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Business
16 stories · page 2 of 2
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Calgary condo prices plunge 8% as housing market slowdown deepens
Calgary's housing market continues to cool as condominium prices fall more than eight per cent and townhouse values decline nearly six per cent. Increased supply and slower sales are giving buyers greater negotiating power, although detached homes remain comparatively resilient.
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Alberta suspends 13-cent fuel tax through end of 2026
Alberta has stopped collecting its 13-cent-per-litre tax on gasoline and diesel, offering drivers temporary relief as high oil prices continue to push up transportation costs.
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Calgary office recovery accelerates as downtown vacancy falls again
Calgary’s office market posted another strong quarter, with more than 500,000 square feet of positive net absorption and downtown vacancy falling 0.8 percentage points. Sublease inventory also plunged by roughly 540,000 square feet, adding evidence that the city’s long office-market recovery is gaining momentum.
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Pacific Link gets national-interest designation as Alberta’s west-coast pipeline moves closer to reality
Ottawa has designated Pacific Link a project of national interest, putting the proposed one-million-barrel-a-day Alberta-to-B.C. pipeline into a fast-tracked federal review. Governments say the project could diversify Canadian oil exports toward Asia, but major questions remain around cost, Indigenous consent, environmental protections and the final route.
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