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Alberta

Calgary office market rocked by plunging oil prices amid COVID-19 crisis

Calgary office market rocked by plunging oil prices amid COVID-19 crisis

Oil has plummeted 50 per cent since early March, creating more trouble for Calgary landlords already struggling with huge vacancy rates
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Tech firm leases large space in downtown Calgary's Telus Sky office

Tech firm leases large space in downtown Calgary's Telus Sky office

Absorb Software taking 80,000 square feet in 60-storey tower, taking building's occupancy to 60 per cent
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Alberta energy war room surrenders to pandemic – for now

Alberta energy war room surrenders to pandemic – for now

Energy minister vows to continue campaign on behalf of oil and gas industry, post-COVID-19
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UPDATE: Western provinces mixed on banning rental evictions

UPDATE: Western provinces mixed on banning rental evictions

Alberta Premier says property owners must be allowed to protect themselves from law breakers and people who habitually fail to pay rent
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Alberta announces crisis relief measures for businesses and employees

Alberta announces crisis relief measures for businesses and employees

Policies include freeze on increased property taxes for businesses and individuals
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Aging Edmonton industrial site converted to small-bay strata units

Aging Edmonton industrial site converted to small-bay strata units

Underused warehouse space developed into 100,000-square-foot hub of 13 small-bay strata units for sale
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Canada is 'uniquely vulnerable' to coronavirus-induced oil price plunge

Canada is 'uniquely vulnerable' to coronavirus-induced oil price plunge

"This is not just about Alberta... Hundreds of thousands of Canadians depend on the energy sector for their livelihood"
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Toronto-based investment fund buys two office buildings in Calgary's Beltline

Toronto-based investment fund buys two office buildings in Calgary's Beltline

Crestpoint Real Estate Investments Ltd. purchases two major properties as its first office tower acquisitions in Calgary, adding 498,000 square feet of space to its portfolio
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Alberta office markets to see even higher vacancies: CBRE

Alberta office markets to see even higher vacancies: CBRE

"Challenges remain" despite owners looking for innovative solutions to historically high vacancy rates
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Teck Resources pulls plug on $20BN Alberta oil sands project

Teck Resources pulls plug on $20BN Alberta oil sands project

Mining giant lets Trudeau government off the hook on a difficult decision that would have angered half the country either way
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