Business in Calgary - October 2020

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Building Legacies

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SHANE HOMES GETS PERSONAL

R ESILIENCY IS THE KEY

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CALGARY CHAMBER SECTION

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Grow your Business with our Experience Cadillac Fairview offers a diverse real estate portfolio complemented with comprehensive property management services. Through the strength of ownership, strategic acquisitions, and development, Cadillac Fairview provides innovative, sustainable and functional facilities that are able to deliver exceptional solutions to tenants.

SHELL CENTRE

CALGARY CITY CENTRE

215 2 STREET SW

400 4TH AVENUE SW

This LEED Platinum building opened the doors in 2016.

Calgary City Centre is anchored in Calgary’s remarkable Eau Claire area.

The building has a first-class fitness facility, professional conference centre and more.

• LEED Platinum Certified • Class AAA Office • 36 Floors • 26,695 sf Floorplate • Fully Connected to the Core via +15 Walkways • Breathtaking Finishes • Energy Star Certified

A LEED Gold building serving a global tenant. Shell Centre is connected to the core via +15 walkways and blocks from Eau Claire and Calgary’s extended bike lanes.

• LEED Gold Certified • Class A Office • 31 Floors • Retail Space Available • Close to Eau Claire • Global Tenant • Energy Star Certified

ENCOR PLACE

635 8TH AVE

645 7TH AVENUE SW

635 8TH AVENUE SW

Unbeatable location with easy access, in and out of Calgary’s core. Encor Place offers an efficient floorplate providing prominent layouts for all sized tenants. The building’s lobby is finished with stunning marble and granite making it bright and welcoming.

• Class A Office • 29 Floors • BOMA BESt Certified • Located on Calgary’s LRT Line • Connected to the Core via +15 Walkways (April 2017) • Energy Star Certified

This vibrant building has a premier location offering effortless access, in and out of Calgary’s core. 635 8th Avenue is situated on Calgary’s intricate bike lanes.

The building offers efficient floorplates and an energetic atmosphere.

• Class B Office • 25 Floors • BOMA BESt Certified • Cogeneration System • Located on Calgary’s bike lanes • One block from the LRT Line • Energy Star Certified

Calgary City Centre Lobby

Leasing Information: Peter Stack 403.571.2532 peter.stack@cadillacfairview.com

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Supporting the visions of entrepreneurs one story at a time.

Volume 30 | Number 10

REGULAR COLUMNS

9

Three Years Down; One to Go (a Council Report Card)

By Brad Field

12

The Solutions for Healthy Aging

By Garth Mann

CONTENTS

65 86

COVER FEATURE

30

Building Legacies Shane Homes gets personal

By John Hardy

ON OUR COVER: ABOVE: CAL WENZEL THE FOUNDER, CEO AND CVO (CHIEF VISIONARY OFFICER) AND SHANE WENZEL THE PRESIDENT OF CALGARY’S SHANE HOMES GROUP OF COMPANIES. PHOTO SOURCE: RIVERWOOD PHOTOGRAPHY

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Calgary Chamber of Commerce Parker’s Pen

By David Parker

CALGARY’S BEST-SELLING URBAN COMMUNITY

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Supporting the visions of entrepreneurs one story at a time.

Volume 30 | Number 10

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THIS MONTH’S FEATURES

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CONTENTS COMPANY PROFILES

79

53

T aking a Byte out of Covid-19 Calgary IT community preserving through pandemic

By Jamie Zachary

H as COVID Affected Real Estate and Recreational Investment Purchases?

The Long-term Benefits of Buying in a Down Market

By Erlynn Gococo

61

C algary’s Commercial Real Estate Crunch “Ch-ch-changes”-David Bowie 1972

By John Hardy

Curve Distribution

70

Celebrates 10 Years

76

R esiliency is the Key Small business looks ahead

By John Hardy

D igital reality hits close to home, business COVID-19 prompts further proliferation of online alternatives

By Jamie Zachary

22 79 6

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WHAT ARE

SENIORS GREATEST

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THE COMMUNITY WITH HEART

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The Manor Village at Signature Park

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The Manor Village at Fish Creek Park

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22 Shawnee Hill SW (587) 392-2400

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ACCOUNTING

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THIS ISSUE’S CONTRIBUTORS Melanie Darbyshire Rennay Craats Jamie Zachary Erlynn Gococo John Hardy

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THREE YEARS DOWN; ONE TO GO (A COUNCIL REPORT CARD) // BRAD FIELD

Three Years Down; One to Go (a Council Report Card)

BY BRAD FIELD

O

ctober 16, 2017. The last Calgary municipal election.

The headlines told us Calgarians sought change; the ballot box told a different story. Every incumbent won re-election, and the only new faces on council were elected to open seats. With approximately 390,000 votes cast, only 30,000 votes separated the two-term Mayor from his closest competitor. As Calgarians watched the numbers come in, the next four years were set to look much like the past four.

I’ve never written a report card for anyone before, but today is as good as any to start. Taking a look at the top issues identified

by Calgarians, if A is for excellence, and F is for failure, what is the appropriate letter for an express lack of enthusiasm? M? Outside of that one pesky expense scandal, the lights have been kept on, some even changed out for lower-light pollution street bulbs. Calgarians deserve better than four wasted years.

An early 2020 Macleans article quoted the current Mayor as saying: “I feel like 2019 was the worst year I’ve experienced in this job. There were days, especially in the middle part of the year, when I was kind of going: ‘What am I actually accomplishing here?’”. With that sentiment extending to all of Council, many wonder the same thing.

Council’s best mark is probably on its COVID-19 response.

The Mayor deserves credit for managing a crisis well, and his communication style and social media presence helped during the flood and again here, though there was some early confusion. The overall response likely warrants a B. On taxation, the grade is a clear F. Before COVID, Calgarians had seen no meaningful steps taken to even maintain tax levels. Amid shuttered business and high unemployment rates, taxes and fees are being rebooted, increases are planned, and Council has discussed 32 new ways to place the burden on Calgarians. Council has failed to take stock of

the economy and COVID-19 and reprioritize its objectives accordingly. Naysayers may call this a misunderstanding of civic realities. I call it failing to lead and adapt.

On community safety, entrenched ideologies prevent a reasonable conversation. On the critical issues of homelessness, drug addiction, and policing, Council has done some good work but defaults to either/or positions, not creative solutions. The grade might be a C. Transportation is a similarly low grade. Final Green Line approval descended into a divisive battle over a pricey project that still will not reach the north-central communities that need it most. Bike lanes are so over-engineered that they frustrate all user groups. Moving people efficiently around the city is a critical component of our city planning.

The arena deal, the grade is a D at best. Whether you argue for or against, it was up to Municipal leadership to lead.

Instead, it took years to get a deal done, as ideology and ego got in the way.

Oversight of City administration: Council’s core job. Big F. Our City Manager resigned, our per-capita costs are through the roof, and our civil servants are demoralized and unmotivated.

With our next municipal election only one year out, all business leaders and all Calgarians should be paying attention to municipal politics. This will be the most important civic election in a generation: Calgarians need to reimagine and reignite the energy and creativity that made Calgary a magnet for talent in the past. As we head into another campaign period, ask yourself whether Calgary has the City Council it needs for this challenging period in our history. If the answer is no, I’ll see you on the campaign trail.

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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OF ENERGY

OCTOBER 2020

THE BENEFITS OF ENERGY

CHIEF MEL GRANDJAMB ON THE PRESENT AND FUTURE OF THE FORT MCKAY FIRST NATION

OF ENERGY VOL 2, ISSUE 3 | OCTOBER 2020

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Alberta’s Oil And Gas Recovery Is Well Underway

by David Yager

Cover: The Benefits of Energy

by Melanie Darbyshire

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Profile: TNT Engineering Ltd. FEBRUARY 2019

by Renaay Craats The Perils of Unintended Consequences and Energy Divestment

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David Yager | Alberta’s Oil And Gas Recovery Is Well Underway

ALBERTA’S OIL AND GAS RECOVERY IS WELL UNDERWAY

by David Yager

T

he old saying goes, “No news is good news.” It should say, “Good news is no news.” Because bad news makes catchier headlines, grabs eyeballs and attracts readers.

In 2020 filling empty paper and screens with bad news has been easy. Since the COVID-19 disaster began early this year, the onslaught has been relentless. Alberta’s prospects appear awful to worse. Layoffs. Reduced investment. Business closures. Bankruptcies.

Massive deficits.

Further, the “cancel culture” has chosen this particular moment to rewrite history and demand human behavior modifications. This is unsettling given the economic challenges.

As a result, too many have missed the fact that oil prices have staged a significant recovery since the dark days of March and April. And natural gas prices are unaffected and are substantially higher than in the past two years.

This means is Alberta’s oil and gas recovery is underway. Things will get better before they get worse. Here’s some data. Decide for yourself.

Postmedia carried a story in late August highlighting the remarkable recovery in global oil demand since April, the largest growth in

crude consumption in the shortest period of time in history. People are driving again in the U.S. Economies are opening up in Asia and Europe, also increasing demand for transportation fuel.

Regardless, the headline for an otherwise positive story was negative. “Crude consumption rebounds from April lows despite concerns about peak oil demand – But a full recovery would be contingent on how quickly a vaccine could be developed.”

This headline is curiously qualified. Since March we’ve been told that fossil fuels are in irreversible decline, renewables rule, and there is no chance for oil demand to recover without a COVID vaccine. Fossil fuel opponents have gleefully declared the end of the oil era.

But the actual data did not support the official narrative.

Since April there has been record growth in global oil demand which is now almost at 90% of the all-time record high of 100 million reached in late 2019. A study by consultancy IHS Markit indicated that by the end of 2020 consumption would be in the range of 92 million to 95 million b/d, almost a complete recovery. Without a vaccine.

4 • Business of Energy • October 2020

The website reported global COVID-19 related deaths at about 840,000. This is the statistic everyone talks about, but it is about two per cent of total mortalities from all causes.

This is congruent with data from Washington DC’s Energy Information Administration (EIA) which figures the world will enter 2021 consuming 97 million b/d and will back at 2019 levels by next summer. The EIA doesn’t know if and when a vaccine will be developed, nor does is factor such variables into its forecasts.

Oil’s pricing outlook is positive. Because of the drop in spending and drilling worldwide and high decline rates (U.S production from shale oil areas is estimated to fall by at least 3 million b/d this year) - and a steady hand on supply management for OPEC+ - EIA data shows demand outstripping supply at the end of June. This will cause continued inventory reductions. More analysts are becoming very bullish on crude prices.

How can this be? Because there are 7.8 billion people in the world that all the tall foreheads speak for, all the advice dispensers speak to, but nobody speaks with.

Here’s some statistics you’ll rarely see reproduced anywhere. According to website worldmeter.com, August ended with over 7.8 billion fellow earthlings. Since 2020 began, more than 93 million people had been born, nearly 40 million died, and the net gain in population exceeded 54 million. That’s almost 50 per cent more than the total population of Canada.

The website reported global COVID-19 related deaths at about 840,000. This is the statistic everyone talks about, but it is about two per cent of total mortalities from all causes.

After eight months of 2020, the planet had 54 million more future fossil fuel consumers than when the year began. Big number. Because outside of the few totally isolated tribes of Indigenous people living in the dense jungles of South America or Southeast Asia, everybody on earth buys an oil, natural gas or coal product of some sort, even it is only plastic.

Every day 7.8 billion people get up and make their basic decisions about staying alive. Food.

Clothing. Shelter. Medicine. Transportation. Communications. The overwhelming majority will not read any of the headlines that dominate our media or seek more dire warnings about the end of life on earth as we know it from David Suzuki or Elizabeth May. They will buy the cheapest energy and food they can find. Right now the fuel comes from oil and the food is probably packaged or shipped in plastic. Notice that crusades to ban plastics have gone silent.

That is why oil demand and prices are recovering, trends that will continue. With stable production coming from Alberta’s oil sands, our province will participate through both rising volume and prices.

Another piece of great news everybody is too busy being discouraged or terrified to notice is the price of natural gas which is significantly higher than a year ago. In fact, 2020 gas prices are the best since 2017.

5 • Business of Energy • October 2020

Alberta’s Oil And Gas Recovery Is Well Underway

“

Alberta’s Oil And Gas Recovery Is Well Underway | David Yager

David Yager | Alberta’s Oil And Gas Recovery Is Well Underway

When the UCP formed government in April of 2019, Premier Jason Kenney created a separate ministry for natural gas. One of the big problems in recent years has been the transportation infrastructure between the main source of new supplies in the northwest and the legacy gas storage reservoirs in the southeast. The original Nova gas gathering system was overloaded during the summer when it operated at reduced capacity for maintenance and repairs.

When pipeline capacity was reduced, Nova bumped the “spot” gas destined for storage in the southeast but continued to ship the contracted gas. This collapsed spot prices for AECO gas going south and east and what is called Westcoast Station 2 gas in BC headed south and west. Producers didn’t shut it in because it was a by-product of the more valuable liquids and petroleum.

The Alberta Reference Price for natural gas for the four months from June to September 2019 averaged only $0.75 per Gigajoule (GJ). When gas powered the province this used four to 10 dollars. For the same period in 2018 the price average only $0.97/GJ. A year ago the province and producers convinced TC Energy (Nova’s owner) and the Canadian Energy Regulator (formerly the National Energy Board) to review Nova’s tolling mechanism. At the same time TC Energy continued to invest in increased gas transmission capacity from Alberta’s northwest to southeast.

When the tolling was changed last fall, gas spiked and has stayed at much higher levels ever since.

The spot price for AECO gas on August 26 was $2.60/GJ, $2.26 higher than the same day a year ago. The price at Westcoast Station B in BC was also about $2.60/GJ, $2.07 more than in 2019.

In recent years gas has been the rump of an industry dominated by oil. But in 2020, yesterday’s zero is today’s hero. The Alberta Reference price for June was $1.65/GJ, three times the 2019 price. For July the average price was $1.77 and August close to $1.90. These are both more than double 2019’s levels.

ARC Energy Research Institute estimates that the average price for gas this year will be $2/GJ for AECO. That is 17 per cent higher than in 2019 and 37 per cent higher than 2018. The fact that drilling

of new wells this year is awful is well known.

What you have to hunt for to learn is that number of actives drilling rigs in BC in August was higher than same period a year ago. Why? Thank gas.

Futures prices are also strong. The spot price for September 2021 delivery in late August was $2.50/GJ. Only a month ago it was $2.10 and a year ago it was only $1.60.

Only the trade press carried the story that U.S natural gas consumption for electricity generation reached an all-time record level in July because 103 former coal-fired generating plants switched to this cleaner fuel or were replaced by gas-fueled generators.

Or that Californians endured electricity blackouts because the renewables so many adore couldn’t handle the demand. So the state promised to add more gas-powered generation as backup.

This is all good news you won’t see often unless you work in or are associated with the oil and gas industry and know where to find it.

Lost in the relentless onslaught of relentless negative media is that construction continues for the Trans Mountain oil pipeline expansion to the lower mainland of BC and the Pacific Coastal Gaslink natural gas pipeline to the LNG Canada facility and terminal at Kitimat.

The main media coverage for these projects in recent months has not been their promising contributions to future prosperity, but whether or not continued operations were reckless breeding grounds for COVID-19 spreading and contamination.

No matter what you’ve read, what you’ve heard or what you’ve been told, rumors of the impending demise of fossil fuels are greatly exaggerated.

That’s because 7.8 billion people want a better life and, unless prohibited, will make rational decisions to secure the highest quality necessities of survival at the lowest possible cost.

This bodes very well for Alberta.

B O E

David Yager is an oil service executive, oil and gas writer, energy policy analyst and author of From Miracle to Menace – Alberta, A Carbon Story. He lives in Calgary.

6 • Business of Energy • October 2020

The Benefits of Energy | Melanie Darbyshire

Chief Mel Grandjamb.

Photo by Crystal Mercredi.

THE BENEFITS OF ENERGY

CHIEF MEL GRANDJAMB ON THE PRESENT AND FUTURE OF THE FORT MCKAY FIRST NATION

A

by Melanie Darbyshire

s one of Canada’s wealthiest First Nations, the Fort McKay First Nation (FMFN) derives much of its prosperity from involvement in and partnerships with the energy industry. Its location - 60 kilometres north of Fort McMurray, along the banks of the

Athabasca River - sets it squarely in oilsands territory and FMFN has, since the1970s, been a keen participant in the sector.

Today, 11 FMFN owned companies generate 65 per cent of the nation’s yearly income ($47.9

7 • Business of Energy • October 2020

“

Melanie Darbyshire | The Benefits of Energy

“Every company in the area is involved in the community,” Grandjamb continues.

“They participate in treaty days and different events. As much as we know there is disruption to the land, we have to ensure positive working relationships.”

million in 2018/19), providing critical programs and services to its 840 members. These companies produce in excess of $200 million annually in salary and wages and over $70 million in taxes, CPP and EI to the federal government.

Beginning in 1986 with a single janitorial contract, the Fort McKay Group of Companies (FMGOC) and Nation owned businesses have evolved over time and now span a range of sectors, predominantly in or associated with the energy industry. They serve corporate clients in northeastern Alberta in the oilsands, pipeline, forestry and public sectors.

“Our members reap the rewards of positive industry growth,” FMFN Chief Mel Grandjamb says proudly. “We provide business per capita distributions to every member, including minors (in trust). This is after we’ve reinvested back into programming and infrastructure for the community.” These distributions accumulate such that members regularly receive $100,000 cash when they turn 18. “When the youth turn 18 they are required to take a fiscal responsibility course,” Grandjamb adds.

the form of long-term sustainability agreements.

“We’ve benefited over $150 million in the last 10 years,” Grandjamb explains. “And we’ve secured funding for the next 40 to 50 years. These are from sound, sustainable agreements negotiated between our Nation and the oilsands players which address environmental, health, safety and socioeconomic impacts.”

“Every company in the area is involved in the community,” he continues. “They participate in treaty days and different events. As much as we know there is disruption to the land, we have to ensure positive working relationships.”

The land has been home to FMFN since 1820, and coincides with the placement of the Hudson Bay Company (HBC) trading post in the area.

The community was named after Dr. William Morrison MacKay, Alberta’s first resident doctor and first President of the Northern Alberta Medical Association, in 1912. FMFN is signatory to Treaty 8 and also has reserves 174A at Gardiner (Moose) Lake and 174B at Namur (Buffalo) Lake, approximately 65 kilometres northwest of FMFN.

Grandjamb, who is also FMFN Fire Chief, grew up on the Nation. Prior to becoming Chief he gained 30 years’ construction and industry experience and a designation in Building Construction Engineering Technology and Project Management from NAIT. He has held roles within FMFN, with Frog Lake First Nation and at Syncrude Canada.

“Our people were a nomadic people, following the game,” Grandjamb explains. “After the HBC trading post was established, we got into the fur trade. Then in the 1970s the exploration for oil began. The fur trade was declining and so the community decided to partake in the oilsands.

