Bearspaw/Springbank Feature

A8 ? A9

counting cycles

City?s bike count reveals cycling trends

transportation A15 www.toolepeet.com See our ad on page a3

real estate news from industry experts

FREE july 18 to july 24 2014 issue 04-28 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

sibling rivalry

west vs. east

cody stuart, Managing Editor

West Village redevelopment taking back seat to twin to the east

Cody Stuart managing editor With its eastern counterpart the darling of Calgary?s development scene, the West Village couldn?t be blamed for feeling a bit like a forgotten sibling. Bounded to the north by the Bow River, to the east by 11th Street SW, to the south by the Canadian Pacific Railway tracks and to the west by Crowchild Trail, the area was once envisioned to be a ?transit-oriented, sustainable urban community,? yet sits idle as ?an auto-oriented brownfield site.?

SINGLE FAMILY

MLS $489,271 $478,528 $475,272 $468,360 $492,777 $488,311 $496,636 $496,579 $518,452 $518,392 $510,834 *All statistics based on monthly data compiled by CREB ® via MLS ® activity. $521,887 $527,162 $524,900 ® AVERAGE PRICE* JUN ?12 ? JUN ?14 $517,234 $512,359 $516,244 $516,447

?[West Village] is seen as more of a long-term expansion . ?

Matthias Tita director of local area planning and implementation for the City of Calgary $527,764

three part west village series

$520,686 $550,312 $556,402 $547,871

JUN12 JUL12 AUG12 SEP12 OCT12 NOV12 DEC12 JAN13 FEB13 MAR13 APR13 MAY13 JUN13 JUL13 AUG13 SEP13 OCT13 NOV13 DEC13 JAN14 FEB14 MAR14 APR14 MAY14 JUN14

$554,652 $562,382 While City officials maintain redeveloping West Village is still the plan, it remains a distant goal, at least for now. ?[West Village] is seen as more of a long-term expansion,? said Matthias Tita, director of local area planning and implementation for the City of Calgary. ?We don?t want to dilute the (segment of the) market looking for a downtown neighbourhood that the East Village is (already) creating.? While there have been some changes since the City first laid out its first West Village area redevelopment plan in 2009, including the arrival of the $1.4-billion West LRT line, development on the 45-hectare piece of land remains limited, to say the least. The former Calgary Science Centre, having since moved to a new location next to the Calgary Zoo, is slated to become a public art gallery. Other long-term residents such as the Pumphouse Theatre and Mewata Armoury remain local icons. The area is also still home to an array of local business, including, Metro Ford, which has been located at the corner of 10th Street and Ninth Avenue S.W. since 1970. WAM Development Group recently announced plans to construct more than 1,800 luxury residential suites

last week:

past

CIBC: Travel, emergency funds top savings list for Canadians

CREB® STAFF poll by CIBC found more than A half of Canadians are saving up for something other than retirement. Breaking down the numbers, key findings in the poll included: 25 per cent of Canadians are currently saving for a trip; 17 per cent are saving for a rainy day and 14 per cent saying for home renovations. finance A3

This week:

present

in four towers located above 150,000 square feet of retail space on the existing Metro Ford site. ?I think that there?s a migration of dealerships that are leaving the downtown core, no question,? said Metro Ford owner Reg Pattemore, adding the cost of doing business at the current location no longer makes sense. ?Quite clearly, the present tax structure is not good for car dealers right now. They?re basing it on best use of land and not necessarily a car dealership.? west village A3

news briefs.

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market.

. Surrounding towns

event listing.

.

municipal.

. Toll roads

mortgage rates.

.

pop the question.

. Doug Stone

commercial.

.

provincial

. High River housing

map

. .

open houses.

.

next week:

future

contents

A3 A6 A6 A7 A10 A12 A12 A12 B1 B23

@crebnow /crebnow crebnow.com

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