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…

Edmonton jobs jump, Calgary jobs slump

Edmonton added 5,900 positions from May. Calgary, on the other hand, saw losses of 4,600 jobs

Edmonton jobs jump, Calgary jobs slumpThe labour picture in Alberta’s two biggest cities showed contrasting directions in June, according to ATB Financial’s Economics and Research Team. In a report filed Friday, ATB said Edmonton added 5,900 positions from May and the unemployment rate ticked a 10th of a percentage point higher to 6.6 per cent. Calgary, on the other hand,…

Expansion of Calgary Stampede’s BMO Centre closer to reality

Organization hopes for good news as early as this fall regarding funding of the $500-million project by three levels of government

Expansion of Calgary Stampede’s BMO Centre closer to realityThe $500-million expansion of the BMO Centre is a priority for the Calgary Stampede and the organization hopes it gets some good news as early as this fall regarding funding by three levels of government to push that key project forward. “We currently have all three levels of government at the table working on the…

Calgary downtown office vacancy rate remains high

Local economy seems to have found its bottom and appears to have stabilized: Avison Young report

Calgary downtown office vacancy rate remains highCalgary’s downtown office market continues to struggle with its vacancy rate rising again in the second quarter of this year, according to a report by commercial real estate firm Avison Young. The report, released on Thursday, said the office vacancy rate was 26 per cent, slightly up from 25.6 per cent in the first quarter…

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…