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Business in Calgary

Years ago I rode France’s excellent fast train, the TGV, from Lyon to Paris. It was an amazing ride – fast, smooth, comfortable and competitively priced. This is a train that actually does 300 kilometres per hour. What is remarkable is that when you go into a curve, you can still walk down the aisle of the train without feeling like you are being thrown against the side. I think this has something to do with the suspension system and track design. It would be my fervent wish that we could duplicate something like that in Alberta. If we did, I would even take a trip to Edmonton just for the ride.

Years ago I rode France’s excellent fast train, the TGV,
from Lyon to Paris. It was an amazing ride – fast,
smooth, comfortable and competitively priced. This
is a train that actually does 300 kilometres per hour. What
is remarkable is that when you go into a curve, you can still
walk down the aisle of the train without feeling like you are
being thrown against the side. I think this has something to
do with the suspension system and track design.
It would be my fervent wish that we could duplicate
something like that in Alberta. If we did, I would even take
a trip to Edmonton just for the ride.

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March 2014 $3.50<br />

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The Hectic<br />

but Gung-ho Life of a<br />

Dynamic <strong>Calgary</strong><br />

Entrepreneur<br />

NEWS<br />

Spr<strong>in</strong>g 2014 • Page 79<br />

+SOLID:<br />

+ +<strong>Calgary</strong>’s Commercial<br />

Real Estate Market<br />

2014<br />

+CAL<br />

CALGARY<br />

INTERNATIONAL<br />

AUTO AND TRUCK SHOW<br />

Section<br />

page 101<br />

<strong>Calgary</strong> Chamber


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Contents<br />

volume 24 • number 3<br />

PUBLISHERS<br />

Pat Ottmann & Tim Ottmann<br />

EDITOR<br />

John Hardy<br />

COPY EDITORS<br />

Lisa Johnston & Nikki Mullett<br />

ART DIRECTOR<br />

Cher Compton<br />

cher@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

On our cover…<br />

Barry Ehlert, owner and manag<strong>in</strong>g partner of golf courses <strong>in</strong><br />

<strong>Calgary</strong>, Edmonton, and Montana.<br />

CONTRIBUTING DESIGNER<br />

Jessi Evetts<br />

ADMINISTRATION<br />

Nancy Bielecki<br />

nancy@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

Kim Hogan<br />

kim@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

Melissa Arthur<br />

<strong>in</strong>fo@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

March 2014 $3.50<br />

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REGULAR CONTRIBUTORS<br />

Richard Bronste<strong>in</strong><br />

Frank Atk<strong>in</strong>s<br />

David Parker<br />

Lonnie Tate<br />

Mary Savage<br />

THIS ISSUE’S CONTRIBUTORS<br />

Heather Ramsay<br />

Stewart McDonough<br />

Andrea Mendizabal<br />

Parker Grant<br />

Nerissa McNaughton<br />

PHOTOGRAPHY<br />

Cover photo courtesy of<br />

Ewan Nicholson Photography Inc.<br />

ADVERTISING SALES<br />

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The Hectic<br />

but Gung-ho Life of a<br />

Dynamic <strong>Calgary</strong><br />

Entrepreneur<br />

NEWS<br />

79<br />

COVER<br />

Spr<strong>in</strong>g 2014 • Page 79<br />

+ 2014<br />

+SOLID:<br />

+<strong>Calgary</strong>’s Commercial<br />

Real Estate Market<br />

+CAL<br />

2014<br />

CALGARY<br />

74<br />

INTERNATIONAL<br />

AUTO AND TRUCK SHOW<br />

Section<br />

page 101<br />

<strong>Calgary</strong> Chamber<br />

44<br />

57<br />

101<br />

44 • the Hectic but Gung-ho Life of a Dynamic <strong>Calgary</strong> Entrepreneur<br />

Golf courses are an asset-based bus<strong>in</strong>ess, and they’re not mak<strong>in</strong>g any more land<br />

By John Hardy<br />

F<strong>in</strong>d us onl<strong>in</strong>e!<br />

Return undeliverable Canadian<br />

addresses to circulation dept.<br />

1025 101 6th Ave. SW<br />

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6 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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Contents<br />

volume 24 • number 3<br />

THIS MONTH’S FEATURES<br />

57<br />

53 • alberta: Upgraded<br />

Everyth<strong>in</strong>g you wanted to know about the North West<br />

Redwater Partnership’s ref<strong>in</strong>ery <strong>in</strong> Sturgeon County<br />

By Nerissa McNaughton<br />

57 • sOLiD: <strong>Calgary</strong>’s Commercial real Estate<br />

Market<br />

<strong>Calgary</strong> is well on its way to earn<strong>in</strong>g the rank<strong>in</strong>g of an<br />

<strong>in</strong>ternational market<br />

By Parker Grant<br />

62 • Condom<strong>in</strong>iums are on the rise<br />

Real estate <strong>in</strong> our city cont<strong>in</strong>ues to be robust and tighten<strong>in</strong>g<br />

<strong>in</strong>ventory <strong>in</strong> the s<strong>in</strong>gle-family resale market is good<br />

news for condom<strong>in</strong>ium owners and developers<br />

By Heather Ramsay<br />

62<br />

66 • renos as a solid <strong>in</strong>vestment<br />

From dazzl<strong>in</strong>g kitchens and hardwood to energy-efficient<br />

plumb<strong>in</strong>g and light<strong>in</strong>g, renos have a solid ROI<br />

By John Hardy<br />

74 • 2014 <strong>Calgary</strong> <strong>in</strong>ternational auto and<br />

Truck Show<br />

BOMA<br />

79 • spr<strong>in</strong>g 2014<br />

COMPANY PROFILES<br />

REGULAR COLUMNS<br />

10 • tra<strong>in</strong> à Grande Vitesse<br />

By Richard Bronste<strong>in</strong><br />

12 • How Ma<strong>in</strong>stream Became Extreme<br />

By Frank Atk<strong>in</strong>s<br />

14 • Look<strong>in</strong>g Back on (and Forward to) retirement<br />

By Lonnie Tate<br />

101 • Lead<strong>in</strong>g <strong>Bus<strong>in</strong>ess</strong><br />

105 • the <strong>Calgary</strong> report<br />

Current developments for <strong>Calgary</strong> Telus Convention Centre,<br />

Tourism <strong>Calgary</strong>, <strong>Calgary</strong> Economic Development, and<br />

Innovate <strong>Calgary</strong><br />

110 • Market<strong>in</strong>g Matters<br />

By David Parker<br />

89 • P<strong>in</strong>nacle Group<br />

Draw<strong>in</strong>g on three decades of experience<br />

93 • sunik roof<strong>in</strong>g Cont<strong>in</strong>ues Legacy of<br />

Leadership at 25 th Anniversary<br />

97 • kahane Law<br />

Not Your Average Law Firm…<br />

74<br />

8 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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tra<strong>in</strong> à grande vitesse • Richard Bronste<strong>in</strong><br />

By RICHARD BRONSTEIN<br />

tra<strong>in</strong> à Grande<br />

Vitesse<br />

Years ago I rode France’s excellent fast tra<strong>in</strong>, the TGV,<br />

from Lyon to Paris. It was an amaz<strong>in</strong>g ride – fast,<br />

smooth, comfortable and competitively priced. This<br />

is a tra<strong>in</strong> that actually does 300 kilometres per hour. What<br />

is remarkable is that when you go <strong>in</strong>to a curve, you can still<br />

walk down the aisle of the tra<strong>in</strong> without feel<strong>in</strong>g like you are<br />

be<strong>in</strong>g thrown aga<strong>in</strong>st the side. I th<strong>in</strong>k this has someth<strong>in</strong>g to<br />

do with the suspension system and track design.<br />

It would be my fervent wish that we could duplicate<br />

someth<strong>in</strong>g like that <strong>in</strong> Alberta. If we did, I would even take<br />

a trip to Edmonton just for the ride.<br />

But…the current discussion we are hav<strong>in</strong>g about the costs<br />

and benefits of a fast tra<strong>in</strong> <strong>in</strong> Alberta seem more about<br />

smoke and mirrors than hard-headed analysis.<br />

The TGV is very successful and profitable <strong>in</strong> France<br />

because it serves a population of 60 million people <strong>in</strong> a<br />

country that is 100,000 square kilometres smaller than<br />

Alberta, with a population of four million. There are about<br />

12 cities <strong>in</strong> France with a population between 500,000 and<br />

200,000 <strong>in</strong> addition to Paris (three million) and Marseille<br />

(one million). There are another 20 cities with populations<br />

between 100,000 and 200,000.<br />

Bless the Van Horne Institute at the University of <strong>Calgary</strong><br />

for do<strong>in</strong>g its part to keep hammer<strong>in</strong>g for an Alberta bullet<br />

tra<strong>in</strong>. I th<strong>in</strong>k the <strong>in</strong>stitute should be commended for try<strong>in</strong>g<br />

to make us th<strong>in</strong>k big and there may be merit <strong>in</strong> its argument<br />

that a high-speed tra<strong>in</strong> l<strong>in</strong>k between Edmonton and <strong>Calgary</strong><br />

would open new and creative development synergies <strong>in</strong> the<br />

prov<strong>in</strong>ce.<br />

Unfortunately, given our lack of critical mass, such a project<br />

could also be a huge tra<strong>in</strong> wreck. I don’t know. Let one<br />

thousand consultants rule, as Chairman Mao might have<br />

said if he were a capitalist.<br />

The real th<strong>in</strong>g that is wrong about this discussion is that it<br />

is too closed. We should not be talk<strong>in</strong>g about whether Alberta<br />

needs a bullet tra<strong>in</strong> or not. What we should be ask<strong>in</strong>g is for<br />

public <strong>in</strong>put to develop an Alberta transportation plan for<br />

the future. The bullet tra<strong>in</strong> guys can come and talk. The city<br />

mayors can pitch the need for urban transit. The municipality<br />

of Crowsnest Pass can argue to relocate Highway 3. Cyclists<br />

can talk about bike paths. Ranchers can vent about hikers<br />

not clos<strong>in</strong>g fences. And we still haven’t f<strong>in</strong>ished with Highway<br />

63 yet.<br />

Instead we get a government committee respond<strong>in</strong>g to a<br />

particular <strong>in</strong>terest group that wants to refloat the fast tra<strong>in</strong><br />

balloon.<br />

This really shows the lack of wit and leadership <strong>in</strong> the<br />

Alberta government.<br />

There is absolutely no po<strong>in</strong>t <strong>in</strong> consider<strong>in</strong>g rapid rail as<br />

a s<strong>in</strong>gle item <strong>in</strong> Alberta’s transportation mix. This is dull<br />

th<strong>in</strong>k<strong>in</strong>g.<br />

What the Alberta government should have done when it<br />

came under pressure to revive the idea of a bullet tra<strong>in</strong> is<br />

to say, “OK. Let’s talk about the tra<strong>in</strong> and everyth<strong>in</strong>g else at<br />

the same time.”<br />

By hav<strong>in</strong>g a broad public hear<strong>in</strong>g process about future<br />

transportation needs <strong>in</strong> general, it would have given the fast<br />

tra<strong>in</strong> people a fair opportunity to make their case. It also<br />

would have given others the opportunity to make their case.<br />

At the end of the day the government would not have to<br />

make a commitment to anyth<strong>in</strong>g. It can say, “There are some<br />

wonderful ideas here but sorry, we don’t have the money for<br />

any of this now.”<br />

That might disappo<strong>in</strong>t some people, but at least the government<br />

would have a better basel<strong>in</strong>e of knowledge about<br />

Alberta’s future transportation needs.<br />

What are the estimated vehicular volumes on the QE2 <strong>in</strong><br />

five, 10 and 20 years from now? What is the impact of technological<br />

change such as the driverless car? What is a fair<br />

way to f<strong>in</strong>ance urban transit needs? The list goes on and on.<br />

To hold government hear<strong>in</strong>gs only on the bullet tra<strong>in</strong>,<br />

without consider<strong>in</strong>g the whole field of transportation needs,<br />

is rather shabby.<br />

If Richard Branson happens to go to an Oilers game and<br />

bumps <strong>in</strong>to an Alberta cab<strong>in</strong>et m<strong>in</strong>ister, are we go<strong>in</strong>g to<br />

have government hear<strong>in</strong>gs about build<strong>in</strong>g a spaceport <strong>in</strong><br />

Red Deer?<br />

That’s what this bullet tra<strong>in</strong> hear<strong>in</strong>g is like. Completely<br />

irrelevant to the lives of most Albertans.<br />

C’mon government. Surely you can do better than this? BiC<br />

10 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


WOOD<br />

AUTOMOTIVE<br />

WOOD<br />

AUTOMOTIVE<br />

Wood Automotive Group:<br />

All Makes Collision Centre<br />

When accidents happen, Woodridge All Makes Collision Centre is the team you want work<strong>in</strong>g with you<br />

No one ever wants to be <strong>in</strong>volved <strong>in</strong><br />

an automotive accident, but unfortunately<br />

they do happen. Especially on<br />

snowy and icy roads <strong>in</strong> and around <strong>Calgary</strong>.<br />

Unexpected and un<strong>in</strong>tentional vehicle<br />

<strong>in</strong>cidents are a reality for drivers and the<br />

team at Woodridge All Makes Collision<br />

Centre has seen the damage, and are thankfully able to<br />

make the repairs.<br />

For over 30 years, the Wood Automotive Group has been<br />

provid<strong>in</strong>g quality products and services to Calgarians. Part<br />

of that service <strong>in</strong>cludes auto body repairs for all makes<br />

and models of vehicles, completed at their location just<br />

off of Barlow Trail and 46 th Street SE. “This state-of-theart<br />

facility enables us to deliver even more services to our<br />

customers. Our passions are people and vehicles, and sometimes<br />

those vehicles need repairs. We have the team, talent<br />

and logistical aptitude that helps make that process smooth<br />

and convenient for every customer we see,” expla<strong>in</strong>s Gerry<br />

Wood, president of Wood Automotive Group.<br />

The Collision Centre offers some of the most advanced<br />

technologies, techniques and experienced trades <strong>in</strong> the<br />

<strong>in</strong>dustry. It is the responsibility of the technicians and the<br />

shop to provide quality repairs, and to br<strong>in</strong>g the vehicle<br />

back to same condition as prior to the collision. This is no<br />

small feat when a vehicle has experienced vary<strong>in</strong>g degrees<br />

of impact and decimation.<br />

As changes <strong>in</strong> the <strong>in</strong>dustry cont<strong>in</strong>ue and new processes<br />

and standards are <strong>in</strong>troduced, the Woodridge Collision<br />

Centre prides itself on be<strong>in</strong>g ahead of the curve. Their<br />

dedication to customer compassion, f<strong>in</strong>ite detail and environmental<br />

stewardship, sets them apart from the rest. The<br />

28,000-square-foot shop features numerous computers and<br />

diagnostic tools, lead<strong>in</strong>g-edge equipment, on-site pa<strong>in</strong>t<br />

Cailean Wood, manager at All Makes Collision Centre, and Gerry Wood, president of Wood Automotive Group.<br />

“Don’t f<strong>in</strong>d fault, f<strong>in</strong>d a remedy.” ~ Henry Ford<br />

calibration centre with advanced colour match<strong>in</strong>g, and a<br />

great team. In fact the team <strong>in</strong>cludes dedicated estimators,<br />

adm<strong>in</strong>istrative staff, body technicians, preppers, pa<strong>in</strong>ters,<br />

detailers and porters.<br />

Safety and environmental consciousness are always top<br />

priority and that’s why all staff are adequately tra<strong>in</strong>ed,<br />

water-based pa<strong>in</strong>ts have replaced toxic solvents, and proper<br />

ventilation and breath<strong>in</strong>g apparatus are standard <strong>in</strong> the<br />

shop. Furthermore, the Wood Group is always reassur<strong>in</strong>g<br />

employee development and tra<strong>in</strong><strong>in</strong>g. Licensed body technicians<br />

and pa<strong>in</strong>ters are encouraged to mentor apprentices,<br />

and some, due to the RAP (registered apprenticeship program),<br />

can start as early as high school, giv<strong>in</strong>g the students<br />

an opportunity to understudy <strong>in</strong> the auto body <strong>in</strong>dustry.<br />

“Auto body repairs and pa<strong>in</strong>t<strong>in</strong>g are an art all unto<br />

themselves. The tra<strong>in</strong><strong>in</strong>g, hands-on experience and problem-solv<strong>in</strong>g<br />

approach of our entire team is what makes the<br />

customer experience someth<strong>in</strong>g positive after an oftentimes<br />

catastrophic event. We always aim to put ourselves <strong>in</strong> our<br />

customer’s position and offer empathy for their situation.<br />

Our dedication is to help customers through every step<br />

of the process, from deal<strong>in</strong>g with the tow<strong>in</strong>g, <strong>in</strong>surance<br />

agency, rental car company and beyond. We’re here and<br />

we’ll do everyth<strong>in</strong>g we can to complete a quality repair <strong>in</strong> a<br />

timely fashion, to put your vehicle back on the road as soon<br />

as we can,” says Cailean Wood, collision centre manager<br />

with All Makes Collision Centre.<br />

For more <strong>in</strong>formation, please visit www.woodauto.ca<br />

and www.allmakescollision.ca, or call 403.536.0518<br />

WOOD<br />

AUTOMOTIVE<br />

WOOD


How Ma<strong>in</strong>stream Became Extreme • Frank Atk<strong>in</strong>s<br />

By Frank atk<strong>in</strong>s<br />

How Ma<strong>in</strong>stream<br />

Became Extreme<br />

I<br />

consider myself to be a moderate<br />

conservative economist. I advocate<br />

market solutions where viable, I<br />

do not like chronic deficits and debt<br />

and I believe that smaller government<br />

allows the private sector to flourish.<br />

Ten years ago these were considered to<br />

be ma<strong>in</strong>stream ideas. I do not have any<br />

solid evidence of this, but I am will<strong>in</strong>g<br />

to bet that if someone had polled<br />

the economics profession 10 years ago<br />

and asked, what do you th<strong>in</strong>k of this<br />

Keynesian idea that without government<br />

<strong>in</strong>tervention the economy will<br />

collapse <strong>in</strong>to chaos, the overwhelm<strong>in</strong>g<br />

majority of economists would<br />

have said that this is an outdated idea.<br />

Then came the downturn <strong>in</strong> 2008,<br />

which appears to have revived the<br />

Keynesians, who now call themselves<br />

progressives.<br />

The <strong>in</strong>terest<strong>in</strong>g feature of the 2008<br />

downturn <strong>in</strong> Canada is that it was not<br />

as bad as the downturns of the early<br />

1980s or the early 1990s. If you are<br />

<strong>in</strong>terested <strong>in</strong> this, you should read Statistics<br />

Canada’s publication, How did<br />

the 2008-2010 recession and recovery<br />

compare with previous cycles? by<br />

Philip Cross, published <strong>in</strong> January 2011.<br />

The new progressives do not want to<br />

read articles such as this, as it takes<br />

away their belief that big government<br />

is the only counter to the economic<br />

chaos created by the 2008 downturn.<br />

It gets worse. These new progressives<br />

then tell us that they are open to hear<strong>in</strong>g<br />

all op<strong>in</strong>ions, but then they are<br />

shocked to learn that some people may<br />

disagree with them. Their answer to<br />

this is to dismiss their critics as sadly<br />

mis<strong>in</strong>formed <strong>in</strong>dividuals who cannot<br />

see the truth. This is much the same<br />

tactic that is used by the man-made<br />

global warm<strong>in</strong>g catastrophe crowd.<br />

Here <strong>in</strong> Alberta we have (at least)<br />

two perfect examples of this new<br />

breed of progressives. First we have<br />

our m<strong>in</strong>ister of f<strong>in</strong>ance, Doug Horner,<br />

who believes <strong>in</strong> deficit spend<strong>in</strong>g and<br />

accumulation of debt. Mr. Horner<br />

appears to believe that the whole budget<strong>in</strong>g<br />

process is just a bit too difficult<br />

for us to understand, as we (the taxpayers<br />

of Alberta) do not seem to be<br />

able to grasp that debt is not really<br />

debt <strong>in</strong> the traditional sense, as we are<br />

issu<strong>in</strong>g debt to pay for <strong>in</strong>frastructure.<br />

Apparently, if we ever get <strong>in</strong>to serious<br />

f<strong>in</strong>ancial difficulty we could always<br />

sell a road or two. Further, Mr. Horner<br />

has made the whole budget<strong>in</strong>g process<br />

so convoluted that it is difficult to tell<br />

the actual size of the deficit that the<br />

government is runn<strong>in</strong>g. He dismisses<br />

his critics without ever really giv<strong>in</strong>g<br />

any <strong>in</strong>dication that he understands<br />

that there may be problems associated<br />

with this type of fiscal policy. The idea<br />

of responsible fiscal policy advocated<br />

by the Wildrose, the Canadian Taxpayers<br />

Federation and the Canadian<br />

Federation of Independent <strong>Bus<strong>in</strong>ess</strong> is<br />

now considered to be extreme.<br />

Second, we have Mayor Nenshi who<br />

has a long wish list of government<br />

projects, and an apparent unlimited<br />

desire to raise taxes to pay for these<br />

projects. Mr. Nenshi is perpetually<br />

explor<strong>in</strong>g what he calls new ideas for<br />

rais<strong>in</strong>g revenue. Apparently, if city<br />

hall f<strong>in</strong>ds a new method of rais<strong>in</strong>g<br />

money, they will no longer have to<br />

raise property taxes every year. Mr.<br />

Nenshi calls this tax reform, and<br />

implies that somehow this is not the<br />

same as rais<strong>in</strong>g taxes. In response to<br />

criticism of this, Mr. Nenshi responded,<br />

“As politicians, we have to ignore<br />

those fr<strong>in</strong>ge elements and focus on<br />

what’s right for the community.” Mr.<br />

Nenshi does not enterta<strong>in</strong> the notion<br />

that higher taxes may not be right for<br />

the community. Apparently, those of<br />

us who advocate low taxes and less<br />

government are now fr<strong>in</strong>ge elements<br />

and espouse extreme views. BiC<br />

Frank atk<strong>in</strong>s is an associatE proFEssor<br />

oF EconoMics at tHE UnivErsity oF<br />

calgary, a sEnior FEllow at tHE<br />

FrontiEr cEntrE For pUBlic policy<br />

and a MEMBEr oF tHE advisory Board<br />

oF tHE <strong>in</strong>stitUtE For pUBlic sEctor<br />

accoUntaBility.<br />

12 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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entrepreneur today. Learn more at<br />

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© 2014 Ernst & Young LLP. All Rights Reserved.<br />

EY is a proud supporter of entrepreneurship


look<strong>in</strong>g Back on (and Forward to) retirement • Lonnie Tate<br />

By LONNIE TATE<br />

Look<strong>in</strong>g Back on<br />

(and Forward to)<br />

retirement<br />

Forty-two columns ago, the publisher of BIC and I<br />

agreed that I would write a column to focus on issues<br />

from an old guy’s perspective. Somewhere back there<br />

is a column on retirement. This is another one. I am <strong>in</strong> my<br />

15 th year of retirement ... so I th<strong>in</strong>k I qualify as someth<strong>in</strong>g<br />

of an expert.<br />

I have learned that retirement is personal and entirely<br />

unique to the <strong>in</strong>dividual. I know you should retire at the<br />

first opportunity. In say<strong>in</strong>g this, I assume you have some<br />

capacity to survive without employment <strong>in</strong>come.<br />

I know the question: “How much is enough?” has little<br />

relevance. I also know if you last as long as me, there will be<br />

little similarity between what you used to be (and did) and<br />

what you are today. If you have more than two clues, you<br />

will grow (or shr<strong>in</strong>k) <strong>in</strong>to a stable f<strong>in</strong>ancial state where your<br />

lifestyle fits your means.<br />

So if you know you are go<strong>in</strong>g to be different, why not<br />

start now? And if not right now, then develop a plan that<br />

will get you there <strong>in</strong> a short period of time. You can do stuff<br />

today that will start you on the trail to retirement without<br />

disrupt<strong>in</strong>g your work<strong>in</strong>g life.<br />

I was lucky ... I loved work. And when I had enough, I was<br />

ready to branch out and do different th<strong>in</strong>gs. And now, I like<br />

the th<strong>in</strong>gs I do even better than the fun time at work.<br />

There will be lots to do. The successfully retired people<br />

I know do not have enough hours <strong>in</strong> the day to do everyth<strong>in</strong>g.<br />

Among other th<strong>in</strong>gs, you will learn to do th<strong>in</strong>gs on<br />

your own. I remember one of the first <strong>in</strong>conveniences after<br />

quitt<strong>in</strong>g work was figur<strong>in</strong>g out how to get a copy made. The<br />

answer then was to go to the drugstore, stick a quarter <strong>in</strong> a<br />

mach<strong>in</strong>e and get a copy. Now you scan it <strong>in</strong> your (less than<br />

$200) multifunction pr<strong>in</strong>ter.<br />

You will not be missed at work! Honest!<br />

While you may th<strong>in</strong>k that your clients, customers, bus<strong>in</strong>ess<br />

associates or whatever hang on your every word ... they<br />

do not. Incredibly, they will f<strong>in</strong>d a way to get by without<br />

you. Yes ... they will even flourish. I will never forget go<strong>in</strong>g<br />

to see one of my former partners at Ernst & Young after<br />

retir<strong>in</strong>g. I gave the receptionist my (newly m<strong>in</strong>ted and prepared<br />

by me) CA card and she asked: “With what firm did<br />

you get your CA?” I had left just three months prior after 34<br />

years with the firm.<br />

If you have stayed with this column to this po<strong>in</strong>t, the<br />

majority of your life is likely beh<strong>in</strong>d you. Yes ... you are<br />

gett<strong>in</strong>g older. No one likes to dwell on it, but the amount of<br />

time we have on this planet is f<strong>in</strong>ite. My wife and I have a<br />

wide circle of friends as we live <strong>in</strong> two places. In the past<br />

year, we have lost eight. For the most part they went quickly<br />

and that is a bless<strong>in</strong>g. Remember – the only sure th<strong>in</strong>gs are<br />

death and taxes.<br />

F<strong>in</strong>ally, you will be one of the rare ones if your health<br />

rema<strong>in</strong>s consistent and you are completely robust until the<br />

end. All the th<strong>in</strong>gs you would like to do may not be doable<br />

a few years down the road. So you should get on the retired<br />

road sooner than later.<br />

In the first few years of my retirement, I cont<strong>in</strong>ued to burn<br />

the candle at both ends. I was on a board or two and worked<br />

at some charitable fundrais<strong>in</strong>g <strong>in</strong> addition to try<strong>in</strong>g to be<br />

retired. In a few words, I still was try<strong>in</strong>g to be accepted as a<br />

work<strong>in</strong>g person. It didn’t work and five years ago, I ended<br />

up at Foothills Hospital where some really good folks <strong>in</strong><br />

emergency and <strong>in</strong>tensive care kept me alive. Now, with the<br />

help of some pills, I work on one candle at one end and lead<br />

a normal (and somewhat less frenetic) life. I proved no one<br />

is <strong>in</strong>v<strong>in</strong>cible; it can happen to you.<br />

Hopefully this has got you th<strong>in</strong>k<strong>in</strong>g. Next month I’ll detail<br />

some of the steps for successful retirement and share some<br />

anecdotal experiences that can get you <strong>in</strong>to really good<br />

golden years. BiC<br />

14 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Computer-friendly<br />

Available exclusively at


Rush, Revamped<br />

Full speed ahead for evolved upscale restaurant<br />

The bra<strong>in</strong>s beh<strong>in</strong>d Rush know a th<strong>in</strong>g or two about pleas<strong>in</strong>g<br />

Calgarian palates. The restaurant is part of V<strong>in</strong>tage<br />

Group, an iconic collection of award-w<strong>in</strong>n<strong>in</strong>g eateries<br />

<strong>in</strong>clud<strong>in</strong>g V<strong>in</strong>tage Chophouse and Tavern, Redwater Rustic<br />

Grille, Bookers BBQ and Crab Shack, and Rise Bakery and Café.<br />

V<strong>in</strong>tage Group first opened Rush <strong>in</strong> 2008 as a true f<strong>in</strong>e d<strong>in</strong><strong>in</strong>g<br />

offer<strong>in</strong>g. Lance Hurtubise, the company’s president and<br />

CEO, travelled overseas to source out the best talent and<br />

trends <strong>in</strong> exquisite cuis<strong>in</strong>e, which he brought back to launch<br />

the restaurant.<br />

Rush opened to excellent reviews, but someth<strong>in</strong>g was<br />

miss<strong>in</strong>g. “Rush could have fit <strong>in</strong> at any <strong>in</strong>ternational d<strong>in</strong><strong>in</strong>g<br />

hot spot, such as New York or Paris,” expla<strong>in</strong>s Patrick Soul, vice<br />

president, premium brands at V<strong>in</strong>tage Group. “We were the<br />

def<strong>in</strong>ition of f<strong>in</strong>e d<strong>in</strong><strong>in</strong>g, but we lacked <strong>Calgary</strong> flavour.”<br />

Both born-and-raised Calgarians with ample experience<br />

<strong>in</strong> the d<strong>in</strong><strong>in</strong>g bus<strong>in</strong>ess, Hurtubise and Soul understand the<br />

recipe for a truly successful eatery <strong>in</strong> <strong>Calgary</strong> – the ability to<br />

evolve to the city’s tastes.<br />

After attempts to tweak small details at Rush over the years,<br />

V<strong>in</strong>tage Group began to conceptualize a larger-scale change<br />

for the restaurant. Rush planned a strategic evolution of its look<br />

and menu <strong>in</strong> the summer of 2013. But the unforeseen fallout of<br />

the flood caused delays for many non-emergency construction<br />

projects, <strong>in</strong>clud<strong>in</strong>g the work at Rush. The scheduled completion<br />

date of September 2013 moved to early 2014.<br />

Now, Rush is back and better than ever. “We’re describ<strong>in</strong>g<br />

the new Rush as bold, brash, evolved,” says Soul. “Bold describes<br />

our new decor and menu, and we’re brash <strong>in</strong> a good<br />

way – not afraid to stand out.”<br />

As for the “evolved” part, Rush’s new mission is to put the<br />

customer first with a down-to-earth, egoless downtown d<strong>in</strong><strong>in</strong>g<br />

experience. “We really want to give Calgarians what they<br />

want,” says Soul. “In research<strong>in</strong>g this project, I sat down with as<br />

many people as possible to f<strong>in</strong>d out their favourite food and<br />

d<strong>in</strong><strong>in</strong>g must-haves.”<br />

He learned one such necessity is accommodation for large<br />

d<strong>in</strong><strong>in</strong>g groups. Thus, the new Rush has an expanded, customizable<br />

private d<strong>in</strong><strong>in</strong>g area. The space can be set up boardroom-style<br />

for bus<strong>in</strong>ess presentations or configured banquetstyle<br />

for celebrations of up to 50 people.<br />

The restaurant’s new look is chic, yet cosy, and modern, yet<br />

timeless. Sooth<strong>in</strong>g neutral colours and sleek fixtures enhance<br />

the layout. “In l<strong>in</strong>e with our ‘customer-first’ philosophy, we redesigned<br />

the restaurant to provide the most attentive service<br />

and comfortable experience,” expla<strong>in</strong>s Soul. “We concentrated<br />

on mak<strong>in</strong>g the space functional before we made it look great.”<br />

The functional details add up to what Soul describes as “practical<br />

f<strong>in</strong>e d<strong>in</strong><strong>in</strong>g. ” Through research, Soul and his team learned that<br />

d<strong>in</strong>ers want excellent food, but they also want to feel authenticity<br />

and a sense of welcom<strong>in</strong>g at the restaurants they choose. “Just<br />

because you’re <strong>in</strong> a suit doesn’t mean you don’t want a burger<br />

and beer, and just because you’re <strong>in</strong> jeans and T-shirt doesn’t<br />

mean you don’t want a steak and red w<strong>in</strong>e,” says Soul.<br />

Authenticity is evident <strong>in</strong> the new menu items as well. As<br />

part of the rebrand, the moniker “Ocean Prime” now accompanies<br />

Rush’s name. “Ocean Prime speaks to our variety of<br />

land-to-sea menu items, but it’s also representative of the<br />

high quality of our food,” says Soul. “We source out the best<br />

possible <strong>in</strong>gredients – period – and we prepare everyth<strong>in</strong>g <strong>in</strong><br />

the most authentic way we know.”<br />

For example, Rush Ocean Prime makes red velvet cake the<br />

old-fashioned way – us<strong>in</strong>g beets for rich colour, flavour and<br />

texture. Even the dr<strong>in</strong>ks are made us<strong>in</strong>g traditional recipes,<br />

such as whiskey sours with real frothy egg whites.<br />

The menu is eclectic and <strong>in</strong>spired by conversations with<br />

Calgarians. “We have appies like half-<strong>in</strong>ch thick bacon, grilled<br />

and served with our signature barbecue sauce,” says Soul. “We<br />

also have house-made sushi rolls such as smoked beef tartare,<br />

braised short rib, lobster and yellowf<strong>in</strong> tuna.”<br />

In terms of entrées, the 32-ounce Canada Prime porterhouse<br />

is perhaps one of the most impressive dishes. “Canada<br />

Prime represents less than one per cent of graded beef; it’s<br />

the highest grade available <strong>in</strong> the country,” says Soul. “We also<br />

import our lamb from Colorado, which is arguably some of<br />

the best <strong>in</strong> the world.”<br />

With best-<strong>in</strong>-class cuis<strong>in</strong>e and an authentic d<strong>in</strong><strong>in</strong>g philosophy,<br />

