Up in the air

New B.C. speculation tax could prompt Albertan vacationers to look closer to home for second-property purchases

Scott Henderson has split his work time between clients in the Okanagan and those in his hometown of Calgary for the last 15 years.

Eight months ago, the marketing/communications agency owner got pre-qualified for a mortgage for a second residence in Kelowna. Then, this February, B.C.’s provincial government announced a speculation tax on out-of-province and foreign owners to discourage buy-up of housing by investors who, it claims, leave homes empty and drive up home prices. A homeowner can avoid the tax by living in, or renting out, the home half the year.

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Sustainable splendour

Artesia in Heritage Pointe merges luxury and landscape

Ordinarily, luxury and sustainability are not exactly two peas in a pod. However, Artesia at Heritage Pointe is no ordinary community. Situated just outside Calgary city limits south of the Bow River, the development combines urban and rural living, offering more space to roam, less maintenance and a tremendous sense of community, not to mention spectacular views.

“Our vision is to create a lifestyle community in the Heritage Pointe tradition that functions in tandem with the natural landscape and focuses on sustainability,” said Bill MacDonald, project manager for land development at Heritage Pointe Properties.

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