Canmore hotel and conference centre gets green light

First traditional hotel in town in 20 years 

The Town of Canmore has approved plans for a 124-room hotel and conference centre at Spring Creek.

Following a year of record-breaking tourism, the Malcolm Hotel will help address accommodation for the increasing number of visitors to the town.

Located in the heart of Canmore, it will be the first traditional hotel built in the town in 20 years.

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Five things about Calgary’s commercial office market

By the numbers

With much of the news coming out of Calgary’s commercial market negative, especially for many of those that once toiled away in one of the city’s many office towers, the future of downtown Calgary is, in many ways, up in the air. Adding to the uncertainty are several new office towers set to be added to downtown Calgary in the coming months. CREB®Now looks at some of the numbers coming out of Calgary’s evolving skyline.

16%
Inversely tied to the declining price of oil, the vacancy rate in Calgary’s office market has increased from around six per cent in 2014 to a once unfathomable 18 per cent in 2016, according to commercial real estate firm Colliers International.

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