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Spruce Grove approves $30m mixed-use project

The City of Spruce Grove has approved a key new development and a necessary land sale to accommodate it. The $30-million development, known as Tri Village Commons, is adjacent to the Edmonton suburb's popular TransAlta Tri Leisure Centre.

High River annexes 1,700 acres

The southern Alberta town of High River grew significantly on January 1.

Province nets record rights sale

While urban municipalities are expanding, the oil and gas industry in Alberta continues to gobble up the rights for oil and gas deposits in the province - and to pay significantly for those rights.

St. Albert recruiting new industrial builders

The City of St. Albert wants to actively pursue with landowners the development of designated industrial lands in the southwest and southeast corners of the city, to accommodate industrial growth for the next several years. But there is a hitch.

Red Deer permits up 70 per cent

Building activity in Red Deer remained in bounce-back mode for 2011.

Wetaskiwin bites debt bullet

The central Alberta city of Wetaskiwin, known as the car-buying capital of Alberta, has rolled closer to a fancy new aquatic centre, but not without agreeing to take on more debt.

Landlords start 1800 apartments to catch Edmonton upturn

With large investors buying apartment blocks, the rental vacancy falling and the oil-fired city economy booming, developers have started or built more than 1,800 new rental apartments in Edmonton in the past year.

Shop till they drop

$1,000 per-square-foot Its results: sales that hit the annual $1,000-per-square-foot milestone for the period ending September 2011.

Investors burnt in hotel condos, fractionals

A shared ownership concept that has been used in B.C. for more than a decade to finance hotel development appears to be ending as investors face staggering losses in hotel-condos and fractional real estate plays.

$8 million condo sale underlies Calgary's market muscle

A record sale price for a Calgary condominium - $8.3 million - is the latest signal of a muscular residential market re-emerging in Alberta's largest city.