It was a bold move, because we were changing lifestyles. But Fort McKay learned to be adaptive and grew up very fast in the 1970s and 1980s.”

He highlights the good relationships FMFN enjoys with industry players like Syncrude, in

Today, there are four separate companies under the FMGOC banner: Fort McKay

8 • Business of Energy • October 2020

The Benefits of Energy | Melanie Darbyshire

In all, FMFN companies employ 2,000 direct employees, including 400 band members. “Our community is small, we have a membership of 840,” Grandjamb reflects. “I keep telling this to our young generation, that it’s a positive thing. We’ve got enough jobs to employ every one of our people if we wanted!”

FMSS is a medium to heavy civil contractor. With 100 pieces of heavy equipment and an experienced labour force year round, it provides civil and mining services to long and short term oil sands projects. “Of all the nations we’re the only one that self-performs work.

Meaning there’s no joint venture, no partnership, it’s strictly self-performing.”

FML is a limited partnership which originated in 1997 as a mail delivery and shuttle service at Syncrude Canada. Today it accepts and transports material worldwide, with 174 pieces of equipment and 355 employees.

Rising Sun is a joint venture Aboriginal business majority owned by the FMGOC and minority owned by Kaizen Automotive Group. Located in the Fort McKay Industrial Park, it has the only GM Warranty approved automotive service centre in the area. Birch Mountain, a successful hydrovac services operation, is the latest addition to the FMGOC group of companies.

The seven other companies in which FMFN is an owner in are: • Poplar Point Catering: a remote lodging service company; • Soogadin (“powerfully built” in Cree) Services LP: provides green and brown-field projects, shutdown/turnaround work, and specialized long-term facility maintenance; • First North Catering: a high quality camp facilities and operator; • Dene Koe LP: provides remote lodging services, business cooperation and community engagement; • Caribou Energy Park: an industrial park located 54 kilometres north of Fort McMurray and supporting commercial industries supplying the oilsands; • First Nations ETF LP: owns and operates a bitumen cooling, blending and storage facility; • Hammerstone Corporation: owns and operates the Muskeg Valley Quarry, covering 3,600 acres with over 750 million tonnes of limestone and gravel reserves; “Our business interests have evolved over time as we’ve continued to realign ourselves with the economic opportunities that we can execute well,” Grandjamb offers. “In today’s market you’ve got to have high service delivery, and of course maintain a good bottom line, otherwise you’re not viable. Over the years we’ve found that self-performing medium to heavy civil is good for returns. Logistics was a nice long term five-year contract. So those were good fits.”

“At the same time we’ve got to think about our human resources, our people,” he continues.

“We have to create a plan so that every one of our members should run these group of companies. Our members should be the heavy equipment operator, should be doing logistics, moving freight. And then down the road our members should be the CEO, the CFO. So we’re always looking at the community and our human inventories.”

9 • Business of Energy • October 2020

The Benefits of Energy

Strategic Services (FMSS), Fort McKay Logistics (FML), Rising Sun Services and Birch Mountain Enterprises. This is in addition to the seven companies in which the Nation has ownership.

Melanie Darbyshire | The Benefits of Energy

To this end, the Nation has a directive that every FMFN employee has a career plan. There is also an internship program to allow young members to try out different jobs in order to pick their best fit.

The economic benefits realized by FMFN have translated into an extensive list of community facilities. These include a band office and health centre, a daycare, an elder’s drop-in centre, two separate youth centres (one for elementary aged kids, one for teenagers), an arena, a business centre, a fitness centre and the Riverside Continuing Care centre for elders. A new school for kindergarten through grade nine students is currently under construction.

Given the lower price of oil over the last few years, FMFN has worked to diversify its business interests. “There are a number of initiatives we’re currently undertaking that are a bit high level,” Grandjamb explains. “We’re looking at putting a refinery on one of our reserves to support one of the oilsands plants. We’re also actively engaged in commercial property in Edmonton and we’re looking at some solar projects.”

One important future project however is in the oilsands. Fort McKay Oilsands Development LLP is a newly incorporated band-owned company, currently in the exploration and planning stage examining how to responsibly develop two leases in the heart of the oilsands region. These lands are adjacent to various open pit oilsands leases currently held by Suncor and CNRL. “We are gathering all our data to assess the value of the potential bitumen reserves,” Grandjamb says. “The numbers that we’re hearing are phenomenal. We’re talking 400 to 500 million barrels.”

The development currently being considered is open pit mining and bitumen extraction with a responsible development approach using most advanced technology possible. “We’re going to identify and determine what the reserves are and have a lot of community sessions to decide on how to proceed, because this is big.

We’ve got to outline all scenarios, pros and cons. Preliminarily, without having full blown community voting, it’s being received very well.”

The opportunity is a game-changer for FMFN. “The revenue we will receive from these oil sand

plants will put Fort McKay in a position where we will never have to depend on funding from any B one,” Grandjamb marvels. “That is our plan.” OE ABOVE: TIPI AND FORT MCKAY FIRST NATION BAND HALL, THE NEW ELSIE FABIAN SCHOOL IN FORT MCKAY, DUE FOR COMPETITION IN 2022 (RENDERING), MOOSE LAKE AND THE RIVERSIDE CONTINUING CARE CENTRE FOR ELDERS.

10 • Business of Energy • October 2020

Trevor Kearnes, Neil Gunderman, Jana McDonald and Trevor Skippen Photo by Courtney Lovgren.

TNT Engineering Celebrates a Decade of Service

by Rennay Craats

T

he three principals at TNT Engineering may have different skillsets and experiences in the industry but they share a sense of pride in doing the job well for their valued clients. That’s exactly what made them ideal partners to form a unique engineering firm. In 2010, Neil Gunderman, Trevor Kearnes and Trevor Skippen came together to create an innovative EPCM oil and gas services company that has served the Canadian and international markets ever since.

move for them to leave their firms and start this up with me,” says Gunderman.

Kearnes and Skippen worked at a different engineering firm and Gunderman spent his career in the field doing project management and construction supervision. The three crossed paths on various projects and not only worked well together but genuinely enjoyed each other’s company.

Since the beginning, the principals were selective about who they added to their team, seeking only those professionals who mirrored the founders’ dedication to high-quality standards and a positive culture. The result is a complement of skilled staff experienced in all areas of the business that is leading the company into its second decade and establishing TNT as a trusted partner for oil and gas companies.

“I was looking for a change and the three of us got together and we decided that it would be a good

It was a great decision. They started as a firm of three, each wearing every necessary hat to get the company off the ground. Within a year they hired engineers, draftspeople and administrators to bring the employee total to 10, and three years in they had reached their goal of 40.

TNT Engineering || 10 Years

11

Montney multi-well pa

Rendering of an oil battery we completed and designed by TNT Engineering. Start of engineering to commissioning was completed in less than 6 months.

“As an Engineering Procurement Construction and Management company, we do it all. We do the detailed engineering, design, drafting for electrical, mechanical, process, and civil,” says Gunderman.

“The field experience is something that really sets us apart—having not only the technical side but the practical knowledge.”

quick turnaround for clients. The team can make and implement decisions quickly, which allows the company to adapt and navigate a wider range of sectors for its clients than its larger competition.

TNT unites field expertise and engineering to deliver well-designed solutions to complex challenges, on time and on budget. By offering the advantage of single-source efficiency, the firm supports the entire project from the engineering, automation, and management to inspection, regulatory and operations support. Over the years, TNT Engineering has diversified its offerings across Western Canada, northern United States, Latin America and the Middle East. It provides expertise in such areas as pipeline modelling, compressor stations, day-to-day operations, optimization of oil and gas facilities, and design and evaluation of water injection systems. It also excels in installation and expansion of oil batteries and design and construction management of upstream oil and gas projects.

“We make ourselves available 24/7 for our clients, and we are fast to respond to client issues,” adds Skippen.

There is little the TNT team can’t do, from offering an extra set of eyes on a design up to $250-million projects and everything in between. As a small firm, TNT Engineering is nimble and can provide

TNT Engineering || 10 Years || 2

“We have the efficiency of a small company but we can handle jobs like we’re much larger,” says Gunderman.

TNT is the best of both worlds. Clients enjoy the individual attention and tailored solutions the small firm provides while benefiting from big-firm quality standards that come with the vast experience attached to the high-calibre project teams. TNT also boasts a unique mix of field and engineering not found in many firms. Gunderman’s field focus and expertise allows TNT to see things from both sides and ensures both are represented. They pride themselves on effective communication with contractors and tradespeople in the field and by speaking the same language, the job gets done right and done well.

TNT Engineering has spent the last 10 years exceeding clients’ expectations with its creative designs and solutions. While project managers work within an increasingly diverse portfolio, they have built a solid reputation in the Montney play.

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TNT is the best of both worlds. Clients enjoy the individual attention and tailored solutions the small firm provides while benefiting from big-firm quality standards that come with the vast experience attached to the highcalibre project teams.

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“We’ve been doing a lot in northeastern BC with highvolume gas wells. We’ve spent a lot of time and effort making these efficient,” says Trevor Kearnes. “We’re on the leading edge of design for multi-well pads.”

The work they have done there fits with their mission to provide quality services that are also environmental, cost-effective and efficient for clients. The founders all have a great foundation in Montney projects and worked together on some before they even formed their firm. They carried that expertise into TNT where they continue to engineer well tie-ins, compression stations, gathering systems, and sales pipelines for several clients in the area.

TNT also completed engineering and design for three well tie-ins along with an expansion to an oil CPF in Iraq. TNT performed a 3D scan of an existing central processing facility that was increasing throughput from 10,000 to 35,000 barrels a day, and prepared a 3D model of all-new piping and equipment with accuracy to within a couple millimetres. Off-site fabrication was necessary and everything was modularized, fitting perfectly.

Customers can count on quality domestically and

TNT Engineering || 10 Years || 3

internationally, that’s what keeps them coming back; clients are loyal and TNT’s approach helps them retain their clients, as well as their staff, long term.

TNT treats staff like family and the culture is one of collaboration, support and respect. It is also one

Kurdistan, Iraq

Congratulations to TNT Engineering Ltd. on your 10 year Anniversary!

of community. The company is involved in various community groups including the Mustard Seed, Calgary Stampede, and the Drop-In Centre and the team supports causes close to their hearts, from helping veterans to single mothers to troubled youth.

Instrument Air Compressors - VRU Compressors - Tank Vents (PVRVs) - Casing Gas Compressors - Flare Knockouts - Flare Stacks - Flame & Detonation Arrestors

The principals are invested in the team’s success, are hands-on, involved with projects and mentor project managers, all without micromanaging the very capable team.

w w w. r u s s e l m e t a l s . c o m

3410, 53rd Ave. Lacombe, AB T4L 0B5 | www.envisionmanufacturing.ca

Congratulations on your first 10 years!

It’s always a pleasure working with TNT Engineering Ltd.

“They started an engineering firm because they knew they could do it better than anybody else.

They only pick people who are cut from the same cloth—and none of us is going anywhere. It’s a strong company culture and the people who are here want to be here through thick and thin,” says Jana McDonald, director of business development and client relations.

Through thick and thin, the good times and these challenging ones, TNT Engineering has established an enduring reputation for excellence that will carry it into its next 10 years.

From our work family to yours, CONGRATULATIONS on 10 years!

“Excellence all the way down the line.”

8-26103 Hwy 12, R.R.#4 Lacombe, Alberta (403) 782-2756 www.vikingprojects.ca

TNT Engineering || 10 Years || 4

Suite 600 - 639 5th Avenue South West Calgary, AB T2P 0M9, Canada Main 403 387 2500 | Fax 403 387 2535

www.tnteng.ca

The Perils of Unintended Consequences and Energy Divestment | Cody Battershill

THE PERILS OF UNINTENDED CONSEQUENCES AND ENERGY DIVESTMENT

by Cody Battershill

W

hether it’s major insurers, universities or large banks, divestment campaigns continue to grab headlines across the country.

What seems on the outside to be a straightforward example of ‘voting with your dollars’ is, on closer inspection, an investment approach fraught with unintended, highly problematic consequences.

Here’s an example. Recently, thousands of oil and gas supporters from coast to coast to coast have sent messages to global insurance companies in response to misinformation campaigns from activist groups trying to hurt our Canadian energy sector.

Global insurers like Zurich and others are under heavy activist pressure to drop all their business with TMX. The intention is for the activists to halt TMX in its tracks.

It doesn’t appear to matter that that Canadian standards for environment, health and safety are the highest among global suppliers, and that 93 per cent of Indigenous communities who were consulted through the TMX public process supported the project or did not object. Canada’s continuing innovations in clean technology and reducing emissions per barrel are also ignored.

But investors have tools that, when reasonably applied, will match up investment dollars with reputable projects. One tool is collectively known as the environmental, social and governance (ESG) investor criteria. Any fair ESG analysis of Canadian oil and gas shows Canada sits comfortable atop the world’s largest ten oil exporters – on virtually every metric.

So, once oil demand for 2021 surpasses 2019 figures and continues with its historic growth pattern as projected, where do divestment activists think the world should obtain its liquid energy? Here’s a hint.

A few years ago a well-publicized activist crusade pressured HSBC Canada to sever ties with Canada’s innovative, highly regulated oil sands.

After years of mudslinging from Stand.Earth and its friends, HSBC caved in to activist demands and took its investment capital elsewhere.

It instead turned to places like Saudi Arabia.

To say the Saudis are not widely known for their leadership on the environment and human rights is a real understatement. The divestment of HSBC from the Canadian energy sector while at the same time doing more with Saudi Arabia was a classic example of an unintended consequence.

TMX was reviewed numerous times, approved and re-approved by governments and the courts, and has the support of a large majority of Canadians from every walk of life.

Given global demand for oil is set to rise over the medium turn, Canadian pipelines protests and energy divestment won’t keep a single barrel of oil in the ground.

If climate action, leadership in renewable energy, a strong regulatory framework for environmental performance, Indigenous support and the best record on social progress and human rights are things investors wish to encourage, then those B investors will support Canadian oil and gas. OE

Cody Battershill is a Calgary realtor and founder/spokesperson for CanadaAction.ca.

15 • Business of Energy • October 2020

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ELITE PROMOTIONAL MARKETING EXPANDS IN CALGARY

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lite Promotional Marketing is proud to be celebrating 20 years in the Calgary community and is now taking things to an exciting new level. This year the company is moving into a new, bigger location with a larger showroom, doubling the footprint of the previous facility.

“This enhanced showroom allows us to showcase more products and solutions for our customers,” says Gord Schamehorn, business development manager. “We are also providing more opportunities for job seekers as we expand, and for businesses to have a local, proven option for their promotional products, awards, and sportswear.”

Elite Promotional Marketing is proudly Albertan and services six major markets in the province.

It has been owned and operated as a family business for 70 years.

“We source and manufacture locally as much as we can,” says Schamehorn.

While Elite is very well known for its high quality promotional products, corporate and team apparel, trade show and event displays, engraving, dye sublimation, cresting and more, the company was among the first to offer local PPE and other COVID-19 safety products when the pandemic hit.

Schamehorn says, “We were able to supply thousands of items of PPE for government, personal, and corporate use.”

PPE items, which are still available, include masks, touch tools, sanitizer, protective covers, face shields, contactless thermometers, gloves, disposable gowns, mask holders, floor stickers, and more. Many of these items can be branded.

“Uncertain times can lead to exciting times,” Schamehorn notes of how quickly Elite was able to offer necessary PPE and COVID-19 safety goods, thanks to its well-established supply lines, industry experience, and manufacturing capabilities.

The company doesn’t just make trophies and awards. They have been known to win quite a few too. Elite Promotional Marketing is humbled and proud to have earned eight consecutive Consumer Choice Awards (2012-2020). Founder and owner Drew Schamehorn also has a Leaders award for his business acumen and community service.

Everyone at Elite is very enthusiastic to continue this tradition of excellence, agility, and customer service in Calgary’s new facility.

“We are super excited to grow in Calgary, to continue to expand, and to lead the industry in this new normal,” Schamehorn concludes.

Learn more about Elite Promotional Marketing and its new facility in Calgary by visiting www. elitepromomarketing.com online and facebook. com/elitepromotionalmarketing or twitter.com/ ElitePromoMark on social media.

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THE SOLUTIONS FOR HEALTHY AGING // GARTH MANN

The Solutions for Healthy Aging

BY GARTH MANN

P

hysicians know that the human body and mind are without a doubt beyond the scope of the finest mechanism or instruments ever created by science.

The capacity of our body & mind, if treated respectfully with exercise & mobility -- proper nourishment—de-stressing which includes sleep enhancement and socialization; are the Key Aspects for healthy aging.

Many Canadians feel that since healthcare is FREE, it has little value to them. They look to their physician and government to be accountable for their health with no responsibility for their own wellness. The percentages of senior Canadians who exercise regularly and properly is statistically low, and this is the principle reason doctors are worn-out trying to educate their patients towards healthy aging, versus prescribing another pill.

Families often wait too long to introduce their senior lovedone(s) to The Manor Village Life Centers, where activity therapists take the responsibility to provide 35 minutes daily for mobility stretch and flex coaching. Some seniors stand and many sit during the programs to music as they exercise vitals—joints—ligaments—muscles for improved health and better coordination and balance.

Many seniors who live alone, have diets that they are not able to metabolize. Being less-mobile requires diet amendments such as the larger meal during mid-day rather than later in the day. As an example, we always start our meals with a fruit cocktail, preceding with a chicken breast cuisine where the chicken is initially boiled in water to soften its texture before sautéing with vegetables and low-salt sauces in a stir-fry, stew or rice bowl.

We are aware of diabetic diets and allergies to dairy, nuts or foods that might cause indigestion and constipation.

Preserving memory with aging involves a proper diet with mobility, but also 7 to 8 hours of quality sleep. MindfulMeditation is a marvelous program where we assist our seniors to practice Breathing Techniques—Positive Thinking—Being Non-Judgmental—Appreciating Themselves—giving Gratitude to avoid Depression. Our TULSI – TEA is served after meditation to help de-stress with happy thoughts.

Socializing with others cannot be emphasized enough.

How can a senior with reduced mobility be expected to live at home alone? People need stimulation, with planned activities, mind stimulating Walks-Down-Memory-Lane, being creative with arts and crafts plus music, as well as entertainment to enhance new neural pathways for avoiding memory loss with aging.

These are the 4 dynamics for Healthy Aging, that should be on all Canadian’s daily agenda for longevity.

Dr. M. Garth Mann is the CEO of Manor Village Life Centers

12

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

L

iftboss Inc. was established in May 2006 by four partners John and Andre Gagnon, Dale Beatty and Marc Tougas to be a one stop shop dealership for all material handling needs. Having worked in the industry before, the four partners, pooled all there resources, previous experience together and designed a new business model to fill the much needed niche that the industry needed.

Liftboss Inc. is an Alberta owned and operated dealership, offering new and used equipment sales, a total parts department, forklift rentals, forklift training, trained and certified mechanics to perform repairs in shop and service vehicles to handle on site repairs. Liftboss Inc. prides it’s self on quick response time to customer’s breakdowns.

