Calgary City Centre: Residential Development is blooming!

If you are like me, you may well have been asking yourself, “Why are developers still building more City Center residential towers when downtown employment is in decline. Doesn’t that mean the demand for living near downtown is also in decline?” 

Cidex’s West Village Towers project will set a new benchmark for urban living in Calgary’s Downtown West community.

Cidex’s West Village Towers project will set a new benchmark for urban living in Calgary’s Downtown West community.

Currently the first tower is under construction.

Currently the first tower is under construction.

The project will include space for commercial developments like an urban grocery store.

The project will include space for commercial developments like an urban grocery store.

Also next to the railway tracks is One by Strategic Group at the corner of 10th Ave and 1st St SE. It too will provide hotel-like accommodation for renters.

Also next to the railway tracks is One by Strategic Group at the corner of 10th Ave and 1st St SE. It too will provide hotel-like accommodation for renters.

Expert Advice

I thought it best to consult with someone who understands the dynamics of residential development in Calgary better than I. This led me to Urban Analytics (UA), a company specializing in maintaining data on current multi-family development projects in Calgary, Edmonton and Vancouver (available to industry stakeholders on a subscription basis).

Kimberly Poffenroth, VP Business Development and Andie Daggett, Market & Rental Data Analyst (Alberta) both shared some of their data on the 186 actively selling multi-family projects they track across the city. 

I was surprised to learn, “Calgary’s rental market has remained strong throughout 2018 with 95% occupancy in the third quarter of the year.”  Poffenroth added, “the new mortgage rules that came into play at the beginning of 2018 helped drive some success in the rental market, as many potential purchasers failed to qualify for a mortgage. This, in combination with the increasing number of amenities offered at new rental products, plus rental incentives offered at a majority of rental projects, helped maintain a strong new rental market across the city throughout 2018.” 

Daggett add, “as a result, new rental product in Calgary has been able to increase the average net rent per square foot while maintaining low vacancy rates.”  

Poffenroth, chimed in with “I don’t believe the end goal for most Calgarians is to rent forever. They want to buy a condo or a home. However, the new mortgage rules may push potential purchasers to rent for longer than they originally anticipated. Condo developers have responded appropriately to the changes in the current market conditions through launching price-sensitive product that allows purchasers to obtain home ownership at a more affordable price. There have also been a number of successful higher-end projects, appealing largely to a downsizer crowd, which have continued to show signs of success.” 

Indeed, the 2018 Calgary survey “Calgary Growth Perspectives Tracking Study” by ThinkHQ Public Affairs found 79% of Calgary renters say that if it were feasible, they would like to own their own home.  

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Rental vs Condo

It is important understand the condo and rental markets are closely linked when it comes to multi-family residential development.  The “waters are muddied” when you add in the fact that over the past few years, some condo developers have converted their unsold units into rental units for the time being.  

In addition, many condo buyers are investors who rent their units. It is not uncommon for a new condo building to have as many as 25% of their units for rent. 

Another factor linking rental and condo developments is that today’s renter could well become tomorrow’s buyer.  I often say “empty nesters and young professionals should rent before they buy to determine how much space they really need and if they like the urban lifestyle.” 

Renting also allows you to test drive the community to determine if it has what you want i.e. Inglewood is not the Beltline; Bridgeland is not Kensington.  

The first of two rental residential towers by Hines at 12th Ave near Memorial Park is currently under construction.

The first of two rental residential towers by Hines at 12th Ave near Memorial Park is currently under construction.

Hat on 7th is Cidex’s other project in Downtown West. It will be Calgary’s second residential development without any resident parking.

Hat on 7th is Cidex’s other project in Downtown West. It will be Calgary’s second residential development without any resident parking.

New Condos, Good News

For the first time in three years, new condo projects have been announced in the City Centre. 

Nude by Battisella is a 177-unit development in the end of the Beltline. They began selling units in September and have sold 35 units in the first three months.  Their funky condo INK in East Village is now complete and purchasers have moved in.  It has only 10 units left to sell.  

