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While the platform may be quiet right now, there’s plenty happening behind the scenes — both at addy and across the real estate world. From Alberta’s red-hot multi-family market breaking records, to long-awaited developments like a new elementary school in Vancouver’s Olympic Village, the headlines below are shaping what’s next for Canadian real estate. Zooming out, Alberta’s energy-driven economy might be standing at an unexpected crossroads. Instead of doubling down on pipelines — which continue to face political and regulatory hurdles — some are exploring whether Alberta could repurpose its natural resources to power large-scale AI infrastructure. With abundant, inexpensive energy and cooler climates ideal for data centers, Alberta is well-positioned to become a global hub for computing power. In other words: exporting data instead of oil could be the next evolution of the province’s economic strategy. At the same time, AI is reshaping everything — from how companies operate to how teams are built. Businesses that are paying attention are already rethinking HR, automating workflows, and designing leaner teams that work alongside AI rather than around it. This shift is touching every industry — and at addy, we’re adapting too. A major upgrade to your wallet is on the way, built to reflect how the future of investing is changing. Keep your eyes on your addy account — the relaunch is coming soon. |
🗞️ Real Estate |
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“The Entire Country Is Looking At Us”: Inside Alberta’s Hot Multi-Family Market All kinds of records were set in Calgary and Edmonton last year, as multi-family assets become a “safe haven” asset class. (Storeys) |
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VSB Submits Application For New Elementary School In Olympic Village The new elementary school announced for Vancouver’s Olympic Village last year is one step closer to becoming a reality. The City of Vancouver has now published a rezoning application, initiating the formal approval process. (Storeys) |
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Layoffs at Wesgroup add to Vancouver condo industry’s woes Vancouver developer Wesgroup Properties LP is delaying some projects and laying off an unspecified number of its employees, the company’s president and CEO said on social media Thursday. (Western Investor) addy Podcast Episode: Canada’s Housing Crisis Explored with Beau Jarvis, CEO of Wesgroup |
📈 Business |
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Telus to invest over $50 billion in Canada over next five years Telus (T.TO), opens new tab is investing more than C$70 billion ($50.88 billion) in Canada over the next five years to expand its network infrastructure in the country, the telecom company said on Tuesday. The investment will go towards launching two new artificial intelligence data centers as well as help increase Telus’ wireless coverage and capacity across more regions, particularly the rural areas, the company said. (Reuters) |
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Alberta’s tech sector is embracing an AI data centre boom. Will it pay off? In Alberta, a new long-term vision is afoot: to shape the province not only into a destination for AI development, but the backbone of the nation’s AI infrastructure. (Beta Kit) |
🏛️ Politics |
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Housing minister silent on $10.85 million in undisclosed real estate holdings Federal Housing Minister Gregor Robertson has come under fire for failing to disclose multi-million-dollar real estate holdings, including a lakeside property and a penthouse in Vancouver, none of which are listed in his public filings under the Conflict of Interest Act. (Western Standard) |
🎧 Pod Episodes Your May Have Missed |
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✅ Jon Love, Founder and Executive Chair of KingSett Capital (Watch/Listen) ✅ Vancouver Mayor Ken Sim (Watch/Listen) ✅ Burnaby Mayor Mike Hurley (Watch/Listen) ✅ Mission Mayor Paul Horn & Bridgehead CEO Stacey Crawford (Watch/Listen) ✅ Royal LePage CEO Phil Soper (Watch/Listen) |
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