The master-planned vision for Calgary's East Village revitalization, launched in the mid-2000s, is becoming a living, breathing reality, now more than ever.

Alain Dupere has lived in East Village since 2011. He's watching the transformation happen one day at a time, observing the changes while he walks to and from work. Dupere, who is also president of the East Village Neighbourhood Association, says that although the area is still under construction, its vibrancy is increasing as more buildings become move-in ready and amenities continue to pop up.

"It's a great place to live and to visit. Anyone can use the amenities in our neighbourhood," he said. "It's becoming a destination for the greater Calgary (area) and beyond, and that's a nice thing."

Some might believe that the excitement around this developing community, and the desire to live and work there, are new phenomena. But according to Harry Sanders, Calgary's former historian laureate, it's not far off from the activities of the space over a century ago, when non-indigenous people first arrived in the area often referred to as the "birthplace of Calgary."

The construction machinery sprawled across a whole city block in Calgary's East Village tells a retail success story.

The 5th and Third development (named for its location at Fifth Avenue and Third Street S.E.) is being constructed and leased by RioCan. The project is two-thirds of the way towards completion and on schedule to open in 2020, says Terri Andrianopoulos, RioCan's national vice-president of marketing and communications.

For many people, buying a first home is an exciting, but stressful, experience. CREB®Now spoke with a few members of Calgary's business community to find out what it was like making that first big investment in their lives.