Rush won’t be slow<strong>in</strong>g down any time soon. “Our goal<br />

with the evolution of Rush Ocean Prime is longevity,” concludes<br />

Soul. “We want to satisfy and surprise the tastebuds of<br />

Calgarians for years to come.”<br />

For more <strong>in</strong>formation, visit www.rushoceanprime.com.<br />

100, 207 9 Ave. SW. • 403-271-7874 • rushoceanprime.com


Rush Seafood Tower<br />

Ahi Tuna<br />

Prairie Heritage Tomahawk Chop<br />

Colorado Rack of Lamb<br />

Mon - Fri: 11:30am - CLOSE • Saturday: 5:00pm


off the top • News<br />

Trico Homes’ Wayne Chiu Donates $3 Million to<br />

Bow Valley College<br />

Wayne Chiu, founder and owner of <strong>Calgary</strong>-based Trico Homes. Photo credit Bow Valley College.<br />

On January 22, 2014, Bow Valley College received<br />

an unprecedented donation <strong>in</strong> the amount of $3 million<br />

from <strong>Calgary</strong> bus<strong>in</strong>essman and philanthropist<br />

Wayne Chiu. Founder and owner of <strong>Calgary</strong>-based<br />

Trico Homes, Chiu was a board member with Bow<br />

Valley College for six years until November of 2013<br />

and has long been a supporter of social enterprise<br />

and <strong>in</strong>novation.<br />

In honour of Chiu’s donation, Bow Valley College’s<br />

School of <strong>Bus<strong>in</strong>ess</strong> has been officially<br />

renamed the Chiu School of <strong>Bus<strong>in</strong>ess</strong>. Although the<br />

community college has been offer<strong>in</strong>g bus<strong>in</strong>ess programm<strong>in</strong>g<br />

for several years, the School of <strong>Bus<strong>in</strong>ess</strong><br />

officially opened <strong>in</strong> September of 2012 and offers<br />

non-credit cont<strong>in</strong>u<strong>in</strong>g education as well as one-year<br />

certificates and two-year diplomas <strong>in</strong> fields rang<strong>in</strong>g<br />

from bus<strong>in</strong>ess adm<strong>in</strong>istration to <strong>in</strong>terior design.<br />

“I really believe <strong>in</strong> lifelong learn<strong>in</strong>g,” says Chiu. “Because<br />

I am an entrepreneur and a bus<strong>in</strong>essman, I really believe<br />

for anyone to advance their career or life, they need to be<br />

cont<strong>in</strong>ually learn<strong>in</strong>g.”<br />

Chiu adds, “It makes me feel really proud as a local bus<strong>in</strong>essman<br />

that we are able to donate money to the school<br />

where my passion lies, and at the same time, it makes me<br />

extremely fortunate to be able to give back to the community<br />

<strong>in</strong> this way.”<br />

Accord<strong>in</strong>g to David Allwright, dean of the School of <strong>Bus<strong>in</strong>ess</strong>,<br />

the donation will allow Bow Valley College to develop<br />

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18 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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off the top • News<br />

(Left to right): Eleanor Chiu, Wayne Chiu, Sharon Carry (president and CEO, Bow Valley College), David Allwright (dean, Chiu School of <strong>Bus<strong>in</strong>ess</strong>, Bow Valley College).<br />

Photo credit: Bow Valley College.<br />

some programs and <strong>in</strong>itiatives that will help enrich the student<br />

experience.<br />

“We will be able to provide mentorships with <strong>in</strong>dustry,<br />

provid<strong>in</strong>g opportunities to develop the soft skills that students<br />

need to be successful <strong>in</strong> the workplace,” says Allwright.<br />

“It is easy to teach the hard skills and most post-secondary<br />

<strong>in</strong>stitutions do that well, but the th<strong>in</strong>gs that allow the students<br />

to be successful <strong>in</strong> the workplace are those soft skills<br />

– the motivation, the attitude, the behaviours, the desire, the<br />

<strong>in</strong>tuition – all of those th<strong>in</strong>gs that employers value that are<br />

the hardest to teach. They cannot really be taught; they can<br />

only be experienced.”<br />

Allwright says that <strong>in</strong> addition to enhanc<strong>in</strong>g the whole learn<strong>in</strong>g<br />

experience for students, the School of <strong>Bus<strong>in</strong>ess</strong> will also<br />

ga<strong>in</strong> recognition and endorsement from receiv<strong>in</strong>g a $3 million<br />

donation from one of <strong>Calgary</strong>’s most respected bus<strong>in</strong>essmen.<br />

“A lot of students do go on to other post-secondary <strong>in</strong>stitutions<br />

for degree completion,” expla<strong>in</strong>s Allwright. “So this<br />

is recognition by somebody who the other post-secondary<br />

[<strong>in</strong>stitutions] know and respect. It says, ‘Yes, we are do<strong>in</strong>g<br />

the k<strong>in</strong>d of job the <strong>in</strong>dustry wants.’ Other post-secondary<br />

<strong>in</strong>stitutions view that endorsement very seriously.”<br />

Established by Chiu <strong>in</strong> 1992, Trico Homes builds new<br />

s<strong>in</strong>gle and multi-family homes, offer<strong>in</strong>g an extensive selection<br />

of starter, move-up and semi-estate models <strong>in</strong> <strong>Calgary</strong>,<br />

Okotoks, Cochrane and Airdrie. While Trico homes has<br />

been recognized as one of <strong>Calgary</strong>’s top builders, their chief<br />

executive and founder is also be<strong>in</strong>g recognized as a top philanthropist<br />

– and one that will be revered at Bow Valley<br />

College for years to come.<br />

“This is a fairly major event <strong>in</strong> the life of any school of<br />

bus<strong>in</strong>ess so we are thrilled,” concludes Allwright. “This is a<br />

great celebration for us and someth<strong>in</strong>g that will be cherished<br />

for quite some time.” BiC<br />

20 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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off the top • News<br />

Game On – Road Hockey to Conquer Cancer<br />

The Alberta Cancer Foundation <strong>in</strong>vests <strong>in</strong> th<strong>in</strong>gs<br />

that matter to Albertans: earlier detection, better prevention<br />

strategies, improved treatment and enhanced<br />

quality of care. As part of their commitment to mak<strong>in</strong>g<br />

a difference, they look for events and projects that will<br />

make an impact for cancer patients here <strong>in</strong> Alberta.<br />

With that <strong>in</strong> m<strong>in</strong>d, they are launch<strong>in</strong>g the Alberta Cancer<br />

Foundation’s <strong>in</strong>augural Road Hockey to Conquer<br />

Cancer.<br />

Tak<strong>in</strong>g place on Saturday, September 20, 2014 at<br />

W<strong>in</strong>Sport’s Canada Olympic Park, <strong>Calgary</strong>’s first Road<br />

Hockey to Conquer Cancer kicks off. Imag<strong>in</strong>e – five<br />

excit<strong>in</strong>g games and more than 50 teams com<strong>in</strong>g together<br />

for a cause that is so close to so many. With every player<br />

united by one common goal to redef<strong>in</strong>e the future for<br />

Alberta cancer patients it is sure to make a difference.<br />

Funds raised from this event will be <strong>in</strong>vested <strong>in</strong><br />

research led by the most motivated scientists across<br />

the country – research teams that can accelerate<br />

breakthroughs and deliver transformative new treatments to<br />

Alberta cancer patients through cl<strong>in</strong>ical trials.<br />

This dawn-to-dusk fundrais<strong>in</strong>g event features hundreds of<br />

spirited road hockey games, as well as musical acts, celebrity<br />

Photo courtesy of the Alberta Cancer Foundation<br />

appearances, <strong>in</strong>teractive activities, food and beverages, and<br />

so much more. If you enjoy a challenge, be<strong>in</strong>g part of a team<br />

and donat<strong>in</strong>g your time and effort to an amaz<strong>in</strong>g cause, this<br />

is the perfect event to attend. BiC<br />

22 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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© 2014 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved. 3705-03 0214


DR<br />

off the top • News<br />

3D Cityscapes Collection<br />

30 x 48 The Past is Back - oil on l<strong>in</strong>en<br />

24 x 30 Olympic Plaza - oil on l<strong>in</strong>en. Photos, these two pages, courtesy of Webster Galleries.<br />

Réal Fournier’s vision oscillates<br />

between two worlds: one is found <strong>in</strong><br />

[Réal Fournier’s] larger-than-life pa<strong>in</strong>t<strong>in</strong>gs reality, the other is a blend of <strong>in</strong>tuition<br />

and imag<strong>in</strong>ation. As an artist, there are<br />

are sought around the world, yet he chooses few th<strong>in</strong>gs Fournier is never without: a<br />

pair of 3D glasses, a bicycle and small<br />

to make <strong>Calgary</strong> home.<br />

sketchbook tucked <strong>in</strong>to his pocket.<br />

His larger-than-life pa<strong>in</strong>t<strong>in</strong>gs are<br />

sought around the world, yet Fournier<br />

chooses to make <strong>Calgary</strong> home. Last<br />

RAWLYK<br />

year, while work<strong>in</strong>g on a series of<br />

uncompromised<br />

hockey portraits, Fournier had a vision<br />

craftsmanship for<br />

and it resulted <strong>in</strong> a collection of pa<strong>in</strong>t<strong>in</strong>gs<br />

that are unmistakably “<strong>Calgary</strong>.”<br />

over 20 years...<br />

Twenty years ago, Fournier captured<br />

<strong>Calgary</strong>’s homeless people through a<br />

series of pa<strong>in</strong>t<strong>in</strong>gs – feel<strong>in</strong>g mythical,<br />

T yet S steeped I <strong>in</strong> N real C people . and<br />

D E V E L O P M E N<br />

their lives. The pa<strong>in</strong>t<strong>in</strong>gs came to<br />

life through his “Eyes Closed Sketch”<br />

method – a method that draws on pure<br />

imag<strong>in</strong>ation.<br />

Today, Fournier has returned to the<br />

city’s core to capture 20 years of evolution.<br />

He has discovered a new layer of<br />

curves, colours and citizens – amidst the<br />

steel, glass and concrete. Fournier captures<br />

the details that many people miss.<br />

This time, his eyes are wide open.<br />

Much like the city, Fournier’s style has<br />

also evolved and all of his cityscapes<br />

are pa<strong>in</strong>ted <strong>in</strong> 3D. But his style is still<br />

whimsical – even magical … it is his<br />

signature.<br />

RAWLYK<br />

Young and old move about <strong>in</strong><br />

D E V E L O P M E N T S I N C .<br />

the foreground while highrise towers<br />

soften and sway <strong>in</strong> the www.rawlyk.com<br />

sunlight.<br />

24 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


off the top • News<br />

48 x 30 Danc<strong>in</strong>g on the ice - oil on l<strong>in</strong>en<br />

Fournier captures a movement that is<br />

youthful and vibrant. Animals blend<br />

<strong>in</strong>to the layers with exact<strong>in</strong>g precision<br />

– it’s only when you ‘dig deeper’ the<br />

depths start to surface.<br />

“Justice is served at city hall yet there<br />

are horses runn<strong>in</strong>g free <strong>in</strong> front of the<br />

build<strong>in</strong>g,” observes Fournier. “Someone<br />

plays music on a street corner, your eye<br />

catches an outdoor sculpture and there<br />

is activity all around – it all represents<br />

the city – and I want to be a part of the<br />

journey,” he cont<strong>in</strong>ues.<br />

“See<strong>in</strong>g the city <strong>in</strong> 3D reveals an<br />

<strong>in</strong>ner world … a new world,” he notes.<br />

“It’s much harder to pa<strong>in</strong>t a city <strong>in</strong><br />

3D because you have to work with an<br />

exist<strong>in</strong>g environment. To pa<strong>in</strong>t authentic<br />

colours, you have to manipulate<br />

the colours – mak<strong>in</strong>g them recede and<br />

advance – depend<strong>in</strong>g on the objects<br />

and position,” he says.<br />

From the Centre Street Bridge to<br />

Olympic Plaza, Réal Fournier has created<br />

a new generation of images – preserv<strong>in</strong>g<br />

both the young and the old landmarks.<br />

Fournier’s collection of 3D cityscapes<br />

are on display at Webster Galleries dur<strong>in</strong>g<br />

the month of March. BiC<br />

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bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 25


off the top • News<br />

ICON <strong>Bus<strong>in</strong>ess</strong> Park Transforms Foothills Neighbourhood<br />

<strong>in</strong>to Bustl<strong>in</strong>g <strong>Bus<strong>in</strong>ess</strong> Centre<br />

<strong>Bus<strong>in</strong>ess</strong> partners Andrew (left) and Michael Hungerford (right) took <strong>in</strong>vited guests on a tour of the ICON <strong>Bus<strong>in</strong>ess</strong> Park.<br />

For almost 20 years, the Haworth build<strong>in</strong>g was the<br />

heart of a thriv<strong>in</strong>g corporate campus <strong>in</strong> southeast <strong>Calgary</strong>,<br />

employ<strong>in</strong>g over 600 people <strong>in</strong> furniture manufactur<strong>in</strong>g. But<br />

<strong>in</strong> 2009, the American company moved the base of its operations<br />

back to Michigan, leav<strong>in</strong>g the area devoid of activity.<br />

Then, last summer, Vancouver developer, Hungerford<br />

Classic Bearspaw Views. Brand New Villas Lifestyle.<br />

Now there’s a way to live a life without compromise and enjoy<br />

exceptional views of the Rockies every day. The Villas at Watermark<br />

have raised the bar for a modern lock-and-leave lifestyle, with<br />

spacious, walk-out floorplans, just 20 m<strong>in</strong>utes from downtown.<br />

Come and see for yourself.<br />

<strong>Calgary</strong>’s fastest-sell<strong>in</strong>g Villa community. From the mid $700,000s.<br />

REGISTER NOW: VillasAtWatermark.com<br />

20 MINS. TO CALGARY<br />

T: 403.474.5985<br />

This is not an offer<strong>in</strong>g for sale. Such<br />

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disclosure statement. E.&O.E.<br />

BUSINESS IN CALGARY<br />

Client: MacDonald Development<br />

26 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Oldest. Newest.<br />

Coolest. Warmest.<br />

What was once old is becom<strong>in</strong>g very new and will be ‘cool’ <strong>in</strong> countless ways;<br />

East Village is transform<strong>in</strong>g before our eyes.<br />

Change. It comes <strong>in</strong> all shapes and forms, for various<br />

reasons and is often met with resistance and scepticism.<br />

Yet when dedicated and dynamic people champion an<br />

idea, adopt a solid methodology, and garner community and<br />

municipal support, significant th<strong>in</strong>gs can happen.<br />

One particular area of <strong>Calgary</strong> has seen and endured much<br />

change s<strong>in</strong>ce its early beg<strong>in</strong>n<strong>in</strong>gs. Once a thriv<strong>in</strong>g community<br />

that gave birth to downtown <strong>Calgary</strong> over a century ago, East<br />

Village (EV) has s<strong>in</strong>ce endured cycles of boom, erosion and<br />

unfortunate decl<strong>in</strong>e over the generations. Yet it has always told<br />

an important story.<br />

In more recent years, private and grass-root efforts have been<br />

made to revitalize the area, but were unsuccessful. Thanks to the<br />

vision of many and the fortitude of former mayor Dave Bronconnier<br />

and city council, someth<strong>in</strong>g significant and <strong>in</strong>genious happened.<br />

In 2007, the <strong>Calgary</strong> Municipal Land Corporation (CMLC) was<br />

created and formalized as a wholly-owned subsidiary of the city.<br />

Lead by a board of directors (who are accountable to the city<br />

council), CMLC was mandated to execute the Rivers District<br />

Revitalization Plan (which <strong>in</strong>cludes East Village) by deliver<strong>in</strong>g a<br />

robust public <strong>in</strong>frastructure program. This was to be no small<br />

feat, given the state of the area, longstand<strong>in</strong>g perceptions and<br />

the substantial capital <strong>in</strong>vestment required.<br />

The plan was made possible by an <strong>in</strong>novative fund<strong>in</strong>g<br />

mechanism called a Community Revitalization Levy (CRL) which<br />

required both municipal and prov<strong>in</strong>cial approvals. The first of<br />

its k<strong>in</strong>d <strong>in</strong> Canada, CRL is similar to what’s known throughout<br />

North America as ‘tax <strong>in</strong>cremental f<strong>in</strong>anc<strong>in</strong>g’. It’s a mechanism<br />

by which property tax revenues – which result from <strong>in</strong>creased<br />

assessment value of property and new development <strong>in</strong> the<br />

area – are accessed by CMLC to put approved <strong>in</strong>frastructure<br />

neighbourhood <strong>in</strong> town.<br />

improvements <strong>in</strong> place.<br />

In other words, the CRL creates a new tax base for the city.<br />

CMLC is not access<strong>in</strong>g current tax dollars or the City of <strong>Calgary</strong><br />

tax base to put <strong>in</strong>frastructure improvements <strong>in</strong> place with<strong>in</strong><br />

the community. Rather, for a def<strong>in</strong>ed period of time CMLC can<br />

access funds that are be<strong>in</strong>g generated from new development<br />

to put necessary critical <strong>in</strong>frastructure <strong>in</strong> place.<br />

The CRL encatchment area <strong>in</strong>cludes the Rivers District area<br />

of <strong>Calgary</strong>, a 309-acre region <strong>in</strong> <strong>Calgary</strong>’s east end; the East<br />

Village community is 49 acres of that.<br />

As part of the CRL formula, tax dollars would then cont<strong>in</strong>ue<br />

to be allocated to CMLC for the duration of the 20-year EV<br />

project, and would then flow back <strong>in</strong>to the City of <strong>Calgary</strong> upon<br />

completion.<br />

With the CRL <strong>in</strong> place CMLC began the ultimate task of creat<strong>in</strong>g<br />

a sought-after community, and ignit<strong>in</strong>g a movement to downtown<br />

liv<strong>in</strong>g and urban exploration. The project was developed to <strong>in</strong>clude<br />

a multitude of condom<strong>in</strong>ium build<strong>in</strong>gs, high-end hotel, hybrid<br />

shopp<strong>in</strong>g experience (which <strong>in</strong>cludes both an urban shopp<strong>in</strong>g<br />

complex on one site and niche service-oriented retail throughout<br />

all other mixed use build<strong>in</strong>gs), featur<strong>in</strong>g restaurants and great<br />

gather<strong>in</strong>g spaces. The new Central Library and the National<br />

Music Centre would also be showcased.<br />

“The East Village is go<strong>in</strong>g to be an exceed<strong>in</strong>gly vibrant and<br />

revered place to live and visit year round. The forethought,<br />

considerations and plann<strong>in</strong>g that have gone <strong>in</strong>to the entire<br />

project are unbelievable. An <strong>in</strong>itiative of this size, us<strong>in</strong>g a fund<strong>in</strong>g<br />

model of this nature is very powerful and will complement the<br />

city <strong>in</strong> ways we have yet to experience,” expla<strong>in</strong>s Lyle Edwards,<br />

chairman of the board of CMLC. “We are immensely proud of<br />

how the project is evolv<strong>in</strong>g and the accolades and awards it<br />

has already received. How people see and experience the East<br />

Village will be forever changed for the better.”<br />

Relief. Recovery. Resolve.<br />

<strong>Calgary</strong> is strong. And so is East Village, the place where <strong>Calgary</strong> was founded<br />

and where the future of downtown liv<strong>in</strong>g is be<strong>in</strong>g built today.<br />

S<strong>in</strong>ce 2006, Master Developer CMLC has led the transformation of East Village, and flood-proof<strong>in</strong>g was<br />

an <strong>in</strong>tegral part of the master plan – <strong>in</strong> the past five years, we’ve raised the floodpla<strong>in</strong> by up to four feet.<br />

That important <strong>in</strong>vestment paid off this summer: our two major residential projects susta<strong>in</strong>ed little or<br />

no damage, and construction cont<strong>in</strong>ues. Our pride at the efforts of our neighbours and our community<br />

knows no bounds. Our commitment to deliver<strong>in</strong>g the master plan vision of the community is <strong>in</strong>tact and<br />

our resolve is unwaver<strong>in</strong>g. We look forward to welcom<strong>in</strong>g you to the newest, oldest, coolest, warmest<br />

INSPIRING COMMUNITIES TO BUILD, GROW AND BELIEVE.<br />

FOR MORE INFORMATION, VISIT CALGARYMLC.CA OR CALL 403.718.0300.<br />

east village ® is a trademark owned by <strong>Calgary</strong> Municipal Land Corporation.


off the top • News<br />

Properties, made headl<strong>in</strong>es with the purchase of the Haworth<br />

build<strong>in</strong>g, <strong>Calgary</strong>’s largest manufactur<strong>in</strong>g plant and one of<br />

the city’s largest build<strong>in</strong>gs.<br />

The 761,000-square-foot facility sits on 45 acres of land<br />

and has been called one of the most beautifully-created<br />

office environments <strong>in</strong> the country.<br />

In February, Hungerford unveiled its plans to redevelop and<br />

redesign the build<strong>in</strong>g, transform<strong>in</strong>g the site <strong>in</strong>to a bustl<strong>in</strong>g<br />

bus<strong>in</strong>ess centre once aga<strong>in</strong>. At an exclusive media tour and<br />

open house at the facility on February 5, partners Michael<br />

and Andrew Hungerford took <strong>in</strong>vited guests on a tour of the<br />

property, now called ICON <strong>Bus<strong>in</strong>ess</strong> Park, and discussed how<br />

the company plans to revive the area.<br />

“This is considered one of the choicest commercial real<br />

estate properties <strong>in</strong> the city,” says partner, Michael Hungerford.<br />

“But it’s been a dormant shell for many years. We’re<br />

br<strong>in</strong>g<strong>in</strong>g back the trucks. We’re br<strong>in</strong>g<strong>in</strong>g back the people.<br />

We’re br<strong>in</strong>g<strong>in</strong>g bus<strong>in</strong>ess back.”<br />

New render<strong>in</strong>gs revealed at the ICON open house showed<br />

how Hungerford plans to turn the current, state-of-the-art<br />

build<strong>in</strong>g <strong>in</strong>to a multi-tenanted, commercial and <strong>in</strong>dustrial<br />

hub offer<strong>in</strong>g easy access to air, truck and rail transportation.<br />

The build<strong>in</strong>g’s strategic location will allow it to take<br />

advantage of <strong>Calgary</strong>’s grow<strong>in</strong>g reputation as a logistics hub<br />

for Western Canada, and will appeal to manufactur<strong>in</strong>g and<br />

logistics enterprises and suburban office tenants. With an<br />

<strong>in</strong>vestment of more than $10 million <strong>in</strong> refurbishment, the<br />

property will get a redesign <strong>in</strong>clud<strong>in</strong>g more than 60 new<br />

dock doors, exterior landscap<strong>in</strong>g and customiz<strong>in</strong>g the <strong>in</strong>teriors<br />

to meet the requirements of new tenants. The build<strong>in</strong>g<br />

will offer flexible workspace of up to 676,000 square feet <strong>in</strong><br />

warehous<strong>in</strong>g and 85,000 square feet <strong>in</strong> office space.<br />

“Hungerford’s renovation repositions the largest block of<br />

underutilized <strong>in</strong>dustrial space <strong>in</strong> <strong>Calgary</strong>,” says Bruce Graham,<br />

president and CEO of <strong>Calgary</strong> Economic Development.<br />

“This vibrant, reimag<strong>in</strong>ed space will be a welcom<strong>in</strong>g home<br />

to a variety of new bus<strong>in</strong>esses <strong>in</strong> the heart of <strong>Calgary</strong>’s thriv<strong>in</strong>g<br />

<strong>in</strong>dustrial sector, thanks to the visionary shepherd<strong>in</strong>g of<br />

Hungerford Properties.”<br />

“We’re excited about breath<strong>in</strong>g new life back <strong>in</strong>to the<br />

build<strong>in</strong>g and revitaliz<strong>in</strong>g what is already an award-w<strong>in</strong>n<strong>in</strong>g<br />

property by <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> it and mak<strong>in</strong>g it attractive to bus<strong>in</strong>esses<br />

who can then, <strong>in</strong> turn, revitalize the neighbourhood<br />

with jobs and bus<strong>in</strong>ess activity,” says partner, Andrew Hungerford.<br />

Dubbed “southeast <strong>Calgary</strong>’s most <strong>in</strong>telligent<br />

workspace,” the build<strong>in</strong>g will now offer an unprecedented<br />

opportunity to lease award-w<strong>in</strong>n<strong>in</strong>g warehouse and class A<br />

office space with a unique mix of quality, flexibility and<br />

amenities with great transportation access. Former build<strong>in</strong>g<br />

owner, Haworth, will be the first office tenant and new leas<strong>in</strong>g<br />

opportunities <strong>in</strong> both office and warehous<strong>in</strong>g are<br />

available now. BiC<br />

Solve Mobility Services Inc.<br />

offers customized telecommunications solutions,<br />

meet<strong>in</strong>g each client’s unique needs with<br />

cost-reduction on domestic and global carriers.<br />

Real-time monitor<strong>in</strong>g and<br />

comprehensive consult<strong>in</strong>g<br />

on plans and devices.<br />

www.solvemobility.com<br />

403.910.0690<br />

28 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


off the top • News<br />

Airdrie: The Boom<strong>in</strong>g City<br />

Genesis Land Development has been build<strong>in</strong>g communities<br />

across Alberta for more than 15 years. As the prov<strong>in</strong>ce<br />

cont<strong>in</strong>ues to boom, they’ve focused on key areas, such as the<br />

city of Airdrie, to not only build homes but communities.<br />

Airdrie is one of the fastest grow<strong>in</strong>g municipalities <strong>in</strong><br />

Alberta and Canada, with an average annual growth rate of<br />

7.78 per cent over the past five years. The city offers affordable<br />

home prices, good schools and easy access to major<br />

highways and <strong>Calgary</strong>’s downtown core. Airdrie is attract<strong>in</strong>g<br />

first-time homebuyers look<strong>in</strong>g to live <strong>in</strong> family-friendly<br />

communities with nearby access to goods and services,<br />

shops, restaurants and lifestyle amenities.<br />

Reflect<strong>in</strong>g the company’s vision of build<strong>in</strong>g a bright and<br />

vibrant community is Canals Land<strong>in</strong>g, a residential community<br />

nestled <strong>in</strong>to the canals <strong>in</strong> central Airdrie. This thriv<strong>in</strong>g<br />

neighbourhood features an abundance of green space with<br />

close proximity to golf courses, shopp<strong>in</strong>g malls and most<br />

importantly, an elementary and new junior high school.<br />

To meet the grow<strong>in</strong>g need of affordable hous<strong>in</strong>g solutions,<br />

Genesis unveiled semi-detached homes that start <strong>in</strong> the low<br />

$300,000s. Buyers will enjoy the value of a semi without<br />

hav<strong>in</strong>g to share common walls as the connections are only<br />

between the garages, deliver<strong>in</strong>g the benefits of a detached<br />

Showhome <strong>in</strong> Genesis Land Development’s community of Canals Land<strong>in</strong>g, <strong>in</strong> Airdrie.<br />

home with the sav<strong>in</strong>gs offered by smart design. The number<br />

of semi-detached homes is <strong>in</strong>creas<strong>in</strong>g <strong>in</strong> <strong>Calgary</strong>, but offered<br />

at high prices. In Airdrie, Genesis can offer these homes to<br />

consumers at affordable prices, not compris<strong>in</strong>g on privacy,<br />

space or design. As the city cont<strong>in</strong>ues to grow, hous<strong>in</strong>g<br />

options like these will cont<strong>in</strong>ue to surge <strong>in</strong> popularity.<br />

Also, contribut<strong>in</strong>g to this thriv<strong>in</strong>g neighbourhood is Crystal<br />

Creek Homes, Genesis Builders Group, McKee Homes and<br />

ReidBuilt Homes. BiC<br />

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To learn more about the CHRP designation <strong>in</strong><br />

Alberta visit www.HRIA.ca<br />

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30 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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off the top • News<br />

Competition Showcases Top Talent Emerg<strong>in</strong>g <strong>in</strong> the Energy Sector<br />

startups pitched for cash and <strong>in</strong>-k<strong>in</strong>d prizes at <strong>in</strong>augural Energy new venture competition<br />

Would-be energy sector entrepreneurs and emerg<strong>in</strong>g<br />

energy tech companies competed for a grand prize worth<br />

$25,000 at the <strong>in</strong>augural Energy New Venture Competition<br />

on January 21, 2014. F<strong>in</strong>alists had 10 m<strong>in</strong>utes to make their<br />

case, Dragons’ Den-style, to a panel of judges consist<strong>in</strong>g of<br />

<strong>in</strong>vestors from Bluerock Ventures, Schlumberger Technology<br />

Corp, Fronterra Ventures, Coll<strong>in</strong>s Barrow and Altira Group.<br />

Created by the Hunter Centre for Entrepreneurship and<br />

Innovation at the University of <strong>Calgary</strong>’s Haskayne School of<br />

<strong>Bus<strong>in</strong>ess</strong> and Innovate <strong>Calgary</strong>, and supported by Cenovus, the<br />

competition was designed as a platform to help advance emerg<strong>in</strong>g<br />

energy technology companies and concepts to the next level.<br />

“We wanted to create an opportunity to help drive <strong>Calgary</strong><br />

forward as a leader <strong>in</strong> energy technology and development,<br />

giv<strong>in</strong>g emerg<strong>in</strong>g companies a major hand-up with<br />

their ventures,” says Kim Neutens, director of the Hunter<br />

Centre for Entrepreneurship and Innovation. “We provided<br />

f<strong>in</strong>alists with mentorship from experts <strong>in</strong> entrepreneurship,<br />

<strong>in</strong>novation, company creation and <strong>in</strong>vestment development<br />

lead<strong>in</strong>g up to the competition as well as the opportunity to<br />

pitch for cash prizes and network with potential <strong>in</strong>vestors.”<br />

FREDsense Technologies secured the top prize, tak<strong>in</strong>g<br />

home $15,000 <strong>in</strong> cash, $10,000 of <strong>in</strong>-k<strong>in</strong>d services and the<br />

opportunity to pitch at the PROPEL Energy Tech Forum<br />

to more than 100 <strong>in</strong>vestors. The company edged-out the<br />

competition with their Field-Ready Electrochemical Detector<br />

(FRED), a novel electrochemical biosensor allow<strong>in</strong>g for<br />

on-site, rapid detection and quantification of tox<strong>in</strong>s <strong>in</strong> the<br />

tail<strong>in</strong>g ponds. Started by a team of University of <strong>Calgary</strong><br />

students and alumni, FREDsense Technologies hopes their<br />

biosensor solutions will be used <strong>in</strong> water quality monitor<strong>in</strong>g<br />

across the oil and gas sector.<br />

“W<strong>in</strong>n<strong>in</strong>g this competition really starts to make th<strong>in</strong>gs<br />

real <strong>in</strong> the whole process of the startup. We can start reach<strong>in</strong>g<br />

our goals for the year, and that is huge,” expla<strong>in</strong>s David<br />

Lloyd, co-founder, FREDSense. “We’ll be us<strong>in</strong>g the money to<br />

help develop a prototype, establish connections to take the<br />

product forward and file for a full patent.”<br />

Plac<strong>in</strong>g second <strong>in</strong> the competition and pocket<strong>in</strong>g $12,500 <strong>in</strong><br />

prizes was Luxmux, a company that has developed a technology<br />

that enables real-time and accurate steam-quality measurements<br />

for <strong>in</strong>-situ thermal heavy oil productions. ENVrecon took third<br />

place and $5,000 <strong>in</strong> prizes with its software application that<br />

automates the process of collect<strong>in</strong>g data for environmental<br />

reports, reduc<strong>in</strong>g the process<strong>in</strong>g time from a five- to 10-day process<br />

to one that takes only five to 10 seconds. BiC<br />

32 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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Entrepreneurship: more than a buzzword • Entrepreneurship<br />

Entrepreneurship:<br />

more than a buzzword<br />

Entrepreneurship is an attitude and a m<strong>in</strong>dset<br />

By John hardy<br />

Buchanan Barry LLP is pleased to welcome Rick Laycock<br />

and Greg Hesla<br />

as new Partners for 2014. Rick returns to Buchanan Barry from another<br />

<strong>Calgary</strong> firm where he practiced for 12 years. Greg jo<strong>in</strong>s Buchanan Barry from<br />

that same firm and br<strong>in</strong>gs with him over 15 years of progressive experience.<br />

Founded <strong>in</strong> 1960, Buchanan Barry LLP is an established presence <strong>in</strong> the<br />

