hospitalThe population of Calgary’s Deep South communities is growing, and with that comes new schools, services and retail stores to support this rapidly expanding part of the city. The communities of Cranston, Auburn Bay, Mahogany, and Seton, New Brighton and Copperfield are seeing new amenities open nearby almost weekly, as their numbers continue to grow. The South Health Campus was the first major project completed. It was the beginning to a massive list of projects.

‘If you build it they will come’ was the line from the movie Field of Dreams. I would say that rather, in this case, people have already arrived, creating the demand for the development of new schools, numerous retail centres, and other amenities such as recreation and entertainment facilities. Take a look...

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What happened, What’s Next?
crystal-ballOur market activity and prices were down from 10 year averages in 2016, and also from 2015, but sale prices are not off as badly as you may think. Real estate is always specific to your community and the product (type of home) you are buying or selling. City wide, apartments were off 15% in sales, but only 1.7% in median price. In other words, it took longer to sell and buyers had lots of choices. This is similar to 2008/2009, and it’s due to the over supply of new units built. Happens in every boom/bust cycle.

Attached homes were off 5.5% in sales and 0.9% in median price. Single family homes were off 2.6% in sales and 0.2% in price. It took 42 days to sell, compared to 38 in 2016. That stat really, really depends on your location. A softer market also...

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