Alberta’s recently released Budget 2015 includes a new five-year Capital Plan that will meet the province’s needs for new infrastructure. This includes roads, schools, hospitals and
Canadian Apartment Magazine
A 62-unit affordable seniors housing facility in Innisfail, Alta. will be demolished to make way for a new and improved building, slated for completion in 2018. The $17.6-million development, known as Autumn Glen Lodge, will contain 60 affordable units, 30 of which will be reserved for seniors.
Nabeel Ramji, a portfolio analyst at Strategic Group, will lead an initiative called Accessibility for All Albertans in hopes that new and existing buildings meet
Canadian Facility Management & Design
The new Royal Alberta Museum, a 419,000-square-foot development, has entered construction in downtown Edmonton, Alta. The facility, which will become the largest museum in western Canada, will feature over 82,000 square feet of exhibition space focused on the natural and human history of Alberta. It replaces and doubles the size of an existing facility, built in 1967.
According to the Alberta Economic Outlook Q1 2015 report, prepared by the ATB Financial Economics and Research group (ATB), housing investments in Alberta are projected to remain flat or slightly lower in 2015, despite record-setting levels of residential building permits in Q3 2014. Factors affecting this prediction include slower population growth, increased caution on the part of developers and home buyers, heightened investor nervousness, and a softer job and wage market.
The Government of Alberta is moving ahead with plans to modernize condominium legislation throughout the province, a change the Canadian Home Builders’ Association – Alberta (CHBA – Alberta) welcomes with enthusiasm. The new legislation, known as Bill 9, coincides with the New Home Buyer Protection Act, introduced earlier this year, to provide 10-year warranty protection to single or multifamily home buyers.