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

The Globe and Mail’s Report on Business has released its Top Growing Companies of 2025 , and Alberta is strongly represented.   Calgary highlights include: Valeura Energy (#1 overall) – 20,064% three-year revenue growth. PurposeMed (#23) – virtual health care provider. Helcim (#44) – cloud-based payment platform. Saturn Oil & Gas (#49) – energy producer. Goodlawyer (#50) – legal services platform. Virtuous Circle Counselling (#60) – therapy services. Rayner Constructio

After years of record in-migration and limited supply, Calgary’s rental market is showing signs of balance. The surge of new purpose-built rental completions has created more choice and stabilized conditions—giving tenants additional options and creating a more balanced environment for landlords.   In Calgary vacancy has eased from ~1.4% (2023) to ~4.6% (2024) as a record 21,000+ housing completions—nearly 9,000 purpose-built rentals—came online. This wave is moderating rent