Skip to content

Alberta

Retail REITs hammered but eye recovery

Retail REITs hammered but eye recovery

RioCan has posted a $350 million loss; Choice Properties saw its asset value drop by $380 million in Q2
Edmonton MF solid; Calgary not so much

Edmonton MF solid; Calgary not so much

The total dollar volume of Edmonton apartment buildings sold in the first half more than doubled to $463 million, compared to same period in 2019.
Some hotels could pivot to multi-family rentals

Some hotels could pivot to multi-family rentals

With hotel revenues crashing and travel and conference restrictions expected to linger, now could be a prime time to consider transforming a hotel to rental housing, analyst says
Calgary home sales soar 59 per cent from May

Calgary home sales soar 59 per cent from May

Calgary shares in a national upturn in sales but its home prices are down from last year and remain among lowest among Canada’s big cities
Lowe’s building $120M Calgary distribution centre

Lowe’s building $120M Calgary distribution centre

Construction has started on a giant Lowe’s distribution centre near the Calgary International Airport.
Alberta fast-tracks $10 billion stimulus plan

Alberta fast-tracks $10 billion stimulus plan

Hail Mary plan could create 50,000 jobs as infrastructure spending and corporate tax cuts ramp up, according to Alberta Premier Jason Kenney
Alberta bans commercial evictions until end of August

Alberta bans commercial evictions until end of August

NAIOP says ban “drives a wedge” between tenants and landlords, many of whom had been offering rent relief before government got involved
Edmonton retail poised for a breakout

Edmonton retail poised for a breakout

Average $114K incomes, smart transit draws global brands and some of Canada’s biggest mall developers to Alberta’s capital
Real estate auctions move seamlessly online

Real estate auctions move seamlessly online

Once viewing and walking the land was mandatory for buyers, but land auctions are now via video and the pandemic has accelerated the trend: a July 7 Alberta auction puts 3,000 acres on the block
Cannabis now vital Prairie cash crop

Cannabis now vital Prairie cash crop

Without the $1.7 billion increase in marijuana production, crop revenues across Canada would have declined 1.1 per cent in 2019. More than half the cannabis cash receipts come from Alberta and Ontario.