North the hot spot for 2016 multi-family building permits
Demand for new multi-family development in Calgary last year was led by communities on the north side of the city.
Four of the six busiest communities for permit applications to build multi-family development in 2016 were in either northeast or northwest Calgary, says the city’s planning and development department.
Cornerstone, which held a formal community launch in October of last year, paced all communities with 41 multi-family permit applications, says the city. The community by Walton Development and Management sits east of SkyView Ranch in northeast Calgary.
“Market demand has been consistently strong for condominium product in northeast Calgary, as was reflected in Walton’s adjacent SkyView Ranch community,” says Kendra Milne, Walton’s vice-president of marketing.
“Our partners are busy putting their plans and designs together for these Cornerstone options, with exciting product launches in 2017 and 2018.”
Truman Homes, which is one of five builders in the community, looks to bring its Yorke Townhomes and an apartment-style condo development called Novella to Cornerstone in 2017.
“It’s the way the market has been headed for quite a while now,” says Oliver Trutina, Truman’s vicepresident. He said affordability is a major factor in this economic climate “and all our developments including Cornerstone address that.”
Other attached product currently offered in Cornerstone include street-oriented townhomes by Shane Homes and Jayman Built.
Following Cornerstone were 17 multi-family building permit applications from Copperfield in southeast Calgary, 16 each from Nolan Hill and Cityscape, and 15 each from Evanston and Silverado, says the city.
Copperfield is a community by Hopewell Residential with apartment- style condos and townhomes. Brad Remington Homes is offering condos and Hopewell has townhomes, while StoneCroft has development in both segments.
Cityscape by Mattamy Homes is in the city’s northeast. All homes in the community, accessed off Metis Trail, are built by Mattamy, including townhomes.
Nolan Hill is a northwest Calgary community by United Communities. It has townhome development by Cardel Lifestyles, Morrison Homes Multi-Family Division, Jayman Built, and Cedarglen Living.
Staying in northwest Calgary’s Symons Valley corridor, Evanston by Qualico Communities has townhome developments by Brookfield Residential, Partners Development Group, and Streetside Development.
Silverado, near Spruce Meadows in Calgary’s southwest, is selling townhomes from Streetside and Avi Urban.