counting cycles
Bearspaw/Springbank Feature
City’s bike count reveals cycling trends
A8 – A9
transportation A15
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FREE july 18 to july 24 2014 issue 04-28 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca
real estate news from industry experts
y r l a v i r g in west vs. east
l b i s
cody stuart, Managing Editor
West Village redevelopment taking back seat to twin to the east
three part west village series
$520,686
$527,764
$516,447
$516,244
$512,359
$517,234
$524,900
$527,162
$521,887
$510,834
$518,392
$518,452 $496,579
$496,636
$488,311
$492,777 $468,360
$475,272
$478,528
*All statistics based on monthly data compiled by CREB® via MLS® activity.
last week: past
in four towers located above 150,000 square feet of retail space on the existing Metro Ford site. “I think that there’s a migration of dealerships that are leaving the downtown core, no question,” said Metro Ford owner Reg Pattemore, adding the cost of doing business at the current location no longer makes sense. “Quite clearly, the present tax structure is not good for car dealers right now. They’re basing it on best use of land and not necessarily a car dealership.”
west village A3
This week: present
next week: future
CIBC: Travel, contents news briefs emergency market funds top event listing savings list for Canadians municipal
A3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Surrounding towns
A6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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$489,271
$562,382
MLS® AVERAGE PRICE* JUN ‘12 – JUN ‘14
$550,312
SINGLE FAMILY
Matthias Tita
director of local area planning and implementation for the City of Calgary
$554,652
W
ith its eastern counterpart the darling of Calgary’s development scene, the West Village couldn’t be blamed for feeling a bit like a forgotten sibling. Bounded to the north by the Bow River, to the east by 11th Street SW, to the south by the Canadian Pacific Railway tracks and to the west by Crowchild Trail, the area was once envisioned to be a “transit-oriented, sustainable urban community,” yet sits idle as “an auto-oriented brownfield site.”
While City officials maintain redeveloping West Village is still the plan, it remains a distant goal, at least for now. “[West Village] is seen as more of a long-term expansion,” said Matthias Tita, director of local area planning and implementation for the City of Calgary. “We don’t want to dilute the (segment of the) market looking for a downtown neighbourhood that the East Village is (already) creating.” While there have been some changes since the City first laid out its first West Village area redevelopment plan in 2009, including the arrival of the $1.4-billion West LRT line, devel-
$547,871
managing editor
$556,402
Cody Stuart
“[West Village] is seen as more of a long-term expansion.”
opment on the 45-hectare piece of land remains limited, to say the least. The former Calgary Science Centre, having since moved to a new location next to the Calgary Zoo, is slated to become a public art gallery. Other long-term residents such as the Pumphouse Theatre and Mewata Armoury remain local icons. The area is also still home to an array of local business, including, Metro Ford, which has been located at the corner of 10th Street and Ninth Avenue S.W. since 1970. WAM Development Group recently announced plans to construct more than 1,800 luxury residential suites
Toll roads
CREB® STAFF
A
poll by CIBC found more than half of Canadians are saving up for something other than retirement. Breaking down the numbers, key findings in the poll included: 25 per cent of Canadians are currently saving for a trip; 17 per cent are saving for a rainy day and 14 per cent saying for home renovations.
finance A3
mortgage rates. . . . . . . . . . . . . . . . . . . . . . . . . A10 pop the question. . . . . . . . . . . . . . . . . . . . . . . A12 Doug Stone
commercial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A12 provincial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A12 High River housing
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