Stephen Avenue Place, one of downtown Calgary’s landmark office and retail towers, has been placed into receivership — a significant development for the city’s commercial real estate sector.   Located at 700 2nd Street SW, the 40-storey tower controlled by Slate Asset Management and financed through a syndicated mortgage led by Timbercreek Financial. Senior debt reportedly totals $139 million, against a City of Calgary assessed value of approximately $59.95 million. The Court

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

A worker needs to earn more than double Alberta’s $15/hour minimum wage to afford a one-bedroom apartment at the 30% income threshold....

Downtown Calgary’s 28-storey First Tower has been acquired by G2S2 Capital Inc. and its affiliate Armco Group of Companies.   The...

Alberta’s film and TV sector contributed about $450 million to the province’s GDP in 2023 and supported more than 3,200 jobs, according...

Calgary is marking two major milestones in aviation training: Mount Royal University will celebrate the grand opening of its new...

Imperial Oil is moving ahead with plans to downsize as part of a broader restructuring effort. The company says the changes are aimed at...

A new National Bank report shows real investment in industrial machinery and equipment has fallen to its lowest level since 1981—starkly...

Vancouver is moving to remove rezoning requirements in key corridors like Broadway and Cambie—allowing developers to proceed directly to...

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

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

The Government of Alberta has unveiled a new levy framework for large-scale, grid-connected AI data centres: 2% hardware levy effective...

Calgary has broken ground on Boro Block, a 196-unit below-market rental project at 11 Haddon Road SW, the former YMCA site. The...

Ravelin Properties (formerly Slate Office REIT) has acquired the remaining 25% interest in Commerce West (Etobicoke) and Gateway Centre...

Primaris REIT’s CEO says retail is in a “clean-up phase” as the trust continues to acquire regional malls across Canada. The strategy...

Calgary is steadily building a reputation as one of the most competitive cities in North America for investment and growth. Businesses...

A new National Bank report shows real investment in industrial machinery and equipment has fallen to its lowest level since 1981—starkly...