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Alberta

Banff runs out of new commercial sites

Banff runs out of new commercial sites

“The entirety of our commercial use development allotment [is] completely distributed” town planner confirms
Large solar field opens in tiny Alberta town with little sun

Large solar field opens in tiny Alberta town with little sun

Taxpayers funded the $7.8 million solar grid in a northern Alberta community that has scant daylight for nearly half the year
Leonard DiCaprio’s Alberta mansion goes to auction

Leonard DiCaprio’s Alberta mansion goes to auction

Bidders must post $100,000 to compete for seven-bedroom, 15,000-square-foot actor’s crib in January 22 unreserved auction
Prairie office sector faces challenges in 2021

Prairie office sector faces challenges in 2021

A glut of sublease space and demand for short-term leases challenge Prairie office markets, but some investors spot opportunity
10,000 restaurants have closed in Canada

10,000 restaurants have closed in Canada

Up to 50 per cent of independent restaurants could close permanently if consumers don’t step up to the plate, Restaurants Canada says
Multi-family: Prairies a smart long-term play

Multi-family: Prairies a smart long-term play

As others seek an exit, two Calgary-based giants are buying, based on a rock-solid faith in the Prairie economy and its workers
Alberta tempers lockdown with expanded relief

Alberta tempers lockdown with expanded relief

Alberta issues last call for bars and restaurants, curtails retail, but expands business aid package as virus cases soar
‘Mortgage rate at 100-year low’ as variable offered at 0.99 per cent

‘Mortgage rate at 100-year low’ as variable offered at 0.99 per cent

A sub-1 per cent mortgage – lowest ever – further evidence that rock-bottom lending could remain until 2024, analysts say
Calgary has 21 vacant office towers, four of them downtown

Calgary has 21 vacant office towers, four of them downtown

Total office vacancy now nearly 12 million square feet – the equivalent of 275 acres – as more than a score of towers sit empty from downtown to the suburbs
Calgary pitched to Vancouver’s condo investors

Calgary pitched to Vancouver’s condo investors

No rent controls and much lower prices could open a positive cash-flow exit from West Coast headwinds, Alberta developer says