The Builder & Developer Annual – Calgary – 2025

Calgary 2025

THE BUILDER & DEVELOPER ANNUAL Discover Calgary’s builders, developers & new communities one story at a time

T H E P OI N T E estates

Your Perfect View Awaits LE ARN M O RE AT LEG ACYLIFE .CA / TH E - P O INTE

table of contents

17 40

6

Editor’s Letter

company and community profiles 8 12

35 Akash Homes

Akash Homes brings 20+ years of lifestyle expertise to Calgary

37

Bordeaux Properties

Harmony brings resort living to the prairies

Genesis Builders Group Life happens in Genesis homes and communities

features 16 Mortgage Tips

New rules make mortgage renewals easier for Canadians

20 StreetSide

New brand, new models to take StreetSide to new heights in 2025

25 Trico Homes

Trico Homes ready for the next milestone in 2025

28 Excel Homes

Excel Homes goes big in 2025

4

Calgary Builder & Developer Annual 2025

Impact Homes

Built for real life, inspired by you

17

2025 Alberta Forecast

Strength remains in Calgary home market

24 Home Design

The kitchen social

31

Calgary Homes

Know your new home types in Calgary

SALES MANAGER

Nancy Chemait 780.619.3241 nancy.chemait@nexthome.ca EDITORIAL DIRECTOR

Amanda Pereira EDITOR

Pepper Rodriguez pepper.rodriguez@nexthome.ca EDITOR AT LARGE

Salina Yara Halabi EXECUTIVE MEDIA CONSULTANT

Jacky Hill jacky.hill@nexthome.ca SALES & MARKETING CO-ORDINATOR

Gary Chilvers DISTRIBUTION

distributionteam@nexthome.ca ACCOUNTING INQUIRIES

accountingteam@nexthome.ca DIRECTOR OF PRINT MEDIA

Lauren Reid–Sachs

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR

Hannah Yarkony GRAPHIC DESIGNER

Yvonne Poon

38 34 Top 10

expert panel

38 Salina’s Corner

41

Introduction

42

Justin Castelino,

43

Scott Fash,

Get cosy

2025 Home decor edit

40 Kitchen Style

Brighten up your kitchen

49 Splurge or Save Coffee time

49

Brookfield Residential BILD Alberta 44

Brian Hahn,

45

Jacq Lakusta,

BILD Calgary Region Akash Homes 46

Kalida Manarin, WestCreek Developments

47

PS Sidhu, Genesis Builder Group

49

Emily Smith, Qualico Communities

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editor’s letter PEPPER RODRIGUEZ EDITOR NextHome

Calgary market sustains strength in 2025 Strength remains in the Calgary market for 2025.

Although growth may not be at the breakneck speed it has been in the past, Alberta’s biggest city is showing a more balanced market for the year.

A strong local economy, continued affordability and many more new opportunities to enter the homeowning market still make Calgary the perfect place to find a new home.

Falling interest rates will help further spur the market, and new federal mortgage rules to help first time homebuyers will undoubtedly push demand further as more newcomers are attracted to the city. The Calgary Builder & Developer Annual helps the reader make sense of all that’s going on and guide them in their choices for what type of home to buy and in which community to settle in.

We have our 2025 Outlook story that outlines Calgary’s story going into next year, what buyers can look forward to that can help them in their decision, and what experts think is likely to

+ get social 6

Calgary Builder & Developer Annual 2025

happen. We also gathered a group of leaders in the industry to explain to us what they are doing to make the dream of homeownership in Calgary a reality.

We also thought that with the influx of newcomers to the market, that it would be beneficial for them to have a handy guide into the different home types offered in Calgary.

From apartment condos to the estate home, we have a handy guide into the types of new homes offered in the city.

Calgary’s housing market sprinted along for the last few years, and the breathless pace is expected to continue for the foreseeable future, so this annual issue will also give readers some of the expert advice they need to navigate the local homebuying market, and make them familiar with the choices open to them As always, we at NextHome strive to give our readers all the options that are available as far as new home buying is concerned. And there is no shortage of that in Calgary.

Interact with us on social media: nexthome

n w o r u o y d l r o w A For 45 years and counting, we’ve been building for how people truly live, hitting a milestone of over 135,000 homes as North America’s largest privately owned homebuilder.

Unlock the life you want in a home to make your own, a community that inspires you every day and a future that shines bright.

EXPLORE OUR CALGARY COMMUNITIES: Follow us: @mattamyhomes

Harmony brings resort living to the prairies

T

he promise of Harmony has always been enjoying a four-season resort lifestyle in your own backyard. And that promise has been more than fulfilled, with a bevy of Best Community awards to go along with it. And still, there’s more to come.

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Calgary Builder & Developer Annual 2025

The master-planned community of Harmony, located in the Springbank area just west of Calgary, is a vision and partnership between Qualico Communities and Bordeaux Developments. Since its launch in 2015, Harmony has focused on creating an amenity-rich

community perfectly nestled just 8 minutes west of Calgary on the way to the Rocky Mountains.

“Harmony’s many successes are the result of the collaboration of many stakeholders from the team at Bordeaux Developments, Qualico Communities, the builder groups, Harmony residents, and

Rocky View County,” says Bordeaux Developments Marketing Manager, Laurel Campbell.

The lake resort community has won several industry awards, including being named Calgary Region Community of the Year seven times at the BILD Calgary Region awards. But the

developers have never been ones to sit on their laurels.

the first multi-family site in the Village Centre, as well.”

MORE THAN A DECADE OF SUCCESS

A RESORT LIFESTYLE FOR EVERYONE

“Over the past year, Harmony has been busy preparing land for key future amenities, including the highly anticipated second lake, Village Centre, a harbour, and the new playground in Phase 27. These additions reflect our commitment to enhancing the community’s recreational and lifestyle offerings,” Campbell says.

Additionally, Phase 27 brings exciting housing options to Harmony, including duplexes and affordable front-drive and rearlane homes. With over 150 diverse lots, this phase offers unique living experiences crafted by both new and established award-winning builders in the community.

“Over the next year, Harmony has an exciting agenda. We’ll finalize the first portion of the second lake and expected to begin filling it with water at the end of the year, commence construction on the Harbour, and complete the Phase 27 playground,” she says.

“In the Village Centre, construction is anticipated to begin on the first professional building, and Trico Homes is expected to launch pre-sales for

This recreation-minded, residential community just west of Calgary has been known for its estate and semi-estate homes that go along with its easy-living, lakeside and golf community nature. Their new offerings duplexes, affordable front-drive and rear-lane homes, as well as townhomes, makes it an attainable community for everyone.

Harmony – at full build out will be home to more than 10,000 people. It has barely scratched the surface of its full potential, in fact, its 40-acre lake that is now being enjoyed by its residents will grow to 140 acres in the future.

Its massive Adventure Park is already a focal point of life for kids of any age, and there is more to get excited for in 2025.

“I’m especially excited to see the Village Centre begin to take shape – it’s an integral part of Harmony’s vision,” Campbell says.

“Over the past year, our team has been focused on preparing the Village Centre lands and laying the foundation for the area that will serve as a vibrant hub for our community.”

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VILLAGE CENTRE PLANS

2025 GROWTH

“We have a wide range of exciting plans and ideas for the Village Centre, designed to enhance the lifestyle and convenience for Harmony residents. From the thoughtfully planned Harbour, commercial spaces to multifamily housing options and professional facilities, this area will be a cornerstone of life in Harmony,” she says.

“I’m eager to reveal these plans as they are solidified, they represent a major step forward in the community’s evolution.

The Village Centre will not only provide services and amenities but also create opportunities for connection, making Harmony an even more desirable place to live. Stay tuned – there’s so much more to come!”

This promises a ton of fun for everyone, not to mention a world-class luxury spa resort by the lake shore that is about ready to begin construction.

Offering a wide range of housing options is important and gives everyone the opportunity to enjoy its recreational amenities that go with an active lifestyle.

2025 promises to be a pivotal year for Harmony, with four new showhome parades in the pipeline.

“Phase 27 will showcase rear laned duplexes and single-family homes by Broadview Homes and Homes by Avi, alongside front drive duplexes and single-family homes by Genesis Builds and Sterling Homes. Additionally, semi-estate show homes by Baywest Homes, Daytona Homes, and NuVista Homes will be unveiled in Phase 12,” Campbell says.

“In Fall 2025, we’re excited to expand further with the opening of estate show homes

by Baywest Homes and Augusta Fine Homes and townhomes

by StreetSide on the north end of the community. It’s shaping up to be a landmark year for Harmony’s growth and development.”

Calgary Builder & Developer Annual 2025

VIBRANT COMMUNITY

Harmony is thriving, with over 600 homes now occupied - a vibrant community already in place. “By the end of next year,

we’re excited to welcome an additional 150 homes, further expanding our diverse and dynamic neighborhood. This growth reflects the strong appeal of Harmony’s lifestyle, amenities, and housing options.

It’s an exciting time to be part of this community!”

Campbell says those already living in Harmony are in love with not only the amenities and lifestyle, but the community spirit that envelopes the whole development.

“When speaking with residents, many share that the lake was the initial attraction that brought them to Harmony.

However, it’s the community’s charm and additional amenities that made them decide to stay.