TAK Developments started to market “The Fifth,” their 48-unit boutique condo at the corner of 17th Ave and 5th St. SW in the Fall of 2018. This is the beginning of CEO Frank Lonardelli’s vision of converting 17th Avenue into a vibrant high street with a mix of new retail, restaurant and residential developments.  And just a few blocks away in Mission, Mission 19 Ltd. has launched sales of their 67-unit Matrix condo. Also, in Mission, Bowman Developments has sold 20% of the units in their recently announced 82-unit condo, The Nest.

Intergulf’s 45-story 11th & 11th project is under construction and will add a new dimension to urban living in the west end of the Beltline.

Intergulf’s 45-story 11th & 11th project is under construction and will add a new dimension to urban living in the west end of the Beltline.

Nude by Batisella is the first new condo start in Calgary’s City Centre in a few years.

Nude by Batisella is the first new condo start in Calgary’s City Centre in a few years.

The Nest in Mission will offer waterfront living (Elbow River) at very attractive prices, partly because there are no parking stalls for tenants. This is truly urban living.

The Nest in Mission will offer waterfront living (Elbow River) at very attractive prices, partly because there are no parking stalls for tenants. This is truly urban living.

The first of the three tower Curtis Block project is under construction on the east side of the Beltline.

The first of the three tower Curtis Block project is under construction on the east side of the Beltline.

Curtis Block rendering

Curtis Block rendering

Other City-wide hot spots

The new northwest inner city community, University District (by The University of Calgary’s West Campus Development Trust) has been a huge success to date. As of the end of November 2018, 128 residents have moved into Brookfield Residential’s Ivy and Truman’s Noble projects.  It was also a busy year for new starts – Maple by Truman (independent living for seniors), Rhapsody by Gracorp (rentals with Sav-On Foods + 10 retail units), August by Avi Urban (just broke ground) and The Brenda Strafford Foundation’s assisted and long-term care building.  As well, University District has a call for proposals for two mixed-use blocks across from the Cineplex complex.   

In all, a whopping 800 multi-family homes are currently at various stages of construction in University District.

Westman Village in Mahogany has also been very well received. This unique, resort-style community that opened its first phase this year already has 230+ residents. This number will grow to 1,200+ people when all 860+ residences are completed.  

Construction at University District is going like gang busters. (photo University District).

Construction at University District is going like gang busters. (photo University District).

Construction view of Westman Village. (photo Jayman website)

Construction view of Westman Village. (photo Jayman website)

Last Word

It would appear there is a lot to be optimistic about when it comes to living near downtown.  The 2018 census showed the Beltline was Calgary’s fastest growing community with 1,668 new residents over the past year.  Downtown West and Eau Claire also showed healthy growth, with all communities surrounding downtown experiencing some growth.  

So, while downtown is struggling as a place to work, its surrounding communities are continuing to bloom (not boom) as places to live!  

Many of the communities surrounding the downtown core are experiencing population growth.

Many of the communities surrounding the downtown core are experiencing population growth.

Edmonton is NOT kicking Calgary’s butt when it comes to urban revival? 

“It’s hard to say how Calgary fell so far behind Edmonton in downtown revival and major amenities. The trend just sort of crept up on us over the past half-dozen years, as Edmonton got a provincial art gallery, the Royal Alberta Museum, Rogers Place, massive additions to downtown MacEwan University, and much else. Not nearly as much was happening here,” wrote Don Braid in his December 19, 2018, Calgary Herald column.

Link: Braid: Calgary’s downtown is set to relaunch and maybe catch Edmonton

The concourse aka winter garden of Edmonton’s new Rogers Place arena is simply stunning.

The concourse aka winter garden of Edmonton’s new Rogers Place arena is simply stunning.

Calgary’s new Central Library is just as stunning and is busy seven days a week from opening to closing, not just during events.

