Alberta

The City of Lacombe approved the purchase of roughly 34 acres of land in the Wolf Creek Industrial Park. The city will use some of the land for its infrastructure-services building and yard, and resell the rest for development.

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.

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 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.

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.

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.

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.

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

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'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.