Families value the balance Harmony offers—an active, small-town atmosphere that’s ideally located only 45 to the Rockies and 25 minutes from downtown Calgary. It’s the perfect blend of adventure and convenience!”

Find out more at : www.liveinharmony.ca

s n e p p a Life h

in Genesis homes and communities

T

he story of Genesis is one of growth and perseverance. From humble beginnings, Genesis has expanded steadily, guided by resilience and determination, to become a valued contributor to the Calgary Metropolitan Area’s (CMA) thriving land development and home building community.

Since 1991, Genesis has been developing amenity-rich communities across the CMA and began building homes in

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Calgary Builder & Developer Annual 2025

2005. From the tranquil canals in Airdrie to protected green spaces, integrated pathway systems, and developments like Logan Landing that embrace the natural topography, Genesis’ communities reflect a deep respect for the land and its possibilities. “Our tagline of ‘Creating Tomorrows’ is more than just a guiding principle – it’s about building not just homes, but the foundation for dreams that turn into memories.” says PS Sidhu, COO.

“Genesis stands out because we put you at the heart of everything we do. From the first plans to the final details, we focus on creating communities with amenities that make life more convenient, and homes designed to fit the way you live today. It’s all about building spaces where you can truly thrive.” Sidhu says.

Genesis builds approximately 400 homes a year, and they are currently building in over 13 communities within the CMA.

Growing communities

Genesis views growth as more than just expanding its footprint – it’s about enhancing the customer experience and creating communities that truly reflect the way people live today.

The introduction of two new communities, Logan Landing (south Calgary) and Lewiston (north Calgary), emphasizes modern living and a seamless connection to the natural beauty of Calgary’s landscape.

As in Logan Landing, Lewiston, and other existing Genesis’ communities, a variety of housing options are offered to suit different lifestyles and needs.

Whether choosing to build a personalized home or selecting a quick possession home, the latter provides a shorter purchase to possession timeline. These homes maintain the same high standards of detail and quality as every one of their builds, ensuring the Genesis experience is consistent no matter the choice.

As an integrated homebuilder and land developer, Genesis continues to grow due to its commitment to building more than just homes. The focus is on creating vibrant, connected communities that offer a high quality of life for families both now and in the future. With these new communities, the mission of designing spaces where people can thrive, enjoy the outdoors, and have everything they need right at their doorstep remains strong.

Lewiston

The lively, up-and-coming community of Lewiston in Northeast Calgary is ready to welcome approximately 1,000 families, providing affordable housing options while embracing

sustainable development.

With plenty of green spaces, well-connected pathways, and a cutting-edge Storm Park, Lewiston is designed to be a place where residents can thrive.

“We’re incredibly excited to introduce the first of our nextgeneration communities,” says Iain Stewart, CEO of Genesis Land.

“Lewiston isn’t your typical suburb – it’s greener, more compact, walkable, and thoughtfully planned to be welcoming for people at every stage of life.”

This vibrant community will bring 1,000 new homes to the area, including a 6.5-acre neighborhood hub with 30,000 square feet of retail space and 100 condo units. As part of the broader Lewisburg community, Lewiston will achieve a density of about 8.5 units per acre and strengthen the nearby employment and commercial centers. The development is expected to create nearly 4,700 jobs while making the most of existing infrastructure.

Lewiston’s homes will be built

by Genesis Builders, McKee Homes, and Sterling Homes, offering a variety of choices such as duplexes, front-attached homes, multi-family units, and townhomes.

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Logan Landing

Logan Landing is one of the last available new communities along the Bow River, one of Calgary’s most cherished natural features.

A unique location developed with a focus on creating harmony, between the natural landscape and quality living design, each neighbourhood offers a variety of housing choices to fit your lifestyle.

Living in Logan Landing allows you to embrace nature and enjoy the outdoors without sacrificing the convenience of established amenities and quick access to major roadways.

Logan Landing offers a masterplanned community with access to the Bow River, over 150 acres of open space, breathtaking valley and mountain views, traversing pathways, restaurants, retail shops and a school. The proximity to the Seton Commercial Core, the South Health Campus (Hospital), YMCA and a high school offer abundance of educational, employment and recreation opportunities.

Housing choices in Logan Landing currently include duplex, lane, townhomes and

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Calgary Builder & Developer Annual 2025

front attached homes are from Cedarglen Homes, Genesis Builders, Partners Homes, and Sterling Homes. Showhomes for both Lewiston and Logan Landing are now open, visit genesisland. com for more information.

New in 2025

Coming soon is Huxley along the borders of East Calgary. Huxley is the perfect balance between amenity-rich city living and the comfort of a small-town lifestyle.

The community was designed for living closer to what you love.

Huxley embraces the rural grasslands character of the natural space that was there before and will continue to preserve the natural environment with greenspaces and a wetland park.

The grand opening for this new community is set to take place in the fall of 2025.

Spec Home Specialty

Genesis Builders is proud to offer a variety of quick possession homes, making it easier for families to find their perfect fit without the long wait. Genesis maintains spec homes available at different stages of construction

across the CMA. “We offer a mix of front-drive, laned, duplex, and townhomes as quick possession options,” he shares. says Mike deBoer, Vice President of Homebuilding at Genesis Builders Group.

These spec homes are available in Airdrie (Bayview, Bayside), Calgary (Homestead, Lewiston, Vermilion Hill, Alpine Park, Logan Landing, Heartwood, Keystone Hills), Cochrane (Fireside), Chestermere (Clearwater), and Rockyview County (Harmony).

“Depending on the stage of construction, buyers might even have the chance to personalize their home while still benefiting from a shorter possession timeline,” deBoer explains. For more information on spec home availability visit genesisbuilds.com/ quick-possessions

GENESIS COMMUNITIES: Airdrie – Bayside, Bayview, Canals Landing E Calgary – Huxley NE Calgary – Lewiston SE Calgary – Logan Landing

Welcome to your dream home!

Alpine Park

Bayside

Bayview

Fireside

Harmony

Homestead

Lewiston

Logan Landing

Vermilion Hill

Visit us at GenesisBuilds.com

Clearwater

MORTGAGE TIPS

NEW RULES MAKE mortgage renewals easier for Canadians

by JESSE ABRAMS

T

he Office of the Superintendent of Financial Institutions (OSFI) recently announced a new rule for uninsured mortgages in Canada.

Uninsured mortgages no longer require stress-testing at renewal, which could save Canadian homeowners thousands of dollars.

HERE’S WHAT YOU NEED TO KNOW ABOUT THE NEW RULE For years, many Canadians felt bound to their current mortgage lender at renewal time. A key reason for this was the stress test, which is essentially an assessment designed to ensure borrowers can handle their mortgage payments in a rising interest rate environment. This stress test often prevented homeowners from switching lenders at renewal or refinance, leading many to accept renewal offers that weren’t necessarily in their best financial interest.

With the recent policy change, the stress test requirement for uninsured mortgages was removed, which means homeowners can now switch lenders more freely without facing this additional hurdle. This change comes at a crucial time, with approximately $350 billion in mortgages set to renew next year – up from around $250 billion this year – making it essential for homeowners to take advantage of this opportunity.

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Calgary Builder & Developer Annual 2025

IT’S IMPORTANT TO SHOP DIFFERENT LENDERS At Homewise, we’ve already noticed a significant uptick in homeowners seeking better options at renewal, especially through our partner embeddable rate aggregators. As this trend continues, we expect even more Canadians to start shopping around for competitive alternatives and take the time to see what else is out there.

It’s crucial to keep in mind that lenders have teams focused on maximizing profits, which often leads them to offering you higher rates when it is time for renewal. That’s one of the reasons our team at Homewise emphasizes to never settle for your lender’s offer at renewal. By simply exploring other options, you could save a considerable amount of money. For example, our team has been able to consistently secure our clients new rates up to 0.4 per cent less than their existing lender at renewal.

To get the best deal, it’s essential to start shopping around at least four months before your renewal date. Begin by reviewing your current lender’s offer, then reach out to a mortgage broker to see what alternatives are available. A broker can provide access to a broader range of lenders, rates and features – making it easier to find a competitive deal compared to your home bank.

2025 ALBERTA FORECAST

2025 ALBERTA FORECAST Strength remains in Calgary home market

T

by PEPPER RODRIGUEZ

he pace of growth in Calgary’s housing sector continues at breakneck speed, but 2025 may give the market a bit of a breather and bring it back to more balanced grounds.

Economists predict that Alberta housing markets will continue to outperform the rest of the country in terms of demand and price appreciation over the long term. But there are signs of a slowdown for 2025, particularly for Calgary says Ben Rabidoux of Edge Realty Analytics.

“2025 will be a transition year for Calgary specifically.

While Edmonton and other markets will perform better next year,” he says during his remarks at the BILD Alberta conference in Jasper last October.

START IT UP Calgary has enjoyed a huge jump in housing starts over the past few years. According to the Canada Mortgage and Housing Corporation (CMHC), both the city of Calgary and the Calgary Metropolitan Area will continue to see strong housing start and completion activity.

In 2023, the CMHC says the city of Calgary recorded 16,679 housing starts. From January 1, 2024, to October 31, 2024, the city of Calgary has recorded 16,583 yearto-date (YTD) housing starts, nearly surpassing the prior record-breaking year with two months to go.