Calgary’s new Central Library is just as stunning and is busy seven days a week from opening to closing, not just during events.

Bigger Picture

I was surprised by Braid’s observation. Where is this negativity coming from? Was I that out of touch with what is happening in Edmonton? I recently spent four days exploring downtown Edmonton to see for myself.

A new arena and a few other developments should not be the measure downtown renewal.   If we look at the bigger picture when it comes to urban living amenities, Calgary has projects that match or exceed those of Edmonton’s.

Let’s have a look at Edmonton and Calgary’s urban revival projects since 2010, when Edmonton adopted a new Downtown Plan – the catalyst for its revival. 

Link: Capital City Downtown Plan 

Summary of developments in Edmonton’s City Centre. orange is proposed surface lot, yellow is upcoming, blue is under construction and green is park & public spaces, red is proposed building demolished.

Summary of developments in Edmonton’s City Centre. orange is proposed surface lot, yellow is upcoming, blue is under construction and green is park & public spaces, red is proposed building demolished.

Buss Marketing’s map of Calgary’s current residential developments

Buss Marketing’s map of Calgary’s current residential developments

There are 50+ City led initiatives recently completed, under construction or in the works to make our City Centre a better place to “live work and play.” This does not include new residential, office or other private developments. Green = parks & public spaces Blue = streetscape projects Red = City Partners Light blue = underpass enhancements Yellow = other projects

There are 50+ City led initiatives recently completed, under construction or in the works to make our City Centre a better place to “live work and play.” This does not include new residential, office or other private developments. Green = parks & public spaces Blue = streetscape projects Red = City Partners Light blue = underpass enhancements Yellow = other projects

Stantec Tower vs Telus Sky 

 Edmonton’s Stantec Tower and Calgary’s Telus Sky are both mixed-use buildings. Stantec’s first 29 floors are office space with its 30th to 66th floors being residential (454 homes) giving it a height of 251 meters. Coincidentally, Telus Sky also has 29 floors of offices, but only 29 floors of residential (326 homes) for a height of 221 meters.  Architecturally, they are polar opposites.  And while the rectangular, translucent glass Stantec Tower may be taller, Telus Sky, with its bold cubist twisting shape that narrows as it reaches skyward will be an architectural gem.  But wait, Calgary’s new sleek modernist Brookfield Place glass tower, is perhaps a better match for Stantec Tower both architecturally and is just 4 meters shorter.  

Bigger is not always better!

The Stantec Tower with Roger Arena in the fore ground is an impressive addition to both Edmonton’s skyline and streetscape.

The Stantec Tower with Roger Arena in the fore ground is an impressive addition to both Edmonton’s skyline and streetscape.

Calgary’s new Marriott Residence Inn and SODO residential towers on 10th Ave at 5th Street SW.

Calgary’s new Marriott Residence Inn and SODO residential towers on 10th Ave at 5th Street SW.

Calgary has two new signature towers over 50 storeys, Brookfield Place and Telus Sky on the left with Suncor Centre and The Bow on the right.

Calgary has two new signature towers over 50 storeys, Brookfield Place and Telus Sky on the left with Suncor Centre and The Bow on the right.

ICE District vs East Village

Edmonton’s ICE District, with its glittery new arena, two office towers, hotel/condo and public plaza (under construction), along with a new LRT station hopes to have 1,300 new homes completed by 2021.  

East Village’s The Bow, (twice the size of the Stantec Tower in square footage), two hotels, award-winning Riverwalk, St. Patrick’s Island Park, a beautiful community garden and playground, six new condo buildings (1,264 new homes and more to come) blows away the ICE district.  And that doesn’t even include the stunning Calgary’s stunning new central library and music museum! 

Edmonton’s Ice District skyline January 2019.

Edmonton’s Ice District skyline January 2019.

Ice District is actually just a few blocks, but it has been a huge catalyst not only for new development, but also in enhancing civic pride.

