Calgary’s overall retail vacancy on the rise

Trends to watch in the retail sector include accelerated e-commerce growth with an emphasis on store pickup and the use of in-store automation to cut labour costs with increased convenience and limited contact

Calgary’s overall retail vacancy on the riseThe overall retail vacancy rate in Calgary increased from 5.5 per cent a year ago to 6.5 per cent at the end of the first half of 2020, according to a new report by commercial real estate firm CBRE. “The prospect pool of new emerging businesses to backfill the vacancy remains shallow as many existing…

Employment levels increasing in Calgary and Alberta

But employment in the province remains significantly down from what it was a year ago

Employment levels increasing in Calgary and AlbertaEmployment in Alberta increased by 67,000 (+3.2 per cent) in July, including gains in both full-time and part-time work while the unemployment rate for the province fell by 2.7 percentage points in to 12.8 per cent, the first decline since the COVID-19 economic shutdown, according to Statistics Canada. But the federal agency reported Friday that…

Very few small business owners using rent assistance program

"It’s not working for anyone—tenants or landlords—yet no major changes have been made to the program since it was announced, beyond an extension to July and August."

Very few small business owners using rent assistance programThe majority of Canadian small businesses are taking advantage of the support offered by the federal government through the Canada Emergency Wage Subsidy and Canada Emergency Business Account programs. But only 15 per cent of small business tenants have used the Canada Emergency Commercial Rent Assistance program, said the Canadian Federation of Independent Business in…

Albertans least afraid to return to work amid COVID

90 per cent of Albertans believe COVID-19 is far from over and 57 per cent are not afraid of returning to their physical workplace despite how contagious the virus is

Albertans least afraid to return to work amid COVIDA new poll, released on Thursday, suggests Albertans are the least afraid in Canada to return to work. The poll, by KPMG, said 90 per cent of Albertans believe COVID-19 is far from over and 57 per cent are not afraid of returning to their physical workplace despite how contagious the virus is. Also, 87…
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