Customer service was the reason the company was born, and has captured an impressive share of business for Liftboss. In the past 3 years, the downturn in the Alberta economy has definitely affected the sales activity, but comparatively the service and parts business has noticed substantial growth. The sales team builds portfolios for each client’s needs and service preferences; this way, they can have a conversation with a client instead of simply walking them around the showroom. Their clients appreciate the attention and reward them with repeat business and referrals.

adding JCB construction equipment in 2017 has been a great addition, and has made Liftboss Inc. even more visible in the heavy equipment industry in Alberta.

They will always stay true to their material handling roots, but having an established and well respected construction line has solidified the fact that Liftboss Inc. is here for the long haul and ready to compete.

Whether you are looking for a new machine, a rental, service or parts on an existing unit, or simply want a second option on something, give them a call and they will be happy to point you in the right direction.

As a group, Liftboss Inc. do what they do based on four core values: do what you say you will in a timely manner; be open and honest; do whatever it takes; and service the customer above all else. As each department grows, each team member is held accountable to those principles, their focus is to be a quality company that people are proud to work for.

Material handling and forklifts were and continue to be a huge part of what Liftboss Inc. has grown from, but

Introducing the future of construction equipment.

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Travel to—and around—work sites faster than ever, maneuver into tight spaces with greater safety, and apply the right attachments where they’re needed.

Contact Liftboss JCB for more information.

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CALGARY BRANCH 8010 40 Street SE Calgary, AB (403) 301-0041

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Open for Business: New Retailers Opening Their Doors Today in University District University of Calgary Properties Group Residents, nearby staff, students and visitors to NW Calgary’s University District will have more shopping and food options as of August 28, 2020, with the grand opening of Save-On-Foods and Market Wines along University Avenue.

Despite the challenges of the global pandemic, the new stores have opened their doors and are part of stage one of a four-stage retail plan that is creating the perfect mix of indoor and outdoor social settings, shops and services. The new retailers are adding hundreds of jobs in a challenging economy, while also providing convenient services to thousands of frontline workers who work in the vicinity of University District at nearby hospitals and care centres.

14

“This is an exciting day and milestone for our community.

This has been a year like no other, and we are so proud of the hard work and resilience of our retail partners who have opened in University District,” said James Robertson, president and CEO of University of Calgary Properties Group (UCPG), the developer of University District. “Our wide selection of retail offerings coupled with an outstanding selection of residential properties available for purchase and rent proves that University District is continuing to carve its way forward as one of the city’s top neighbourhoods.

Additionally, we are excited to announce that Village Ice Cream, Shoppers Drug Mart and The Alley will also be joining our amazing blend of retailers.”

Save-On-Foods, Market Wines, Denim & Smith Barbershops, Curious Hair Skin Body, Pet Planet and Scotiabank are now all open for business.

The vibrancy of the retail district combined with unique residential offerings and the construction of community landmarks such as the development of Central Park are making University District a thriving and award-winning destination for Calgarians from all corners of the city to visit and choose as their home.

The ALT hotel is currently under construction and expected to be complete in early 2022. With innovative meeting spaces, a signature restaurant, 156 ultra-comfortable rooms and spectacular views of the Rocky Mountains, their contemporary design and affordable luxury will make this a perfect addition to NW Calgary’s bustling neighbourhood.

The Retail Main Street in University District has been thoughtfully designed to provide convenience and ease of shopping, eating, exploring and experiencing the community by foot, bike, transit or vehicle. University District is quickly becoming a vibrant neighbourhood in the city’s northwest.

We are so proud of the progress we have made in University District within a short amount of time,” added James Robertson. “We continue to see more people interested in the incredible lifestyle we have to offer, and new residents taking are possession every week. Our neighbourhood is a true testament to the power of partnership, innovation and mindful design.”

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

Several more retailers and services are confirmed to open in University District in the first half 2021, including OEB Breakfast Co., OrangeTheory, UC Noodles & BBQ, YYC Cycle, Five Guys, Clever Daycare and University District Dental.

University District’s Central Park is anticipated to open in 2022.

Other retailers to come to University District include Cineplex VIP Cinemas, Staples, and a number of wonderful restaurants and venues that will help to shape the second stage retail entertainment district.

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Gorgeously appointed 3+1 bedroom home with over 4,600 sq ft of living space situated on a 41’x125′ corner lot in sought-after Altadore, boasting over $150K in upgrades since the home was purchased.

The main level presents hardwood floors, 9’ ceilings & is irradiated with pot lighting & chic light fixtures showcasing a front formal living room which effortlessly flows into the dining area & chef-inspired kitchen finished with island/eating bar, an abundance of counter/storage space & high-end appliance package.

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RURAL FOOTHILLS COUNTY No details have been spared in this exquisitely appointed custom built 4+1 bedroom home with over $400K in upgrades, built by Crystal Creek Homes & flaunting a professionally designed interior. This home is in likenew condition, offers over 5,500 sq ft of living space plus a triple detached garage with a large legal carriage suite above. The main level with 10’ ceilings is adorned with hardwood floors & coffered ceilings throughout & is illuminated with pot lighting & elegant light fixtures showcasing the spacious living room with massive feature fireplace surrounded by built-ins which is open to the dining room & a chef-inspired kitchen.

Privately nestled on 4 acres near DeWinton, this elegant custom-built home will take your breath away at every turn! With 4 + 1 bedrooms & 7,700 sq ft of living space, you’ll experience tranquil country living at it’s finest. The main floor introduces hardwood floors, 10’ ceilings & is illuminated with pot lighting & stylish light fixtures, showcasing a formal dining room with fireplace, panelled walls & beamed ceiling which flows into the show-stopping kitchen appointed with 2 islands (one for prep & one with seating for 5), an abundance of counter & storage space, high-end appliance package & bright breakfast nook.

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Enbridge Ride to Conquer Cancer announces $1.9M, and counting, at virtual Ride in support of the Alberta Cancer Foundation Alberta’s largest cycling fundraiser shifts its 12th annual Ride to a virtual event and still draws in 902 virtual riders, supporting breakthrough cancer research and care at the 17 cancer centres across Alberta August 29, 2020 – The 12th annual Enbridge® Ride to Conquer Cancer® went virtual this year due to COVID-19 and although participants were not able to ride the traditional two-day, 200-kilometre journey throughout southern Alberta, 902 Riders helped raise $1.9M benefiting the Alberta Cancer Foundation. Fundraising for the event will continue until October 31, 2020.

For the last 12 years, the Alberta Ride has supported local cancer research, clinical trials, enhanced care and the discovery of new cancer therapies at the Tom Baker Cancer Centre, Cross Cancer Institute and 15 other centres across Alberta. Cancer doesn’t stop for a pandemic and every day, 53 Albertans continue to hear the words, “you have cancer.”

This year’s unique, virtual event gave participants the opportunity to safely ride anywhere across the province, any distance and raising any funds they could.

The Ride is the province’s largest cycling fundraiser and Canada’s largest peer-to-peer fundraising event. Funds raised from this year’s event will continue to be put towards groundbreaking research and enhanced patient care programs that make life better for Albertans across the province.

“Three months ago, we didn’t think this event would happen.

Seeing our community come together and continue to make a difference for Albertans facing cancer is, quite frankly, nothing short of extraordinary,” said Wendy Beauchesne, CEO of the Alberta Cancer Foundation.

“We are so grateful for this inspirational community of Riders, donors and partners like Enbridge who are dedicated to providing real-life returns to patients across the province.

Dollars raised will continue to support the 17 cancer centres across the province and provide Albertans with access to world-class treatment and care.”

Since 2011, Enbridge has been the title sponsor of the Ride to Conquer Cancer. Collectively, over 2700 Enbridge employees, their friends and their families have raised over $9.75 million for the Ride across Canada.

“Cancer doesn’t stop, and neither will we. We will continue to ride and raise funds in our fight against cancer,” said Vern Yu, Executive Vice President and President, Liquids Pipelines. “We’re proud to be the title sponsor of the Ride to Conquer Cancer and we’re looking forward to our continued partnership and our ride in 2021.”

Without the dedication of Riders like David Cormack, the success of the first-ever virtual Ride would not have been possible. When it was announced that the in-person Ride would be postponed, David still wanted to support cancer patients and their families. On July 1, he embarked on a 24-day journey from Brooks, AB to Kingston, ON and rode 3,600 km across Canada to raise vital funds for the Alberta Cancer Foundation. “I was pretty invested in the Ride and I didn’t want to stop now. I had multiple aunts and uncles who had cancer, and I still wanted to give back to all the health-care workers and the research that goes into helping cancer patients,” says David. “Every dollar you donate means a dollar more to one day conquering cancer.”

ABOVE: THE 2020 ENBRIDGE RIDE TO CONQUER CANCER WAS HELD AS A VIRTUAL EVENT, HELPING TO RAISE IMPORTANT FUNDS FOR ALBERTANS FACING CANCER.

16

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

All Signs Point to DREAM IMAGE SIGNS I

Photo by Riverwood Photography

n 2005, Roberto Gomez took a leap from his 9 to 5 job to start his own business. Since then it has grown into a highly respected signage company for over 15 years.

most important element of what he does. His team really listens to the customers concerns to ensure they meet their needs.

“I’m not out to create an empire or become an icon.

I see the business as a front to connect and serve others. Many businesses are too focused on their fiveyear business goals instead of the face across from them now,” says Roberto Gomez. “I tell staff; be kind, do your best and have fun. A belief that when we love what we do, it is not work to go above and beyond in quality and service.”

This way of thinking didn’t always guide Gomez.

This shift came about five years ago after a personal growth through an Ayahuasca retreat experience that changed his perspectives and altered his priorities.

This may seem like an out-of-the box way to selfdevelopment, but this has been the most impactful experience of his life which shapes how he conducts life, be it business or personal.

In business, people are reminded that customers and employees are not work orders or payroll numbers.

Instead, we are ever changing and growing so we are encouraged to try new things, test limitations, and move beyond comfort zones. If a mistake is ever made Gomez encourages his team to own it, forgive and learn, treating others with the same grace they would want to be shown being in another’s shoes. This is not a business philosophy, it is a life practice in all relationships, and it is how Gomez cultivates customer service, trust and connections.

“Mountains turn to dust, and iron turns to rust. Any pretty sign we make will eventually be gone. The real thing we want to leave is how we dealt with every situation and treated every person with respect, integrity, and knowing we did our very best. We put our egos aside and ask ourselves, “did we help another reach their goal, their dream? Could we have done better to meet that individual’s need?”

This philosophy lends a customer-focus to Dream Image’s business practices, and to Gomez it is the

Dream Image Signs’ customers notice the difference and appreciate the company’s approach. As a result, much of our clientele are repeat customers that have become like family over the years trusting in the care of Dream Image Signs. The client base ranges from

home builders to retail shops, festival organizers to municipal departments.

and the tools and equipment for them to use to their heart’s content so they can make dreams reality.

Dream Image Signs has prided itself on providing the best signage products possible, whether that’s fleet graphics, fascia signage, reception logos, billboards or wall murals. It also produces bridge banners, car wraps, display systems and those creative, born from imagination, out-of-the-box graphic ideas. This wide-format printing operation excels in both interior and exterior signage that exceeds quality in every area.

Gomez is happy to let their work and service speak for itself and invites people to give them a shot and reach out.

“This is the real secret of life — to be completely engaged with what you are doing in the here and now.

And instead of calling it work, realize it is play.” ~ Alan Watts

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JA is a partnership between the business community, educators and volunteers—all working together to prepare and inspire young people to reach their potential and succeed in today’s global economy. The unprecedented nature of COVID-19 has made it clearer than ever – JA’s impact on helping youth to be financially resilient for whatever their generations will face is vital.

JA’s new blended delivery model, a combination of in-person and digital courses, allows educators and volunteers the opportunity to empower the next generation of leaders in business with the skills required to be nimble and adaptable in the face of uncertainty.

Through the generous support of the Economic Futures Council and other valued partners, JA Southern Alberta achieved the following milestones during the 2019-20 school year.

STUDENTS

VOLUNTEERS

115

936

SIGNATURE PROGRAMS

16

ONLINE PROGRAMS

23,446

PROGRAMS DELIVERED

1008

COMMUNITIES SERVED

9

The Economic Futures Council firmly believes that JA enhances the lives of young people, strengthens the economy and produces solid ethical citizens.

JA Southern Alberta is proud to recognize the founding members and patrons of the Economic Futures Council: John* & Cheryl Aldred

Ronald N. Mannix

Clive Beddoe

Ronald P. Mathison

David A. Bissett

Jeff McCaig

R.A.N. Bonnycastle

Susan Nelson & Gordon Case

Robert G. Brawn

David O’Brien

Wayne Chiu

Todd Poland

Jim Davidson

Clayton Riddell*

Jack & Joan Donald

JR Shaw*

N. Murray Edwards

Brian Sidorsky

Dr. Chen Fong & Alice Chan

The Stollery Family

John & Lana Geddes

Guy Turcotte

Richard F. Haskayne

David Werklund (as Chairman of the

Wayne Henuset

Werklund Foundation)

Sam Kolias

Mac Van Wielingen

Hal Kvisle

C.H. Woitas Family

Alvin Libin

* in memoriam

jasab.ca

TAKING A BYTE OUT OF COVID-19 // BUSINESS TECHNOLOGY

TAKING A BYTE OUT OF COVID-19 Calgary IT community preserving through pandemic

BY JAMIE ZACHARY

F

or many businesses around the world, the lights went out during the COVID-19 pandemic – sometimes for good.

22

AT WHITE WHALE ANALYTICS, THE PANDEMIC HAS DONE LITTLE TO STOP

Like any dark cloud, there’s always a silver lining, say members of Calgary’s tech community -- many of whom are saying 2020 has brought with it a number of new opportunities.

THE MOMENTUM. THE LOCAL TECH

At White Whale Analytics, the pandemic has done little to stop the momentum. The local tech firm, which specializes in machine learning-based optimization solutions, has doubled its workforce over the past year.

SOLUTIONS, HAS DOUBLED ITS

FIRM, WHICH SPECIALIZES IN MACHINE LEARNING-BASED OPTIMIZATION WORKFORCE OVER THE PAST YEAR.

“Our growth speaks to some of the success we’ve found in a number of the industries we work in,” says Jack Williams, head of operations at White Whale, which offers industrialscale cloud-based dashboarding and optimization software solutions to clients in health and wellness, defence, oil and gas, aviation, real estate and even the National Hockey League.

During the pandemic, White Whale also expanded its physical footprint by relocating to a larger location in the O’Neil Tower along Seventh Avenue. Williams recognizes how increasing their floor plate runs counter to what many companies are now considering in light of remote working trends – especially in the tech sector.

“Specifically, we’ve been able to grow our energy portfolio quite a bit, assisting companies with production optimization, forecasting and anything around predictive or diagnostic models for things such as gas rates or reserves.”

“We noticed that our team works better when everyone’s personally interacting, bouncing ideas off each other, using the white boards,” he says. “We just feel there’s that personal connection that you can’t replace virtually.”

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

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TAKING A BYTE OUT OF COVID-19 // BUSINESS TECHNOLOGY

“BECAUSE THE PANDEMIC HAS RESTRICTED OUR ABILITY TO MOVE CROSS BORDER – MOST OF OUR BUSINESS IS IN THE U.S. – WE’VE BEEN REALLY FOCUSED ON BUILDING, ESPECIALLY ON THE TECHNICAL SIDE,” HE SAYS.

Williams noted some projects were put on hold this past spring, largely due to clients’ uncertainty moving forward in the pandemic. Although, funding for larger capital initiatives have dried up, at least in the short term, many companies have turned to optimizing their existing assets through datadriven solutions like White Whale’s.

“What they’re really trying to do is optimize or maximize their output given a lot of fixed constraints, whether financial or personnel-wise,” says Williams. “It’s a learning that’s good for companies to go through. Maybe things weren’t as efficient as they could have been.”

24

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

Meanwhile, Calgary-based warehouse fulfilment company Attabotics, has seen a spike of interest in its robotics technology as retailers and brands have sought new ways to modernize their supply chains and rethink their physical footprints.

In August, the warehouse fulfilment company raised a $50-million Series C – adding to the $25 million raised earlier in the summer. Attabotics co-founder and chief executive officer Scott Gravelle says the investments will be ABOVE: SCOTT GRAVELLE, CHIEF EXECUTIVE OFFICER, ATTABOTICS INC. LEFT: ATTABOTICS USES ROBOTIC SHUTTLES TO RETRIEVE GOODS STORED IN VERTICAL STRUCTURES, THEREBY USING 85 PER CENT LESS SPACE THAN TRADITIONAL WAREHOUSES. ATTABOTICS SAYS ITS VERTICAL SETUP WHEREBY ROBOTIC SHUTTLES DELIVER GOODS TO WORKERS AT STATIONS AROUND THE BASE REDUCES LABOUR REQUIREMENTS BY 80 PER CENT.

TAKING A BYTE OUT OF COVID-19 // BUSINESS TECHNOLOGY

used to speed up commercial deployment and invest in the creation of new technologies.

“Because the pandemic has restricted our ability to move cross border – most of our business is in the U.S. – we’ve been really focused on building, especially on the technical side,” he says. “We’re actually doing a bunch of hiring. The focus is on bringing on more technical and software talent.

We’re taking advantage of this time to build.”

Attabotics, founded in 2016, specializes in 3-D robotic goodto-person storage, retrieval and real-time order fulfillment.

It uses robotic shuttles to retrieve goods stored in vertical structures, thereby using 85 per cent less space than traditional warehouses. The shuttles then deliver the goods to workers at stations around the base, which reduce labour requirements by 80 per cent.

Clients and partners of the company, which was noted in Time Magazine’s 100 best innovations of 2019, already include luxury retailer Nordstrom, as well as Microsoft as a partner. This past June, Attabotics also entered into a threeyear partnership Food-X Technologies, a Vancouver-based e-grocery start-up.

Gravelle credits Attabotics’ ability to hire during a pandemic to an acceleration in the changing trends of consumer behaviour.

“With this pandemic, how much more online shopping is there? We’ve seen about five years of growth happen in three months – a 400 per cent increase in customer engagement and project scoping,” he says, adding Attabotics’ technology was built to be the engine of the fulfillment of modern commerce.

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Scott Gallupe, president of 403Tech, says his Calgarybased IT support and services company has also been incredibly active during the COVID-19 pandemic – in his case, assisting companies with setting up virtual work environments.

ABOVE: BRYAN DE LOTTINVILLE, FOUNDER AND CEO, BENEVITY.

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

27 OCTOBER 2020 JOIN OUR VIRTUAL CONFERENCE “Because a lot of our existing services were already in the cloud – things like our servers, email, even our phone system – we understood the challenges that came with working from home,” says Gallupe, whose company primarily caters to small and medium businesses in the professional services industry.

“While some companies were prepared, others weren’t. A lot of our time has been spent on migrations – both email and server – to the cloud to help their staff work more effectively from where they are set up.”

