The acquisition of Ravelin Properties REIT by Clarke Inc. has now closed, bringing together a portfolio of commercial real estate assets across North America and Europe. What stood out in the announcement was not simply the completion of the transaction, but the confidence Clarke expressed in the underlying real estate and its plans for the portfolio moving forward. According to Clarke, the acquisition adds "top-tier properties in their respective markets," with management em

Armco Capital is moving forward with the acquisition of Stephen Avenue Place and two neighbouring retail assets in downtown Calgary, continuing its expansion in the core. The 40-storey Stephen Avenue Place office tower and two adjacent retail buildings are currently under receivership. Since late 2023, subsidiaries associated with G2S2 Capital have assembled close to 3 million square feet of office space, with this acquisition expected to bring the total to approximately 3.6

Recently released 2024 data from Statistics Canada highlights the scale and momentum of interprovincial trade in manufactured and wholesale goods—with Alberta emerging as a key contributor. Alberta recorded the largest year-over-year increase in interprovincial wholesale trade, rising +$10.1 billion The province also saw a +$2.1 billion increase in manufactured goods sales, among the highest nationally Wholesale trade flows between Ontario and Alberta grew by $6.9 billion (+5

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

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

Deloitte’s Future of Real Estate in Canada report suggests a cautious but improving outlook for 2026, with capital slowly returning to the market and leasing decisions becoming more deliberate. Economists are forecasting stronger residential investment growth and a modest rebound in non-residential investment as borrowing conditions improve. At the same time, performance across asset classes remains uneven. Industrial, multi-family, and data-centre properties continue to lea

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