UrbanStar

We all know Calgary is a world class city, but now the rest of the world is catching on!

Calgary now ranks as the 5th most livable large city on earth for its high quality of life and available opportunities. This according to the Economist Intelligence Unit (EIU) as unveiled in their Global Liveability Index 2024.

Clearly we also need to better educate the EIU on our other large world class city to the north.

News Update – February 2024
ニュースアップデート – 2024年2月

We are pleased to provide the following UrbanStar News Updates. Please have a look for news recap of developments in Calgary, Alberta in the late 2023. Click the link below for full details.

アーバンスター・ニュースアップデートをお届けいたします。2023年後半のアルバータ州・カルガリーの動きを振り返るニュースをまとめております。以下リンクよりご確認ください。

• News Update – February 2024 (English)
https://www.urbanstargroup.ca/wp-content/uploads/UrbanStar_NewsUpdate_FEB2024_ENGV3.pdf

• ニュースアップデート – 2024年2月 (Japanese)
https://www.urbanstargroup.ca/wp-content/uploads/UrbanStar_NewsUpdate_FEB2024_JPNV4.pdf

www.urbanstargroup.ca

July 2023 Corporate Update
2023年 コーポレートアップデート

2023年7月のコーポレートアップデートをお届けいたします。アーバンスターは、成長を促進するため、自治体プランニンググループ、Quantum Place社を迎えました。今回のアップデートでは、現在のプロジェクトに関する最新情報をお伝え致します。
We are pleased to provide the following Corporate Update for July 2023.
Please click the following link for the full article:
English
https://lnkd.in/geZRDMN3
Japanese
https://lnkd.in/gEXV_zRf
日本語全文は次のリンクからお読みください。
https://lnkd.in/gEXV_zRf

www.urbanstargroup.ca

April 2023 News Update
2023年4月　ニュースアップデート
We are pleased to provide the following News Updates for April 2023.
We cover such articles as "Japan Reopens its Doors to Imports of Canadian Beef" "Government of Canada Introduces Amendments to Foreign Buyer Ban" and "Calgary announces $13.7M for affordable housing initiatives amid surging demand".
Please click the following link for the full article:
English: https://lnkd.in/gsTszY4X
Japanese: https://lnkd.in/grKRGAnk
「日本、カナダ産牛肉の輸入を再開」、「カナダ政府、外国人バイヤーによる住宅用不動産の購入禁止法の改正案を提出」、「カルガリー、住宅需要急増の中、手頃な価格の住宅対策に1,370万ドルを発表」などの記事について説明しております。

Please click the following link for the full article:
English(原文・英語):https://www.urbanstargroup.ca/wp-content/uploads/urbanstar_news-update-march_2023V8.pdf
Japanese(日本語訳):https://www.urbanstargroup.ca/wp-content/uploads/urbanstar_news-update-march_2023-JPN-V4.pdf

www.urbanstargroup.ca

October 2022 Corporate Update Japan Shareholder Meetings
2022年10月コーポレートアップデート 日本株主ミーティング
In September of 2022 the Japanese Government sufficiently eased its business travel restrictions; allowing the executive of UrbanStar Group of Companies to return to Japan. CEO Dean Gorenc and Vice President Operations Andre Benson travelled to Tokyo and Osaka and presented a shareholder update multiple times. Shareholders that were able to attend received a progress update on all UrbanStar investment. This update will review the results of these shareholder presentations and will address the common questions from the shareholders.
Please click the following link for the full article:
Englishhttps://www.urbanstargroup.ca/wp-content/uploads/Oct-2022-Update-V13.pdf
Japanesehttps://www.urbanstargroup.ca/wp-content/uploads/Oct-2022-Update_JPN.pdf
2022年9月、日本政府はビジネストラベルの制限を緩和しました。 アーバンスターグループの経営陣の日本への再訪を可能にしました。 CEOのDean GorencとVice President Operationsの Andre Bensonは東京と大阪を訪れ、両都市の複数の会場で、株主の皆様に最新情報をお伝えしました。 出席された株主の皆 様には、 Andre Benson副社長によるプレゼンテーションよりアーバンスターの全投資案件の進捗状況について説明しました。 参加者は、プレゼンテーションの後、Dean Gorenc、Andre Bensonと個人的に話をし、質問をする機会が設けられました。 本アップデートでは、これらの株主説明会を振り返り、株主の皆様から頂いたご質問をご紹介するとともに、ご参加いただけな かった皆様のために、日本語と英語のプレゼンテーションのリンクを提供致します。
日本語全文は次のリンクからお読みください。https://www.urbanstargroup.ca/wp-content/uploads/Oct-2022-Update_JPN.pdf