<strong>Calgary</strong> bus<strong>in</strong>ess community. We offer audit and assurance, account<strong>in</strong>g,<br />

tax, valuation and advisory services to large and small enterprises, non-profit<br />

organizations and <strong>in</strong>dividuals. Our client relationships often span decades,<br />

reflect<strong>in</strong>g the quality of our <strong>in</strong>formed approach to the professional services we<br />

provide.<br />

www.buchananbarry.ca (403) 262-2116<br />

Entrepreneurship is not only the<br />

latest bus<strong>in</strong>ess buzzword <strong>in</strong><br />

conventional organizations and<br />

a wide range of startup bus<strong>in</strong>esses,<br />

entrepreneurship is a hot and excit<strong>in</strong>g<br />

new bus<strong>in</strong>ess concept.<br />

The newness is that entrepreneurship<br />

has caught on, gone ma<strong>in</strong>stream<br />

and achieved bona fide legitimacy.<br />

The bus<strong>in</strong>ess world and academia now<br />

embrace and value entrepreneurship.<br />

“We may not have called it that<br />

until about 10 years ago, when most<br />

<strong>in</strong>stitutions were offer<strong>in</strong>g enterprise<br />

MBAs, but the concept has been<br />

around for generations,” expla<strong>in</strong>s<br />

the upbeat and plugged-<strong>in</strong> Kimberley<br />

Neutens, director of the Hunter Centre<br />

for Entrepreneurship and Innovation<br />

at the Haskayne School of <strong>Bus<strong>in</strong>ess</strong>.<br />

“It’s basically the process of identify<strong>in</strong>g<br />

an opportunity (<strong>in</strong>novation), what<br />

resources are available (human and<br />

f<strong>in</strong>ancial) to br<strong>in</strong>g the product or the<br />

service to market.”<br />

No surprise that it has become a<br />

much-<strong>in</strong>-demand and vital component<br />

of the bus<strong>in</strong>ess school curriculum.<br />

34 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Entrepreneurship: more than a buzzword • Entrepreneurship<br />

Is wait<strong>in</strong>g<br />

for your<br />

In the last decade or two, there has<br />

been a seismic shift <strong>in</strong> demand for a<br />

new breed of slightly or dramatically<br />

different and even alternative<br />

bus<strong>in</strong>ess education, especially ones<br />

that teach the basics and specifics of<br />

entrepreneurship – education that is<br />

tapped <strong>in</strong>to everyth<strong>in</strong>g from startup<br />

ecosystems to access<strong>in</strong>g venture<br />

capitalists and startup <strong>in</strong>cubators.<br />

tak<strong>in</strong>g way<br />

too long?<br />

We have a<br />

solution for that.<br />

For years, most bus<strong>in</strong>ess schools<br />

offered courses or student clubs on<br />

the vague and fr<strong>in</strong>ge topic of entrepreneurship<br />

although it was <strong>in</strong>evitably<br />

a small part of the courses which<br />

were designed to teach bus<strong>in</strong>ess students<br />

the basics <strong>in</strong> economics, f<strong>in</strong>ance,<br />

account<strong>in</strong>g, market<strong>in</strong>g and operations,<br />

usually gett<strong>in</strong>g qualified for specific<br />

management roles <strong>in</strong> exist<strong>in</strong>g, large<br />

organizations.<br />

Schools had to make significant<br />

adjustments, <strong>in</strong> some cases re-<strong>in</strong>vent<br />

themselves, to better serve a rapidly-grow<strong>in</strong>g<br />

base of gung-ho and<br />

aggressive entrepreneurs.<br />

In the last decade or two, there has<br />

been a seismic shift <strong>in</strong> demand for a<br />

new breed of slightly or dramatically<br />

different and even alternative bus<strong>in</strong>ess<br />

education, especially ones that teach<br />

the basics and specifics of entrepreneurship<br />

– education that is tapped<br />

<strong>in</strong>to everyth<strong>in</strong>g from startup ecosystems<br />

to access<strong>in</strong>g venture capitalists<br />

and startup <strong>in</strong>cubators.<br />

Respected bus<strong>in</strong>ess schools – from<br />

<strong>Calgary</strong>’s Haskayne and Chiu School<br />

of <strong>Bus<strong>in</strong>ess</strong> at Bow Valley College to<br />

Schulich, Harvard, Kellogg, Wharton<br />

and others – acknowledge the role and<br />

impact of entrepreneurship <strong>in</strong> today’s<br />

and tomorrow’s bus<strong>in</strong>ess world.<br />

“Although entrepreneurial aspects<br />

are now a rout<strong>in</strong>e part of many bus<strong>in</strong>ess<br />

courses, we have emphasized<br />

‘experiential learn<strong>in</strong>g,’” Neutens po<strong>in</strong>ts<br />

out. “Not just read<strong>in</strong>g about entrepreneurial<br />

skills but liv<strong>in</strong>g them, live. We<br />

<strong>in</strong>vite successful <strong>Calgary</strong> entrepreneurs<br />

to come <strong>in</strong>to our classrooms, meet our<br />

students and talk openly about their<br />

successes and their failures.”<br />

Various aspects of entrepreneurship<br />

are already entrenched and expand<strong>in</strong>g<br />

as vital parts of contemporary MBA<br />

and other bus<strong>in</strong>ess programs. In fact,<br />

some bus<strong>in</strong>ess schools are so committed<br />

to the potential of entrepreneurship<br />

that they have actually begun to offer<br />

master of entrepreneurship (MEntr)<br />

degrees as an alternative to MBA.<br />

There is caution <strong>in</strong> temper<strong>in</strong>g (not<br />

discourag<strong>in</strong>g) the trend and excitement<br />

about entrepreneurship.<br />

As some academics, conventional<br />

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bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 35


Economic Futures Council | JA Canada<br />

http://southern-alberta.jacan.org/economic-futu...<br />

Junior Achievement of Southern Alberta<br />

is proud to recognize the Found<strong>in</strong>g Members<br />

of the Economic Futures Council at a<br />

special luncheon on April 17, 2014<br />

at the Hyatt Regency <strong>Calgary</strong>.<br />

John and Cheryl Aldred<br />

David A. Bissett<br />

Jim Davidson<br />

Jack and Joan Donald<br />

N. Murray Edwards<br />

Richard F. Haskayne<br />

Wayne Henuset<br />

Sam Kolias<br />

Hal Kvisle<br />

Alv<strong>in</strong> Lib<strong>in</strong><br />

Ronald N. Mannix<br />

David O’Brien<br />

Todd Poland<br />

Clayton Riddell<br />

JR Shaw<br />

Guy Turcotte<br />

Mac Van Wiel<strong>in</strong>gen<br />

Anonymous<br />

To reserve a spot at the luncheon or to jo<strong>in</strong> the Council,<br />

please contact Junior Achievement of Southern Alberta<br />

at 403 781 2582.<br />

Members of the Economic Futures Council, through their participation<br />

and generous f<strong>in</strong>ancial support, are committed to help<strong>in</strong>g youth succeed<br />

<strong>in</strong> a global economy.<br />

Economic<br />

Futures<br />

Council<br />

36 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

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Entrepreneurship: more than a buzzword • Entrepreneurship<br />

Kimberley Neutens. Photo by Kai Hochhausen.<br />

There’s consensus that while entrepreneurship is<br />

appeal<strong>in</strong>g and (for some) the clichéd chance to<br />

‘be your own boss,’ to be an orig<strong>in</strong>al, to create<br />

and cash <strong>in</strong> on a revolutionary new idea has always<br />

been tempt<strong>in</strong>g and irresistible, it is not easy.<br />

bus<strong>in</strong>ess executives as well as solid,<br />

established and successful entrepreneurs<br />

po<strong>in</strong>t out: entrepreneurship is<br />

often misunderstood and mislead<strong>in</strong>g.<br />

The stereotypical perception still l<strong>in</strong>gers<br />

that entrepreneurs are mavericks,<br />

fr<strong>in</strong>ge players and gung-ho creative<br />

types who buck the system.<br />

Despite celebrated stories about some<br />

high-profile examples, not all entrepreneurs<br />

can be Jeff Bezos (Amazon),<br />

Richard Branson (Virg<strong>in</strong> everyth<strong>in</strong>g),<br />

Phil Knight (Nike), Clive Beddoe (West-<br />

Jet) and Howard Schultz (Starbucks).<br />

“TV reality shows like Dragons’ Den<br />

and Shark Tank can’t be underestimated,”<br />

she shrugs. “They showcase<br />

<strong>in</strong>genuity, <strong>in</strong>novation and entrepreneurship.”<br />

There’s consensus that while entrepreneurship<br />

is appeal<strong>in</strong>g and (for<br />

some) the clichéd chance to ‘be your<br />

own boss,’ to be an orig<strong>in</strong>al, to create<br />

and cash <strong>in</strong> on a revolutionary new<br />

idea has always been tempt<strong>in</strong>g and<br />

irresistible, it is not easy.<br />

As iconic celebrity Dolly Parton consistently<br />

says about her stage persona<br />

appearance: “It takes a lot of money to<br />

look this cheap.”<br />

Neutens cites a recent Haskayne<br />

new-student survey done by assistant<br />

professor Derek Hassay. “Misconceptions<br />

about be<strong>in</strong>g an entrepreneur can<br />

cause unrealistic expectations. Our<br />

survey showed that, at the start of our<br />

program, six out of 10 students wanted<br />

to open their own bus<strong>in</strong>ess. By graduation,<br />

it was one out of 20.<br />

“Reality had set <strong>in</strong>. It’s challeng<strong>in</strong>g<br />

and the fact that be<strong>in</strong>g an entrepreneur<br />

often <strong>in</strong>volves much risk.”<br />

Track records <strong>in</strong>dicate that the hot<br />

and current bus<strong>in</strong>ess term “startup”<br />

was hatched about 20 years ago, with<br />

the launch of the dot-com era. When<br />

the dot-com bubble burst, it took a lot<br />

of startup casualties, while the bus<strong>in</strong>ess<br />

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bus<strong>in</strong>ess<strong>in</strong>calgary.com | | BUSINESS IN CALGARY January March 2014 •• 375


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38 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


More than a buzzword • Entrepreneurship<br />

There’s so much more to it than<br />

launch<strong>in</strong>g a new service, develop<strong>in</strong>g<br />

new technology, a bright idea or<br />

what the pros call ‘the plan and<br />

pitch approach’: market research<br />

and writ<strong>in</strong>g a bus<strong>in</strong>ess plan to pitch<br />

to potential <strong>in</strong>vestors.<br />

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formula survived and cont<strong>in</strong>ues, even though not all serious<br />

entrepreneurship dreams and plans necessarily <strong>in</strong>volve<br />

<strong>in</strong>dependent startup bus<strong>in</strong>esses. And despite the myth, not<br />

all contemporary startups <strong>in</strong>volve cutt<strong>in</strong>g-edge technology.<br />

The bus<strong>in</strong>ess world has had an entrepreneurial reality<br />

check.<br />

Academics do their practical best to design targeted curriculums<br />

and teach that entrepreneurship is “not” management.<br />

There’s so much more to it than launch<strong>in</strong>g a new service,<br />

develop<strong>in</strong>g new technology, a bright idea or what the pros<br />

call ‘the plan and pitch approach’: market research and writ<strong>in</strong>g<br />

a bus<strong>in</strong>ess plan to pitch to potential <strong>in</strong>vestors.<br />

“Every bus<strong>in</strong>ess still needs the tr<strong>in</strong>ity,” stresses Neutens.<br />

“Technical, market<strong>in</strong>g and f<strong>in</strong>ance.”<br />

Unlike dur<strong>in</strong>g the hotter-than-hot dot-com craze,<br />

today entrepreneurial startups range from tech solutions<br />

to products, services and gadgets and the tim<strong>in</strong>g for true<br />

entrepreneurs couldn’t be better. The world is a now one<br />

seamless, s<strong>in</strong>gle market. Entrepreneurs can (and do) th<strong>in</strong>k<br />

globally about the opportunity, even if they start ‘local.’<br />

Regardless the trend<strong>in</strong>ess of entrepreneurship, today’s startups<br />

are still <strong>in</strong> the first stages of operations and often (not<br />

always) bankrolled by their entrepreneurial founders, as they<br />

work hard to capitalize on develop<strong>in</strong>g a product or service they<br />

passionately believe <strong>in</strong> and trigger market demand.<br />

Besides, North American startup stats show that about one<br />

per cent of all new startups use venture capital. About 90<br />

per cent of today’s successful startups are bootstrap.<br />

<strong>Bus<strong>in</strong>ess</strong> consultants and analysts warn that, due to limited<br />

revenue or high costs, most small-scale startups are not<br />

susta<strong>in</strong>able <strong>in</strong> the long term without additional fund<strong>in</strong>g,<br />

<strong>in</strong>variably from venture capitalists.<br />

Entrepreneurship is conspicuously f<strong>in</strong>d<strong>in</strong>g its way <strong>in</strong>to<br />

conventional corporations. Large or well-established companies<br />

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40 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Entrepreneurship: more than a buzzword • Entrepreneurship<br />

Shashi Behl, Twisted Goods<br />

Troy Sedgwick, REC Media<br />

Susan & Holly Brattberg, Brattberg Group of Companies.<br />

Photos, this page, by Ewan Nicholson Photography<br />

Some still call it entrepreneurial spirit<br />

but many agree that entrepreneurship is an attitude and a m<strong>in</strong>dset.<br />

development, entrepreneurial f<strong>in</strong>ance, customer-focused<br />

design and bus<strong>in</strong>ess development and sett<strong>in</strong>g up <strong>in</strong>ternal<br />

startups – new bus<strong>in</strong>ess divisions that harness the fresh<br />

approach of entrepreneurship but sometimes operate at<br />

arm’s length from the rest of the exist<strong>in</strong>g, structured company.<br />

Entrepreneurship, while it’s be<strong>in</strong>g heard and used more and<br />

more often, is so very much more than a trendy buzzword.<br />

It is not only transform<strong>in</strong>g what is taught <strong>in</strong> bus<strong>in</strong>ess<br />

schools and impact<strong>in</strong>g contemporary bus<strong>in</strong>ess. Some still<br />

call it entrepreneurial spirit but many agree that entrepreneurship<br />

is an attitude and a m<strong>in</strong>dset.<br />

“The current generation is not so focused on <strong>in</strong>come as<br />

much as impact, mak<strong>in</strong>g a change and mak<strong>in</strong>g a difference,”<br />

Neutens says.<br />

From legendary entrepreneurs who created Apple, Google<br />

and Facebook to closer-to-home – the popular Perogy Boyz,<br />

Cheezy Bizness and other clever and delish <strong>Calgary</strong> food<br />

trucks and the gush of many other dynamic and determ<strong>in</strong>ed<br />

<strong>Calgary</strong> entrepreneurs.<br />

Like Shashi Behl, who took a chance on a retail store specializ<strong>in</strong>g<br />

<strong>in</strong> quirky, orig<strong>in</strong>al, different but really neat stuff<br />

and now boasts five busy and successful Twisted Goods<br />

retail stores.<br />

Or Troy Sedgwick and his unique, <strong>Calgary</strong>-based REC<br />

Media ad agency, specializ<strong>in</strong>g <strong>in</strong> sell<strong>in</strong>g advertis<strong>in</strong>g <strong>in</strong><br />

community hockey r<strong>in</strong>ks, ice surfaces, arenas, soccer and<br />

baseball fields and rec facilities throughout Canada.<br />

<strong>Calgary</strong> sisters and <strong>in</strong>novative entrepreneurs Susan and<br />

Holly Brattberg, who cont<strong>in</strong>ue to revolutionize global<br />

e-learn<strong>in</strong>g.<br />

And the other gung-ho entrepreneurs who have or will<br />

soon parlay their entrepreneurial bright idea <strong>in</strong>to a viable<br />

bus<strong>in</strong>ess. BiC<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 41


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dynamic calgary Entrepreneur • cover<br />

The Hectic<br />

but Gung-ho Life of a<br />

Dynamic <strong>Calgary</strong><br />

Entrepreneur<br />

Golf courses are an asset-based bus<strong>in</strong>ess, and they’re not mak<strong>in</strong>g any more land<br />

BY JOHN HARDY<br />

Barry Ehlert at the Hamptons Golf Club. Photo by Ewan Nicholson Photography.<br />

While <strong>Calgary</strong>’s oil and gas <strong>in</strong>dustry vigorously<br />

tries to reduce its carbon footpr<strong>in</strong>t, gung-ho <strong>Calgary</strong><br />

entrepreneur Barry Ehlert <strong>in</strong>creases his golf<br />

shoe pr<strong>in</strong>t.<br />

After all, what’s more therapeutic <strong>in</strong> March than to th<strong>in</strong>k,<br />

talk and read about golf?<br />

While wishful th<strong>in</strong>k<strong>in</strong>g and daydream<strong>in</strong>g is always good,<br />

especially <strong>in</strong> an area like <strong>Calgary</strong> with a four- to (maximum)<br />

five-month golf season, March is unfortunately too early<br />

and premature to th<strong>in</strong>k about fun stuff like tee times, new<br />

drivers, perfect<strong>in</strong>g sw<strong>in</strong>gs and hang<strong>in</strong>g out at the 19 th hole.<br />

By all rights, brows<strong>in</strong>g a def<strong>in</strong>ition of “dynamic” should have<br />

a picture of <strong>Calgary</strong> golf course entrepreneur, Barry Ehlert.<br />

But Wikipedia only has words: “vigorously active or<br />

forceful; energetic; cont<strong>in</strong>uous change or activity; force of<br />

personality, ambition, energy, and new ideas.”<br />

All appropriate descriptions of Barry Ehlert.<br />

In hard-core corporate detail, Ehlert is the president of<br />

Scratch Golf. He shrugs and chuckles that his company is neither<br />

high profile or well known. “In fact, it probably doesn’t<br />

r<strong>in</strong>g any bells with most people.” Scratch Golf (and Ehlert) are<br />

<strong>in</strong> the bus<strong>in</strong>ess of the golf bus<strong>in</strong>ess and are much better known<br />

by their popular <strong>Calgary</strong> brands than a formal corporate name.<br />

The high-energy and passionate 35-year-old <strong>Calgary</strong><br />

entrepreneur is owner and manag<strong>in</strong>g partner of the Hamptons<br />

Golf Club, Spr<strong>in</strong>gbank L<strong>in</strong>ks, Boulder Creek Golf<br />

Course, Harvest Hills Golf Course, Silverw<strong>in</strong>g L<strong>in</strong>ks, the new<br />

7,585-yard Copithorne Club (which will soon be break<strong>in</strong>g<br />

ground <strong>in</strong> Spr<strong>in</strong>gbank), the Wilderness Club <strong>in</strong> Montana,<br />

also manages the Northern Bear Golf Club <strong>in</strong> Edmonton and<br />

he is busy work<strong>in</strong>g on a few possible deals he excitedly gr<strong>in</strong>s<br />

but refuses to talk about.<br />

44 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


dynamic calgary Entrepreneur • cover<br />

Top: the Wilderness Club <strong>in</strong> Montana<br />

Bottom left: Boulder Creek Golf Course <strong>in</strong> <strong>Calgary</strong><br />

Bottom right: Northern Bear Golf Club <strong>in</strong> Edmonton<br />

The stereotypes of manicured, roll<strong>in</strong>g green hills dotted<br />

with glar<strong>in</strong>g white bunkers, clusters of trees and sprawl<strong>in</strong>g,<br />

open countrysides spotted with foursomes of casually<br />

dressed people, relaxed, walk<strong>in</strong>g or bounc<strong>in</strong>g along <strong>in</strong> a cart,<br />

enjoy<strong>in</strong>g summer days, good company and celebrat<strong>in</strong>g good<br />

putts camouflage the demand<strong>in</strong>g, unpredictable and complicated<br />

bus<strong>in</strong>ess of golf.<br />

As Canadian golf and golf course stats – and Barry<br />

Ehlert’s calendar – solidly prove, be<strong>in</strong>g a successful golf<br />

course owner and manag<strong>in</strong>g partner <strong>in</strong> the big bus<strong>in</strong>ess of<br />

golf is very much a year-round bus<strong>in</strong>ess.<br />

Despite realities and quirky bus<strong>in</strong>ess factors like Canadian<br />

w<strong>in</strong>ters creat<strong>in</strong>g five to eight long months of down time and<br />

mislead<strong>in</strong>gly uneventful off-season lulls, Canada still manages<br />

to impressively rate as a documented golf hot spot with<br />

more than 2,400 places (from driv<strong>in</strong>g ranges to public and<br />

private courses) where the sacred seasonal game is played.<br />

A remarkable bus<strong>in</strong>ess performance, consider<strong>in</strong>g that <strong>in</strong><br />

just about six or so months of actual play, the bus<strong>in</strong>ess of<br />

golf accounts for some $12 billion of Canada’s gross domestic<br />

product (GDP) and – seasonal or not – Canadian golf operations<br />

are a major employer, <strong>in</strong>volv<strong>in</strong>g some 342,000 jobs.<br />

Last year, from balmy Victoria to cold and long-w<strong>in</strong>ter<br />

places like Newfoundland, Edmonton and <strong>Calgary</strong>, 5.7 million<br />

Canadians played over 70 million rounds of golf.<br />

Detailed bus<strong>in</strong>ess data comparisons show that – even<br />

compar<strong>in</strong>g to the mega-hyped popularity of golf <strong>in</strong> the U.S.<br />

– Canadian golfers are a determ<strong>in</strong>ed bunch and the numbers<br />

show that Canada has (by far) the largest per capita golf<br />

participation rate <strong>in</strong> the world.<br />

This time of year – at least a month or more before actually<br />

slipp<strong>in</strong>g <strong>in</strong>to the shoes and stash<strong>in</strong>g the bulky bag<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 45


dynamic calgary Entrepreneur • cover<br />

Top: Spr<strong>in</strong>gbank L<strong>in</strong>ks<br />

Bottom left: Silverw<strong>in</strong>g L<strong>in</strong>ks<br />

Bottom right: Hamptons Golf Club<br />

permanently <strong>in</strong> the trunk (just <strong>in</strong> case) or l<strong>in</strong><strong>in</strong>g up tee shots<br />

and replac<strong>in</strong>g divots – it’s all about the bus<strong>in</strong>ess of golf.<br />

The negotiations, bus<strong>in</strong>ess plans, dealmak<strong>in</strong>g, meet<strong>in</strong>gs,<br />

and prepp<strong>in</strong>g and more plann<strong>in</strong>g; yield management strategies<br />

for revenue expectations; sales strategies to optimize<br />

facility usage by pitch<strong>in</strong>g for <strong>Calgary</strong> banquets, sem<strong>in</strong>ars,<br />

team build<strong>in</strong>g and corporate days, and wedd<strong>in</strong>g receptions;<br />

and staff tra<strong>in</strong><strong>in</strong>g on merchandise, retail sell<strong>in</strong>g and stock<br />

level management.<br />

And before Barry Ehlert knows it, he will be crunch<strong>in</strong>g<br />

daily, weekly and monthly Hamptons, Spr<strong>in</strong>gbank, Boulder<br />

Creek, Harvest Hills and Silverw<strong>in</strong>g numbers, mak<strong>in</strong>g visits<br />

<strong>in</strong> the mud as Copithorne takes shape this spr<strong>in</strong>g and cross<strong>in</strong>g<br />

f<strong>in</strong>gers and hop<strong>in</strong>g for perfect sunny days and ra<strong>in</strong> only<br />

at night.<br />

By the time <strong>Calgary</strong> golfers are happily <strong>in</strong>to the season,<br />

grunt<strong>in</strong>g about their sw<strong>in</strong>g and celebrat<strong>in</strong>g amaz<strong>in</strong>g putts,<br />

Ehlert will still be juggl<strong>in</strong>g 12-15 hour days of meet<strong>in</strong>gs,<br />

endless cellphone sessions, negotiations and manag<strong>in</strong>g the<br />

short- and long-term golf and non-golf bus<strong>in</strong>ess matters of<br />

his popular <strong>Calgary</strong> area golf properties.<br />

“The golf bus<strong>in</strong>ess is a passion. I genu<strong>in</strong>ely love it,” he<br />

says with <strong>in</strong>fectious, trademark enthusiasm. “Sounds crazy<br />

but it’s k<strong>in</strong>d of a sexy, excit<strong>in</strong>g and fun bus<strong>in</strong>ess to be <strong>in</strong>. It’s<br />

a bus<strong>in</strong>ess that’s all about be<strong>in</strong>g with people, people enjoy<strong>in</strong>g<br />

themselves and hav<strong>in</strong>g a good time. And there is a lot of<br />

bus<strong>in</strong>ess done on a golf course.<br />

“If the goal is solely profit, golf is the wrong bus<strong>in</strong>ess.<br />

There are much higher profit-yield bus<strong>in</strong>esses. Golf courses<br />

are not cash-flow valued,” he expla<strong>in</strong>s. “Own<strong>in</strong>g and manag<strong>in</strong>g<br />

golf courses is demand<strong>in</strong>g but very, very reward<strong>in</strong>g.<br />

“Golf courses are def<strong>in</strong>itely niche bus<strong>in</strong>esses and assetbased<br />

bus<strong>in</strong>esses. If managed efficiently, own<strong>in</strong>g and<br />

operat<strong>in</strong>g golf courses is a strong bus<strong>in</strong>ess and a great way<br />

to make a liv<strong>in</strong>g, <strong>in</strong> the long run.<br />

“Hey! Cliché or not,” Ehlert snaps with keen bus<strong>in</strong>ess<br />

savvy laced with a sharp wit, “they are NOT mak<strong>in</strong>g any<br />

more land.”<br />

Like CEOs of conventional bus<strong>in</strong>esses, golf course owner/<br />

operators like Barry Ehlert are not likely to talk openly about<br />

budgets, revenues or expenses.<br />

“It’s cheaper to buy a golf course than build one,” he grunts<br />

a laugh, without a h<strong>in</strong>t of ongo<strong>in</strong>g deals or divulg<strong>in</strong>g any<br />

property acquisition strategy. “One th<strong>in</strong>g is for sure. It is gett<strong>in</strong>g<br />

much easier to acquire golf courses than it has been.”<br />

Without <strong>Calgary</strong> specifics and strictly accord<strong>in</strong>g to North<br />

American <strong>in</strong>dustry stats, the cost of own<strong>in</strong>g and operat<strong>in</strong>g<br />

just one, 18-hole golf course facility depends on various<br />

key bus<strong>in</strong>ess factors like: location; seasonal or year-round;<br />

private, semi-private or public; number of staff/payroll;<br />

market<strong>in</strong>g; ma<strong>in</strong>tenance and capital expenses; membership<br />

or annual revenue figures; the viability of club facilities<br />

for non-golf event use (like wedd<strong>in</strong>gs, meet<strong>in</strong>gs and conferences);<br />

and the extent of the club’s food and beverage<br />

operations can easily set operat<strong>in</strong>g costs from $600,000 <strong>in</strong>to<br />

millions of dollars a year.<br />

46 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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An ExitSMART succession plan can help you take care of your family, f<strong>in</strong>ances and stakeholders when you’re ready to move on from your bus<strong>in</strong>ess.<br />

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To ExitSMART, contact Dave Zimmel, CA at 403.537.8416 or dave.zimmel@mnp.ca<br />

ExitSMART.ca


dynamic calgary Entrepreneur • cover<br />

Barry discusses upcom<strong>in</strong>g plans with Kev<strong>in</strong> Heise, general manager of Spr<strong>in</strong>gbank L<strong>in</strong>ks Golf Club. Photo by Ewan Nicholson Photography.<br />

Professional groups like the National Golf Course Owners<br />

Association of Canada (NGCOA), a not-for-profit trade<br />

association provid<strong>in</strong>g bus<strong>in</strong>ess support to Canadian golf<br />

course operators, expla<strong>in</strong>s and underscores that no matter<br />

how complex or simple the bus<strong>in</strong>ess plan, balance sheets<br />

and actual performance – from six digits or <strong>in</strong>to the doubledigit<br />

millions – the basics of the golf course bus<strong>in</strong>ess mostly<br />

(not exclusively) come down to rounds played.<br />

Aside from the detailed bus<strong>in</strong>ess and operational plans<br />

and budgets, the simplified formula is straightforward:<br />

[# rounds played] X [$ per golfer] for greens fees, carts,<br />

food and beverage and merchandise.<br />

It’s the make it or break it factor for the bus<strong>in</strong>ess of golf.<br />

Any extras or bonuses, like facility rentals for special events,<br />

are additional revenues.<br />

The golf bus<strong>in</strong>ess – from <strong>Calgary</strong>’s Hamptons or Spr<strong>in</strong>gbank<br />

L<strong>in</strong>ks to Florida and Palm Spr<strong>in</strong>gs – is vibrant but deal<strong>in</strong>g<br />

with typical bus<strong>in</strong>ess factors like <strong>in</strong>creas<strong>in</strong>g costs, razor-th<strong>in</strong><br />

marg<strong>in</strong>s and (unique to the bus<strong>in</strong>ess of golf) the weather and<br />

trend-reliant factors that impact total rounds played.<br />

The <strong>in</strong>dustry is unanimous. Now more than ever, bus<strong>in</strong>ess<br />

savvy and efficient management of golf courses is the key.<br />

And Barry Ehlert’s approach is prov<strong>in</strong>g to be a <strong>Calgary</strong> template<br />

and Midas touch.<br />

“I have grown up <strong>in</strong> the golf course bus<strong>in</strong>ess and learn<strong>in</strong>g<br />

the golf course bus<strong>in</strong>ess. I am fortunate to be third generation,<br />

always <strong>in</strong> <strong>Calgary</strong>, work<strong>in</strong>g <strong>in</strong> the bus<strong>in</strong>ess.<br />

“Th<strong>in</strong>gs have changed and cont<strong>in</strong>ue to change so quickly.<br />

As crazy as it sounds,” he smiles and cr<strong>in</strong>ges, “our core<br />

bus<strong>in</strong>ess is not golf. It’s enterta<strong>in</strong>ment. We’re compet<strong>in</strong>g for<br />

people’s recreational spend<strong>in</strong>g with the Flames, the Stampeders,<br />

restaurants, movies and more.<br />

“We have created a successful niche bus<strong>in</strong>ess here <strong>in</strong><br />

<strong>Calgary</strong> and own<strong>in</strong>g multiple courses actually makes the<br />

management potential more effective. We have a foundation,<br />

an <strong>in</strong>frastructure and it allows us to centralize many<br />

of our management functions, like market<strong>in</strong>g, account<strong>in</strong>g<br />

and bookkeep<strong>in</strong>g systems, as well as develop<strong>in</strong>g good revenue<br />

streams and new concepts at all properties. Operations<br />

are, of course, specific and <strong>in</strong>dividual to each course,” Ehlert<br />

po<strong>in</strong>ts out.<br />

“It’s not only a matter of <strong>in</strong>creas<strong>in</strong>g revenues and cost sav<strong>in</strong>gs<br />

but efficiency. Besides, own<strong>in</strong>g a s<strong>in</strong>gle course can have<br />

many unknowns. Own<strong>in</strong>g and manag<strong>in</strong>g multiple courses<br />

can be challeng<strong>in</strong>g but def<strong>in</strong>itely has its advantages.”<br />

Barry Ehlert is supercharged, focused, bold (not brash) but<br />

also candid and <strong>in</strong>trospective.<br />

“At the beg<strong>in</strong>n<strong>in</strong>g I had a tough time acknowledg<strong>in</strong>g one<br />

big obstacle to bus<strong>in</strong>ess success: th<strong>in</strong>k<strong>in</strong>g I can do everyth<strong>in</strong>g<br />

and do it better than anyone else. I was reluctant to<br />

48 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


dynamic calgary Entrepreneur • cover<br />

Barry and his wife Kathy with their children (left to right) Macy, Myles, Tommy and Kyla. Photo by Ewan Nicholson Photography.<br />

delegate and I didn’t trust people. In my m<strong>in</strong>d I was sure I<br />

was do<strong>in</strong>g th<strong>in</strong>gs better. I was wrong. I was just do<strong>in</strong>g th<strong>in</strong>gs<br />

differently, not necessarily better.<br />

“Now I have more than 400 staff and they are terrific. I trust<br />

them, I rely on them and I can only hope my energy and enthusiasm<br />

rubs off on them. It’s crucially important that they not<br />

only feel empowered but that they enjoy what they do.”<br />

Despite admitt<strong>in</strong>g to “liv<strong>in</strong>g out of a laptop” and be<strong>in</strong>g<br />

on his cellphone for most of his 12- to 15-hour <strong>Calgary</strong><br />

workdays, Ehlert is a tireless, focused and self-confessed<br />

multi-tasker who also works hard at ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g balance <strong>in</strong><br />

his gung-ho life.<br />

“I can’t fight it. I’m an entrepreneur at heart. I work hard<br />

at be<strong>in</strong>g strategic and creative but it rarely stops. I can’t<br />

turn it off so easily,” he says with mellow sentiment. “I’m<br />

def<strong>in</strong>itely an even<strong>in</strong>g type. It’s when the emails and phone<br />

calls stop – but I don’t.<br />

“I th<strong>in</strong>k and make notes about deals I’m negotiat<strong>in</strong>g,<br />

about creative market<strong>in</strong>g possibilities or how we could utilize<br />

that 30,000-square-foot clubhouse asset smarter and<br />

better. Maybe pitch it at the upcom<strong>in</strong>g bridal show.”<br />

Ehlert good-naturedly bristles and abruptly denies be<strong>in</strong>g<br />

a workaholic.<br />

“Of course we keep grow<strong>in</strong>g and build<strong>in</strong>g on our success.<br />

