West Village redevelopment taking back seat to twin to the east

With its eastern counterpart the darling of Calgary’s development scene, the West Village couldn’t be blamed for feeling a bit like a forgotten sibling.

Bounded to the north by the Bow River, to the east by 11th Street SW, to the south by the Canadian Pacific Railway tracks and to the west by Crowchild Trail, the area was once envisioned to be a “transit-oriented, sustainable urban community,” yet sits idle as “an auto-oriented brownfield site.”

While City officials maintain redeveloping West Village is still the plan, it remains a distant goal, at least for now.… Read More

Sibling rivalry is a post from: CREBNow

May sales activity highest ever recorded for Calgary

There were 2,948 sales in Calgary in May, a 16 per cent increase compared to the same time last year.

The numbers are the highest recorded in Calgary for that month, ever.

“Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages,” said Ann-Marie Lurie, CREB’s chief economist.… Read More

May day is a post from: CREBNow

New listings improve for all product types in the city

Following a slow start to the year, improved weather and price gains supported new listings growth.

New residential listings in April totaled 3,754 units, an eight per cent increase over the previous year. Meanwhile sales activity totaled 2,545 units for the month, a seven per cent increase over April 2013.… Read More

Price gains encouraging new listings is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

CREB’s first female board director discusses her life and her craft

Grace Turley was never one for barriers.

As a small child she would escape her family yard in order to explore the surrounding town of Ochre River, Manitoba. That sense of curiosity would lead her to the world of real estate years later when she settled with a family of her own in Calgary.… Read More

Ninety-nine and counting is a post from: CREBNow

The City released the 2014 Civic Census results yesterday. Mayor Naheed Nenshi announced Calgary had its biggest year of growth ever increasing by 38,508 residents to 1,195,194 total.

Here’s a few of the things the mayor had to say about the census:

“Calgary experienced this year, its greatest single year of growth in population, as a matter of fact in my time in this job we have experienced three of our four largest years of population growth.”

“As you all know, the long term goal under the MDP (Municipal Development Plan) is to have half of development in existing parts of the city and half in new areas of the city.

… Read More

In Quotes: 2014 Civic Census is a post from: CREBNow

The City is seeking public input Oct. 28, on a proposal from Canada Lands Company to change the type of development allowed on the east side of Currie Barracks.

If approved by council, the proposal would allow for a medium-density mix of retail, office and residential developments including a network of open spaces and pathways while preserving key aspects of the areas military history.… Read More

Currie Barracks development open house is a post from: CREBNow

Here is your Morning News Rundown for Monday, Dec. 8:

Residents question plan to sell land set aside for interchange – Calgary Herald

Canada’s housing starts jump most in 7 months – Financial Post

Morning News Rundown is a post from: CREBNow… Read More

Morning News Rundown is a post from: CREBNow