www.urbanstargroup.ca

URBANSTAR HORSE CREEK CONCEPT PLAN SUBMISSION - OCTOBER　2022
アーバンスター・ホースクリーク・コンセプトプラン提出 - 2022月10月
We are proud to share this update with you on our Horse Creek project. In a very short period of time our development team led by Kristi Beunder has done an amazing job meeting our objectives to submit a concept plan during a very difficult time of Covid which has created many global issues. We have taken the additional step of this proposed community by also submitting a concurrent phased subdivision application. Urbanstar has worked closely with the county of Rocky View Planning Team and we hope for a positive response from the public and Rocky View County Councillors.
Please click the following link for the full article:
Englishhttps://www.urbanstargroup.ca/wp-content/uploads/HCSubmission-V6.pdf
Japanesehttps://www.urbanstargroup.ca/wp-content/uploads/HCSubmission_JPN_V4-Folder.pdf
ホースクリーク・プロジェクトに関する最新情報をお伝えできることを嬉しく思います。Kristi Beunder率いる開発チームは、世界的に多くの問題を引き起こしているコロナ禍の非常に難しい時期に、短期間でコンセプトプランの提出という我々の目標を達成するために素晴らしい働きをしてくれました。私たちは、段階的な分譲申請書を提出することによって、この提案されたコミュニティのさらなるステップを取ることができました。アーバンスターは、ロッキービューカウンティ（郡）と密接に連携しています。市民やロッキービュー郡議会議員からの積極的な反応を期待しています。
日本語全文は次のリンクからお読みくださいhttps://www.urbanstargroup.ca/wp-content/uploads/HCSubmission_JPN_V4-Folder.pdf

www.urbanstargroup.ca

Transit-oriented residential and commercial development opportunities now available beside the future Greenline LRT station known as Ogden Station, offering 260 feet frontage and 31,000 square feet of land for development.

www.urbanstargroup.ca

URBANSTAR HORSE CREEK PROJECT UPDATE - JULY2022
アーバンスター　ホースクリーク　プロジェクトアップデート 2022年7月

I am proud to share this update with you on our Horse Creek Project. Our development team, led by Kristi Beunder, has done an amazing job meeting our objectives to submit a concept plan during a very difficult time, as Covid has created many global issues. In addition, UrbanStar has taken the additional step of submitting a concurrent phased subdivision application. UrbanStar has worked closely with the county of Rocky View Planning Team, and we hope for a positive response from the public and Rocky View County Councilors. Urbanstar may also need to undertake an Area Structure Plan revision as part of our conceptual work, this will be become clearer upon filing our Concept Plan application.

Please click the following link for the full article:
English
https://lnkd.in/gxNDrzHG
Japanese
https://lnkd.in/gCC6Qhar

このたび、ホースクリーク・プロジェクトの最新情報をお伝えすることができ、大変嬉しく思います。コロナが世界的な問題を引き起こしているこの大変難しい時期に、Kristi Beunder 率いる開発チームは、短期間でコンセプトプラン の提出という我々の目標を達成するために素晴らしい働きをしました。私たちは、この提案されたコミュニティのさ らなるステップとして、同時に段階的な申請も行います。アーバンスター社はロッキービュー郡のプランニングチームと密接 に連携しており、市民やロッキービュー郡の評議員から前向きな回答を得られることを期待しています。 また、コン セプトプランの一環として、新たにエリアストラクチャープランの見直しが必要になる可能性がありますが、これに ついては、コンセプトプランの申請時には明らかになるでしょう。

日本語全文は次のリンクからお読みください
https://lnkd.in/gCC6Qhar

www.urbanstargroup.ca

URBANSTAR PROJECT UPDATE - March 2022
アーバンスタープロジェクトアップデート - 2022年3月

The focus of this current update is to show the continued progression of UrbanStar’s efforts on behalf of our investors. Since inception, the opportunity for potential investment growth is based on increased development allowances granted by the municipality. The highest and best use of the land holdings generate the greatest value potential. The following information describes the latest progress for both the Horse Creek and Glendale Mountain View investments.

