Ian MacGregor's Rock House at Carraig Ridge melds mountain views with modern, sustainable design

Ian MacGregor has always loved the mountains. So when the oil and gas executive decided to develop close to 700 acres of his personal land halfway between Cochrane and Canmore, he utilized his entrepreneurial expertise to parlay that love into an innovative plan – one that would protect the environment and offer a leading-edge, sustainable model of estate-style rural living.

Amy Shafer found her own private oasis in Watermark at Bearspaw

Amy Shafer grew up on a farm, so when it came to building her dream home, being immersed in nature on the doorstep of wide-open park space was a top priority. She and her husband, and their three children, had been living in Valley Ridge, but just didn't feel connected. Their search for the perfect lot brought them to Watermark in Bearspaw, where they purchased a 1.33-acre home site that backs on to an Aspen grove, a freshwater pond and walking trails. The community features 46 acres of parkland and 16 ponds, and brushes up against the Haskayne Legacy Park, with trails connecting to Calgary and Cochrane.

New communities and developments in bustling town offer more choices for would-be residents

The explosive growth that Cochrane continues to enjoy is evident when Mayor Ivan Brooker reels off the names of more than a dozen new communities either under development or in the planning stages in the scenic town west of Calgary.

"We've had huge growth – we were the second-fastest growing community in all of Canada from 2011 to 2016," said Brooker.

"People love the location. We're a beautiful community, you're on your way to the mountains, and we're not a small town necessarily, in the aspects of not having services. We have everything you would expect in a big city. The amenities are there for anything you might want to entertain as a family."

What's driving Calgary's out-of-town commuters?

Calgary roads during rush hour can be a frustrating place to be on the best of days. This is especially true for commuters that choose to live outside city limits – either in communities on the fringes or in towns a stone's throw away.

However, for many of these commuters the additional time spent driving from home to work and back every day is worth it for a lifestyle and other opportunities the city can't quite offer.

"I can't say I love the drive," said Bruce McCartney.

Since moving to Springbank – a rural community west of Calgary – from Beddington two decades ago for a bigger house and lot, the database consultant has been braving the 25-kilometre drive every weekday.

Surrounding housing market to follow Calgary's lead in 2017 after challenging conditions in 2016

Slow stabilization in Calgary's housing market in 2017 is expected to create similar momentum for satellite communities such as Okotoks, Cochrane, Airdrie and Chestermere, say local officials on the heels of CREB® releasing its 2017 Economic Outlook & Regional Housing Market Forecast.

According to the report, Chestermere in Rocky View region experienced a widening gap between sales and new listings during 2016, putting downward pressure on benchmark prices – notably detached homes, which dropped 2.5 per cent from 2015 to $490,808.

Q&A with surrounding communities

Calgary's satellite communities and their respective housing markets saw economic conditions play out in different ways this past year.

CREB®Now spoke with the mayors of Airdrie, Cochrane, Okotoks and Chestermere to get their perspectives on 2016. Here's what they had to say:

Knowing your local snow clearing bylaws may not be cool, but it's necessary

Winter is coming, and with it the one chore that many homeowners dread: shoveling their snowy sidewalks and driveways.

And while snow removal is often the last thing homeowners want to do on a chilly winter day, officials say it is important in protecting the public's safety.

"Sidewalks need to be kept clean for public safety, [and] a snow removal bylaw shares that responsibility without adding to municipal costs," said Charlene Ruttle, Cochrane's manager of municipal enforcement.

Satellite communities showing similar signs of strain; officials still optimistic

Feeling the pinch of a slowing economy, smaller satellite community housing markets have mirrored a downward drift in prices compared with Calgary but continue to be an attractive draw for buyers.

Depending on the region, CREB®'s mid-year forecast update has shown only a slight reduction in sales compared to long-term trends and actual growth in other outlaying districts.

Still buzzing with plenty of activity in new-home construction, Airdrie sales activity slowed in 2016 but hasn't dropped compared to five-year averages. A continual inventory build-up has kept new listings on pace with the past three years for Airdrie, which experienced a 5.37 per cent population growth since last summer and has recently surpassed 60,000 residents.

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."