Alberta

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.

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.

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.

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.

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.

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.

Expensive Canmore isn't looking so expensive these days if you're shopping for real estate.

Canada's most popular national park community will consider a quota for what it dubs "formula restaurants.

There are 32 real estate developments planned for Edmonton and half of them are already under construction or are expected to start in 2012, according to a survey by Avison Young.

Calgary-based Mainstreet Equities Corp.