Few surprises, but still highlights for Calgary's housing market this past year, say experts

In a year of sales declines, price adjustments and mortgage rule changes, the one constant for Calgary's housing market in 2016 was the number of challenges it faced as the result of soft economic conditions, say industry observers.

Yet officials also maintain challenges for some created opportunities for others. And, perhaps more importantly, there is renewed optimism heading into 2017 thanks to improving numbers during the second half of this year and a series of large energy infrastructure announcements.

Residential development to continue in northwest

Developers in several northwest communities will finally be able to move forward with construction with news the City of Calgary has begun installing a new sewage pipeline through Bowness.

The two-kilometre Bowness Sanitary Trunk will largely be dug with the help of a German machine which will work "around the clock" to drill a one-metre wide tunnel from 13th Avenue N.W. to Bow Crescent N.W.

Addition of the new line, which is expected to be completed in fall 2016, will allow development that had been on hold due to sewer capacity concerns to move forward in the communities of Bowness, Canada Olympic Park, Crestmont, Greenwood/Greenbriar, Rockyridge, Scenic Acres, Silver Springs, Tuscany, Valley Ridge and Varsity.