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December 2015 | Issue 120

Christmas wish

With the recent spate of job cuts resulting from the falling oil prices, and the economic slowdown that comes with it, you’d think Calgary was on Santa’s bad list. And, my Christmas wish for a better year ahead may be wishful thinking at this point. The Canada Mortgage and Housing Corp. (CMHC) says things don’t look any brighter in Calgary’s home market in 2016. Jim Zang’s housing forecast story in this issue says that relief will not come until 2017. But even in these depressed market, there remains glimmers of strength and growth.

Our cover feature on Mattamy Homes newest development, Carrington, provides some of that hope. This is the second community in Calgary to be developed by North America’s largest privately owned home builder, and looks to bring more of Mattamy’s popular family-friendly style to the city. Construction has started and new show homes will likely be opened by next year.

In fact, this northwest community is just one of several that have recently started, including Cornerstone by Walden Developments in the northeast, and University District in the northwest, and Harmony over by Springbank. Then there is Watermark at Bearspaw by Macdonald Developments that has certainly been very successful through this down market, selling 13 homes each over the $1.2 million mark this year. Find out more about it in our Community Profile this issue.

We also turn the spotlight on two out-of-town show homes this month — one by Timber Creek in Okotoks, and the other by Excel Homes in Cochrane — that demonstrate the continued strength of new single-family homes market in Calgary’s outlying communities. This is our Christmas issue, and we do have features that help celebrate the joyous season. From Aaliya Essa’s Christmas ornament photo feature in Focus On; to Kathy McCormick’s stocking stuffer guide in Shopping; and David Crosson’s holiday entertainment décor tips in Style; we have your holiday needs covered.

From all indications, the coming year will likely test Calgarians’ resilience even more, and the housing sector will likely be tested again. But industry leaders remain confident that smarter growth initiatives are the way to survive and thrive in these trying times. We’ll be there to let you know how it goes. Merry Christmas, everyone!

Pepper Rodriguez
Editor

In This Issue

Connected to life

Connected to life

The frenetic life we lead in the second decade of the 21st century can indeed…

Read more about Connected to life

Homes of the heartland

Homes of the heartland

Living in the countryside brings calm to our lives, offering a rare connection to nature…

Read more about Homes of the heartland

Untroubled waters

Untroubled waters

Watermark at Bearspaw was always going to be special, now everyone knows just how special.…

Read more about Untroubled waters

Festive fun

Festive fun

Be your focus religious or secular, however you celebrate the festive season it’s safe to…

Read more about Festive fun

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