Ice District is actually just a few blocks, but it has been a huge catalyst not only for new development, but also in enhancing civic pride.

This is an image of just four blocks of Calgary’s East Village with numerous new condo towers already completed and more under construction.

This is an image of just four blocks of Calgary’s East Village with numerous new condo towers already completed and more under construction.

Construction cranes in Calgary’s East Village, September 2017. Does this look like a downtown in decline?

Construction cranes in Calgary’s East Village, September 2017. Does this look like a downtown in decline?

Calgary’s East Village Riverwalk is outstanding.

Calgary’s East Village Riverwalk is outstanding.

Edmonton Centre vs The Core

There is simply no comparison between Edmonton’s tired indoor shopping centre and Calgary’s sunny, four-storey, The Core (redeveloped in 2011) which boast a dazzling, two-block long skylight and renovated Devonian Gardens.  The Core is home to a new Simons department store, while Edmonton’s two Simons stores are in the burbs. 

Edmonton’s City Centre is a multi-storey indoor shopping centre with a huge skylight.

Edmonton’s City Centre is a multi-storey indoor shopping centre with a huge skylight.

The Core in Calgary has a huge two and half block long skylight that links The Bay to Holt Renfrew with four levels of shopping, a mega food court and Devonian Gardens.

The Core in Calgary has a huge two and half block long skylight that links The Bay to Holt Renfrew with four levels of shopping, a mega food court and Devonian Gardens.

Quarters vs Bridgeland/Riverside 

Edmonton’s plans for the revival of The Quarters was more or less “put on ice” while the City focused on the ICE District.  One project was abandoned for 4 years, before Calgary-based Cidex Group recently came to the rescue and will build a 24-storey residential tower.

Calgary’s equivalent might be the master-planned redevelopment of Bridgeland, the result of the closing of the Calgary General Hospital.  Twelve new condos buildings will have been complete for a total of about 1,500 new homes that will accommodate 2,500 new residents, by the end of 2019.  Bridgeland/Riverside, with its revived main street, has evolved into one of Calgary’s most popular family communities over the past 10 years. Yes, families!

The Quarters has seen some public realm improvements and some new development, but nothing like Calgary’s Bridges.

The Quarters has seen some public realm improvements and some new development, but nothing like Calgary’s Bridges.

The Bridges project includes a new park that is popular year round as well as several new mixed-use residential developments and Main Street improvements.

The Bridges project includes a new park that is popular year round as well as several new mixed-use residential developments and Main Street improvements.

This new tree lined street mixes easily with the other single family home streets with their century old tree canopies.

This new tree lined street mixes easily with the other single family home streets with their century old tree canopies.

The Bridges Main Street enhancements have created an inviting gathering place.

The Bridges Main Street enhancements have created an inviting gathering place.

Churchill Square vs Olympic Plaza 

Both Edmonton’s Churchill Square and Calgary’s Olympic Plaza are the hearts of their respective city’s cultural district, as they are surrounded by a concert hall, theatres, museum, and City Halls.  

And while Edmonton has its funky new Art Gallery of Alberta building, I was not impressed by their exhibitions as I have been by Calgary’s Glenbow Museum’s recent exhibition programming.  The new $375 million Royal Alberta Museum was nice but didn’t impress me as much as I thought it might. Touring the lobby, I didn’t get the feeling this was a “must see” place.  For my money, the Glenbow offers the same art and history experience Edmonton has to offer. Programming trumps architecture. 

Similarly, Edmonton’s Win spear Concert Hall and Citadel Theatre and Calgary’s Art Commons offer pretty much the same experiences for those interested in the performing arts. When it comes to the literary arts, Edmonton is renovating its old library for $85 million into a shiny new building while Calgary spent $245 million on a new library building that has received international acclaim. 

