For much of the past several years, Alberta has carried an unemployment rate above the national average despite leading the country in population growth and economic expansion. That gap is beginning to close. Statistics Canada's May labour force data show Alberta's unemployment rate declined to 6.6%, matching the national rate and improving from 7.4% one year ago. The province added approximately 14,000 jobs during the month, continuing a trend of strengthening labour market

Major homebuilders continue to position themselves for Calgary's long-term expansion. Mattamy Homes has announced plans for a new master-planned community in southeast Calgary, representing another significant investment in the city's growth. The project represents a long-term investment in Calgary's future growth, with development expected to progress in phases over the next decade. These projects are about more than new homes. They reflect continued confidence in Calgary's

A proposed downtown office conversion is reportedly pursuing a partnership with Waldorf Astoria as part of a vision to transform underutilized office space into a luxury hotel and residential destination. While the Waldorf Astoria affiliation remains unconfirmed, the broader trend is already underway. The announcement of a JW Marriott, W Hotel, and a second Calgary Fairmont signals growing confidence from global hospitality brands in Calgary's long-term growth story. These in

Concert Properties and Brookfield have announced a joint venture involving an eight-property Canadian industrial portfolio totaling approximately 5.3 million square feet and valued at roughly $1 billion. The portfolio includes assets in major markets such as Calgary, Vancouver, Toronto and Ottawa. The transaction is another signal that large institutional investors continue to view well-located industrial real estate as a long-term investment priority. Fully leased assets wit

Construction is now underway on the Everwild Harmony Nordic Spa & Hotel, a major wellness and hospitality development located in the community of Harmony, west of Calgary. The project will bring a year-round wellness destination to the region, featuring thermal pools, saunas, accommodations, dining amenities, and lakefront experiences designed to attract both local visitors and tourism traffic. Beyond the wellness component, developments like this highlight how experiential d

Calgary saw a decline in housing starts in April, following several years of record-setting residential construction activity across the city. While the slowdown reflects a moderation from exceptionally high levels of development, Calgary continues to remain one of Canada’s most active housing markets. Recent CMHC data showed Calgary leading major Canadian municipalities in housing starts, driven largely by apartment and purpose-built rental construction. The latest figures s

Calgary City Council has delayed a final decision on the future of the downtown CTrain Free Fare Zone, with the discussion now expected to continue into 2027. The Free Fare Zone has operated along 7 Avenue since the launch of Calgary’s original CTrain system, allowing riders to travel through the downtown core without paying a fare. Recent reviews have examined whether the program should remain in place, with discussions focused on safety, transit operations, ridership, and t

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

A new concept plan has been unveiled for The Confluence Historic Site & Parkland, outlining a long-term vision for the 42-acre site at the meeting point of the Bow and Elbow Rivers. The plan proposes a significant expansion of year-round public programming and cultural infrastructure, including: A 2,500-person Pow Wow Arbour as a central gathering space A covered event stage and concert lawn with capacity for major festivals and community events New gardens, interpretive path

Following the loss of its Inglewood taproom to a fire in 2024, Calgary-based Ol’ Beautiful Brewing is moving forward with plans to rebuild, while continuing operations through its production facility and new downtown concept, Sound Room. From a real estate perspective, the story highlights something increasingly important in Calgary’s urban districts: successful hospitality and retail businesses are often tied as much to place as they are to product. Ol’ Beautiful’s original