Vancouver-based Anthem Properties buys Calgary CBC building

The developer proposes a townhome community on the site with panoramic views of the river valley and downtown Calgary

Vancouver-based Anthem Properties buys Calgary CBC buildingVancouver-based Anthem Properties Group Ltd. has bought the former CBC building just off Memorial Drive in Calgary and will use the site for a future residential redevelopment. The 2.43-acre site is located at 1724 Westmount Boulevard N.W. in the Hillhurst-Sunnyside neighbourhood. The building was vacated by the CBC last year as the national public broadcaster…

Housing affordability worsens in Calgary

New RBC report blames tough economic times and rising interest rates

Housing affordability worsens in CalgaryHousing affordability hasn’t been a real issue for close to 10 years in Calgary but the picture isn’t quite as rosy as it was just three years ago, according to the latest latest Housing Trends and Affordability Report issued on Tuesday by RBC Economic Research. “Tough economic times first undermined local buyers’ ability to own…

Turning the corner: signs of optimism abound in Calgary

Investors are slowly showing restored confidence. And there are plenty of other positive economic and social signs to be found

Turning the corner: signs of optimism abound in CalgaryConsidering Canadian pipeline politics over the past year, a thought struck: If the people who built the trans-Canada railway in the late 1800s had operated with the same level of artifice and inaction (i.e. incompetence) that’s been shown on the pipeline file, the tracks would have stopped well short of Thunder Bay, Ont. Our federal…

Weighing the viability of Calgary hosting the 2026 Winter Olympics

Bid corporation chair Scott Hutcheson wants to focus on the 'value proposition", that is, the return on investment and the payback for the community

Weighing the viability of Calgary hosting the 2026 Winter OlympicsWell-known Calgary businessman Scott Hutcheson has been selected as the chair of the board of directors for Calgary’s 2026 Olympic Bid Corp. Hutcheson is the co-founder of Aspen Properties and the company’s executive chair of the board. Aspen owns a number of office properties in Calgary and Edmonton. Calgary's Business: Why did you take on this role? Hutcheson: I skied…

Calgary’s 2026 Olympic bid needs real due diligence

Establish a business-focused bid committee and poll Calgary taxpayers on what they really want before committing to the Games

Calgary’s 2026 Olympic bid needs real due diligenceThe recent flurry of administration flubs and related stories around Calgary’s potential 2026 Olympic bid only serve to cloud the real issues and elevate public confusion. If we’re going to commit to hosting the Winter Games in eight years, we owe it to ourselves to do real due diligence – and to embrace common sense…

Calgary-based Communo connects entrepreneurs in the shared economy

Mobile app helps businesses in the marketing and advertising fields to connect and work together with the click of a button

Calgary-based Communo connects entrepreneurs in the shared economyCalgary-based tech company has launched a mobile app helping businesses in the marketing and advertising fields to connect at the click of a button and work together in the new shared economy. Communo was founded about a year ago by Calgary marketing gurus Ryan Gill and Chris Kneeland, who turned Cult Collective into an internationally-recognized…

What does the future hold for Calgary’s economy?

The economy is experiencing its most significant transformation since the industrial revolution. It's time for Calgary to get creative

What does the future hold for Calgary’s economy?There's only one certainty in life: change. So the next wave of prosperity in Calgary, Canada's most dynamic city, will probably not be driven by another oil and gas boom. There's an old saying that “nothing fails like success.” This proverb is used to describe a tendency to stick with what we're good at, simply…

Calgary building permit values up in 2017

In December, the Calgary region registered $449.9 million in building permits, up 73.3 per cent year-over-year

Calgary building permit values up in 2017  Statistics Canada reported on Wednesday that the value of building permits in the Calgary census metropolitan area edged up 0.1 per cent in 2017 to $5.4 billion. “The institutional component registered the largest increase, posting a value of $1.1 billion, more than double the previous year's value,” StatsCan said. “The single-family component followed, up 23.1 per…

Calgary commercial real estate activity on upswing: report

Barclay Street Real Estate says the number of sales were up in 2017 and there were ‘significant shifts in investor focus

Calgary commercial real estate activity on upswing: reportTransactions in Calgary's commercial real estate sector reached $2.35 billion in 2017, slightly down from the previous year. But the number of investment sales grew by 25 per cent, according to a new report by Barclay Street Real Estate. Total dollar volume in 2016 was $2.63 billion. In 2017, there were 381 sales compared with…

Calgary housing market moderately vulnerable: CMHC

‘Growth in employment and in the young adult population have helped support housing demand and price levels in Calgary’

Calgary housing market moderately vulnerable: CMHCThe latest Housing Market Assessment report by Canada Mortgage and Housing Corp. indicates Calgary's real estate market is experiencing a “moderate degree of vulnerability.” The objective of CMHC’s assessment is to identify locations in which there are heightened vulnerabilities to housing market instability from the level of house prices and/or from factors that are known…