Churchill Square is currently undergoing a mega makeover. Calgary is a few years behind with its cultural makeover, but a $400+ million makeover of Art Commons complex and Olympic Plaza is in the works.  There are also plans for a new public art gallery in Calgary’s old Science Centre/Planetarium at the west end of downtown. 

Conceptual image of renovated Central Library on the edge of Churchill Square.

Conceptual image of renovated Central Library on the edge of Churchill Square.

Calgary’s recently completed Central Library has been widely acclaimed internationally. It has attracted over

Calgary’s recently completed Central Library has been widely acclaimed internationally. It has attracted over

Edmonton’s new Art Gallery of Alberta is also located on the edge of Churchill Square.

Edmonton’s new Art Gallery of Alberta is also located on the edge of Churchill Square.

Calgary’s old planetarium / science centre is currently being redesigned to become a public art gallery.

Calgary’s old planetarium / science centre is currently being redesigned to become a public art gallery.

The new Royal Albert Museum recently opened a block from Churchill Square.

The new Royal Albert Museum recently opened a block from Churchill Square.

Calgary’s National Music Centre opened in 2016, just a few blocks from Olympic Plaza.

Calgary’s National Music Centre opened in 2016, just a few blocks from Olympic Plaza.

Conceptual image of Calgary’s new BMO convention centre which is current at the request for proposals stage.

Conceptual image of Calgary’s new BMO convention centre which is current at the request for proposals stage.

Edmonton’s Churchill Square has been a popular festival and gathering place for decades.

Edmonton’s Churchill Square has been a popular festival and gathering place for decades.

Calgary’s Olympic Plaza is also a popular gathering and festival site.

Calgary’s Olympic Plaza is also a popular gathering and festival site.

Northlands Park vs Stampede Park 

While, the future of Edmonton’s Northlands Park is uncertain, Calgary’s Stampede Park flourishes - not only as home to the “Greatest Outdoor Show on Earth,” but to numerous major events like Calgary Expo, one of Canada’s largest cosplay showcases.  

Quietly, Stampede Park has been evolving with new buildings like the Agrium Western Events Centre and its new Youth Campus that includes the TransAlta Performing Arts Studios, Calgary Arts Academy, BMO Amphitheatre and ENMAX Park.  

The construction of three major condo towers is also evidence of the district’s quiet revival. Next step a major expansion of the BMO Centre. 

Plans for the revival of Stampede Park and Victoria Park Calgary over the next 20 years are WAY ahead of those for Northlands Park district. 

Over the past few years, Calgary’s Stampede Park has been realizing its vision of a Youth Campus. There are also ambitions plans expand the BMO Centre, build a new arena, open up the park along 17th Ave and 4th St, as well as create more year-round public spaces.

Over the past few years, Calgary’s Stampede Park has been realizing its vision of a Youth Campus. There are also ambitions plans expand the BMO Centre, build a new arena, open up the park along 17th Ave and 4th St, as well as create more year-round public spaces.

New condo developments next to Stampede Park.

New condo developments next to Stampede Park.

Urban Parks

While Edmonton undoubtedly has the most dramatic river valley, it is not easily accessible from its City Centre communities.  

In contrast, Calgary’s Bow and Elbow rivers are both intimately linked to the everyday lives of those living in our City Centre thanks to constant improvement to the river pathways.  Edmonton has nothing to match Calgary’s Riverwalk, West Eau Claire Park and two spectacular pedestrian bridges.

Kudos to Edmonton’s City Council who boldly approved the expropriation of 18 lots in the middle of downtown to create a much-needed, 3-acre park, the equivalent of Calgary’s Harley Hotchkiss Gardens that opened a few years ago.  

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Calgary has some sunning new parks like the Eau Claire West Park.

Calgary has some sunning new parks like the Eau Claire West Park.

The revitalization of St. Patrick’s Island is truly outstanding.

The revitalization of St. Patrick’s Island is truly outstanding.

The Alberta Legislature buildings fountain and wading pond is a popular spot on Canada Day.

