Edmonton’s labour pool grows the fastest among major markets in Canada
But population growth amid sputtering economy pushes unemployment rate higher
On the surface, the latest Edmonton jobs report shows strength, but the stubborn unemployment rate amid population growth signals trouble for the labour market.
Calgary’s labour market struggles with oversupply and wage stagnation
Rising unemployment threatens the area’s real estate outlook
The latest Calgary jobs report paints a challenging picture for the local economy, with implications beyond employment statistics.
Vancouver’s office-using employment trends downward, dragged by tech sector challenges
The information sector employs 14,000 fewer people than a year ago
Roughly 18,000 jobs were added to Vancouver’s metropolitan market over the past year, a 1.1% increase, according to Statistics Canada's latest release published last week.
Multifamily construction remains robust in the Fraser Valley, but market conditions have shifted
Like urban markets, the suburbs are experiencing soft rents and unsold condos
The Fraser Valley has experienced substantial growth in recent years, driven by a robust office development cycle and a surge in industrial construction prompted by evolving consum...
Deep-discounted bulk sales may be needed to address the growing glut of unsold condos in Vancouver
Thousands of condo units have been built and remain unsold, part of a growing problem
Vancouver’s residential condo market is experiencing one of its most challenging periods.
Increased container traffic at Port of Vancouver should help trim elevated industrial vacancy
Inbound container traffic has been more resilient than expected in the face of global trade tensions
The recent increase in inbound container traffic at the Port of Vancouver is welcome news for the Vancouver distribution space market, which is already showing signs of warming up ...
Despite increasing in July, manufacturing sales in Edmonton dip to lowest annual total since 2021
Tariffs join slumping oil prices and rising costs as headwinds facing the local manufacturing economy
Manufacturing sales in Edmonton have been edging lower over the past three years, and year-to-date totals are down 8.3% relative to the same time frame in 2024. While tariffs are l...
Multifamily investors in Edmonton alter primary targets, but continue to spend
Facing prospect of longer lease-up times for newly built apartments, investors increasingly turn to older properties
Multifamily investment sales in Edmonton have continued on a torrid pace this year after a record-setting 2024. Total sales of rental apartments last year reached $1.68 billion, mo...
Vancouver multifamily property sales bounce back
After dipping in the first half of the year, sales activity signals rebound, and prospects for rate cuts bode well for sales
Investment activity in Vancouver’s multifamily market was down 30% in the opening half of 2025 compared to the second half of 2024, an elevated level of uncertainty at the start of...
Rent increases, stagnant wage growth combine to erode housing affordability in Alberta
It now takes two full-time, minimum-wage jobs to afford a two-bedroom apartment
Although rental housing in Alberta is still far more affordable than in many other parts of the country, urban areas in the province are seeing that affordability advantage slip du...
Thousands of new apartment units have been added in Western Canada, with thousands more on the way
Balancing housing affordability against market saturation is the next step toward a healthy housing pipeline
Apartment developers across Western Canada have certainly responded to the call to increase housing affordability. An unprecedented wave of construction activity is addressing a lo...
Calgary's apartment market has quickly become a battleground in the competition for renters
Elevated construction, reduced population growth may ensure Calgary remains a renter's market
Calgary is one of the most under-pressured multifamily markets in Canada, with new projects continuing to break ground at a record pace.
It's starting to take longer for Vancouver industrial space to lease up
Longer lease-up times affect all industrial space segments, but tenants still show a strong preference for new distribution space
The amount of time that available space remains on the market is an important but sometimes overlooked indicator of market performance. It offers valuable insights into pricing pow...
What's behind the uptick in Calgary office condo sales?
Office tenants see condo market as hedge against increasing occupancy costs
Through the first half of this year, Calgary’s office market has remained relatively active.
Housing prices decline, but modest price correction won’t move affordability needle much
Few major markets offer affordability, and ones that do may lure population gains
As housing affordability deteriorated across Canada's major urban centres, many residents have sought to move out of the most expensive housing markets, such as Toronto and Vancouv...
Population growth helps Edmonton’s commercial real estate sector offset economic headwinds
Equilibrium may be short-lived as industrial construction starts have slowed
Edmonton ranks just behind Calgary in population growth, driving increased development activity across industrial and retail property sectors.
Apartment building has underpinned Vancouver's construction employment, but it's not expected to last
Market must find other development projects to retain labour experience
The Vancouver real estate market is at a near-peak level for ongoing multifamily construction. Nearly 60,000 units are underway, 40% of which are rental units. However, sliding ren...
Weighed down by declining industrial development, Calgary's commercial building activity hits 10-year low
Multifamily development has buoyed construction employment even as other property sectors pull back
Over the last few years, the Calgary market has seen tremendous growth. Developers have ramped up construction activity in both the industrial and retail segments to meet demands o...
Retail building permit approvals off to strong start for national leader Calgary
More than $100 million in building permit values approved early on
Development of retail properties in Calgary surged at the start of the year, jumping 23% from the end of the year to nearly 2.5 million square feet under construction, a level that...
Former Nordstrom Vancouver store plans show possibilities for urban Hudson's Bay spaces nationwide
Cadillac Fairview reveals draft plans for carving up the former store in the centre of downtown
A new application for the long-shuttered Nordstrom in downtown Vancouver could provide a glimpse into potential retail alternatives for former urban Hudson's Bay locations after th...