Despite oil gloom, Calgary’s doing fine

From PMA Brethour’s July 2015 newsletter

AUniversity CityMID DOOM and gloom in the oil industry, and despite existing home sales in Calgary having dipped last quarter, University City Condos continues to draw investors and end users.

The master-planned community, with four condo towers and 20 townhomes, marks an inaugural joint venture for Metropia Urban Landscapes and Knightsbridge Homes. Comprising 727 suites, University City is slated to welcome its final occupants at the end of 2015, according to PMA’s Calgary-based vice-president Lisa Mundell.

University City marks the first transit-orientated development project for the City of Calgary, she points out. “The concept is to have substantially less parking, with transportation readily accessible to residents with the C-train and city bus hub right outside your door.”

The project is just a few minutes’ walk to the University of Calgary, a 10-minute commute to downtown core via the C-train, and a 15-minute commute to the largest hospital and research facility in the city. “That gives you every reason to live here,” Lisa says.

The incredible success of University City will be followed by Metropia and Knightsbridge’s next innovative project, N3, in Calgary’s East Village, coming this fall.

Lisa Mundell

Contact Lisa at