Alberta's booming rental market braces for change [Globe and Mail, The (Toronto, Canada)]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Globe and Mail, The
Comprising 363 luxury apartments in a slim 36-storey tower, the project's first phase is expected to welcome its first tenants in February, 2025. Maclab Development Group Listen to this article Log in or create a free account to listen to this article. Over the past two years Alberta's purpose-built rental market has bloomed, driven by international and interprovincial migration. To meet the demand from a steady influx of newcomers (Alberta's population has expanded by 4.36 per cent since July, 2023), an unprecedented 30,364 purpose-built rental units broke ground between the first quarter of 2022 and the third quarter of 2024 in the prairie province. Roughly 95 per cent of these units are concentrated in Alberta's largest cities, Calgary and Edmonton. “In the last two years, we've seen significant migration, both internationally and interprovincially,” says Bill Blais, president and CEO of Maclab Development Group, an Edmonton-based developer. “We have seen a lot of people
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News
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- NACD New England Honors Cabot Corp. and King Arthur Baking as Public and Private Company “Boards of the Year”Business Wire
- Trudeau government fails to protect Canadians from floods, wildfires [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Trudeau government fails to protect Canadians from floods, wildfires [Yahoo! Finance]Yahoo! Finance
CBT
Earnings
- 11/4/24 - Miss
CBT
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- CBT's page on the SEC website