Articles tagged with "Government and Policy"

The U.S. and Canadian leaders, Donald Trump and Prime Minister Mark Carney, are at odds over trade deal concepts, which could significantly impact Canadian commercial real estate. Differences in opinions revolve mainly around tariffs, with Trump favoring a straightforward tariff approach. Although differences remain, both leaders expressed optimism about reaching an agreement. The ongoing discussions could influence investment decisions, development projects, and leases across the Canadian CRE market.

GWL Realty Advisors has started construction on a 24-storey rental-apartment tower in Calgary's Beltline district, featuring 219 units and retail space. Calgary Mayor Jyoti Gondek praised the project for aligning with city goals for urban density and sustainability. The building, set for completion in mid-2028, will offer modern amenities and address housing shortages in major Canadian cities.

The upcoming G7 summit in the Canadian Rockies will not result in a joint communiqué, opting instead for a series of individual statements from leaders. The Canadian government wants to focus on action, including initiatives like combating wildfires. Tensions exist with India's Prime Minister Narendra Modi, following allegations about India's involvement in a Sikh activist's assassination in Canada. Various global leaders and organizations will attend, and private meetings will occur among G7 leaders.

Nearly 400 electrical workers, represented by IBEW Local 254, at City of Calgary-owned Enmax have voted in favor of striking. These workers, including outdoor technicians and electricians, have been without a contract since the end of 2024. The strike decision highlights ongoing labor disputes and the need for contract negotiations to meet workers' demands.

The article discusses the potential economic implications of a new pipeline in Canada that could be funded by taxpayers. Economic forecasts and decreased oil prices make private investment unlikely, suggesting government intervention. Increased electric vehicle sales and global shifts towards renewable energy threaten future oil demand. The Trans Mountain project's challenges are highlighted, but potential economic benefits from energy exports are acknowledged.

Michael Jackson, a WSP executive, has been appointed as the president of the Consulting Engineers of Alberta for the 2025-2026 term. With a background in electrical engineering from the University of Alberta, Jackson has years of experience in the field, holding various roles before becoming VP of mechanical and electrical for WSP in Western Canada. He has previously served as a director and vice-president at CEA and is keen to advance the engineering profession in Alberta. Peter Hatcher from WSP expressed confidence in Jackson's leadership at CEA.

The City of Edmonton marks a significant milestone in its transit infrastructure with the first anniversary of major construction on the 4.5-km Capital Line South LRT Extension. This high-floor system aims to better serve the growing populations in south and southwest Edmonton. The $1.38 billion project, expected to finish between 2029 and 2030, will generate approximately 3,500 local jobs. Phase 1 has been awarded to Capital Line Design-Build Ltd., part of Ledcor Group, with AECOM as the design partner.

The CEO of Trans Mountain Corp., a Crown-owned pipeline operator, stated that the company is prepared to take on additional pipeline projects to expand market access if the private sector is unable to do so. Although it prefers that the private sector lead such initiatives, recent trade challenges with the United States, Canada's primary crude oil customer, have prompted this consideration.

The City of Edmonton has commenced major construction on the Capital Line South LRT Extension, a 4.5-kilometer project aimed at improving transit connections throughout the city. The project has received $365 million in funding from Alberta's government and will generate over 3,500 jobs. The extension will include two new stations and two bridges, with construction expected to last four to five years. Ledcor Group, along with AECOM, is leading the design and build of the first phase, which focuses on enhancing public transport infrastructure.

Construction has begun on the YCE Multiplex Project, a joint initiative by Yellowhead County and the Town of Edson, marking a significant milestone with its official groundbreaking ceremony. The project aims to replace the Edson & District Leisure Centre with a new recreational facility and is expected to be completed by the end of 2027. The first phase includes site preparation and foundation work for the aquatics facility, with subsequent phases to add a new arena, gymnasium, and other recreational amenities. Officials emphasize the facility's potential to enhance regional attraction and support community growth.

Canada's newly appointed Natural Resources Minister has pledged to expedite the project approval process for energy initiatives. Speaking at the Calgary Chamber of Commerce, the Minister emphasized the need to modernize regulatory frameworks to enhance efficiency within the energy sector. This change aims to reduce delays and foster a more competitive environment for energy projects. The Minister's approach is expected to impact the future growth and sustainability of Canada's energy industry.

Clark Builders has been awarded a contract for the $110 million CASA Mental Health Capital Expansion project in Alberta, aimed at improving mental-health care for children and youth. The expansion will include four new facilities in Fort McMurray, Calgary, Medicine Hat, and Edmonton, with a focus on trauma-informed design. These facilities will be built using the Integrated Project Delivery model and are supported by the Government of Alberta and community fundraising. The locations in Fort McMurray and Calgary are set to open in 2027, with Medicine Hat and Edmonton following in 2029.