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Alberta

'Hat council nixes arena

The likelihood of a major event centre going up on Medicine Hat's north side seems even more remote following a key vote by the southeast Alberta community's city council in late June.

Edmonton investing in Quarters' refit

Alberta's capital city will spend $56 million to revitalize part of its downtown known as the Quarters. The cash will come from a community revitalization levy on new assessment that results from the 20-year project.

Calgary condo sales pick up

According to the Calgary Real Estate Board, June condo sales were up 31 per cent over June 2010.

Retail rush

Opportunities The city's population grew by 5.7 per cent in 2010 to 24,646, and its annual growth rate over the past 10 years has been around 5 per cent.

Strength of Calgary office market defies skeptics

What was once feared as a looming oversupply of premier office space in Calgary has turned into a potential shortage as the downtown Class AA office vacancy rate has plunged to 2.1 per cent and the overall vacancy rate is now down to 8.

Calgary's sprawl tax: $8,000 per new house

Suburban developers within Calgary city limits will pay significantly more in development levies now that Calgary city council has accepted a negotiated agreement between the city's development community and its bureaucrats.

Homebuyer warranties eyed

The Alberta government is proposing changes to improve the standard of building in Alberta to better protect new homebuyers and hold builders more accountable. "The vast majority of homes in Alberta are built well and stand the test of time.

Industrial vacancies drop in Edmonton

The rising fortunes in the oilpatch are reflected in a reduced industrial vacancy rate in the Greater Edmonton area for the first quarter of 2011. The industrial vacancy rate fell from 3.58 per cent at the end of 2010 to 3.

Medicine Hat sweetens incentives

The City of Medicine Hat is trying to spur on downtown redevelopment with a new incentive program. The program consists of incentives available to downtown property owners to assist them to redevelop or initiate new developments in the city centre.

Red Deer rebounds

Industrial Industrial land prices - $120,000 to $160,000 per acre for partly serviced, $265,000 to $285,000 per acre for fully serviced - have bottomed out, realtors suggest, and while they may not surge forward significantly in 2011, there's now dem