Mattamy Homes has purchased 153 acres in southeast Calgary’s Belvedere area for a residential community near Chestermere, with the first residents expected in early 2030.
The acquisition closed June 1, 2026. The property lies between 17 Avenue SE, the Trans-Canada Highway and Chestermere, placing the proposed neighbourhood along Calgary’s eastern growth corridor.
Plans call for detached houses, semi-detached homes and townhouses, together with more than 13 acres containing parks, trails, a storm pond and open space.
Mattamy anticipates grading and servicing work beginning in 2028. Its announced schedule places completion in 2037, approximately seven years after the first residents arrive. Those dates remain development projections.
The June announcement did not identify a community name, purchase price or total number of homes.
The project would be Mattamy’s first community in southeast Calgary, giving the company a presence in all four quadrants of the city. Nearby amenities include East Hills Shopping Centre, while major road connections include Stoney Trail, 17 Avenue SE and the Trans-Canada Highway.
For Chestermere readers, the acquisition is separate from another Mattamy development announced earlier this year within the city.
In February, Mattamy and Truman announced a partnership for a 253-acre community south of Chestermere Lake. That transaction closed Jan. 20, 2026.
The Chestermere proposal includes approximately 1,900 homes, with detached and semi-detached housing, townhouses and apartment buildings. Plans also include commercial space, parks, more than 10 acres of environmental reserve and two landscaped storm ponds.
Rainbow Road forms that project’s western boundary, with Township Road 240 along its southern edge.
The partners expect development approvals in spring 2027, construction of homes to begin in summer 2028 and occupancy in early 2029. Completion is projected for late 2039. Mattamy is the managing partner, with both companies sharing development management.
The two projects therefore have different locations, schedules and development arrangements, despite both involving Mattamy and housing growth near Chestermere.
Their setting puts attention on an established regional transportation connection. Calgary identifies 17 Avenue SE as an important link between Calgary and Chestermere.
The Belvedere Area Structure Plan, approved in 2013, provides a broader planning framework for the area. Its long-term development outlook includes approximately 61,000 people and 14,000 jobs, figures covering the wider plan area rather than Mattamy’s property alone.
For now, the Belvedere purchase establishes a future residential site. The announced housing mix and projected construction dates outline the company’s plans for bringing that land into development.