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January 2016 | Issue 121

Winter is coming

We don’t need Game of Thrones to remind us that winter is coming, in fact, it’s probably here by the time you read this. The winter chill is probably felt even more in Calgary’s housing industry that has noticeably slowed down from the breakneck pace of the last few years.

Economic forecasts in 2016 predict that Calgary will remain in a prolonged economic slide and its housing industry will remain soft for the year with a slight growth projected only in 2017. With oil prices remaining low and our Canadian dollar not fairing any better, it’s a situation a lot of new Calgarians are unfamiliar with. But not all hope is lost.

There remains to be some strength in the industry. For one thing, land developers continue to launch new communities that speak volumes of their confidence in the market. There’s the new Harmony in Springbank by Bordeaux Properties and Qualico, and Genstar Developments has a bunch in the pipeline, including Savanna and Carrington — read Marty Hope’s column to find out more about them.

Our cover feature on Brookfield Residential’s Riverstone of Cranston reminds us that, down times or not, it’s best to focus on the strength of your product. And, boy, does Riverstone have a lot of strength to rely on — its closeness to nature on the edge of Fish Creek Park, and nearby big city amenities continue to make it prime residential property.

The latest show homes by Stepper Homes in another new community of Kinniburgh South in Chestermere; Cedarglen Homes in Auburn Bay; and Homes by Avi’s latest in the aforementioned Harmony, shows everyone the design strength inherent in the industry and how they blend style with functionality to the buyers’ advantage. New show homes will be opening throughout the year in these and many other communities and that is one thing we at New Home Living always look forward to.

The 2016 Homexpo is another thing we can all look forward to in January with HGTV celebrities Sarah Richardson and Tommy Smythe gracing the event. Our theme for this issue of relaxing at home is carried through by David Crosson’s Style feature on creating a reading nook for your home, Aaliya Essa’s photoessay on ottomans and beanbags, and the Shopping feature on fireplaces — there are new easy-to-install and portable models that make sense even for condos.

There is still much to celebrate this season, despite the somber housing market numbers, and even if 2016 looks like a tough go, there is a glimmer of growth beyond. Regardless, New Home Living will be there to show you what’s new and fresh in the market.

Pepper Rodriguez
Editor

In This Issue

Riverside reverie

Riverside reverie

Driving down Cranston Avenue on the gently sloping escarpment that marks this southeast neighbourhood, the…

Read more about Riverside reverie

Estate on the range

Estate on the range

The rolling grasslands of Springbank, just west of Calgary, does inspire one to belt out…

Read more about Estate on the range

Advice from the experts

Advice from the experts

Let’s face it, when you buy a new home your budget will probably be fairly…

Read more about Advice from the experts

Readers’ corner

Readers’ corner

Whether you prefer to scroll through a Kindle edition or turn a physical page, having…

Read more about Readers’ corner

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