A community divided

Lakeview ring road letter drives controversy

It sounded innocuous at first: a letter from the Lakeview Community Association to the province and the City of Calgary to reconsider plans for a portion of the Southwest Ring Road that would link the neighbourhood to a Tsuut’ina development. If you’re wondering what could possibly go wrong, the answer is just about everything.

The letter was prompted by concerns that some Lakeview residents expressed about increased traffic that might come with the new $4.5-billion development planned for the Tsuut’ina First Nation. The development would include retail, residential and entertainment elements, and at least one access point at the 5600 block of 37th Street S.W.

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The worst is over

Economic growth forecasts paint cautiously optimistic picture for Calgary housing market

Calgary’s housing market lives and breathes based on the whims of the city’s overall economy.

While the city had an impressive gain of 6.9 per cent in economic growth in 2017 compared to 2016, according to the Conference Board of Canada, the economic engine will slow down this year and in 2019.

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Making a splash

Newport in Canal’s Landing offers affordable townhomes in Airdrie’s premiere water-focused community

If you’ve been searching for a beautiful and affordable townhome in the heart of an established community, look no further than the picturesque community of Canal’s Landing in Airdrie. On June 23, Genesis Builders Group is hosting a grand opening for Newport, its latest offering in the community.

“Newport is really a community within a community, and is perfect for millennials, professionals or downsizers,” said Kelsey Orvis, marketing co-ordinator at Genesis Builders Group. “It’s really designed for anyone who wants to spend more time enjoying life, rather than shovelling snow and cutting grass.”

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Mortgages demystified

Valuable information for prospective homebuyers

Canada’s new mortgage qualification rules and how they could affect you

On Jan. 1, 2018, new mortgage rules came into effect. Under the new rules, Canadian mortgages are subject to stricter qualifying criteria. Ultimately, this means some buyers will have to settle for less expensive homes than they could have qualified for prior to the rule change – up to 20 per cent cheaper in some cases.

All homebuyers must now go through the mortgage stress test:

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Clearing the air

CREA voices concerns about home cannabis cultivation

As Bill C-45 continues its journey through the different levels of Parliament, the Canadian Real Estate Association (CREA) presented some feedback on how the legalization of cannabis would affect homeowners.
“We’ve heard from homeowners and tenants across the country who are worried about living beside grow-ops,” said CREA president Barb Sukkau.

“What does this do to their home value? Will this increase their rent? How safe will their kids be? Will their quality of life diminish because of the prevalence of drugs in their neighbourhood? These are all concerns that need to be considered before the passing of Bill C-45.”

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