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March 2016 | Issue 195

The housing market outlook for Calgary this year does seem dire — slumping oil prices continues to check the growth of the local economy, and economic experts predict this downward trend will continue for the rest of the year.


But even in this turmoil there lies opportunity. 


In the Calgary market outlook feature we have from the Canada Mortgage and Housing Corporation (CMHC) that outlines what to expect this year, we also have a sidebar of local developers and home builders to get their opinion on how they think their business will do this year. A lot of them remain busy with projects this year, and there is welcome activity in land development — particularly in the northeast corner of the city where new communities like Cornerstone and Savanna are starting. Cardel Lifestyle just launched their Walden Place development in the southeast and interest for it is surging. Cardel Lifestyle president and partner Tim Logel tells us that there is still a lot of pent up demand for the kind of product they are offering.


Finding your market seems to be the key, and Qualex Landmark seems to have found their, as we focus on their PARK POINT tower in the Beltline in the cover story. We find out the kinds of buyers that this park-side condo is attracting and how this multi-awarded developer is doing to build on that success. 


Elsewhere, in the inner-city we see Grosvenor’s Smith and Avi Urban’s Duke competing in the Beltline with each their own distinct appeal. We also have GLAS from Avalon Master Builder building in the established inner-city community of South Calgary to attract a diverse range of buyers. Then there’s the Gates by Remington Developments that is thriving in its location in the mini-downtown community of Quarry Park. Birchwood Properties is casting far and wide for their market, launching Brand in the Cochrane community of Heartland, while Mattamy Homes is releasing their Village Homes in the northeast suburb of Cityscape. Choices? You bet that choices abound that can fit your lifestyle. And with historic low interest rates, there is plenty of appealing opportunities there to own your home.


We also get to delve into the fun aspects of owning a home, like decorating your bathroom in David Crosson’s STYLE feature, and finding the stuff for it in Kathy McCormick’s bath fixture story in Shopping. Shelley Boetcher also gives us a tour of Bragg Creek in her A Day In … feature. Let’s also extend a warm Condo Living welcome to Bernice Winter — our newest columnist — who will delve into all the intricacies of living in a multi-family setting with the owners’ viewpoint in mind.


Well, 2016 is looking like a tough year for all of us in the home industry. But like a good friend once told me, the only way for the industry to get through these touch economic times is by focusing on its strengths. And there remains to be a lot of strength and resilience in this industry.

In This Issue

History in the making

History in the making

The Guardian is being built in Calgary’s historic Victoria Park community; but it is making…

Read more about History in the making

MORE TO LOVE

MORE TO LOVE

Love where you live is a common mantra in the housing market, but if you…

Read more about MORE TO LOVE

Continuing legacy

Continuing legacy

It is almost impossible to find a developer in the relatively young city of Calgary…

Read more about Continuing legacy

Village life

Village life

Katie is hard to put in a box.

Read more about Village life

Plus...

Condo Living Insider

Grand Openings, Magazine Previews & More...



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