Greatest Boom Ever

An empty parcel of land that has sat vacant on the city’s north side for almost two decades may in the near future be home to a mid-rise apartment following a rezoning request passed by council Monday.       Read more: https://tinyurl.com/3z9w8mey  

Billionaire Alex Birkenstock, heir of German cult sandal brand Birkenstock, and his wife, Vanessa, have bought a $51.5 million whole-floor apartment in Sydney’s Crown Residences in cash.       Read more: https://tinyurl.com/4tbnzd2a  

In order to reduce wait times, six new fire halls are needed to serve the city’s growing neighbourhoods near the Anthony Henday ring.       Read more: https://tinyurl.com/2u58xwzh  

Five years ago, over 40 countries pledged to scale back and phase down unabated coal power at the COP26 UN Climate Summit by 2030-2040, with hundreds of institutions promising to end international coal financing. Three years later, the Group of Seven (G7) nations, namely the United States, UK, Canada, France, Germany, Italy, and Japan, officially agreed to exit from unabated coal power generation between 2030 and 2035, marking the first major commitment by the world’s largest economies. But the rules are now being rewritten, and in times of crisis, it always comes back around to dirty coal .   Global demand for coal as a primary power source is surging again, thanks to the ongoing energy crisis triggered by the war in Iran, with countries that previously prioritized cleaner energy reversing course and utilizing coal as a reliable, cost-effective baseline alternative.       Read more: https://tinyurl.com/58v6vtzs     

If you’re looking to buy a home in Alberta, there are a couple of cities that are seeing plenty of inventory on the market.       Read more: https://tinyurl.com/4z34f43s    

Medicine Hat city councillors unanimously voted in favour of a budget increase of $21.55 million to fund a modernization strategy of the eclectic substation infrastructure, as three substations near their end of service life.       Read more: https://tinyurl.com/nhkekkab     

New data shows the number of Airbnbs and other short-term accommodation hit record highs at the end of 2024, driving up rents for longer-term tenants in tourism hotspots.     Read more: https://tinyurl.com/58ru9vs2  

Alberta is close to two years into efforts at attracting billions of dollars to build AI data centres , and while the province has already seen some major announcements, many prospective projects are yet to get off the ground.       Read more: https://tinyurl.com/w6fs467z     

A growing number of Edmontonians are turning to a legal tool in an effort to stop multiplex infill development from moving in next door: restrictive covenants.       Read more: https://tinyurl.com/56c38dzu     

Keystone XL was supposed to be dead.       Read more: https://tinyurl.com/3h7pfp8m           

A report from the City of Edmonton has a timeline to potentially demolish the High Level and Low Level bridges in the coming years at their end-of-service-life nears.   Read more: https://tinyurl.com/36szdhv6     

Mayor Andrew Knack’s first “state of the city” address last week was a bit of a surreal affair, in the sense that Knack was essentially speaking to what might be considered Tim Cartmell’s audience — with Cartmell literally in the audience.       Read more: https://tinyurl.com/3nyy35rw          

For many Canadians, the Victoria Day long weekend signals the unofficial start to cottage season. However, this year, recreational real estate is attracting a demographic of buyers looking beyond the traditional vacation property.       Read more: https://tinyurl.com/2s44k4pm     

Canada’s inflation rate rose to 2.8 per cent in April as higher energy prices caused by the war in Iran continue to drive up fuel prices, Statistics Canada said Tuesday.       Read more: https://tinyurl.com/4wn2bwcj