There’s always more to be done and better ways to do it. Part<br />

of the problem is that it’s really not work, it’s my life,” he<br />

says with conviction. “And I am determ<strong>in</strong>ed to keep it prioritized,<br />

because there are four important aspects to my life.<br />

“Family is absolutely number one. My immediate family<br />

is four terrific kids (one, three, five and 11) and a remarkable<br />

wife. Be<strong>in</strong>g home to put the kids to bed is unconditionally<br />

top priority. And my parents, my three sisters, one brother<br />

and 30 nieces and nephews are an extremely close family<br />

and we have such good times together.<br />

“Then church,” he cont<strong>in</strong>ues the short list. “Then the Dallas<br />

Cowboys” – a hobby/ passion Ehlert acquired early <strong>in</strong> his<br />

career, after gett<strong>in</strong>g his bus<strong>in</strong>ess degree <strong>in</strong> entrepreneurship<br />

and briefly work<strong>in</strong>g <strong>in</strong> the furniture bus<strong>in</strong>ess <strong>in</strong> Texas. “The<br />

Cowboys are a very important part of my life.<br />

“And then the golf courses.”<br />

So as Barry Ehlert keeps his hectic bus<strong>in</strong>ess-of-golf pace,<br />

ready<strong>in</strong>g to cl<strong>in</strong>ch more deals and, together with his 400<br />

<strong>Calgary</strong> staffers, anxiously waits for the end of <strong>Calgary</strong> w<strong>in</strong>ter<br />

and the Hamptons, Spr<strong>in</strong>gbank, Boulder Creek, Harvest<br />

Hills and Silverw<strong>in</strong>g turf to properly dry out and be playable,<br />

wait<strong>in</strong>g for the legals and the permits so the dozers can<br />

start on the new Copithorne course, he does have a dream:<br />

“To one day work for or volunteer for the Dallas Cowboys.<br />

Even as a water boy!” BiC<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 49


alberta: Upgraded • Energy<br />

3D Ref<strong>in</strong>ery Model<br />

Alberta: Upgraded<br />

Everyth<strong>in</strong>g you wanted to know about the<br />

north West redwater Partnership’s ref<strong>in</strong>ery <strong>in</strong> sturgeon County<br />

BY NERISSA MCNAUGHTON<br />

There is someth<strong>in</strong>g big go<strong>in</strong>g on<br />

<strong>in</strong> Alberta’s heartland. Alberta<br />

has built several upgraders <strong>in</strong><br />

the past, but the Surgeon ref<strong>in</strong>ery is<br />

the first <strong>in</strong> approximately 30 years.<br />

With new technology and the <strong>in</strong>troduction<br />

of several green processes,<br />

the ref<strong>in</strong>ery is poised to be a triumph<br />

<strong>in</strong> Alberta’s energy sector. Yet, this<br />

multi-year, multi-billion dollar project<br />

is not without its challenges, or<br />

its misconceptions. Follow<strong>in</strong>g is what<br />

you should know about the project<br />

and its anticipated impact on a local<br />

and national scale.<br />

Who is <strong>in</strong>volved?<br />

The North West Redwater Partnership<br />

(NWR) is comprised of North West<br />

Upgrad<strong>in</strong>g Inc. (NWU) and Canadian<br />

Natural Resources Limited (CNRL).<br />

Both organizations have a 50 per cent<br />

stake <strong>in</strong> the partnership.<br />

NWR has and will cont<strong>in</strong>ue to employ<br />

a variety of contactors for the many different<br />

process areas of the first phase of<br />

the project. To date, most of the contracts<br />

have been for jobs related to mass<br />

earthworks, deep undergrounds, nonprocess<br />

build<strong>in</strong>gs, pipel<strong>in</strong>es, and site<br />

<strong>in</strong>frastructure. Notable contractors for<br />

this work <strong>in</strong>clude Voice Construction,<br />

PCL, CCI, Willbros and Taurus Site<br />

Services. Contracts are currently be<strong>in</strong>g<br />

awarded for eng<strong>in</strong>eer<strong>in</strong>g, procurement<br />

and construction of the various process<br />

units.<br />

Don’t Call it an Upgrader<br />

For many, the project is simply<br />

known as the “Redwater Upgrader.”<br />

The term upgrader, however, is mislead<strong>in</strong>g.<br />

Doug Bertsch, vice president<br />

with the North West Redwater Partnership<br />

(NWR) expla<strong>in</strong>s, “An upgrader<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 53


alberta: Upgraded • Energy<br />

NWR will capture 1.2 million tonnes of CO2 per year from Phase 1<br />

of the ref<strong>in</strong>ery, equivalent to tak<strong>in</strong>g approximately 300,000 cars off the road.<br />

The ref<strong>in</strong>ery will also m<strong>in</strong>imize its fresh water use with the use of lead<strong>in</strong>g<br />

water treatment technologies, allow<strong>in</strong>g maximized water recycl<strong>in</strong>g with<strong>in</strong><br />

the process, and maximiz<strong>in</strong>g air cool<strong>in</strong>g for process needs.<br />

converts bitumen <strong>in</strong>to synthetic crude<br />

oil that <strong>in</strong> turn becomes the feedstock<br />

for a ref<strong>in</strong>ery which converts synthetic<br />

<strong>in</strong>to diesel. The NWR Sturgeon<br />

Ref<strong>in</strong>ery converts bitumen directly<br />

<strong>in</strong>to ultra-low sulfur diesel, which is<br />

the highest value product that can be<br />

made from bitumen.”<br />

How Will the nWr<br />

sturgeon ref<strong>in</strong>ery<br />

impact albertans?<br />

Ian MacGregor, chairman and CEO of<br />

North West Upgrad<strong>in</strong>g (NWU) expla<strong>in</strong>s<br />

the long-term economic impact, “A<br />

ref<strong>in</strong>ery like this lasts for 100 years.<br />

You have to keep replac<strong>in</strong>g and build<strong>in</strong>g<br />

new th<strong>in</strong>gs, but the economic<br />

activity lasts for a very long time. [We<br />

expect the facility to generate] more<br />

than $3 trillion of economic activity<br />

<strong>in</strong> Alberta over its life. One small<br />

example of why it’s good for Alberta<br />

to have these types of facilities here is<br />

property taxes; we will pay will pay<br />

about $2 billion <strong>in</strong> property taxes over<br />

its life.” Obviously, the economic benefits<br />

of convert<strong>in</strong>g bitumen are a lot<br />

more than property taxes.<br />

As Bertsch po<strong>in</strong>ts out, the value to<br />

Alberta extends deep <strong>in</strong>to the landscape<br />

– literally. “By us<strong>in</strong>g the most<br />

environmentally conscious processes<br />

to m<strong>in</strong>imize waste and emissions,<br />

NWR will set the environmental gold<br />

standard and demonstrate to the world<br />

that Albertans can be environmentally<br />

responsible stewards of the oil<br />

sands resource, ensur<strong>in</strong>g its susta<strong>in</strong>able<br />

development. The s<strong>in</strong>gle-step,<br />

bitumen-to-diesel process will move<br />

bitumen as high up the value cha<strong>in</strong> as<br />

possible, significantly enhanc<strong>in</strong>g the<br />

economic return to Alberta’s economy.<br />

To illustrate, if the NWR Sturgeon<br />

Ref<strong>in</strong>ery had been operational last<br />

year, the Government of Alberta would<br />

have benefited by an additional $500<br />

million over shipp<strong>in</strong>g raw bitumen.<br />

That additional economic activity<br />

keeps the value here and the taxes and<br />

additional revenue can help to pay for<br />

schools, health care, and other th<strong>in</strong>gs<br />

that Albertans need. Transferr<strong>in</strong>g this<br />

economic activity down the pipe just<br />

doesn’t make sense for Alberta.<br />

54 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Alberta: Upgraded • Energy<br />

“Although the Sturgeon Ref<strong>in</strong>ery is<br />

be<strong>in</strong>g constructed <strong>in</strong> Alberta, a significant<br />

amount of the project capital<br />

will be spent procur<strong>in</strong>g materials and<br />

services from other prov<strong>in</strong>ces. The<br />

socio-economic benefits to Albertans<br />

and Canadians from the construction<br />

and expected long operational life of<br />

the Sturgeon Ref<strong>in</strong>ery will be many<br />

billions of dollars.”<br />

The NWR Sturgeon<br />

Ref<strong>in</strong>ery Is Eco-Friendly<br />

“The s<strong>in</strong>gle-step bitumen to diesel<br />

process be<strong>in</strong>g used by NWR maximizes<br />

the conversion of the bitumen<br />

resource and m<strong>in</strong>imizes waste or low<br />

value products such as coke. The process<br />

produces a high-purity CO 2<br />

stream<br />

that is a feedstock for downstream<br />

<strong>in</strong>dustries,” expla<strong>in</strong>s Bertsch. “Because<br />

we capture high-purity CO 2<br />

stream<br />

from the gasifier (about two-thirds of<br />

the CO 2<br />

from the facility) the diesel<br />

fuel produced will meet low-carbon<br />

fuel standards. NWR will capture 1.2<br />

million tonnes of CO 2<br />

per year from<br />

Phase 1 of the ref<strong>in</strong>ery, equivalent to<br />

tak<strong>in</strong>g approximately 300,000 cars off<br />

the road. The ref<strong>in</strong>ery will also m<strong>in</strong>imize<br />

its fresh water use with the use of<br />

lead<strong>in</strong>g water treatment technologies,<br />

allow<strong>in</strong>g maximized water recycl<strong>in</strong>g<br />

with<strong>in</strong> the process, and maximiz<strong>in</strong>g<br />

air cool<strong>in</strong>g for process needs.”<br />

MacGregor agrees, “Gasification<br />

means we don’t consume natural gas.<br />

We convert the bottom of the barrel<br />

that is pretty much worthless <strong>in</strong>to<br />

high-value hydrogen. Our process is a<br />

really environmentally friendly solution<br />

to bitumen production. If you do<br />

what we do, our bitumen feedstock<br />

goes from be<strong>in</strong>g one of the worst from<br />

CO 2<br />

to the best.” MacGregor cont<strong>in</strong>ues,<br />

“Mak<strong>in</strong>g diesel here <strong>in</strong> Alberta will<br />

avoid the annual shortages that have<br />

become a regular part of life. By them<br />

mak<strong>in</strong>g 40,000 barrels a day <strong>in</strong> phase<br />

one, we will solve the problem.”<br />

Money is an Issue<br />

Any project of this size runs the<br />

risk of overshoot<strong>in</strong>g the f<strong>in</strong>ancial<br />

cont<strong>in</strong>gency, and the NWR Sturgeon<br />

Ref<strong>in</strong>ery is no exception. But as<br />

MacGregor states with a laugh, “Our<br />

costs have gone up a lot. We’ve been<br />

work<strong>in</strong>g on this for 10 years. There<br />

is always someone squawk<strong>in</strong>g somewhere!”<br />

What he means is that there<br />

is always opposition when the media<br />

breaks news about the <strong>in</strong>creased costs<br />

of the ref<strong>in</strong>ery. However, these costs<br />

are not reported <strong>in</strong> l<strong>in</strong>e with the overall<br />

project scope.<br />

In admitt<strong>in</strong>g the project is over<br />

budget, MacGregor cont<strong>in</strong>ues, “Both<br />

CNRL and the prov<strong>in</strong>ce have provided<br />

more support, approximately $300<br />

million each as a loan. That caused<br />

some squawk<strong>in</strong>g because it’s a big<br />

cost, but it is $300 million <strong>in</strong> an $8<br />

billion project. People aren’t focus<strong>in</strong>g<br />

on the marg<strong>in</strong>s. It’s easy to focus<br />

on costs and ignore revenues, but<br />

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bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 55


alberta: Upgraded • Energy<br />

For MacGregor, the benefits that get overlooked <strong>in</strong>clude job creation.<br />

There are 1,000 – 1,500 work<strong>in</strong>g on the project right now and when field<br />

construction starts, that number will approximate 5,000.<br />

it makes sense to look at both at the<br />

same time. [For example], we tendered<br />

on an Alberta Government <strong>in</strong>itiative<br />

called bitumen-royalty-<strong>in</strong>-k<strong>in</strong>d. We<br />

won the tender and that resulted <strong>in</strong><br />

a contract to process 37,500 barrels/<br />

day of royalty bitumen. When we<br />

tendered, the marg<strong>in</strong> was about $10<br />

per barrel. In the last year, it’s been<br />

averag<strong>in</strong>g $50/barrel. The prov<strong>in</strong>ce<br />

receives that extra revenue.”<br />

For MacGregor, the benefits that<br />

get overlooked <strong>in</strong>clude job creation.<br />

There are 1,000 – 1,500 work<strong>in</strong>g on<br />

the project right now and when field<br />

construction starts, that number will<br />

approximate 5,000. “This project is<br />

close to Edmonton; you can work at<br />

this site and sleep <strong>in</strong> your own bed at<br />

night,” MacGregor expla<strong>in</strong>s that if the<br />

subsequent two phases of the project<br />

are built, jobs will be created that can<br />

run for more than 10 years. “It’s the<br />

people <strong>in</strong> Edmonton who will do this.<br />

We are not br<strong>in</strong>g<strong>in</strong>g <strong>in</strong> a big transitory<br />

work force and putt<strong>in</strong>g them <strong>in</strong><br />

a camp. We’ll be work<strong>in</strong>g with people<br />

that can go home at night and see<br />

their kids <strong>in</strong> the morn<strong>in</strong>g.<br />

albertans are Excited<br />

about the ref<strong>in</strong>ery<br />

Reg Curren, with media relations<br />

for Cenovus Energy Inc., states that<br />

despite Cenovus’ decision to <strong>in</strong>vest <strong>in</strong><br />

ref<strong>in</strong>eries closer to their ma<strong>in</strong> markets<br />

<strong>in</strong> the United States, “Overall we view<br />

the addition of upgrad<strong>in</strong>g capacity<br />

<strong>in</strong> Alberta as a positive move for the<br />

entire oil sands <strong>in</strong>dustry.”<br />

Bertsch, who po<strong>in</strong>ts out that NWR<br />

is an active participant <strong>in</strong> regional<br />

community advisory panels, economic<br />

development groups and multi-stakeholder<br />

environmental <strong>in</strong>itiatives is<br />

pleased to say, “Our experience is that<br />

the general public welcomes NWR’s<br />

responsible approach to build<strong>in</strong>g this<br />

ref<strong>in</strong>ery. The consistent theme is one<br />

of welcome and excitement for the<br />

opportunities created by this project.”<br />

the Decisions of today<br />

affect alberta’s Future<br />

The NWR Redwater Upgrader is a<br />

large part of Alberta’s future as an<br />

energy-centred economic powerhouse.<br />

“It’s true, Alberta is an expensive to<br />

build it,” concludes MacGregor, “but<br />

it’s expensive because the revenue is<br />

here. It’s not smart to transfer benefits<br />

or jobs to other locations like the Gulf<br />

Coast. I really believe we shouldn’t be<br />

sell<strong>in</strong>g our raw materials of any sort to<br />

foreign nationals. We should be process<strong>in</strong>g<br />

them here and sell<strong>in</strong>g f<strong>in</strong>ished<br />

products to whomever wants them. It’s<br />

difficult, but worthwhile.” BiC<br />

56 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


solid: calgary’s Market • Commercial Real Estate<br />

SOLID:<br />

<strong>Calgary</strong>’s Commercial<br />

Real Estate Market<br />

<strong>Calgary</strong> is well on its way to earn<strong>in</strong>g the rank<strong>in</strong>g of an<br />

<strong>in</strong>ternational market<br />

BY ParkEr Grant<br />

Commercial real estate <strong>in</strong> <strong>Calgary</strong> isn’t exactly the cliché of apples and oranges but it’s close.<br />

Commercial real estate <strong>in</strong> <strong>Calgary</strong> is virtually one <strong>in</strong>dustry with four dist<strong>in</strong>ctly different<br />

divisions. And the ups and downs, the highs and lows, the performance results, the impact<strong>in</strong>g<br />

<strong>in</strong>fluences and the focus of the professionals, rarely, if ever, overlap.<br />

Although most <strong>Calgary</strong>-based commercial real estate professionals have expertise <strong>in</strong> all aspects<br />

of the commercial real estate market, even they consider it as four dist<strong>in</strong>ctly different portfolios:<br />

<strong>in</strong>dustrial, office, retail and <strong>in</strong>vestment.<br />

The situations are dist<strong>in</strong>ctly different. The supply and demand are different. The rates, terms and<br />

market factors are different. And, most importantly, the wants and needs of the clients are entirely<br />

different.<br />

<strong>Calgary</strong>’s <strong>in</strong>dustrial clients have drastically different needs and space requirements than office<br />

tenants. Retail clients are <strong>in</strong> a special commercial real estate category of their own. And the strategy<br />

of <strong>Calgary</strong> real estate <strong>in</strong>vestors is also unique.<br />

In any given period, <strong>in</strong> any of the four commercial real estate categories, it could be a weak<br />

market, a lull, a stable market or a grow<strong>in</strong>g, strong and boom market. Each specific market situation<br />

– at any given time – depends on many variables.<br />

Photo courtesy of Colliers International<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 57


solid: calgary’s Market • Commercial Real Estate<br />

Photo courtesy of Colliers International<br />

Overall, Canadian and Alberta stats and sources agree that<br />

<strong>Calgary</strong>’s commercial real estate market is solid, despite (from<br />

the 2008 jolt, the natural gas price crunch to anxiously wait<strong>in</strong>g<br />

for a Keystone verdict) weather<strong>in</strong>g a bumpy eight years of<br />

national, prov<strong>in</strong>cial and global economic challenges.<br />

“In most of <strong>Calgary</strong>’s commercial real estate (<strong>in</strong>dustrial,<br />

office and retail) sectors, there is a consistent, five to eight<br />

per cent vacancy rate. The <strong>in</strong>dustry calls that a basically<br />

‘balanced market’ and that’s a healthy place to be,” is the<br />

upbeat positivity from Susan Thompson, bus<strong>in</strong>ess development<br />

manager, real estate and location, with <strong>Calgary</strong><br />

Economic Development.<br />

“It gives the market space to breathe, grow and expand.<br />

It’s k<strong>in</strong>d of a golden zone for us.”<br />

The <strong>in</strong>dustrial sector details tell a similar, encourag<strong>in</strong>g<br />

and good story.<br />

<strong>Calgary</strong>’s <strong>in</strong>dustrial real estate sector is hot and gett<strong>in</strong>g<br />

hotter (some are actually concerned about land shortages<br />

<strong>in</strong> certa<strong>in</strong> locations) from not only <strong>Calgary</strong>’s oil and gas<br />

Susan Thompson, <strong>Bus<strong>in</strong>ess</strong> Development Manager, Real Estate<br />

& Location with <strong>Calgary</strong> Economic Development<br />

Greg Kwong, executive vice-president and regional manag<strong>in</strong>g<br />

director of CBRE <strong>in</strong> <strong>Calgary</strong><br />

<strong>in</strong>dustry but oilfield services, warehouse, transportation and<br />

distribution bus<strong>in</strong>esses.<br />

A strong leas<strong>in</strong>g market keeps <strong>in</strong>dustrial vacancy levels<br />

low and the availability of large parcels of developable land<br />

<strong>in</strong> most areas cont<strong>in</strong>ues to provide <strong>in</strong>dustrial real estate clients<br />

with plenty of availability and good choices.<br />

Recent commercial real estate numbers show that <strong>Calgary</strong><br />

has now officially surpassed Toronto as the biggest<br />

office development market <strong>in</strong> the country. Due primarily (no<br />

longer exclusively) to the oil and gas <strong>in</strong>dustry and the emergence<br />

of the city’s high-tech, f<strong>in</strong>ancial, environmental and<br />

professional services sectors, <strong>Calgary</strong> has more head offices<br />

than any other Canadian city, except Toronto.<br />

“Office space fluctuates the most,” Thompson says. “Absolute<br />

premium AA space vacancy, predom<strong>in</strong>antly downtown,<br />

is below the <strong>Calgary</strong> average, under three per cent. Most of the<br />

downtown and suburban vacancy is A, B and C class space.”<br />

“In some ways, 2013 was a soft year for <strong>Calgary</strong> office<br />

space. More space came on the market than is be<strong>in</strong>g<br />

absorbed. A big part of the problem is the<br />

oilpatch, still <strong>Calgary</strong>’s dom<strong>in</strong>ant sector. It<br />

has slowed considerably but there are high<br />

hopes for an upsw<strong>in</strong>g and a pipel<strong>in</strong>e decision,”<br />

accord<strong>in</strong>g the Greg Kwong, executive<br />

vice-president and regional manag<strong>in</strong>g director<br />

of CBRE <strong>in</strong> <strong>Calgary</strong>.<br />

The crunched numbers show that the<br />

overall (AA, A and B) office vacancy rate <strong>in</strong><br />

<strong>Calgary</strong> was 7.8 per cent at the end of 2013,<br />

up from 6.6 per cent at the end of last year.<br />

The prime, downtown office market had a<br />

6.1 per cent vacancy rate for year-end 2013,<br />

up from five per cent the year before.<br />

“All <strong>in</strong>dicators are that 2014 will be a<br />

stronger year. Noth<strong>in</strong>g like the glory days<br />

of 2007 and 2012 but a good year,” Kwong<br />

offers the positive and professional hunch.<br />

58 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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403-343-3023


solid: calgary’s Market • Commercial Real Estate<br />

Render<strong>in</strong>g (above) and current development site (below) for the Walmart at East Hills, along 17 th Ave SE.<br />

Photo and render<strong>in</strong>g courtesy of Urban Systems.<br />

“Industrial leas<strong>in</strong>g factors<br />

are vitally important and give<br />

<strong>Calgary</strong> a significant edge…<br />

It’s why Walmart and Target<br />

are strategically tak<strong>in</strong>g even<br />

more <strong>in</strong>dustrial real estate<br />

space <strong>in</strong> <strong>Calgary</strong>.”<br />

~ Paul Marsden<br />

As a generalized pattern, the downtown core office market<br />

tends to target and draw ma<strong>in</strong>ly ‘large tenants’ that<br />

need sprawl<strong>in</strong>g (100,000 - 200,000 square feet) office space,<br />

while prices and smaller square footage needs are keep<strong>in</strong>g<br />

the suburban markets like Quarry Park and others, strong<br />

and grow<strong>in</strong>g.<br />

“<strong>Calgary</strong> is still very much a downtown-centric office real<br />

estate market,” Kwong says from experience. As examples, he<br />

cites traditional office space areas like around Bankers Hall<br />

and good, new supply and demand <strong>in</strong> areas like Eau Claire.<br />

There are some new and trendy office areas like Kens<strong>in</strong>gton<br />

and a few others populated by lawyers, ad agencies,<br />

architects and small high-tech startups but, aside from be<strong>in</strong>g<br />

nice and eclectic, Kwong expla<strong>in</strong>s, they simply don’t have<br />

the size of space many companies require.<br />

In <strong>Calgary</strong>’s office real estate market, anyth<strong>in</strong>g less than<br />

100,000 square feet is often considered <strong>in</strong>significant but<br />

Kwong touches on a quirky, generational aspect to the supply<br />

and demand of contemporary office space.<br />

“When I started <strong>in</strong> the bus<strong>in</strong>ess, some 30 years ago, office<br />

staff measured success and rank by hav<strong>in</strong>g a private office<br />

and the size of the office mattered. The current office generation<br />

is chang<strong>in</strong>g all that. Only presidents and CEO still<br />

expect 400- to 500-square-foot corner offices.<br />

“Today’s office demographics don’t want to be enclosed<br />

<strong>in</strong> a conf<strong>in</strong><strong>in</strong>g little office. They are comfortable but space<br />

conscious. And more and more offices encourage and offer<br />

telecommut<strong>in</strong>g with fewer people work<strong>in</strong>g ‘<strong>in</strong> the office.’<br />

“The trend is def<strong>in</strong>itely to cubicles,” he observes, “which ultimately<br />

factors out for the company to need less office space.”<br />

<strong>Calgary</strong> cont<strong>in</strong>ues to be a magnet for <strong>in</strong>stitutional <strong>in</strong>vestors<br />

like REITS, pension funds and public companies, as well as<br />

private <strong>in</strong>vestors who are attracted to <strong>Calgary</strong>’s commercial<br />

real estate products, often thanks to Alberta’s low corporate<br />

tax rates and the extra break of no prov<strong>in</strong>cial sales tax.<br />

Although <strong>in</strong>vestors gravitate to <strong>Calgary</strong>’s office real estate<br />

sector, they also cont<strong>in</strong>ue to show confidence and <strong>in</strong>vest<br />

heavily <strong>in</strong> <strong>Calgary</strong>’s <strong>in</strong>dustrial and retail markets.<br />

The city’s retail real estate market is <strong>in</strong> a category and<br />

league of its own.<br />

60 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


solid: calgary’s Market • Commercial Real Estate<br />

Paul Marsden, vice president / partner - <strong>in</strong>dustrial sales and<br />

leas<strong>in</strong>g with Colliers International<br />

Mostly as a result of <strong>Calgary</strong>’s enviably<br />

high employment and <strong>in</strong>come<br />

levels, and the 36.6 average age be<strong>in</strong>g<br />

<strong>in</strong> the potent demographic range for<br />

retailers, the retail sector has grown<br />

steadily over the past 10 or so years.<br />

The good (retail) news? Not only<br />

do many Canadian cha<strong>in</strong>s often have<br />

several <strong>Calgary</strong> locations but the city<br />

cont<strong>in</strong>ues to draw more and more U.S.<br />

retailers.<br />

The bad news? <strong>Calgary</strong>’s retail<br />

attractiveness is caus<strong>in</strong>g a slight<br />

retail real estate drought with a lack<br />

of desirable, suitable and good retail<br />

space, especially <strong>in</strong> the northwest and<br />

southwest.<br />

Commercial real estate experts and<br />

clients agree. <strong>Calgary</strong>’s <strong>in</strong>dustrial real<br />

estate market is boom<strong>in</strong>g.<br />

The positive momentum of <strong>Calgary</strong>’s<br />

<strong>in</strong>dustrial real estate situation<br />

is spurred primarily by stability and<br />

growth, especially among the key<br />

<strong>in</strong>dustrial real estate clients <strong>in</strong> the<br />

warehouse, transportation, distribution<br />

and manufactur<strong>in</strong>g sectors, and<br />

most usually need expansive space.<br />

A unique bonus is that, unlike most<br />

other Canadian cities, <strong>Calgary</strong> is not<br />

limited by a lack of <strong>in</strong>dustrial land. A<br />

strong leas<strong>in</strong>g market keeps vacancy<br />

levels low while the availability of<br />

large parcels of developable land<br />

ensures a steady source of new supply.<br />

“The <strong>Calgary</strong> numbers show that<br />

2013 was a very good year for <strong>in</strong>dustrial<br />

space and activity for 2014 is<br />

already strong. There’s about 2.5<br />

million square feet of tenants look<strong>in</strong>g<br />

for <strong>in</strong>dustrial space <strong>in</strong> <strong>Calgary</strong>,”<br />

says a confident and buoyant Paul<br />

Marsden, vice president and partner,<br />

<strong>in</strong>dustrial sales and leas<strong>in</strong>g, with<br />

Colliers International.<br />

“A key driver of <strong>in</strong>dustrial space is<br />

consumer confidence. When consumer<br />

confidence is strong, the demand for<br />

warehous<strong>in</strong>g, distribution and manufactur<strong>in</strong>g<br />

space <strong>in</strong>creases,” Marsden<br />

expla<strong>in</strong>s.<br />

“<strong>Calgary</strong> is already considered a<br />

major Canadian distribution centre.<br />

The city’s geographic location is also a<br />

major factor for <strong>in</strong>dustrial real estate.<br />

One of the <strong>in</strong>dustry’s criteria is the<br />

ability to reach a desired population<br />

base (by truck or rail) with<strong>in</strong> a 10-hour<br />

range.”<br />

Also, <strong>in</strong> <strong>in</strong>dustry l<strong>in</strong>go, <strong>Calgary</strong> is<br />

considered an “<strong>in</strong>land port,” with loads<br />

com<strong>in</strong>g from a ship (<strong>in</strong> Vancouver) by<br />

rail, direct to the <strong>Calgary</strong> warehouse.<br />

“Industrial leas<strong>in</strong>g factors like that<br />

are vitally important and give <strong>Calgary</strong><br />

a significant edge. It’s why bus<strong>in</strong>esses<br />

giants like Lowe’s and Nordstrom are<br />

consolidat<strong>in</strong>g warehouse facilities from<br />

other markets <strong>in</strong> <strong>Calgary</strong> and why<br />

Walmart and Target are strategically<br />

tak<strong>in</strong>g even more <strong>in</strong>dustrial real estate<br />

space <strong>in</strong> <strong>Calgary</strong>,” Marsden says with<br />

enthusiasm and a h<strong>in</strong>t of pride.<br />

The news is also good when it comes<br />

to “new space” for <strong>Calgary</strong>.<br />

Accord<strong>in</strong>g to Statistics Canada,<br />

<strong>in</strong>vestment <strong>in</strong> non-residential build<strong>in</strong>g<br />

construction topped $973 million <strong>in</strong><br />

the core area <strong>in</strong> the fourth quarter of<br />

2013, and the positivity further shows<br />

that the amount was a 3.4 per cent<br />

year-over-year ga<strong>in</strong>.<br />

The national trend fares nearly<br />

as well as <strong>Calgary</strong>, with <strong>in</strong>vestment<br />

jump<strong>in</strong>g to $12.9 billion <strong>in</strong> the fourth<br />

quarter, up by only 1.3 per cent from<br />

the same quarter the year before.<br />

<strong>Calgary</strong>’s commercial (<strong>in</strong>dustrial,<br />

office, retail and <strong>in</strong>vestment) real<br />

estate numbers are the true <strong>in</strong>dicators<br />

that <strong>Calgary</strong> is well on its way to earn<strong>in</strong>g<br />

the rank<strong>in</strong>g of – an <strong>in</strong>ternational<br />

market. BiC<br />

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bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 61


Condom<strong>in</strong>iums are<br />

on the Rise<br />

Real estate <strong>in</strong> our city cont<strong>in</strong>ues to be robust<br />

and tighten<strong>in</strong>g <strong>in</strong>ventory <strong>in</strong> the s<strong>in</strong>gle-family<br />

resale market is good news for condom<strong>in</strong>ium<br />

owners and developers<br />

BY HEATHER RAMSAY<br />

The downtown condom<strong>in</strong>ium development of Keynote,<br />

located at 1 st Street SE and 12 th Avenue SE.<br />

Photo by Cher Compton.<br />

62 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


condom<strong>in</strong>iums are on the rise • Real Estate<br />

Residential real estate <strong>in</strong> <strong>Calgary</strong> is big bus<strong>in</strong>ess and<br />

condom<strong>in</strong>ium liv<strong>in</strong>g cont<strong>in</strong>ues to ga<strong>in</strong> popularity.<br />

In addition to location and access to amenities, ease<br />

of ma<strong>in</strong>tenance and enhanced security, affordability is the<br />

primary factor as to why more Calgarians are mov<strong>in</strong>g <strong>in</strong>to<br />

this market.<br />

Overall hous<strong>in</strong>g sales and pric<strong>in</strong>g <strong>in</strong> 2013 exceeded<br />

expectations, with stronger ga<strong>in</strong>s <strong>in</strong> the second half of<br />

the year. Ongo<strong>in</strong>g net migration and improved economic<br />

outlook were direct contributors to the momentum that<br />

pushed sales volumes up by 11 per cent. That equated to a<br />

7.9 per cent <strong>in</strong>crease <strong>in</strong> the average benchmark price.<br />

As pric<strong>in</strong>g began to creep and <strong>in</strong>ventory cont<strong>in</strong>ued to<br />

tighten <strong>in</strong> the s<strong>in</strong>gle-family market, more and more people<br />

turned to condom<strong>in</strong>ium apartments and town houses as<br />

they offered more affordable options and lifestyle choices.<br />

In 2013 the comb<strong>in</strong>ed condo sector contributed to 30.6 per<br />

cent of the resale hous<strong>in</strong>g market, totall<strong>in</strong>g 7,187 units sold.<br />

Ann-Marie Lurie, chief economist with CREB, says the<br />

trend is anticipated to cont<strong>in</strong>ue, although not likely at the<br />

same rates as last year. “We have seen high net migration<br />

over the past two consecutive years as well as employment<br />

growth and overall improvement <strong>in</strong> the economy. There<br />

are a limited number of affordable s<strong>in</strong>gle-family properties<br />

As pric<strong>in</strong>g began to creep and <strong>in</strong>ventory cont<strong>in</strong>ued to tighten<br />

<strong>in</strong> the s<strong>in</strong>gle-family market, more and more people turned to<br />

condom<strong>in</strong>ium apartments and town houses as they offered<br />

more affordable options and lifestyle choices.<br />

Meet Tanya. She’s been one of <strong>Calgary</strong>’s top sell<strong>in</strong>g Real Estate<br />

Agents for years. She’s a true expert on <strong>Calgary</strong>’s Inner City Real Estate<br />

market, and she understands every client is as unique as their home.<br />

Tanya takes the time to listen; to understand your wants and needs. She<br />

doesn’t expect your trust, Tanya earns it by consistently rema<strong>in</strong><strong>in</strong>g honest,<br />

accessible and tenacious. That’s what sets Tanya apart.<br />

The Tanya Eklund Group was founded on Tanya’s pr<strong>in</strong>ciples. The<br />

professionals with<strong>in</strong> her group don’t work for Tanya—they work for their<br />

clients. They provide unparalleled expertise, skill and service to <strong>Calgary</strong>’s<br />

