Doing the right thing

Canmore’s Spring Creek uses geothermal to lessen its environmental footprint

As the Alberta government doubles down on solar power alternatives through policy and rebates, some wonder if geothermal will also receive the same kind of attention.

Frank Kernick, developer of Canmore’s multi-million-dollar Spring Creek hopes the provincial government will help offset geothermal installation costs through a rebate program, similar to the Residential and Commercial Solar Program.

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Ticking all the boxes

Canmore’s Spring Creek aims to give seniors care options in a resort-like setting

Having to leave your home and the community you love, when it comes time to downsize or when you need extra care, is one of the worst things about aging.

While even the most grandiose new communities try to tick all the boxes that allow aging in place – like live/work units, mixed-use services, and a range of options from affordable to luxury single family and mutli-family homes – not all can claim to package those choices in a walkable, resort setting.

However, a 70-acre development in the mountain village of Canmore, is checking off every one of those uses in what is a “legacy” project for developer Frank Kernick.

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Canmore tackles affordability

Three companies to submit RFPs for Moustache Lands

The “moustache” that lies at the entrance to Canmore from Calgary will soon boast a residential development designed to alleviate the mountain resort town’s lack of affordable, available housing.

The four-acre (1.6 hectare) site — known as the Moustache Lands because the property is composed of loops created by the interchanges off the TransCanada Highway — is owned by the municipality, which has now shortlisted three potential developers to respond to a Request for Proposal (RFP).

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The many faces of rec

Out-of-town property market continues to evolve

Canada’s recreational property market continues to transform itself, most recently the beneficiary of record-low interest rates, a new wave of retiring baby boomers and a favourable exchange rate, according to a recent survey.

The 2016 RE/MAX Recreational Property Report, which surveyed RE/MAX agents and brokers, noted the low Canadian dollar is having a positive effect on the country’s recreational property markets. Canadians, mainly boomers, who bought properties in the U.S. when U.S. real estate prices were comparably low are selling them at a profit and investing in Canadian recreational markets, it said.

The RE/MAX survey signaled out Canmore and Sylvan Lake as two of Canada’s top recreational property destinations. It noted retirees seeking an active lifestyle continue to be an important driver of demand in Canmore, where the median price (May 2015 to April 2016) was $533,090.

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