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March 2016 | Issue 123

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. 


Even more exciting is the release of the long-awaited premium ridge lots in Legacy, which we talk about in our cover feature. The luxury estate homes on this pristine escarpment perfectly encapsulate the lush natural wonder of the Pine Creek Valley. 


Finding your market seems to be the key, and Hopewell seems to have found theirs, as we focus on their paired homes in Mahogany. A modern twist on the old duplex concept, paired homes present a nice marriage between a townhome and a single-family house.


In the new master planned community of Harmony in Springbank, we find the latest STARS Lottery grand prize home from Augusta Fine Homes. After all, what better way is there to bring interest to this new golf and lake community just outside Calgary than with a $1.45 million lottery grand prize home? And the stellar job that Augusta did with the 3,0000-plus-square-foot Custom Callaway show home does not disappoint.


We also check out Brookfield Residential’s latest endeavour, as they make their presence felt with a bunch of new show homes in the family-friendly community of Fireside in Cochrane. This is the first time that Brookfield is offering homes in this western heritage town, and they bring their most popular designs to the fore.


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. Jim Zang also talks about how the City of Calgary is making it easier than ever to  apply for construction of a secondary suite in your home.


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

Ridge love

Ridge love

Ever since the community of Legacy was conceived, everyone has been hotly anticipating when houses…

Read more about Ridge love

Paired homes a popular option

Paired homes a popular option

When you win Calgary’s Community of the Year award three straight years, people notice. When…

Read more about Paired homes a popular option

Fixture fixation

Fixture fixation

Bathrooms are making a big splash in new homes today. In fact, most people dwell…

Read more about Fixture fixation

Family ties

Family ties

The pristine and picturesque beauty of the prairies is plainly evident in the neighbourhood of…

Read more about Family ties

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