Former CREB® president Nick Medwid said all eyes were on Calgary in 1991

Nick Medwid recalls Calgary's housing market in 1991 as a bit of a blur.

In the midst of a national downturn that year, all eyes turned to the city as several major companies uprooted their Canadian headquarters from out east and relocated to the heart of the new west.

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

City looking at ways to keep Calgarians engaged

When Dave McCarrel moved to the northwest community of Valley Ridge, he became involved in the local community association to meet people.

That was 20 years ago, and McCarrel has been active ever since.

He helped lead efforts in 2008 to build an outdoor ice rink now recognized as one of the best in the city, and also a recent project to construct an outdoor fitness park equipped with a variety of exercise stations that opened in September.

Water conservation top of mind for developers and municipalities as usage could exceed supply in coming decades

There's more than meets the eye to a lake at the heart of Harmony, the much-talked-about community by Bordeaux Properties and Qualico Communities west of the city.

When the massive water feature project is completed this spring, it will not only be Alberta's deepest man-made lake. It will also be a key part of the development's water conservation plan, an initiative that is among the most progressive in the Calgary region, said Bordeaux president and CEO Birol Fisekci.

City looking at ways to keep Calgarians engaged

When Dave McCarrel moved to the northwest community of Valley Ridge, he became involved in the local community association to meet people.

That was 20 years ago, and McCarrel has been active ever since.

He helped lead efforts in 2008 to build an outdoor ice rink now recognized as one of the best in the city, and also a recent project to construct an outdoor fitness park equipped with a variety of exercise stations that opened in September.

Former CREB® president Bob Jablonski recalls 2012 as the year it started to turn around

Bob Jablonski doesn't have to look back too far to remember the last time Calgary's economy was booming.

During his year as CREB® president in 2012, the city was running at a full sprint due to good fortunes in the oil patch. Completion of the new West LRT, The Bow and Peace Bridge were just three of the many major initiatives that came to fruition in Calgary that year, noted Jablonski, who remembered, "the city was getting big and busy."

For many, particularly those in the real estate sector, the good news was overdue. Calgary's housing market had slumped since the 2008 financial crisis, not recovering at the same pace as other Canadian cities.

Former CREB® president Kent Lyle remembers impacts of National Energy Program like it was yesterday

It's perhaps the most contentious three words in Alberta's history: National Energy Program.

The early 1980s in the province are synonymous with the controversial federal initiative, which redistributed Alberta's oil wealth and, in turn, lead to a regional recession that few have since forgotten.

Ramsay seniors take next steps following demolition of historic hub

Four years after a hailstorm heavily damaged the building, the Ramsay Welcome Centre is coming down as residents begin to discuss what might replace it as part of their community hub.

The local seniors' centre has been located on Eighth Street S.E. since the 1970s. Before that, the building was actually located in West Hillhurst before being moved across the city, explains Denver Brust, vice-president internal with the Ramsay Community Association, adding the current community hall was built next door in the 1980s.

New southwest community by Mattamy to house up to 12,000 people

Come spring, the landscape of Calgary's deep southwest will be undergoing another change, this one being sculpted by Mattamy Homes.

With the snow gone, grading and storm pond construction is expected to get started on the new community of Yorkville, located over more than 190 hectares along the southern boundary of Silverado and moving further south and west.