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Ranchman’s Cookhouse & Dancehall will be relocating from its long-standing Macleod Trail S. location, opening the door for a new phase of redevelopment on the property. The transition reflects broader change along this established south Calgary corridor, where older entertainment and retail sites are being reconsidered for more intensive, mixed-use formats. Early concepts for the property indicate a residential-led project designed with active ground-floor commercial space an

Alberta’s 2026 provincial budget outlines more than $6 billion in capital investment directed toward Calgary. $1.1 billion for LRT expansion, including airport connector development $266 million for Deerfoot Trail improvements Support for 45 active and 14 new school projects $160 million for the University of Calgary Multi-Disciplinary Hub $83 million to expand enrolment at the University of Calgary’s Faculty of Veterinary Medicine $808 million for municipal infrastructure an

A proposed hyperscale data centre complex in Olds, Alta., has encountered a regulatory setback after the Alberta Utilities Commission rejected an application to construct the dedicated power plant intended to supply the facility. The proposed Synapse development is envisioned as a $10-billion, 1-gigawatt data centre campus, potentially the largest in Canada. The project would include approximately two million square feet of computing infrastructure, supporting artificial inte

Calgary City Council will hold a public hearing beginning March 23 to consider a proposed amendment to Land Use Bylaw 1P2007 that would repeal the citywide residential rezoning introduced in 2024 and restore previous low-density residential districts. The hearing, scheduled to begin at 9:30 a.m. in Council Chamber at the Municipal Building, is expected to run multiple days due to significant public participation. Written submissions must be filed by March 16 at noon through t

Calgary Transit is conducting a customer survey (Feb. 16 – March 8, 2026) as part of a formal review of the CTrain Free Fare Zone along 7 Avenue, between Downtown West/Kerby and City Hall/Bow Valley College stations. The Free Fare Zone has been in place since 1981. With significant population growth, shifting travel patterns and evolving downtown destinations, the City is reassessing its value and long-term role within the transit network. Key considerations include: - User b

Alberta’s 2026-27 budget confirms higher provincial education property taxes and a series of fee adjustments that will affect commercial property owners and businesses across the province. Non-residential ratepayers will see a 4.25% increase in the provincial education property tax levy. Non-residential education property tax rising to $4.17 per $1,000 of assessed value (up from $4.00 in 2025 and $3.76 in 2024). Residential rate increasing to $2.84 per $1,000 of assessed valu

Calgary Co-op has introduced a new mixed-use grocery location, signalling an evolution in how essential retail is being embedded within higher-density development. Unlike traditional suburban formats characterized by larger standalone buildings and surface parking, this concept is integrated within a residential development and oriented toward walkable access. The approach reflects broader intensification trends across Calgary, where retail is increasingly positioned within..

Oxford Properties has listed a prominent multi-building office complex in downtown Toronto for sale, marking one of the more significant office dispositions currently in the Canadian market. The offering reflects continued repositioning within institutional office portfolios as owners evaluate capital allocation, asset performance and long-term leasing fundamentals in core urban markets. Large-scale listings in major Canadian cities underscore the broader recalibration occurr

Recovery efforts in Jasper are progressing, and by the end of 2027 the majority of the Municipality of Jasper’s approximately 370 businesses, hotels and residences lost in the wildfire are expected to be rebuilt. Full community restoration is projected within five years.   A key driver behind this progress is the Jasper Recovery Coordination Centre (JRCC), a partnership between the Municipality of Jasper and Parks Canada. The JRCC is overseeing the long-term rebuild strategy

After more than 25 years telling Calgary’s business stories, David Parker is stepping into retirement — and our industry owes him a sincere thank you.   David was more than a columnist. He was a connector within Calgary’s development and commercial real estate community. He showed up to announcements, openings, groundbreakings and industry events not simply to report, but to understand the people behind the projects. He built genuine relationships with developers, brokers, in

Calgary is seeing record levels of new home construction while market conditions begin to moderate. Recent reporting highlights elevated housing starts and strong construction activity across the region, even as sales activity cools and inventory levels rise. The combination signals a market transitioning from peak demand toward greater balance. Sustained residential construction supports employment, trade activity and population growth — all of which influence retail demand,

The City of Calgary has approved two additional office-to-residential conversion projects focused on below-market housing in the downtown core. HomeSpace Society will redevelop the vacant five-storey brick office building at 1000 8th Avenue S.W., which has been unoccupied for approximately two years. Trellis Society is also moving forward with the conversion of vacant office space at 441 5th Avenue S.W. Both projects continue Calgary’s strategy of adapting underused downtown

Calgary added more than 52,800 people in just one year. Between July 2024 and July 2025, the Calgary Economic Region grew by 2.8%, the highest population increase in absolute terms among Canadian economic regions. While growth has moderated due to slower migration, Calgary continues to outperform long-term averages. Population expansion continues to support commercial real estate demand across retail, industrial, and employment-driven office submarkets, even as growth normali

In 2025, the city recorded 23,360 housing starts, up nearly 16% year over year, driven largely by apartment construction and purpose-built rental supply. At the same time, residential building permit values declined, signaling a more selective development pipeline ahead. Calgary finished the year with 23,467 units under construction and more than 20,400 completions. Expanded residential supply supports long-term commercial real estate fundamentals by anchoring population gr