Similar strong performances occurred across the entire Calgary Metropolitan Area, which also includes Airdrie, Chestermere, Cochrane, Foothills County, High River, Rockyview County, Okotoks and Strathmore.

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CMHC data shows a 24 per cent YTD increase in the area over 2023 in housing starts and nearly a 60 per cent YTD increase over 2023 in housing completions.

ALBERTA STILL TOPS Alberta housing starts continue to soar, rising to 37,971 as of October 2024, a 34 per cent increase over the same period last year.

CMHC data reinforces that Alberta continues to show strong success in increasing its housing supply, which will help stabilize costs and improve the housing outlook for Albertans across the province.

Edmonton’s housing starts were up 47 per cent to 14,976, while Calgary rose 24 per cent to 20,104. The cities of Red Deer and Lethbridge also saw significant increases, with the former going up 93 percent and the later up a remarkable 209 per cent.

“Alberta is seeing remarkable numbers of new housing starts as our province continues to grow,” says Jason Nixon, Minister of Seniors, Community and Social Services.

“These homes are an investment in Alberta’s future, and we will continue to work with our partners to make sure we continue to increase Alberta’s supply and strengthen our communities for years to come.”

“The 34 per cent increase in housing starts highlights the strength of Alberta’s housing market and the positive impact of ongoing efforts to reduce construction barriers,” says Scott Fash, CEO, Building Industry and Land Development Association (BILD) Alberta.

“With continued collaboration between industry and government, we’re building the homes Albertans

18 Calgary Builder & Developer Annual 2025

need to thrive. BILD Alberta remains committed to supporting this growth and ensuring a strong, sustainable housing future for the province,” he adds.

Minister Jason Nixon RISING POPULATION The rising housing starts though may be hard pressed to keep up with the swelling population in the province. Although new federal regulations are being put in place to stem migration to the country, Alberta will still be a prime destination for newcomers in 2025.

According to Statistics Canada population estimates for the second quarter of 2024, Alberta was the fastest-growing province or territory during this period, increasing by 46,200 residents for a rate of 0.9 per cent.

In Calgary, BILD Calgary CEO, Brian Hahn, says it is imperative to work together with the municipal government to meet the challenges of the coming year.

“It is encouraging to see The City of Calgary move forward with the consideration of growth applications as part of the updates to the City of Calgary service plan and budgets.” He adds that this is a crucial step in unlocking needed land supply, as this strong performance in housing starts and completions has created demand for new fully serviced lot supply.

The favourable lending rates – which once stood at 5 per cent – give new homebuyers impetus in finding a lower mortgage and make the dream of owning their own home more attainable.

Not only are the interest rate cuts working in favour of the homebuyer, but the recently announced 30year mortgage option that the federal government is Clay Jarvis making available to firsttime homebuyers is going to spur homebuying in in 2025, particularly in Edmonton.

In late July, the federal government announced it would allow “30 year mortgages for first-time buyers of new builds”.

This significant change to mortgage rules would allow an additional five years to pay off a mortgage, which is anticipated to help create more opportunities for the younger generations.

“Growth contributes significantly to Calgary’s finances. In the case of new community development, developers cover all the costs for on-site infrastructure and 100 percent of their share in off-site infrastructure.

Both new community development and redevelopment generate revenue for The City through increased property taxes, utility rates, franchise fees, and other fees.”

FALLING INTEREST RATES SPUR DEMAND What may likely heat up the market further in 2025 is the falling interest rates. On Oct. 23, the Bank of Canada cut its key overnight lending rate to 3.75 per cent — dropping the figure by 50 basis points from the previous 4.25 per cent. Experts say even deeper interest rate cuts can be expected.

EDMONTON GAINS STRENGTH, CALGARY TO PLATEAU Clay Jarvis of finance advice website NerdWallet Canada, says Edmonton is poised for a better year, than the other major Alberta city to the south.

“I think Edmonton’s poised for a bigger year. Prices haven’t flared up to the same degree they have in Calgary, so there’s more room for growth. There’s also more upside for investors, who I think will devour as many properties as they can – in Edmonton and elsewhere – now that rates are coming down,” he tells NextHome.

“Calgary’s harder to read. On the one hand, prices there are getting awfully high. The average price for detached homes is already over $750,000 and could easily top $800,000 by this time next year if the market stays warm.

That could knock many buyers out of the market or push them into the condo/townhouse segment.”

He does note that if rising prices spur “FOMO” (fear-of-missing-out) among the city’s buyers “they might charge into the market and start a real run on properties. If that’s the case, sales will rise, inventory will evaporate, and prices will spike across the board.”

ALBERTA REMAINS THE PLACE TO BE Rabidoux of Edge Realty Analytics says Alberta markets remains well-positioned to perform well over the long term, as fundamentals are still very favourable.

The robust market will be abetted by falling interest rates, which he thinks will fall further. Alberta will also continue to lead the country in population growth, but total population growth is set to slow sharply.

“Calgary is transitioning to a more balanced real estate market, but Edmonton and other markets will stay hot in 2025,” he says.

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New brand, new models to take StreetSide to new heights in 2025

F

rom starter homes to downsizer homes all the way to luxury homes, StreetSide has it all covered in their exciting and wide-ranging line of townhomes.

Founded nearly 30 years ago as part of the Qualico group of companies, StreetSide has perfected the design of the townhome, maximizing this versatile multi-family home’s innate flexibility. And with its new streamlined brand, StreetSide is all set to take on 2025’s hot homeowning market.

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Perfecting the townhome

The townhome has always been a favourite among homebuyers looking for a single-family lifestyle with multi-family affordability. StreetSide has always been on the cutting-edge of multi-family designs with an eye on stylish functionality and affordability in all their townhome and apartment condo offerings.

Today, StreetSide’s townhomes are hotter than ever as homebuyers who find themselves priced out of the single-family

market turn to the tried-and-true multi-family option to make their homeowning dream happen.

StreetSide is responding to the needs of these new homebuyers by developing new models attuned to their tastes, including three- and four-bedroom models, more attached garage options, and upgraded standard features that ultimately saves on costs.

A new StreetSide

With what looks like a robust 2025 market ahead of them, StreetSide created a new national brand identity last Fall to better reflect its elevated brand standards.

“StreetSide has launched a new rebrand to reflect its current products and customers,” says Marketing Manager, Emma Murray.” The new brand features an icon and logo with a new font, an updated colour, and a simple yet strong impact of just one word: StreetSide.

The StreetSide team decided to drop the word “Developments” in the rebrand to make it feel more personable and streamlined, qualities that the company is known for. “We wanted our logo to feel more like the business we represent today – young, fresh and innovative.”

StreetSide also opted for a fresher blue colour, with lots of complementary colours in the overall brand guidelines that can be used. Bolding half of the logo allows it to pop and stand out, compared to having all the same font thickness.

A more modern typeface and the jaunty slant of the ‘d’ adds some fun and interesting play.

Open to the interpretation of the viewer, the angled ‘d’ can look like a roof line, and also allows some fun graphic opportunities.

Finally, maintaining “A Qualico Company” as part of the logo continues to demonstrate StreetSide’s longstanding history in its markets.

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The rebrand is reflected in all four StreetSide regional operations in BC, Alberta and Manitoba.

Coming attractions

Calgary continues to attract a record number of newcomers to the city and StreetSide has several new developments designed to win hearts and minds of the ever-growing market.

“We have tweaked our designs to reflect the needs of the market, including having more three- and four-bedroom models to suit the needs of our buyers. We have also updated our standard features to include what were the most requested upgrades passing those savings onto our customers,” Murray says.

Among their latest developments is Red Embers Point East, which marks their return to this much soughtafter northeast community of Redstone. “We will have 121

22 Calgary Builder & Developer Annual 2025

townhomes at Red Embers Point East, including the newly designed F model,” Murray says.

Redstone Square, which will have one- to three-bedroom apartment condos, as well as three- and four-bedroom townhomes. “This will have such a fantastic location just across from the upcoming Market Square retail complex,” Murray says.

“It just shows our commitment to offering every opportunity to homebuyers to find the right home to fit their lifestyle and budget needs in a location that provides lots of amenities.”

More to love

Already selling is Rangeview Gardens in the southeast, which are three-storey townhomes in Calgary’s only garden-totable community. Starting from $499,900 including GST, these townhomes offer spacious living with three- and four-bedroom models and should be available for possessions in the second half of 2025.

There’s also Sirocco Gate East in the southeast. Each townhome boasts generous living spaces, sleek kitchens, tastefully appointed bedrooms, and upgrades that are now standard. Situated in the vibrant community of Sirocco, these townhomes will also have access to a range of desirable amenities including parks, shops, Sirocco Golf Course and quick access to public transportation.

Harmony Heath in the popular lake community of Harmony in Springbank picks up where StreetSide’s two previous, soldout developments here left off.

They are fee-simple townhomes that come in front-attached or laned models and have 3- or 4-bedrooms. “This is as luxurious as it gets and is considered StreetSide’s crown jewel located in a community that offers fourseason resort – what more can you ask?” Murray says.

Find out more about all these exciting developments at streetsidecalgary.com.