The Alberta Legislature buildings fountain and wading pond is a popular spot on Canada Day.

At noon hour Harley Hotchkiss Gardens it becomes a popular meeting place and perhaps play a little bocci ball.

At noon hour Harley Hotchkiss Gardens it becomes a popular meeting place and perhaps play a little bocci ball.

The new Thompson Family Park. Calgary’s City Centre is blessed with dozens of parks, plazas and pathways.

The new Thompson Family Park. Calgary’s City Centre is blessed with dozens of parks, plazas and pathways.

Urban Living 

In addition to the above comparisons, Edmonton has nothing to match Calgary’s funky Inglewood community with its historic main street, Esker Gallery and new condo developments.  Nor does it have anything to match Calgary’s Mission district or how Calgary’s Zoo and Telus Spark easily connect to our City Centre by LRT and pathways.  

Yes, I was impressed with how Edmonton has implemented its 2010 Downtown Plan which includes adding 12,200 new residential units by 2045.  To date an impressive 1500 new units have been completed and 858 are under construction with more proposed.

In Calgary one developer, Qualex Landmark alone has built 1300 units in the Beltline. Today, Calgary has a whopping 9,000+ residential units (75% of Edmonton’s goal) at various stages of development in its City Centre. 

Calgary’s historic Main Street aka Atlantic Avenue has a diversity of shops, cafes, restaurants, galleries and live music venues in early 20th century buildings.

Calgary’s historic Main Street aka Atlantic Avenue has a diversity of shops, cafes, restaurants, galleries and live music venues in early 20th century buildings.

Edmonton also doesn’t have anything to match Caglary’s Kensington Village with its new condos and animated sidewalks.

Edmonton also doesn’t have anything to match Caglary’s Kensington Village with its new condos and animated sidewalks.

New condo construction along Atlantic Avenue in Inglewood will add even more vitality to the street and community.

New condo construction along Atlantic Avenue in Inglewood will add even more vitality to the street and community.

The Atlantic Avenue Art Block includes a public art gallery, offices, restaurant, cafe, grocery store and boutiques.

The Atlantic Avenue Art Block includes a public art gallery, offices, restaurant, cafe, grocery store and boutiques.

I didn’t find anything in Edmonton to match Calgary’s public art.

I didn’t find anything in Edmonton to match Calgary’s public art.

Calgary & Edmonton both on the rise!

I am surprise at how a new arena can blind people into thinking Edmonton is booming and Calgary is declining because it doesn’t have one. For too long Calgary has measured the success of its downtown by the number of new office buildings and the number of people working downtown.  

A better measure of downtown revival is the number of new residential developments and the number of people choosing to live near the downtown core.  The fact the Beltline was the fastest growing community in Calgary last year and that there are several major residential developments under construction in our City Centre is testament to the fact Calgary’s downtown revival is on the rise, not decline. 

And, I am happy to report Edmonton’s downtown is also on the rise. In some cases Edmonton is ahead of Calgary when it comes to urban revival and in other cases Calgary is ahead of Edmonton.

Every city evolves in its own way.

If you like this blog, you will like these links:

Edmonton vs Calgary: Who has the best river?

Battle of Alberta: Urban Design

Brewery Districts: Edmonton vs Calgary

Condo Living: No Parking, No Problem

Could you live in Calgary without a car? I am not sure I could, but more and more Calgarians are doing so. With the introduction of Car2Go (Calgary has one of the highest number of Car2Go members in North America), Uber and Lime (bikes), the need for a car in Calgary is becoming less and less mandatory, if you live in the City Centre.  

Astute condo developers are noticing there is a niche market for condos with little or no parking.  

The Hat@7th has no parking, but the LRT is right outside your door, literally.

The Hat@7th has no parking, but the LRT is right outside your door, literally.

