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Alberta

Calgary office sales nearly tripled in Q1

Calgary office sales nearly tripled in Q1

Calgary on pace for a stellar year prior to the pandemic, with commercial real estate sales up 17 per cent compared to a year earlier
Vacant space turned into pop-up garden shops

Vacant space turned into pop-up garden shops

Avison Young and Darvonda Nurseries opened seven pop-up nursery shops in Alberta and Saskatchewan in just four weeks to sell plants and other items that would have normally gone to big-box outlets.
Drill rig count down 31 per cent, could fall further

Drill rig count down 31 per cent, could fall further

PSAC forecasts a decrease of 1,400 wells this year, representing a $7 billion loss in capital spending
London Drug offers shelf space to closed retailers

London Drug offers shelf space to closed retailers

Edmonton hosts pilot project of ‘local central’ program could be expanded to other locations. “This is a really hard time for many small businesses, and we are in a unique position in these challenging times where we can really help out,” says company president.
Edmonton developer wins global award

Edmonton developer wins global award

Beaverbrook Communities, the only Canadian contender, beat out eight finalists from four other countries for the prestigious award
House prices will fall 10% before recovery: Moody’s

House prices will fall 10% before recovery: Moody’s

Western markets will take worst hit, but some analysts see a rebound as early as June
Trudeau offers rent relief as malls go dark

Trudeau offers rent relief as malls go dark

New Canada Emergency Rent Assistance program will lower rent payments by 75 per cent for small businesses hit by COVID-19, with landlords expected to cover 25 per cent of the cost
Oil price rallies to two bucks a barrel

Oil price rallies to two bucks a barrel

Slow climb from a negative-price anomaly

REITs scramble to retain rent

Rental eviction bans spook the multi-family sector while shuttered stores worry those exposed to retail
Alberta backtracks on rental evictions, but only for now

Alberta backtracks on rental evictions, but only for now

The Alberta government has joined other Western provinces and banned residential rental evictions, but so far the ban only applies for one month. Premier Jason Kenney had rejected calls for an eviction ban as late as March 27.