Western Canadian developer Anthem Properties brought some good news to Calgary’s labour market Thursday.
The developer of the Waterfront condo project in the Eau Claire neighbourhood said it’s moving ahead with the next phase of development that will create more than 250 direct construction jobs.
Four buildings totalling 624 units — all sold — were completed in the project’s first phase. The next stage, called Parkside, will eventually consist of six buildings comprising 361 units, of which 85 per cent are sold.
The entire project is expected to be completed by spring 2018.
There is a bit of a softening (in the housing market) but it’s really not as bad as one might think given that huge drop in such an important industry (energy) to this province.