISH (Assured Income for the Severely Handicapped) and, now, on her Old Age Security pension.

Though Cartledge describes herself as a "frugal shopper" and "good at the scrounge routine," she also admits, "I am part of the circle that if I didn't have subsidized housing, I'd be living on the street."

City of Calgary report provides estimates for short-term growth in city's suburbs

What's Calgary going to look like in the next five years when it comes to growth and the housing market?

The City of Calgary's Suburban Residential Growth 2017-2021 report sheds some light on where the city is headed in terms of population and housing growth over the short term.

The draft document is an interesting one, and it serves as a starting point of discussion as the City looks to sustainably increase its footprint.

Plans for Anderson Station transit-oriented development approach final approval

A new outline plan and land use application for the lands surrounding the Anderson LRT Station was approved at the Calgary Planning Commission in February and will now go before city council on April 16 for final approval.

Doug Cassidy, director of real estate and development services for the City of Calgary, said Anderson Station has many characteristics that make it viable as a transit-oriented development (TOD) site.

Study finds major Canadian cities have room to improve when it comes to densification

Densification is a buzzword now in the real estate industry, and it's certainly on the minds of many policy makers in cities across Canada, including Calgary.

If you travel to cities around the world, you will see firsthand how the other half lives, so to speak. More people are living close together in those global cities.

Ring road construction accelerates plans for new Richmond-Sarcee interchange

Plans for a $106-million interchange at Richmond Road and Sarcee Trail are taking on added importance as construction continues along Calgary's southwest ring road.

Residents of surrounding communities, and the area's city councillor, want the interchange plan to be funded and built in time to handle traffic when the ring road opens around the end of 2021.