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business elite canada
H
OCTOBER 2016
“I find that there is a lot of saturation in the
Calgary housing market right now. There's
a lot of inventory, which is causing a slow-
er turnaround of houses, and people are
more hesitant to build right now because
there is a lot of inventory on the market,”
Arcuri said.
Even though the market is slow right now,
this boutique home builder is still creating
signature pieces regardless of the econo-
my’s mutable temper.
Being successful during a housing down-
turn means adopting a keen observation
of trends. Arcuri entered the family busi-
ness, bringing with him the perspective of
the younger generation on which services
were needed in the Calgary market. Over
the years, he has accumulated a wealth of
knowledge on consumer purchase trends;
new homeowners wish for both social and
functional features when buying a home.
People, he says, continue to want space
for interaction, whether it be a spacious
backyard or a cozy dining room. Consum-
ers also want more pragmatic qualities,
like increased proximity to place of em-
ployment or public transportation.
Surviving the ups and downs of the econ-
omy also entails niche specialization. New