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Gallupe adds the learning curve needed to be steep for some clients – some of which had yet to transition any of their business to a virtual environment.

“It’s involved a lot of training and a lot of education on things that we’ve always preached and tried to encourage companies to be proactive on that’s now come to fruition.”

Meanwhile, as the leader in global corporate purpose software, Benevity has seen giving, volunteering, corporate grantmaking and other positive actions through its platform happening at record-breaking levels so far this year, as are new bookings of the company’s software.

Benevity notes the pandemic has shifted what this looks like with increased uptake in virtual volunteering over in-person activities, and cause categories such as human services, food

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TAKING A BYTE OUT OF COVID-19 // BUSINESS TECHNOLOGY

OVERALL, MORE THAN 500 COMPANIES AND 450,000 OF THEIR PEOPLE WERE QUICK TO RESPOND, DESPITE ECONOMIC UNCERTAINTY, DRIVING $640 MILLION IN DONATIONS, 786,000 VOLUNTEER HOURS, 53,000 POSITIVE ACTIONS AND 8,648 CORPORATE GRANTS TO SUPPORT 79,000 GLOBAL CAUSES IN THE INITIAL EIGHT WEEKS — BETWEEN MARCH 1 (JUST BEFORE THE WORLD HEALTH ORGANIZATION DECLARED COVID-19 A GLOBAL PANDEMIC) AND APRIL 30. security and employment seeing an initial increase in share of donations.

Overall, more than 500 companies and 450,000 of their people were quick to respond, despite economic uncertainty, driving $640 million in donations, 786,000 volunteer hours, 53,000 positive actions and 8,648 corporate grants to support 79,000 global causes in the initial eight weeks — between March 1 (just before the World Health Organization declared COVID-19 a global pandemic) and April 30.

“If there is a silver lining to the current challenges facing the world, it’s that we’re seeing unprecedented commitment from C-Suite executives and inspiring examples of courage, generosity and action from an increasing number of their people,” says Benevity founder and CEO Bryan de Lottinville.

28

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

“As a positive comment on the state of our society, I’m not surprised to see more companies embracing an authentic, grassroots approach to engaging their employees, customers and other stakeholders around a broader sense of purpose as it becomes a must-have in our new economy,” says Lottinville.

To support these companies and their people, Benevity created resources such as webinars, playbooks, templates, campaign kits and free offers to help volunteers engage their communities in doing good.

De Lottinville notes Benevity was also among those to lead by example with a COVID-19-public-donation-matching campaign that amplified the impact of more than 3,000 people across the globe who donated $2.3 million to 812 causes in need in under two weeks.

“A confluence of trends suggests that companies should be embracing a more holistic approach to corporate purpose,” he says, pointing to the recent Statement of Purpose of a Corporation by the Business Roundtable growing pressure from investors and consumers for companies to have a positive Environmental, Social and Governance (ESG) profile and new employee engagement opportunities built around pro-social actions.

“Together, we are learning what it takes to put ideas into action to make our companies and the world better in tangible and impactful ways.”

ADVERTORIAL

Robert Ghazal

Senior Vice President at TD

T

TD Community Resilience Initiative

he jarring impact of COVID-19---on the economy, restaurants, retail and other businesses---has received a great degree of media attention over the past months. However, the far-reaching impact on vital community groups, initiatives, services and facilities is only beginning to be fully understood.

That’s why the TD Community Resilience Initiative, a part of the TD Ready Commitment, the Bank’s corporate citizenship platform, is dedicating $25 million in strategic philanthropy. Of this amount, $1 million has immediately gone towards helping targeted charities and non-profits across Canada so they can continue to deliver critical services throughout the COVID-19 pandemic.

A recent COVID-19 Impact Poll1 commissioned by TD revealed that Canadian adults surveyed under the age of 34, as well as those from the Black, Indigenous, and People of Colour communities, are among the most likely to experience financial insecurity, job losses and reduced income as a result of the pandemic. The same survey also found that Canada’s general population has become more financially vulnerable and less financially confident since the start of COVID-19. Together, these factors have increased the demand for support and services from Canada’s community organizations. The pandemic is also forcing many charities and non-profits to rapidly pivot to an online delivery of their programs.

“The TD Community Resilience Initiative aims to help strengthen the communities within our footprint today and into the future,” says Robert Ghazal, Senior Vice President of Branch Banking for the Prairie Region.

“While COVID-19 has made the work of charities and non-profits more important than ever, the pandemic has also drastically disrupted their ability to deliver their services, requiring them to adapt their approach

and quickly digitize to stay accessible and to continue their critical outreach.”

“Our branches and offices are part of the communities across Canada where we live and work. We want to help support those delivering vital services and needs to those who are most impacted by this unprecedented situation,” he explains.

In the TD Prairie Region, which includes Alberta, Saskatchewan, Manitoba and the Northwest Territories, the TD Community Resilience Initiative donation of $160,000 was allocated across 40 regional organizations that align with the focus of the TD Ready Commitment on helping Indigenous youth, and mental health and family support centres. This includes the Calgary-based Alberta Adolescent Recovery Centre (AARC) which provides long-term addiction counselling and programming.

“To keep our vulnerable clients safe, AARC operated as a full-time residential addiction treatment centre from March to June, incurring significant extra costs of approximately $5,500 per week,” says Anna Scott, manager of Fund Development and Events at AARC. “We are currently operating as a semi-residential treatment centre again, where clients stay in recovery homes at night.

However, we still have heightened costs due to the extra staff and isolation requirements needed for new intakes during the waiting period for their COVID-19 test results.”

“Throughout spring and summer months, AARC also relied heavily on fundraising events to subsidize the costs for families of addicted youth who cannot afford to pay full treatment fees,” she adds. “We were unable to proceed with our events during the lockdown, so the support from the TD Community Resilience Initiative is vital to our operations during these turbulent times.”

1 The TD COVID-19 Impact Poll examined the impact of COVID-19 on the financial situation of Canadians. A total of 936 online interviews with English and French-speaking adult Canadians were conducted by Northstar on behalf of the TD Bank Group between April 20 and May 6, 2020.

https://www.td.com

BUILDING LEGACIES // COVER

30

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

BUILDING LEGACIES // COVER

Building Legacies

BY JOHN HARDY

SHANE HOMES GETS PERSONAL

W

hile industry analysts, consultants and business school curriculums go deep to dissect and analyze the complex formula for achieving business success, one Calgary company is both an innovative example and a resounding testimonial about the simple but complex secret of business success: family.

LEFT: CAL WENZEL THE FOUNDER, CEO AND CVO (CHIEF VISIONARY OFFICER) AND SHANE WENZEL THE PRESIDENT OF CALGARY’S SHANE HOMES GROUP OF COMPANIES. PHOTO SOURCE: RIVERWOOD PHOTOGRAPHY

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

31

BUILDING LEGACIES // COVER

For Cal Wenzel the founder, CEO and CVO (chief visionary officer) and Shane Wenzel the president of Calgary’s Shane Homes Group of Companies ---one of Alberta’s most successful, best known and most respected builders---hard work, a vision, uncompromised values, a love of community and attention to detail, business success is proudly a generational thing.

“Not only our immediate family but our staff and our customers,” says the high-energy Shane Wenzel with enthusiastic emphasis.

“It all matters, a lot. It’s what has brought us to where we are. We have always placed the customer at the top of our organizational chart. We’re building a legacy. Of course things change.

Business consumer trends and the market change. And we have to change with the times. We are now very much a fullservice company, building quality homes, land development and building entire communities.”

Cal Wenzel embraces the many industry and community changes but looks back with pride on how far Shane Homes has come and the reputation it continues to earn. He remembers the excitement and motivational achievement of selling four homes in the company’s first year. Cal and then partner Barry Basillie founded Shane Homes, rolling-up their sleeves to help with the digging, the framing, the clean-up, the painting and even sales.

“We were a two-person team with no staff for the first couple of years,” the affable Cal Wenzel recalls. “On Saturdays and Sundays, we intentionally worked on the front of the house so people would notice us. When they stopped, got out of their car and walked up to us to ask who the builders were, we switched into sales mode.”

The rest, as the cliché has it, is Calgary business history. Fast forward 41 years and Shane Homes has a loyal staff of 90 and has built more than 13,000 new homes, and active in 10 Calgary communities and two in Airdrie.

The affable 77 year old Wenzel is still up at 5 a.m. each day and shudders “If I retired, I wouldn’t have a clue what to do! Besides, the fact that Shane was willing to take over the

company as president, working the day-by-day was, by far, my most memorable achievement. He worked his way up and earned it. I’m still accused of meddling a bit but I have pulled back. The company does extremely well.”

Like most Calgary-based businesses, Shane Homes is focused and looking forward but also practical about navigating business speedbumps in a slightly altered and much different Calgary business climate than ever before.

Not only dealing with unexpected broadsides like the lockdown and a cautious re-opening but basic and constant industry factors like the economy, employment, consumer confidence and market trends.

“When it comes to consumer trends, it’s always tricky to guess and speculate but the changes about what consumers are looking for is interesting and very exciting,” the personable Shane Wenzel says. “There is still very much a shift toward green and environmentally friendly aspects, but the biggest factor is technology. People want to be able to connect. They expect smart home solutions in their homes and their lives, like USB ports, smart thermostats and controls, cameras for the front door and other tech features.”

“There was already a growing trend---and the COVID lockdown may have pushed people deeper---into the priority of living in their homes more. A few years ago, re-sale value was an important factor but now people are opting for features that are part of their lifestyle, spending more time living----and working---in the house more than ever before.

ABOVE: CAL WENZEL THE FOUNDER, CEO AND CVO (CHIEF VISIONARY OFFICER) AND SHANE WENZEL THE PRESIDENT OF CALGARY’S SHANE HOMES GROUP OF COMPANIES.

32

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

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BUILDING LEGACIES // COVER

Working from home is an increasingly popular trend and the lockdown may have just escalated it. Calgary is the capitol of home-based businesses and that impacts the kinds of homes people are looking for.”

As for most new home builders, social trends and demographics are important factors. “We’re definitely noticing more family members and generations---multi-generational families---opting to live under one roof,” he notes. “Everyone has a different, personalized definition of value and there is an emphasis on the large and personalized space.”

From enlarging square footage, moving walls and separate entrances to elaborate ensuites, multiple kitchens and oversized walk-in pantries, Shane Homes does a lot of customization. Cal explains that it’s a uniquely Canadian factor of new home building that Canadian builders have always done more customization than American builders.

“Thanks to the internet, buyers are more informed than ever,” he points out. “One of our buyers opted for 106 changes!” A recent example of the multi-generational home buyer happened last month, when the Shane Homes sold a new home with three complete Master Bedroom suites.

“Every year we review our models,” Shane explains. “We cancel some models and layouts and include some new designs. Being up to date with what consumers want is crucial. It sets us apart.”

Both father and son are cautiously optimistic about the one critical business factor they can’t do much about: consumer confidence. “We’re looking at the trends and projects and, although it may take about a year longer than some people think, the rebound will happen,” Shane says. “Of course it can’t all be blamed on COVID-19 because, until about five years ago, we had a very confident province with confident consumers. The economy, jobs and Calgary life was booming.

People are more cautious now, about the world, the Calgary economy and their jobs.”

economy. That’s reality. Hopefully governments will realize that until renewables are truly viable alternatives, fossil fuels will continue to drive the economy.”

Cal adds “Let’s face it. Especially in our industry, without consumer confidence there are no sales and no business. And for the here and now, this is an oil and gas business market.

Despite the great hopes for the future of renewable energies, Calgary relies on oil and gas for employment and for our

Being a plugged-in business leader has its disadvantages.

“My head is ready explode with all the economist reports and analysis,” Shane says. “Making sense of the numbers, charts and forecasts, we’re fairly sure 2021 will be about the same as this year has been and likely a solid recovery and upswing by 2022.”

ABOVE: ENCLAVE AT THE HAMPTONS SHOWHOME.

34

OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

BUILDING LEGACIES // COVER

Cal echoes the business logic guess. “I’m not so sure if we’re at the bottom yet.

I talked with Jason Kenney about it and asked him about an end-game and when he thought it’s actually going to turn. There’s a possibility that the business we’re getting now is simply pent-up demand. Maybe next year we’ll have stability, not a take-off, and in good shape by 2022.

“Calgary has always been a cyclical business market. The economy has always had its ups and downs. When the slump hit about five years ago, having to let staff go was a huge hurt. We are fortunate to have the best staff! We care deeply about our people and some had been with us for 25-30 years. It was a terrible time,” he added with emotion.

The Shane Homes Group of Companies---its staff and the Wenzel family---continue as tireless boosters and passionate supporters of the Calgary community. “A vital part of business is paying-it-forward,” Shane points out. “There most definitely has to be a balance. Of course it’s important for a business to make a profit but it’s equally important to give back to the community. It’s how a business becomes a legacy. Giving back is a very important part of our company’s core values.

“We are strong supporters of causes that promote health, wellness and education and causes that help change Calgary lives for the better. And as a business, I think our staff want to work for a company with a conscience.”

The Calgary-boosting father and son dynamic duo is reluctant about recognition and details about their extensive giving-back but the list is long: from the first donation to Calgary’s Ronald McDonald House, 20 years of working with trades and suppliers to design and build homes at cost for the Calgary Children’s Hospital Home Lottery, the company’s $3.5 million donation to build the new Shane Homes YMCA at Rocky Ridge and the company being part of the Calgary home builder group which formed the Resolve Foundation to help vulnerable and homeless Calgarians. Cal credits his wife Edith for her commitment and passion and managing the Cal Wenzel Family Foundation. “There are some great causes in our community.”

Sometimes business-speak mentions ROI on philanthropy.

“No such thing!” Shane says emphatically. “It doesn’t exist!

“WE ARE STRONG SUPPORTERS OF CAUSES THAT PROMOTE HEALTH, WELLNESS AND EDUCATION AND CAUSES THAT HELP CHANGE CALGARY LIVES FOR THE BETTER. AND AS A BUSINESS, I THINK OUR STAFF WANT TO WORK FOR A COMPANY WITH A CONSCIENCE.” And it’s never, ever, the way we approach it. You give back because there is a need. The ROI is just a very good feeling.”

Cal adds that he got the concept of giving back from his parents. “They always reminded me, ‘Don’t ever forget, it’s not all yours. You must give some back.’ ” Now that three generations work in the company, Shane admits that, occasionally, the lines between family and work do get blurred. “When we all get together there are 22 of us and only six of us work in the company. It’s not like an episode of Dallas,” he laughs. “When one of us lapses into shop talk, the others let us know real fast.”

Contrary to the familiar disclaimer that “it’s only business, not personal,” Cal and Shane Wenzel and the Shane Group of Companies are glowing contradictions. The hard work is personal. The vision and the focus are personal. The customer relationships are personal. The legacy is personal.

And the passion for community is personal.

ABOVE: CORNERSTONE SHOWHOME.

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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SAM COREA ON RIGHTSIZING AFTER THE KIDS MOVE ON

Q: My kids have moved out and we want to move into something more suitable. Any advice?

It’s Rightsizing - Not Downsizing Surprisingly, empty nesters are not always opting for smaller homes or condos when the kids move out. In fact, sometimes they upsize! Many parents decide on a larger home to accommodate their adult children, grandchildren, out-of-town guests or elderly parents. Others purchase luxury properties with high end finishes that they can enjoy without worrying about the wear and tear youngsters inflict! For those who travel, something that requires minimal outdoor maintenance that they can lock and leave has more appeal. Some prefer a stand alone home with less square footage and less landscaping to maintain. It’s really important to examine your lifestyle and choose a property that fits with it. That’s why I prefer the term “rightsizing” to “downsizing”. Besides, downsizing has a sort of negative connotation which doesn’t describe this very exciting chapter in your life! In this issue we’ve featured a wide assortment of large homes, luxury apartments, chic townhouses, and smaller single family homes that would appeal to buyers in this season of their lives.

The Hidden Costs of Downsizing If you do decide that what you are looking for is less square footage, remember that there are some hidden costs involved.

For instance, to get your current house market ready you may need to make some repairs or update carpeting, tiles or paint to attract buyers. Another cost you may not have considered is that existing furniture might not fit and smaller furniture may need to be purchased. Remember to factor in the monthly condo or HOA fees into your budget. And don’t forget about the cost of a storage facility if your new home does not accommodate all your treasured items. These are just a few of the surprise costs that need to be considered.

THINKING OF SELLING? Get your complimentary copy of The Home Seller’s 30 Day Action Plan.

Not intended to solicit properties already listed for sale nor intended to cause a breach of any existing agency relationship.

FEATURED PROPERTIES WHERE TO LIVE AFTER THE KIDS MOVE OUT

DISCOVERY RIDGE

74

| $1,365,000

WOODLAND OASIS IN THE CITY

DI SCOVE RY RI DG E M AN OR S W

This sophisticated home is nestled in the woods backing Griffith Park. Upon entering, you’ll recognize that the level of finishing and details are like nothing else in the neighbourhood. The use of natural materials like rich wood wainscotting, wooden beams, natural stone, brick, and hand-scraped oak hardwood elevate the design. A large living room has sliding louvred doors revealing a hidden office space. The kitchen is reminiscent of a French bistro, with marble and leathered stone countertops, elegant finishes and glass fronted display cabinets. The master suite is truly a getaway, with views over the lush gardens, a massive closet and a decadent ensuite to retreat to at days end. A bonus room, laundry, and second bedroom complete this floor. The lower walkout level contains 3 additional bedrooms, a gym and large recreation room with access to a covered patio.

Outside, you are transported to a woodland oasis, with a wood burning fireplace, fountain, mature landscaping and privacy screens providing a perfect spot for a glass of wine while the sunlight is filtered through the leafy canopy above. This extraordinary property is a rare find in a highly desirable location.

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SAM@SAMCOREA.COM

BEARSPAW RICHMOND| $4,900,000 | $879,000

2239

ECO FRIENDLY SCANDINAVIAN DESIGN

31S T AV E N U E S W

Environmentally friendly, energy efficient and effortless Scandinavian style in Marda Loop. Reduce your carbon footprint with this one of a kind LEED platinum targeted architectural masterpiece. Every detail of this sustainable home has been carefully thought out from the geo thermal heating to the PV solar panels. The design incorporates reclaimed fir, cedar, structural steel and polished concrete resulting in a perfect marriage of natural materials and industrial elements. Cook health conscious meals from the contemporary kitchen on the induction cooktop. Warm yourself by the living room wood burning fireplace. Work from the office nook. Retreat to one of the two second floor dual master suites, each containing a walk in closet, ensuite and balcony. Spend evenings watching movies in the basement media room. Stroll down to the shops and restaurants of 33rd Avenue. Bike into the core or around the reservoir. This home is unlike any others! 3D tour of this enviro-chic, Danish modern home on our website!

