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July 2019 | issue 163

Yee-haw is right! This Stampede season there seems to be more to celebrate, especially first-time homebuyers who can now get a helping hand from the federal government in the purchase of their home.


The federal government, through the Canada Mortgage and Housing Corporation (CMHC), just announced the details of the First-Time Home Buyer Incentive that could lower the monthly mortgage payments for qualified new homebuyers. Beginning in September, qualified first-time home
buyers can avail this shared-equity mortgage program that will see the federal government contribute up to 10 percent towards the cost of a home in exchange for an equivalent equity stake in the property.

This is very welcome news that could see the stagnant Calgary housing market start gaining back some ground. According to the CMHC, a family buying a $500,000 home could save as much as $286 per month or more than $3,430 a year.

“Our proposed measures will reduce the monthly mortgage for your first home by up to $286. This will mean more money in the pockets of Canadians and will help up to an estimated 100,000 families across Canada,” says Jean-Yves Duclos, Minister of Families, Children and Social
Development and Minister Responsible for the CMHC.

With more new communities and new home designs coming up in Calgary, that is welcome news, indeed.

That incentive can probably work wonders for buyers looking to get into Trico Homes’ new The Gems Series, which is specifically designed for bigger, multi-generational households. Our cover feature introduces readers to this innovative concept that makes its debut in the community of
Redstone.

We also explore the new community of Wolf Willow by WestCreek Developments that is just getting ready to launch new show homes that offer an affordable riverside lifestyle. We also get the details of Luxuria Homes astounding new show home in Legacy, and the Valentia II is just full of surprises.

This Stampede month, we also thought to bring you some new insights on what to expect at the Stampede grounds this year. Our STYLE writer, Christina Loc, talks about fitting your house in the engaging modern farmhouse décor that really fits the Western theme of Stampede.

Check out my Around Town news column as well to get the low-down on all the new communities and new home related events happening in the city. It’s exciting to see what’s coming down the road.

In This Issue

Finding the Gems

Finding the Gems

Changing times encourages new thinking.

Read more about Finding the Gems

Lasting impression

Lasting impression

Making a good first impression is always important, and when you are a young homebuilder…

Read more about Lasting impression

Riverside dreams

Riverside dreams

Riverside communities traditionally in Calgary have been the domains of big, estate homes for the…

Read more about Riverside dreams

Stampede style

Stampede style

Farmhouse has been on-trend and ongoing for years now. It is a style that elicits…

Read more about Stampede style

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