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Originally Posted by Winsor_Pilates
Completely agree.
There are other factors then just availible land when it comes to sprawl. People will want to live closer to the core and be willing to go into smaller condos to do so. It may take time, but eventually Calgary will develope a vibrant core that people want to be in because of the lifestyle.
That's why I think condos in good locations and small houses in close to core areas are the best bet for Calgary investors. Everything else will be a dime a dozen and boring.
If comparing to Vancouver, I'd be trying to find the Coal Harbour, Yaletown, Gastown and Kits of Calgary. Small trendy areas that young professionals are willing to blow their wallets out on because of the lifestyle.
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To me the next spot that would be a kits/yaletown cross may be the sunnyside/kensington area.
The city has been doing some good work around planning to rezone around the sunnyside lrt station. There's a few NIMBY's they will need to work through but in the next 5 years I look for that area to get better. In terms of infills, the east side of Sunnyside will be the best part of the city. There are about 5 blocks that will be left out of that TOD. It will be the only spot in the city and one of the only areas on the continent where 2 units per 50ft lot will be encouraged, and you still only have a 10 walk to the middle of the core.
As for other areas, along 4th St SW, once they clean up that eyesore on about 20th, and those new projects such as Lumere pop up I think there is some potential there. And lastly, the Eau Claire area is looking good. Waterfront seems well planned and is extremely popular, I heard the W hotel is looking at the current eau claire site, and regardless about a dozen buildings will pop up in the next 5 years along the river there.