Video: A look at Calgary’s latest jobless figures

Court Ellingson, vice-president of Strategy for Calgary Economic Development, talks to Calgary's Business about the city's struggling labour market

Statistics Canada has released the latest jobless figues for Calgary. What do they mean? Court Ellingson, vice-president of Strategy for Calgary Economic Development, talks to Calgary's Business about the city's labour market which saw its unemployment rate jump to 7.1 per cent in December - the fifth highest in Canada. The city also lost 6,600…

Video: Recent court ruling limits Airbnbs in condos

Erin Berney, a lawyer with Field Law, discusses implications of the recent ruling for condo boards and owners

A recent court ruling puts a temporary ban on the ability of condo owners to use their units as rentals on  the tourism site, Airbnb. Erin Berney, a lawyer with Field Law, explains the ruling and discusses what it might mean for the rights of both condominium boards and condo owners. If you own a…

Icon Business Park in Calgary sold for undisclosed sum

The property on 46 acres of land includes a 762,000-square-foot industrial facility in southeast Calgary

Icon Business Park in Calgary sold for undisclosed sumVancouver-based Hungerford Properties has sold the Icon Business Park in Calgary to an undisclosed buyer and for an undisclosed amount. The property on 46 acres of land includes a 762,000-square-foot industrial facility in southeast Calgary. Hungerford bought it in 2013 from manufacturer Haworth. It redeveloped the single-use building and turned it into a 98 per cent…

Video: Avison Young expert on Strategic’s challenges

In this video, Todd Throndson, Managing Director of commercial real estate firm Avison Young in Calgary, talks about Strategic Group's decision to put 56 properties under creditor protection

The downtown real estate market in Calgary continues to face major challenges. Todd Throndson, Managing Director of commercial real estate firm Avison Young in Calgary, talks to Calgary's Business about the recent news that Strategic Group was putting 56 properties under creditor protection, the downtown office market and what to expect in 2020. If you…

Financial planning can help cut the risk of bankruptcy: adviser

Bankruptcies are on the rise in Calgary and across Alberta, and there widespread concern over the long-term impacts

Bankruptcies are on the rise in Calgary and across Alberta, and there widespread concern over the long-term impacts.  The number of Alberta business bankruptcies in October 2019 increased by 15.4 per cent from the same period a year ago, from 13 to 15. Consumer bankruptcies in Alberta increased by 8.7 per cent, from 447 in…

How to kill our economic recovery: endless Wexit threats

The worst thing Alberta can do is let the Wexit debate linger. A never-ending debate will only trigger a permanent loss of economic power and status

How to kill our economic recovery: endless Wexit threatsWhen the topic of political separation comes up, there’s one thing most of us can agree on: it’s bad for business. Recent grumblings in Alberta about breaking free of Ottawa’s shackles – which are, less face it, profoundly annoying and bad for business in their own way – brought back memories of that other separatist…

FCL shutting down Calgary centre, more than 200 jobs lost

The move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods

FCL shutting down Calgary centre, more than 200 jobs lostFederated Co-operatives Ltd. is eliminating more than 200 jobs in Calgary this spring as it shuts down its Calgary Food Distribution Centre effective April 2020. In a news release on Thursday, FCL said the move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods. “We're deeply saddened by this…

House prices continue to fall in Calgary/Edmonton regions

The benchmark price fell by 2.37 per cent in Calgary and by 2.36 per cent in Edmonton in October from year ago levels.

House prices continue to fall in Calgary/Edmonton regionsHome prices continue to fall in Calgary and Edmonton, according to the latest monthly report by the Canadian Real Estate Association. In a report released Friday, the association said the benchmark price - which is the price of a typical home in the market - fell by 2.37 per cent in Calgary and by 2.36…

Housing starts on the rise in Calgary, Edmonton

Across Alberta, single-detached starts were up 11%, according to CMHC

Housing starts on the rise in Calgary, EdmontonThere was good news in the Calgary and Edmonton region homebuilding industry in October as housing starts were on the rise during the month. A report by Canada Mortgage and Housing Corp. indicates that single-detached starts of 282 were three per cent higher than a year ago and ‘all other’ starts jumped by 30 per…
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