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Alberta

Cold cash in Cold Lake

While building-permit totals for Cold Lake were only $29.2 million in 2010, they hit over $61 million in 2011 and have been chugging along in 2012. Real estate sales have been strong, to say the least.

Upgrading a city

The greenhouse gas will then be piped 80 kilometres north and injected two kilometres into the ground, cutting CO2 emissions at the plant by 35 per cent - roughly the same amount produced annually by 175,000 passenger vehicles.

Cold Lake “the new Fort McMurray”

Cold Lake is being referred to as the “new Fort McMurray” as rising real estate prices, tight rentals and huge energy project make it characteristic of Alberta’s best known oil town.

Burnt real estate investors plan class action suit

Hundreds of investors who are believed to have have lost life savings, retirement funds and investments will be meeting in Calgary on Monday, September 10th, to discuss a class action suit launched against Platinum Equities Inc.

REIT snaps up Calgary rental units at $160,000 per “door”

Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) has bought two apartment properties in Calgary totalling 405 residential suites. The purchase price for the two properties was approximately $68.

Alberta News

Edmonton's new office towers are leasing fast The redeveloped First&Jasper office tower in Edmonton doesn't complete until December, but all 220,000 square feet of its sleek new space has already been leased.

Lethbridge eyes an elephant

What that will produce in the long-term for the local economy remains to be seen.

Wetaskiwin’s “no bull” guarantee

JEDI is aiming to attract business with a clear-cut marketing campaign and low-cost land. In the last two years the initiative has completed a growth strategy, a new investment guide and a cheeky guarantee for potential investors.

Calgary prime office space posts 1.4 per cent vacancy

Calgary's downtown Class A office space now has only a 1.4 per cent vacancy rate, according to a report from Altus Insite, which believes lease rates and property prices are poised to increase.

Fort Mac incomes 95 per cent higher

The average household income last year in Fort McMurray, Alberta was $177,634, according to Statistics Canada. This is 95 per cent higher than the national average and is expected to be even higher in 2012.