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Commercial Real Estate News
Calgary developer reports $6.7 million loss
Calgary-based Walton International Group Inc., one of Alberta’s largest property developers, has sought creditor protection after losing a reported $6.7 million in the past three years. Ernst & Y...

Big deals propel Calgary CRE activity higher
Commercial real estate activity in Calgary, driven by the office market, was up in the first quarter of 2017. A report from Altus Group’s Data Solutions showed the number of deals increased by 32...

Alberta's country-leading growth will be stronger than expected, Conference Board predicts
Alberta’s economic growth should be stronger this year than earlier predicted and will lead the country before slowing in 2018, the Conference Board of Canada’s spring provincial outlook says. ...

Calgary's first city-owned affordable housing project in 5 years opens in Crescent Heights
The opening of a new affordable housing development in Crescent Heights was celebrated Wednesday, but officials say there's a desperate need for more buildings like it in Calgary. The 16-unit bui...

Ford Motor Company to open distribution centre in Leduc
The mayor of Leduc is seeing light at the end of the city's two-year economic slump and he's betting the automotive industry can help drive the turnaround forward. The Ford Motor Company will open ...

Cabinet to have final word on infrastructure bank projects: Morneau
Finance Minister Bill Morneau says cabinet will have the final say on any projects approved by the Canada Infrastructure Bank, a proposed $35-billion entity that the Liberal government describes as an...

REMAX Commercial Investor Report for Western Canada
Much of Western Canada continued to experience slower market activity in the first half of the year as regional economies continued to recover from the downturn in the oil sector. In B.C.’s Lower M...

"We're so far behind": Canada unprepared for housing needs of rising senior population
As the number of seniors continues to grow, experts say Canada is failing to prepare for the housing and home care needs of an aging population. "We're so far behind where we ought to be, given we ...

Alberta moves to license home builders
The Alberta government wants to license home builders and post information about their track records online to protect consumers from shoddy work and fly-by-night companies. Bill 12, the New Home B...

One of Alberta’s largest property development companies seeks court protection following string of losses
The Walton International Group Inc. and numerous related companies that form part of an organization administering 105,000 acres of land for development projects across North America — including Edm...