New 3-4 Bedroom Townhome Developments, in Calgary Communities

“

Quality Multi-Family Homes, Designed & Delivered with Care

“

streetsidehomes.ca

HOME DESIGN

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by SALINA YARA HALABI

orget the local Happy Hour – informally fabulous kitchen gatherings are here to elevate a weeknight or add a twist to your weekend itinerary. The kitchen is no stranger to impromptu gatherings. It’s a space where the senses are ignited with flavours and scents that activate memories and inspire adventures. Not to be confused with the formal dining area, the kitchen is where things get real, where people are comfortable, and often where the best conversations happen.

Play off the energy of this effortless social space by bringing in pieces that encourage lingering within the kitchen. Comfortable kitchen island seating or a bistro style table can make your kitchen space the “it” destination of the home. Don’t have the space for seating? Bring the kitchen experience to another level by using a stylish bar cart filled with the small bites and sips that pair perfectly with friends and catch-ups.

A social kitchen is a space where hors d’oeuvres are the main event – and they’re celebrated with interesting small plates with dedicated utensils. It’s where eye-catching glassware and unique coasters make a simple beverage feel curated, and little details like playful cocktail napkins or adorned appetizer picks turn a night-in to an intentional experience. The kitchen is where life lives in the home, so give it the details and accessories that make its energy thrive.

1. Strawberry thief paper napkins. simons.ca 2. Bormioli Rocco stone D.O.F glasses. heartofthehomeyeg.ca 3. Match crudite tray. cosafina.ca 4. Cocktail candy dehydrated lemons. simoneandivy.ca 5. Contardi bar cart. parklighting.ca

24

5

Calgary Builder & Developer Annual 2025

3

4

Trico Homes ready for the next milestone in 2025

T

he launch of Brawn Landing in the early fall of 2024 sets the stage for another milestone year at Trico Homes, as it plans to build across 27 communities in Calgary in 2025, including seven new developments.

Brawn Landing is Calgary’s newest master-planned community in the southwest, and it promises to add to Trico’s growing list of achievements. Trico is going

to be the land developer and exclusive homebuilder in this 33-acre community at the intersection of 85th Street and 12th Avenue SW. This community will feature a variety of luxurious home options, including ExecutiveStyle Bungalow Villas, SemiEstate, and Estate Homes, all with double- and triple-car garage options, and all from Trico Homes. It will also have a commercial component that will add to the dynamic

lifestyle of this vibrant corner of the southwest.

“Brawn Landing is a testament to Trico Homes’ commitment to excellence in homebuilding,” says Michael Brown, President & CEO of Trico Homes. “We are excited to bring this exceptional development to Wentworth, offering residents a unique blend of luxury and convenience.” The first showhomes in Brawn Landing are expected to open soon.

nexthome.ca 25

Trico Homes is also western Canada’s first and only homebuilder to become a certified B Corp. This international designation is earned by those who are redefining the ways success is measured in business. “We’re committed to our industry and our city. And we are conscious about creating a lasting legacy as a company that helped make the world a better place,” Schwartz says.

HUMBLE BEGINNINGS BRING ON 2025 Brawn Landing is just the tip of the iceberg, as Trico Homes is set to open several new showhomes in Calgary’s best communities in the coming months.

They will be building in 27 communities across Calgary and the surrounding areas.

This includes seven exciting new developments: Bridgeport in Chestermere, Harmony in Springbank, Huxley in Northeast Calgary, Heartwood and Creekview in Southeast Calgary, and Verona North Townhomes in Northwest Calgary.

“In addition, we are thrilled to announce the release of Phase 2 of the West83 Townhomes, alongside the debut of our highly anticipated estate and bungalow villa homesites in Brawn Landing,” says Glenda Schwartz, Director of Marketing at Trico Homes.

“Showhomes will take center stage in 2025, with an unprecedented portfolio featuring 26 single-family homes and 6 multi-family homes—our largest collection to date,” she adds.

26

Calgary Builder & Developer Annual 2025

CULTIVATING A WINNING CORPORATE CULTURE A strong corporate vision, a healthy bond with the community and high-quality craftsmanship that exceed clients’ expectations has made Trico one of Canada’s best, but its backbone has always been the strong corporate culture it has nurtured that is as keen on exceeding homebuyers expectations as well as its employees.

Since its founding in 1992, Trico Homes has established a name as one of Calgary’s most reputable homebuilders, and one of the city’s brightest success stories if ever there was one.

It prides itself as a familyrun, entrepreneur-driven operation that has won several awards recognizing its achievements. They’re a Platinum Club member of “Canada’s 50 Best Managed Companies” from 2004 to 2024, named as Canada’s Best Workplaces (13x – 2006-2008, 2010-2016, 2018-2020), and Great Places to Work Certified (8x – 2016-2024), and many more.

Trico Group of Companies’ founder, Wayne Chiu, says the company he started in 1992 has grown even beyond his most ambitious expectations, “we were an entrepreneurial operation in which I made all the decisions,” he said in a newspaper interview. “But to grow, they needed to change this mindset and begin thinking more like a corporation with a clear vision for growth.”

He brought on board operational, sales and marketing professionals as well as customer service specialists who shared his passion for quality homebuilding and dedication to customer satisfaction. The company has since gone on to build more than 12,750 homes in and around Calgary.

Although the company has grown to over 185 employees, it remains a very familyoriented work environment, with this sense of belonging extending not just to the management and staff, but to their customers as well.

PILLAR OF THE COMMUNITY One of the biggest factors in Trico Homes’ selection is its

commitment to community support and involvement.

Trico Homes has always been keenly aware of the role it plays as a corporate citizen and has always strived to give back to the community that has supported its business.

“Strong communities are the foundation on which great homes are built. We bring our very best to every neighbourhood where we work and live – providing the support, enthusiasm, and leadership necessary to help those communities thrive,” Schwartz says.

“For Trico, supporting our community is fundamentally tied to our values, mission, and vision.”

Trico Homes is proud to lend its name and ongoing support to several showcase initiatives in this city: Kids Cancer Care of Alberta, the Trico Centre for Family Wellness, Trico Changemakers Studio (at MRU), the Chiu School of Business (at BVC), the Trico Foundation Social Entrepreneurship Centre (at UofC Haskayne School of Business), and Women in Need Society (WINS).

A DIVERSE SELECTION From townhomes to estate homes, Trico Homes has the home to fit any lifestyle, and available in all four quadrants of Calgary, as well as in Okotoks, De Winton, Chestermere, Cochrane, Airdrie and Springbank.

“Our diverse communities offer a variety of new homes designed to meet your unique lifestyle and needs,” Schwartz says.

“From the serenity of suburban neighbourhoods to the vibrancy of urban living, each community is not just a collection of houses but an amenities-filled, welcoming neighbourhood crafted with care, quality, and the commitment to excellence that our home builders at Trico are known for in Calgary.

We invite you to explore the different communities in Calgary and surrounding areas and discover your dream home!”

Find out more at tricohomes.com

nexthome.ca 27

Excel Homes goes big in 2025 Excel Homes is keeping the momentum going in 2025, as it prepares to launch in four new communities in Calgary and open dynamic new showhomes that display their mastery in form, function and affordability.

With the falling interest rates and new federal mortgage regulations to help first-time homebuyers into their new home, Excel is wellprepared to meet the expected surge in demand in the coming months.

In Calgary, Excel Homes will be in the new communities of Starling in the northwest,

28 Calgary Builder & Developer Annual 2025

Lewisburg in the northeast, Seton Ridge in the southeast, and Princeton in Rocky View. All are young communities that have just launched or are about to.

“We are thrilled to be in all these new communities that reflect the exciting growth of Calgary as one of the best places to live,” says Excel Homes Marketing Manager, Kristina Plank.

ON THE GROWTH TRACK With the falling interest rates and new federal mortgage regulations to help first-time

homebuyers into their new home, Excel is wellprepared to meet the expected surge in demand in the coming months and continue the swelling momentum it has generated in the past year.

“2024 was a spectacular year for Excel Homes, exceeding our sales targets and continuously finding more effective and efficient ways to build homes in a 6–8-month time frame in both Calgary and Edmonton,” says a Plank.

For more than three-and-a-half decades, Excel Homes, which operates in both Calgary and Edmonton, has played a huge role in the dynamic growth of the Alberta’s homebuilding sector.

In 2025 they are making even bigger strides in providing buyers with an excellent range of options to make the homebuying dream come true.

“Since we first began in 1988, we’ve built over 14,000 homes in 85 communities across Alberta, and we have received over 75 awards for design and industry excellence,” Plank says.

“That experience has helped develop a refined homebuying experience that values our homeowner’s time, simplifies the big decisions, and minimizes any stress that can come with building a new home. We make the experience of building a brand-new home exciting, easy and memorable throughout the entire process,” she adds.

NEW COMMUNITIES Excel will have front-drive garage (FDG) homes in the brand-new ommunity of Starling in the northwest. “This new community fosters a strong sense of connection, where friends and family come to meet,” Plank says.

In Lewisburg in the northeast, Excel will have FDG and duplex homes. “The community is designed to be greener, more complete, scaled to pedestrians and inclusive to everyone at all stages of life with a mix of housing diversity.”

nexthome.ca 29

Seton Ridge is Calgary’s newest urban hub in the southeast that sits directly south of the vibrant community of Seton and overlooks the Bow River Valley. “We will be offering front drive garage and duplex homes in this beautiful new community.”