Please click the following link for the full article:
English
https://lnkd.in/gKPRwQfM
Japanese
https://lnkd.in/gyP5p3Gf

今回のアップデートの焦点は、投資家の皆様のためにアーバンスターが継続して行っている取り組みをご紹介することです。自治体が許可する開発許容量を増やすことにより、初期から潜在的な投資機会の拡大をすることができます。保有する土地の最高かつ最善の利用が、最大の潜在的価値を生み出します。以下は、ホースクリークとグレンデール・マウンテンビューの両投資案件の最新の進捗状況を説明したものです。

日本語全文は次のリンクからお読みください
https://lnkd.in/gyP5p3Gf

www.urbanstargroup.ca

URBANSTAR NEWS UPDATE - March 2022
アーバンスターニュースアップデート - 2022年3月

Please visit our corporate website for the latest news update from UrbanStar.

Englishhttps://www.urbanstargroup.ca/wp-content/uploads/UrbanStarNewsUpdate_Mar2022_JPN1-1.pdf
Japanesehttps://www.urbanstargroup.ca/wp-content/uploads/UrbanStarNewsUpdate_Mar2022_JPN1-1.pdf



Every five years, Statistics Canada conducts a census to update its population counts in various ways. On February 9, it released the first round of 2021 census data: population and dwelling counts.
Cochrane’s population has increased 25% since 2016 from 25,853 to 32,199.

Please click the link for the full article.
https://www.cbc.ca/news/canada/calgary/fastest-growing-communities-alberta-2021-census-1.6347448


カナダ統計局は5年に一度国勢調査を実施し、様々な方法で人口を更新しています。2月9日に、2021年国勢調査データの第一弾として、人口と住居数を発表しました。
コクランの人口は2016年の25,853人から32,199人へ25％増加しました。

（※当該和訳は、英文ニュースを抜粋翻訳したものですので、詳細につきましては英文の原文をご参照くださいませ）

URBANSTAR NEWS UPDATE - CHRISTMAS 2021
アーバンスターニュースアップデート - 2021年クリスマス

Pleae visit our corporate website for the latest news update from UrbanStar.

Englishhttps://www.urbanstargroup.ca/wp-content/uploads/20211222UrbanStarNewsUpdate_Christmas_2021_ENG.pdf
Japanese https://www.urbanstargroup.ca/wp-content/uploads/20211222UrbanStarNewsUpdate_Christmas_2021_JPN.pdf



The company behind a proposed passenger rail service that would connect Banff, Alta., to the Calgary International Airport says the project will cost $1.5 billion. The owners of the Mount Norquay ski resort in Banff say they've submitted a new proposal to the Alberta government in hopes the rail line could be constructed as a public-private partnership.

Liricon Capital Ltd., which owns the ski resort, also holds a long-term lease for the Banff train station.
The company says the link between the tourist town and Calgary would help reduce the burden of passenger vehicles in Banff National Park. Liricon Capital is asking the Alberta government to commit $30 million annually to the project. The province would not start payments until the rail line is complete, which could be as early as 2025. The company also hopes to receive funding from the Canada Infrastructure Bank.
Should the project move forward, it could see a 150-kilometre passenger rail service established that would potentially include seven stops:
• Calgary International Airport.
• Downtown Calgary.
• Calgary Keith (near Lynx Ridge Golf Club).
• Cochrane.
• Morley (Stoney Nakoda).
• Canmore.
• Banff.

Please click the link for the full article.
https://www.msn.com/en-ca/money/topstories/company-behind-proposed-calgary-banff-rail-link-asks-province-to-kick-in/ar-AARC8W3?ocid=se


アルバータ州バンフとカルガリー国際空港を結ぶ鉄道計画を進めている企業によると、このプロジェクトの費用は15億ドルになります。バンフにあるマウント・ノーキー・スキーリゾートの所有者は、官民パートナーシップによる鉄道建設の可能性を求めて、アルバータ州政府に新しい提案を提出しました。
マウント・ノーキー・スキーリゾートを所有するLiricon Capital社は、バンフ駅の長期リースも保有しています。
観光都市とカルガリーを結ぶ事で、バンフ国立公園内の乗用車の負担を軽減することができます。 Liricon Capital 社は、アルバータ州政府に対して、年間3，000万ドルの出資を要請しています。アルバータ州は、鉄道が完成するまで支払いを開始することはないが、完成時期は早くても2025年になる可能性です。また、カナダ・インフラストラクチャー・バンクから資金援助も受けたいと考えています。
このプロジェクトが進めば、以下の7つの駅を含む150kmの旅客鉄道サービスが確立される予定です:
・カルガリー国際空港
・カルガリーダウンタウン
・カルガリーキース（Lynx Ridge ゴルフクラブの近く）
・コクラン
・モーリー（ストーニー・ナコダ）
・キャンモア
・バンフ

（※当該和訳は、英文ニュースを抜粋翻訳したものですので、詳細につきましては英文の原文をご参照くださいませ）

Company behind proposed Calgary-Banff rail link asks province to kick in CALGARY — Alberta Premier Jason Kenney said Wednesday his government sees potential merit in a proposed $1.5-billion passenger rail link that would connect Banff, to the Calgary International Airport, but added he's not ready to commit to a request for provincial funding for the project. "We are n...