<strong>in</strong>ner city.<br />

purple #7447<br />

grey #431<br />

And their clients know it.<br />

www.tanyaeklundgroup.ca<br />

CALGARY REAL ESTATE “MLS MILLION DOLLAR CLUB” REMAX HALL OF FAME<br />

Real Estate (Central)<br />

A division of 4th Street Hold<strong>in</strong>gs Ltd.<br />

Each office is <strong>in</strong>dependently owned and operated.<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 63


condom<strong>in</strong>iums are on the rise • Real Estate<br />

Revitalization <strong>in</strong> East Village will add dynamic liv<strong>in</strong>g, shopp<strong>in</strong>g, d<strong>in</strong><strong>in</strong>g and enterta<strong>in</strong>ment to the spirit of <strong>Calgary</strong>. Render<strong>in</strong>g courtesy of <strong>Calgary</strong> Municipal Land Corporation.Illustration of VERVE project by Fram+Slokker.<br />

on the market, which has prompted greater activity <strong>in</strong> the<br />

condo markets. It has also prompted <strong>in</strong>creased sales <strong>in</strong> communities<br />

surround<strong>in</strong>g the city.”<br />

This year, <strong>in</strong>dustry experts anticipate further ga<strong>in</strong>s <strong>in</strong><br />

condom<strong>in</strong>iums, as the need for product cont<strong>in</strong>ues to rise<br />

and long-term lend<strong>in</strong>g rates <strong>in</strong>crease. “Pric<strong>in</strong>g has yet to<br />

fully recover <strong>in</strong> the condo market, as we’re still six per cent<br />

below the peak,” says Lurie. “Year to date, we have seen a<br />

n<strong>in</strong>e per cent price <strong>in</strong>crease on a typical<br />

property and it is likely pric<strong>in</strong>g will<br />

cont<strong>in</strong>ue to climb.”<br />

Dur<strong>in</strong>g the peak <strong>in</strong> July of 2007,<br />

the average benchmark price for a<br />

condo apartment hit $296,700 and<br />

a condo town house hit $331,800. In<br />

contrast, the average benchmark price<br />

of a condo apartment and a condo<br />

town house <strong>in</strong> December 2013 were<br />

$278,600 and $307,100 respectively.<br />

It is projected that key areas, especially<br />

with<strong>in</strong> the <strong>in</strong>ner city, will see<br />

ongo<strong>in</strong>g demand for quality residential<br />

properties. Joel Gwillim, real estate<br />

agent with CIR Realty, specializes <strong>in</strong><br />

condom<strong>in</strong>ium sales and expla<strong>in</strong>s that<br />

the activity <strong>in</strong> resale as well as new<br />

“There is certa<strong>in</strong>ly <strong>in</strong>centive to liv<strong>in</strong>g <strong>in</strong> the core and<br />

grow<strong>in</strong>g <strong>in</strong>terest <strong>in</strong> higher-end condom<strong>in</strong>iums. It is also<br />

noteworthy that loft liv<strong>in</strong>g cont<strong>in</strong>ues to be popular and more<br />

and more people are opt<strong>in</strong>g for nicer condos and forego<strong>in</strong>g<br />

vehicles, and therefore park<strong>in</strong>g spaces. When you live and<br />

work <strong>in</strong> the core, everyth<strong>in</strong>g is with<strong>in</strong> walk<strong>in</strong>g distance, and<br />

Car2Go is there when needed,” says Gwillim.<br />

As projects cont<strong>in</strong>ue to develop and new build<strong>in</strong>gs reach<br />

up <strong>in</strong>to the skyl<strong>in</strong>e, there are even more<br />

options for great places to live. The<br />

downtown core has and will always<br />

rema<strong>in</strong> popular, the beltl<strong>in</strong>e offers a<br />

different flavour, and revitalized centres<br />

such as East Village add dynamic<br />

liv<strong>in</strong>g, shopp<strong>in</strong>g, d<strong>in</strong><strong>in</strong>g and enterta<strong>in</strong>ment<br />

to the spirit of <strong>Calgary</strong>.<br />

Another area to watch for <strong>in</strong> the<br />

com<strong>in</strong>g few years is 10th Avenue, as<br />

plans for a new commercial tower,<br />

high-end hotel and other retail locations<br />

come on stream. “It is excit<strong>in</strong>g to<br />

see <strong>Calgary</strong> start to make a thoughtful<br />

transition from be<strong>in</strong>g ultra conservative<br />

to modestly contemporary. There is<br />

so much personality <strong>in</strong> this city. No<br />

wonder it’s a dest<strong>in</strong>ation for Calgarians<br />

properties is encourag<strong>in</strong>g.<br />

Joel Gwillim, real estate agent with CIR Realty<br />

as well as visitors,” says Gwillim. BiC<br />

64 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


condom<strong>in</strong>iums are on the rise • Real Estate<br />

Forecast Summary ~ 2013 vs. 2014 Forecasts<br />

Economic Indicators 2013 Forecast 2014 Forecast<br />

<strong>Calgary</strong> GDP Growth . . . . . . . . . . . . 3.35% . . . . . . . . . . . .3.68%<br />

<strong>Calgary</strong> Net Migration . . . . . . . . . . . 19,067 . . . . . . . . . . .15,000<br />

<strong>Calgary</strong> Employment Growth . . . . . 2.80% . . . . . . . . . . . .3.12%<br />

Average Residential Mortgage<br />

Lend<strong>in</strong>g Rate 5 Year . . . . . . . . . . . . 4.07 . . . . . . . . . . . . .4.88<br />

MLS Resale Market 2013 Forecast 2014 Forecast Change<br />

S<strong>in</strong>gle Family Sales . . . . . . . . . . . . .16,302. . . . . . . . . . . .16,693 . . . . . . . . . . .2.4%<br />

Price Growth . . . . . . . . . . . . . . .7.85% . . . . . . . . . . . .3.8%<br />

Condo Apartment Sales . . . . . . . . .4,007. . . . . . . . . . . . .4,207 . . . . . . . . . . . .5.0%<br />

Price Growth . . . . . . . . . . . . . . .8.72% . . . . . . . . . . . .5.8%<br />

Condo Townhouse Sales . . . . . . . .3,180. . . . . . . . . . . . .3,434 . . . . . . . . . . . .8.0%<br />

Price Growth . . . . . . . . . . . . . . .6.32% . . . . . . . . . . . .4.75%<br />

crEB® 2014 EconoMic oUtlook & rEgional MarkEt ForEcast<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 65


Renos as a Solid Investment • Construction/Renovation<br />

RENOS<br />

AS A SOLID<br />

INVESTMENT<br />

From dazzl<strong>in</strong>g kitchens and hardwood<br />

to energy-efficient plumb<strong>in</strong>g and<br />

light<strong>in</strong>g, renos have a solid ROI<br />

BY JOHN HARDY<br />

Renos are a national trend. In <strong>Calgary</strong>, design,<br />

architectural and construction renos are hotter<br />

than hot.<br />

From the cosmetic, ‘beauty stuff’ like ripp<strong>in</strong>g out worn<br />

carpets and <strong>in</strong>stall<strong>in</strong>g dazzl<strong>in</strong>g hardwood floors, quartz<br />

counters and s<strong>in</strong>ks, oversized and fancy stand-alone tubs,<br />

steam showers and other touches to transform a basic<br />

bathroom <strong>in</strong>to a luxurious ensuite spa; gutt<strong>in</strong>g a tired,<br />

old kitchen and <strong>in</strong>stall<strong>in</strong>g stunn<strong>in</strong>g cab<strong>in</strong>ets, sta<strong>in</strong>less<br />

steel appliances and a large granite countertop island;<br />

to knock<strong>in</strong>g out walls to make small rooms bigger and<br />

transform<strong>in</strong>g a cramped, 40-year-old liv<strong>in</strong>g room, d<strong>in</strong><strong>in</strong>g<br />

room and kitchen layout <strong>in</strong>to one open family room area.<br />

The recent Scotiabank Home Renovation Poll underscores<br />

that 2014 promises to be a good year for the<br />

remodell<strong>in</strong>g and home improvement <strong>in</strong>dustries.<br />

The surveys says: the most common reasons for renos<br />

are (45 per cent) add<strong>in</strong>g comfort and enjoyment to a home,<br />

(22 per cent) <strong>in</strong>creas<strong>in</strong>g value and (19 per cent) due to necessary<br />

repairs.<br />

In some <strong>Calgary</strong> areas, last year’s flood resulted <strong>in</strong> some<br />

renos that are still ongo<strong>in</strong>g.<br />

Other recent real estate and reno track<strong>in</strong>g suggests<br />

other reasons why people are opt<strong>in</strong>g for major home<br />

makeovers versus mov<strong>in</strong>g, such as susta<strong>in</strong>ability factors<br />

66 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Renos as a Solid Investment • Construction/Renovation<br />

– mak<strong>in</strong>g the home energy-expense efficient or environmentally<br />

friendly both <strong>in</strong> terms of contemporary lifestyles<br />

and boost<strong>in</strong>g resale values <strong>in</strong> an <strong>in</strong>creas<strong>in</strong>gly green-conscious<br />

real estate market.<br />

There’s also the proven social trend of “ag<strong>in</strong>g <strong>in</strong> place”<br />

with the 60-plus baby boomer age group opt<strong>in</strong>g to live<br />

carefree and happily ever after <strong>in</strong> their 30- to 60-year-old,<br />

mortgage-free homes.<br />

“Our national survey resound<strong>in</strong>gly shows that over 70 per<br />

cent of Canadians see their homes as a good <strong>in</strong>vestment,”<br />

says David Stafford, Scotiabank’s manag<strong>in</strong>g director of real<br />

estate secured lend<strong>in</strong>g.<br />

“For the past three years, reno plans have been consistently<br />

trend<strong>in</strong>g upward. This year, 65 per cent of Canadian<br />

homeowners (63 per cent of Alberta homeowners) say they<br />

plan to renovate.”<br />

He po<strong>in</strong>ts out that although the report is detailed facts and<br />

<strong>in</strong>formation about current reno trends, the bank is also <strong>in</strong> the<br />

sav<strong>in</strong>gs and lend<strong>in</strong>g bus<strong>in</strong>ess and it comes as very good news<br />

that a majority of Canadians are <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> their homes.<br />

Accord<strong>in</strong>g to the most recent Central Mortgage and<br />

Hous<strong>in</strong>g Corporation (CMHC) stats, renovation spend<strong>in</strong>g <strong>in</strong><br />

Alberta is about $6.5 billion.<br />

Whatever the reason for the reno momentum, <strong>Calgary</strong><br />

area architectural and <strong>in</strong>terior designers and contractors are<br />

busier than ever.<br />

“The rough times of 2008 are more and more a distant<br />

memory and people aga<strong>in</strong> have faith <strong>in</strong> the economy,” is<br />

the positivity from respected <strong>Calgary</strong> designer-builder<br />

Lynn Donaldson at Lynn Donaldson Associates. “There is<br />

a def<strong>in</strong>ite <strong>in</strong>crease <strong>in</strong> bus<strong>in</strong>ess and especially homeowners<br />

choos<strong>in</strong>g major renovations.”<br />

The volume of the demand for renos and the k<strong>in</strong>ds of<br />

th<strong>in</strong>gs people want are a telltale reflection of chang<strong>in</strong>g times<br />

and different priorities.<br />

<strong>Calgary</strong> designer-builder Lynn Donaldson of Lynn Donaldson Associates<br />

“Now, more than ever, reno decisions are lifestyle driven,”<br />

she cites from 25 years of <strong>Calgary</strong> design, construction and<br />

reno experience. “From the start of a reno construction project,<br />

we assess both the physical structure of the house and the<br />

family’s <strong>in</strong>dividual lifestyle. Then we design and reallocate<br />

space to suit their lifestyle.<br />

“The traditional house layouts of the 1950s and 1960s,<br />

with choppy, small rooms are long gone. Today, people<br />

want to live <strong>in</strong> homes with fewer but larger open spaces<br />

and rooms. Open<strong>in</strong>g up the space of the liv<strong>in</strong>g room, d<strong>in</strong><strong>in</strong>g<br />

room and the kitchen and creat<strong>in</strong>g one large and open family<br />

room is very popular.”<br />

Aside from <strong>in</strong>dividual motivation for choos<strong>in</strong>g a major<br />

reno or construction project and despite dazzl<strong>in</strong>g pictures <strong>in</strong><br />

magaz<strong>in</strong>es, experts agree that people th<strong>in</strong>k<strong>in</strong>g about renos<br />

and additions have vary<strong>in</strong>g degrees of carefully thought out,<br />

Internet-researched or sometimes just impulsive ideas and<br />

wish lists.<br />

“Some people have great <strong>in</strong>tentions and they are gung-ho<br />

– not practical or realistic – about what they want and what<br />

“For the past three years, reno plans<br />

have been consistently trend<strong>in</strong>g upward.<br />

This year, 65 per cent of Canadian<br />

homeowners (63 per cent of Alberta<br />

homeowners) say they plan to renovate.”<br />

~ David Stafford<br />

David Stafford, Scotiabank’s manag<strong>in</strong>g director of real estate<br />

secured lend<strong>in</strong>g<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 67


WORKFORCE WHIZZES<br />

Matrix Labour Leas<strong>in</strong>g Ltd. the source for skilled staff<br />

Born and raised <strong>in</strong> Rexton, New Brunswick, Shannon Warren moved to Vancouver<br />

<strong>in</strong> the late 1990s to work as a house framer. A few years later, <strong>in</strong> the early<br />

2000s, he relocated to <strong>Calgary</strong> for someth<strong>in</strong>g the city is famous for – job opportunities.<br />

Today, job opportunities form the framework of Warren’s bus<strong>in</strong>ess, Matrix<br />

Labour Leas<strong>in</strong>g Ltd., a full-service human resource company.<br />

Founded <strong>in</strong> 2002, Matrix grew from the ground up. Warren was work<strong>in</strong>g on the<br />

Southern Alberta Institute of Technology (SAIT) Heritage Hall project when his employer<br />

asked him to source more local carpenters. “Hav<strong>in</strong>g lived <strong>in</strong> <strong>Calgary</strong> for a<br />

couple of years at that time, I knew a few guys,” says Warren. “When the workers I recruited<br />

came on to the project, the company asked me to handle the bill<strong>in</strong>g for their<br />

hours.” It was a new experience for Warren, but it didn’t take him long to recognize<br />

the need for such a service for other construction companies. “It just made sense to<br />

turn the concept <strong>in</strong>to a bus<strong>in</strong>ess,” he adds.<br />

Nearly 12 years later, Matrix is a trusted source of skilled trades for firms across<br />

Canada. The company has connected workers and contractors for iconic projects<br />

such as the West LRT <strong>Calgary</strong> transit l<strong>in</strong>e, the southeast leg of the <strong>Calgary</strong> R<strong>in</strong>g Road,<br />

and the BHP Jansen potash project <strong>in</strong> Saskatchewan.<br />

Matrix takes care of human resource matters from end to end, <strong>in</strong>clud<strong>in</strong>g payroll,<br />

workers compensation management, wage negotiation and benefits. “Our bus<strong>in</strong>ess<br />

model is very appeal<strong>in</strong>g to clients,” says Warren. “They may not have time to worry<br />

about HR details for large or concurrent projects.”<br />

While Matrix primarily focuses on the construction <strong>in</strong>dustry, the company plans to<br />

expand <strong>in</strong>to the prolific Alberta oil and gas sector. “We are fully set up to service oil<br />

and gas clients,” Warren expla<strong>in</strong>s. “We have tried-and-true quality controls <strong>in</strong> place to<br />

ensure the employees we send to clients meet their exact needs.”<br />

Matrix’s <strong>in</strong>ternal database <strong>in</strong>cludes more than 10,000 skilled tradespeople. For new<br />

workers, Matrix handles background checks, safety tra<strong>in</strong><strong>in</strong>g, and whatever else employees<br />

need to perfectly match clients’ requirements. “We are big on safety, tra<strong>in</strong><strong>in</strong>g<br />

and technology,” says Warren. “Workers can come to us and f<strong>in</strong>d job opportunities<br />

and education <strong>in</strong> one place.” Matrix is <strong>in</strong>novative <strong>in</strong> its approach to attract<strong>in</strong>g and<br />

reta<strong>in</strong><strong>in</strong>g the very best staff, offer<strong>in</strong>g <strong>in</strong>centives such as RRSP programs and tuition<br />

reimbursements through Merit Contractors Association.<br />

The company celebrated a milestone year <strong>in</strong> 2013, rank<strong>in</strong>g on both The Fast<br />

Growth 50 and PROFIT 500 lists of fastest-grow<strong>in</strong>g companies. To top it off, Warren<br />

was named one of <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Calgary</strong>’s Leaders of Tomorrow for 2013. Even the company’s<br />

office space grew, with a move to brand new headquarters.<br />

Matrix has stayed true to its <strong>Calgary</strong> roots, host<strong>in</strong>g an annual Stampede party<br />

for 11 years runn<strong>in</strong>g. In 2013, the company turned the soiree <strong>in</strong>to a fundraiser for<br />

the Children’s Wish Foundation, rais<strong>in</strong>g more than $10,000. “Ten thousand dollars is<br />

about the cost of grant<strong>in</strong>g one child a wish through the foundation, so we set that as<br />

our goal,” says Warren. The company also hosts regular fundraisers dur<strong>in</strong>g the w<strong>in</strong>ter<br />

holiday season.<br />

“It’s our corporate culture I’m most proud of,” concludes Warren. “We look after our<br />

clients and our workers, and we give back to our city too.”<br />

For more <strong>in</strong>formation, please visit www.matrixlabourleas<strong>in</strong>g.com or contact<br />

Shannon Warren, President & CEO, at 403.201.9520 x 202.


Renos as a Solid Investment • Construction/Renovation<br />

[title] • [section]<br />

John Haddon of John Haddon Design<br />

“Some people have great <strong>in</strong>tentions and they<br />

are gung-ho – not practical or realistic – about<br />

what they want and what is possible <strong>in</strong> terms<br />

of the work, the materials and how much it will<br />

cost. Sometimes they are misled and deluded<br />

by American reality TV. Their expectations are<br />

way off about what’s doable and especially<br />

about real timeframes and actual costs.”<br />

~ John Haddon<br />

is possible <strong>in</strong> terms of the work, the materials and how much<br />

it will cost,” accord<strong>in</strong>g to <strong>Calgary</strong>’s John Haddon of John<br />

Haddon Design, who has been creat<strong>in</strong>g spectacular <strong>Calgary</strong><br />

custom homes, renovations and additions for 30 years.<br />

“Sometimes they are misled and deluded by American reality<br />

TV. Their expectations are way off about what’s doable<br />

and especially about real timeframes and actual costs.<br />

Photo courtesy of RDM Interiors Ltd.<br />

“I try to politely expla<strong>in</strong> that we get jaded because so<br />

much of the work and materials shown on those TV shows<br />

is promotional or donated,” he expla<strong>in</strong>s.<br />

“I’m an architectural designer and I know ‘the bones’ of a<br />

house. Whether it’s knock<strong>in</strong>g down bear<strong>in</strong>g walls to create a<br />

fabulous grand room or chang<strong>in</strong>g the style and size of w<strong>in</strong>dows<br />

– some choices make sense and some don’t.”<br />

Although many <strong>Calgary</strong> makeovers and renos are major<br />

projects that <strong>in</strong>volve transform<strong>in</strong>g roof l<strong>in</strong>es, elaborate<br />

additions, w<strong>in</strong>dow retrofits and precast concrete trimmed<br />

entranceways, <strong>Calgary</strong>’s reno wish list is mostly consistent<br />

with the national trend.<br />

Accord<strong>in</strong>g to the Scotiabank report, bathroom makeovers<br />

top the wish list of home renos (38 per cent), then kitchens<br />

(33 per cent), structural and outdoor renos (26 per cent) and<br />

basements (24 per cent).<br />

The report also notes that 84 per cent of those plann<strong>in</strong>g<br />

renovations <strong>in</strong> the next 12 months will hire a professional.<br />

And the survey results echo John Haddon’s op<strong>in</strong>ion about<br />

reno expectations. More than 35 per cent of the <strong>in</strong>spiration<br />

for real-life home renos is from TV programs. The rest from<br />

family, friends, magaz<strong>in</strong>es and big reno supply stores.<br />

Whether a complex exterior or structural reno – <strong>in</strong>volv<strong>in</strong>g<br />

trusses, studd<strong>in</strong>g, build-outs or even a solarium, <strong>in</strong>terior<br />

designs and renos like creat<strong>in</strong>g spacious open areas or decor<br />

touches like showcase kitchens and spa-like bathrooms<br />

– specific <strong>Calgary</strong> reno projects, details, specs and style<br />

preferences can also be <strong>in</strong>terest<strong>in</strong>g reflections of what’s <strong>in</strong>,<br />

what’s out, contemporary trends and even demographics.<br />

“Cont<strong>in</strong>uous and one type of floor<strong>in</strong>g is popular,” says<br />

experienced <strong>in</strong>terior designer and seasoned <strong>Calgary</strong> real<br />

estate professional Rod MacDonald at RDM Interiors. “Everybody<br />

is mov<strong>in</strong>g away from wall-to-wall carpet<strong>in</strong>g and wants<br />

hardwood, even throughout the kitchen and eng<strong>in</strong>eered floors<br />

<strong>in</strong> the basement. It makes the area look bigger.”<br />

70 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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Renos as a Solid Investment • Construction/Renovation<br />

Most architectural, construction and <strong>in</strong>terior design experts share a<br />

resound<strong>in</strong>g consensus about the def<strong>in</strong>ite and undisputable ‘green factor’<br />

impact<strong>in</strong>g many contemporary reno projects.<br />

MacDonald and other <strong>Calgary</strong>-based<br />

<strong>in</strong>terior design professionals agree<br />

about other contemporary decor trends.<br />

Consumer choices and demand <strong>in</strong>dicates<br />

that closet renos are hot. Whether a<br />

reno or buy<strong>in</strong>g a house, people want more<br />

spacious closets. For walls, taupes and<br />

greys are still vogue but lighter shades<br />

than a few years ago. The raised panel<br />

cab<strong>in</strong>et doors of stunn<strong>in</strong>g kitchens are<br />

giv<strong>in</strong>g way to simple but luxurious slab<br />

cab<strong>in</strong>et doors with modern hardware.<br />

The granite countertop rage may be<br />

cool<strong>in</strong>g off a bit because granite has<br />

become so common and it’s no longer<br />

special. There may be a shift to the new<br />

caesarstone, occasionally (pricey and<br />

fragile) quartz and even some new arborites.<br />

“Age groups are def<strong>in</strong>itely a factor when it comes to<br />

<strong>in</strong>terior design and decor,” MacDonald expla<strong>in</strong>s. “Especially<br />

when it comes to furniture, light<strong>in</strong>g and accessories.<br />

Younger clients tend to be more trend-conscious but they<br />

are also from a more disposable society. They don’t care if it<br />

will be out of style <strong>in</strong> five years. They will just go out and<br />

get a new one.”<br />

Most architectural, construction and <strong>in</strong>terior design<br />

experts share a resound<strong>in</strong>g consensus about the def<strong>in</strong>ite and<br />

undisputable ‘green factor’ impact<strong>in</strong>g many contemporary<br />

reno projects.<br />

The Scotiabank poll f<strong>in</strong>ds that 65 per cent of reno clients<br />

are likely to consider green renos and 70 per cent are likely<br />

to consider them even if they are more costly than nongreen<br />

renos.<br />

Survey<strong>in</strong>g Alberta homeowners also charts that 55 per<br />

cent are conv<strong>in</strong>ced that green reno choices will lower the<br />

operat<strong>in</strong>g costs of their home <strong>in</strong> the long run, 53 per cent<br />

agree that it will <strong>in</strong>crease the value of their home and 82 per<br />

cent are likely to go green with major reno details such as<br />

solar heat<strong>in</strong>g and <strong>in</strong>sulation and would also choose green<br />

products – like ultra-low flush toilets and LED light<strong>in</strong>g – for<br />

smaller reno jobs.<br />

Scotiabank’s Stafford underscores the popularity of green<br />

reno choices. “If you’re do<strong>in</strong>g a reno anyway, consider various<br />

aspects beh<strong>in</strong>d the walls – energy-sav<strong>in</strong>g options like<br />

light<strong>in</strong>g, heat<strong>in</strong>g and ventilation systems.<br />

“Replac<strong>in</strong>g w<strong>in</strong>dows used to be the biggest energy saver.<br />

Today it’s ventilation, <strong>in</strong>sulation, light<strong>in</strong>g, heat<strong>in</strong>g and water.”<br />

He also makes a case for proven and legit renovation ROI.<br />

“People are pay<strong>in</strong>g more attention to what’s beh<strong>in</strong>d the<br />

Interior designer and <strong>Calgary</strong> real estate professional<br />

Rod Macdonald at RDM Interiors<br />

walls. There’s a long-term payback, not<br />

only for resale value but <strong>in</strong> energy cost<br />

sav<strong>in</strong>gs and lower<strong>in</strong>g the operat<strong>in</strong>g<br />

costs of their home.”<br />

<strong>Calgary</strong>’s Lynn Donaldson agrees.<br />

“Green has become a bit of an overused<br />

buzzword. We prefer energy efficiency<br />

or susta<strong>in</strong>ability. When the reno is<br />

be<strong>in</strong>g done anyway, it only makes sense<br />

to <strong>in</strong>clude options like R-factors and<br />

upgraded <strong>in</strong>sulation, water conservation<br />

with low-volume toilets, energy-efficient<br />

light fixtures and appliances.<br />

“It’s not necessarily more expensive.<br />

Besides, the payback is guaranteed!”<br />

From major additions, creat<strong>in</strong>g a<br />

spacious, open grand room to luxuriously<br />

decadent spa ensuites, the<br />

balance of the year will have many <strong>Calgary</strong> renos on the go.<br />

For various reasons, mostly the terrifically Internet-<strong>in</strong>formed<br />

and savvy homeowner and consumer, it’s no longer about<br />

match<strong>in</strong>g throw cushions and pa<strong>in</strong>t colours.<br />

Today’s <strong>in</strong>formed-consumer research re<strong>in</strong>forces the po<strong>in</strong>t<br />

that a contemporary house is more than just four walls and<br />

a roof. It’s a complex system of different components that<br />

<strong>in</strong>teract and impact overall home performance, the longevity<br />

of materials (from roof sh<strong>in</strong>gles and w<strong>in</strong>dows to floor<strong>in</strong>g<br />

and faucets), energy costs and the health, safety and enjoyment<br />

of the people liv<strong>in</strong>g <strong>in</strong> it.<br />

The build<strong>in</strong>g <strong>in</strong>dustry has long recognized the importance<br />

of “the house as a system” dom<strong>in</strong>o concept – that<br />

changes to one part of the system will affect other systems<br />

and eventually the entire house.<br />

That temperature distribution, ventilation, humidity and<br />

moisture levels (mould and mildew), rate of deterioration of<br />

build<strong>in</strong>g materials, the build<strong>in</strong>g envelope air-tightness, the<br />

efficiency of heat<strong>in</strong>g and air condition<strong>in</strong>g (HVAC) equipment,<br />

structural <strong>in</strong>tegrity, dra<strong>in</strong>age patterns and more, matters.<br />

<strong>Calgary</strong> reno and construction professionals work with an<br />

<strong>in</strong>tegrated, house-as-a-system (HAAS) approach, so renovations<br />

<strong>in</strong> one area won’t create problems somewhere else.<br />

New high-efficiency w<strong>in</strong>dows won’t prevent condensation<br />

problems if your furnace airflow is <strong>in</strong>adequate, the humidifier<br />

is adjusted <strong>in</strong>correctly or your kitchen’s range vent was<br />

not <strong>in</strong>stalled correctly. Proper dra<strong>in</strong>age and run-off has been<br />

altered by renos like additions and decks and is not keep<strong>in</strong>g<br />

outside moisture away from the house. Just two random<br />

examples of the <strong>in</strong>tricate HAAS logic.<br />

When it comes to <strong>Calgary</strong> renos 2014... it’s the new normal. BiC<br />

72 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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2014 • <strong>Calgary</strong> Auto and Truck Show<br />

2014<br />

CALGARY<br />

INTERNATIONAL<br />

AUTO AND TRUCK SHOW<br />

ALL PHOTOS COURTESY OF CALGARY MOTOR DEALERS ASSOCIATION<br />

A<br />

popular annual event, the <strong>Calgary</strong> International Auto and<br />

Truck Show is be<strong>in</strong>g held March 12-16, 2014 at the BMO<br />

Centre, Stampede Park.<br />

The year 2013 saw a record 1.74 million <strong>in</strong> Canadian auto<br />

sales. Forecasts for Alberta 2014 automotive sales see this trend<br />

cont<strong>in</strong>u<strong>in</strong>g and that translates to a competitive automotive buy<strong>in</strong>g<br />

climate for consumers.<br />

The <strong>Calgary</strong> International Auto and Truck Show is one of the<br />

largest exhibitions of new cars and trucks <strong>in</strong> Western Canada<br />

and it gives consumers the perfect opportunity to check out the<br />

absolute latest <strong>in</strong> automotive technology.<br />

Highlights from the 2013 <strong>Calgary</strong> International Auto and Truck Show.<br />

74 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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and AMVIC Fee, and excludes license, <strong>in</strong>surance, PPSA, registration fees, and all other taxes and levies. Dealer may sell for less. See your participat<strong>in</strong>g Alberta Toyota dealer for details.<br />

Price subject to exclusions and may change without notice.