Plank says there is also plenty of excitement for the new community of Princeton. “We will be offering front drive garage homes in Princeton.

This brand-new community is in Rocky View County, just south of the TransCanada Highway and west of Garden Road with quick access to both Calgary and Chestermere. This community offers the perfect balance between peaceful country living and urban accessibility.”

Additionally, Excel has brand new show homes that are slated to open in fall of 2025 in the bestselling NW community of Livingston, as well as brand new show homes coming to SE Calgary in Rangeview, which was just named the best new community of the year.

KEEPING IT SIMPLE AND SUSTAINABLE What has made Excel Homes one of the most successful homebuilders in Calgary is its unstinting and streamlined way of catering to its customers.

“At Excel Homes, our mission is to make the home buying journey simple. Homeowners can design the interior of their home in just one day at our convenient Design Centre located in each of our community Sales Centres. We offer

30 Calgary Builder & Developer Annual 2025

designer-curated interior selections to make things simple,” Plank says.

“Additionally, all our homes are Built Green certified, and every homeowner receives access to our move-in concierge service, Virtuo and free legal fees when using our trusted legal partner.”

ALBERTA ADVANTAGE Plank says the province of Alberta is the place to be if one is looking for a new home. “Alberta continues to be one of the best provinces in the country to live in with our lower cost of living, newly reduced interest rates and an abundance of beautiful natural landscape,” she says.

“We continue to see a substantial amount of migration to our province, so we are very optimistic that we will have another successful year in 2025. Excel Homes continues to grow in both Calgary and Edmonton.”

There are still challenges, but with falling interest rates demand for homes is likely to surge.

“Buying a new home now gives you the ability to lock in your interest rate with a rate hold, which gives you some protection from future rate increases,” she explains. “In addition, the cost of land, labour and supplies is expected to increase this year– buying now locks in the best price for you,” Plank says.

Go to excelhomes.ca for more.

PHOTO COURTESY LOGEL HOMES

CALGARY HOMES

Apartment condo

KNOW YOUR NEW HOME

types in Calgary

N

by PEPPER RODRIGUEZ

ew homebuyers are the lifeblood of the homebuilding industry, but so are new home buyers. There is a difference between the two. The former is someone buying a home for the first time, and the latter is someone purchasing a newlybuilt home. Both are important to the industry, and in Calgary there is a lot of them.

Newcomers to the city have come in droves attracted by Alberta’s thriving economy, and the continued affordability of homes in Calgary. But whether it’s a local buyer going into the market for the first time, or someone new to the city and wanting to buy a new home to settle in, there are ample opportunities around.

Buying a new home will always be the best option, especially for first-time homebuyers.

First of all, it is covered by a 10-year limited warranty that is not available with a resale home. You also don’t have to immediately renovate if you don’t like the previous owner’s style.

And if you’re new to the city or country, it is always recommend to look for a homebuilder that makes the purchase process easy. One that takes the stress out of buying the home. Having to make decisions about location, model, picking your finishes, buying appliances and window coverings, and worrying about landscaping can be overwhelming.

There is also the option of buying a quick possession home for someone who is on a tight timeline. That way all the headaches and decisionmaking for selections are taken care of.

nexthome.ca 31

PHOTO COURTESY STREETSIDE

Townhomes

offer a single-family home lifestyle with multi-family home affordability.

Townhomes are offered in a wide variety of styles that work for different kinds of lifestyles. They may be stacked on top of each other; or side-by-side in a row; they can offer single-level living or a three-storey lifestyle; and they might have condo fees and there are those that don’t. Some even have attached garages for extra convenience.

Townhomes are hot on the homebuying market right now and are available in many of Calgary’s newest communities.

Buying a new home is probably going to be their biggest investment and it is worthwhile to get a home that is already personalized to your needs, with better levels of efficiency than an older house.

With that in mind, there are plenty of new home types to choose from in Calgary, and buyers would do well to know first which one would fit their lifestyle and budget needs best.

APARTMENT CONDOS Whether it’s a downtown tower, an inner-city midrise, or a lifestyle-connected four-storey condo in the suburbs, single-level apartment style living offers a rich, fulfilling option for new home buyers.

Apartment condos have always been thought of as a perfect first-time homebuyer opportunity, but there is more to them than just that. Retirees looking to age in place also see the benefit in single-level living. It’s a tempting option for investors, as well, and even young families are finding a fit here.

Multi-level condo developments are communities in themselves, and there are plenty of opportunities in and around Calgary to find the perfect single-level lifestyle home.

Not only are condo apartments the most affordable option to own a home they also offer the most convenient, lock-and-leave, maintenance-free lifestyle.

It’s a good way to start earning equity as well or as an investment property.

TOWNHOMES Whether upsizing or downsizing, for many, the townhome is about right-sizing. The townhome is the most versatile new home option in the market these days; it’s stylish, functional, and just makes sense. Most of all, it’s affordable.

New home buyers love the fact that they can get a two- or three-bedroom home (increasingly, fourbedroom modrls, as well) for a lower price than is typical for a duplex or laned home, with the extra advantage of a low-maintenance lifestyle. Townhomes

32

Calgary Builder & Developer Annual 2025

COURTESY TRICO HOMES

DUPLEX The future is duplex homes for many new home buyers looking to settle into a single-family home. They are practical, affordable, and they are hotter than ever, and not just for first-time homebuyers.

Duplex homes

The duplex home used to be looked down upon as the poor cousin of the single-family home set. But through years of design innovation, sound-attenuation improvements, and evolving exterior looks, this twinhome design has become a favourite.

Homebuilders have different names for the duplex.

Some call it a side-by-side home, or a semi-detached home, or even a paired home. No matter what it is called, its flexibility, functionality, and perhaps most importantly, its affordability has made it a perennial best-seller.

A duplex is a single structure featuring two residences, each with its own private entrance and one shared wall (there is a gap between homes to lessen sound transfer). Each home is individually owned, and unlike townhomes, have no condo fees. It’s twice the nice at half the price.

Sound transfer used to be the biggest knock against duplexes, but that is largely a problem in the past as the advances in sound attenuation technology and floorplan designs work to limit the creaks and cracks.

Many now also come with attached garages for greater convenience.

Front-drive garage homes Besides its inherent affordability, the flexibility duplex homes offer homebuyers is just as integral to its appeal.

There have been instances where families buy both units so the parents can live in one household and the kids in the next.

Duplexes continue to be a best-seller for homebuilders as they are seen as an attractive alternative to condos or townhomes, and many are readily available Calgary’s best communities.

LANED HOMES Laned homes have been the darling of the new homebuyer set for almost as long as there has been a new homebuilding industry. This type of home usually has a porch or veranda facing the street, or big front windows with unencumbered view of the front yard. It also has a parking pad or detached garage with rear lane access, and it has always been the preferred first home for many.

Traditional designs have typically been utilitarian with three bedrooms and two-and-a-half baths with an open concept main floor and a basement development option. But lately, there has been a noticeable change in the design.

Over the last decade or so, it was rare to see laned homes larger than 1,500 square-feet, but today, as lifestyle needs of buyers continue to evolve, laned homes have gotten bigger, offering more living space than ever before, many coming with options for spice kitchens, and main floor bedrooms, and more.

And as for curb appeal, nothing can beat the laned home, as they present a friendlied curb side presence, with much more architectural detail on its façade than most other homes.

FRONT-DRIVE GARAGE (FDG) HOME For many of today’s families, the ideal home remains to be the front-drive attached-garage home. These types of homes are as ubiquitous as the suburbs they are generally found in and are at the apex of the homebuying cycle.

Laned homes

It is the home most everyone who has lived in an apartment suite, a duplex, or a townhome, aspire to live in eventually. Especially when they have children, and they see their families grow.

FDG homes come in many forms. In Calgary, they are usually two storey homes with three-bedrooms, twoand-a-half baths, and a basement development options, and of course, a garage to fit two cars – or more. There are also now some that offer a third floor option.

The FDG home can also come in subsets like bungalows (single-level single-family homes) and estate homes (luxury homes some with triple car garages).

Homebuilders usually use the FDG home to showcase their skill and craftsmanship and they are usually the easiest to find in showhome parades. But since they are the biggest of all the home types, the FDG is the least affordable. Many builers however offer options now that can make the home work for the buyers.

By adding secondary suites with separate side entrances as an option, a new homebuyer can rent out the developed basement and use that to assist paying down the mortgage. Main floor bedrooms with full baths have also become a popular option to cater to the multi-generational household, where aging parents can live comfortably without having to negotiate stairs.

These options are also available in some laned, and duplex models.

There are a few subsets of the FDG home in Calgary: there is the bungalow, a single-level single-family home that is preferred by many downsizers; then there is the the three-storey FDG home which has a loft or extra room on the third floor. Imagine all the living space you can create when the basements of these homes are developed.

Still, stepping into such a big life-changing commitment, it’s normal to have doubts. That’s why a lot of homebuilders offer further assurances that can help new home buyers make the decision. So check the showhomes and talk to the representatives, they are trained professionals that can give you the best advice for your new home for free.

nexthome.ca 33

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34 Calgary Builder & Developer Annual 2025

Akash Homes brings 20+ years of lifestyle expertise to Calgary

J

ust as Calgary continues to attract homebuyers to the city, more new homebuilders are also coming in providing new energy to the local industry.

