Construction is officially underway on the first of three hotels planned for Calgary’s Stampede Park. The 13-storey, 320-room Autograph Collection by Marriott broke ground this month and is set to open in 2028. Backed by a $330 million investment from Truman, this project is a cornerstone of the evolving Culture + Entertainment District and a key complement to the expanded BMO Centre. Site preparation—including demolition and utility relocation—began in July 2025, with excava

Minto Apartment REIT, one of Canada’s largest rental housing landlords, is going private in a $2.3 billion all-cash transaction. Crestpoint Real Estate Investments, in partnership with longtime property manager Minto Group, will acquire the trust at $18.00 per unit, a 35% premium over recent trading levels. Minto’s portfolio includes 7,600 rental units across 28 properties, including four Calgary assets totaling 665 suites. While occupancy remains high (96%) and average rents

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

When looking across small and mid-sized businesses, the distinction between goods and service firms is also a distinction in where they operate. Goods-producing businesses are largely concentrated in retail, manufacturing, and wholesale activities, while service-oriented firms are spread across professional and business services, construction, hospitality, and health-related fields. Firms that blend both models tend to show up most often in retail, construction, and manufactu

Canada’s population growth slowed sharply in Q2 2025, driven by a steep decline in the number of non-permanent residents. Between April and July, the country added just 47,905 people — a 90% drop compared to the same quarter last year. This marks one of the weakest population gains since 2020. The number of non-permanent residents — including temporary foreign workers and international students — fell by 58,719 in the quarter. This follows new federal policy changes aimed at

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

As Alberta accelerates efforts to become a global hub for artificial intelligence data centres, a major proposal just hit a local...

A 16-storey, 440-bed student housing tower and the tallest building in Calgary’s University District. Built to Built Green Gold standards...

expanding its mission of accelerating low-carbon energy innovation. Located in The Ampersand, the ETC has supported over 60 startups and...

Above the major banks’ 680 mortgage approval threshold, but still below the average homeowner’s 764. Despite credit eligibility, high...

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

Alberta has unveiled a new levy targeting large-scale, grid-connected data centres consuming 75 megawatts (MW) or more. Starting December...

Despite rising unemployment and slow GDP growth. Analysts warn that elevated prices may be out of sync with economic conditions, as banks...

July Trade Numbers Show Signs of Stabilization Canada’s international trade flows showed early signs of stabilization in July following...

joining other major Canadian banks ramping up in-person mandates. The new policy applies to corporate tower staff, with executives...

Over the past decade, Canada’s oilsands sector has witnessed a jaw-dropping $89 billion in M&A activity across 34 deals—90% of which were...

Retail sales in Canada surged 1.5% in June, contributing to a 2.8% annualized increase in real retail spending for Q2—more than double...

Calgary led Western Canada in office investment for the first half of 2025, recording $479 million across 26 transactions. That’s more...

This is to help pay down debt from its $26B Shaw acquisition. The Tier 2 and 3 facilities—offering up to 49MW of capacity—will continue...

Canada’s global pension investment giant is unifying its brand. Caisse de dépôt et placement du Québec (CDPQ), one of North America’s...