Greatest Boom Ever

Alberta has finally landed its first whale in the quest to draw $100 billion of data centre investment into the province — a new campus to be built by Meta Platforms.   Read more: https://tinyurl.com/59u5xhbu  

Just as restaurants and other businesses are closing and leaving Downtown, more office space is being leased, raising questions about recovery in the city’s core.         Read more: https://tinyurl.com/7aepxjt8  

A Brisbane developer has come up with a new style of off-the-plan apartments embracing intergenerational living.       Read more: https://tinyurl.com/4drdd3xc     

Sixteen more school projects in Calgary are being fast-tracked through a provincial government program, according to Alberta’s education minister.   Read more: https://tinyurl.com/25snn4d6     

Tsuut’ina Nation is partnering with a Calgary-based developer to expand its territory, with the goal of eventually developing the area into a master planned community.       Read more: https://tinyurl.com/396fwbuk  

Calgary’s real estate market may no longer be among the most affordable major markets in Canada, but it’s still attractive, as the findings of a recent study illustrate.     Read more: https://tinyurl.com/bdz9dren  

Another report finding Edmonton’s real estate market is among the most affordable in Canada is certainly nothing new these days.       Read more: https://tinyurl.com/mumpbkun      

Alberta’s population is expected to surpass seven million people in the next 25 years while also becoming older, more diverse, and increasingly urban, according to new projections from the provincial government.       Read more: https://tinyurl.com/bdd5t4p2     

TORONTO — A new report says Canada’s commercial real estate sector is seeing strong demand for downtown office space alongside shrinking industrial supply.     Read more: https://tinyurl.com/ymasm5yv  

The messaging from the Town of Okotoks was reassuring: Taxpayers won’t be on the hook for the new water pipeline as fees charged to developers will pay for the massive infrastructure project.       Read more: https://tinyurl.com/mr2n8ryn  

High mortgage rates coupled with record-high prices is causing homebuyers to pull back.   Read more: https://tinyurl.com/3vevnytp     

City council and staff have a clear plan forward and will be focusing on four key criteria to be used to evaluate council’s decision making moving forward.       Read more: https://tinyurl.com/4ub9by39      

Perth tenants are now paying record prices for rentals this quarter with the median price for a house in Perth reaching $750 – $50 more than the same time last year, as the market cements itself as the third most expensive in the country.           Read more: https://tinyurl.com/yp9z3t7n  

It’s taken more than two years, but Alberta has attracted its first big hyperscaler — U.S. giant Meta Platforms — to develop the country’s largest data centre.   Read more: https://tinyurl.com/kzc76c9j