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Alberta

Alberta leads West as retail sales surge

Alberta leads West as retail sales surge

Canadian June retail sales soared 23.7 per cent from a month earlier to $53 billion, topping pre-pandemic levels, with Alberta posting the fourth-highest increase in the country
Pandemic credited for Alberta golf boom

Pandemic credited for Alberta golf boom

The majority of Alberta’s 300-plus courses opened in May and Alberta Golf claims most are the busiest they have been for the past five to 10 years
Unleash a blue-collar recovery: report

Unleash a blue-collar recovery: report

With the right policies, Canada’s resource and manufacturing industries could create 2.6 million new jobs, increase Canada’s GDP by 17 per cent and secure country’s future
Clouds shade Edmonton’s hot multi-family sales

Clouds shade Edmonton’s hot multi-family sales

More than half the investor dollars spent in the city’s commercial real estate sector this year flowed into rental apartment buildings, at nearly $500 million, but the outlook is cloudy
July home sales hit highest level in history

July home sales hit highest level in history

Vancouver, Calgary, Winnipeg post double-digit increases as Canadian home sales rebound due to record low mortgage rates and pent-up demand
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.