URBANSTAR ACCEPTING CRYPTOCURRENCY
アーバンスターは仮想通貨の受け入れを開始します

Urbanstar has made a significant change to our next land offering Cochrane Lakes North $15,000,000 Offering. UrbanStar is pleased
to provide seamless investment opportunity by accepting cryptocurrency as an alternate form of investment from traditional FIAT currencies. UrbanStar is accepting cryptocurrency, along with CAD. The cryptocurrencies UrbanStar is currently accepting are Bitcoin, Litecoin, Stablecoin and Ethereum. This will allow investors who have made gains in the crypto space to divest some of their profits into a real-estate asset backed investment opportunity from the UrbanStarGroup.

We have FAQs and explain how cryptocurrency work with UrbanStar in the latest corporate update. Please click the following link for the full article
t.ly/kI4h

アーバンスターは、次のアーバンスター・コクランレ イク・ノースの1500万ドルの土地提供に大きな変更を加えました。当社は、従来のフィアット通貨に代わる投資手段として仮想通貨を受け入れることにより、シームレスな投資機会を提供できることを嬉しく思います。アーバンスター社は、カナダドルに加えて、仮想通貨も受け入れています。アーバンスター社が今回受け入れる仮想通貨は、ビットコイン(Bitcoin)、ライトコイン(Litecoin)、ステーブルコイン（Stablecoin）、そしてイーサリアム(Ethereum)です。

仮想通貨に関する事実とよくあるご質問、仮想通貨でのご投資の一連のプロセスについて、最新のコーポレートアップデートでご説明しております。全文は以下のリンクよりお読みください。
t.ly/90yK

URBANSTAR NEWS UPDATE– DECEMBER 2021（アーバンスター·ニュース·アップデート - 2021年12月）
THE IMPORTANCE OF AN AREA STRUCTURE PLAN (ASP)
FOR DEVELOPMENT

UrbanStar released the December news update and we wrote about "the importance of Area Structure Plan" and "the differencies between Canadian and Japanese home buying tendencies" etc.

WHAT IS AN AREA STRUCTURE PLAN?
An area structure plan (ASP) is a Government process
providing direction for long-term land use and infrastructure
planning of a defined area within a municipality. It is
approved by a municipal council by bylaw and is prepared in
accordance with Section 633 of the Municipal Government
Act, which requires an area structure plan to describe:
• The sequence of the development proposed for the area;
• The land uses proposed for the area, either generally or
with respect to specific parts of the area; and
• The general location of major transportation routes and
public utilities.

WHY IS AN AREA STRUCTURE PLAN NEEDED?
An ASP provides detailed information specifically relating
to future land use, transportation and services in the area.
This helps to strategically guide anticipated future growth
in the area.

IF AN AREA STRUCTURE PLAN IS APPROVED,
WHAT HAPPENS NEXT?
An ASP is a high-level land use planning policy document
that provides a concept of how a given area can be
comprehensively developed over time. Should an ASP be
approved by Council, the next steps would include rezoning,
subdivision and development permit applications, and
associated detailed engineering studies that are prepared
by developers for individual parcels; however, these more
detailed plans and next steps may only occur if initiated by
landowners.
An area structure plan may contain additional matters
that Council considers necessary to reach the goals and
objectives of the affected communities.

THE URBANSTAR DIFFERENCE
UrbanStar’s lands are all in an existing ASP with full land
entitlements for physical development. As mentioned
above, the sequence of development, including the new
construction of major transportation and public utilities,
is established within the ASP. UrbanStar strategically
purchases lands which fall within the ASP boundary
because we are confident about further development
potential and this may ultimately increase the future sale
value of the lands within the ASP.