2014 • <strong>Calgary</strong> Auto and Truck Show<br />

Highlights from the 2013 <strong>Calgary</strong> International Auto and Truck Show.<br />

This year marks the 34 th year for this event and promises<br />

to offer someth<strong>in</strong>g for any automotive enthusiast. More than<br />

300 vehicles of new domestic and imported cars and trucks<br />

will be on display.<br />

For those lean<strong>in</strong>g towards the luxurious, come down and<br />

see the 2014 Bentley GT V8 S that just debuted <strong>in</strong> North<br />

America at the Detroit Auto Show or the L<strong>in</strong>coln MKZ. For<br />

those look<strong>in</strong>g to see someth<strong>in</strong>g more exotic, visit the IP<br />

Lotus Evora, the Ferrari F12 or check out the 2014 Aston<br />

Mart<strong>in</strong> Vanquish Coupe that was used on Top Gear and Jay<br />

Leno’s Garage. For those <strong>in</strong>terested <strong>in</strong> the ultimate <strong>in</strong> speed,<br />

be sure to see the Red Bull Inf<strong>in</strong>iti F1. The all-new 2015 Ford<br />

F-150 with its nearly all alum<strong>in</strong>um construction will also be<br />

on display. There really will be someth<strong>in</strong>g for everyone, no<br />

matter what automotive taste.<br />

The <strong>Calgary</strong> International Auto and Truck Show has partnered<br />

once aga<strong>in</strong> with the <strong>Calgary</strong> Herald and <strong>Calgary</strong> Sun<br />

for two new car giveaways. Mazda and Toyota are the generous<br />

sponsors for this year’s contest.<br />

In addition to the countless hours and funds that <strong>Calgary</strong><br />

dealers put toward different charities throughout the year,<br />

the <strong>Calgary</strong> International Auto and Truck Show donates the<br />

majority of all proceeds from the show to local charities.<br />

As well, the funds raised at the Vehicles and Viol<strong>in</strong>s Gala<br />

are awarded to committee-selected charities that this year<br />

<strong>in</strong>cludes the Canadian Cancer Society, Inn from the Cold<br />

and KidSport <strong>Calgary</strong>. This year marks the 15 th anniversary<br />

of the gala – an event that has raised over $2.5 million s<strong>in</strong>ce<br />

its <strong>in</strong>ception.<br />

Tickets for the Auto Show can be purchased at the door,<br />

through kiosks at the BMO Centre, onl<strong>in</strong>e or at local Safeway<br />

stores. Follow the <strong>Calgary</strong> International Auto and Truck<br />

Show on Twitter, Facebook or their website for more details<br />

and excit<strong>in</strong>g announcements. BiC<br />

76 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


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HUMAN RESOURCES INSTITUTE OF ALBERTA<br />

Official Nom<strong>in</strong>ation Form<br />

Go Onl<strong>in</strong>e to www.bus<strong>in</strong>ess<strong>in</strong><strong>Calgary</strong>.com/lot<br />

Submissions Directions: Please complete the application <strong>in</strong> its entirety. Send the form via fax to<br />

403.264.3276; or scan and email to leaders@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

Eligibility: All nom<strong>in</strong>ees must own, be a partner, CEO, or President of a private or public company, and be<br />

a primary stakeholder responsible for the recent performance of the company. In addition, the nom<strong>in</strong>ee’s company<br />

must be <strong>Calgary</strong> and area based and have been <strong>in</strong> existence for a m<strong>in</strong>imum of three years.<br />

Judg<strong>in</strong>g Panel and Criteria: The <strong>in</strong>dependent panel of judges will consist of a selection of<br />

successful bus<strong>in</strong>ess leaders from the community. The judges will analyze an extensive list of criteria that will <strong>in</strong>clude<br />

f<strong>in</strong>ances, strategic direction, product or service <strong>in</strong>novation, company leadership (<strong>in</strong>clud<strong>in</strong>g personal <strong>in</strong>tegrity, values<br />

and key employee <strong>in</strong>itiatives), community <strong>in</strong>volvement and philanthropic activities.<br />

Nom<strong>in</strong>ee Pr<strong>in</strong>t or Type Only Please<br />

Nom<strong>in</strong>ee’s Name:<br />

Title:<br />

Company Name:<br />

General Company Phone:<br />

<strong>Bus<strong>in</strong>ess</strong> Address:<br />

City: Prov<strong>in</strong>ce: Postal Code:<br />

Company Website:<br />

Nature of <strong>Bus<strong>in</strong>ess</strong>:<br />

Nom<strong>in</strong>ee’s Phone:<br />

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Assistant’s Name:<br />

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For any questions or follow up related to this <strong>in</strong>formation, please designate a contact, or confirm<br />

nom<strong>in</strong>ee or assistant as primary contact.<br />

Plat<strong>in</strong>um Partner<br />

Gold Partners


TOC<br />

Page 1 - Will <strong>Calgary</strong>’s Office Markets Land Softly<br />

or Cont<strong>in</strong>ue to Push Ahead?<br />

Page 4 - What is Work Anyway?<br />

Page 6 - BOMA Insider<br />

Page 8 - On the Ground at YYC<br />

NEWS<br />

SPRING 2014<br />

Sandy McNair<br />

Will <strong>Calgary</strong>’s Office<br />

Markets Land Softly or<br />

Cont<strong>in</strong>ue to Push Ahead?<br />

Look<strong>in</strong>g at the history of <strong>Calgary</strong>’s real estate markets<br />

provides valuable perspective as we anticipate<br />

our future. <strong>Calgary</strong>’s office markets experienced<br />

a hard land<strong>in</strong>g <strong>in</strong> 1982. On a s<strong>in</strong>gle Friday afternoon,<br />

the architectural firm I worked for received news from<br />

four different clients that each of their 50-storey office<br />

towers were now cancelled. But by then it was already<br />

too late for a soft land<strong>in</strong>g. As the 60-year completions<br />

chart shows (Figure 1), more than 20 million square<br />

feet of office space had been completed <strong>in</strong> the previous<br />

five years (1978-1982). This compares to a very similar<br />

amount, 22.6 million square feet of office space that<br />

had been, or will be, completed <strong>in</strong> the much longer<br />

11-year period from 2007-2018.<br />

Unlike today, the office <strong>in</strong>ventory <strong>in</strong> the late ’70s<br />

and early ’80s was grow<strong>in</strong>g faster than the economy<br />

1


BOMA <strong>Calgary</strong> News<br />

BOMA <strong>Calgary</strong> News is a co-publication of<br />

BOMA <strong>Calgary</strong> and <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Calgary</strong>.<br />

<strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Calgary</strong><br />

1025, 101 - 6 Ave. SW, <strong>Calgary</strong>, AB T2P 3P4<br />

Tel: 403.264.3270 • Fax: 403.264.3276<br />

<strong>in</strong>fo@bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

www.bus<strong>in</strong>ess<strong>in</strong>calgary.com<br />

BOMA <strong>Calgary</strong><br />

120, 4954 Richard Road SW, <strong>Calgary</strong>, AB T3E 6L1<br />

Email: <strong>in</strong>fo@boma.ca • Web: www.boma.ca<br />

Tel: 403.237.0559 • Fax: 403.266.5876<br />

Communications Committee<br />

Chair - Leah Stewart,<br />

Sizeland Evans Interior Design<br />

Bobbi Joan O’Neil, <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Calgary</strong><br />

Giovanni Worsley, MNP LLP<br />

Jay de Nance, Fairfield Commercial Real Estate<br />

Kim Bogner, 20 Vic Management<br />

Rita Reid, First Capital Realty<br />

Roger Hanks, Skyl<strong>in</strong>e Roof<strong>in</strong>g<br />

Lia Rob<strong>in</strong>son, BOMA <strong>Calgary</strong><br />

Board of Directors<br />

CHAIR<br />

Ken Dixon, ATCO Group<br />

SECRETARY TREASURER<br />

Chris Nasim, GWL Realty Advisors<br />

PAST CHAIR<br />

Chris Howard, Avison Young Real Estate<br />

PRESIDENT & CSO<br />

William G. R. Partridge, CAE, BOMA <strong>Calgary</strong><br />

or the population of office workers could grow. As the <strong>in</strong>ventory growth<br />

chart shows (Figure 2), <strong>in</strong>ventory growth rates <strong>in</strong> the late ’70s ranged<br />

from 10 to 20 per cent or more. The economy, the population and the<br />

pool of office workers could not grow that fast and, as a result, the <strong>Calgary</strong><br />

office markets experienced a very hard land<strong>in</strong>g. Interest rates that<br />

spiked at 21 per cent, oil prices that failed to reach the anticipated $60<br />

and bad energy policy from Ottawa made matters worse.<br />

The office <strong>in</strong>ventory growth rate <strong>in</strong> the current cycle of roughly 2.5 to<br />

3.5 per cent is very close to actual economic growth rates, actual population<br />

growth rates and the office worker growth rates that <strong>Calgary</strong> has<br />

experienced dur<strong>in</strong>g the past decade.<br />

The outlook, however, is less clear. The w<strong>in</strong>d is no longer at our collective<br />

backs. Even though the longer-term outlook for energy is positive,<br />

the global decl<strong>in</strong>es and subsequent muted rebounds <strong>in</strong> bus<strong>in</strong>ess and consumer<br />

confidence, economic activity and access to capital are be<strong>in</strong>g felt<br />

<strong>in</strong> <strong>Calgary</strong>’s office markets, too. Leas<strong>in</strong>g activity has slowed as some<br />

energy firms’ plans to grow and <strong>in</strong>vest are delayed or scaled back. Yet,<br />

some energy firms are cont<strong>in</strong>u<strong>in</strong>g to <strong>in</strong>vest billions <strong>in</strong> expansion projects.<br />

<strong>Calgary</strong>’s energy firms and their suppliers have assembled and <strong>in</strong>vested <strong>in</strong><br />

uniquely talented people, so lett<strong>in</strong>g huge numbers of them go would be<br />

both pa<strong>in</strong>ful and expensive.<br />

Look<strong>in</strong>g ahead, many different scenarios are possible. As only a reference<br />

po<strong>in</strong>t we have generated one scenario focused on downtown <strong>Calgary</strong>. This scenario<br />

assumes no <strong>in</strong>cremental demand: that all the commitments to lease that<br />

are <strong>in</strong> place are honoured; the build<strong>in</strong>gs that are currently under construction<br />

are completed; that the tenants respect the forward leas<strong>in</strong>g commitments they<br />

have made and move out of their exist<strong>in</strong>g space and <strong>in</strong>to new space; and that<br />

there is no new growth or reduction <strong>in</strong> demand for space, effectively everyone<br />

simply trades places. Figure 3 shows the total vacant rate for the downtown<br />

Directors<br />

Fred Edwards, Servpro Clean<strong>in</strong>g<br />

Steve Weston, Brookfield Properties<br />

Marjorie Cone, H & R Property<br />

Management Ltd.<br />

Robert Brazzell, Altus Group<br />

Corr<strong>in</strong>e Jackman, Hopewell Real Estate Services<br />

Cam Gresko, Cadillac Fairview<br />

Dust<strong>in</strong> Engel, Alberta Infrastructure<br />

Richard Morden, Bentall Kennedy (Canada) LP<br />

Lee Thiessen, MNP LLP<br />

Loy Sullivan, 20 VIC Management<br />

Jay de Nance, Fairfield Commercial Real Estate<br />

Pearl Madryga, Sun Life Assurance Company<br />

The Build<strong>in</strong>g Owners and Managers Association of<br />

<strong>Calgary</strong> publishes BOMA <strong>Calgary</strong> News quarterly. For<br />

advertis<strong>in</strong>g rates and <strong>in</strong>formation contact <strong>Bus<strong>in</strong>ess</strong><br />

<strong>in</strong> <strong>Calgary</strong>.<br />

Publication of advertis<strong>in</strong>g should not be deemed as<br />

endorsement by BOMA <strong>Calgary</strong>. The publisher reserves<br />

the right <strong>in</strong> its sole and absolute discretion<br />

to reject any advertis<strong>in</strong>g at any time submitted<br />

by any party. Material conta<strong>in</strong>ed here<strong>in</strong> does not<br />

necessarily reflect the op<strong>in</strong>ion of BOMA <strong>Calgary</strong>, its<br />

members or its staff.<br />

© 2014 by BOMA <strong>Calgary</strong>.<br />

Pr<strong>in</strong>ted <strong>in</strong> Canada.<br />

| |<br />

2


<strong>Calgary</strong> office market ris<strong>in</strong>g from its<br />

current level of 4.5 to 6.4 per cent<br />

by the end of 2014, <strong>in</strong>creas<strong>in</strong>g aga<strong>in</strong><br />

to 9.4 per cent <strong>in</strong> 2015 and 2016, and<br />

cont<strong>in</strong>u<strong>in</strong>g to rise to 12.6 per cent <strong>in</strong><br />

2017 and then to 15.3 per cent <strong>in</strong> 2018.<br />

While the overall vacancy rate is<br />

important there are other factors to<br />

consider. First, there are several different<br />

office markets with<strong>in</strong> <strong>Calgary</strong>.<br />

Downtown, beltl<strong>in</strong>e and suburbs all<br />

have dist<strong>in</strong>ct features and drivers.<br />

However, with<strong>in</strong> downtown the options<br />

for tenants vary by size of space –<br />

small, mid-size, large and very large<br />

tenants have very different choices.<br />

The number of appropriate choices<br />

matters. Second, the velocity <strong>in</strong> the<br />

leas<strong>in</strong>g market can affect pric<strong>in</strong>g as<br />

much, or more than, the vacancy rate.<br />

A market that completes a lease transaction<br />

each week will have different<br />

pric<strong>in</strong>g than a market that completes<br />

only one leas<strong>in</strong>g transaction a quarter.<br />

While most landlords benefit from a<br />

tight market, as it softens, the pa<strong>in</strong><br />

will not be felt equally.<br />

When we compare today to the<br />

mid-1980s a few key differences add<br />

perspective: a) <strong>in</strong>ventory growth<br />

rates are more modest and closer to<br />

actual growth <strong>in</strong> demand for space;<br />

b) better market <strong>in</strong>formation lead<strong>in</strong>g<br />

to better decisions; c) lower vacancy<br />

and availability rates today; d) stronger<br />

landlords and <strong>in</strong> many cases<br />

stronger tenants; e) capital budgets<br />

are <strong>in</strong> many cases be<strong>in</strong>g scaled back,<br />

not elim<strong>in</strong>ated; f) the energy <strong>in</strong>dustry<br />

is now better able to focus on<br />

production and technology efficiencies<br />

rather than exploration risks; g)<br />

better alignment of goals nationally<br />

and <strong>in</strong>ternationally and an apparent<br />

will<strong>in</strong>gness for government and<br />

<strong>in</strong>dustry to take positive action.<br />

So while there are still lots of risks<br />

and room for significant positive and<br />

negative surprises, I see an environment<br />

where better managers, better<br />

strategies and better build<strong>in</strong>gs will<br />

outperform the rest of the market. •<br />

Figure 1<br />

Figure 2<br />

Figure 3<br />

SANDY MCNAIR IS PRESIDENT OF<br />

ALTUS INSITE, CANADA’S LEADING PROVIDER<br />

OF MARKET DATA AND PERSPECTIVE TO<br />

THE COMMERCIAL REAL ESTATE INDUSTRY.<br />

FOR MORE INFORMATION VISIT<br />

WWW.ALTUSINSITE.COM.<br />

3


By William G.R.<br />

Partridge, CAE<br />

President & Chief<br />

Staff Officer<br />

President’s Report<br />

What is Work Anyway?<br />

As a bus<strong>in</strong>ess person who travels a reasonable<br />

amount, I am sometimes amazed at how we<br />

have progressed with our communications tools.<br />

And hav<strong>in</strong>g just returned from our national governance<br />

meet<strong>in</strong>gs, I am still fresh with the realization that I could<br />

do just about everyth<strong>in</strong>g I needed to do work-wise with<br />

my portable technology devices. And then I rem<strong>in</strong>ded<br />

myself how technology changes our world – how we<br />

work, where we work and quite possibly what work is<br />

– and how this dynamic might <strong>in</strong>fluence the commercial<br />

real estate sector <strong>in</strong> the years ahead.<br />

As I see it, there are two pr<strong>in</strong>cipal drivers of this<br />

change: the evolution of technology itself and of its<br />

capabilities; and secondly, the generational <strong>in</strong>fluence<br />

that determ<strong>in</strong>es how people use the technology.<br />

The Swedish technology firm Ericsson has completed a<br />

survey that suggests by the year 2020 – that is six years<br />

from now – there will be 50 billion connected devices <strong>in</strong><br />

the world. So how do we come to terms with how these<br />

connected devices will change the way we work, learn<br />

and communicate?<br />

Such a degree of connectivity suggests that the future<br />

focus of IT, human resources and real estate must collaborate<br />

and create a shared vision for the corporate<br />

workspace to address the desire of people from multiple<br />

generations and their ability to work when and where<br />

they need to work.<br />

This is important as the trends reported <strong>in</strong> multiple<br />

surveys strongly suggest that workplace flexibility will<br />

evolve from a simple perk to a norm and a corporate<br />

culture imperative. Those companies that have<br />

made a decision to embrace workplace flexibility have<br />

seen tangible bus<strong>in</strong>ess results from mak<strong>in</strong>g workspace<br />

<strong>in</strong>novation a strategic priority. Improved worker productivity<br />

and reduced real estate costs – $10 to $15<br />

million annually for American Express – are clear<br />

advantages. Another company, Aetna, has 47 per cent<br />

of its workforce employed remotely and shed 2.7 million<br />

square feet of office space, realiz<strong>in</strong>g $78 million<br />

<strong>in</strong> sav<strong>in</strong>gs. It is significant for them and significant for<br />

the real estate sector.<br />

In the hospitality sector, Marriott’s Workspace on<br />

Demand allows anyone to book “office” space <strong>in</strong> the<br />

hotel lobby as easily as they can book a room for overnight<br />

stays not only <strong>in</strong>creas<strong>in</strong>g the place where work can<br />

be done, but virtually elim<strong>in</strong>at<strong>in</strong>g “downtime” associated<br />

with bus<strong>in</strong>ess travel.<br />

4


As I see it, there<br />

are two pr<strong>in</strong>cipal<br />

drivers of this change:<br />

the evolution of<br />

technology itself<br />

and of its capabilities;<br />

and secondly, the<br />

generational<br />

<strong>in</strong>fluence that<br />

determ<strong>in</strong>es how people<br />

use the technology.<br />

Soon airl<strong>in</strong>es will have Wi-Fi as a standard amenity<br />

(some U.S. airl<strong>in</strong>es already provide it) and it will be possible<br />

to utilize that time <strong>in</strong> the air <strong>in</strong> more productive<br />

ways.<br />

Our <strong>in</strong>dustry, just as our corporate culture, is evolv<strong>in</strong>g<br />

quickly and <strong>in</strong> significant ways that will force the <strong>in</strong>dustry<br />

to adapt to these changes. Now is the time for us to<br />

have the discussion and to consider the ways to adapt to<br />

the future <strong>in</strong>dustry drivers. •<br />

Real estate <strong>in</strong>vestment expertise<br />

for every possible future<br />

As fiduciaries, we safeguard our clients’ <strong>in</strong>terests and assets through every turn of the real estate<br />

cycle by leverag<strong>in</strong>g our extensive build-to-core capability and our transaction volume capacity.<br />

From 2004 to 2013, Bentall Kennedy has:<br />

Developed<br />

$4.7+<br />

Billion <strong>in</strong> assets<br />

Acquired<br />

$11.2+<br />

Billion <strong>in</strong> assets<br />

Disposed<br />

$9.5+<br />

Billion <strong>in</strong> assets<br />

Fiduciaries. First and foremost.<br />

View our most recent developments and transactions at bentallkennedy.com<br />

5


BOMA Insider<br />

Excellence Awards Co-Title Sponsor<br />

Ken Dixon, chair-elect and Bill Partridge, president, present<br />

the BOMA BESt Level 3 Recertification for Western Canadian<br />

Place to Suzy Mah, David Middleton and Rob<strong>in</strong> Needham, all<br />

GWL Realty Advisors.<br />

Ken Dixon, presents Dundee Realty Management Corp. team<br />

with their BOMA BESt Certificates for 606 Fourth, Level 3 and<br />

441 5 Ave SW at Level 2.<br />

Carol<strong>in</strong>e Newton, Cadillac Fairview accepts the BOMA BESt<br />

Level 2 Certificate for Market Mall<br />

The GWL Realty Advisors team for First Canadian Centre receive their BOMA BESt Level 3<br />

Certificate.<br />

The Arcturus Realty team accepts their BOMA BESt Level 3 Certificate for 639 5 Ave SW.<br />

The Dundee Realty Management Corp. team accepts the BOMA BESt Level 3 Certificate for<br />

444 Seventh, Level 2 Certificate for Northland Build<strong>in</strong>g & Park at Fish Creek and Level 1 for<br />

Westview Build<strong>in</strong>g and Horton Park A, B & C<br />

The GWL Realty Advisors team accepts the Level 4 Recertification for Gulf Canada Square.<br />

6


Golf Classic Co-Title Sponsor<br />

Carmel Smetschka and Steve Walton, Golf Committee<br />

co-chairs present the ENMAX BOMA Golf Classic donation to<br />

The BOMA <strong>Calgary</strong> Foundation.<br />

Ken Dixon, ATCO Group and Bill Partridge thank Boaz Shilmover,<br />

ARTE Group for his three years as BOMA <strong>Calgary</strong> Corporate<br />

Partner.<br />

The BOMA <strong>Calgary</strong> Foundation presents a $15,000 donation<br />

to Canadian Red Cross for Alberta Flood Relief.<br />

Western Canada’s lead<strong>in</strong>g<br />

janitorial and ma<strong>in</strong>tenance service provider<br />

Preston Mann<strong>in</strong>g addresses BOMA <strong>Calgary</strong> members at the<br />

January 49 th Annual General Meet<strong>in</strong>g<br />

We’re do<strong>in</strong>g it right...Everyday<br />

SerVantage Services Group<br />

(toll free) 1.888.985.7141<br />

calgary@servantage.ca<br />

The BOMA team (L-R) Bill Partridge, Aydan Aslan, Lloyd Suchet, Lia Rob<strong>in</strong>son, Ashley Grennier<br />

and Liz Krill at the BOMA Christmas Luncheon<br />

www.SerVantage.ca<br />

7


On the Ground at YYC<br />

By David Parker<br />

Those who can remember just what our <strong>in</strong>ternational<br />

airport looked like when the <strong>Calgary</strong> Airport<br />

Authority assumed responsibility for its operations<br />

and expansion <strong>in</strong> July of 1992 must be amazed at its<br />

growth. To those of us who remember walk<strong>in</strong>g out onto<br />

the tarmac to climb the steps <strong>in</strong>to a plane at the old<br />

term<strong>in</strong>al located at the end of Aviation Blvd., it’s just a<br />

big “WOW – who’d a thought.”<br />

Like Topsy it seems to never stop grow<strong>in</strong>g and<br />

there is a lot more to come; the 10-year plan calls<br />

for another 700 acres of aviation, <strong>in</strong>dustry and recreational<br />

development.<br />

The authority has done a magnificent job <strong>in</strong> manag<strong>in</strong>g<br />

the controlled, physical growth of the airport lands, but<br />

what is just as excit<strong>in</strong>g to me is the economic impact –<br />

and the prestige – it has brought to this city.<br />

YYC is busy.<br />

Consider that 14 million passengers per year use the<br />

facility and it employs more than 24,000 people, help<strong>in</strong>g<br />

to provide an economic impact <strong>in</strong> the area of $6 billion<br />

annually.<br />

There’s lots of construction go<strong>in</strong>g on today with the<br />

two big ones be<strong>in</strong>g the new north/south runway and the<br />

new International Facilities Project.<br />

Canada’s Top Security Company | palad<strong>in</strong>security.com<br />

8


The $620-million runway – that is 14,000 feet long and<br />

200 feet wide and capable of handl<strong>in</strong>g the world’s largest<br />

aircraft – will be operational <strong>in</strong> June. A huge job<br />

that required some 260,000 cubic metres of concrete,<br />

500,000 square metres of gravel and required the <strong>in</strong>stallation<br />

of over 5,000 runway and taxiway lights.<br />

An easier construction project to follow by passengers<br />

has been the new <strong>in</strong>ternational term<strong>in</strong>al that will rise<br />

five levels above the ground to the south of the current<br />

airport term<strong>in</strong>al.<br />

Scheduled to be <strong>in</strong> service by the fall of next year, its<br />

peak on-site workforce sits at 1,600. As a green build<strong>in</strong>g<br />

it can boast of 660 kilometres of <strong>in</strong>-floor radiant heat<strong>in</strong>g<br />

tubes, cogeneration will save almost 5,000 tonnes of<br />

CO2 per year and 10 million litres of ra<strong>in</strong>water will be<br />

harvested and recycled annually.<br />

It will provide 22 additional aircraft gates and 300<br />

more airport hotel rooms on its north end.<br />

But there’s lots more development underway with<strong>in</strong><br />

airport lands.<br />

A new 125,000-square-foot air cargo facility has been<br />

built and is already fully leased <strong>in</strong> the Deerfoot north<br />

area and plans are to replicate it on an adjacent site.<br />

Fully <strong>in</strong>tegrated<br />

tenant solutions<br />

Glenn Olson<br />

WE HAVE A STRONG NATIONAL<br />

PRESENCE TO HELP SERVE THE<br />

DIVERSE NEEDS OF OUR TENANTS<br />

“Reflective Moment” | Acrylic | 16” x 24”<br />

To view our portfolio of properties, visit:<br />

Art Sales and Rentals<br />

Featur<strong>in</strong>g Historical and Contemporary Canadian Art | With over 1,500 orig<strong>in</strong>al works available<br />

#3, 215 - 39 th Avenue N.E., <strong>Calgary</strong>, Alberta T2E 7E3 | For hours, please call 403.277.7252<br />

www.fortunef<strong>in</strong>eart.com<br />

www.dundeerealty.com<br />

Or contact us at: 403.212.7114<br />

Northwest Territories British Columbia Alberta Saskatchewan<br />

Ontario Quebéc New Brunswick Pr<strong>in</strong>ce Edward Island Nova Scotia<br />

9


Construction at the <strong>Calgary</strong> Airport. Photo by Ewan Nicholson Photography.<br />

The northwest is also where Sunwest<br />

Aviation opened its new Aero<br />

Court location with three contemporary<br />

departure lounges and<br />

Thank you<br />

Wayne Chiu<br />

Wayne Chiu br<strong>in</strong>gs a brand of<br />

leadership <strong>in</strong> the bus<strong>in</strong>ess sector and<br />

community that is equal parts 21 st<br />

century <strong>in</strong>novation and classic <strong>Calgary</strong>.<br />

Along with wife and bus<strong>in</strong>ess partner<br />

Eleanor, Wayne has grown Trico Homes<br />

and the Trico Charitable Foundation <strong>in</strong>to<br />

major successes for both their bus<strong>in</strong>ess<br />

and community achievements.<br />

park<strong>in</strong>g for over 600 vehicles. Next<br />

door is the home of Million Air<br />

with plans for three hangars and a<br />

classy FBO (Fixed-Base Operations)<br />

We thank them for their longtime and<br />

generous support of Bow Valley College.<br />

In honour of this record of leadership<br />

we are proud to <strong>in</strong>troduce the<br />

newly named Bow Valley College<br />

Chiu School of <strong>Bus<strong>in</strong>ess</strong>.<br />

Chiu School of <strong>Bus<strong>in</strong>ess</strong><br />

build<strong>in</strong>g. Two 40,000-square-foot<br />

hangars are built and fully leased.<br />

North West Geomatics is <strong>in</strong> an<br />

adjo<strong>in</strong><strong>in</strong>g free-stand<strong>in</strong>g build<strong>in</strong>g<br />

and a new Acclaim Hotel on the<br />

far northwest corner of the airport<br />

overlook<strong>in</strong>g Deerfoot Trail is to be<br />

built offer<strong>in</strong>g 105 rooms and a restaurant<br />

<strong>in</strong> Phase 1.<br />

Over on the south side front<strong>in</strong>g<br />

onto McKnight Blvd., at Aviation<br />

Blvd., Atlas Development is well<br />

underway with its commercial<br />

developments where the drive-thru<br />

portion of a McDonald’s is open.<br />

And to the east of the Art Smith<br />

Aero Centre, Norcal Group is build<strong>in</strong>g<br />

Airways Cross<strong>in</strong>g; an 88,000-squarefoot<br />

facility to accommodate 18 bay<br />

units.<br />

I see as much activity at the airport<br />

as I see <strong>in</strong> many cities, but<br />

there is much more happen<strong>in</strong>g on<br />

lands surround<strong>in</strong>g YYC.<br />

Oxford, Melcor, Hopewell, Enright,<br />

Tr<strong>in</strong>ity, and WAM are some of the<br />

developers that will benefit <strong>in</strong> be<strong>in</strong>g<br />

close to the airport, the Queen Elizabeth<br />

II Highway and Stoney Trail.<br />

And with 96th Avenue NE now open<br />

over the Deerfoot to Airport Trail, I<br />

expect the city to beg<strong>in</strong> look<strong>in</strong>g at its<br />

stalled Aurora <strong>Bus<strong>in</strong>ess</strong> Park <strong>in</strong> Harvest<br />

Hills aga<strong>in</strong>. •<br />

10


Draw<strong>in</strong>g on three decades of experience<br />

Written by Mary Savage<br />

The P<strong>in</strong>nacle Group team at the design studio <strong>in</strong> <strong>Calgary</strong>,<br />

with their fleet of company vehicles.<br />

Photo by Mary Savage.<br />

Paul Klassen grew up sw<strong>in</strong>g<strong>in</strong>g a hammer; someth<strong>in</strong>g<br />

he’d learned from his father. In fact, by the age of<br />

n<strong>in</strong>e, he landed his first construction job under his<br />

father’s tutelage – reroof<strong>in</strong>g his grandfather’s house.<br />

Klassen could have pursued another field, but he found his<br />

passion <strong>in</strong> construction and by the time he was 23, he had<br />

his journeyman’s ticket <strong>in</strong> one hand and a newly established<br />

custom home company <strong>in</strong> the other. He was full of ambition<br />

and drive, and he knew he could achieve whatever he desired.<br />

Fast-forward three decades later, Klassen is still <strong>in</strong> the<br />

bus<strong>in</strong>ess, runn<strong>in</strong>g the highly successful P<strong>in</strong>nacle Group of<br />

Companies. However, he has traded <strong>in</strong> his tools for a tablet and<br />

now focuses his time on market<strong>in</strong>g and bus<strong>in</strong>ess development.<br />

P<strong>in</strong>nacle’s progress has been a comb<strong>in</strong>ation of many<br />

<strong>in</strong>fluences: <strong>in</strong>sight ga<strong>in</strong>ed from the honest feedback gathered<br />

from every client upon project completion by a<br />

third-party survey firm; Klassen’s <strong>in</strong>volvement found<strong>in</strong>g<br />

the <strong>Calgary</strong> chapter of RenoMark – dedicated to provid<strong>in</strong>g<br />

<strong>Calgary</strong> consumers with honest and ethical renovation<br />

companies; establish<strong>in</strong>g long-term trade partnerships that<br />

share <strong>in</strong> P<strong>in</strong>nacle’s goal of provid<strong>in</strong>g an unparalleled cus-<br />

tomer experience; and Klassen’s own personal growth that<br />

has most certa<strong>in</strong>ly <strong>in</strong>fluenced P<strong>in</strong>nacle’s vision.<br />

It was Klassen’s qu<strong>in</strong>tessential ‘aha’ moment on New Year’s<br />

Eve 2000 that def<strong>in</strong>itively redef<strong>in</strong>ed P<strong>in</strong>nacle’s design process<br />

and validated Klassen’s own motivation for cont<strong>in</strong>u<strong>in</strong>g the<br />

bus<strong>in</strong>ess. It was the realization that he could actually change<br />

the way a family lives and <strong>in</strong>teracts with<strong>in</strong> their home and<br />

ultimately support and encourage healthy family relationships.<br />

Enter P<strong>in</strong>nacle’s DNA process.<br />

The P<strong>in</strong>nacle Group has a very dist<strong>in</strong>ct approach when<br />

it comes to renovat<strong>in</strong>g or build<strong>in</strong>g a custom home; their<br />

philosophy is based on the pr<strong>in</strong>ciple of “creat<strong>in</strong>g homes for<br />

life.” This ideology is rooted <strong>in</strong> the concept that each space<br />

<strong>in</strong> a home should be an authentic representation of the client<br />

family, designed to complement each family member’s<br />

unique present and future lifestyle needs.<br />

This methodology beg<strong>in</strong>s with an <strong>in</strong>-depth dialogue to reveal<br />

how the client family wants to use their home, what’s important<br />

to them and evaluates their present and future needs.<br />

The result is the uncover<strong>in</strong>g of the family’s DNA: their Design<br />

requirements and their Needs both <strong>in</strong> Alignment.<br />

P<strong>in</strong>nacle Group of Companies | 30 th Anniversary | 1


222 -35 Ave N.E. <strong>Calgary</strong>,Alberta t2e 2k4<br />

222 -35 Ave N.E. <strong>Calgary</strong>,Alberta t2e 2k4<br />

“When you th<strong>in</strong>k about the home be<strong>in</strong>g the favourite<br />

place for a family, surpris<strong>in</strong>gly for many it’s not. It’s simply<br />

not set up that way and <strong>in</strong> order to change that, you need<br />

to understand the family’s ‘DNA,’” expresses Paul Klassen,<br />

City<br />

P<strong>in</strong>nacle to complete Group of Companies, founder and CEO.<br />

“The DNA means really understand<strong>in</strong>g your customer’s<br />

needs,” asserts Klassen. “We focus on the family first:<br />

what they need and how they <strong>in</strong>teract, both today and <strong>in</strong><br />

the future. We affect people’s lives and support the family<br />

nucleus by build<strong>in</strong>g better spaces, and <strong>in</strong> do<strong>in</strong>g so, we create<br />

HONOURS & AWARDS<br />

homes that foster a sense of wholeness, safety, relaxation<br />

and support.”<br />

P<strong>in</strong>nacle cont<strong>in</strong>ues to raise the bar and is the only Reno-<br />

Mark Renovator to guarantee their clients start date,<br />

completion date and cost, known as the P<strong>in</strong>nacle SCC<br />

Guarantee. In 2011, their efforts were recognized when<br />

they won the BBB Ethics Award; the only renovator to ever<br />

receive this accreditation.<br />

Today when Klassen looks at the company that he has<br />

spent his entire life build<strong>in</strong>g, shap<strong>in</strong>g and grow<strong>in</strong>g, a few<br />

adjectives come to m<strong>in</strong>d, “P<strong>in</strong>nacle Group is passionate, an<br />

<strong>in</strong>dustry leader, <strong>in</strong>tuitive and orig<strong>in</strong>al,” he notes.<br />

YEAR-ROUND LANDSCAPING INC.<br />

After spend<strong>in</strong>g a lifetime 222 <strong>in</strong> -35 the Ave N.E. <strong>in</strong>dustry, <strong>Calgary</strong>,Alberta t2e there 2k4 is one<br />

th<strong>in</strong>g YEAR-ROUND Klassen still enjoys LANDSCAPING tremendously: turn<strong>in</strong>g INC.<br />

over the<br />

keys upon project completion. “If we can impact one family,<br />

<strong>in</strong> one neighbourhood, <strong>in</strong> one community, what k<strong>in</strong>d of<br />

ripple effect will that have <strong>in</strong> the long run?” he asks with a<br />

h<strong>in</strong>t of excitement. •<br />

YEAR-ROUND LANDSCAPING INC.<br />

Congratulations to P<strong>in</strong>nacle Group!<br />

Wish<strong>in</strong>g you many more decades of success.<br />

GARY, CALGARY, AB T2E 2K4<br />

AB T2E 2K4<br />

Congratulations to Paul and the<br />

P<strong>in</strong>nacle Group!<br />

We wish you cont<strong>in</strong>ued success.<br />

CALGARY, AB T2E 2K4<br />

www.digilife.ca<br />

C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M<br />

10510 46 th Street SE<br />

<strong>Calgary</strong>, AB<br />

403-238-1100<br />

www.pacificstone.ca<br />

M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M<br />

C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y<br />

Congratulations, P<strong>in</strong>nacle Group!<br />

Proud to be work<strong>in</strong>g with you,<br />

and we wish you cont<strong>in</strong>ued success<br />

<strong>in</strong> the years ahead.<br />

www.prestigerail<strong>in</strong>gs.com<br />

2777 Hopewell Place, NE <strong>Calgary</strong> | sales@prestigerail<strong>in</strong>gs.com<br />

403.250.1020 | Toll free: 1.800.382.8502<br />

Congratulations to the team at P<strong>in</strong>nacle!<br />

Van Go Artisans (<strong>Calgary</strong>) Inc. congratulates<br />

<br />

<br />

403.620.6542<br />

Paul and THE PINNACLE GROUP<br />

<br />

on many successful years <strong>in</strong> bus<strong>in</strong>ess, fulfill<strong>in</strong>g the home<br />

renovation dreams of many Calgarians. It has been a<br />

pleasure work<strong>in</strong>g with you mak<strong>in</strong>g those dreams come true.<br />

