The housing game in Wild Rose country's two largest cities paint a very different picture. It seems that real estate sales in Calgary are up, while they're down in Edmonton. Some other areas of Alberta saw year-over-year increases in sales according to a report from the Alberta Real Estate Association (AREA), but sales in the provincial capital eased slightly due to a decline in homes on the market.
A western-based investment company just keeps adding to its portfolio. Crestpoint Real Estate Investments Inc. recently added two large office buildings in Calgary to its real estate inventory. The company can boast about owning TransAlta Place and Stampede Station with an additional 498,000 square feet of space. It is Crestpoint's first foray into office space holdings in Cow Town.