University District launches latest condo project

U of C-area development has secured new retailers and officially broken ground on its three-acre Central Park

University District launches latest condo projectThe massive mixed-use University District development in Calgary has launched a new residential condominium project, secured new retailers and officially broken ground on its three-acre Central Park. West Campus Development Trust, which is spearheading the overall development, and Avi Urban announced recently that the new condo project, Argyle, will feature one-, two- and three-bedroom condos.…

Routine Inc. named Calgary’s Small Business of the Year

‘There is nothing small about small business in Calgary,’ said Sandip Lalli, president and CEO of the Calgary Chamber

Routine Inc. named Calgary’s Small Business of the YearRoutine Inc., a beauty, cosmetic and personal care company, is Calgary’s Small Business of the Year. The award was presented by the Calgary Chamber of Commerce at the recent Small Business Week Awards Gala. The company founded by sisters Pippa and Neige Blair creates natural body products. “There is nothing small about small business in…

Calgary commercial-to-residential tax growth leads nation

We continue to see several cities across Canada shifting the burden of property taxes to business owners: Altus Group

Calgary commercial-to-residential tax growth leads nationA report on Monday from Altus Group  says that for the second consecutive year, Calgary saw the largest ratio increase among 11 Canadian cities surveyed for the 2019 Canadian Property Tax Rate Benchmark Report. The report looks at the ratios between commercial and residential property taxes across the country. Altus Group is a leading provider…

Nordstrom Rack learning from its customers

Calgary manager Barry Yuan says convenience is at the forefront of the store’s shopping experience

Nordstrom Rack learning from its customersBarry Yuan is store manager at Nordstrom Rack Deerfoot Meadows in Calgary. What is Nordstrom Rack's presence in Canada? Yuan: There are currently six Nordstrom Rack stores in Canada including: Nordstrom Rack Vaughan Mills – opened March 22, 2018 Nordstrom Rack Deerfoot Meadows, Calgary – opened April 26, 2018  Nordstrom Rack One Bloor, Toronto –…

True North REIT buying ATB Westwinds Campus office building

True North REIT buying ATB Westwinds Campus office buildingToronto-based True North Commercial Real Estate Investment Trust announced Thursday it had acquired two Class A office properties - one in Markham, Ontario and one in Calgary. The Ontario property is a 315,400-square-foot office building located at 101 McNabb Street while the Calgary property is a 209,400-square-foot building  located at 3699 63rd Avenue NE. Both…

Strong in-migration to fuel housing demand in the Calgary region

Pace of new home construction is projected to gain traction in 2020 and 2021

Strong in-migration to fuel housing demand in the Calgary regionStronger in-migration into the Calgary area will fuel housing demand and result in gains in MLS ales over the next two years, says the Housing Market Outlook report released by Canada Mortgage and Housing Corporation. Supported by strong population growth, the pace of new home construction is projected to gain traction in 2020 and 2021…

Alberta a Canadian leader in the retail cannabis market

Alberta a Canadian leader in the retail cannabis marketWhen it comes to the legal retail cannabis market in Canada apparently Alberta is a leader among the provinces. According to ATB Financial’s Economics & Research Team,  the Alberta Liquor and Gaming Commission has issued more than 280 licences for retail cannabis stores. “While a blackmarket still exists, $170 million in retail sales were recorded…

Husky Energy sees drop in quarterly net earnings

Prince George Refinery sale and other steps taken ‘to further align the organization and workforce’

Husky Energy sees drop in quarterly net earningsJust days after announcing an undisclosed amount of layoffs, Calgary-based Husky Energy released it third-quarter financial results indicating the company saw its net earnings fall to $273 million compared to net earnings of $545 million in quarter three of 2018. In a news release on Thursday, Husky said funds from operations were $1 billion compared…

Costco to anchor new development on Tsuut’ina Nation

The 150,000-square-foot store, now under construction, will be at the corner of the new southwest Calgary Ring Road and 130th Avenue

Costco to anchor new development on Tsuut’ina NationRetail giant Costco is the anchor tenant of the new Taza development on Tsuut’ina Nation. Tsuut’ina is partnering with Canderel on the project that includes The Shops at Buffalo Run, a major retail centre that encompasses 45 acres and 400,000 square feet of retail, entertainment and restaurant uses. It will be home to the first…

How we can change the world and ourselves

Lloyd Cenaiko talks about the work his organization HART does in Eastern Europe and why each small act makes a difference

How we can change the world and ourselvesLloyd Cenaiko is president of HART. What is HART and what does it do? Cenaiko: HART is a relief, aid and missions agency, dedicated to alleviating poverty and injustice in Eastern Europe. For the past 20 years, HART has been on the cutting edge of a movement focused on empowering and equipping local leaders, agencies…