State of the Nation: Alberta
Alberta Alberta?s economy follows a boom-and-bust cycle, tracking energy prices. The crash of the oil market has been devastating for the private sector as well as the province?s coffers?and this has hit architecture firms in turn. ?Calgary has been decimated in the last four years,? says Linus Murphy of S2 Architecture. ?I think it?s going to get worse before it gets better.?
In the private sector, Calgary currently has a 27% office vacancy rate?higher than it was during the recession of the 1980s. Fees have been driven down by firms competing for the remaining work. In the public sector, the province has continued with deficit spending, but in an erratic manner. Some major public projects that started before the downturn have been completed, such as the University of Lethbridge?s $220-million expansion, by KPMB and Stantec Architecture, but others have been holding at the tender stage until funding becomes available. One major project, the $590-million Alberta Health Services super lab in Edmonton, was under construction, but the work was abruptly suspended after the government changeover in April. Other projects seem to be stuck at the study phase. University of Lethbridge Science and Academic Building by Stantec and KPMB.
Several very large-scale projects have been pushing through?the $1.4-billion Calgary Cancer Centre (by Stantec in collaboration with DIALOG), for instance, and the $500-million BMO conference centre expansion (by Stantec, S2 Architecture, and Populous)...
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canadian architect
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https://www.canadianarchitect.com/
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