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FEATURED PROPERTIES WHERE TO LIVE AFTER THE KIDS MOVE OUT

BEARSPAW | $4,900,000 PATTERSON | $800,000

48

LUXE MODERN VILLA

P R O M I N E N C E P AT H S W

Luxurious home within a gated community! Classic architecture and modern design come together in harmony in this newly renovated detached home by Triform Design. You’ll be impressed by the $360K spent in transforming the interiors and patio. The open concept living and dining room feature a vaulted ceiling and an impressive contemporary gas fireplace. Highlights of the gourmet kitchen include custom cabinets, quartz counters, KitchenAid professional appliances, and a 9 foot long island. The upper floor contains a luxury master retreat, a spa like ensuite as well as a second bedroom and full bath. Downstairs, a bedroom and bath are perfect for guests, and the den provides a spot for TV watching or working from home. The entire 2,400 SF of indoor living space has been meticulously appointed. Outside, a west facing, private stone patio surrounded by mature landscaping is ideal for alfresco dining. This beautifully designed home is meant for homeowners who expect the best in finishes, quality and privacy.

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www.nylafreedesigns.com

from NYLA FREE FALL FLOWERS THAT CELEBRATE THE SEASON The autumn offers plenty of fabulous floral options that continue to bring life and colour into your home.

Here’s a 101 guide to what’s in season.

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Sunflowers This popular bloom is easily found throughout the fall. Natural colours include yellow or deep purple/brown. They are the symbol of faith, loyalty and adoration.

Chinese Lanterns These bright orange, paper like blooms provide protection to the fruit of this ornamental plant.

An arrangement will last weeks if dried providing long lasting autumn colour.

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4

Pampus Grass This feathery grass has a slight pink hue and offers big impact. They are the trendiest botanical of the season. Try them within a flower arrangement on their own in a modern vase.

Dahlias Dahlias bloom in September and are available in a variety of colours such as burgundy, red, orange, white, and pink. A casual grouping of multiple hues offers the essence of the season.

CALL TODAY TO GET YOUR HOME IN OUR NEXT ISSUE

MARKETING YOUR HOME FOR ALL IT’S WORTH®

LAKE CHAPARRAL | $2,100,000

LAKE FRONT LIVING

149

C H A PA L A P O I N T E S E

Indoors and outdoors blend seamlessly in this spectacular lakefront home. The welcoming dining room and open concept living room are amply proportioned. The chef ’s kitchen has high end appliances, walk thru pantry, and a large island to gather the family around while dinner is prepared. An office with built-in desks provides a quiet spot to work.

The 2nd floor features a vaulted master suite with lake front vistas. A spa-like ensuite is finished with limestone and a steam shower with multiple heads. 3 additional bedrooms each contain their own ensuite. A sound proof music room is the ideal space for the kids. There’s a family room, rec room, bar, wine, media and exercise room in the walkout as well as a 5th bedroom, bathroom and a beach entry. The yard is beautifully landscaped with gardens and a hot tub. Spend evenings under the pergola around the fireplace. Launch your kayak from the dock on your own beach. Play garden chess or just sit back and enjoy the panorama. This is lakeside living at it’s best.

SPRINGBANK HILL | $1,695,000

PANORAMIC MOUNTAIN VIEW

2783

77TH STREET SW

On the crest of the hill sits this handsome home with spectacular views. The open concept living room features a gas fireplace and access to an expansive deck. It adjoins the massive kitchen and sunny nook, the perfect place for watching the sunset. The kitchen is both practical and beautiful with a generous island and double sinks allowing 2 cooks to work simultaneously. Celebrate special occasions in the dining room. Watch TV from the second floor bonus room. The generous master suite features a fireplace, a sitting area, an office nook and impressive ensuite. Two additional bedrooms each contain their own ensuite and walk in closets. The walk out recreation room contains a bar, media area and cozy sitting room. There’s space for everything in the triple oversized garage. Double air conditioners ensure this home is comfortable year round. A private backyard is edged with trees, gardens and stone boulders. The mountain vista, the location and privacy make this a standout property in the neighbourhood.

SPRINGBANK HILL | $1,689,000

MULTI-GENERATIONAL HOME

5

T I M B E R L I N E WAY S W

Located on a natural ravine, this grand home is ideal for a large multi-generational family. The open concept living room and kitchen have views over the pretty landscape beyond the property. A massive island in the gourmet kitchen provides a great space for cooking for a crowd. The formal dining room is perfect for celebrations. A convenient walk thru pantry provides ample storage and leads into a mudroom and oversized triple garage. The quiet office has built in shelves and a big sunny bay window making this a pleasant place to work from home. At the top of the curved staircase is a peaceful master retreat with a large walk in closet and ensuite appointed with contemporary finishes. The second floor family room provides a fun space to watch movies. Three additional bedrooms (one with its own ensuite), a bathroom and a laundry room complete this level. The walkout basement is ideal for extended family or a live in nanny. It includes a massive recreation room with a fireplace, a second kitchen, secondary laundry, two bedrooms and bathroom. Outside, a raised deck overlooks the tops of the trees and a lower patio offers additional outdoor living areas. This estate home offers expansive & luxurious living with a stunning vista!

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SAM@SAMCOREA.COM

PRIDDIS GREENS | $1,595,000

BACKING THE FAIRWAYS

514

H AW K S N E S T L A N E

This 3469 SF bungalow backing Priddis Golf Course embodies elegant country living at an incredible value. The wood timbers, stone floors and hickory hardwood used throughout are reminiscent of a mountain lodge. Astute buyers will recognize that this property is priced well below replacement cost. The living room features a striking wood burning fireplace and soaring windows. Entertain up to 20 guests in the dining room. The kitchen has top of the line appliances, stone counters, and beverage bar. Be transported to an alpine oasis as you enter the spectacular master suite and luxurious ensuite. A guest area above the garage includes a bedroom, sitting room, snack bar and bathroom, and makes an ideal spot for out-of-town guests. The lower level features a family room, games area, bar, and access to the secluded patio and lower deck. Car enthusiasts will appreciate the large garage which can accommodates 8 vehicles with lifts. This property offers a scenic location, extreme value and a lifestyle that’s hard to beat.

CLIFF BUNGALOW | $1,495,000

EVERYTHING AT YOUR FINGERTIPS

529

2 3 R D AV E N U E S W

Modern design details on 4 levels plus endless dining and shops along 4th Street! This low maintenance, luxury townhouse offers lots of square footage right in the heart of the action. The sleek open concept main floor allows light to pass thru the floor to ceiling windows. A dining area flows seamlessly into the generous kitchen. There’s plenty of storage, high end appliances and a generous island is topped with marble. A bright living room features a fireplace and doors to the deck. The 2nd floor is completely dedicated to the master suite. It includes a large bedroom, laundry, massive walk in closet and a his/ hers ensuite. The 3rd floor is ideal for adult children or out-of-town guests with its family room, 2 bedrooms, bathroom, and 2nd laundry. Watch TV in the basement theatre room. Use the rec room as an exercise studio. The backyard is the perfect spot to savour your coffee. Walk into downtown or along the paths of the nearby Elbow River. Living here offers the best of the city at your fingertips!

WEST SPRINGS | $1,395,000

BEST STREET IN THE DISTRICT

16

WENT WORTH MOUNT SW

This family home in a prized pocket of Wentworth is a short walk from schools and amenities. The living room has soaring vaulted ceilings and is separated from the kitchen nook by a double sided fireplace. This kitchen will delight home chefs. The 6 burner double oven Wolf range and Subzero fridges make meal time a joy. A walk thru pantry is conveniently connected to the mudroom/laundry. An elegant dining room and home office complete this level. The 2nd floor bonus room is perfect for movie watching and the loft makes a great homework area or library. A large master suite includes his/hers closets and an ensuite. There are 3 additional bedrooms, one which contains its own ensuite and the main bathroom has 2 sinks simplifying morning routines. The fully developed basement contains a rec room, family room and an additional bedroom and bathroom. Outside, the large lot is beautifully landscaped with a deck, hot tub, patio and large lawn. This lovely home will accommodate your family for many years to come!

CALL TO BOOK YOUR PERSONAL TOUR

MARKETING YOUR HOME FOR ALL IT’S WORTH®

BEL-AIRE | $1,295,000

BUILD YOUR DREAM HOME

1017

B E L- A I R E D R I V E S W

This huge corner lot in Calgary’s most prestigious neighbourhood is the perfect opportunity to build your dream home.

The 85’ x 150’ tree lined lot provides privacy and enough space for your own architectural masterpiece. Design your dream bungalow on the newly constructed 3600 sq ft foundation which can accommodate a six car under-drive garage. Or let your imagine run wild and start completely from scratch. The possibilities are endless! This district is a hidden gem - full of multimillion dollar properties and oozing modern elegance. The shops and restaurants of Britannia Center are just up the street and the convenience of Chinook Center and the businesses of McLeod Trail are a short distance away. Bike or run the paths around the Glenmore Reservoir. Members of the Calgary Golf and Country Club and Glencoe Club will appreciate the proximity. This location provides inner city living is at its finest.

SPRINGBANK | $1,198,000

TWO ACRES MINUTES FROM CITY

27

ARTIST VIEW POINT

Country Oasis with a totally private backyard just minutes from downtown Calgary. Nestled in the exclusive enclave of Artists View in Springbank, this substantially renovated home is the idyllic getaway you have been searching for. The gourmet kitchen is a chef ’s delight with top of the line appliances, beautiful custom millwork, walk in pantry, marble counters and waterfall edged island. Entertain friends in the kitchen nook or the formal dining room. The main level also includes an office, laundry room and powder room. A grand staircase welcomes you to the master bedroom, a stunning retreat away from it all. The spa like ensuite has a double shower clad in marble and a luxurious soaker tub with treetop views. Two additional bedrooms and a bathroom complete this floor. The fully developed basement is perfect for entertaining with a massive family room with a bar and games area. Winters are a breeze thanks to the attached triple car garage with in floor heating. Enjoy the gorgeous mountain vistas and Aspen trees that surround the property from the deck or covered patio. Stargaze around the glowing embers of the fire pit. Located within a short driving distance to the amenities, shopping and restaurants of Wentworth and Aspen Woods as well as numerous private and public schools. This secluded property is the perfect retreat from the hustle and bustle of city life.

RICHMOND | $1,125,000

MARDA LOOP LUXE

2113

2 8 T H AV E N U E S W

Stylish and contemporary living in Richmond! Enter this bright, open concept home and instantly be impressed by the high end finishings. The dining room is highlighted by a double sided fireplace. The chefs kitchen boasts a large concrete waterfall island, custom lacquer cabinetry and top of the line stainless steel appliances. Entertaining is a breeze in the attached living room. One floor up, you will find two bedrooms with a bathroom, office and laundry conveniently located.

The top floor is an urban oasis completely dedicated to the master suite. A spacious master bedroom opens up to a rooftop patio with beautiful city views. Also included on this level are an ensuite featuring a double rain head steam shower and walk in closet. Head down to the basement where you will find a family room which is made for cozy movie nights & a fourth bedroom and bathroom - perfect for out of town guests! Enjoy the close proximity of the amazing shops, restaurants and amenities of the neighbourhood!

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SAM@SAMCOREA.COM

HERITAGE POINTE | $1,095,000

BUNGALOW WITH SPECTACULAR VIEWS

41

ARTESIA POINT

Upscale Estate Living with a VIEW! This stunning bungalow in the prestigious community of Artesia at Heritage Pointe backs onto the tranquil river ravine. A spacious open floor plan showcases a luxurious kitchen with custom cabinetry, spacious island with breakfast bar, wine fridge, stainless steel appliances and walk in pantry. The inviting living room is the perfect spot to unwind in front of the fireplace and escape into a good book. Enjoy a glass of wine on your protected upper deck or lower patio. The main floor also features a grand master suite with a five piece ensuite and expansive walk in closet. Easily work from home in the separate office. An attached triple car garage opens to a laundry/mud room. The lower level walkout is bright and inviting with lots of space for movie night. Two additional bedrooms and bathroom are great for out of town guests. Enjoy the peace and serenity of country living just minutes from Calgary!

Contact Chris Fullerton 403-669-7353 for more details.

COUGAR RIDGE | $995,000

BREATHTAKING PANORAMIC VISTAS

30

CO U G A R R I D G E L A N D I N G S W

Catering to buyers that appreciate breathtaking views and maintenance free living! Step into this bright, lock and leave townhome with stunning city, park and river valley vistas. Experience the serenity of nature from the spacious deck or the paths just beyond the gate. Light pours into the vaulted living room and onto the feature fireplace from the soaring windows.

The kitchen boasts upgraded appliances, granite counters, pantry and generous buffet with wine fridge. The main floor master suite provides the comfort of effortless bungalow living. Upstairs, a bonus room and games area overlook the living room. The 2nd bedroom features a walk in closet and panoramic views. Use the 2nd floor den as an office or bedroom for additional guests. This wonderful home has a fully developed basement ideal for a media room or gym. There are high end finishes throughout and geothermal heating. Car lovers will delight in the 3 titled underground heated parking stalls.

This is carefree townhouse living at it’s best!

ASPEN WOODS | $950,000

RECENTLY RENOVATED

178

A S P E N S TO N E T E R R AC E S W

Recent updates make this 6 bedroom home warm and welcoming. Contemporary details, modern light fixtures and wide plank oak floors breathe new life into this turn key house. The open concept main floor makes this an ideal property for a big family. Celebrate special occasions in the dining room. Work quietly in the tucked away den. Gather everyone in the bright and airy living room. The designer kitchen features top notch appliances, quartz counters, ample storage and a statement backsplash. A smartly laid out mudroom/laundry off the garage makes getting out the door easy. The striking spiral staircase leads up to 3 children’s bedrooms on the 2nd floor. Parents will appreciate this master suite, which features a sitting area, balcony, and ensuite with soaker tub and dual sinks. The walkout has 2 additional bedrooms and lots of space in the family and recreation room for the kids to hang out. Enjoy the west back yard with deck, patio and fire pit. You’ll make many happy memories in this lovely family home!

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MARKETING YOUR HOME FOR ALL IT’S WORTH®

ASPEN WOODS | $925,000

MANHATTAN LOFT LIVING

117

A SPEN ME ADOWS HILL SW

Best Views and Location in the Complex! The layout of this contemporary townhouse takes full advantage of the spectacular mountain vistas. Soak in the sweeping landscape from the 3rd floor open concept kitchen, family room, and nook. In the kitchen, cabinets stretch upwards to maximize storage. Chefs will appreciate the top of the line stainless appliances and long central island. There is plenty of room to host family gatherings in the adjoining dining and living room. The second floor contains an elegant master suite with sitting room, fireplace, large closet and spa-like ensuite. Watch the sunset from the soaker tub or private master bedroom deck. The second bedroom contains its own ensuite. The main floor entry opens to a recreation room and wet bar, with a west facing covered patio. A sliding frosted glass door separates this entertaining space from the sunny office which doubles as a guest suite with a murphy bed. This unit is upgraded throughout and embodies Manhattan loft living at its best.

RICHMOND | $924,900

COMPLETELY RENOVATED BUNGALOW

3030

26A STREET SW

The results of this renovation are remarkable! Not only was the house taken down to the studs, the layout was reimagined to improve circulation, ceiling heights were lifted and the basement was redeveloped into a partial walk out. High end finishes and sleek design elements have been utilized throughout. The open concept living and dining area flow seamlessly into the clean lined kitchen. A long granite topped island provides a perfect place for entertaining while the stainless appliances including a gas cooktop and french door fridge make whipping up weekday meals a pleasure. Step onto the wide wood deck overlooking the large corner lot from the kitchen doors. The generously sized master bedroom is across from a second bedroom which could easily be utilized as a home office. The lower level includes a large recreation room with a media area and wine bar complete with sink, beverage fridge and display shelves. A third bedroom, bathroom and laundry room complete this level. Outside, a private sunny patio is accessible through the glass door. The oversized double garage easily fits a large vehicle, sporting equipment or a workshop. This is turn-key bungalow living in the inner city at it’s best! Contact Chris Fullerton 403-669-7353 for more details.

SPRUCE CLIFF | $799,900

THREE BALCONIES WITH CITY VIEWS

3611

24 H E M LO C K C R E S C E N T S W

Spectacular Views! Enjoy the scenic landscape from the 3 patios each offering their own jaw dropping city view. This 1st class, beautifully designed, bright and spacious condo boasts quality and premium finishings throughout. The elegant living room features a gas fireplace and French doors out to a balcony with breathtaking views of the golf course. A gourmet kitchen complete with granite counters, chef ’s grade appliances, and custom designed cabinets is the perfect spot for entertaining friends and whipping up favourite dishes. Host dinner parties in the dining room or eat alfresco on the adjoining balcony while gazing out onto Nose Hill Park in the distance. Pass through the cozy den, complete with built in cabinets for books and cherished mementos into the master retreat. This master suite features luxurious cork flooring, space for a sitting area, and a top-of-the-line European styled ensuite with floor to ceiling tile and a large soaker tub. The north wing also includes a convenient laundry room and storage area. A second bedroom, tucked away for privacy is ideal for guests or a home office and is finished with wool carpet and built in shelves. This unit includes 2 titled underground heated parking stalls, an additional storage unit, and access to the gym facility, car wash, bike storage & workshop room. It is just steps from the LRT, restaurants, pathways & the city core. You’ll love the appointments and features of this high style pied-a-terre! Contact Chris Fullerton 403-669-7353 for more details.

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ASPEN WOODS | $760,000

NYC INSPIRED TOWNHOUSE

705

A SPEN ME ADOWS HILL SW

Value Plus - the very best price at West 17th Lofts! This stylish NYC inspired townhouse is offered below market value and a quick possession is available. A light filled living room with a fireplace welcomes you from the entrance. Entertain friends and family in the large dining room adjacent to the kitchen. Prepare gourmet meals from the chef ’s grade appliances in the modern, clean lined kitchen. A cozy sitting area is perfect for reading, watching TV or savouring your morning coffee. The second floor includes the master suite with a large walk in closet and free standing soaker tub. A laundry room and second bedroom with its own ensuite complete this floor. In the loft you’ll find a large recreation room with a bar, built in media shelving and plenty of room for a games table. There is also a third bedroom, ideal for guests or to be used as an office. An elevator runs from the secure double garage and storage room up to the top floor.

This is sophisticated, low maintenance living at a great price!

SIGNAL HILL | $659,00

UPDATED ONE LEVEL LIVING

222

S I G N AT U R E WAY S W

Upon entering you’ll be impressed with the soaring vaulted ceilings, new hardwood floors and huge windows framing the view of the serene backyard. Picture celebrating special occasions in the formal dining room. The open concept kitchen and living room means no one is left out of the conversation while dinner is prepared. The master suite has access to the deck and an updated ensuite. A second bedroom makes for a sunny office for working from home. The basement is fully developed with 3 additional bedrooms, a recreation room with a fireplace, a bar, bathroom and laundry. This area has lots of potential and could easily be converted into a media room, home gym or whatever suits your fancy. Step out onto the wide deck and take in south west sunshine. There’s plenty of room to lounge on an outdoor sectional and dine alfresco style. The sandstone boulder retaining wall provides shelter and an impressive backdrop to the mature trees and landscaping. Ideal for effortless one level living in the WestHills!

