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Welcome to the Weekender, and welcome to the May long weekend!
As usual, the weather forecast for this weekend is a bit of a moving target – sorry, campers – but hopefully we’ll all get a chance to get outside and enjoy a little sunshine over the next few days. It is the unofficial start of summer after all – a summer whose possibilities are becoming more and more enticing as thousands of Albertans receive COVID-19 vaccines every day.
But before you get lost in summer daydreaming, make sure you get caught up on the week that was in real estate. This week’s stories include an update on the BMO Centre expansion and the details of a bold project to completely reimagine a downtown office tower. There are also some handy DIY plumbing tips for homeowners – just in case a leaky faucet or running toilet has been giving you trouble lately.
Let’s dive right in!
This week in CREB®Now
Shovels are now in the ground and the BMO Centre’s $500-million expansion is underway. Check out the story for all the details, including the new design, construction timelines and the significance of the project to the burgeoning Calgary Culture and Entertainment District.
The City of Calgary recently unveiled its Greater Downtown Plan, designed to revitalize the core and bring more residents into the area. For one of the first revitalization projects launched under the plan, non-profit real estate developer HomeSpace is thinking big – a comprehensive remodel of Dome Petroleum’s former home on Seventh Avenue S.W. to convert it from office space to affordable housing.
While a major emergency like a burst pipe will always require some help from the professionals, there’s no reason why the average homeowner can’t handle more minor plumbing repairs. All you’ll need are a few basic tools and these helpful tips.
The City of Calgary’s new Greater Downtown Plan is poised to rethink and revitalize the city’s downtown core for generations to come. Check out the story for all the details.
Had this in our kitchen growing up, and I'd spend hours tracing the lines on it with my fingers. My parents must have gone to bed each night, looked at each other, and said, "That middle kid is kind of a weirdo," and then shrugged and turned out the lights. https://t.co/P8ror3JuEq
— Chris Jones (@EnswellJones) May 18, 2021
I was definitely tracing the lines with my eyes while reading this, so I can’t really judge.
- National Post – Attending an open house? Better keep your voice down
- Financial Post – OSFI confirms tighter mortgage stress test to come into effect June 1
- Calgary Herald – Calgary real estate poised for more growth as economy recovers
- Global News Calgary – 30% of Calgary community associations questioning their survival throughout the pandemic
- CBC Science – How urban gardening could be at the forefront of climate change adaptation in Canada’s cities
- Calgary Herald – ‘The plan is great’: Councillor says it’s time to move ahead on Green Line
- CBC Calgary – Lougheed House fundraising to maintain historic gardens
- CBC Calgary – City wants to freeze Calgary taxes next year, but that would require more cuts
- Calgary Herald – BILD Calgary Region celebrates the best of the residential homes industry
- Financial Post – Posthaste: Bidding wars and sky-high prices — cottage property values set to rise by another 30% amid rural rally
- Okotoks Online – Okotoks Council Approves Bylaw for Clean Energy Improvement Program
- CBC Calgary – Century-old Catholic church converted into vacation rental in Crowsnest Pass
- Financial Post – Canada’s home sales fall from record as COVID lockdowns bite
- Globe and Mail Opinion – Calgary’s Green Line LRT would be a boon for the city. Why is the Kenney government stymying it?
- CBC Calgary – Stampede 2021 a go, says organization
- CBC Calgary – Massive project that includes amphitheatre and 120-room hotel coming to Bragg Creek, Alta.
Have a great weekend!