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The early-1910s saw real estate speculation hit Calgary once again, with property prices rising significantly with growing municipal investment, CPR's decision to construct a car shop at Ogden set to employ over 5,000 people, the projected arrival of the Grand Trunk Pacific and Canadian Northern Railways in the city and Calgary's growing ...
Nu-West Group Ltd. was a Canadian growth-oriented house building company that grew into an internationally diversified conglomerate. In 1957 Nu-West Homes was a small, privately owned, house-building company operating in Calgary, Alberta.
Brookfield Residential was founded in 1956. [6] Brookfield Residential Properties Inc. was formed on March 31, 2011, when Brookfield Homes Corporation ("Brookfield Homes") and Brookfield Office Properties (consisting of Carma Developers and Brookfield Homes (Ontario) Limited) merged.
In Alberta, despite a recession and high unemployment, [39] real estate prices in Calgary dropping less than 5%. [40] The OSFI revised and expanded the mortgage stress test in 2018 to uninsured mortgages, [33] although CREA decried this action in 2020 due to its impact on declining sales. [41]
Following the collapse in oil prices in 2015, the Calgary real-estate market began to suffer from growing vacant downtown office space, which Telus Sky has not been immune. As of April 2020, Telus Sky has an occupancy level of 60%, which is split among five commercial tenants, of which the Telus Corporation represents 140,000 square feet ...
[4]: 69 The necessity of the disposition of land and other physical assets was the result of the privatization of Canadian National Railway in 1995, as the government had excluded non-rail real estate assets from the privatization and re-activated Canada Lands as a holding company for these assets, and to dispose of high-value assets in urban ...
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