SPRINGBANK HILL | $649,900

LOCK & LEAVE LIFESTYLE

47

CO R T I N A V I L L A S W

This villa constructed in 2012 offers stylish, maintenance free living. The superb location combines a carefree, quiet lifestyle with the conveniences of nearby West Hills and Aspen Landing. Vaulted ceilings and an open floor plan allow light to pour through the entire main floor. A contemporary kitchen features stainless steel appliances including a gas range, granite countertops and a walk in pantry. The living room is the perfect spot to sit by the fireplace and gaze at the aspen grove bordering the property. A large master suite includes a walk in closet and spa-like ensuite with a soaker tub, large shower, double sinks and separate water closet. You can use the second bedroom on the main floor as an office. In the lower level two additional bedrooms and a bathroom are ideal for guests. There is also a comfortable media room with built in cabinets and plenty of space for a pool table or a home gym. This is the ultimate solution for a lock and leave lifestyle in the West Hills. No renovations required! Contact Chris Fullerton 403-669-7353 for more details.

BOOK YOUR SHOWING TODAY

MARKETING YOUR HOME FOR ALL IT’S WORTH®

SIGNAL HILL | $480,000

CURRENT & CLASSIC UPDATES

3650

S I E R R A M O R E N A R OA D S W

Professionally renovated by a noted interior designer! You’ll be surprised by the attention to detail and sophistication of this home. The open concept living and dining room immediately welcome you from the front door. There’s lots of room to accommodate family gatherings and holiday celebrations. Hang out or watch TV in the bright family room while dinner is being prepared. The island is perfect for homework or a quick meal on the go. This kitchen has stainless appliances, full height cabinets, a walk in pantry, Carrara marble backsplash and quartz countertops. Upstairs, the master suite has a leafy view of the front yard and an updated ensuite with double sinks. Use the 2 additional bedrooms for the kids, a nursery, or as an office. The basement is a blank slate, ready for your personal style and has ample space for a fourth bedroom or gym and a recreation room. Recently, the roof and windows were replaced and a new garage pad was poured. An ideal home for a couple, a small family or a downsizer.

STRATHCONA | $475,000

SMART SPLIT LEVEL PLAN

120

S T R AT H CO N A C LO S E S W

This sweet starter home has lots of potential for a young family. The location is within walking distance to local parks, playgrounds and schools. It has a great layout that a renovator could easily work with. The bright living room features a wood burning fireplace and is open to the dining room. A big bay window in the kitchen is perfect for casual meals on the go. Thru the kitchen is a side entrance and storage, making coming and going from the detached garage easy. A master bedroom contains a five piece ensuite and access to the back deck. Two additional child sized bedrooms and a bathroom complete this level. Downstairs, a cozy recreation room has a wet bar and a fireplace - a great spot for family game night! Two more bedrooms, a bathroom and laundry area have lots of potential. Outside, the mature trees shade the newer low maintenance TREX deck. Within the last 10 years the roof, furnace, hot water tank, and stove were replaced. Someone will really enjoy putting their personal touches on this home!

ASPEN WOODS | $384,900

TOWNHOUSE WITH TWO MASTERS

235

A S COT C I R C L E S W

Welcome to the Enclave at Castle Keep, a beautiful development of townhomes. This unit is tucked away from the main road and has a west facing balcony overlooking the landscaped courtyard, providing a quiet place for a glass of wine at sunset. The bright main floor features an open concept kitchen, dining and living room with hardwood floors floors and contemporary, neutral finishes. The high quality kitchen is appointed with stainless appliances, quartz counters and modern cabinets. On the upper level, there is a double master layout, with two ensuite bathrooms and laundry room. The double tandem garage easily fits two cars or could be used for extra storage. This lovely location on the west side of Aspen Woods is within walking distance to Aspen Landing, Blush Lane, and more! Grab a coffee at a nearby cafe, take a nature walk or a quickly hop out to the mountains. The LRT is a short distance away for those commuting to downtown. Imagine all of this at the best price in Castle Keep! Contact Chris Fullerton 403-669-7353 for more details.

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SAM@SAMCOREA.COM

SPRUCE CLIFF | $349,000

DOUBLE MASTER SUITES

307

6 H E M LO C K C R E S C E N T S W

Maintenance free living! This third floor, two bedroom apartment in Spruce Cliff is the perfect spot for an empty nester! The kitchen has plenty of cupboard room, stainless steel appliances and breakfast bar. The open concept dining and living room are perfect for entertaining. Enjoy summer BBQs with friends on the wrap around balcony. A second bedroom includes a 5 piece ensuite and walk in closet. Escape to the spacious master retreat and enjoy the spa like ensuite with double sinks and a large soaker tub. Fashion lovers will appreciate the generously sized walk in closet. Work from home with ease in the office. One titled underground heated parking spot is included. Enjoy the amazing amenities in the building including a gym, car wash and clubhouse. Enjoy close access to the Douglas Fir Trail, Shaganappi Golf Course West LRT, and the Westbrook Shopping Centre. Call us today to book your exclusive showing!

SPRUCE CLIFF | $315,000

MAIN FLOOR UNIT WITH PATIO

106

6 H E M LO C K C R E S C E N T S W

Main floor unit with 2 master suites! The location of this condo on the 1st floor offers easy accessibility. Walk to the lawn of the greenspace behind the building right from your protected patio. Two master bedrooms each contain their own 5 piece ensuite including soaker tubs and double sinks making this unit ideal for hosting out of town guests. The kitchen features granite counters, slate floors, breakfast bar, pantry and stainless appliances and is open to the dining area and living room. The laundry is conveniently tucked into the powder room. There is also a flex room, which could be used as an office, a small den or additional storage depending on your requirements. Two titled underground heated parking stalls are included as well as an additional storage unit. Enjoy the amazing amenities in the complex including a gym, car wash, guest suite and clubhouse. Shaganappi Golf Course, the LRT and Westbrook Shopping Center are a short distance away.

This is a great option for maintenance free living! Contact Chris Fullerton 403-669-7353 for more details.

BANKVIEW | $289,900

ROOFTOP PATIO WITH CITY VIEWS

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2 3 07 14T H S T R E E T S W

Urban living with Amazing Rooftop Patio! This 2 bedroom 2 bathroom condo in Bankview is just off of trendy 17th Avenue SW and is the perfect home for a busy working professional or young couple. Even though this unit is located in a four floor building, there are no units above so you’ll enjoy peace and quiet! Light flooring, new bright paint, lots of natural light and in floor heating are featured throughout. The functional kitchen features an island with breakfast bar, stainless steel appliances and a dining area. The adjacent living room is a great spot for entertaining friends. Unwind after a busy day in the master bedroom with a wallpapered feature wall, spacious walk in closet and a three piece ensuite. A second bedroom is great to utilize as an at-home office or a space for out of town guests. BBQ on your balcony and take in the the city views or enjoy unwinding on the rooftop patio. In-suite laundry and one titled parking stall is also included. Contact Chris Fullerton 403-669-7353 for more details.

ASK US HOW MUCH YOUR HOME IS WORTH

MARKETING YOUR HOME FOR ALL IT’S WORTH®

MOVING FORWARD!

There is no question that this year has been like no other and will continue to present challenges. We remain focused on the health and wellness of our clients as they buy and sell homes. Things will change in the months ahead and we will stay solution-oriented and find ways to overcome the uncertainties we all face with strength and courage. Your home is more important now than ever before and the saying “Home is Where the Heart Is” has even more meaning. We’re here to help you with your real estate needs.

May you find peace in your surroundings, comfort in your family, and health and wellness ahead.

Sam Corea, Chris Fullerton and Alison Kallstrom SAM Team Re/Max House of Real Estate

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403 870 8811 |

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403 686 7800 |

www.SAMCOREA.COM

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SAM@SAMCOREA.COM

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HAVE REAL ESTATE QUESTIONS? TEXT OR CALL 403-870-8811

HAS COVID AFFECTED REAL ESTATE AND RECREATIONAL INVESTMENT PURCHASES? // REAL ESTATE

HAS COVID AFFECTED REAL ESTATE AND RECREATIONAL INVESTMENT PURCHASES?

THE LONG-TERM BENEFITS OF BUYING IN A DOWN MARKET

BY ERLYNN GOCOCO

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t’s hard to believe that less than a year ago the real estate market was on track to setting record breaking sales. Then a pandemic hit the world and changed everything in the blink of an eye. The economy hit rock bottom and many lost their jobs resulting in challenging employment and income circumstances.

Shortly after, the real estate market activity also slowed down. But it’s not all doom and gloom and, over time, the market will correct itself. In this challenging time, there are people still wanting to purchase real estate and recreational investment property. The latter because the pandemic has forced people to vacation closer to home.

Despite the economic climate, there are benefits to purchasing real estate when prices and mortgage rates are at record lows. Calgary-based realtor Tanya Eklund says, “The long-term benefits of buying in a low market with low interest rates is

“THE LONG-TERM BENEFITS OF BUYING IN A LOW MARKET WITH LOW INTEREST RATES IS HAVING A TENANT PAY DOWN YOUR MORTGAGE. WE DO NOT KNOW WHEN RATES WILL INCREASE, AND WHEN THEY DO, IT WILL AFFECT THE BUYING POWER OF THE BUYER.” SAYS EKLUND ABOVE: RE/MAX REALTOR, TANYA EKLUND. PHOTO SOURCE: TANYA EKLUND

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HAS COVID AFFECTED REAL ESTATE AND RECREATIONAL INVESTMENT PURCHASES? // REAL ESTATE

LOCAL CIR REALTOR CATHERINE CHOW AGREES AND ADDS, “REAL ESTATE IS A TANGIBLE WAY TO ACCUMULATE WEALTH IN A FIXED ASSET. IT’S A PLACE TO INVEST IN AN APPRECIATING ASSET WHILE PROVIDING THE POTENTIAL FOR PASSIVE INCOME.” having a tenant pay down your mortgage. We do not know when rates will increase, and when they do, it will affect the buying power of the buyer.”

Ekland does not personally deal with recreational properties, however, she knows agents in Canmore and British Columbia who have said they are extremely busy. “My belief in why this is trending,” says Ekland, “is because of the limitations around international travel and travel into the US. Canadians know it will likely be a while until restrictions are lifted but they want to be able to get away from the city to unwind and be around a more natural and peaceful environment. Buying property within Canada allows them to do that. We see many Calgarians purchasing in Canmore, Bragg Creek, the lakes outside of the city within a four to five-hour drive just to have a place to get away and unwind. This trend, I believe, is due Covid.”

Local CIR Realtor Catherine Chow agrees and adds, “Real Estate is a tangible way to accumulate wealth in a fixed asset.

It’s a place to invest in an appreciating asset while providing the potential for passive income. Even if the market fluctuates in the short-term, the long-term reduction of debt is where your investment will pay off. Current low interest rates have made it easier and more affordable to purchase a property. In addition, anyone who is currently renting will benefit from purchasing by paying down their own debt and increasing their equity over time. The current low prices and interest rates are appealing to people who have been renting.”

Chow recognizes this has been a challenging time for many Albertans. However, for her personally, she has been busy helping clients who are in a financial position to invest in condos, fourplexes, multi-family buildings and commercial properties. “Investors are taking advantage of the low prices

and interest rates along with an incredibly busy rental market. Data suggests that millennials have less confidence in purchasing and, as a result, tenants are staying in rentals for several years, which makes it appealing for investors. I also offer services to my clients to find, screen, qualify and place good tenants – this helps those who are reluctant to invest, nervous or don’t know how to get started.”

When looking at the Calgary landscape, it’s hard not to see the plethora of new builds currently under construction or sites being prepared to break ground. Some homeowners or investors prefer to purchase pre-construction. Aside from only having to put five per cent down, purchasing off the blueprint has its advantages and, because of the weakened economy, builders are offering buyers attractive incentives to purchase early and encouraging them take advantage of historically low interest rates.

Jayman BUILT President and COO Dave Desormeaux says, “New home sales across North America have been very strong in June, July and August – exceeding 2019 levels.

This is true in Alberta as well. We believe part of this is due to pent up demand from lost sales causing a delay in our typical spring market due to uncertainty surrounding COVID in February, March and April. Consumers delayed their purchase decisions until there was more certainty around their employment, the stock market etc.”

ABOVE: CIR REALTOR, CATHERINE CHOW. PHOTO SOURCE: CATHERINE CHOW

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

Looking for a great investment opportunity?

We’ve done the math, now it’s your turn to get on the board.

One low, all inclusive monthly payment of only $1,116.00 (including all GST and condo fees) vs the existing average rental rate in the area of $1350.00 means this particular property is not only a great value, but could potentially yield up to a 21% percent return on rental opportunities.* The established amenities in Auburn Rise, prime location with easy access to Seton Health Campus and Deerfoot Trail make this an ideal investment for both first time and experienced investors alike. **Approximate total based on 20% down, 5 years fixed, 2.69% interest rate amortized over 25 years. Condo price is based on the 2 bed + 1 bath Richler unit ($213,045.00).

Condo fees are estimated at $220.00 per month and property tax is estimated at $115.00 per month. Rental rate is based on the average rental price of a comparable condo in Auburn Bay. Calculations taken on September 4, 2020. Pricing and promotions are subject to change without notice.

For more information call Reilly Lepage: 403.371.6014, or reilly.lepage@logelhomes.com Visit our Sales Centre at 100 Auburn Meadows Common SE Hours: Mon - Thurs: 2 PM - 8 PM Weekdays + Holidays: Noon - 5 PM • Closed Fridays

AUBURNRISE.CA

The New Home Decision -things to know

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hoosing your new home can (and should) be a carefully thought-out, exciting and rewarding experience. There are some basic, sometimes overlooked but important decisions to be made.

“We suggest getting pre-approved before starting your search,” says Melanie Gowans, General Manager with Shane Homes. “It will help determine your new home price range.

Most builders are happy to recommend a few mortgage brokers or banking institutions that specialize in new home financing. Shane Homes requires only 5% of the purchase price to start your new home build. If you don’t have one lump sum, we can set up a deposit schedule.”

Gowans explains that not every builder builds in every new community and that choosing the right builder is important. “Determine the area you like most and narrow it down from there. We build every type of home in over a dozen communities in Calgary and area.

She emphasizes that customers can shop in-person at any of our show homes without an appointment, virtual on-line----or both. “We have had customers completely buy their new home without ever stepping out of their current home,” she recalls.

When it comes to choosing the right builder, check social media, Google reviews and other feedback. A sign of a good builder is how they treat their customers.

Building new is a chance to make it your own. Most builders have a variety of plans but not every builder customizes. One of the key advantages of building your new home vs. buying re-sale are the personalized touches and additions. ”We call it affordable customization---from your choice of colors, flooring, kitchen counters and cabinets and special personalized touches like modifying to dual master bedrooms, a separate side entry, enlarging the family room, adding a spice kitchen or designing the master bath ensuite of your dreams!”

Technology is a vital fact of life. Although most Calgary builders do not include technology features, Shane Homes is an industry leader, offers a smart home package in every new single family home and was the first area builder to offer it as a standard.

There are so many selection choices and the Shane Homes staff have more than 246 years of combined experience and have built over 13,000 homes. The interior designers and the 5,000 sq. ft. design studio help inspire recommendations based on lifestyle and needs.

Sometimes new home buyers wonder about negotiating price. “A new-build is different from a resale home. Builders can only go so low with pricing to make it viable to build the new home. So, waiting for a lower price may not work,” Melanie Gowans points out.

“Today’s price is likely going to be the best price.”

A popular question is about needing a realtor to purchase a new home. “Although it’s not necessary, we welcome working with realtors,” she says. “Shane Homes does pay realtor commissions however we need to be informed on the customer’s first visit. Ask the builder if they cover real estate legal fees and listing realtor fees, if you will be selling your current home. It can save you over $10,000.”

Change happens. We're here for you.

Shane Homes builds every type of home in 12 Calgary and Airdrie communities. With Shane Homes, you can make your home suit your exact needs with our Love it or Customize it philosophy. From bumping out the nook, creating the perfect home office, widening the entire house or garage, the choice is yours and we make it easy. Customize your new home to fit your new needs.

THE BETTER WAY TO BUILD.

info@shanehomes.com shanehomes.com #YourShaneHome

DISCOVER RESORT LIVING ON MAHOGANY LAKE 5 NT IN Y O A L R M N F E O E R K A ES M L

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• Lake and city views • Maintenance free living

WORRIED ABOUT SELLING YOUR HOME? Jayman Realty will list your home and not charge our usual listing fee. This is a savings to you of approximately $10,000. Using our JayLink Program, the purchase of your new home is conditional on the sale of your current home.*

• 43 km of community pathways • 13 acre central park • 30 parks & playgrounds

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HAS COVID AFFECTED REAL ESTATE AND RECREATIONAL INVESTMENT PURCHASES? // REAL ESTATE

ACCORDING TO DESORMEAUX, THERE APPEARS TO BE NO RELIEF IN SIGHT FOR THE EXCESS DEMAND AND SUPPLY SHORTAGES. Desormeaux points out that COVID has emphasized that ‘home has never been more important.’ “Some interesting post-COVID trends that appear to be driving sales; consumers realize with COVID that they need a proper home office space for both spouses, more space for home schooling kids and generally, more space for their families is the new priority.

They do not need to live as close to the downtown core.”

Interestingly, the builder is seeing future demand for real estate occurring now. “People that were planning to buy in 2021 are purchasing now. Why? Since the Alberta recession began in 2015, margins for builders have dropped to levels not seen since the 1980s. Builders have reduced supply chain costs and competition has increased significantly resulting in aggressive pricing,” says Desormeaux.

“We believe new home prices can only go up from where they are today. Lumber prices have increased 105 per cent since June due to demand exceeding supply, primarily from strong new home sales and ‘Do-It-Your-Self’ retail sales for home renovations while consumers work from home and ensure their homes are more post-COVID friendly. As lumber and other supply chain costs escalate at near record levels, the average home price will increase $10,000 - $25,000 over the coming months. Just from material cost increases,” says Desormeaux.

Chow adds that because of increasing lumber prices, many people are choosing to build new homes. “When doing so, homeowners only need to pay the builder a deposit and the balance upon possession. This allows homeowners to take advantage of today’s lower prices.”

According to Desormeaux, there appears to be no relief in sight for the excess demand and supply shortages. As well, he mentions that there are strong rumours Alberta will have no choice but to consider concerns about tax increases like a PST - due to a significant decrease in revenues and a historically high deficit.

In the residential sector, Ekland explains that the real estate market goes up and down over long periods of time. “If you review the last 20 years, you’ll see many peaks and valleys.

There is less risk with holding real estate over long periods of time. The markets, especially in Alberta, are more vulnerable over a shorter period. For example, if you bought a home in the last five years, it would likely be worth less today compared to when you first purchased. On the contrary, if you bought a home 10 to 15 years ago, your home is likely worth more as you have weathered the valleys and taken advantage of the peaks.”