N3 Success

First it was the N3 condo in East Village, a 15-story tower with 167 units and no parking, by Knightsbridge Homes and Metropia that was completed in 2017. One of the big advantages of no parking is these units sell for about $50,000 less than competitors’ condos (i.e. the cost to build an underground park space - give or take $10,000.)  The idea of building a new condo with no parking was bold - it hadn’t happened in Vancouver or Toronto.

N3 captured the attention of urban planners across North America.  Would automobile-obsessed Calgarians really buy a condo with no parking?  The answer is Yes.

As Joe Starkman, President of Knightsbridge Homes said to me “I did my research and I was willing to gamble there were at least 167 Calgarians who wanted to live downtown and didn’t need a car. I was willing to take that risk.” 

But was N3 a unique situation, given it is so close to downtown, so close to LRT and plans were in place for a major retail centre (with grocery store and other everyday amenities) nearby?  

N3 condo in Calgary’s East Village is within easy walking distance to new Central library, LRT station, Olympic Plaza Cultural District, Stampede Park, Stephen Avenue shopping and restaurants and the Bow River pathway. A new retail complex is currently under construction nearby that will have a major grocery store.

N3 condo in Calgary’s East Village is within easy walking distance to new Central library, LRT station, Olympic Plaza Cultural District, Stampede Park, Stephen Avenue shopping and restaurants and the Bow River pathway. A new retail complex is currently under construction nearby that will have a major grocery store.

We are about to find out!

Bowman Development has announced The Nest in Mission, with 82 condos starting in the low $200’s.  Located at the corner of 18thAve and Macleod Trail SE, its residents will be within easy walking distance to the Erlton and Stampede LRT Stations, Stampede Park and Mission Safeway and other shops.  No need for an in-house workout room with the iconic Repsol Sport Centre literally a hop, skip and jump away.  You are also right on the Elbow River pathway system.  The units are small (415 to 556 square feet), but for true urbanites the community is their living room, dining room and kitchen.  At 15-storeys, many residents will have great views of downtown, the mountains and the Stampede fireworks.   

Over in Downtown West, Cidex is building the Hat @7th a 66-unit apartment building at 1116 7th Ave SW that’s expected to be completed in 2019. It too has no parking, however given its so close to the 11th Street LRT station and not far from the 8th Street station, who needs a car?  Living here gives you easy access to Bow River Promenade and walking to Kensington or West Beltline with their grocery stores and shops.  You can also play basketball or volleyball, or practise your skateboarding and BMX skills at Shaw Millennium Park. 

Bonus. Cidex’s West Village towers is also under construction just a few blocks away, with its 90,000 square feet of retail at the base - plenty of room for an urban grocery store and other shops to meet your everyday needs.  

Battistella designed it new Nude condo in the west Beltline with parking spots for only 60% of the units, thinking not everyone will want a parking spot.  So far, 85% of buyers have chosen to purchase a parking spot with their condo.  

Obviously, the early bird get the parking spot!

The Nest located on the Elbow River near Lindsay Park, Stampede Park and the Repsol Sports Centre will have less than 10 parking spots.

The Nest located on the Elbow River near Lindsay Park, Stampede Park and the Repsol Sports Centre will have less than 10 parking spots.

Nude (tallest building) will also have limited parking, but who cares when most of your everyday needs are within walking distance.

Nude (tallest building) will also have limited parking, but who cares when most of your everyday needs are within walking distance.

Last Word

More and more cities across North America are looking at allowing residential developers to build new condos without any parking or much less parking than would have been demanded in the past.  Calgary is leading the way, partly because it has one of the most walkable city centres in North America, perhaps the world.

Link: Caglary: The world’s most walkable city centre?

In the past, cities demanded developers include a minimum of one (and sometimes more) parking stalls per unit, as well as visitor parking, as neighbors didn’t want the newbies to take their street parking.  

But this is quickly changing, with Calgary ahead of the curve.

Note: An edited version of this blog was commissioned for the January 2019 edition of Condo Living magazine.

If you like this blog, you will like these links:

N3: No parking, No cars, No worries!

