Skip to content

Alberta

Update: Northview REIT takeover closed in $4.5 billion all-cash deal

Update: Northview REIT takeover closed in $4.5 billion all-cash deal

Calgary-based real estate investment trust with about 27,000 multi-family units acquired by Starlight Group and Kingsett Capital in all-cash deal
Sublease bulge pushes office vacancy rates higher

Sublease bulge pushes office vacancy rates higher

Even Vancouver not immune as a tepid demand leads to nearly four million square feet of empty sublease space in four biggest western cities
Foothills slams door on Toyota expansion

Foothills slams door on Toyota expansion

Foothills County has killed $10 million plan for High River Toyota to open new dealership on the outskirts of Okotoks
Alberta residential developers busy banking land and building

Alberta residential developers busy banking land and building

Big residential developers are securing huge land parcels in southern Alberta in anticipation of the post-pandemic economic rebound
Marriott market cap plunged 31 per cent this year

Marriott market cap plunged 31 per cent this year

Major Western Canada hotel developer has suffered the worst decline in market capital among world’s largest hotel chains during coronavirus crisis
T&T grocery chain restarts temperature checks

T&T grocery chain restarts temperature checks

T&T Supermarket has resumed temperature checks at stores across Canada as COVID-19 cases increase
Prairie ranchers weigh buying or leasing land

Prairie ranchers weigh buying or leasing land

While renting is sometimes the only option, ranchers find “the good land is the cheap land and the low-quality land is the expensive land”
Alberta developers can ante bonds, not cash

Alberta developers can ante bonds, not cash

Surety bonds allow developers to finance a project without facing borrowing limits or cash reserves in an idea that started in Calgary
Alberta posts second-highest cannabis sales in Canada

Alberta posts second-highest cannabis sales in Canada

Alberta has nearly half the legal cannabis stores in the country and its $46.7 million in June sales was second only to Ontario
Medicine Hat offers $25,000 to builders

Medicine Hat offers $25,000 to builders

Medicine Hat is offering homebuilders grants of up to $25,000 when they build on selected infill lots in the southwestern Alberta city