Chow reminds potential buyers that real estate has historically been cyclical, so at some point, the market is expected to rebound. “Even if it doesn’t,” says Chow, “the long-term reduction of debt over time in an asset you own is a benefit. At the end of 25 years, once the mortgage is paid, the property is yours.”

Ekland echoes Chow’s statement and says, “When buying investment property, you have someone else paying down your mortgage. In 20 to 25 years, you could have a mortgage free asset, which could provide you with passive income for retirement. Real estate is a great way to build wealth over time. In my experience, the real estate owners who have been the most profitable are those who buy and hold.

ABOVE: JAYMAN BUILT PRESIDENT AND COO, DAVE DESORMEAUX. PHOTO SOURCE: JAYMAN BUILT

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

CALGARY’S COMMERCIAL REAL ESTATE CRUNCH // COMMERCIAL REAL ESTATE

CALGARY’S COMMERCIAL REAL ESTATE CRUNCH O

BY JOHN HARDY

“CH-CH-CHANGES”-

DAVID BOWIE 1972

n every level---personal, social and business--- Calgary’s grit, resilience and spirit has been tested. By all indications, it has been a triple whammy: the oil slump, the economy and, of course Covid-19 and the lockdown.

Although a slow and fragile Calgary recovery has begun, there is widespread consensus that a more stable recovery--particularly in business and when it comes to public confidence---may not really take hold until a vaccine is developed, approved and available.

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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CALGARY’S COMMERCIAL REAL ESTATE CRUNCH // COMMERCIAL REAL ESTATE

The triple whammy hit on Calgary’s commercial real estate sector has been significant. Matt Rachiele, Managing Director of Colliers Calgary and co-chair of this year’s Alberta Real Estate Forum virtual conference explains that the commercial real estate sector was already in recovery mode, when Covid-19 struck. “We had great momentum coming into 2020 across all three verticals---office, industrial and retail. Despite vacancy rates in the mid-20’s, Downtown Office activity had been buoyed by forward looking transactions where tenants were renegotiating their leases or exiting them early in order to capitalize on lower rates or meet space requirements.”

Some business analysts point out that lockdown was not so much a sudden, brick wall crash for Calgary’s commercial real estate sector. It was more like piling-on.

“Yes, the first quarter was decent for leasing activity,” says Greg Kwong, regional managing director with CBRE Calgary.

“Then Covid-19 happened and the world shut down.”

Peter Norman, vice president and chief economist with the Altus Group explains the perfect storm which struck Calgary’s commercial real estate. “The Calgary sector was in significant stress even prior to the lockdown and the energy sector woes of this past spring. The vacancy rates on office space have been in excess of 20 per cent for four years and even higher in the downtown.

“Over the past seven years up to 2019, the net amount of occupied space declined by almost three million square feet.

The Lockdown and further downsizing in the energy sector is exacerbating the situation in 2020, with close to a further one million square feet of vacated space emerging in the past year. The other trends that existed and have continue to exist through this year combined with the shift in demand for office space out of the downtown and toward suburban nodes.”

Rachiele explains that the 2020 impact took different tolls on Calgary’s commercial real estate. “Industrial remains at mid-single digit vacancy rate levels while retail vacancy has nearly tripled through the lockdown to low double-digit figures, with likely more pressure to come based on the uncertainty of the restaurant and bar industry now that patio season has ended. Downtown and Beltline street front retail has been particularly hard hit, with grocery anchored and service-based shopping centers fairing the best.”

“OVER THE PAST SEVEN YEARS UP TO 2019, THE NET AMOUNT OF OCCUPIED SPACE DECLINED BY ALMOST THREE MILLION SQUARE FEET. THE LOCKDOWN AND FURTHER DOWNSIZING IN THE ENERGY SECTOR IS EXACERBATING THE SITUATION IN 2020, WITH CLOSE TO A FURTHER ONE MILLION SQUARE FEET OF VACATED SPACE EMERGING IN THE PAST YEAR.” EXPLAINS PETER NORMAN. Business in Calgary asked Kwong to crunch some recent commercial real estate numbers, to get a more realistic read. He notes that Calgary’s Q2 2020 office vacancy numbers are: Downtown Office 27.0 per cent and

ABOVE: PETER NORMAN, VICE PRESIDENT AND CHIEF ECONOMIST WITH THE ALTUS GROUP.

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

CALGARY’S COMMERCIAL REAL ESTATE CRUNCH // COMMERCIAL REAL ESTATE

Suburban Office 20.2 per cent. There is consensus among many Calgary commercial real estate experts that the this year’s Covid-19 broadside, the post-lockdown downtown office vacancy rate is probably a reflection of a leasing trend the City has been struggling with since oil prices collapsed five years ago.

fatigue setting in. Besides, we are still social creatures. Most people aren’t designed to work in isolation in their houses.”

“Historically, the commercial real estate sector in Calgary has been very sensitive to oil prices,” Norman points out. “A strong bounce back in prices will certainly be positive, but structural changes in the energy sector may mitigate the upside spin off benefits this next time.

“WE BELIEVE IT WILL HAVE A MINOR

“No doubt about it. The primary driver of changes in the office sector in recent years have been cyclical and structure changes in the oil sector. Those are continuing. Also, similar to other markets, Calgary has seen some efficiency of space use by companies, as they fit desks closer together and reduce overall space need. But this office space trend will probably reverse somewhat going forward as office design trends cope with the needs for greater social distancing in the workplace.”

Some say the short and long term future of “the workplace” is a vital, lynchpin factor for commercial office real estate: how people work and where people work.

Peter Norman anticipates the new work approaches will have significant impact. “We are in the midst of a paradigm shift

EFFECT OVER THE LONG TERM,” KWONG SAYS. “WHAT COMPANIES ARE SAYING NOW IS THAT FLEXIBILITY IS MORE IMPORTANT AND THERE IS PROBABLY A WORK-FROM-HOME FATIGUE SETTING IN. BESIDES, WE ARE STILL SOCIAL CREATURES. MOST PEOPLE AREN’T DESIGNED TO WORK IN ISOLATION IN THEIR HOUSES.”

A recent Angus Reid survey found that almost three in 10 Canadians are (or were) working from home as a result of employer safeguards about public health and the possibility of spreading and infections in the workplace. About 20 per cent of those surveyed said they expect to continue working by-remote once the pandemic ends, but more than a third expected to go back to the office. The largest group, almost 45 per cent, think work will be a combination of both.

The ability of many employers and employees to quickly transition from an office environment to working at the kitchen table proves that, at least in the short run, it can technically be done and not impact productivity. But as businesses wind-up 2020, forecasting of needed office space is a key (and tricky) planning aspect.

“We believe it will have a minor effect over the long term,” Kwong says. “What companies are saying now is that flexibility is more important and there is probably a work-from-home

ABOVE: GREG KWONG, REGIONAL MANAGING DIRECTOR WITH CBRE CALGARY.

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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CALGARY’S COMMERCIAL REAL ESTATE CRUNCH // COMMERCIAL REAL ESTATE

in behavior which will cause a permanent change in our need for office space. Not eliminate it, but certainly change the path. Nationally as well as Calgary, dealing with this shift will be a challenge.

“Most office workers worked from home during the lockdown and both the workers and companies quickly adapted, with greater or lesser success. Many companies and workers now realize that it’s not easy or always productive,” he says. “For some, the new way of working will stick. We think that person-days in the office will decline by 10 or 20 per cent. Some companies are going entirely virtual, some workers shifting permanently to remote work and some workers adopting a flexible schedule with a mix of remote and in-office work.”

Matt Rachiele underscores the impact of new workplace habits on the commercial office real estate sector. “Work from home will be an integral part of go-forward office requirements, but we fully expect that Calgary office employees still enjoy the personal interactions and relationships that only an office can facilitate,” he adds. “At some point there will see a sizeable push to have a majority of staff return to the office, but timing varies by tenant and dovetails into HR and legal liability considerations.

MATT RACHIELE UNDERSCORES THE IMPACT OF NEW WORKPLACE HABITS

“The other factor at play in all of this is the offset between reduced in-office headcounts and greater space requirements for those who remain, particularly for those who had steadily moved to increased densification in their spaces.”

ON THE COMMERCIAL OFFICE REAL

For Calgary’s commercial real estate sector, there seems to be gradual light at the end of a particularly nasty and dark tunnel. “On the basis that a vaccine is secured early in 2021 and widely available in the first half of the year, I believe we will see a steady rise in activity through in 2020,” Rachiele says with positivity. “And recovery to normalized levels in 2022, at least in the office and industrial sectors. Retail will likely recover more slowly. But Calgary is resilient and entrepreneurial, and as a whole, we always seem to find a way. Never bet against this City or its people!”

FORWARD OFFICE REQUIREMENTS,

ESTATE SECTOR. “WORK FROM HOME WILL BE AN INTEGRAL PART OF GOBUT WE FULLY EXPECT THAT CALGARY OFFICE EMPLOYEES STILL ENJOY THE PERSONAL INTERACTIONS AND RELATIONSHIPS THAT ONLY AN OFFICE CAN FACILITATE,” HE ADDS.

ABOVE: MATT RACHIELE, MANAGING DIRECTOR OF COLLIERS CALGARY.

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The Calgary Chamber is the voice of the business community.

We double down on commerce and work with businesses to create catalysts for growth.

A conversation with Murray Sigler, interim CEO, Calgary Chamber of Commerce

I

n his first few weeks as the interim CEO of the Calgary Chamber, Murray Sigler was struck by two things: how much the role has changed since he last held it in 2005 and the adaptability and resiliency the organization has demonstrated over the years.

also served as Managing Director of the Government of Alberta’s UK Office, and is an honorary lifetime member of the Canada/UK Chamber of Commerce.

“Everything has changed in our lives due to the pandemic, both at home and in our businesses,” reflects Mr. Sigler. “But I am confident in our ability to get through it and be successful in business in this new reality. The Calgary Chamber will be there every step of the way.”

With this extensive career in telecommunications, finance and the aviation industry, Sigler has a passion for business and is a strong believer in the Chamber movement. “I have been a member, a sponsor, a Board Director, CEO and now interim CEO,” he says. “The Chamber just keeps getting stronger and I’m thankful for all its done and meant to me in my life.”

In addition to his role as interim CEO of the Chamber, Sigler is also Principal of Calgary-based Altius Corporation, a private investment and consulting firm. He has previously served in executive positions at Axia Net Media Corporation, Canadian Airlines International, Canadian Regional Airlines and the Winnipeg Airports Authority. Sigler

Today, the Calgary Chamber represents over 1,300 businesses from every corner of Calgary and across diverse industries including agriculture, technology, oil and gas, manufacturing, finance, commercial real estate, and more.

Many of its members are small businesses, the job creators and backbone of the economy.

BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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Sigler will serve as Interim CEO for the Calgary Chamber until a new CEO is found. “My role is to provide a steady hand and I am thankful to the Board and the Chamber team for all of the support and confidence they are showing me,” he says.

Uncertainty is Alberta’s challenge and therefore the Chamber’s as well. In the year ahead the COVID-19 pandemic, low oil prices and potential shifts in the political landscape both in Canada and in the United States all further exacerbate uncertainty.

“Things are changing every day,” Sigler states. “We don’t know what the future holds, but we can ensure that the Chamber will be there for our business community now, next month and for the years to come.”

Adaptability, agility and relevance will be key to the way the Calgary Chamber delivers essential services to businesses – such as networking opportunities, employee benefits program, and cost savings – the issues and policies it advocates on, and the way events are delivered, which will now require a combination of hybrid or fully virtual delivery.

In the short term, the Calgary Chamber will also be focused on its repositioning process. This includes the development of a new strategic direction, which will come from the Board, in consultation with Chamber members and stakeholders, and the search for a new President and CEO. Ultimately, its core strength resides in being a member funded and driven organization, being the Podium of Record and the voice of business in Calgary.

Sigler maintains a deep understanding of the role the Chamber plays and brings personal values he’s long held, which were developed through his passion and lifelong commitment to sport. “I have always participated in sport, and incorporated sport initiatives in any professional role I have held,” shares Sigler. “I have played a variety of sports. It’s fun, and it builds strong leadership values that apply to life and especially to business”.

During his tenure as Sport Calgary, he oversaw the revitalization of its civic purpose to assist, support, and influence the growth of sport in the city. He fondly recalls the opportunity to transition the role to Catriona Le May Doan last fall, with whom he built a strong professional and personal relationship. Sigler remains involved with Sport Calgary in a volunteer capacity as Board Chair of the Sport for Calgary Foundation.

Throughout his career, Sigler has been active in the community as Board member and Chair of numerous organizations. Currently he serves on the Boards for Parks Foundation Calgary, KidSport Calgary, Lindsay Park Sports Society, and Alberta’s History and Heroes Foundation.

He holds degrees in Arts and Law from the University of Alberta and is an active member of the Law Society of Alberta. Sigler is also an alumni of Harvard University’s Graduate School of Business in the Advanced Management program, and an active member of the Calgary Chapter of the Institute of Corporate Directors (ICD).

As Calgary, Alberta, and Canada continue to face extreme uncertainty and economic headwinds, Sigler remains confident that our city’s resiliency and adaptability will see it through. “My hope is that I can make a difference in my time here,” he adds. “I do see the delivery of our short-term plan, growth in our relationships with members, and helping the Chamber team tackle issues and grow their careers as the keys to success.”

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

Small Business Week Calgary There’s nothing small about it!

S

mall business week pays tribute to you, the wearer of many hats, the up all nighters, the not knowing and figuring it outers, the job creators and economic contributors. This year we are mixing things up and taking Small Business Week virtual.

While 2020 has cancelled a lot of things, it can’t cancel the grit and determination of Small Business Owners!

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This year Small Business Week is running in a fully digital format with various activations happening throughout the week. The entire week runs from October 19-23, 2020. Find the full schedule of the week and sign up for workshops, networking sessions and more at https://www. calgarychamber.com/sbwsummit.

The highlight of the week will be the Small Business Week Summit, a virtual experience designed to engage and inspire.

Happening from 10:00 am - 4:00 pm on October 22, 2020, we will transform your home office to an inspired learning experience!

John Winsor, CEO and founder of Open Assembly, is an entrepreneur, thought-leader and global authority on open innovation, will kick off the summit with an engaging keynote address. Focusing on future of work, learning, and digital disruption, John will inspire you to think big while challenging the status quo.

Tickets are on sale now and can be purchased at www.calgarychamber.com/sbwsummit.

Small Business Week is all about celebrating the grit and resiliency of entrepreneurship. While this year may look a little different, we will still gather (virtually), learn, connect and grow.

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BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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RESILIENCY IS THE KEY // SMALL BUSINESS WEEK

RESILIENCY IS THE KEY

SMALL BUSINESS LOOKS AHEAD

BY JOHN HARDY

W

ikipedia says it best! “re·sil·ient /rə’zilyənt/able to withstand or recover quickly from difficult conditions.”

It is the story of business---particularly small business---in Calgary.

Although big business usually gets the most media exposure and consumer perception, the solidly documented and undisputed fact is that the Canadian---and Calgary--economy is driven by small business. “Small businesses are the backbone of our economy and our job creators,” says Murray Sigler, interim CEO of the Calgary Chamber.

Widely acknowledged economy stats resoundingly show that there are more than 1.2 million small businesses (with fewer than 100 employees) in Canada. The Alberta and Calgary-specific numbers underscore an even greater

impact of small business. It is more than 30 per cent of the Alberta’s GDP and, in Calgary, it is a vital fact of almost every business sector.

ABOVE: SHOPS IN INGLEWOOD, CALGARY. PHOTO SOURCE: ISTOCK

BELOW: MURRAY SIGLER, INTERIM CEO OF THE CALGARY CHAMBER.

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OCTOBER 2020 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM

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RESILIENCY IS THE KEY // SMALL BUSINESS WEEK

The Canadian Federation of Independent Business (CFIB) underscores the need for a small business boost to support the resiliency and the post-COVID bounce-back of small businesses. “It’s critical to our neighbourhoods and, more generally, to Canada’s economic recovery that we move the needle on small business recovery and help businesses who have been starved of sales survive,” said Laura Jones, executive vice-president at CFIB. Seven out of ten business owners are worried that customers won’t come back and many still struggle to pay bills. About half of businesses across Canada are fully open, but only one in three are at normal staffing levels and one in five are making normal sales, the CFIB says.

While the broadside of the past six months had no silver lining for any business (with the exception of Plexiglas, mask and hand sanitizer manufacturers) the core of the Calgary

business community is answering the call about resiliency, moving forward and readying for 2021.

“Our economic recovery will depend on their ability to adapt and reinvent, as only entrepreneurs can,” Sigler added. “It’s a key reason why Calgary’s dynamic and popular Small Business Week (SBW) 2020 was re-designed to empower small businesses to adapt and reinvent.” For obvious COVID and disrupted economy reasons, last month’s SBW was re-purposed from a full trade show to a completely virtual experience.

“The focus was on business resiliency and digital commerce,” he said. “Traditionally Calgary has had one of the largest Small Business Week celebrations in Canada but this year was very different as Calgary and chambers across Canada continue to cope with COVID-19.”

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Visit calgary.ca/readybusiness to create, review or improve your business continuity plan.

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BUSINESSINCALGARY.COM // BUSINESS IN CALGARY // OCTOBER 2020

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RESILIENCY IS THE KEY // SMALL BUSINESS WEEK

The six awards presented on September 14 (slightly past press time for this issue of Business in Calgary) recognized some Calgary businesses who had showed resiliency, compassion and determination during COVID-19. The ATB Community Impact Award, determined by a public vote, was given to the business who has made the largest impact in the community during COVID-19.

Sigler detailed that that the goal of the Chamber’s 2020 event was to emphasize resiliency and recognize businesses that have pivoted to remain operational through the health crisis and the lockdown. “Resilient businesses have the ability to rapidly adapt and respond to business disruptions,” he noted, “as well as safeguard people and assets, while maintaining continuous business operations.”

Just a year ago, in understandable contrast, Calgary’s SBW celebrated the gung-ho success of several Calgary small businesses like Routine Cream the 2019 ATB Small Business of the year; Power Properties, the BBB Ethical Business Award winner; and Helcim, the Innovation Award winner.

“This is the time when Calgary small businesses must innovate, innovate and innovate,” says Pippa Blair, the highenergy co-founder of the Calgary-based Routine, the popular and successful manufacturer of natural cream deodorants and other personal care products like face oils, natural shampoos, conditioners, perfumes and soaps now sold in 2,500 locations around the world. “Small businesses should focus on what is needed, not adding to an overcrowded space. Pay great attention to the modern way that people want to receive products and services.”

Neige Blair, Routine co-founder and Pippa’s sister-in-law emphasizes timing for small businesses. “Resistance in these times is to business’ detriment. It is important to look at what people want right now. This is the time for effective products and services, less waste, social responsibility and a general awareness of what is important to consumers.