As always, your high standards and ethical approach to the<br />

home renovation <strong>in</strong>dustry has set the standard. We wish you<br />

cont<strong>in</strong>ued success.<br />

P<strong>in</strong>nacle Group of Companies | 30 th Anniversary | 2


C M Y K C M Y K C M Y K C M Y K C M Y K<br />

It started with a conversation …<br />

A glimpse <strong>in</strong>side two case studies uncover smart, <strong>in</strong>sightful and highly<br />

functional solutions.<br />

Case Study: Spec Home Turned Spectacular<br />

Overview<br />

This client family bought the house because<br />

of its location with<strong>in</strong> the estate community of<br />

Bearspaw and their desire for an acreage lifestyle.<br />

However, they wanted to transform what was<br />

orig<strong>in</strong>ally a builder spec house <strong>in</strong>to a contemporary,<br />

tailored home that enriches their family’s<br />

lifestyle for years to come.<br />

Criteria<br />

• Convert a builder spec house <strong>in</strong>to a custom<br />

home with curb appeal appropriate for an estate<br />

acreage community.<br />

• Increase the square footage to support this family’s<br />

present and future needs.<br />

• Move the master bedroom to the ma<strong>in</strong> floor to enable a<br />

lifetime of liv<strong>in</strong>g.<br />

• Designate a separate floor and study area for their two<br />

preteen sons.<br />

• Create a ceil<strong>in</strong>g enhancement <strong>in</strong>spired by the d<strong>in</strong><strong>in</strong>g room<br />

light fixture purchased by the client three years prior.<br />

How was The Criteria Met?<br />

Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K<br />

Through the <strong>in</strong>tensive Design Discovery process,<br />

Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y Kreplaced C M Y K C M Y K C with M Y K C M a Y Kthree-car C M Y K C M Y K C attached M Y K C M Y K C M garage. Y K C M Y K C M The Y K C M universal<br />

Y K C M Y K C M Y K C M Y K C M Y<br />

K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y K C M Y<br />

they were able to determ<strong>in</strong>e this client family’s specific<br />

requirements of their renovation. This two-storey home<br />

was gutted to the studs add<strong>in</strong>g 800 sq. ft. to the ma<strong>in</strong><br />

floor; this accommodated the ma<strong>in</strong>-level master bedroom<br />

as well as a larger open-concept kitchen. The additional<br />

square footage also afforded a d<strong>in</strong><strong>in</strong>g alcove that features<br />

Visit Gallery 30 at P<strong>in</strong>nacleRenovations.ca for the entire Before/After Gallery<br />

a raised ceil<strong>in</strong>g and unique accent ceil<strong>in</strong>g tray and grid,<br />

<strong>in</strong>tegrat<strong>in</strong>g the previously purchased light fixture. The<br />

second storey is now a dedicated space for their sons’ bedrooms,<br />

bathrooms and study-loft, offer<strong>in</strong>g both a retreat<br />

and future study space through high school and beyond.<br />

An expansive mud room was developed to support acreage<br />

liv<strong>in</strong>g from the yard and garage entrances and a<br />

uniquely designed and beautifully furnished front foyer<br />

welcomes visit<strong>in</strong>g guests and family alike. As well, the<br />

previously detached s<strong>in</strong>gle-car garage was torn down and<br />

design <strong>in</strong>itiative with the location of the master bedroom<br />

on the ma<strong>in</strong> floor ensures this is a ‘forever home.’ Every<br />

design detail <strong>in</strong> this stunn<strong>in</strong>g makeover perfectly complements<br />

this client family’s lifestyle and truly accomplished<br />

their wish to have a home designed to evolve with the<br />

family’s chang<strong>in</strong>g needs for a lifetime of liv<strong>in</strong>g!<br />

Call us today for all of your<br />

heat<strong>in</strong>g and air condition<strong>in</strong>g needs<br />

403.477.3810<br />

www.Dist<strong>in</strong>ctHVAC.ca<br />

Congratulations to Paul and the P<strong>in</strong>nacle Group!<br />

P<strong>in</strong>nacle Group of Companies | 30 th Anniversary | 3


Case Study: Second-Generation Home Gets Revitalized<br />

Overview<br />

This second-generation walkout bungalow held many<br />

fond memories for the client family who desired to modernize<br />

the home and create an open-concept floor plan<br />

that would support the <strong>in</strong>tegration of future lifestyle<br />

requirements. Ag<strong>in</strong>g-<strong>in</strong>-place was identified as a priority<br />

dur<strong>in</strong>g the Design Discovery process. The result was a<br />

total transformation that required a complete “gut to the<br />

studs” makeover with every wall relocated.<br />

Criteria<br />

• Create a design rooted <strong>in</strong> timeless tradition with a h<strong>in</strong>t<br />

of v<strong>in</strong>tage.<br />

• Incorporate ag<strong>in</strong>g-<strong>in</strong>-place design <strong>in</strong>itiatives.<br />

• Open up site l<strong>in</strong>es.<br />

• Reduce the carbon footpr<strong>in</strong>t of the home.<br />

How Was the Criteria Met?<br />

Essential to this universal design was an open-concept<br />

ma<strong>in</strong> floor plan that would accommodate all future<br />

liv<strong>in</strong>g needs. The sunken foyer was raised to one level<br />

and various features were <strong>in</strong>corporated: widened doorways,<br />

curbless showers, wir<strong>in</strong>g for future <strong>in</strong>tercoms and<br />

rough-<strong>in</strong>s for wheelchair lifts. The kitchen was doubled<br />

<strong>in</strong> size provid<strong>in</strong>g full sight l<strong>in</strong>es from the d<strong>in</strong><strong>in</strong>g area<br />

<strong>in</strong>to the kitchen. The stairwell to the lower level was<br />

Visit Gallery 24 at P<strong>in</strong>nacleRenovations.ca for the entire Before/After Gallery<br />

opened up with an open rail<strong>in</strong>g system and a doublesided<br />

fireplace was added <strong>in</strong> the master and liv<strong>in</strong>g room.<br />

The carbon footpr<strong>in</strong>t of this aged home was reduced by<br />

thicken<strong>in</strong>g outside walls and replac<strong>in</strong>g w<strong>in</strong>dows, attic<br />

<strong>in</strong>sulation, and the furnace and hot-water tanks. The<br />

end result was an <strong>in</strong>novative, custom-designed liv<strong>in</strong>g<br />

space that better reflects the client’s current and future<br />

lifestyle needs, at the same time preserv<strong>in</strong>g the exterior<br />

<strong>in</strong>tegrity found <strong>in</strong> homes located <strong>in</strong> the esteemed neighbourhood<br />

of Willow Park.<br />

www.p<strong>in</strong>naclerenovations.ca | 403.720.8789<br />

Congratulations to<br />

P<strong>in</strong>nacle Group!<br />

403-248-0037 | service@4starelectric.com<br />

www.4starelectric.com<br />

P<strong>in</strong>nacle Group of Companies | 30 th Anniversary | 4


Sunik Roof<strong>in</strong>g<br />

Cont<strong>in</strong>ues Legacy of<br />

Leadership<br />

at 25 th<br />

Anniversary<br />

By Shelly Brimble<br />

<strong>Calgary</strong>-based Sunik Roof<strong>in</strong>g has been<br />

build<strong>in</strong>g a bus<strong>in</strong>ess based on <strong>in</strong>troduc<strong>in</strong>g<br />

<strong>in</strong>novations and becom<strong>in</strong>g a leader <strong>in</strong> the<br />

slope-roof<strong>in</strong>g sector which is a formula for success<br />

as they celebrate their 25 th anniversary.<br />

Founder and president, Nick Sims, began roof<strong>in</strong>g<br />

<strong>in</strong> the 1970s <strong>in</strong> the United States where he learned<br />

and developed <strong>in</strong>novations that were years ahead<br />

of practices used <strong>in</strong> <strong>Calgary</strong>. There he built his skill<br />

foundation by runn<strong>in</strong>g roof<strong>in</strong>g crews and learn<strong>in</strong>g<br />

the operational tools for success.<br />

Upon return<strong>in</strong>g to <strong>Calgary</strong>, Nick envisioned a<br />

new career path, but his background soon drew him<br />

back to roof<strong>in</strong>g. So <strong>in</strong> 1987 he opened Sunik Enterprises<br />

with his wife, Sue Sims, creat<strong>in</strong>g a name that<br />

comb<strong>in</strong>ed theirs. Together they subcontracted work<br />

from other contractors until they changed the name<br />

to Sunik Construction Incorporated <strong>in</strong> 1989.<br />

Above: the team at Sunik Roof<strong>in</strong>g.<br />

Below: the company fleet and office <strong>in</strong> <strong>Calgary</strong>.<br />

Sunik Roof<strong>in</strong>g | 25 th Anniversary | 1


A found<strong>in</strong>g pr<strong>in</strong>ciple of Sunik is to build the team from<br />

the ground up. They look for young ambitious candidates<br />

and spend the time to tra<strong>in</strong> them and develop their career.<br />

This philosophy led to the addition of co-owner Lowell<br />

McNichol, who came on board <strong>in</strong> 1990 as a labourer and<br />

later a partner <strong>in</strong> 1996.<br />

S<strong>in</strong>ce then, Nick’s sons (Nicholas Sims and Nathan Sims)<br />

have also jo<strong>in</strong>ed the Sunik team and become an <strong>in</strong>tegral<br />

part of the company. “We have created a legacy that will<br />

cont<strong>in</strong>ue to grow through the next generation,” adds Nick.<br />

Sue has taken the re<strong>in</strong>s <strong>in</strong> the office, implement<strong>in</strong>g <strong>in</strong>novative<br />

operational solutions while Nick and Lowell manage<br />

the crews, <strong>in</strong>troduc<strong>in</strong>g groundbreak<strong>in</strong>g practices that cont<strong>in</strong>ue<br />

to impact the slope-roof<strong>in</strong>g <strong>in</strong>dustry.<br />

Throughout the last 25 years, Sunik has serviced almost<br />

15,000 customers throughout <strong>Calgary</strong> and surround<strong>in</strong>g<br />

areas. The company now operates a fleet of vehicles from a<br />

10,000-square-foot comb<strong>in</strong>ed office and shop on a half acre<br />

with a fenced yard.<br />

A majority of their bus<strong>in</strong>ess is reroof<strong>in</strong>g through customer<br />

referral. “We pride ourselves on provid<strong>in</strong>g exceptional<br />

customer service,” Nick says. This focus on customer satisfaction<br />

is reflected <strong>in</strong> the fact that they are a four-time<br />

recipient of the Consumer Choice Awards.<br />

Sunik ensures each job, send<strong>in</strong>g qualified journeymen to<br />

<strong>in</strong>spect the f<strong>in</strong>al product. This double-check<strong>in</strong>g cont<strong>in</strong>ues to<br />

reduce leak ratios year over year while further enhanc<strong>in</strong>g<br />

the customer satisfaction.<br />

“Anybody can do a great job, but when there is a screw up,<br />

that is when you f<strong>in</strong>d out how great a company is,” adds Nick.<br />

Sunik goes the extra mile with their warranties ensur<strong>in</strong>g<br />

that when they are at fault, the customer’s house is put back<br />

403.291.1013 | www.shoemakerdrywall.com<br />

403.560.4024 | tritonext@shaw.ca<br />

Congratulations to Sunik on 25 great years<br />

of bus<strong>in</strong>ess! Wish<strong>in</strong>g you many great years to come.<br />

~ from all of us at Triton Exteriors Inc.<br />

Congratulations<br />

to Sunik Roof<strong>in</strong>g<br />

on their<br />

25 th<br />

Anniversary!<br />

Residential & Commercial<br />

concrete seal ceil<strong>in</strong>g textur<strong>in</strong>g spantex knock Residential down hand & design Commercial resprays<br />

Wish<strong>in</strong>g Sunik Roof<strong>in</strong>g many more years of success!<br />

www.bigalstextur<strong>in</strong>g.ca | 403-210-1352<br />

concrete seal ceil<strong>in</strong>g textur<strong>in</strong>g spantex knock down hand design resprays<br />

www.bigalstextur<strong>in</strong>g.ca | 403-210-1352<br />

Fi<br />

rst <strong>in</strong> qualit<br />

ity...<br />

WWW.MALARKEYROOFING.COM<br />

At Malarkey Roof<strong>in</strong>g Products ® ,<br />

we manufacture reliable and<br />

durable products to provide the<br />

highest quality with the most<br />

security for all weather<br />

conditions.<br />

25<br />

Congratulations<br />

Sunik Roof<strong>in</strong>g<br />

on 25 years!<br />

Malarkey’s quality roof<strong>in</strong>g<br />

products are located at<br />

Sunik Roof<strong>in</strong>g locations<br />

Sunik Roof<strong>in</strong>g | 25 th Anniversary | 2


to its orig<strong>in</strong>al condition. Most roof<strong>in</strong>g contractors will only<br />

repair the roof, but Sunik repairs all of the damage, <strong>in</strong>clud<strong>in</strong>g<br />

replac<strong>in</strong>g damaged personal belong<strong>in</strong>gs.<br />

Sunik Roof<strong>in</strong>g is four-time recipient of the Consumer Choice Awards<br />

Innovations<br />

When they began their partnership they had a unified<br />

vision of becom<strong>in</strong>g a leader <strong>in</strong> the slope-roof<strong>in</strong>g <strong>in</strong>dustry.<br />

Throughout the years, they cont<strong>in</strong>ued to strive to not only<br />

enhance their bus<strong>in</strong>ess, but also volunteer <strong>in</strong> positions that<br />

would also impact their entire sector.<br />

“When I started here, I <strong>in</strong>troduced pneumatic nailers<br />

<strong>in</strong>to roof<strong>in</strong>g <strong>in</strong>stallations that significantly impacted the<br />

workflow of roof<strong>in</strong>g crews,” says Nick. At that time, crews<br />

were manually nail<strong>in</strong>g each sh<strong>in</strong>gle, so it would take them<br />

several days to complete each house. This technique has<br />

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Color Tec’s would like to<br />

congratulate Lowell and the<br />

entire team at Sunik Roof<strong>in</strong>g for<br />

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Always a pleasure work<strong>in</strong>g together!<br />

Sunik Roof<strong>in</strong>g | 25 th Anniversary | 3


www.sunik.com | 403.280.2803<br />

optimized roof<strong>in</strong>g crews that can now complete up to 1.5 to<br />

two houses per day.<br />

Lowell also developed a specialized spreadsheet program<br />

to simplify the estimate process. “This enabled us to become<br />

one of the first companies to be able to provide a professional<br />

bid with a wide product selection pr<strong>in</strong>ted <strong>in</strong> the trucks<br />

on site,” says Lowell.<br />

Throughout the years Sunik has specialized <strong>in</strong> residential<br />

roof<strong>in</strong>g, however, they have done many commercial projects<br />

with slope-roof<strong>in</strong>g architecture. In addition, Sunik has<br />

become a preferred cedar sh<strong>in</strong>gle roofer and are an active<br />

member of the Cedar Shake and Sh<strong>in</strong>gle Bureau ensur<strong>in</strong>g<br />

they keep pace with <strong>in</strong>dustry <strong>in</strong>novations and practices.<br />

Leadership<br />

Throughout the years, the Sunik partners have also<br />

become leaders <strong>in</strong> tra<strong>in</strong><strong>in</strong>g, safety and education throughout<br />

the <strong>in</strong>dustry.<br />

Nick served three years as president of the Alberta Allied<br />

Roof<strong>in</strong>g Association (AARA). He then served six years on<br />

the prov<strong>in</strong>cial apprenticeship committee (PAC) where he<br />

played an important role <strong>in</strong> the development and implementation<br />

of slope-roof<strong>in</strong>g content for the apprenticeship<br />

program for roofers. Lowell cont<strong>in</strong>ued the tradition serv<strong>in</strong>g<br />

on the PAC for six years and as a director for the AARA for<br />

three years. Nicholas Jr. is start<strong>in</strong>g his first term on the PAC.<br />

Nick has also served as a Better <strong>Bus<strong>in</strong>ess</strong> Bureau (BBB)<br />

executive director for more than 13 years and <strong>in</strong> his role<br />

encourages other roof<strong>in</strong>g companies to jo<strong>in</strong> the BBB. “I<br />

welcome new members because I also believe it makes our<br />

<strong>in</strong>dustries better as BBB members must adhere to a strict<br />

code of ethics,” Nick adds. Sunik has also been a recipient<br />

of the 2000 BBB Ethics Award for small bus<strong>in</strong>ess.<br />

Safety<br />

Sunik has always had a focus on safety. Nick has served<br />

on several government safety committees, they have implemented<br />

a formal safety program and are members of the<br />

Alberta Construction Safety Association. Lowell says, “This<br />

means that all of our crews must comply to strict safety<br />

practices.”<br />

Each crew must have at least one member of their roof<strong>in</strong>g<br />

crew certified with St. John’s first aid tra<strong>in</strong><strong>in</strong>g and all must<br />

have fall protection certification. But they also take this one<br />

step further mak<strong>in</strong>g sure any subtrades are properly tra<strong>in</strong>ed<br />

and have a safety officer. “We have even coord<strong>in</strong>ated this<br />

tra<strong>in</strong><strong>in</strong>g for others because we believe <strong>in</strong> mak<strong>in</strong>g this a safer<br />

<strong>in</strong>dustry,” adds Lowell.<br />

Expand<strong>in</strong>g<br />

Sunik cont<strong>in</strong>ues to broaden its service zone around <strong>Calgary</strong><br />

and now serves from as far north to Airdrie, east to<br />

Strathmore, west to Banff and south to High River.<br />

Their service region expanded further south <strong>in</strong> 2013, when<br />

Sunik began their goal of expand<strong>in</strong>g throughout Alberta by<br />

open<strong>in</strong>g their first regional office <strong>in</strong> Lethbridge where they<br />

also service P<strong>in</strong>cher Creek and Fort Macleod.<br />

The new location, headed by co-owner Ruben Guimond,<br />

is grow<strong>in</strong>g rapidly serv<strong>in</strong>g surround<strong>in</strong>g areas that are <strong>in</strong> an<br />

area prone to strong w<strong>in</strong>d and hailstorms. This led to the<br />

use of new <strong>in</strong>novations such as asphalt-based sh<strong>in</strong>gles that<br />

have rubber content to help them stand up to hail and w<strong>in</strong>d.<br />

“They can also be <strong>in</strong>stalled <strong>in</strong> cold weather and actually last<br />

<strong>in</strong> Alberta’s unique weather system,” says Lowell.<br />

“This is our first move <strong>in</strong>to another market outside <strong>Calgary</strong><br />

and it will not be our last,” adds Nick. •<br />

Congratulations Sunik on 25 Years!<br />

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Sunik Roof<strong>in</strong>g | 25 th Anniversary | 4


Not Your Average Law Firm…<br />

Written by Mary Savage<br />

Photos by Bookstrucker Photography<br />

“I love tak<strong>in</strong>g someth<strong>in</strong>g cognitive - like<br />

systems - and pull<strong>in</strong>g it apart to make it<br />

more efficient, and that’s what law is all<br />

about. You have to figure out how to best<br />

represent your client with<strong>in</strong> the framework<br />

of the legal system and rules.”<br />

- Jeff Kahane, Kahane Law Office,<br />

founder and manag<strong>in</strong>g partner<br />

Inside Kahane Law Office, there are<br />

no false airs – noth<strong>in</strong>g pretentious –<br />

just ord<strong>in</strong>ary people who have chosen<br />

a career <strong>in</strong> the legal field and take great<br />

pride <strong>in</strong> help<strong>in</strong>g other ord<strong>in</strong>ary people<br />

build or rebuild a better life.<br />

Ten years ago, Jeff Kahane started with<br />

a paralegal, a small rented space and 30<br />

files a month. Over the past decade, he<br />

has grown the firm with a mix of precision<br />

and passion. Kahane’s goals are simple:<br />

to provide the best legal guidance possible<br />

while cultivat<strong>in</strong>g an environment that<br />

makes clients feel welcome and at ease.<br />

“You have to know the ‘rules’ and case<br />

law to understand the framework you’re<br />

operat<strong>in</strong>g with<strong>in</strong>. I’m always amazed at<br />

the number of lawyers who don’t know<br />

the rules, so when someone comes along<br />

and tells you what the rules are – that<br />

you’re not aware of – you’ve just lost,” he<br />

adds.<br />

Not surpris<strong>in</strong>gly, the majority of Kahane’s<br />

bus<strong>in</strong>ess is referral-driven and<br />

today, the thriv<strong>in</strong>g firm has a staff of<br />

22 people. They have a loyal follow<strong>in</strong>g<br />

among social media and post a new video<br />

on ‘YouTube’ every week. At last count,<br />

they had <strong>in</strong> excess of 16,000 ‘YouTube’<br />

followers.<br />

Kahane Law Office | 10 th Anniversary | 1


The Right Fit<br />

Along the west wall of their build<strong>in</strong>g sits an empty<br />

office; they have room to hire one more lawyer, but<br />

accord<strong>in</strong>g to Kahane it has to be the right fit.<br />

Credentials aside, one of Kahane’s favourite questions<br />

asks the follow<strong>in</strong>g, “If you were a cheese, what k<strong>in</strong>d of<br />

cheese would you be?”<br />

Don’t be fooled, it cuts to the chase.<br />

“The question tells us a lot about the candidate’s personality,<br />

sense of humour, logic and like traits. Some<br />

people laugh and refuse to answer it, others tell us what<br />

k<strong>in</strong>d of cheese they like to eat and some give us a very<br />

logical, detailed description. My staff now understand<br />

the value <strong>in</strong> ask<strong>in</strong>g the question,” adds Kahane with a<br />

tw<strong>in</strong>kle <strong>in</strong> his eye.<br />

And Kahane’s bus<strong>in</strong>ess practices have not gone unnoticed.<br />

In year’s prior, the firm was selected among the<br />

<strong>Calgary</strong> Choice Awards and recognized by <strong>Calgary</strong> Inc.<br />

magaz<strong>in</strong>e as one of the ‘best places to work.’<br />

As Kahane has observed, there are two th<strong>in</strong>gs he truly enjoys<br />

about law: the people and the <strong>in</strong>tellectual component. “I am<br />

motived – 100 per cent – by <strong>in</strong>ternal drivers and if I’m passionate<br />

about someth<strong>in</strong>g, I simply run with it,” notes Kahane.<br />

He has become one of the most sought-after lawyers<br />

when it comes to real estate transactions – field<strong>in</strong>g calls<br />

from across the country because he is so well-versed. “On<br />

any given month, we touch about 10-15 per cent of the<br />

total real estate transactions <strong>in</strong> the city – up significantly<br />

from the real estate boom <strong>in</strong> 2007,” adds Kahane.<br />

Congratulations<br />

Kranq Courier is proud to congratulate<br />

Kahane Law on 10 years of excellence.<br />

We offer our best wishes to you and<br />

your cont<strong>in</strong>ued success,<br />

from your dedicated delivery team.<br />

Congratulations to Kahane Law<br />

on your 10 th Anniversary!<br />

www.bowriverfoods.com | 403.253.8423<br />

Kahane Law Office | 10 th Anniversary | 2


www.kahanelaw.com | 403.225.8810<br />

The firm has also established itself as a formidable team<br />

when handl<strong>in</strong>g commercial and corporate matters, family<br />

law and guardianship orders, probate, wills and estates,<br />

immigration, litigation and labour employment – they are<br />

a full-service firm.<br />

“In an <strong>in</strong>dustry that’s notorious for unreturned phone<br />

calls, I return every call and try to do so by the close of<br />

every day – that alone contributes to a significant part of<br />

our growth,” asserts Kahane. “We provide a very personal-<br />

ized level of service, so when my phone r<strong>in</strong>gs, I answer the<br />

call and the same applies for email. Our mandate is to keep<br />

our clients happy and we ma<strong>in</strong>ta<strong>in</strong> those relationships for<br />

a long time, but I couldn’t have built this firm without the<br />

exceptional people that are around me.” •<br />

FCT is proud to partner with<br />

the Kahane Law Office<br />

And congratulates<br />

them on 10 years<br />

of excellence<br />

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Kahane Law Office | 10 th Anniversary | 3


Hand-crafted excellence.<br />

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100 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Lead<strong>in</strong>g <strong>Bus<strong>in</strong>ess</strong><br />

Connect<strong>in</strong>g to solve bus<strong>in</strong>ess challenges<br />

MARCH 2014<br />

Support<strong>in</strong>g <strong>Calgary</strong>’s<br />

Mid-Market Companies<br />

Over the past five years Alberta has held the highest<br />

rate of bus<strong>in</strong>ess growth per capita throughout<br />

the country. Mid-market companies (companies with<br />

50-500 employees) play a very significant role <strong>in</strong> Alberta’s<br />

economy with over 6,600 mid-size bus<strong>in</strong>esses <strong>in</strong> Alberta.<br />

Stemm<strong>in</strong>g from our entrepreneurial culture, <strong>Calgary</strong> has<br />

a special breed of mid-market companies that don’t always<br />

receive the recognition they deserve. This is a place where<br />

family run bus<strong>in</strong>esses can turn <strong>in</strong>to 100 million dollar companies.<br />

These are the companies that through hard work and<br />

determ<strong>in</strong>ation, have risen from the ranks of small bus<strong>in</strong>ess.<br />

Increas<strong>in</strong>gly, <strong>Calgary</strong> based bus<strong>in</strong>esses <strong>in</strong> <strong>in</strong>dustries like<br />

technology, natural resource extraction, biotechnology and<br />

software are discover<strong>in</strong>g that they are among the best <strong>in</strong> the<br />

world <strong>in</strong> their respective area, and that they can and must<br />

compete on a global scale. To do this they need to grow.<br />

Statistics show that mid-sized firms are decl<strong>in</strong><strong>in</strong>g <strong>in</strong> Canada:<br />

17 per cent between 2006 and 2010. We have to stop<br />

this. To stop this we need to address some critical issues fac<strong>in</strong>g<br />

mid-sized companies – primarily access to capital and<br />

availability of human resources accord<strong>in</strong>g to BDC.<br />

These issues result <strong>in</strong> far too many mid-market companies<br />

shr<strong>in</strong>k<strong>in</strong>g back <strong>in</strong>to small bus<strong>in</strong>esses, or gett<strong>in</strong>g stuck at a<br />

mid-size rather than turn<strong>in</strong>g <strong>in</strong>to the large world-compet<strong>in</strong>g<br />

companies they should be.<br />

Mid-market companies often need substantial capital to<br />

move their bus<strong>in</strong>ess forward. Access to capital can be a challenge<br />

for companies of all sizes, but mid-sized companies<br />

are affected even more. There are a variety of capital pools<br />

exclusive to small bus<strong>in</strong>esses, and large companies have the<br />

reach to access larger capital markets due to their size, balance<br />

sheets and covenants. This leaves mid-sized companies<br />

feel<strong>in</strong>g <strong>in</strong> need of help. This past year has been particularity<br />

difficult for mid-sized companies as <strong>in</strong>vestment <strong>in</strong> Alberta<br />

has been slow, and the bar to be considered keeps ris<strong>in</strong>g.<br />

Solutions to this might be the establishment of <strong>in</strong>novative<br />

capital funds, pooled from a variety of <strong>in</strong>vestors and<br />

sources that target highly qualified mid-sized firms. Midsized<br />

companies can often be less risky than start-ups, and<br />

may therefore be a more attractive <strong>in</strong>vestment. Pooled funds<br />

that <strong>in</strong>vest <strong>in</strong> a variety of sectors can spread the risk across<br />

different economic drivers.<br />

F<strong>in</strong>d<strong>in</strong>g and reta<strong>in</strong><strong>in</strong>g quality employees is particularly<br />

concern<strong>in</strong>g for mid-sized firms look<strong>in</strong>g to grow quickly and<br />

expand their expertise. When grow<strong>in</strong>g a mid-sized company<br />

you need to add top-notch employees quickly; high performers<br />

that can function right away with limited onboard<strong>in</strong>g<br />

time. In addition, many mid-sized bus<strong>in</strong>esses are often fundamentally<br />

chang<strong>in</strong>g and there is a need to develop new<br />

expertise <strong>in</strong> runn<strong>in</strong>g a larger company: ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g marg<strong>in</strong>s,<br />

ensur<strong>in</strong>g regulatory compliance and manag<strong>in</strong>g risks<br />

at scale.<br />

We must cont<strong>in</strong>ue our efforts to tra<strong>in</strong> and educate Canadians<br />

<strong>in</strong> the necessary roles and occupations, as well as<br />

tapp<strong>in</strong>g <strong>in</strong>to overlooked pools of labour, such as Aborig<strong>in</strong>al<br />

people and mature workers. We also need to ensure skilled<br />

immigrants are able to get to work quickly <strong>in</strong> their tra<strong>in</strong>ed<br />

field.<br />

We, as a city need to support and empower our <strong>in</strong>dustry,<br />

especially our essential mid-size companies. In light of this,<br />

the <strong>Calgary</strong> Chamber has developed program<strong>in</strong>g specifically<br />

to assist mid-market companies <strong>in</strong> the com<strong>in</strong>g year. The<br />

Chamber is conduct<strong>in</strong>g research, host<strong>in</strong>g roundtable sessions,<br />

and network<strong>in</strong>g events to allow leaders <strong>in</strong> <strong>Calgary</strong>’s<br />

mid-market the opportunity to grow the segment and support<br />

each other’s development <strong>in</strong>to new markets.<br />

For more <strong>in</strong>formation on the Chamber’s mid-market <strong>in</strong>itiatives<br />

visit: <strong>Calgary</strong>Chamber.com<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 101


2014 Board of<br />

Directors<br />

Executive<br />

Chair: Leah Lawrence, President, Clean<br />

Energy Capitalists Inc.<br />

Immediate Past Chair:<br />

Joe Lougheed, Partner, Dentons<br />

Canada LLP<br />

Chair Elect: Rob Hawley, Partner,<br />

PricewaterhouseCoopers LLP<br />

Second Vice Chair:<br />

Denis Pa<strong>in</strong>chaud, Director, International<br />

Government Relations, Nexen Inc.<br />

Vice Chair, F<strong>in</strong>ance: Bill Brunton,<br />

President, Stratus Market<strong>in</strong>g Inc.<br />

CEO: Adam Legge, President<br />

and CEO, <strong>Calgary</strong> Chamber<br />

Directors<br />

David Allen, President, <strong>Calgary</strong> Land,<br />

Brookfield Residential Properties Inc.<br />

Carlos Alvarez, Audit Partner, KPMG<br />

Lorenzo DeCicco, Vice-President, TELUS<br />

<strong>Bus<strong>in</strong>ess</strong> Solutions<br />

Rob Hawley, Partner,<br />

PricewaterhouseCoopers LLP<br />

Well<strong>in</strong>gton Holbrook,<br />

Executive Vice-President, ATB F<strong>in</strong>ancial<br />

Guy Hunt<strong>in</strong>gford, Chief Executive<br />

Officer, Urban Development Institute<br />

Bruce Okabe, Chief Executive Officer,<br />

Travel Alberta<br />

Phil Roberts, Vice-President, Axia<br />

NetMedia Corp<br />

L<strong>in</strong>da Shea, Senior Vice-President,<br />

AltaL<strong>in</strong>k<br />

Mike Williams, Executive Vice-President,<br />

Tervita Corporation<br />

Management<br />

Adam Legge – President and CEO<br />

Michael Andriescu – Director of F<strong>in</strong>ance<br />

and Adm<strong>in</strong>istration<br />

Kim Koss – Vice President, <strong>Bus<strong>in</strong>ess</strong><br />

Development<br />

Scott Crockatt – Director of Market<strong>in</strong>g<br />

and Communications<br />

Rebecca Wood –<br />

Director of Member Services<br />

Just<strong>in</strong> Smith –<br />

Director of Policy, Research and<br />

Government Relations<br />

Chamber Member<br />

Spotlights<br />

The <strong>Calgary</strong> Chamber is proud to represent many <strong>Calgary</strong> bus<strong>in</strong>esses large and<br />

small; this month we are highlight<strong>in</strong>g some of our <strong>in</strong>dustry lead<strong>in</strong>g members.<br />

ConocoPhillips Canada<br />

ConocoPhillips Canada (CPC) is one of the country’s largest oil and natural gas production<br />

and exploration companies. Headquartered <strong>in</strong> <strong>Calgary</strong>, the company is a lead<strong>in</strong>g producer of<br />

natural gas and liquids, with a world-class portfolio of assets <strong>in</strong> Western Canada, the Arctic,<br />

and oilsands <strong>in</strong>terests near Fort McMurray.<br />

ConocoPhillips Canada began over 100 years ago. Today, the company has 2,400 full-time<br />

employees and contractors. With a talented workforce, an <strong>in</strong>tegrated asset base and a proven<br />

record of production success, the company is poised to become Canada’s leader <strong>in</strong> the discovery<br />

and responsible development of oil and gas assets.<br />

For more <strong>in</strong>formation visit ConocoPhillips.ca.<br />

Saipem Canada<br />

Saipem Canada Inc. is a leader <strong>in</strong> turnkey eng<strong>in</strong>eer<strong>in</strong>g, procurement and construction (EPC)<br />

projects with a particular focus <strong>in</strong> the oil and gas <strong>in</strong>dustry. With its headquarters located <strong>in</strong><br />

