Globe and Mail: "Water is not necessarily a renewable resource any more," Ms. Oxtoby said.
The City of Calgary has a population of 1.2 million people, with water rights for nearly three times that amount. However, Ms. Oxtoby's developments are just south of Calgary's border, in the Municipal District of Foothills - a distinction that could prove to be very expensive for her next project.
In 2006, the province put a moratorium on the South Saskatchewan River Basin; water extraction is no longer allowed from...