Crebnow nov 18,2016

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VERTICAL FARMING

Foreign buyers

How new LED lights can help growing potential

Round table discussion on investors’ interest in Calgary

DONNA BALZER A6

Ted Zaharko

1986 CREB® President

A7

A5

FREE nov 18 to nov 24 2016 issue 06-45 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

real estate news from industry experts

NEXT STOP: YORKVILLE New southwest community by Mattamy to house up to 12,000 people

The northern boundary of Mattamy’s Yorkville will be at 194th Avenue (the southern limit of the existing Silverado community). It will also be bordered on the east by Sheriff King Street, on the south by 210th Avenue, and on the west by Spruce Meadows Way (yet to be extended). With the growl of heavy equipment still a few months away, MARTY HOPE Mattamy is currently waiting for for creb®now engineering and construction drawings to complete their rounds at City Hall. Barrineau anticipates that will ome spring, the landscape of occur before year-end. Calgary’s deep southwest will When approved, development will be undergoing another change, occur over two main phases. The first this one being sculpted by Mattamy 130 hectares will see Mattamy partnering with Ronmor Developments Homes. Inc., a Calgary developer of retail With the snow gone, grading and properties and inclusive residential storm pond construction is expected neighbourhoods. The remaining 65 to get started on the new community hectares will be of Yorkville, brought to the located over market solely more than 190 by Mattamy at a hectares along later date. the southern Expected to boundary of be completed Silverado and within the moving further next decade, south and west. Yorkville will be While the similar in size name Yorkville to Mattamy’s will pay homage Cityscape to the affluent community Toronto suburb in northeast that was breedDON BARRINEAU ing ground Calgary, with MATTAMY HOMES PRESIDENT to some of approximately Canada’s most 4,000 housing decorated music and literary talents, units that will be home to as many as Mattamy maintains the Calgary incar12,000 people. nation will be quite different. Housing types are expected to “In that sense, we won’t be anything evenly split between single- and like Toronto’s Yorkville,” said Don multi-family options. Barrineau said Barrineau, president of Mattamy single-family products are projected to be priced from $500,000 to Homes’ Calgary division. “At the same $700,000 with multi-family rangtime, though, we do liken this community to Toronto’s because of the ing from about $200,000 to the low dedication to the level of walkability $400,000s. we will create with parks, paths and First possessions are expected green spaces, and the blend of residenwithin the next 18 months. tial and retail elements it will have.” “In all, the first phase in the north-

C

PHOTOS COURTESY MATTAMY HOMES

‘‘

THIS IS A HUGE DEAL FOR US. THIS IS A MASTER-PLANNED COMMUNITY THAT WE WANT TO BRING ALONG THE RIGHT WAY.”

$438,900

$440,400

$440,200

$440,000

$440,400

$439,700

$441,000

$442,800

MLS® BENCHMARK PRICE* OCT ‘14 – OCT ‘16

$445,000

$447,800

$452,800

$454,800

$457,400

$459,300

$459,300

$459,100

$459,300

$457,800

$456,700

$458,900

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$462,400

$461,700

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east quadrant will hold about 300 lots and will have both singlefamily and some multi-family homes,” said Mattamy vice-president of land development Collin Campbell. Future community plans will include school sites and pathways, as well as a central node with twin ponds and parks developed to further enhance nearby mid-rise residential buildings.

OCT14 NOV14 DEC14 JAN15 FEB15 MAR15 APR15 MAY15 JUN15 JUL15 AUG15 SEP15 OCT15 NOV15 DEC15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16 SEP16 OCT16

$462,800

CITY OF CALGARY

Pictured top, Mattamy Homes Calgary division president Don Barrineau, left and vice-president of land development Collin Campbell say plans for Yorkville call for a blend of walkability, residential and retail.

In some respects, Barrineau believes Yorkville is different to other communities and neighbourhoods Mattamy has undertaken in and around Calgary since arriving in 2009. “This is a huge deal for us. This is a master-planned community that we want to bring along the right way,” he said. “We want to give consumers what they want, want it to be attrac-

HOME PRICES INCREASE SLIGHTLY IN OCTOBER: TERANET CREB® STAFF

YORKVILLE A3

CONTENTS MUNICIPAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2 Seniors’ centre

TRANSPORTATION. . . . . . . . . . . . . . . . . . . . . . . . . . A2 Ride sharing

NEWS BRIEFS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 MUNICIPAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4

A

ccording to Teranet’s National House Price index, Canadian home prices were on the rise in October. The National Bank National Composite House Price Index, which is calculated by tracking observed or registered home prices over time showed the was up 0.3 per cent from the previous month, slightly more than the average October rise of 0.2 per cent since the series began in 1999.

*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.

tive and want it to meet our already high standards of quality.” Barrineau added consumers are going to see new designs and floor plans from Mattamy in Yorkville that have come about through research and partly through consumer preferences for home styles and designs.

MARKET A3

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Crebnow nov 18,2016 by CREB®Now - Issuu