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Alberta

Edmonton landlords eye banner year

Edmonton's multi-family housing market should enjoy a banner year in 2012, according to real estate giant Avison Young.

Calgary office space tightens

The fourth quarter of 2011 capped off a record year for absorption in the Calgary downtown office market, according to Colliers International.

College looks for land developer

Canadian University College is seeking private investors after a large land and housing deal with the City of Lacombe fell through.

Oilpatch power

Doherty says Pac Dev has started clearing the first 220 to 250 acres of the site, and expects to move through the landuse clarification process this spring after agreeing to a conditional outline plan for the land with the Regional Municipality of Wo

Calgary, retail post top real estate returns

Calgary posted the highest overall returns for commercial real estate investors last year, with an average 21.6 per cent return, according to the REALpac / IPD Canada Annual Property Index. Edmonton (13.

Alberta rent controls not in the cards

Alberta landlords appear confident that they will not be facing rent controls, despite what appears to be sharp left turn by the province’s Conservative government.

Cold Lake turning into hot rental play

Cash-heavy Cold Lake, considered the number two oil sands community in Alberta, is poised to become a white-hot market for residential landlords this year. Pub and restaurant owners should also feel the heat.

Spruce Grove approves $30m mixed-use project

The City of Spruce Grove has approved a key new development and a necessary land sale to accommodate it. The $30-million development, known as Tri Village Commons, is adjacent to the Edmonton suburb's popular TransAlta Tri Leisure Centre.

High River annexes 1,700 acres

The southern Alberta town of High River grew significantly on January 1.

Province nets record rights sale

While urban municipalities are expanding, the oil and gas industry in Alberta continues to gobble up the rights for oil and gas deposits in the province - and to pay significantly for those rights.