Please click the following link for the full article
https://www.urbanstargroup.ca/corporate-update/

開発に関するエリアストラクチャープランの重要性

エリアストラクチャープランとは何か
エリアストラクチャープラン（ASP）とは、長期的な土地の利用
と、地域の決められたエリアについてのインフラ計画につい
て、ガイダンスを与える政府のプロセスです。ASPは地方自治
体の条例によって承認されることになっており、 Municipal
Government Act 633条により、ASPを次のように定義してい
ます。
•当該地域での今後の一連の開発について
•当該地域における土地の利用について。一般的な利用もし
くは、一部地域における利用に関して
•当該地域全般に関わる主要交通機関の設置と公益事業に
ついて

何故ASPが必要なのか？
ASPは将来の土地の利用、公共交通機関、公共サービスなど
に関する詳細な情報を記載しています。これらの情報は、そ
の地域での将来的な発展に関しての戦略的な予想を立てる
のに役立ちます。

ASPが承認された次は何が起こるか？
ASPは土地の利用に関する大まかな概要についての公式な
書類であり、当該地域が今後どのように包括的に開発可能な
のかについてのコンセプトを規定するものです。議会によっ
てASPが承認されたならば、次のステップは、rezoning(リゾ
ーニング、区割りの変更）、subdivision（サブディビジョン、細
分化）、開発の許可の申請、土地を所有するそれぞれのディ
ベロッパーによる詳細な設計調査です。しかしながら、これら
の詳細な計画と次のステップは、土地の所有者が自ら開始し
て、はじめて可能となります。またASPは、関係する地域の目
標と目的の達成のために必要な他様々な事情を勘案します。

アーバンスターの強み
アーバンスター社の保有する土地は全て承認済のASP内
で、物理的な開発の権利を有している土地です。上記で説明
しましたように、ASP内では新たな主要公共交通機関の建
設や公益事業を含む一連の開発が見込まれております。当
社は、ASP内の土地に関して、土地開発の見込みが高く、将
来的な土地の売却金額の上昇が見込まれると考えているた
め、ASP境界内の土地を戦略的に買い付けております。

全文は以下のリンクよりお読みください。
https://www.urbanstargroup.ca/ja/corporate-update-2/

最新情報 – Urban Star このウェブサイトは、情報提供のみを目的としており、有価証券の販売や購入の勧誘を目的としたものではありません。弊社の投資への参加は、目論見書要件の免除を受ける資格を有する投資家に限定されます。証券の販売...

URBANSTAR CORPORATE ANNOUNCEMENT
アーバンスターコーポレートアナウンスメント
COCHRANE LAKES NORTH-November 2021
コクランレイクノース　2021年11月

URBANSTAR TO ACCEPT CRYPTO-CURRENCY
Urbanstar has made a significant change to our next land offering Cochrane Lakes North $15,000,000 Offering. UrbanStar is pleased to provide seamless investment opportunities by accepting Crypto Currency as an alternate form of investment from traditional FIAT currencies. UrbanStar is accepting cryptocurrency, along with CAD. The cryptocurrencies UrbanStar is currently accepting are Bitcoin, Litecoin and Ethereum. UrbanStar will accept up to 50% of the total value of the land offering in Crypto currency.

POLICY AMENDMENT
As a result of the approved Macdonald Development Corporation (MDC) application to the Cochrane Lake Village Conceptual Scheme, future redesignation for the Cochrane North ASP proves imminent. Urbanstar has identified a material opportunity to potentially create increased value for our investors and will adjust the Cochrane Lakes North conceptual plan from 135 units to potentially 343 units.

Please click the following link for the full corporate annoucement https://www.urbanstargroup.ca/wp-content/uploads/UrbanStarAnnouncement_Nov2021_ENGV5.pdf

仮想通貨受け入れ開始
アーバンスターは、次のアーバンスター・コクランレイク・ノースの1500万ドルの土地提供に大きな変更を加えました。当社は、従来のフィアット通貨に代わる投資手段として仮想通貨を受け入れることにより、シームレスな投資機会を提供できることを嬉しく思います。アーバンスター社は、カナダドルに加えて、仮想通貨も受け入れています。アーバンスター社が今回受け入れる仮想通貨は、ビットコイン(Bitcoin)、ライトコイン(Litecoin)、そしてイーサリアム(Ethereum)です。アーバンスター社は、土地提供の総額の50％までを仮想通貨で受け付けます。

