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September 2017 Archives

Commercial real estate and Calgary's mayor at odds?

Cow Town's mayor Naheed Nenshi is not in the good books of small business owners lately. The mayor of Alberta's largest city has been at the helm of a hefty hike in property taxes for some small businesses, making the foray into commercial real estate difficult. Taxes have increased at other government levels as well, so many owners of small businesses are feeling the pressure, while the mayor is in the hot seat.

Offices turned residential real estate in Alberta Cow Town

Calgary residents will be getting a vast choice of new places to call home. One the biggest real estate trusts in the country is planning on re-purposing four offices buildings located downtown into residential real estate units. The Alberta company is also planning on reclassifying commercially zoned land near Stampede Station to build a multifamily development consisting of 300 units. 

Alberta site of Passive House residential real estate pilot

The Passive House is being tested in the Calgary area. A residential real estate project, the Passive House was developed in Germany and is essentially a house out of a box. The Alberta pilot project aims to provide education regarding construction methods to trade suppliers. A Passive House apparently used 90 percent less energy than new builds since it utilizes sun and shade efficiently as heat sources for cooking and heat recovery.

More than $1 billion in real estate transactions in AB capital

Things are looking rosy on the real estate front in Wild Rose Country. Alberta's capital city has seen an increase in real estate transactions in the industrial, commercial and investment (ICI) sector along with increased sales in the office, multi-residential, retail and industrial areas. In fact, sales from these sectors totalled more than $1 billion from January to June this year. That figure is up from just over $712 million during the same period in 2016.

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