Fee formula

Demystifying condo fees

We’ve probably all heard someone say they’d love to buy a condominium, but they don’t like the idea of paying condo fees.

“We see that $500 condo fee and ask, ‘what do I get?’ ” said Bernice Winter, CEO of Condo Check, a Calgary company that provides condominium services, including document reviews.

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Betting on Bridgeland

Bucci Developments continues commitment to the community with Radius

Radius has risen in Bridgeland, with less than a year remaining before homeowner occupancy.

And demonstrating its continued faith in the inner-city neighbourhood, builder Bucci Developments is already at work on another proposed mixed-use project.

The roof has been placed on the seven-storey, 201-unit Radius, and cabinets and floorings are now going in, says company vice-president Mike Bucci.

“We took a risk pulling the trigger on construction” during the downturn, he says, but it will be worth it at the end of the day.

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Thinking outside the box

Calgary developers are getting creative in tough condo market

Like much in life, the only constant in the housing market is change. Buyer tastes are ever evolving, and developers of new-build condo projects in Calgary must keep pace.

“Homebuyers today know what they want and need in a new home,” said Nicole McLaws, marketing manager at Hopewell Residential. “They want excellent quality, timeless style, affordable pricing and a location that works for their lifestyle.”

To meet those needs, developers offer a range of floor plan layouts and sizes, with stylish finishings and long-lasting materials. At the same time, they are keeping one eye squarely on the big picture.

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Bright future

A decade of redevelopment has transformed Calgary’s East Village, but the best is yet to come

Nearly ten years into the East Village Master Plan, which was developed in 2009, the Calgary Municipal Land Corporation (CMLC) has invested close to $400-million into its delivery.

“That has attracted nearly $3 billion in private investment, including RioCan’s urban retail centre, now under construction, and various condo developments,” said Clare LePan, CMLC’s director of marketing and communications.

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Housing market deja vu in January

As expected, Calgary sales activity similar to last year

The new year opened predictably, with monthly figures close to the Januarys of the past three years.

With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.

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