Alberta

According to the Calgary Real Estate Board (CREB) things are looking pretty solid late in 2012 for Alberta's largest city.

The relative value of condo hotel units in one of Alberta's top resort towns will continue to fall without regulatory changes, says the CEO of a prominent management company.

More development on the western fringe of Calgary appears destined to go ahead despite the fact some in Rocky View County don't want anything to do with more commercial activity just west of the city in Springbank.

While Calgary appears to have a shopping mall for every resident, more retail development on the western fringe of Calgary appears destined to go ahead, despite the fact some Springbank residents are opposed to any expansion of commercial space.

Calgary home prices are rising as sales soar, but affordability is not a concern to most residents.

PricewaterhouseCoopers (PWC) and the U.S.-based Urban Land Institute have named Calgary as the top market for property investment in its annual Emerging Trends in Real Estate (2013) report.

The growth cap is off for one of Alberta's fastest-growing towns. Okotoks town council voted earlier this fall to support a continuous growth model for the Foothills community of 25,000, located roughly 15 minutes south of Calgary.

The City of St. Albert city council voted unanimously in September to stop subdivisions in its Kingswood neighbourhood until Canterra Developments Corp. provides a park and school site.

With two-thirds of 2012 behind them, building activity was up in Alberta's major cities by about 7.9 per cent in Calgary and a somewhat more impressive 13.7 per cent in Edmonton. Still, Calgary was way ahead in total new construction, hitting $3.

The Tsuu T'ina First Nation wants to add significantly more development to its casino site on the edge of southwest Calgary.