Crebnow sept 16, 2016

Page 1

FIRST-TIME HOMEBUYERS SPECIAL FEATURE Marlene Swinton

See special insert inside

2001 CREB® President

A5

FREE sept 16 to sept 22 2016 issue 06-36

real estate news from industry experts

editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

EVENT HORIZON University District touted as ‘once-in-a-lifetime opportunity’ BARB LIVINGSTONE for creb®now

I

t is the urban employment hub of northwest Calgary. And now, with a projected influx of 6,000 new residences over the next 15 years, the new University District community is slated to become the quadrant’s residential core. The first two housing developments just launched in the District — Ivy by Brookfield Residential and Noble by Truman Homes — will be uniquely positioned in the 81-hectare project between two hospitals (Foothills Medical Centre and Alberta Children’s Hospital) and the University of Calgary, for potential buyers.

“There has been significant interest in the surrounding population, with people looking to downsize,” said James Robertson, president and CEO of the West Campus Development Trust, adding communities around the development have been extremely supportive of the District vision. And, with 20,000 to 30,000 people already employed in the area, he said the new neighbourhood will have the advantage of buyers who want to live closer to their work. “We have seen that already in other areas like Quarry Park and Seton,” said Robertson. The West Campus Development Trust was created by the University of Calgary to develop the lands west of the campus and north and south of

CITY OF CALGARY

‘‘

THERE HAS BEEN SIGNIFICANT INTEREST IN THE SURROUNDING POPULATION, WITH PEOPLE LOOKING TO DOWNSIZE,” JAMES ROBERTSON

PRESIDENT AND CEO, WEST CAMPUS DEVELOPMENT TRUSH

Children’s Hospital, in a public-private partnership. Profits will go back to support future university initiatives. University District will only offer multi-family housing — “there are a lot of single family options already around it” said Robertson — with the

U niversity District, to be located on 81 hectares of land between two hospitals and the University of Calgary, will appeal to buyers who want to live closer to work.

master-plan vision to develop a walkable community connecting homes with public spaces and services. In fact, Robertson said conversations are underway that could lead, in early 2017, to an announcement of a grocery store, hotel and main street retail for the community. The project will not only have amenities and services within. It will also link into the considerable recreational (including Olympic facilities, gyms, pools), cultural and community amenities afforded by its location adjacent to the university. University District – whose lands have views of mountains, the

Bow Valley Corridor and Canada Olympic Park – has already earned LEED (Leadership in Energy and Environmental Design) platinum certification — the largest residential development in Canada to do so. LEED awarded the district its highest designation for excellence in location, design and green building. The work-live community design includes protection of wetlands and habitat, and recreational spaces that connect to transit (including LRT), as well as bike and pedestrian paths.

UNIVERSITY A3

ALBERTA CONTENTS RESIDENTIAL NEWS BRIEFS CONSTRUCTION MUNICIPAL DIGITAL DOWNLOW SLOWS IN AUGUST WEEKLY FEED

MLS® TOTAL SALES* AUG ‘14 – AUG ‘16

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A6

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1567

1746

1923

1764

1588 763

879

1127

1263

1421

1643

1995 1448

1217

AUG14 SEP14 OCT14 NOV14 DEC14 JAN15 FEB15 MAR15 APR15 MAY15 JUN15 JUL15 AUG15 SEP15 OCT15 NOV15 DEC15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16

880

1082

2028

Voice recognition

2184

2190 1782

1779

1957

2145

2146

2263

Doors Open YYC

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

CREB® STAFF

EVENT LISTING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6

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MORTGAGE RATES. . . . . . . . . . . . . . . . . . . . . . . . . A11

ousing starts in Calgary were up in August, trending at 8,999 units compared to 8,736 in July, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six -month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.

CONSTRUCTION A3

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POP THE QUESTION. . . . . . . . . . . . . . . . . . . . . . . A11 Bee City Canada

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