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Alberta

St. Albert willing to test P3s

The City of St. Albert has signalled a willingness to think outside the traditional build-and-own model for municipalities.

High River lands land for centre

The Town of High River latched onto a bargain earlier this spring. The growing community of 12,000-plus south of Calgary is acquiring a 15-acre parcel of donated land from Spitzee Crossing Group as the home for a new leisure centre for the community.

Red Deer on a roll

Nowadays, a renter's market has moved to a bit of a landlord's market in the Highway 2 corridor's middle point. New industrial shell space leases for $12 to $13 per square foot, and landlords aren't exactly struggling to find tenants.

Fort McMurray rents easing

Vacancy rates for two-bedroom apartments in Fort McMurray have soared to 13.2 per cent – highest in Alberta - according to Canada Mortgage and Housing Corp.(CMHC).

REIT stoops to invest in mobile home parks

Canadian Apartment Properties REIT (CAPREIT) has bought a portfolio of12 manufactured home parks from Toronto-based Killam Properties Inc. – with a total of 2,032 pads – for $72.3 million, or an average of $35,000 per mobile home pad.

East Village lands Hilton hotel tower

Calgary's redeveloping East Village neighbourhood landed another major score in early May with the announcement by the Calgary Municipal Land Corporation (CMLC) that a deal had been struck to build a 315-room Hilton hotel in the redeveloping area.

Okotoks boasts highest density

Calgarians may think of neighbouring Okotoks as sprawling suburbia, but they shouldn't. That much is clear when you consider the city's status in the eyes of Statistics Canada.

Red Deer rebounds

Red Deer continues to enjoy a rebound year in building activity. Building-permit values in the hub of central Alberta hit $72.8 million for the first four months of the year, up about $27.4 million over 2011, or about 60 per cent so far in 2012.

Edmonton seeks public "big ideas"

The City of Edmonton is on a mission to find out from residents what they want to see in their new buildings.

Calgary office space tightens

Vacancy continues to shrink in Calgary's downtown office-space market. According to the latest downtown report from Colliers International, available space in the city's office core shrunk to 4.