Calgary is coming together to win the war on homelessness, one home at a time

What a difference a year can make. The City of Calgary launched its affordable housing strategy in July 2016, aiming for a more unified approach to building more housing for low-income individuals and families. Since then, a lot has happened, according to groups that provide housing for low-income Calgarians.

"What we've seen in the first year is a tremendous drive toward increased collaboration and recognition that none of us can go it alone," said Kim O'Brien, CEO of Horizon Housing Society.

The importance of working together in a more co-ordinated fashion cannot be understated because the challenge of providing affordable housing in Calgary is daunting. It's a problem the City, as well as other Canadian municipalities, have been struggling to address for several years – despite the best of intentions.

Former King Edward School is reborn as hub for the Calgary arts community

Once a sandstone monolith surrounded by bald prairie, King Edward School has seen countless generations of students pass through its hallways. Its slate staircases bear faint grooves from more than a century of feet, including the hard-soled boots of soldiers that once used its basement for rifle-range training.

Now, 105 years later, the inner-city community of South Calgary surrounds the school, which is undergoing a massive $33.5-million transformation into an arts incubator and artistic venue called cSPACE King Edward.

The school closed in 2001, and was eventually acquired by cSPACE, a social enterprise real estate company that provides rental space, property management and community development. Capital funding for the project has come from the City, province, Calgary Foundation and other organizations.

Will a home makeover make you money?

There are many motivations for renovating a home: expanding the space, upgrading the look or even making the neighbours jealous. While they're all valid, the hope to enrich a house's value along with its appearance is one reason that's often cited. And though there's nothing wrong with that on the surface, it's important to dig deeper to see if a higher home value is really in the cards before taking the renovation plunge.

"It really depends on the type and purpose of the renovation," said Greg Macdonald, president and founder of Sage Appraisals in Calgary and a 23-year veteran of the appraisal business.

"I stress to people that the cost of improvements won't always equal the increase in market value. Developing your basement might give you a 50- to 75-per-cent return and the payoff for landscaping is minimal. With certain unique items, like pools, your return will be next to nothing."

Shane Rennie is putting his renovation expertise to work on his family's new Scarboro home

Shane Rennie and his wife Nilo are seasoned renovators. Rennie owns Rectangle Design Inc., a design, build and renovation company, so he knows the business inside and out. And together, the couple has renovated more than a dozen of their own personal homes. They had been living in Marda Loop, but it was time for a change. They wanted a quieter neighbourhood, close to a great school, where they could raise their two children, who are eight and 10. They also wanted a home with great bones that they could put their personal stamp on. After almost a year of searching, they found a 1,400-square-foot, mid-century, split-level home on the ridge in the century-old neighbourhood of Scarboro and are currently in the midst of renovating.

Calgary-area rural communities offer residents a quiet retreat from the hustle and bustle of the city

As a former farm kid, four-time Canadian bareback champion, and former Calgary Stampede rodeo and chuckwagon manager, Robin Burwash has spent almost every day of his life enjoying the rural-lifestyle dream he now sells as a REALTOR®.

When he talks of finding space and relaxation amidst the trees and hills of acreage properties around Calgary, it comes from personal experiences.

Burwash spent 16 years as a professional bareback rider, and grew up on a farm that eventually became part of the city, not far off of Country Hills Boulevard.

During the years he spent working in Calgary with the Stampede, the best moment of his 45-minute commute to his Black Diamond acreage, he says, was crossing the city limits and entering the wide-open space of the country.

Looking back at 25 years of Heritage Pointe

"Lots of people thought we were crazy to build way out here in the boonies," said Carolina Oxtoby about her company's decision to develop a golf-course community on farmland south of Calgary.

It was 27 years ago when the land on Dunbow Road was purchased, and only two years later, the Heritage Pointe Golf Club was born, with big plans in the works for an upscale, country-residential community to complement it.

Western heritage is a part of everyday life for residents of Calgary-area ranching communities

While the Calgary Stampede offers Calgarians a mere 10 days each year to indulge in Alberta's ranching and cowboy heritage, that heritage is celebrated every day by residents of communities surrounding the city, including Cochrane, Longview and Turner Valley.

"Cochrane is here because of ranching," said Cochrane town councillor Tara McFadden. Cochrane is named after the man who, in 1881, started the Cochrane Ranche – Alberta's first large-scale livestock operation and a site that remains one of Cochrane's prime attractions.

"Cochrane's ranching history is very important to the Town of Cochrane today. We actively take great pride in keeping it as part of Cochrane's attraction," said McFadden, noting, for example, that the town requires any new building erected within its boundaries to reflect a Western heritage design.

A novel place to plant your savings

Given the fickle Canadian climate, farming for a living is often viewed as a risky proposition. Buying farmland, however, is attracting some interest from Calgary investors seeking a hedge against inflation that will also produce goods and generate income.

The two most common ways to make money from farmland are capital appreciation – when the land increases in value - and income. That income can be from cash rent, calculated by dollars per cultivated acre, or a crop share, where the investor receives a share of the total crop sales each year, usually about 20-30 per cent.

"Farmland has been a tremendous investment over the last 10 years," said J.P. Gervais, chief agricultural economist for Farm Credit Canada. "Not only have land values been rising, but returns from farming have been very strong, with farm cash receipts increasing on a national level by an average of $2 billion a year for the past decade."

Buying a home with renovations in mind

Over the years, designer, builder and renovator, Shane Rennie of Rectangle Design Inc. has seen a consistent trend emerge when it comes to renovations.

"Most people are looking for a long-term investment, a family home, a place that they can see themselves in 15 or 20 years and they are looking to renovate to suit, so that the home lasts a lifetime," said Rennie.

But renovating an entire home at once is often out of most people's price range.

"The trend now is to renovate in phases," said Rennie, who recently purchased a home that he is renovating in three stages. "The home is in a fantastic neighbourhood, but it was at the top of our budget."