An Alberta court finds Sunterra liable for $35 million in cheque kiting, with the company’s president held personally responsible amid ongoing restructuring.
The new mixed-use development when complete, will house beautifully appointed guest rooms; a signature spa and wellness offering; a robust meetings and events program supporting Calgary's burgeoning convention demand and 100 luxury branded residences.
As the new year unfolds, the Canadian retail landscape is defined by bold strategic moves, cautious optimism amid economic pressures, and innovative responses to evolving consumer behaviours.
Retail development is increasingly being integrated into residential communities through mixed-use formats, extending a trend observed since year-end 2024.
Building permits have been issued for the Livingston Commercial Centre, a new 100,000+ sq. ft. retail development serving north Calgary’s Livingston community.
Hot on the heels of new store openings in Victoria, San Francisco, and Portland, the Market Mall pop-up is part of DUER’s ongoing retail expansion strategy.
Calgary’s retail sector shows steady growth driven by population gains, evolving consumer trends, and limited new supply. Avison Young highlights strong tenant demand, rising rents, and the impact of childcare and leasing reforms.
The historic Hudson's Bay Company building in downtown Calgary, a 1913 Edwardian landmark on Stephen Avenue, faces an “immediate threat” as it lacks heritage designation. The National Trust for Canada has added it to its 2025 Endangered Places List to spotlight its risk of demolition and call for urgent preservation.