Consumers want to feel heard and listened to.”

Pippa highlights some key aspects of small business resilience and success. “Ideally, it should be a product or a service people actually need, as well as genuine

originality. And, of course it’s important to be aware of your competition, but it’s also important to always be one step ahead. If you are too focused on the competition, you’re always trying to play catch up.

“Platforms have changed, we’ve changed. Change is vital.

Resilience is important but businesses must be agile and nimble. Setting strict five-year plans can prevent changing ideas and innovating. A key to small business success is a need for fluidity within strategic planning.”

According to Nicolas Beique, founder of the Calgary-based Helcim, the innovative payments company which specializes in easier, smarter and more affordable payment solutions, “Perseverance is vital! More than smarts, money or skills, perseverance can help small business push through difficult cycles and sleepless nights, until success is reached on the other side.”

Jamie Power, president of the Calgary-based Power Properties points out that business curve-balls and speedbumps like the past six months can also be business opportunities. “Stay the same and change completely,” he says with enthusiasm. “Businesses need to stay true to their core values and their purpose, but totally rethink how they deliver their purpose. I just read about how Wolfgang Puck’s restaurant empire has actually grown his revenue during the pandemic by pivoting away from high-end cuisine to more basic fare.

ABOVE: PIPPA (LEFT) AND NEIGE (RIGHT) BLAIR, SISTERS-IN-LAW AND COFOUNDERS OF ROUTINE.

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RESILIENCY IS THE KEY // SMALL BUSINESS WEEK

“We get eggs delivered from a farm, and the farmer was lamenting the fact that he’s running out of egg cartons because the carton company switched to making masks.

Just two examples of companies rethinking themselves.

Businesses will have to reimagine what society will need and how they can deliver that.”

Neige Blair explains that, when it comes to small business resilience, Calgary can be a valuable business edge. “Calgary is an incredibly supportive community. It’s easy to meet heroes and mentors in Calgary because there’s always a connection through the small business community. Calgary is an early adopter to new products and open-minded to new ideas. It’s terrific that Calgarians are not hesitant to support local.”

Beique agrees. “Calgary is the biggest small town! Everyone is connected within a degree or two of each other. So if you’re passionate about your new business you can quickly build

an amazing network of advisors, investors and supporters to help you along the way.”

Resiliance is a key factor as Calgary focuses on 2021.

“Calgary is full of opportunities and advantages right now,” Jamie Power says with positivity. “With unemployment hovering around 15 per cent in Calgary is a great chance for employers to hire exceptionally talented people. With commercial vacancy at 25-30 per cent is a great time to find amazing locations at bargain prices that would have been outside a business’ budget just a few years ago.

“And with all the rapid changes people have experienced in the past few months, they are realizing change is not a bad thing and are less rigid in their thinking. I think we will see some fantastic new industries and business open up in the near future as people overcome their fear of the unknown.”

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DIGITAL REALITY HITS CLOSE TO HOME, BUSINESS // ONLINE DELIVERY

DIGITAL REALITY HITS CLOSE TO HOME, BUSINESS COVID-19 PROMPTS FURTHER PROLIFERATION OF ONLINE ALTERNATIVES

BY JAMIE ZACHARY

B

efore COVID-19 forced the globe to social distance from a safe place, our world was already saturated by a proliferation of digital delivery services, networking alternatives and convenience technology.

Amazon, Ebay, Esty and countless others became established modern-day refuges for retail therapy long ago. Big box stores, boutiques and virtual every business in-between have since jumped on board, with e-commerce retail trade sales making up an estimated 3.5 per cent of total retail sales in Canada at the end of last year. Statistics Canada reports 28.1 million Canadians spent a collective $1.85 billion in 2019.

And with the pandemic still limiting foot traffic to many storefronts, many experts expect e-commerce numbers to skyrocket. Former eBay CEO Devin Wenig predicts it to double in both Canada and the U.S. this year alone.

Meanwhile, boardroom meetings, classroom instruction and even studio dance classes have been gradually replaced

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by video streaming alternatives such as Zoom, Microsoft Teams, Skype and GoToMeetings, to name a few.

While forced by necessity during COVID-19, telecommuting and distance learning were already nudging trends into this direction. A recent survey of 1,300 North American business professionals found 87 per cent more people choose to use video conferencing today than the past two years.

The 2019 Impact of Video Conferencing Report by video conferencing provider Lifesize additionally revealed the number of telecommuting remote workers has increased by 115 per cent in the last decade.

Changes due to COVID-19 have only fueled the fire.

Microsoft reported usage of its Teams collaboration tool jumped 40 per cent to more than 44 million daily active users in just one week this past spring as businesses adjusted to remote working and e-learning alternatives.

DIGITAL REALITY HITS CLOSE TO HOME, BUSINESS // ONLINE DELIVERY

Perhaps most significant, however, has been how on-demand delivery platforms have started to change the traditional brick-and-mortar dining experience.

Skip the Dishes, Door Dash, Uber Eats, Foodora … the list goes on of menu options at our fingertips. Some local business owners say it has created opportunities where there once wasn’t by highlighting their menus to potential new audiences.

De Minico’s Kitchen in northeast Calgary has been working with Skip the Dishes and Door Dash going on three years now. Before online ordering, the business started by offering takeout sandwiches and pizzas. Since then, the Italian eatery has evolved to also include oven-ready frozen meals and sauces to go along with wholesale sales and catering.

Alessandro De Minico of De Minico’s Kitchen says there has been a number of upsides to partnering with both apps.

For starters, De Mincio’s didn’t previously offer a delivery service.

don’t know who our audience is,” says De Minico. “We don’t have access to some key demographics.”

Online grocery ordering has also become popular among consumers. Research released by Canada Post prior to the COVID-19 outbreak shows that one-quarter of Canadian shoppers are currently, or are strongly considering, ordering groceries online for delivery.

Retail consultancy J.C. Williams Group estimates online grocery purchases represent approximately $2 billion of Canada’s $120-billion food retail market.

Locally, online providers such as Spud.ca report they are seeing an uptake in people using an on-demand e-commerce platform to meet their grocery needs. Founded in 1998, Spud delivers in Calgary, Edmonton, the B.C. Lower Mainland and Vancouver Island. It current carries more than

“We weren’t going to pay a driver to sit here. So from that perspective, these platforms offer a ton of upside. If zero orders come it, it doesn’t cost us anything,” he says.

Di Minico’s also doesn’t offer a traditional sit-down restaurant experience – pick-up and takeout only. Therefore, the online platforms have provided De Minico’s with added exposure to much larger audiences.

On the flip side, De Minico notes both delivery options come with hefty fees as high as 25 per cent that cut into already razor-thin margins. In addition, De Minico’s might not see a penny from those orders for up to a month later.

“And because we don’t get to interact directly with customers, we

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DIGITAL REALITY HITS CLOSE TO HOME, BUSINESS // ONLINE DELIVERY

10,000 products online, including everything from vitamins and supplements to fresh meat, eggs and milk.

Corbin Bourree, vice-president of product strategy and merchandise for Spud, notes the company’s niche is in offering more natural and local product assortments. Spud. currently works with more than 120 different producers, processors and artisan food companies in Alberta.

“Anything that can be raised, grown or produced, we have a local vendor for it,” he says, noting, specifically, a rapid increase in bakery partners, such as the Prairie Mill Bread Co., Rustic Sourdough Bakery and Sidewalk Citizen Bakery.

Bourree says the local element is a competitive advantage that he believes influences many people’s decisions on where to shop for groceries. Spud itself is transparent about its supply chain, showing the distance travelled for products to reach the warehouse.

“For consumers who want to support local, we do our best to make it easy,” says Bouree. “Being able to get a freshly cut steak or chicken that was on the farm last week is a cool experience for people.

“On the flip side, we can provide some benefit to some of these partners that may not have the model or the infrastructure to have the breadth and reach that we do.”

Bourree says increased demand since COVID-19 has also encouraged Spud to get more creative in recruiting additional partners, such as local restaurants and food service companies.

delivering to Calgary, Edmonton and Fort McMurray from a variety of breweries, liquor stores and distilleries in Alberta.

Vic Minhas, manager with Liquor Wellz, started using Skip the Dishes this past winter. He says the response even prior to COVID-19 was

“We’ve never seen anything like this, and we anticipate it’s going to be this way for a while,” he says. “So at a time when many places have had to shut their doors, we’ve decided to partner with a number of different restaurants and get them up and running quickly.

“The response has been pretty overwhelming. A lot of customers are using the delivery service,” he says, adding the demand was so strong that the company added Foodora to its stable of delivery options. “(Since COVID-19), sales have gone up as people have been stocking up.”

“At the end of this, we want to make sure the local food supply chain that so many companies have worked hard to create doesn’t disappear. We’re keeping that food chain intact, even if the food isn’t being consumed in restaurants.”

Minhas notes online delivery has been incremental to instore sales, which continue to remain strong.

Meanwhile, looser liquor laws in Alberta have, quite literally, opened the door to alcohol delivery and pick-up services.

Skip the Dishes announced earlier this year that it will start

“(Because it’s) convenient, customers don’t mind paying a premium,” he says, adding many of LiquorWellz’s delivery customers so far have been customers who had mobility challenges, or used to take a taxi to buy liquor.

ABOVE: SPUD CARRIES MORE THAN 10,000 PRODUCTS ONLINE, INCLUDING EVERYTHING FROM VITAMINS AND SUPPLEMENTS TO FRESH MEAT, EGGS AND MILK. SPUD SHOWS THE DISTANCE TRAVELLED FOR PRODUCTS TO REACH THE WAREHOUSE

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Product Distribution that’s Ahead of the

by Rennay Craats with photos by Courtney Lovgren

I

t’s difficult to define just what Curve Distribution is.

After all, it has spent the last decade revolutionizing the industry with its innovative approach to business and as a result created a class all its own.

“Everyone was doing the same thing and telling the same story. Everyone was becoming a commodity and we felt there was an opportunity to disrupt the industry,” says Curve Distribution CEO Dan Doherty.

That disruption established a unique, customer-centric organization that curates, markets and manages high-performing brands and gets its predominantly food, general merchandise and electronic products onto sales floors across Canada. From locally sourced food products to some of the country’s best-selling headphones, Curve’s quality products are featured everywhere from Walmart, 7-Eleven and Rexall to Best Buy, Shopper’s Drug Mart and Sobeys.

“Curve is far from the kind of traditional distribution company that quickly moves products out of a gigantic warehouse and onto as many store shelves as possible,” says Kyle Duszynski, VP brand management.

Instead, the team at Curve endeavours to understand the complete customer journey in order to provide Curve Distribution • Celebrating 10 Years

Administration Team

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Special Projects Team

a tailored, end-to-end service experience. Curve offers a one-stop shop, providing its retail partners with products across brands as it meets all of its customers’ needs. The relationship goes beyond merely dropping off products at stores; Curve consults, advises, sets-up merchandising, maintains stock, and analyzes sales data to be good partners with their customers and to help their partners to sell more products.

For this talented team, connectivity is the key. They consider the company as one that deals not so much in distribution as in meaningful connections. Starr Cook, Curve’s Brand Manager, focusses the team to achieve success, striving to connect great brands with the right retailers in the right locations with the right merchandising. Curve does their research. They know Canadian consumers and what they buy, and the team uses that knowledge to help propel their suppliers in the marketplace while at the same time finding the latest up-and-coming brands that would do well in their markets.

Curve works with suppliers to build solid strategies for getting them where they want to be and helps them build up their markets by providing access to the best channels for their products. Nathalie Loyer, support services manager, expertly manages this connectivity between supplier and channel, ensuring program success.

Curve Distribution • Celebrating 10 Years • 2

Congratulations Distribution

on

10

Years!

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The company works with its supply partners to develop the packaging, pricing and products to ensure success in its markets. Driven by Anish Panchal, manager of data services, Curve applies its extensive knowledge of both consumer data and the retail environment to the brands under its umbrella. Data is critical. Curve is leading edge on data metrics that drive decisions, and it stratifies data in a way that puts the right products in the right place for the right customer. The team collects and analyzes POS data from partners to stay on top of trends and to track what is selling and what isn’t, and it uses that information to help partners make the best decisions about their products.

“We work tirelessly with retailers to seamlessly manage their inventory, provide unparalleled customer service and offer unique insights that make a difference to their bottom line,” says Chris Uglancia, Curve’s sales manager.

Happy 10th Birthday Curve Distribution!

This exceptional customer service can only be delivered by an exceptional team—and Curve Distribution has the best team in the business. The 45-member team is a group of creative, solution-focused professionals who work together to arrive at the best possible outcomes.

Led by Jeff Kelly, senior VP logistics, the team was nimble when Covid-19 brought the economy to a halt and redefined how the company operated, and it is now

Curve Distribution • Celebrating 10 Years • 3

You don’t look a day over 9

from

positioned for solid performance and growth in good and challenging times alike. The logistics team found a way to continue receiving, selecting and shipping products to keep Curve running while other departments adapted to doing business remotely, even as they were adjusting to an expansion.

The December 2019 amalgamation of Curve Distribution with Elite International Foods was ideally timed and smoothly integrated, and it created the diversification required to survive not only a global pandemic but also the downturn already plaguing Alberta’s economy. The amalgamation also presented opportunities to forge relationships in new markets, allowing them to introduce other products into the food channels.

Warehouse Team

THANK YOU To our customers and our suppliers for their amazing loyalty and support.

With diversified offerings and hard work, Curve was able to ride out the uncertainty without having to slash staff; in fact, it added to and strengthened the team for the future.

The summer saw great sales and the team is proud to be a rare positive story amidst the prevailing doom-and-gloom in the province. Ray Sequeria, controller, says Curve came into the spring financially strong and agile. Then they invested in the team and the business throughout the lockdown, and that made all the difference. Curve is in a great position to be profitable and to grow in the years to come, all the while continuing to support the community through its involvement with such organizations as the Calgary Food Bank, Business Fore Calgary Kids, Rotary International, and various local charity and community groups.

“I’m really encouraged about the future because the way we responded during Covid has shown our suppliers and customers that we are here for the long term,” Doherty says. “The strongest individuals are the ones who are making decisions, planning and, okay—it’s not exactly as we thought it was going to be, so we had to decide what we were going to do differently.”

For more than a decade, Curve Distribution has approached business differently and continues to do things differently to build partnerships and stay ahead of the curve in Canadian product distribution.

We look forward to many more years of working together!

Bay 124, 10725 – 25 Street NE Calgary, Alberta T3N 0A4 403.291.0660 –Main 877.795.5325 –Toll Free curvedistribution.com

Curve Distribution • Celebrating 10 Years • 4

Alberta’s Teens are Concerned about the Financial Impact of COVID-19

By Melissa From, President and CEO, JA Southern Alberta

“I am worried that the economy will not be good when I graduate and I won’t be able to find a job. The pandemic has already had a profound impact on the world and will continue to do so. The future will be different in ways that I cannot predict and that uncertainty also worries me.”

This is a common sentiment among the high school graduates of 2020. These young people were robbed of their final months of high school. The months of sunshine and swagger. The pomp and circumstance of graduation ceremonies. They were even robbed of the summer jobs that would follow.

According to a new survey by Junior Achievement of Southern Alberta, the impact of COVID-19 - on finances, academics, and future career prospects - are weighing heavily on the minds of Alberta’s teenagers.

Nearly two-thirds (60%) of respondents indicated that the economic impact of COVID-19 has affected their ability to pay for future education, and close to half were laid off or lost previously secured employment.

These survey results show that our youth are not immune to the concerns related to the financial impact of COVID-19.

Other key findings of this Junior Achievement study include: 91% of teens planning to attend post-secondary this fall are expecting reduced financial support from family, with 34% requiring an increase in their student loans 17% of respondents indicated that the pandemic has impacted their future career choices, with many suggesting that they may now consider pursuing education/training in a field that is more recession-proof Youth need fundamental financial literacy skills that will give them the tools to weather economic decline, and students must develop the ability to be work-ready, so they are prepared for the changing world of work.

We need to help young people discover their entrepreneurial spirit and develop business, creativity, communication and problem-solving skills so they are prepared for new opportunities, no matter what the future holds.

Junior Achievement is committed to working with students, educators, parents and caregivers to provide resources to prepare young people for the economic realities that their generation will face.

More information about JA’s financial literacy, work readiness and entrepreneurship programming can be found at www.jasab.ca.

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PARKER’S PEN // DAVID PARKER

Parker’s Pen

BY DAVID PARKER

T

THE CONSTRUCTION INDUSTRY IS

Many are cautious about going back to schools, restaurants or anywhere that crowds gather like Sunday worship.

Although cruise lines are boasting about good bookings for next year, a lot of people I talk to say they won’t even fly out of the country. Suppose there’s another outbreak where you travelled causing problems returning home?

AND THINGS ARE LOOKING REALLY

he talk is all about getting back to ‘normal’ – but it may be an awful long time before we are going about our lives doing the things we did pre-Covid-19.

But, good for the Canadian tourist industry as there’s lots to see and do here. We took our annual European vacation to Trail and Christina Lake. Not quite Toledo or Como but the sun shone, the wine was just fine and didn’t have to worry about losing our passports.

Be thankful if you can afford to get away. I feel for those businesses that are still hurting. How do freelancers like auctioneer Danny Hooper who raises so much for charity auctions recover their losses, or our friend Dave Kelly who performs with a live audience, or event organizers like e=mc² stay creative without gatherings to organize.

One thing that is back to normal is the amount of traffic on Calgary’s roads, and although things are best fixed in good weather, orange must be the most frustrating colour for any motorist. Makes you wonder if city hall has a hate-on for vehicles. Closing down so many lanes for repair and construction projects is not only maddening, they cause disruptions in time to do business.

Worse are the traffic changes where I worry about accidents happening. One of the worst is at the junction of 5th Street and 17th Avenue S.W. Turning south from 12th Avenue two bicycle lanes have cut down driving to two. But be aware that one of those turns into a left turn only at 17th, which means those that are trapped need to get over in a hurry. Be aware.

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ONE THAT HAS BEEN ABLE TO KEEP WORKERS DURING THIS PANDEMIC. GOOD FOR ANYONE WHO CAN SWING A HAMMER. The construction industry is one that has been able to keep workers during this pandemic. And things are looking really good for anyone who can swing a hammer.

Talking with the president of a large construction company, he suggested that within the next couple of years there will be a real shortage of trades people.

There are so many big projects on the books. The new arena, BMO Centre, Glenbow revitalization, Stephen Avenue Master Plan, University of Calgary projects, Taza Development on the Tsuut’ina nation, plus a large number of smaller developments; that sector is going to be okay for a while.

Retail has been hit hard, yet confidence in this city means new stores continue to open. Good to see openings at University District, new locations for Lina’s Italian Market at Shepard and The Windsor on Elbow Drive, and Farmers’ Market at Greenwich is under construction. Wish some were downtown.

Final Words The only genuinely wealthy are those who are satisfied with what they have.