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June 2015 | Issue 114

A surprising spring

Spring sure sprung a couple of surprises for Calgary this year. Who would have thought the Calgary Flames would do so well this season, much less win an NHL Stanley Cup playoff round? And it was probably the last thing everyone expected, but it has come to pass that Alberta now has a New Democratic Party majority government. Like a wise man once asked: “Whodathunk it?”

Both are Cinderella/underdog stories, to be sure, but how happy you are to hear this depends on whether you’re a Vancouver Canucks fan, or a Tory.

“But how do these unrelated events relate to the local new home market?” you ask. Well, it’s too early to tell what an NDP provincial government may mean to how anything runs in Alberta; but the resiliency of the Flames — now that’s a story that the housing industry can take heart in.

All season long, every expert doubted the Flames will amount to anything more than a bottom-dweller. All year, the analytic numbers say they can’t be doing what they had done — and that’s winning games in some of the most dramatic fashion.

Same way with the new home and condo industry, the numbers all say it’s going to fall, and this year’s housing starts seem to bear just that. But most of the builders we talk to say they’ve been through these cycles several times over and that they remain confident the industry can withstand the challenge.

The way the community of Mahogany is growing shows this kind of resilience. Our cover feature for this lakeside community in the southeast points out a strong demand for this four-season resort lifestyle even as this Hopewell Residential development opens several new show homes. One of these is Homes by Avi, which makes its debut in Mahogany’s Reserve Collection with a couple of beauties, let Aaliya Essa take you on a tour of those. But if anything dispels the talk of doom and gloom in the industry, Mattamy Homes’ new Cityscape show homes would make a great example. On a Tuesday afternoon that we went there to check it out, the sales centre was packed solid with homebuyers closing deals and those looking to get the process started, it’s a very heartening site after all those talks of Calgary’s sliding fortunes in the home market.

We also feature a community profile story on Shawnee Park, Cardel Homes’ new community in the southwest (in partnership with Genstar Developments) and the kind of estate homes they will have there. We also relate in our Around Town section the opening of Symons Gate in the northwest which Brookfield Residential is just about to unveil.

So, all in all, Calgary’s spring may have come in like a lamb — with all the doubt cast on it by slumping oil markets — but it certainly seems to go out like a lion.

We’ll keep you posted on how things turn up next issue.

Pepper Rodriguez
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In This Issue

Hit the beach!

Hit the beach!

Mahogany is a four-season community and life is at its best when you’re enjoying fun…

Read more about Hit the beach!

Delicious by design

Delicious by design

Homes by Avi makes its debut in Mahogany’s prestigious Reserve Collection of homes, presenting a…

Read more about Delicious by design

Rafting in  YYC

Rafting in YYC

With two mighty rivers flowing through our great city, it’s easy for thousands of Calgarian’s…

Read more about Rafting in YYC

Here comes the sun

Here comes the sun

Some argue that Calgary doesn’t actually get four distinct seasons — but I beg to…

Read more about Here comes the sun

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