Alberta leads country with highest level of average debt

Calgary and Edmonton had the highest levels of debt of major Canadian cities

Alberta leads country with highest level of average debtThe average consumer debt continues to rise in Alberta with the highest level in the country, according to the latest Equifax Canada Q2 2018 National Consumer Credit Trends Report which was released on Wednesday. Calgary and Edmonton had the highest levels of debt of major Canadian cities and Alberta had the highest for all the…

Calgary suburban office market changing to reflect challenging demand

Landlords continue to get creative to attract tenants because of the prolonged high vacancy in the market

Calgary suburban office market changing to reflect challenging demandVacancy in Calgary's suburban office market decreased 30 basis points in the third quarter to 22.9 per cent due to 85,971 square feet of positive absorption, says a new report by commercial real estate firm CBRE. But the company said fundamentals in the market remain flat. It said positive absorption in the quarter can be…

Calgarians need to chase a dream together

Emma May talks about her role in the grassroots movement Yes Calgary 2026 and why she believes the city needs the Olympics

Calgarians need to chase a dream togetherEmma May is the co-founder and brand and culture officer with Charles Real Estate in Calgary. Explain what your role is in the Olympic 2026 bid for the city. May: I’m a volunteer with Yes Calgary 2026. Essentially, I’m part of a group of citizens who like the idea of hosting the Olympics. I help…

Calgary industrial real estate market surges

Of the total square footage under construction, CBRE said more than 85% is being built on spec

Calgary industrial real estate market surgesThe Calgary industrial real estate market had just over 3.9 million square feet in the construction pipeline at the end of the third quarter, the second largest amount recorded since an historical high of 5.2 million square feet in the first quarter, according to a new report by CBRE. Of the total square footage under…

Calgary home prices forecast to rise in fourth quarter

With healthy inventory and the return of higher-paying jobs, activity is picking up in the upper-end of the market: Royal LePage

Calgary home prices forecast to rise in fourth quarterThe aggregate home price in Calgary increased 3.4 per cent to $495,845 in the third quarter of 2018, according to the Royal LePage House Price Survey and Market Survey Forecast released on Tuesday. The real estate firm said the median price of a two-storey home and a bungalow rose 4.5 per cent and 3.7 year…

Staying at the forefront of the evolution in menswear

Larry Rosen talks about the eclectic fashion mix he sees in Calgary and how Harry Rosen Inc. strives to meet those needs

Staying at the forefront of the evolution in menswearLarry Rosen is chairman and CEO of Harry Rosen Inc. What are the most popular trends in menswear this year? Rosen: There's a lot of interesting things happening. I guess what I would define as the most interesting continuing trend is with the casualization of the workplace with many offices going casual for larger portions of the week.…

Calgary resale housing market remains sluggish

But despite a high number of listings and slow movement, prices have remained relatively stable

Calgary resale housing market remains sluggishWe're two weeks into October and not much has changed for Calgary's resale housing market. The pattern that has defined the market for the better part of this year continues as MLS sales remain sluggish and active listings remain elevated compared with a year ago. Despite an economy on the upswing, albeit slowly, the city's…

Calgary downtown office market on upswing

Lower rents, amenities, transit and proximity to clients are compelling suburban tenants to consider relocating into the core: CBRE

Calgary downtown office market on upswingThe Calgary downtown office market experienced 193,640 square feet of positive absorption – the change in occupied space – in the third quarter. That was the most positive absorption recorded in a quarter since 2014, says a new report from commercial real estate firm CBRE. The report said class AA product continued to outperform the…

Calgary, Edmonton home prices differ by about $100,000

For both Alberta cities, the benchmark price was down about 2.6% from a year ago. Nationally, prices have risen about 2.3%

Calgary, Edmonton home prices differ by about $100,000What’s the difference between living in Calgary and Edmonton when it comes to home prices? About $100,000. A report released on Monday by the Canadian Real Estate Association indicated that the benchmark price, which is reflected in the typical home sold in a market, was $424,200 in Calgary in September and $326,700 in Edmonton. The association…

Variety of events planned to celebrate local entrepreneurial spirit

‘There is nothing small about Small Business Week Calgary,’ says Calgary Chamber president and CEO Sandip Lalli

Variety of events planned to celebrate local entrepreneurial spiritThere’s nothing small about small business and next week the Calgary Chamber will kick off a celebration of the big and great things that entrepreneurs do in this city. A number of events are planned for the BDC Small Business Week from Oct. 15 to 19. It will offer great networking opportunities for entrepreneurs in…
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