Has Calgary’s downtown office market hit its bottom?

A new report by commercial real estate firm Cresa says most of the vacancy rate bleeding has stopped

Has Calgary’s downtown office market hit its bottom?Has the Calgary downtown office market hit its bottom? A new report by commercial real estate firm Cresa says the vacancy rate for the market edged up 0.5 per cent from the previous quarter, reaching 24.95 per cent in the second quarter of this year. “Five years ago in Calgary, when office occupancy neared 97.5…

Vincenzo Aliberti is shaping Calgary’s leaders of the future

Vincenzo Aliberti talks about how Empowering Minds gives young people the confidence and resilience to be successful

Vincenzo Aliberti is shaping Calgary’s leaders of the futureVincenzo Aliberti is executive director of Empowering Minds. Calgary’s Business: What is Empowering Minds? When did it get started? And how many youth has the organization touched since its inception? Aliberti: Empowering Minds is a Calgary-based not-for-profit that provides youth and educators with proven and innovative youth programs that develop the confidence, resiliency and focus necessary…

Need help tapping into the marketing power of digital platforms?

Crystal DeCnodder of Full Blast Creative talks about how to put social media to work building your business

Need help tapping into the marketing power of digital platforms?Crystal DeCnodder is partner and vice-president of digital marketing for Full Blast Creative. Calgary’s Business: Why is it important for businesses today to adopt social media and social media advertising into their operations? DeCnodder: Social media marketing has come a long way since 2011 when I started my social media company. When the industry first…

Putting the personal touch back into public relations

Shauna MacDonald of Brookline PR talks about putting together campaigns that lead to measurable results

Putting the personal touch back into public relationsShauna MacDonald is principal of Brookline PR. Calgary’s Business: Tell us a little of the history of Brookline. How and when it got started and why you started the company? MacDonald: I founded Brookline in October 2004 after returning to Calgary from Boston, where I attended Boston University for my master’s and began my career…

Calgary’s luxury real estate market faces challenging times

With mounting supply and muted sales, downward price adjustments were common: Sotheby's report

Calgary’s luxury real estate market faces challenging timesCalgary’s top-tier real estate market saw a regression in the first six months of 2018, following a glimmer of recovery experienced in 2017, says a new report by Sotheby’s International Realty Canada. The real estate firm’s top-tier report, released on Tuesday, said “the reversion was largely attributed to rising interest rates and the introduction of…

Calgary’s office market faces a slow recovery

Susan Thompson of Avison Young says a reduction in average space needs is forcing landlords to reposition their properties

Calgary’s office market faces a slow recoverySusan Thompson is research manager at the Avison Young office in Calgary. Calgary’s Business: What's the current vacancy rate in the downtown office market and how is it trending? What was its peak and what was the lowest its ever gotten? Thompson: Calgary’s downtown office vacancy rate is currently sitting at 26 per cent and it…

Calgary tourism industry expected to grow this year

The city is especially appealing to young travellers, with 46% of overnight visitors younger than 35, says a report

Calgary tourism industry expected to grow this yearCalgary will see a bump in its tourism industry this year as Alberta’s economy continues to recover. In its latest Travel Markets Outlook report, released on Tuesday, the Conference Board of Canada forecasts overnight visits in the city to increase 3.1 per cent this year. Close to 3.9 million tourists are forecast to visit Calgary…

Calgary region housing starts drop in June but positive year to date

The growth in total housing starts has been driven by the condo market, which is up 36%: CMHC

Calgary region housing starts drop in June but positive year to dateHousing starts in the Calgary census metropolitan area fell by nearly 23 per cent in June compared with a year ago. According to a report released Tuesday by Canada Mortgage and Housing Corp., there were 1,067 units started in June. The federal agency said the single-detached market saw a decline of 19 per cent to…

Stampede Investment Forum offers Alberta industry insights

'Unique opportunity for international delegates to connect directly with innovative and entrepreneurial leaders'

Stampede Investment Forum offers Alberta industry insightsThe 2018 Stampede Investment Forum is bringing together 70 companies from 16 countries to learn about investment opportunities in Calgary and across Alberta. The forum, taking place this week in Calgary, has received a three-year contribution of $120,000 from the federal government. It's intended to provide delegates with insights on investing in Alberta's key industry…

Vacancy rate drops in new rental apartment projects in Calgary

The city is expected to experience further tightening in the rental market, which will place upwards pressure on monthly rents

Vacancy rate drops in new rental apartment projects in CalgaryThe next wave of comprehensive new rental apartment projects in Calgary is not scheduled to be completed until 2019 and 2020 but the city is expected to experience further tightening, which will in turn continue to place upwards pressure on monthly rents, says a report by Urban Analytics. The research firm defines ‘newer’ as rental apartment…
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