ポリシーの改正
マクドナルド・デベロップメント社（以下：マ社）によるコクランレイク・ビレッジ構想への申請が承認された結果、コクランノース・エリアストラクチャー・プラン(ASP)の将来的な再指定が差し迫ったものとなりました。アーバンスターは、投資家の皆様のために価値を高める重要な機会を見出し、コクランレイク・ノースのコンセプトプランを135ユニットから343ユニットに調整する予定です。

コーポレートアナウンスメント全文に関しましては下記リンクをご参照ください。https://www.urbanstargroup.ca/wp-content/uploads/UrbanStar_CorporateUpdate_Oct2021_JPN_V7.pdf

www.urbanstargroup.ca

Alberta is on the verge of another boom — will it be more sustainable this time around?
アルバータはもうすぐ再びの好景気。今回はより持続可能だろうか？

Province with deepest economic contraction of 2020 on pace to post biggest expansion of 2021 and carry gains into next year

Author of the article:Geoffrey Morgan
Publishing date: Nov 10, 2021

CALGARY — This fall, after the third wave of the COVID-19 pandemic, Royal Bank of Canada surveyed the damage to the Canadian economy and downgraded its economic growth outlook for every province in the country but one: Alberta.

“Alberta was the lone exception. We kept our growth forecast in Alberta at 5.9 per cent,” RBC’s senior economist Robert Hogue said in an interview, adding he expects Alberta to be home to the fastest growing provincial economy this year, topping the national GDP estimate of 5.1 per cent. In 2022, RBC Economics projects 4.9 per cent real GDP growth in the province (4.3 per cent for Canada), and is on track to fully recover by that time.

Canada’s biggest oil and gas producing province is enjoying an economic resurgence after years of contractions and interrupted recoveries since the oil price crash of 2014. Economists say the province’s oil and gas industry, buoyed by higher crude oil and natural gas commodity prices, is leading the growth, but the current rebound is not limited to higher oil and gas activity as other sectors including residential real-estate investment, manufacturing and services are also rebounding.

Add it all together and the province that experienced the deepest economic contraction of 2020 is on pace to post the biggest expansion of 2021 and carry those gains into next year.
Hogue said the province’s jobless rate, as of data released Nov. 5, is roughly back to pre-pandemic levels with 7.6 per cent unemployment, compared to 7.5 per cent unemployment in Feb. 2020.

Alberta “is digging itself out of a pretty big hole,” Conference Board of Canada senior economist Aimee McArthur-Gupta said in an interview, noting that part of the rebound in the province is making up for a deep recession in 2020, when real GDP fell by 8.1 per cent. The Conference Board expects 5.7 per cent real GDP growth this year, followed by 6.1 per cent next year.

Alberta’s nascent tech sector is also growing, offering some hope of long-desired economic diversification. Amazon Web Services announced Monday it would spend $4.3 billion on a cloud computing hub in Calgary, bringing in up to 950 new jobs.
The province also posted a record year for venture capital investment in 2020, when 51 deals were struck for $445 million in total investment — a 100 per cent hike in investment over the year before.

Alberta is digging itself out of a pretty big hole
AIMEE MCARTHUR-GUPTA

“There are so many reasons to be optimistic about Alberta’s tech sector,” Doug Schweitzer, Alberta’s Minister of Jobs, Economy and Innovation, said in a release Monday, adding the province is tracking toward “a record year in venture capital and tech investment, creating thousands of jobs and diversifying our economy.”

The province’s efforts to diversify its economy and energy sector has also resulted in new hydrogen project announcements and, most recently, a massive expansion and emissions-cutting retrofit of Dow Chemical Co.’s ethylene plant in the province.

And the province best known for its oil and gas resources is also home to the largest number of renewable energy projects in Canada and to the largest solar project in the country. Greengate Power and Danish investor Copenhagen Infrastructure Partners are spending $700 million to build a massive 465 megawatt solar project near Vulcan. Shell Canada is also planning a 58-megawatt solar farm adjacent to its Scotford refinery near Edmonton.
The investment rebound is trickling into other parts of the economy.

Home sales in Calgary hit a record for the month of October at 2,186 transactions, and the Calgary Real Estate Board says activity is on pace to hit a yearly record as sales are up 61 per cent over the average of the last five years, and 42 per cent over the 10-year average.

Even as certain sectors rebound, the province faces persistent challenges. In the commercial real estate market, for instance, there are still challenges in Calgary and Edmonton, where vacancy rates increased by 6 per cent during the COVID-19 pandemic, which outpaces vacancy rate builds in Toronto and Vancouver. Avison Young pegs Calgary’s downtown office vacancy rate at 29.9 per cent and overall office vacancy rate at 26.1 per cent.