Akash Homes from Edmonton is one of the newest homebuilders to come the city, providing their own brand of dynamic and affordable new-built homes.

“Akash started building in Calgary just before the pandemic in September 2020.” says Janice Chiu,

Akash Homes Marketing Manager.

“Despite industry sales and customer behavior trends during that period, we knew there was strong long-term demand in the Calgary market and an opportunity to bring simple, affordable, quality homes to new communities in Calgary and its surrounding areas.”

According to the City of Calgary, Calgary’s population, as of April 1, 2024, was estimated at 1,491,900, representing a population growth rate

of 4.9 per cent since April 2023. This estimated addition of 69,000 residents to Calgary’s population represented one of the most significant annual increases in Calgary’s history “Calgary has always attracted new residents thanks to its culturally and economically vibrant atmosphere and young, robust population.

Compared to larger metropolitan cities, Calgary’s home prices make it an attractive destination for interprovincial migration,” Chiu says.

nexthome.ca 35

OFFERING THE AKASH VISION TO CALGARY For more than 20 years, Akash Homes has established itself as a premier homebuilder in Edmonton, distinguishing itself with its own brand of lifestyleoriented homes.

It is this singular vision in home design that they bring to Calgary, and their line of townhomes, duplex, laned, front-drive garage, and estate homes has been very warmly received here.

Chiu says Edmonton and Calgary have very different characteristics as to what the market wants and needs.

“Yet our approach remains simple and consistent. At Akash, we pride ourselves on offering a selection of strong, sought-after home models to meet the needs of diverse homeowners.”

36

Calgary Builder & Developer Annual 2025

Akash’s townhomes and laned homes offer functional, spaceoptimized layouts ideal for first-time homebuyers and growing families, she points out. While those seeking more room and flexibility will find their front-drive homes providing additional indoor and outdoor areas to suit their lifestyle.

“This year, we introduced estate homes as an exciting new offering in one of the most exclusive new residential communities of Goldwyn in Balzac (just north of Calgary) and the response was very positive,” she says.

“We’re blessed to say that the city has welcomed us, and it’s been a great opportunity to grow and provide quality homes for Albertans.”

SOWING THE AKASH SEEDS Akash Homes has found fertile ground indeed in some of

the Calgary region’s newest communities.

“In 2024, we proudly opened our first showhomes in Sora (SE Calgary), Goldwyn (Balzac), and Key Ranch (Airdrie),” Chiu says.

“In Cochrane, we are building in the established community of Heartland and the upcoming West Hawk development. Our construction projects also span Airdrie, Balzac, Okotoks, and Chestermere.”

She points out that by constructing a range of homes within these distinctive communities, Akash can attract a wide range of prospective buyers.

“We take great pride in knowing that homeowners can find homes that suit their needs, grow families, and build memories for years to come.”

GROWING CALGARY IN 2025 Huge things are in line for Akash Homes in 2025, as they continue to expand in the Calgary region with several new communities launching this coming year.

“Early next year, we’ll unveil a duplex and laned showhome in the amenity-rich community of Clearwater Park in Chestermere.

Homeowners can enjoy access to a community clubhouse, fitness facility, skating rink, and much more!”

Also in the works is Belvedere, a community bordering Calgary and Chestermere, which will be the site of their new front-drive home development. “Residents have convenient access to a variety of dining and shopping options nearby,” Chiu says.

In southwest Calgary, near Spruce Meadows is the community of Pine

Creek. “Residents can enjoy the fresh mountain air and ample outdoor living space, while still benefiting from the amenities of city living. Akash will offer homes on garden lots, perfect for those who value the seamless transition between indoor and outdoor living.”

A short drive from south Calgary is the beautiful Town of Okotoks.

“Akash has been a builder in the thoughtfully designed community of Tillotson’s previous phases and will return with new homes in 2025.”

For those looking for a more urban vibe, Akash’s Greenwich Crossing stacked townhome development will be ideal for those looking for a unique community feel. “Harmoniously blending nostalgic village elements with modern living, homeowners will enjoy our Akash townhomes which offer comfort, and style, and are sure

to reflect homeownership pride!” she adds.

“Additionally, we’re developing the nature-inspired community of West Hawk in Cochrane, our second project there along with the successful Heartland development. Surrounded by the beauty of the mountains, West Hawk promises an exceptional living experience for our future residents.”

Akash is likewise excited to introduce several new multi-family projects in Calgary. “We will also add new models with side-entrance designs and four-bedroom floor plans to offer more flexibility, all while staying true to our brand’s signature simple and consistent style as we continue to grow our presence in the YYC market.”

FOR MORE INFORMATION, VISIT AKASHHOMES.COM

nexthome.ca 37

SALINA’S CORNER

A MOCHA MOMENT:

the 2025 home decor edit

by SALINA YARA HALABI

Glass VASE. cb2.ca

NATURAL GLAMOUR Mocha Mousse has the power to transform any space, bringing depth, a touch of glam, and a much-needed connection to nature.

38 Calgary Builder & Developer Annual 2025

A

deliciously chic hue is in the spotlight this year.

Pantone® has named Mocha Mousse its 2025 Colour of the Year, describing it as a “versatile shade infused with inherent sophistication and earthy refinement.” For the last 25 years, the Pantone® has selected a focal colour that reflects the global mood and influences design trends across industries – including home design and décor. For 2025, Mocha Mousse brings a sense of elevated comfort, with warm and natural undertones that have luscious qualities. It’s a step away from the neon and tech-inspired tones that have saturated our environments over the last few years. Feeling inspired? Add some Mocha Mousse to your home with curated pieces and unexpected applications that reflect this new era of understated luxury and comfortable design.

Pantone® Cortado CUP. pantone.com

CAFÉCORE Influenced by the rich tones of coffee and chocolate, Mocha Mousse creates an alluring atmosphere that calls for indulgent cups of caffeinated sips.

Patterned WALLPAPER. spoonflower.com

A LUSH NEUTRAL Offering a luxurious edit on a neutral, Mocha Mousse creates a dynamic backdrop that pairs well with both minimalist and eclectic designs.

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COZY CLASSICS This rich, coco tone speaks to the desire for moments of pleasure and relaxation, while also effortlessly balancing a modern and timeless feel.

RELAXED SOPHISTICATION Whether it’s at the foundation of your interior design or used to complement a wide range of palettes and materials, Mocha Mousse delivers a look that is luxe yet unpretentious.

Dining CHAIR. anthropologie.com

nexthome.ca 39

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40

Calgary Builder & Developer Annual 2025

FEATURE

Calgary in the spotlight in 2025 Last year, Calgary stood alone in the spotlight as the hottest housing market in Canada, maybe the world. Alberta’s biggest city held all the cards as far as housing market appeal goes, and the ace is its affordability.

Even today, as demand somewhat slows to a more balanced market, Calgary is still one of the best places to afford a new home.

Challenges remain for 2025, but the local new home industry is well prepared to meet those.

In this first issue of the Calgary Builders Annual, we gathered a selection of movers and shakers in the local housing industry in our Expert Panel to speak of the challenges in the coming year and how they are preparing to face them.

These experts are the very people who would know – coming from industry associations to those in the forefront of homebuilding and land development themselves. They are the people who build the homes and communities in the greater Calgary area, and they can speak with confidence and proficiency on everything about the market. Here’s what they have to say:

nexthome.ca 41

Expert Panel

Justin Castelino MARKETING DIRECTOR, ALBERTA HOMES, BROOKFIELD RESIDENTIAL

We are designing homes with 1- and 2-bedroom basement suites, main floor bedrooms, third storey lofts, and a number of pre-planned options

WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW ARE YOU FACING THEM? CAN YOU TALK A LITTLE ABOUT AFFORDABILITY AND HOW YOU’RE DEALING WITH THAT PARTICULAR CHALLENGE? As we move forward into 2025, we are dedicated to addressing the challenges facing the new home industry with thoughtful and practical solutions.

We understand the importance of attracting and retaining skilled trades and labour, and we are working closely with our partners across the industry to meet the market’s demands across the province.

Our commitment to affordability and quality remains a top priority.

We strive to offer a variety of home styles across our communities to meet different budgets. Many of our homes have been designed to offer basement suites that help provide additional income. We offer energyefficient options that reduce monthly utility costs while lowering mortgage insurance costs. Additionally, we carefully select interior and exterior materials that offer exceptional quality and durability, such as triple pain windows, fiber-cement siding and luxury vinyl plank flooring.

QUESTION FOR BUILDERS: WHAT ARE THE BIGGEST HOME DESIGN TRENDS YOU’RE EXCITED TO SEE IN 2025?

QUESTION FOR DEVELOPERS: WHAT NEW INNOVATIONS IN AMENITIES OR COMMUNITY DESIGN ARE YOU EXCITED TO TELL BUYERS IN YOUR NEW COMMUNITIES? On the homebuilder side, we are continuing to rethink how people are living in their homes and providing options to match these needs. We are designing homes with 1- and 2-bedroom basement suites, main floor bedrooms, third storey lofts, and a number of pre-planned options that offer choice and flexibility.