Hey Calgarians! You don’t own the parking in front of your house!

Downtown Calgary puts the PARK in PARKades

Condo Living: The rise of single women

Recently a press release with the title “Single women powerful new consumers of Mission condos,” caught my attention.  Perhaps it was because my October Condo Living column was about four single women who loved condo living in the Beltline. 

Proposed new Matrix condo in Mission is courting single female buyers.

Proposed new Matrix condo in Mission is courting single female buyers.

Rise of women condo buyers

While most of my observations about urban living are anecdotal, the press release by dHz Media provided data about the rising importance of women in the home buying market across North America.

For example, in the USA, the National Association of Realtors, found single women bought 18 per cent of the homes sold in 2017, while single men only seven per cent.” 

Link: How single women are shaping the new housing market?

The release also pointed out that “In Canada, a survey with 800 respondents by Bond Brand Loyalty revealed women accounted for 49 per cent of all home purchases. And, Point2Homes a real estate market intelligence firm, analyzed six million online searches by potential homebuyers in Canada during a three-month period in 2016 and found the majority of searches were by women.”

I did some of my own internet surfing and sure enough there is lots of information (mostly from the USA) on how single females (not just millennials) are become the largest cohort of condo buyers. 

Several articles noted women often show a preference for condominiums rather than single-family homes for various reasons.  Condos are not only lower maintenance (no cutting grass, no snow shoveling etc.), but they are often found near shopping, restaurants and cafes. As well, condos often have more safety features than townhomes or a single family home.  

Other fun facts include that 65% of millennial women in the USA, had a steady job versus 53% for men. In Canada from 2006 to 2016, the number of women with a bachelor’s degree increased from 33% to 41%.  Banks like to give mortgages to people with degrees and steady jobs.  

Link: More Single Women Are Becoming First-Time Buyers

Another article based on a 2017 US survey on “adulting” found millennial women are more likely to become independent than men based on the fact 79% of millennial women have moved out of their parents’ house, but only 56% of men.  

The urban dictionary defines "adulting" as "when a young person takes on the responsibilities typically associated with being an adult - a permanent job, a mortgage, rent or a car payment.”

Kensington’s new condos are also very appealing to women buyers with its mix of boutiques, cafes, restaurants, access to LRT station, as well as to downtown and the Bow River pathway.

Kensington’s new condos are also very appealing to women buyers with its mix of boutiques, cafes, restaurants, access to LRT station, as well as to downtown and the Bow River pathway.

Back to Calgary

For Calgary developer Harold Sicherman, who has over 20 years of experience building condos in Mission, the rise of women home buyers is not a surprise. 

He experienced it first hand when 65% of the condos in his District condo (completed in 2015) were sold to single women 20 to 35 years of age. Sicherman has noticed increasingly “women are more confident buyers and they’re seeking condo-style homes in locations where they can walk to lots of amenities.”  This is exactly what I was told by my four female, key informants.

As a result, his marketing emphases things like walk score, access to restaurants, shops and cafes, as well as a amenities for pets.  I was surprised to find in my search single women spend three times as much on pets as men. 

He adds, “His latest project Matrix in Mission has all of the above amenities, as well as luxury bathroom and kitchen finishings and lots of storage, all meant to attract the woman buyer.”  I heard that some of the units might even come with a dog house!

Last Word

Indeed, home buying has changed significantly over the years.  My mom often tells the story of how my Dad bought their house in 1954, without even consulting her. She lived in the house for over 50 years and it was only after he passed away and she sold the house that she confessed “she never liked the house.”  

More than ever women are influencing the design of cities, which reminded of a David Feehan’s guest blog back in 2014. Link: Design Downtown for women and men will follow.

Note: An edited version of this blog was published in the January 2019 edition of Condo Living Magazine.

If you like this blog, you will like these links:

Women, In Condos, Drinking Wine

21st Century: Century of the condo?

Downtown Living Is Cooler Than You Think