Signs of economic hardship started to reveal themselves by the end of 2014, recalled then-CREB® president Bill Kirk 

While the true severity of the economic slump currently dominating headlines had yet to been felt in 2014, Bill Kirk said the writing was already on the wall by the end of his tenure as CREB® president.

Oil production in the Middle East had just started to ramp up, prices for a barrel had started to fall and jobs in Calgary were suddenly in question, he recalled.

"By the end of 2014, there was talk of an oil glut," said Kirk. "We knew there would be fallout ... (but) no one knew what would happen.

"We were all surprised at how slowly through 2015 the bad news hit."

Facade to respect original design

Trading one of Calgary's historic landmarks for another, Calgary Municipal Land Corp. (CMLC) – the organization responsible for transforming East Village into one one of the city's most sought-after neighbourhoods – has relocated its offices from the Hillier Building at 429 Eighth Avenue S.E. to the historic St. Louis Hotel right across the street.

In anticipation of the Grand Trunk Pacific Railway's arrival at Fort Calgary, Colonel James Walker developed the St. Louis Hotel in 1914. It underwent a major renovation in 1959, and in 2008 the City of Calgary designated the building as a Municipal Historic Resource.

Rooftop Plaza located at Fire Station 1

The City of Calgary officially reopened the Rooftop Plaza on Fire Station 1, located at 450 First St. S.E., providing a rejuvenated green space for Calgarians who live and work in the downtown core, and for visitors to the city.

The Rooftop Plaza renovation was undertaken to make much needed repairs to the Fire Station 1 roof and to breathe new life into the Plaza that had fallen into disrepair.

Former CREB® president John Fraser recalled new sense of hope in 1990 after decade of challenges

A fresh start: that's how many viewed 1990, recalled then-CREB® president John Fraser.

"We had just come out of an extremely difficult period," he said, referencing a decade defined by the National Energy Program, soaring interest rates and growing unemployment in the province.

"In about the mid '80s, things started to improve. And by about 1990, if you can believe it, almost 10 years later, we were almost back to where we were in 1981 in terms of house prices."

Alberta's out-of-province playground still drawing buyers

Kelowna's healthy economy and population growth are driving resale home transactions up and fuelling higher levels of new home construction, suggesting a sellers' market, according to housing industry figures.

And the lure of the valley continues to draw buyers from Alberta despite the province's economic downturn.

The largest city in the Okanagan Valley of British Columbia, Kelowna has recorded nearly 3,600 sales for the first half of this year compared with slightly more than 2,700 a year ago, according to figures from Canada Mortgage and Housing Corp. (CMHC).

Seniors officials praise program designed to promote aging in place

Local seniors' housing officials are praising a new provincial government program designed to assist seniors who want to "age in place" in their homes rather than having to move.

The Seniors Home Adaptation and Repair Program (SHARP), approved earlier this month, offers low-interest, home-equity-based loans to seniors, which can be used for renovations or repairs to make a home more suitable for their needs.

Move-up homes driving construction activity, community development, say local housing officials

The head of Calgary's new home industry believes move-up products have become the go-to sector within Calgary's residential construction industry, and will be the backbone of new communities moving forward.

Allan Klassen, who is the newly minted chair of the Canadian Home Builders' Association - Urban Development Institute Calgary Region, said buyers' focus over the last several years has been increasingly focused on detached product priced over $500,000.

"It is the prominent driver in terms of overall growth of new construction," said Klassen, who is also senior vice-president of Calgary housing for Brookfield Residential, which is behind the mixed-use Seton development in the southeast and the recently announced Livingston community in the city's north.

Your chance to get involved in new local book

Calgary real estate professional Lori Olijnyk remembers a particular home home in Calgary's hot inner city: "It had a large 50-foot lot with a dilapidated picket fence that might have been white at one time. Rolls of chicken wire actually had a bird in it. [The] grass was overgrown and the walkway was crumbling."

In other words, it was a mess, and it failed the curb appeal test. The curb appeal was so bad it was hard to get prospective buyers out of the car and into the home.

"A bad first impression is difficult to overcome," said Olijnyk.

New-gen systems offer sophisticated safety

Randy Larkam sits at his desk in southeast Calgary looking at the sunny backyard of his vacation home in Arizona. The image on his computer screen is overlaid with several transparent tinted rectangles

As we watch, a caretaker enters the frame and checks the pool and surrounding patio.

"There she is," said Larkam. "Right on time, too."

The coloured areas on-screen show the motion detection fields of the cameras that monitor the yard. They can be adjusted in real time just by clicking and dragging.

This ain't your dad's burglar alarm.

Ownership model opening new doors for developers, businesses

Calgary's emerging office condo market remains hot this year, according to Barclay Street Real Estate.

The commercial real estate brokerage noted in a report earlier this month that development and sales activity in the local market has been robust thus far in 2016, which, "has led to a fertile market in which developers are diversifying their portfolios among different real estate assets such as office buildings, hotels, mixed-use retail and residential real estate by adding office condo buildings and professional centres to their holdings."