On the developer side, when it comes to innovation, we are always looking to create new experiences both for our residents and people interested in becoming a resident in our communities. We have focused on creating new spaces for people to

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interact with our community through our ambassador program and sales experiences. The Livingston Show Home Village was a collaborative effort between the developer and builder partners to bring a centralized sales experience to the buyer, where they can learn about the community and all home options in one space.

We have two new communities opening in Calgary next year and both will have a unique sales position, one now open in CrossIron Mills Mall.

Brookfield prides ourselves on the incredible Residents Association and Homeowner’s Association programs, facilities, and parks that we have created over the years across the province. Our latest property is The Lodge in Rockland Park featuring an outdoor pool and hot tub, this is a first for us and we are very excited for it to open later this year.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? We have seen a downward trend in mortgage rates, which helps with affordability for everyone. Additionally, we are really excited about two new master-planned communities in Calgary – Starling and Seton Ridge.

On a larger scale, we are going to continue to see people moving to Alberta. Our economic outlook and job market is positive; add in housing that is more attainable than other major cities, plus attractions like sports teams, international airports, the mountains, and more, and it’s easy to see why Alberta is seeing such incredible growth. All together, it’s a great time to buy a new home in Alberta.

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

Our industry needs to attract and retain skilled trades to build the communities and homes for the province. There are really great opportunities for people to get started in a lucrative career where hard work is rewarded - not just financially, but also by creating something you can really be proud of.

Scott Fash

Expert Panel

CEO, BILD ALBERTA

WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY IN ALBERTA? We are really focused on two things: housing demand and streamlining housing approvals / reducing costs. Alberta’s population has grown by 406,533 people (9 %) over the past two years. This growth has led to a significant increase in housing demand and construction over the past three years. This growth is expected to slow, but by how much?

Streamlining housing approvals and reducing costs for new housing continues to be a challenge. While many municipalities in Alberta have made progress in streamlining processes, others have started to introduce new costs and delays. Merely outperforming Toronto and Vancouver in housing approvals and affordability is not an acceptable standard to ensure longterm housing affordability.

HOW IS BILD ALBERTA ADDRESSING THEM? We focus on positioning the industry to be adaptable and efficient in the face of considerable unknowns. You do this by creating a predictable policy and regulatory environment at the provincial and municipal level. Ensuring there is adequate land supply, fast approvals, balanced development charges and consistent application of building codes all support an industry that can adapt in the face of rapid economic shifts.

HOW CAN THE INDUSTRY ACT TO HELP FIRST-TIME HOMEBUYERS? It’s important that we continue to offer diverse housing types in complete communities, so residents have options in the communities they want to live in.

Additionally, we have seen increasing popularity of semi-detached and townhouse units while more home buyers opt for a secondary suite which helps both with financing and monthly mortgage costs.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? Alberta’s homebuilders take pride in meeting high construction and

safety standards. When you choose a reputable builder, you can be confident that your new home will be built with quality materials, skilled craftsmanship, and great attention to detail. Plus, every new home comes with mandatory warranty coverage.

WHAT NEEDS TO HAPPEN FOR THE HOME BUILDING INDUSTRY TO KEEP GROWING IN 2025?

We need further regulatory changes to streamline approval processes to reduce delays, costs and accelerate project timelines. Our municipalities also need to increase the supply of serviced land to ensure we can rapidly meet growing demand.

Lastly, maintaining a strong focus on attracting the next generation into skilled trades careers will help address labor shortages and build a resilient workforce for the future of the industry.

Alberta is poised for another strong year of housing starts and we are hopeful that more of that growth will be spread to some of our amazing mid-sized cities.

WHAT DID BILD ALBERTA ACCOMPLISH IN 2024?

Advocacy to the provincial government is our core focus and we are proud on some significant accomplishments in 2025. Policies were removed from City Charters that could have added between $25,000 and $60,000 to the cost of new housing units in Calgary and Edmonton. We also have made significant strides towards modernization of the Land Titles System.

WHAT WE’RE EXCITED ABOUT IN 2025 Alberta is poised for another strong year of housing starts and we are hopeful that more of that growth will be spread to some of our amazing mid-sized cities. We are extremely excited to continue our work with the provincial government in broader reforms to the housing approval and building code systems. If we are able to get some of these items across the finish line, Alberta will be poised to retain and protect housing affordability for generations to come. nexthome.ca 43

Expert Panel

Brian Hahn CEO, BILD CR

Both the city of Calgary and the Calgary Metropolitan Area continue to see strong housing start and completion activity this year.

WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW IS BILD CR ADDRESSING THEM? CAN YOU TALK A LITTLE ABOUT AFFORDABILITY AND HOW BUILDERS AND DEVELOPERS ARE DEALING WITH THAT PARTICULAR CHALLENGE? The principal challenge for 2025 is to continue to build on the momentum from the record pace of housing starts in the prior four years. Affordability is always forefront, notably Calgary remains the second most affordable metropolitan region in Canada for housing. Coupled with the region’s natural beauty and livability, Calgary remains a very attractive place to live, work and play. Builders and developers continue to work collaboratively with policy makers as well as educational institutions to ensure there is a growing supply of human resources attracted to the land development and home construction industries.

HOW CAN THE INDUSTRY ACT TO HELP FIRST-TIME HOMEBUYERS? In addition to local and provincial advocacy aimed at lowering time and cost barriers to housing supply, through the consistent advocacy of BILD’s national association, The Canadian Home Builders Association, the maximum amortization period increased from 25 to 30 years for many first time home buyers. This longer allowed amortization period helps to lower monthly payments for first-time homebuyers.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? Interest rates appear to be headed downward presently, but more importantly industry clearly continues to mobilize resources to achieve record housing start and completion results. As the Canadian Home Builders’ Association says, “Supply is the key that unlocks home affordability.” BILD Calgary Region, BILD Alberta and The Canadian Home Builders’ Association continue to

44

Calgary Builder & Developer Annual 2025

work collaboratively with municipal, provincial and federal regulators to lower the barriers to the cost effectively and timely addition of housing supply.

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

Further collaboration with municipal, provincial and federal regulators to continue to lower barriers to the full continuum of housing supply and unlock the door to home affordability.

GIVE A RECAP OF WHAT BILD CR WAS ABLE TO ACCOMPLISH IN 2024 AND WHAT IT’S MOST EXCITED TO DO IN 2025.

In mid-November, Canada Mortgage and Housing Corporation (CMHC) published its Housing Starts and Completions report for October 2024. Both the city of Calgary and the Calgary Metropolitan Area continue to see strong housing start and completion activity this year.

From January 1 to October 31, 2024, 16,583 housing starts were recorded in Calgary, nearly surpassing the prior record-breaking year with two months to go.

Similar strong performances occurred across the entire Calgary Metropolitan Area, which also includes Airdrie, Chestermere, Cochrane, Foothills County, High River, Rockyview County, Okotoks and Strathmore. CMHC data shows a 24% YTD increase in the area over 2023 in housing starts and a 62% YTD increase over 2023 in housing completions.

This was a result of strong collaboration with a support from all the regional municipalities, including The City of Calgary and Airdrie, Chestermere, Cochrane, Foothills County, High River, Rockyview County, Okotoks and Strathmore.

For 2025, our members look to build on the successes of 2024 and the strong collaboration with their contractors, suppliers and municipal, provincial and federal regulators.

Jacq Lakusta SALES MANAGER, AKASH HOMES WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW ARE YOU FACING THEM? CAN YOU TALK A LITTLE ABOUT AFFORDABILITY AND HOW YOU’RE DEALING WITH THAT PARTICULAR CHALLENGE? The challenge for 2025 will be affordability and supply vs. demand across the housing market.

Affordability is the buzzword in the housing industry lately, and when coupling factors like rate decreases and the new 30-year amortizations. It will be key for us to carefully assess the market demands and continue educating buyers about the market while guiding them through their home purchases with us. Ensuring our clients are well-educated on the current market conditions will help us (and buyers) through the challenges that lower interest rates and new housing policies will have on them.

QUESTION FOR BUILDERS: WHAT ARE THE BIGGEST HOME DESIGN TRENDS YOU’RE EXCITED TO SEE IN 2025? WHAT CAN BUYERS BE EXCITED FOR IN TERMS OF DESIGN INNOVATION? We’re seeing a slight shift toward more modern designs and a step back from previous years’ bold patterns and colours. Neutral colours, like whites and sandy colours, and light-coloured wood grains are making a big splash right now with more bold accents like gold and black fixtures popping up. The trend for eco-conscious and green-friendly

homes continues and we expect to see this continue to evolve.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? Buyers are always looking for impact, and the biggest way we can impact buyers is to educate them well on the value of the homes they’re looking to purchase. Confidence comes from knowing their asset will appreciate in value over time. As housing costs rise, buyers seek long-term value and gains in their property purchases.

Educating them on where that value comes from will be key.

Expert Panel

We are eagerly anticipating 2025 and are looking to expand into more communities as we develop and grow across divisions.

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

Meeting housing demand and affordability is crucial for growth across the industry in 2025.

Furthermore, well-informed housing policies from all levels of government and public policy to keep the cost of building down will be key contributors to the industry.

