Alberta

After more than four years tied up in receivership, lands connected with Three Sisters Mountain Village (TSMV) in Canmore have been sold to its former owners.

The firm in control of almost 1,500 acres of Canmore development land has decided to abandon its plans to obtain a new area structure plan for the massive Three Sisters development.

Edmontonians living south of the North Saskatchewan River and working downtown will have a new bridge to drive across in early 2016, if all goes well.

City of Airdrie figures show the community was close to $200 million in building permits for the first half of 2013. New-permit values hit $198.7 million, up over 23 per cent from 2012 and almost double the same period in 2011.

Colliers International concludes in recent reports that the Edmonton and Calgary office markets are heading in different directions.

The provincial government is selling more land to accommodate new development in Fort McMurray.

"Many are still saying, 'You know what, we're going to stay here and we're going to hopefully get rebuilt,'" he said. "I don't see a huge willingness for High River folks to pull up stakes and move.

After more than four years tied up in receivership, lands connected with Three Sisters Mountain Village in Canmore have been sold to its former owners. A Court of Queen's Bench Judge approved the sale of Three Sisters assets to 1712841 Alberta Ltd.

The University of Calgary's West Campus Development Trust has big plans for land on the western edge of its site.

Canada is in fifth spot worldwide when it comes to real-estate investment and is the only developed nation to break the top five, according to the results of an EY survey published August 29.