<strong>Calgary</strong>, Saipem Canada is focused on becom<strong>in</strong>g the pr<strong>in</strong>cipal source for ref<strong>in</strong>ery and gas plants,<br />

chemical, petrochemical, fertilizer plants, onshore pipel<strong>in</strong>e systems, <strong>in</strong>frastructure, power and<br />

environmental plants. Saipem Canada has been operat<strong>in</strong>g nationwide for over 20 years.<br />

With <strong>in</strong>novations <strong>in</strong> research and development, a diverse and expand<strong>in</strong>g workforce, a commitment<br />

to health and safety, and with the goal of reduc<strong>in</strong>g their environmental footpr<strong>in</strong>t, the<br />

future of Saipem Canada is bright.<br />

For more <strong>in</strong>formation visit Snamprogetti.ca.<br />

Lead<strong>in</strong>g <strong>Bus<strong>in</strong>ess</strong> magaz<strong>in</strong>e is a<br />

co-publication of the <strong>Calgary</strong> Chamber<br />

and <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Calgary</strong><br />

<strong>Calgary</strong> Chamber<br />

600, 237 8th Avenue S.E.<br />

<strong>Calgary</strong>, Alberta<br />

T2G 5C3<br />

Phone: (403) 750-0400<br />

Fax: (403) 266-3413<br />

calgarychamber.com<br />

SPECTACLE<br />

Bureau for Architecture and Urbanism<br />

SPECTACLE<br />

SPECTACLE is an <strong>in</strong>ternationally oriented architecture office work<strong>in</strong>g across the fields of<br />

architecture, urbanism, landscape and object design. The company approaches diverse project<br />

types and scales with a balance of expert knowledge and <strong>in</strong>novational th<strong>in</strong>k<strong>in</strong>g, constantly<br />

re-evaluat<strong>in</strong>g the potential and manifestation of architectural types and hybridizations.<br />

SPECTACLE enthusiastically seeks out the ambiguous gaps between the sublime and the<br />

everyday, strategic tactics and <strong>in</strong>tuitive reactions, theory and execution, high and low culture,<br />

opportunistic maximization and long-term strategies, the study of history and the pursuit of<br />

progress, and the discipl<strong>in</strong>e of architecture and its professional practice. The found<strong>in</strong>g partners<br />

have worked with notable offices <strong>in</strong> <strong>Calgary</strong>, Montreal, Barcelona and Rotterdam.<br />

For more <strong>in</strong>formation visit Spectacle-Bureau.com.<br />

102 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Upcom<strong>in</strong>g Events<br />

Wednesday, March 26, 2014<br />

PeerSpectives<br />

7am - 11am | meets monthly<br />

For more <strong>in</strong>formation, and to apply to this session, or another PeerSpectives roundtable group,<br />

please contact ericajago@calgarychamber.com.<br />

Are you a bus<strong>in</strong>ess leader struggl<strong>in</strong>g with the unique challenges of a fast-grow<strong>in</strong>g company? Are you look<strong>in</strong>g for a<br />

high value/low cost way to learn to run your bus<strong>in</strong>ess more successfully <strong>in</strong> order to take it to the next level? Are you<br />

encounter<strong>in</strong>g decisions that you have never had to face before? As a leader of an organization you may wonder<br />

where to turn for help. Our new PeerSpectives roundtable program may just be the th<strong>in</strong>g you need.<br />

This month, the <strong>Calgary</strong> Chamber has <strong>in</strong>troduced a unique, world class CEO roundtable program called PeerSpective<br />

to assist companies <strong>in</strong> their growth stage.<br />

PeerSpectives developed by the Edward Lowe Foundation, and based on the pr<strong>in</strong>ciples of peer learn<strong>in</strong>g is a roundtable<br />

format that is designed particularly for leaders of second-stage companies (companies that have moved beyond<br />

the startup phase and are focused on steady, susta<strong>in</strong>able growth).<br />

PeerSpectives is delivered by a certified facilitator that ensures a balanced discussion that is not dom<strong>in</strong>ated by any<br />

one issue or <strong>in</strong>dividual. In a trusted and confidential environment, participants ga<strong>in</strong> real-time feedback on sensitive<br />

bus<strong>in</strong>ess issues from their peers who are fac<strong>in</strong>g, or might have faced a similar issue.<br />

A key element that sets PeerSpectives apart from other roundtable programs is the no advice rule, where participants<br />

share experiences rather than give advice, which dramatically changes the dynamics of the discussion.<br />

Issue topics <strong>in</strong>clude:<br />

• Company culture<br />

• Personnel decisions<br />

• Customers<br />

• Direction of the organization<br />

• Market<strong>in</strong>g<br />

• Product development<br />

• Succession plann<strong>in</strong>g<br />

• F<strong>in</strong>ances<br />

Criteria for Program<br />

• A <strong>Calgary</strong> Chamber member <strong>in</strong> good stand<strong>in</strong>g<br />

• A second-stage bus<strong>in</strong>ess owner, CEO, president or<br />

partner of a high growth company<br />

• Have 10 – 99 employees<br />

• Yearly revenue is between $1 million and $5 million<br />

• Committed to be<strong>in</strong>g available for 4 hours once a<br />

month<br />

Annual <strong>in</strong>vestment is $825 plus GST (depend<strong>in</strong>g on membership level you may qualify for an additional discount).<br />

• Includes eight four-hour sessions and a hot breakfast<br />

Roundtable Information<br />

The <strong>Calgary</strong> Chamber plans to run PeerSpectives roundtable groups throughout the year.<br />

The first roundtable group will commence on March 26, 2014, and will take place on the last Wednesday of each<br />

month from 7:00am - 11:00am with breakfast <strong>in</strong>cluded.<br />

If you or someone you know would like to participate <strong>in</strong> one of the PeerSpectives Roundtable groups, please contact<br />

Erica Jago at ejago@calgarychamber.com or 403-750-0440.<br />

For details and to purchase tickets for any of the <strong>Calgary</strong> Chamber’s events please visit <strong>Calgary</strong>Chamber.com.<br />

104 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Calgarians support<br />

Convention Centre<br />

expansion<br />

In December 2013, The <strong>Calgary</strong> TELUS Convention Centre (CTCC) conducted<br />

a public perception study. The aim of the study was to assess public op<strong>in</strong>ion<br />

related to the proposed expansion of the facility.<br />

Highlights of the study <strong>in</strong>clude:<br />

• The CTCC is well used and liked by Calgarians. Almost 40% of research<br />

participants have attended at least one event at the Convention Centre<br />

with<strong>in</strong> the last year. This is a high percentage for a city the size of<br />

<strong>Calgary</strong> and demonstrates the importance of the Centre to Calgarians<br />

and visitors to our city.<br />

• Calgarians cont<strong>in</strong>ue to appreciate the value the Convention Centre<br />

br<strong>in</strong>gs to the city’s vibrancy and economic prosperity.<br />

• Calgarians believe our convention centre should be able to compete<br />

with convention facilities located <strong>in</strong> cities of similar or larger size.<br />

Calgarians also recognize our competitiveness is erod<strong>in</strong>g due to the<br />

size limitations of our current Convention Centre.<br />

• Almost two thirds of those <strong>in</strong>terviewed believe that the CTCC will be<br />

too small for <strong>Calgary</strong>’s needs with<strong>in</strong> the next decade.<br />

The survey questions focused on a number of different areas of <strong>in</strong>terest and<br />

perception. Support for expansion rema<strong>in</strong>s high with 71% of participants<br />

agree<strong>in</strong>g that expansion of the exist<strong>in</strong>g facility is a good idea. The <strong>in</strong>clusion<br />

of a Canadian Energy Centre <strong>in</strong>to an expanded Convention Centre is well<br />

regarded by Calgarians, and 80% of survey participants support its <strong>in</strong>clusion.<br />

Interest <strong>in</strong> an Energy Centre aligns with <strong>Calgary</strong>’s brand as an Energy city.<br />

The Convention Centre is celebrat<strong>in</strong>g its 40th Anniversary <strong>in</strong> 2014 and<br />

cont<strong>in</strong>ues its role as a centre for social and bus<strong>in</strong>ess activity <strong>in</strong> our city.<br />

<strong>Calgary</strong> has more than tripled <strong>in</strong> size s<strong>in</strong>ce the orig<strong>in</strong>al Convention facility<br />

was built <strong>in</strong> 1974 and the Centre has not kept pace with the city’s growth.<br />

The CTCC expanded <strong>in</strong> 2000, but no longer meets the needs of our dynamic<br />

and grow<strong>in</strong>g city.<br />

<strong>Calgary</strong> cont<strong>in</strong>ues to thrive and the city’s managed growth cont<strong>in</strong>ues to<br />

be recognized by a variety of media organizations. In 2013, MoneySense<br />

magaz<strong>in</strong>e ranked <strong>Calgary</strong> as the top Canadian city to live <strong>in</strong> and the best<br />

place to raise a family <strong>in</strong> Canada. The Economist Livability Survey has ranked<br />

<strong>Calgary</strong> as number five on the best places to live <strong>in</strong> the world for the last<br />

four years. Ma<strong>in</strong>ta<strong>in</strong><strong>in</strong>g <strong>Calgary</strong>’s dynamic growth and prosperity requires<br />

a vibrant and energetic downtown environment. The support and <strong>in</strong>terest<br />

for an expanded convention facility reflected <strong>in</strong> our most recent survey<br />

demonstrates the CTCC’s importance to Calgarians as an economic driver<br />

and a place to br<strong>in</strong>g people together <strong>in</strong> our city.<br />

calgary-convention.com<br />

expandthecentre.ca<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 105


NEXT - Turn<strong>in</strong>g <strong>Bus<strong>in</strong>ess</strong> Ideas<br />

<strong>in</strong>to Scalable Startups<br />

BY ANDREA MENDIZABAL<br />

is a foundation program that aims to help<br />

early-stage entrepreneurs turn their ideas <strong>in</strong>to<br />

“NEXT<br />

full-fledged startups by validat<strong>in</strong>g the market,<br />

acquir<strong>in</strong>g customers and build<strong>in</strong>g m<strong>in</strong>imum viable products<br />

through a series of hands-on workshops and mentor<br />

feedback,” says Steven McIlvenna, director, entrepreneur<br />

development, Innovate <strong>Calgary</strong>.<br />

An <strong>in</strong>ternational program developed by Startup Weekend,<br />

Techstars, Google for Entrepreneurs and Steve Blank – a<br />

serial entrepreneur from Silicon Valley who pioneered the<br />

Lean Startup movement – NEXT is uniquely built around<br />

face-to-face <strong>in</strong>teractions with potential customers and is<br />

driven by mentorship from experienced entrepreneurs.<br />

The program offers participants a valuable opportunity to<br />

undergo face-to-face customer situations with a group of<br />

peers who are tackl<strong>in</strong>g similar entrepreneurial challenges.<br />

“While develop<strong>in</strong>g new programm<strong>in</strong>g for entrepreneurs we<br />

found we already had a great alignment with Steve Blank’s<br />

approach and thought leadership, and Innovate <strong>Calgary</strong> has<br />

been fortunate for his direct support and endorsement <strong>in</strong><br />

the past,” says McIlvenna. “However while listen<strong>in</strong>g to our<br />

entrepreneur customers we realized a program like NEXT<br />

was also needed. With this program <strong>in</strong> <strong>Calgary</strong>, and great<br />

collaboration with Startup <strong>Calgary</strong>, the power of this alignment<br />

can benefit the <strong>Calgary</strong> startup community.”<br />

The <strong>Calgary</strong> NEXT program is delivered <strong>in</strong> partnership<br />

between Innovate <strong>Calgary</strong> and Startup <strong>Calgary</strong>. NEXT spr<strong>in</strong>g<br />

2014 is comprised of <strong>in</strong>tensive three-hour weekly sessions,<br />

runn<strong>in</strong>g Wednesdays beg<strong>in</strong>n<strong>in</strong>g March 19 to April 16.<br />

Customer Discovery – March 19, 2014<br />

Customer Discovery is an ongo<strong>in</strong>g learn<strong>in</strong>g process. The<br />

series starts with an overview of the theory and tactics for<br />

customer development and will <strong>in</strong>troduce the power, art and<br />

tactics of customer <strong>in</strong>terviews. You will validate your ideas<br />

through <strong>in</strong>-person customer <strong>in</strong>terviews us<strong>in</strong>g Steve Blank’s<br />

Customer Development methodology and tactics from customer<br />

development practitioners.<br />

Big Markets, Big Ideas – March 26, 2014<br />

All entrepreneurs imag<strong>in</strong>e build<strong>in</strong>g the next billion-dollar<br />

company. Good ideas are not always target<strong>in</strong>g huge markets,<br />

but if your ambition is attack<strong>in</strong>g a huge market, learn<br />

the entrepreneurial m<strong>in</strong>dset you need to build a good idea<br />

<strong>in</strong>to a great company. This week will help determ<strong>in</strong>e if you<br />

should be dedicat<strong>in</strong>g the next seven years of your life to<br />

your idea. Start to th<strong>in</strong>k like great entrepreneurs such as<br />

Steve Jobs, Bill Gates or Mark Zuckerberg; they all understood<br />

their idea was chang<strong>in</strong>g the world.<br />

Fundability – April 2, 2014<br />

This session will show entrepreneurs how <strong>in</strong>vestors th<strong>in</strong>k<br />

about deals and how they evaluate what they are look<strong>in</strong>g<br />

for. Investors place a heavy weight on major areas like team,<br />

traction and scalability. Beg<strong>in</strong> to understand an <strong>in</strong>vestor’s<br />

thought process and the milestones you need to hit for them<br />

to pay attention. Ga<strong>in</strong> <strong>in</strong>sights on why th<strong>in</strong>k<strong>in</strong>g about money<br />

too early (or at all) can be detrimental to your company.<br />

Pitch<strong>in</strong>g your Idea – April 9, 2014<br />

Communication of ideas is an often overlooked area by<br />

entrepreneurs. Every bad pitch is a lost opportunity. Don’t be<br />

like other entrepreneurs; value the communication of your<br />

idea. Your ability to communicate your idea effectively will<br />

help you sell your vision. This session will provide entrepreneurs<br />

with the valuable tactics of pitch<strong>in</strong>g or communicat<strong>in</strong>g<br />

an idea. Communication matters whether you are recruit<strong>in</strong>g<br />

a co-founder, sell<strong>in</strong>g to your customers, apply<strong>in</strong>g to an<br />

accelerator or pitch<strong>in</strong>g an <strong>in</strong>vestor.<br />

Go to Market – April 16, 2014<br />

Gett<strong>in</strong>g a startup to market is challeng<strong>in</strong>g. There are many<br />

strategies and approaches you can follow, but do they all<br />

provide a high ROI? Once a startup gets to market, it needs to<br />

capitalize on that opportunity. Entrepreneurs need to always<br />

be deliver<strong>in</strong>g tremendous value to customers, bus<strong>in</strong>esses<br />

and their stakeholders. The f<strong>in</strong>al week will cover strategies<br />

and tactics that entrepreneurs can implement to reach more<br />

customers and sales. Before launch<strong>in</strong>g your product, you<br />

should have a basic understand<strong>in</strong>g of models and what go to<br />

market tactics work and don’t work with each model.<br />

For more <strong>in</strong>formation about the <strong>Calgary</strong> NEXT program<br />

or to apply, contact: Steven McIlvenna, director, entrepreneur<br />

development, Innovate <strong>Calgary</strong> at smcilvenna@<br />

<strong>in</strong>novatecalgary.com, (403) 284-6419 or visit <strong>in</strong>novatecalgary.<br />

com/grow<strong>in</strong>g-a-company/NEXT.<br />

106 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Spotlight sh<strong>in</strong>es on <strong>Calgary</strong><br />

with the announcement of $5 million<br />

grant fund<strong>in</strong>g for the <strong>Calgary</strong> Film Studio<br />

As Canada’s fourth-largest film<br />

jurisdiction, <strong>Calgary</strong> boasts<br />

award-w<strong>in</strong>n<strong>in</strong>g crews and<br />

locations. The <strong>Calgary</strong> region benefits<br />

from an average of $100 million <strong>in</strong><br />

film, television and digital production<br />

each year and is responsible for 80<br />

per cent of all film<strong>in</strong>g <strong>in</strong> Alberta. In<br />

addition, the <strong>Calgary</strong> region has garnered<br />

more Oscar, Golden Globe and<br />

Emmy® Award nom<strong>in</strong>ations than any<br />

other jurisdiction <strong>in</strong> Canada.<br />

In response to this ever-grow<strong>in</strong>g<br />

<strong>in</strong>dustry, four years ago, <strong>Calgary</strong> Economic<br />

Development established the<br />

Alberta Creative Hub Corporation – a unique non-profit<br />

and non-partisan organization established for the specific<br />

purpose of grow<strong>in</strong>g the local film, television and creative<br />

<strong>in</strong>dustries through the development of state-of-the-art, purpose-built<br />

facilities.<br />

On February 4, 2014, after an <strong>in</strong>-depth submission and<br />

evaluation process, the Alberta Government, through the<br />

M<strong>in</strong>istry of Culture, announced that <strong>Calgary</strong> Economic<br />

Development was the successful proponent of a one-time,<br />

$5-million grant towards build<strong>in</strong>g the <strong>Calgary</strong> Film Studio.<br />

“We are very pleased to have been selected as the proponent<br />

for the <strong>Calgary</strong> Film Studio,” says Bruce Graham,<br />

president and CEO, <strong>Calgary</strong> Economic Development. “By<br />

work<strong>in</strong>g with <strong>in</strong>dustry and post-secondary partners to<br />

develop purpose-built facilities, we envision the studio will<br />

allow the creative <strong>in</strong>dustries sector to realize significant<br />

growth potential, <strong>in</strong>crease the retention of local talent and<br />

support the diversification of our economy.”<br />

Here are some of the details of the plan:<br />

• The total projected cost is approximately $22.8 million.<br />

• The studio will feature two purpose-built sound stages<br />

(20,000 sq. ft. and 30,000 sq. ft.) with the ability to subdivide<br />

the larger studio.<br />

• The studio will also <strong>in</strong>clude 18,000 sq. ft. of warehouse<br />

space with an additional 10–15,000 sq. ft. for workshop/<br />

production, props, sets, wardrobes, etc.<br />

• It will be governed by a board of directors.<br />

• William F. White International will be the anchor tenant.<br />

The creative <strong>in</strong>dustries sector has<br />

reached a critical tipp<strong>in</strong>g po<strong>in</strong>t…<br />

The creative <strong>in</strong>dustries employ 60,000 Albertans who<br />

work <strong>in</strong> <strong>in</strong>dustries that generate billions of dollars <strong>in</strong>to the<br />

prov<strong>in</strong>cial economy on an annual basis. Of that 60,000,<br />

approximately 3,000 of them work <strong>in</strong> film and television<br />

production. With some adjustments and enhancements to<br />

<strong>in</strong>centives, there is the opportunity to grow this sector to a<br />

half-billion dollars <strong>in</strong> the next five to seven years. The creative<br />

<strong>in</strong>dustries sector has reached a critical tipp<strong>in</strong>g po<strong>in</strong>t,<br />

with terrific growth opportunities driv<strong>in</strong>g the need for purpose-built,<br />

permanent facilities.<br />

“It’s an <strong>in</strong>credible opportunity to diversify our prov<strong>in</strong>cial<br />

economy with a one-time capital <strong>in</strong>vestment <strong>in</strong> an <strong>in</strong>dustry<br />

that we have already proven to be very successful <strong>in</strong>,” says<br />

Luke Azevedo, commissioner of film, television and creative<br />

<strong>in</strong>dustries. “The <strong>Calgary</strong> Film Studio will help ensure our<br />

<strong>in</strong>dustries rema<strong>in</strong> viable and provide jobs for Albertans.”<br />

Mov<strong>in</strong>g forward, <strong>Calgary</strong> Economic Development and the<br />

Alberta Creative Hub Corporation are enter<strong>in</strong>g the plann<strong>in</strong>g<br />

phase, and will be work<strong>in</strong>g swiftly to determ<strong>in</strong>e next steps, with<br />

plans to secure land and break ground <strong>in</strong> the spr<strong>in</strong>g of 2014.<br />

Alberta has vistas, award-w<strong>in</strong>n<strong>in</strong>g crews and now the<br />

<strong>in</strong>frastructure to support both <strong>in</strong>ternational and <strong>in</strong>digenous<br />

creative projects.<br />

bus<strong>in</strong>ess<strong>in</strong>calgary.com | BUSINESS IN CALGARY March 2014 • 107


<strong>Calgary</strong>’s Path to<br />

Ultimate sports City<br />

BY STEWART MCDONOUGH<br />

In January of this year, <strong>Calgary</strong> was added to the Sport-<br />

<strong>Bus<strong>in</strong>ess</strong> International 2014 Ultimate Sports Cities short<br />

list. The Ultimate Sports Cities awards are the de facto<br />

benchmark of sports cities around the world with acknowledgment<br />

on the list <strong>in</strong>fluenc<strong>in</strong>g decisions taken by sports<br />

federations, tour organizers and multi-sport event rights<br />

holders.<br />

The rank<strong>in</strong>gs of the 30 cities will be announced at the<br />

SportAccord Convention <strong>in</strong> Antalya/Belek, Turkey <strong>in</strong> April.<br />

<strong>Calgary</strong> has a variety of strengths that have been recognized<br />

by event rights holders over the years and, more recently, by<br />

Sport<strong>Bus<strong>in</strong>ess</strong> International.<br />

Sport is at our core, it’s <strong>in</strong> our DNA, and we care about<br />

it for the right reasons. We see sport as a way to build<br />

community, <strong>in</strong>spire youth to action and create social,<br />

facility and cultural legacies to last for generations. We have<br />

a focused strategy and the support of the public and private<br />

sectors. We are a pre-em<strong>in</strong>ent w<strong>in</strong>ter sport city with the rare<br />

ability to host a diversity of major events year-round.<br />

WE ARE A SPORT CITY<br />

Sport is part of our city’s identity, our history, our source<br />

of pride and at the centre of our vision for the future.<br />

Calgarians love to participate, spectate, support and engage<br />

<strong>in</strong> sport at all levels.<br />

We show up <strong>in</strong> record numbers to revel <strong>in</strong> major events:<br />

• Spruce Meadows’ two ma<strong>in</strong> events draw a comb<strong>in</strong>ed<br />

180,000 spectators<br />

• <strong>Calgary</strong> Stampede welcomes 1.1 million visitors every<br />

year<br />

• 100,000 people l<strong>in</strong>ed <strong>Calgary</strong> streets to watch the f<strong>in</strong>al<br />

leg of the UCI 2.1 Tour of Alberta<br />

• 40,000 spectators witnessed golf’s legends at the Shaw<br />

Charity Classic PGA Champions Tour<br />

WE ARE WINTER<br />

<strong>Calgary</strong> is at the heart of Canada’s Olympic W<strong>in</strong>ter Games<br />

ambitions. One hundred and twenty of Canada’s 221 member<br />

2014 Olympic team tra<strong>in</strong>ed or competed at W<strong>in</strong>Sport Canada<br />

facilities. At the 2010 Olympic W<strong>in</strong>ter Games <strong>in</strong> Vancouver<br />

20 of 26 Canadian medals were won by athletes who honed<br />

their skills at W<strong>in</strong>Sport. The path to Canadian W<strong>in</strong>ter<br />

Olympic gold runs through <strong>Calgary</strong>. Canada holds the record<br />

for most gold medals <strong>in</strong> a s<strong>in</strong>gle W<strong>in</strong>ter Olympics.<br />

We have hosted 32 World Cup or <strong>in</strong>ternational w<strong>in</strong>ter<br />

sport events from 2010 to 2013. Few cities <strong>in</strong> the world, if<br />

any, can host freestyle aerials, moguls, halfpipe, skeleton,<br />

luge, bobsleigh, speed skat<strong>in</strong>g, hockey, sledge hockey and<br />

curl<strong>in</strong>g World Cups or major <strong>in</strong>ternational events with<strong>in</strong> city<br />

limits and Nordic and alp<strong>in</strong>e World Cups with<strong>in</strong> an hour<br />

from those same city limits.<br />

SPORT 365<br />

We claim w<strong>in</strong>ter as our doma<strong>in</strong>, and yet our energy is<br />

boundless. We are the world’s horse capital with new events<br />

every year, Spruce Meadows, the <strong>Calgary</strong> Stampede, major<br />

ranches <strong>in</strong> close proximity and herds of wild horses still<br />

roam<strong>in</strong>g the surround<strong>in</strong>g prairies. New major anchored<br />

summer events with the UCI 2.1 Tour of Alberta and Shaw<br />

Charity Classic PGA Champions Tour jo<strong>in</strong> Spruce Meadows,<br />

the <strong>Calgary</strong> Stampede and a host of <strong>in</strong>credibly well-attended<br />

summer festivals as Calgarians quench their thirst for action.<br />

strategy, purpose and look<strong>in</strong>g forward<br />

We attract events for the right reasons. We care about sport,<br />

we care about what it can do for children, how it can break<br />

down barriers and how it unites and lifts. It’s our experience<br />

that sport organizations care about their sport, the growth of<br />

their sport, the reputation of their sport, and yes the f<strong>in</strong>ancial<br />

viability of their sport.<br />

We have established a national best-practice model <strong>in</strong> the<br />

<strong>Calgary</strong> Sport Tourism Authority for attract<strong>in</strong>g major events.<br />

The CSTA strategy has proven successful with more than<br />

250 events supported s<strong>in</strong>ce 2007 result<strong>in</strong>g <strong>in</strong> far-reach<strong>in</strong>g<br />

community, grassroots sport, economic and legacy.<br />

The CSTA strategy is founded <strong>in</strong> collaboration; it is<br />

passionate, progressive and selective; and devoted to the<br />

delivery of the broad range of benefits derived from host<strong>in</strong>g<br />

major sport events.<br />

108 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


WE SERVE CANADA’S<br />

FOURTH-LARGEST CITY,<br />

BUT THE CALGARY<br />

TELUS CONVENTION<br />

CENTRE RANKS<br />

TENTH IN SIZE<br />

HOW DO WE CATCH<br />

UP? WHAT’S NEXT<br />

AT THE CENTRE<br />

OF ENERGY?<br />

–<br />

calgary-convention.com


Market<strong>in</strong>gMatters • David Parker<br />

Market<strong>in</strong>gMatters<br />

By DaViD ParkEr<br />

The chance to respond to an RFP<br />

for a major client is always an<br />

excit<strong>in</strong>g opportunity for advertis<strong>in</strong>g<br />

agencies and it says someth<strong>in</strong>g<br />

for the importance the <strong>in</strong>dustry holds<br />

<strong>in</strong> Travel Alberta <strong>in</strong> that the organization<br />

received over 100 downloads to<br />

the request it sent out last October.<br />

It was by necessity a lengthy process<br />

but the new agency of record for<br />

Travel Alberta for the next three-year<br />

period is a consortium pitched together<br />

by Critical Mass and Copithorne and<br />

Blakely Advertis<strong>in</strong>g.<br />

Royce Chw<strong>in</strong>, Travel Alberta’s chief<br />

market<strong>in</strong>g officer, says agencies had<br />

to adhere to strict criteria which cut<br />

down the number of real submissions<br />

to 10. After respond<strong>in</strong>g to a bus<strong>in</strong>ess<br />

case and <strong>in</strong>-person presentations <strong>in</strong><br />

which much strength was put on the<br />

ability of the respondents to fit as a<br />

partner with the market<strong>in</strong>g organization<br />

the consortium was chosen to<br />

take over from <strong>in</strong>cumbent Venture<br />

Communications.<br />

A focus will be <strong>in</strong> the growth of the<br />

<strong>in</strong>ternational market and Critical Mass<br />

has years of experience <strong>in</strong> the worldwide<br />

digital arena while Copithorne<br />

and Blakely were both <strong>in</strong>volved <strong>in</strong> the<br />

very successful Remember to Breathe<br />

campaign and understand the local,<br />

regional and Canadian market.<br />

They have an <strong>in</strong>terest<strong>in</strong>g challenge:<br />

2013 brought $7.8 billion tourism dollars<br />

<strong>in</strong>to the prov<strong>in</strong>ce and the target<br />

set for 2020 is $10.3 billion.<br />

••••••••••••••<br />

We are fortunate to have a facility<br />

like The Beach <strong>in</strong> this city where<br />

owner/producer Lanny Williamson<br />

constantly upgrades his equipment to<br />

ensure locals have the best available.<br />

Latest addition to his advanced<br />

audio production house along 11th<br />

Avenue SE is the <strong>in</strong>stallation of a 7.1<br />

surround sound system that is compatible<br />

with Blu-ray video systems<br />

and theatrical, HDTV and TV audio<br />

production.<br />

Williamson consulted with the<br />

Dolby Labs designer to customize his<br />

purpose-built new system to the latest<br />

and best standards available so that<br />

the Beach can handle any production<br />

<strong>in</strong>-city. His 7.1 is the only one available<br />

between Vancouver and Toronto,<br />

complement<strong>in</strong>g his three studios that<br />

are kept busy with some excellent<br />

productions <strong>in</strong>clud<strong>in</strong>g post-production<br />

and sound for a current feature<br />

film and a travelogue bound for U.S.<br />

audiences for <strong>Calgary</strong> s<strong>in</strong>ger/producer<br />

Jewelle Colwell.<br />

••••••••••••••<br />

The 10 th Sara Scouts are celebrat<strong>in</strong>g<br />

its centennial year and are look<strong>in</strong>g<br />

forward to hold<strong>in</strong>g the event <strong>in</strong> its<br />

Rideau Park Scout Hall.<br />

Kev<strong>in</strong> Mullen of Empire Homes and<br />

Empire Kitchen and Bath is a neighbour<br />

and came to the rescue of the<br />

historic 1927 landmark build<strong>in</strong>g that<br />

was <strong>in</strong> dire need of fix<strong>in</strong>g up. It had<br />

served eight decades of use by countless<br />

youth but was show<strong>in</strong>g its age.<br />

Plans were well underway when<br />

the flood made matters much worse<br />

and the decision was made to rebuild<br />

it on a new foundation. Mullen was<br />

able to count on his architect, DeJong<br />

Design Associates, and his suppliers<br />

who donated materials and labour but<br />

he also called on the creativity of his<br />

agency, Tandem, to help with additional<br />

fundrais<strong>in</strong>g.<br />

The result was a Be Prepared <strong>in</strong>vitation<br />

to be part of <strong>Calgary</strong>’s history<br />

designed as a booklet after the Boy<br />

Scouts badge book.<br />

••••••••••••••<br />

S<strong>in</strong>ce jo<strong>in</strong><strong>in</strong>g the two-year-old <strong>Calgary</strong><br />

office of Edelman – the world’s<br />

largest PR company – last September,<br />

general manager Laurie Stretch has<br />

doubled the staff to 10 and cont<strong>in</strong>ues<br />

to grow its list of clients here.<br />

One of the newcomers is Mathew<br />

Hayes who relocated from the Toronto<br />

office to launch Edelman Canada Digital<br />

<strong>in</strong> <strong>Calgary</strong>.<br />

••••••••••••••<br />

I was delighted to catch up with<br />

Luiza Campos over coffee and f<strong>in</strong>d out<br />

what was new with her Marca Strategy.<br />

Marca is the Spanish name for<br />

trademark and Campos has been busy<br />

with brand<strong>in</strong>g strategies for a number<br />

of her clients that <strong>in</strong>clude the <strong>Calgary</strong><br />

Counsell<strong>in</strong>g Centre that has reacted to<br />

the heartaches due to last year’s flood<strong>in</strong>g<br />

<strong>in</strong> open<strong>in</strong>g a counsell<strong>in</strong>g centre <strong>in</strong><br />

High River.<br />

She likes work<strong>in</strong>g for non-profits<br />

and has been help<strong>in</strong>g Alberta Theatre<br />

Projects to focus on a new vision, but<br />

has also been a big help to companies<br />

like Highlander W<strong>in</strong>es and Spirits that<br />

opened its third <strong>Calgary</strong> location <strong>in</strong><br />

the new district Seton, just to the west<br />

of South Health Campus.<br />

Parker’s Pick:<br />

Love the AMA TV commercial<br />

with the family <strong>in</strong> the pickup<br />

truck.<br />

110 • March 2014 BUSINESS IN CALGARY | bus<strong>in</strong>ess<strong>in</strong>calgary.com


Thank you<br />

Wayne<br />

Chiu<br />

Wayne Chiu br<strong>in</strong>gs a brand of leadership<br />

<strong>in</strong> the bus<strong>in</strong>ess sector and community that<br />

is equal parts 21st century <strong>in</strong>novation, and<br />

classic <strong>Calgary</strong>. Along with wife and bus<strong>in</strong>ess<br />

partner Eleanor, Wayne has grown Trico<br />

Homes and the Trico Charitable Foundation<br />

<strong>in</strong>to major successes for both their bus<strong>in</strong>ess<br />

and community achievements.<br />

We thank them for their longtime and<br />

generous support of Bow Valley College.<br />

In honour of this record of leadership we<br />

are proud to <strong>in</strong>troduce the newly named<br />

Bow Valley College Chiu School of <strong>Bus<strong>in</strong>ess</strong>.<br />

Chiu School of <strong>Bus<strong>in</strong>ess</strong>

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