WHAT CAN BUYERS EXPECT FROM AKASH IN 2025?

We are eagerly anticipating 2025 and are looking to expand into more communities as we develop and grow across divisions. We will continue to bring consistency and simplicity to every home we build and are looking to expand on that through 2025 as we enter new communities!

nexthome.ca 45

Expert Panel

At WestCreek we’ve always placed a strong emphasis on highlighting the natural build form of the community and enhancing them into beautiful amenities in all our communities.

Kalida Manarin MARKETING MANAGER, WESTCREEK DEVELOPMENTS

WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW ARE YOU FACING THEM? The challenge on everyone’s mind right now is affordability, due to rising costs. To help address this, WestCreek places a strong emphasis on offering a diverse range of single and multi-family homes in all our communities. This alleviates pressure on the market, in turn, supporting affordability.

WHAT NEW INNOVATIONS IN AMENITIES OR COMMUNITY DESIGN ARE YOU EXCITED TO TELL BUYERS IN YOUR NEW COMMUNITIES? At WestCreek we’ve always placed a strong emphasis on highlighting the natural build form of the community and enhancing them into beautiful amenities in all our communities.

This holds true for our two new communities, CreekView and Chaparral Meadows, both of which are launching in 2025. In CreekView, the community backs onto the beautiful Pine Creek Valley, tiering down to ground level with the creek.

This design provides walking paths and privacy for everyone in this quiet enclave of the city. Chaparral Meadows is nestled right alongside Fish Creek Park, Blue Devil Golf Course and the Bow River. We’re also excited to announce some new amenities coming down the pipeline in 2025, including a new park in Legacy featuring state of the art playground equipment, an amphitheatre, and a pump track.

WestCreek prides ourselves on the sustainability of recycled materials in parks and playgrounds, paired with themed parks to make destinations for people to go to in playgrounds rather than something just close by.

Last but not least, we’re excited to announce the completion of 210th Ave, connecting the community of Legacy and Wolf Willow providing direct access to Fish Creek Park.

46

Calgary Builder & Developer Annual 2025

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? Calgary is an amazing place to live, we have a fantastic economy with a wide variety of sectors. But most importantly, buying a new home is about your everyday lifestyle. With every new community coming on, it is bringing a variety of new parks, playgrounds, shopping, art, etc. to people’s lives. The confidence in building and buying this year is an investment in your future.

People today are committed to creating balance and making their home a sanctuary. More than anything, new communities offer exciting opportunities to help shape that life for years to come.

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

To keep the industry growing we need to continue to support Alberta’s growing employment sector, thereby, supporting strong economic conditions, making Calgary a great place to live! Development is such a positive thing for the City of Calgary, so making sure that people know what housing development does for employment, retail and public spaces that would not exist if not for new communities and housing.

WHAT IS WESTCREEK EXCITED FOR IN 2025? WHAT SHOULD READERS EXPECT IN YOUR DEVELOPMENT? We’re looking forward to a busy 2025!

We recently launched an exclusive area in Legacy, The Pointe Estates, which will feature premium estate homes on the widest lots in the community, up to 64-feet, all overlooking the 300-acre environmental reserve in 3 exclusive cul-de-sacs. If a home along the river is more your speed, we recently launched Phase 9 & 10 river facing lots in Wolf Willow backing onto Fish Creek Park. These exclusive lots are some of the only river-facing lots in a new community in Calgary.

Expert Panel

PS Sidhu

PRESIDENT AND COO, GENESIS BUILDERS GROUP WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW ARE YOU FACING THEM? One of the biggest challenges that is impacting availability and affordability of homes for 2025, is the lengthy and inconsistent municipal approval process. This is perhaps the single most significant process that can be addressed locally which will have the largest positive impact on affordability and deliver with confidence the muchneeded “missing middle” housing, like street towns. While Genesis and other Developers have worked hard to bring these products to market, differing interpretations of standard rules and some planners’ personal preferences slowdown progress and increase costs to the end consumer.

We’re addressing this through ongoing dialogue with city officials, educating on market realities, and advocating for streamlined approvals, especially for repetitive buildings in the same development. Despite record housing starts, these process inefficiencies remain a barrier, and we’re committed to collaborating with partners to drive meaningful change.

QUESTION FOR BUILDERS: WHAT ARE THE BIGGEST HOME DESIGN TRENDS YOU’RE EXCITED TO SEE IN 2025? QUESTION FOR DEVELOPERS: WHAT NEW INNOVATIONS IN AMENITIES OR COMMUNITY DESIGN ARE YOU EXCITED TO TELL BUYERS IN YOUR NEW COMMUNITIES? At Genesis, we’re excited about incorporating natural elements into both home and community design in 2025. In our homes, we focus on maximizing natural light, flexible and adaptable spaces like workstations, clean lines, and bold yet timeless design choices. In our communities, we embrace natural topography, as seen in Logan Landing, where park

spaces and future amenities showcase stunning views of the Bow Valley. In Airdrie, we’ve designed a canal system to create opportunities for connection through activities, while ensuring communities grow organically around these features.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? Buyers can feel confident about purchasing a new home this year thanks to a strong local economy and the expectation of declining interest rates. However, with limited supply of serviced lots and strong housing demand, early engagement in the sales process is essential to secure a home in their desired community. While more communities are coming online, waitlists remain significant, and delays in approvals and servicing capacity could lead to a housing shortage later in the year. Acting now ensures buyers have access to the opportunities available in this competitive market.

While more communities are coming online, waitlists remain significant, and delays in approvals and servicing capacity could lead to a housing shortage later in the year.

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

For the housing industry to grow in 2025, a timely and consistent approval process is essential.

Predictable timelines will empower builders and developers to bring more housing supply to market, addressing availability and naturally supporting affordability. Calgary’s land development and home building industry is highly creative and collaborative, working hard to increase supply of serviced lots and homes to meet our growing City and region. By streamlining development permits and reducing red tape, we can ensure stability, competitiveness, and continued growth in meeting housing needs.

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Expert Panel

The Alberta new home market is one of the strongest in Canada in 2024, and we anticipate moderate growth for the Calgary region new home industry in 2025.

Emily Smith DIRECTOR, MARKETING & CUSTOMER CARE, QUALICO COMMUNITIES WHAT’S THE CHALLENGE FOR 2025 NEW HOME INDUSTRY? HOW ARE YOU FACING THEM? As with 2024, between increasing home prices and higher interest rates, affordability is an issue for some buyers. We saw a very large increase in net migration to Alberta, and Calgary in particular. However, most of these have come from international migration, and we anticipate this to soften in 2025. Additionally, new Canadians need a 20 per cent down payment due to lack of credit history in Canada. I would anticipate an increase in these buyers, and the need for flexibility in down payment and financing programs to help get these buyers into a new home.

The Alberta new home market is one of the strongest in Canada in 2024, and we anticipate moderate growth for the Calgary region new home industry in 2025.

WHAT NEW INNOVATIONS IN AMENITIES OR COMMUNITY DESIGN ARE YOU EXCITED TO TELL BUYERS ABOUT IN YOUR NEW COMMUNITIES? The development industry tries to create thoughtful design into all of our amenities. We look forward to the new Eco Park in Dawson’s Landing Chestermere, expanding the Adventure Park in Harmony in Rocky View County, and we are exploring with the Town of Cochrane an innovative and exceptional regional and water recreation hub, in combination with stormwater in later stages of Southbow Landing, the newest community we opened in September 2024.

WHAT WILL GIVE BUYERS CONFIDENCE ABOUT BUYING A NEW HOME THIS YEAR? More new communities which means more home inventory. Additionally lower interest rates and slower price growth should give buyers a leg up in their home search.

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Calgary Builder & Developer Annual 2025

WHAT NEEDS TO HAPPEN FOR THE INDUSTRY TO KEEP GROWING IN 2025?

Continued collaboration and approvals from the various municipalities with a focus on growth will be helpful to ensure our industry can deliver homes that fit buyers budgets and needs.

WHAT CAN BUYERS EXPECT FROM QUALICO COMMUNITIES CALGARY NEXT YEAR? We will be launching three new communities in 2025: • We will start promotion of Ambleridge, the sister community to our popular Ambleton community in NW Calgary. We anticipate the Grand Opening of this community to happen in Spring 2026.

• Bridgeport in Chestermere is now starting to sell with a couple of builders, and we anticipate the Grand Opening of the community to happen in late Summer 2025 • Vantage Rise in Airdrie will also start promotion and presales before the end of 2025, with the Grand Opening of the community to happen in Spring 2026 • We will have new semi-estate showhomes in Dawson’s Landing, Chestermere, which will feature the first lots backing on to the amazing new Eco Park.

• We will have new showhomes opening in the very popular community of Vermilion Hill in SW Calgary in late Spring 2025 • Harmony in Rocky View County, which we are partnered on with Bordeaux Developments will also have three grand openings in 2025, including our new smaller starter product, move up front garage product, semi-estate front garage product, and estate homes.

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newhomeandcondoexpo.ca

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EXPLORE BUILDER & DEVELOPER-DIRECT INCENTIVES AT THIS TWO-DAY EVENT We bring together engaged homebuyers and trusted home builders and developers in a single, interactive environment.

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