Still, the province’s economic rebound is led by its biggest industrial sector. Oil and gas revenues and royalties are hitting fresh records and for the first time in years, investment in the sector is expected to tick up.

“Oil prices have strengthened considerably this year on heightened demand and weakness on supply increases from OPEC+ as well as U.S. shale producers, and we do expect oil prices to stay relatively elevated over the next year,” Conference Board’s McArthur-Gupta said, noting she expects additional oil exports from Alberta over the course of next year as Enbridge’s Line 3 replacement pipeline is now in service and the Trans Mountain Expansion nears completion.
Alberta Finance Minister Travis Toews told the Financial Post the province now expects five oilsands projects to repay their capital costs this year, a critical milestone that ushers those projects into a new, higher royalty framework.

“That has a significant impact on government revenues,” he said, adding that in times of high commodity prices, oilsands projects repaying their capital costs can “yield the provinces materially, exponentially higher revenues.”

Altogether, Toews said the province expects oilsands royalties to rise more than 400 per cent from an initial budget estimate of $1.5 billion this fiscal year to over $7 billion. “Stay tuned,” he said, noting the province would unveil new numbers at its next fiscal update at the end of November.

Under the province’s royalty framework, an oilsands project that has yet to repay its capital costs pays a royalty rate of between 1 per cent and 9 per cent on its gross revenues. A project that has repaid its costs pays either 9 per cent of its gross revenues or between 25 per cent and 40 per cent of its net revenues, whichever yields a larger number for the province.

Suncor Energy Inc. announced last week that it had reached “post payout” on its 215,000-barrels-per-day Firebag oilsands project in the third quarter and that all of its assets, with the exception of the Fort Hills oilsands mine, were now in the post-payout period.
Canadian Natural Resources Ltd. also confirmed to the Post that it had reached payout at one of its Albian oilsands mines, which it purchased from Shell Canada Ltd. for $12.5 billion in 2017, this year and is on pace to reach payout at its massive 250,000-bpd Horizon oilsands project next year.

The “painful episode of the 2014-2016 oil shock” forced the Canadian energy industry to cut costs to the point companies are profitable at US$50 per barrel to US$60 per barrel oil prices, Desjardins economists Jimmy Jean and Marc-Antoine Dumont wrote in an Oct. 19 report. “The recovery in prices, productivity gains and a better financial situation put the sector in good shape currently,” they wrote.

By some measures, the domestic oil industry has never had it better.

“Oil production in Alberta has never been so valuable,” said Charles St-Arnaud, chief economist at Alberta Central, noting that the total value of the oil produced in Alberta reached $9 billion in the month of October alone, “another all-time high.”

“Nobody last year would have expected that suddenly we would have the record revenues that we’re having now,” St-Arnaud said, noting that in the depths of the pandemic’s first wave in 2020, the value of Alberta’s monthly oil production fell below $1 billion.
“It will have a positive tailwind in the economy. It doesn’t mean that we go back to the boom years of 2013 and 2014 because we’re not in the same conditions,” he said, adding that oil producers are not spending money to expand their production.

ARC Energy Research Institute expects oilsands investment in the province to rise slightly this year after seven straight years of declines. ARC expects oilsands companies to reinvest about $7.6 billion into their projects over the course of 2021, up roughly 18 per cent from 2020 when companies invested $6.5 billion in the oilsands.

In the conventional energy sector, ARC expects companies to reinvest about $23 billion in conventional oil and gas over the course of 2021, up 50 per cent from $15.3 billion reinvested last year.

In the next month, the province’s largest oil and gas companies will begin announcing their capital spending plans for 2022, which will mark an important preview of economic activity in the province for the next year.

Oil and gas companies have vowed to rein in spending but the lure of higher oil and gas commodity prices has already lured several companies, including CNRL, into additional spending.

So far, through 2021, the country’s largest oil and gas company Canadian Natural has drilled 586 gross wells, which is up 18 per cent from 2020 levels. CNRL said it would look at additional spending once it hits an absolute $15-billion debt target, but president Tim McKay wouldn’t tip his hand on whether that additional spending could come next year.

“We haven’t decided on our 2022 budget yet. I think, in general, the industry wants to be very prudent with their spending. We’ve come out of a pretty tough period,” McKay said.

As the province’s economy attempts to recover, and oil companies are reluctant to spend money on major projects, Alberta will need to see more growth from non-energy parts of the economy.

