Latest news with #CantiroHomes
Global News
16-07-2025
- Business
- Global News
Edmonton group pushes growth, claims suburbs generate more taxes than costs
Amid an ongoing narrative that Edmonton needs more infill and to build up — not out — a group of businesses argues dense suburbs filled with all styles of homes don't cost the city money. On Tuesday, BILD Edmonton Metro and industry leaders released their Urban Growth Case Study, which they said is a data-driven look at how urban expansion is impacting Edmonton's economy, infrastructure, and communities. 'There's been a rhetoric that growth costs too much money and we can't afford to grow,' said Katrina Rowe, the president of homebuilder Cantiro Homes and BILD Edmonton Metro Board Chair. 'Some of our current council believes we can't afford to grow.' BILD is a non-profit development and construction advocate, calling itself 'the voice and expert resource for the real estate development industry in the Edmonton metro region.' Story continues below advertisement The report examined two of Edmonton's fastest-growing regions — Heritage Valley and Windermere, both in the city's southwest — to assess how growth is being funded, the infrastructure being delivered, and what it means for the city's long-term fiscal health. 1:54 Mixed reaction to Edmonton city council zoning bylaw changes Both areas have been under development for about three decades and are filled with tens of thousands of single family homes, townhouses, duplexes, apartment and condo buildings and in Windermere's case, a handful of tall residential towers. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy BILD argues new developments such as those two have great value and generate more tax revenue than maintenance costs. View image in full screen Single family homes and high-density complexes exist side-by-side in the southwest Edmonton communities of Ambleside and Windermere. May 3, 2018. Vinesh Pratap, Global News BILD said the billions of dollars spent by developers in the two suburb communities is expected to produce a few hundred million dollars in tax revenue for the city. Story continues below advertisement According to the study, to fully build out both areas of the southwest comes with a price tag of over $3.2 billion in private sector investment to build not just homes, but the surrounding infrastructure like roads, stormwater systems, drainage and landscaping. Both developments south of Anthony Henday Drive and west of the QEII are expected to be home to more than 171,000 residents once finished. 'We need to be planning for future growth,' Rowe said. 'All of our future growth can't be housed in infill. We believes there is a place for infill and growth in mature communities, and there also needs to be growth in new communities.' Tweet This Click to share quote on Twitter: "All of our future growth can't be housed in infill. We believes there is a place for infill and growth in mature communities, and there also needs to be growth in new communities." At full buildout all the way south to 41 Avenue S.W., the study found the two areas will generate approximately $309 million in property taxes for the city annually (not including the education tax portion.) Once finished and turned over to the city, the study claims it will cost $14 million and $9.7 million to maintain the area's roads and parks, respectively. Story continues below advertisement 'Our study shows that we are profitable and new communities aren't costing the city money,' Rowe said. The study said within Heritage Valley and Windermere, the City of Edmonton collects 77 per cent of its tax revenue from residential development, 17 per cent from commercial or industrial, properties, and six per cent from multi-residential buildings like apartments. After the education portion transfers to the Province of Alberta, the City of Edmonton currently collects over $163 million dollars annually from Heritage Valley and Windermere, BILD said. Sandeep Agrawal is an urban planning expert and argues not everyone wants to live in the city's core. But is the City of Edmonton buying it? Morgan Black explores that in the video above.
Edmonton Journal
28-04-2025
- Business
- Edmonton Journal
Cantiro sees bright future ahead with expansion plans
Article content That future sees the Edmonton-based company introducing new communities, new home models, expanding its presence in Alberta and playing a larger role in home building in greater Edmonton. Last year, Cantiro, which previously expanded into British Columbia and Ontario, entered the greater Calgary market with developments in northwest Calgary at Arbour Lake West, and with Cantiro Homes building in Cochrane's new West Hawk, a master planned hillside community. In addition, Cantiro acquired Morrison Homes Edmonton — now part of its Cantiro Homes banner — enabling it to expand into the communities of Elan in Beaumont, Glenridding Ravine in southwest Edmonton and Riverside in St. Albert. 'We had an amazing year with what we accomplished,' said Gary Hoeft, general manager, Cantiro Homes Edmonton. 'I don't know too many home buildings companies that can build, stage and open 20 show homes (18 show homes and two sales centres) in one calendar year, and we released our Metro series townhomes. We also launched our rear lane series — we never really did a lot of that before — and acquired Morrison Homes Edmonton. I'm super proud of our team for stepping up and meeting those challenges.'
