Industrial real estate market hopes to maintain momentum in 2018

When it comes to the Calgary commercial real estate market, downtown office space grabs all the headlines.
Just like in sports, where star players occupy the limelight and grinders are often overlooked, the struggles of the downtown office market continue to dominate discussions of commercial real estate, while the industrial sector has quietly weathered the economic storm over the past three years.

Navigating the road to rural living

Dave Mahlow grew up on an acreage, and knew he wanted to return to the rural lifestyle, even after living in Calgary with his wife Kathy for many years. Last June, the couple made the move, purchasing a 12-acre property near Millarville.

"We wanted to get away from the city and enjoy the peace and quiet," said Mahlow.

Unique Upper Mount Royal "castle" house continues to generate buzz

In most instances, the saying "a man's home is his castle" isn't meant to be taken literally.

But for those familiar with one rather imposing dwelling in Calgary's Upper Mount Royal neighbourhood, the saying couldn't be more apt.

As expected, Calgary sales activity similar to last year

The new year opened predictably, with monthly figures close to the Januarys of the past three years.

With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.

The games are gone, but its legacy lives on

While the Olympic flame may be long extinguished, warm memories and many benefits of the 1988 Winter Olympics in Calgary are alive and well 30 years later.

"The best thing about the Olympic experience was the forethought that went into its legacy," said Dale Oviatt, senior manager of communications and stakeholder engagement for WinSport.

On Sept. 30, 1981, WinSport, formerly known as the Calgary Olympic Development Association (CODA), successfully won the bid from the International Olympic Committee for Calgary to host the XV Olympic Winter Games in 1988.

High River and Okotoks are burgeoning film hubs

Even for those who don't watch CBC's family-drama series Heartland – now in its 11th season – the town of High River has become synonymous with the show.

"Heartland has become a part of the community," said Irene Kerr, the curator and director of High River's Museum of the Highwood. High River poses as the town of Hudson on Heartland. One of the show's most well-known locales, Maggie's Diner, is a building right along High River's Main Street.

"We noticed a shift around 2015, when people who were visiting High River stopped asking about the 2013 flood and wanted to see where they were filming Heartland," said Kerr.

Calgary region has rich history and bright future on film

You're watching a movie or TV show when something catches your eye.

"I know that place!" you exclaim, as a character enters a pizza place on a city street, or rides a horse through a wheat field with a majestic mountain backdrop.

Calgary and its surrounding areas are becoming increasingly popular as filming locations for major movie and television productions – making famous places that Calgarians know well.

"We have 100 years of history here," said Luke Azevedo, Calgary film commissioner and CEO of the Calgary Film Centre. "We're one of the oldest locations outside of Hollywood for production."

CMHC report includes interesting findings on prospective homebuyers

Many companies and organizations release survey results to the public regularly. Because there are so many reports to sort through and they are often self-serving, they often get ignored by the media.

However, every so often, interesting or significant findings fly under the radar, especially in the real estate industry.
A notable example of this was the recent 2018 Prospective Home Buyers Survey by the Canada Mortgage and Housing Corp (CMHC).