“Oil producers are not in the mood to use that money to expand production and to create new projects and spend into things that would have multipliers on the economy,” St-Arnaud said, adding that “we’re in a very different regime than we were in the past.”
Rising oil and gas prices will provide a boost to the province’s GDP, but “probably less than what we’ve seen in the past” because there is less spillover from spending on major projects or massive drilling programs.

“It’s a different multiplier. The money is getting redistributed into the economy but in a different way,” St-Arnaud said, noting the retail and wholesale trade sector, the real-estate sector and professional and scientific services industries.

(Published on November 10, 2021. Financial Post.)
Please click the following link to read the article:
https://financialpost.com/commodities/energy/oil-gas/albertas-swagger-is-back-and-this-time-its-not-just-an-oil-led-boom

アルバータはもうすぐ再びの好景気。今回はより持続可能だろうか？

今秋、Royal Bank of Canada（RBC）がコロナ禍のカナダ経済への影響を調査し、カナダ経済成長見通しを格下げしたが、唯一アルバータ州だけは例外であった。

RBCのシニアエコノミストはインタビューに対して次のように回答した。「アルバータだけは例外です。アルバータに関しては5.9%の成長見通しを維持します。アルバータは、今年最も早いペースで経済成長する州であり、カナダのGDP成長5.1%を凌ぐこととなるでしょう。」RBCは、2022年のアルバータの実質GDP成長率は4.9%（カナダ全体は4.3%）と予想している。

アルバータは、カナダ最大の石油・ガスの産出地であるが、2014年には石油価格の下落もあり、景気縮小が何年か続いていたが、再び好景気に向かおうとしている。エコノミスト達は、アルバータは原油価格と天然ガスの価格上昇に支えられ、石油・ガス産業が成長を牽引しているが、現在の景気回復はそれだけではなく住宅用不動産投資、製造業、サービス業などが盛り返していることにも起因していると述べている。

それらが重なりあって、アルバータは2020年には最悪の景気縮小期を迎えたが、2021年には経済成長ペースが最大となり、来年にもその好影響が続くと思われる。

（※当該和訳は、英文ニュースを抜粋翻訳したものですので、詳細につきましては英文の原文をご参照くださいませ）

Amazon to set up cloud computing hub in Calgary, creating more than 900 jobs and $4B investment

Amazonがカルガリーにクラウドコン
ピューティングハブを開設、900人規模の新規雇用と40億ドルの投資

Amazon Web Services will be setting up a new cloud computing hub in Calgary, bringing more than $4 billion in investment with it over time — and creating more than 950 full-time jobs across Canada.
The tech giant, which provides customers with cloud-computing platforms and related services, announced Monday it will establish a major “infrastructure region” in the Calgary area.
It will be the second Amazon Web Services (AWS) regional hub in Canada, consisting of at least three data centres, and will add to the existing 25 geographic regions that the company has in the world.

Amazon, which has almost 40,000 employees in the country, also released a new economic impact study Monday on its AWS investments in Canada.
The report indicates the company expects to invest an estimated $21 billion in its two Canadian infrastructure regions by 2037, which will support more than 5,000 new jobs.
“We estimate the GDP of Canada will increase by $4.9 billion by 2037 because of the Calgary Region alone,” states the study, noting the investment will support 871 local jobs annually by 2037, as well as positions outside the area.

(Published on November 8, 2021. Calgary Herald.)
Please click the following link to read the full article:
https://calgaryherald.com/opinion/columnists/varcoe-amazon-to-set-up-cloud-computing-hub-in-calgary-creating-more-than-900-jobs-and-4b-investment

Amazon Web Services (AWS)は新しいクラウドコンピューティングハブをカルガリーに設立します。これにより、40億ドル以上の投資をもたらし、さらにカナダ全土で950人以上のフルタイム雇用を創出します。Amazonは、8日月曜日、カルガリー地域に大規模な「インフラ地域」をもたらすだろうと発表しました。少なくとも3つのデータセンターで構成されているハブの設立により、カナダで2番目のAWS規模の拠点となり、同社が世界で既に所有している25の地域に加わることになります。

（※当該和訳は、英文ニュースを抜粋翻訳したものですので、詳細につきましては上記のリンクより英文の原文をご参照くださいませ）

Varcoe: Amazon to set up cloud computing hub in Calgary, creating more than 900 jobs and $4B investment Amazon Web Services will be setting up a new cloud computing hub in Calgary, bringing more than $4 billion in investment with it over time — and creating more…