Industry News
| Calgary’s industrial real estate market demand strong (2011-10-27) Despite the continued uncertainty in global financial markets, Calgary’s industrial real estate market continues to improve. CBRE forecasts the industrial vacancy rate in Calgary will continue to fall in each of the next few quarters, dipping to 2.3 per cent in the fourth quarter of 2012. |
| Bank of Canada faces interest rate dilemma (2011-08-11) The Bank of Canada had been expected to start raising interest rates in September, but is now likely to keep them on hold or even announce a cut, experts say. Canada's central bank is due to make an announcement on rates in September, on the heels of the recent decision by the U.S. Federal Reserve Bank to keep interest rates south of the border low and stable for two years. |
Council gives $10M boost to plan for new Calgary movie production centre (2011-07-27) A $30-million-plus film facility meant to attract major movie productions to Calgary and boost Alberta’s homegrown industry is one step closer to reality after city council on Monday unanimously approved $10 million for the project. The Alberta Creative Hub, to be built at Canada Olympic Park, is meant to fill significant gaps in the province’s film industry and allow it to compete with other jurisdictions. |
$4.5M cost of Calgary land raises concerns of council (2011-06-21) City hall will have to spend almost $4.5 million to buy a parcel of land in the southeast for a future fire, police and bylaw services station to serve the soon-to-be completed hospital in Seton. The decision by council comes over the objections of a handful of aldermen and the mayor, who say the purchase price is just too steep for the 4.57 acres. |
CN preps $200M new Calgary logistics park (2011-06-15) CN will start work on its $200-million logistics park this summer, a move that will create a larger, centralized distribution centre and build on the Calgary region's growing reputation as a transportation hub. The project, on almost 400 hectares just east of Calgary, will lead to the eventual sale of CN's Sarcee yard in the city's southeast as the rail carrier shifts intermodal and other operations to Rocky View County. |
Calgary company sees gold in old Ogden construction dump (2011-05-31) It may not be the most obvious choice of real estate in Calgary, but a local company wants to buy the old Ogden landfill and salvage three decades worth of construction waste from the site. ECCO Waste Systems LP says it can recycle up to 80 per cent of the concrete, asphalt, and other material in the dump before turning around and selling part of it for redevelopment. |
Stoney Warehouse 4 anticipated to be largest LEED certified building in Canada (2011-05-27) Construction has begun on another massive building in the Stoney Industrial Centre — the fourth structure in the project by WAM Development Group in partnership with Alberta Investment Management Corporation. Stoney Warehouse 4 will be a 436,000-square-foot building and is projected to be completed by the fourth quarter of this year. It will be the fourth of an eventual six buildings on the northwest corner of Deerfoot Trail and Country Hills Boulevard. |
Calgary industrial real estate vacancy declines (2011-04-29) The Calgary industrial real estate market continues to improve with the vacancy rate in the city declining. A report by DTZ Barnicke said vacancy fell from 5.11 per cent last quarter to 5.05 per cent in the first quarter of this year. During this period, the market registered about 215,000 square feet of net absorption, the change in occupied space. |
Demand increasing for industrial real estate in Calgary (2011-03-07) Positive momentum continues to grow within the Calgary industrial real estate market, according to a new report by Avison Young. And a trend of increasing demand has convinced several developers to bring new product to the market. This new construction will not be available until the end of 2011. |
Steady demand for Calgary industrial real estate (2011-01-05) The vacancy rate in Calgary's industrial real estate market declined 27 per cent in the last half of 2010. A report by Inducor Real Estate Solutions said the downward trend was a continuation of consistent vacancy rate decreases since the beginning of the year. The vacancy rate at the end of 2010 was 4.2 per cent, down from 6.25 per cent last January and about 5.75 per cent in June. |
