More than a century after debuting the Fairmont Palliser, Fairmont Hotels & Resorts has announced a second Calgary hotel—this time near Stampede Park. Dubbed Fairmont Calgary, the new mixed-use tower will feature 225 hotel rooms, a spa, meeting spaces, and 100 residences. The project is a direct response to the transformation of Calgary’s Culture + Entertainment District and is being developed in partnership with Truman. While site details have not been confirmed, the propert

Saks Global, the retail conglomerate behind Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, filed for bankruptcy protection this week. Less than a year after the headline-making merger that aimed to create a North American giant. The $1.75B US financing package now in place will keep stores open for now, but the court's filing reveals staggering liabilities between $1 billion and $10 billion. The company cited supply chain disruptions and vendor confidence as key fact

Calgary’s housing market is cooling from last year’s pace, with sales now aligning more closely to longer-term averages. At the same time, new outlooks from major forecasters, including the Conference Board of Canada, project local economic growth of just under 1.8% this year, with Calgary expected to lead major Canadian cities in GDP growth next year as conditions strengthen.   Implications for commercial real estate: A stabilizing housing environment brings more predictable

The latest CFIB Business Barometer shows long-term small business confidence rising to 55.5, supported by holiday-season expectations — though still just below the historical average.   Short-term sentiment remains soft, and cost pressures continue to shape decision-making: 56% of firms cite insufficient demand as a key constraint. 72% report taxes and regulatory burden as major challenges. Price-increase expectations eased to 2.5%, with wage expectations steady at 2.2%.   Fo

The CFIB Business Barometer shows small business optimism declining again, with the 12-month outlook falling to 46.3.   Trade tensions are weighing heavily — 72% of business owners report negative impacts — while weak demand and cost pressures continue to challenge operations. Alberta confidence remains below the 50-point mark, echoing cautious expectations heading into year-end.   Connect with Us: Interested in how these confidence trends could influence upcoming leasing ne

Canada’s labour market is entering a new phase as baby boomer retirements hit their peak. By 2030, 92% of boomers will be over 65, pushing the national labour force participation rate from 65.3% to 63.4%—a drop larger than the last 14 years combined. This tightening supply comes just as labour market weakness is expected to unwind. Alberta and Calgary, with their reliance on construction, real estate, agriculture, and support services—all sectors with aging workforces—will li

United Place, an 88,000-sq.-ft. office building at 808 4th Ave. SW, has sold for $7.5 million. Built in 1975, the property will be...

The CFIB Business Barometer shows Canadian small business confidence rising slightly, with the 12-month outlook at 50.2. Short-term...

Vesta Properties has officially opened the Aspen Village Sales Centre and debuted two furnished showhomes in Springbank Hill. The 13-acre...

Allied Properties REIT has confirmed progress on its non-core property sales program. In 2024, the trust sold seven assets, including one...

Calgary is investing $71.8 million in the Belmont Fieldhouse & Library, a 118,000 sq. ft. multi-sport facility combined with a 10,000 sq....

A new ranking highlights Banff and Canmore as two of the best downtowns in the Rockies, underscoring their role as major drivers of...

ATB Financial projects Alberta’s economy will grow faster than any other province, with GDP forecast at 1.9% in 2025 and 2.1% in 2026 ,...

RBC Economics reports a sharp divergence in Canada’s housing starts performance. Alberta : 2025 housing starts are running 79% above the...

Canada’s economy posted its sharpest contraction since the pandemic, with Q2 GDP falling 1.6% annualized. Economists point to steep...

After years of record in-migration and limited supply, Calgary’s rental market is showing signs of balance. The surge of new...

One year after Calgary’s $3 billion hailstorm—Canada’s second costliest natural disaster—YYC Calgary International Airport is still...

A nearly 15% drop in Calgary’s Crime Severity Index between 2023 and 2024 is more than just a welcome statistic—it’s a signal that...

Alberta Resilient as National Headwinds Mount While more than half of Canada’s industries expanded in April, one sector—manufacturing—was...