Skip to content

Alberta

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.

Kicking Horse Ski resort sold to Resorts of the Canadian Rockies

Calgary-based Resorts of the Canadian Rockies has purchased the Kicking Horse Mountain Resort near Golden, B.C. from Dutch-based Ballast Nedam. While the purchase price was not disclosed, Western Investor sources say it was close to $28 million.

Demand rises for Calgary office space

The stock market was rolling through rougher times in late 2011, but that has had little effect on the office space market in Calgary, where new space continues to be gobbled up in the city's bustling downtown.

Edmonton industrial space tightens

A surging petroleum sector is credited with lower vacancy rates in the Edmonton industrial property market. Vacancy rates in both Edmonton and the surrounding area dropped in the third quarter of 2011, according to industrial surveys.

Permits jump in Grande Prairie

Building permit numbers highlight a bounce-back year for northwest Alberta's key service centre and oil and gas hub. As of the end of November, Grande Prairie's 2011 building permit values had hit $184.

Province eyes high-voltage lines

Major power transmission lines proposed for the Calgary-Edmonton corridor are getting another look from the Alberta government before its regulator holds hearings on the issue.