Business Roundup
April 10, 2026
Residents and developers told Edmonton city councillors at a public hearing on April 7 that proposed changes to the zoning bylaw won't make a material difference to the feel of the infill structures from the street and will only make units less livable. Administration recommended reducing the maximum height in the small-scale residential (RS) zone from 10.5 metres to 9.5 metres, arguing it would help reduce the perception of massing while still allowing three-storey developments with basement windows above grade. Jan Hardstaff, speaking on behalf of a coalition called the Residential Infill Working Group, said reducing the maximum height "will not resolve impacts imposed by large, long, intensive multiplex RS zone infill, at least not meaningfully." Hardstaff said the zone needs amendments to setbacks to better integrate infill developments into the surrounding homes.
Meanwhile, the development industry also opposed the changes. Mauricio Ochoa, president of the Infill Development in Edmonton Association, said the current 10.5-metre maximum height allows for family-oriented infill development with functional basements and standard ceilings. He added that the change would bring the zone's maximum height even lower than the suburban equivalent of the RS zone, which caps buildings at 12 metres. "If our goal is to encourage housing in established neighbourhoods, this move is in the wrong direction," he said.
Kalen Anderson of BILD Edmonton Metro said the organization trusts councillors to make a decision, but urged that any changes should be made with clarity and confidence, and the changes should be phased in so they have less impact on developments that are underway. Administration said that if the changes are approved, some existing developments will become legally non-conforming, so staff will introduce a clause to the bylaw allowing planners to vary the maximum height for buildings with a valid development permit. Council postponed debate on the changes until a public hearing on April 27.
Economic development
- Finalists are posted for the Edmonton Tourism Awards, which will be presented on June 5 at the Edmonton EXPO Centre. Métis Crossing is up for Attraction of the Year, competing with Old Strathcona Farmers' Market and the University of Alberta Botanic Garden. "Métis Crossing was conceived to share the Métis story from our perspective," said CEO Juanita Marois in a release. "Our goal has always been to create a destination that Métis people, Edmontonians, Albertans, and Canadians can be proud of, and that the world wants to experience. This nomination tells us we're on the right path."
- Edmonton will host matches in the inaugural World Rugby Nations Cup in July as Canada prepares for the 2027 Rugby World Cup. Canada plays Spain at Clarke Stadium on July 4, followed by a double-header on July 11. Mayor Andrew Knack expects the events to generate $7 million in economic impact.
- Mayor Andrew Knack and Edmonton Global are on a trade mission to Japan and China to promote the capital region for investment in advanced manufacturing, technology, and sustainable energy. Edmonton Global CEO Daryn Edgar told CTV the discussions could represent up to $2 billion in capital investment and 300 to 400 permanent jobs.
- Laurent Ferreira, CEO of National Bank of Canada, outlined the bank's strategy in Western Canada after its $5-billion acquisition of Canadian Western Bank in February 2025. Ferreira told Postmedia that Edmonton now serves as National Bank's regional headquarters for Western Canada. With nearly 2,000 of about 3,000 Western Canadian employees in Alberta, the bank aims to double its regional presence in five years, focusing on commercial banking, retail, and wealth management.
- DIALOG and HNTB (an American firm with experience on Edmonton projects such as the Yellowhead freeway conversion) have been selected to design the new Event Park at the site of Fan Park in the ICE District. The indoor-outdoor venue concept was chosen from 19 qualified submissions, with construction expected to begin in 2027.
- The Edmonton Chamber of Commerce hosted Consul General Zhao Liying for a business-focused discussion on China-Alberta trade at the World Trade Centre. Zhao pointed to improving trade conditions, noting recent tariff adjustments helped Alberta beef and canola return to the Chinese market, and cited $15 billion in bilateral trade last year as a foundation to build on.
- Prairies Economic Development Canada has invested more than $7 million through the Regional Tariff Response Initiative to strengthen operations amid tariff pressures for Alberta businesses. Apollo Machine and Welding Ltd. received $1 million to adopt machine learning into its business, while the Alberta Chambers of Commerce received $3.5 million for trade missions and supply chain support.
- Applied Pharmaceutical Innovation CEO Andrew MacIsaac said the war in the Middle East has led to renewed calls for a sovereign Canadian medical supply chain after Iran-linked disruptions to Qatar's natural gas exports cut liquid helium supplies — used as coolants in MRI machines — by 50% for at least one provincial health authority. The Alberta not-for-profit said it could serve as a short-term domestic supplier of active pharmaceutical ingredients should drug shortages worsen.
- Anohka Distillery owner Gurpreet Ranu weighed in on the new Alberta Whisky Act which defines and protects what can be labelled as Alberta whisky in an effort to support the province's craft distillery industry. "It's nice to see that all the hard work that we've been doing trying to make the best whisky in the world — and winning awards for making some of the best whisky in the world — has resulted in some recognition," he told CBC Edmonton's Radio Active. "Alberta grows more barley than any country in the Western Hemisphere. We have literally all these ingredients right under our feet, and historically, for the most part, we were just exporting this stuff or feeding it to cows."
- Alberta Food Processors Association executive director Bianca Parsons discussed how the organization has grown its membership and secured grants to double its staff on the Executive Wins podcast, noting that at least 70 cents of every dollar spent on local foods stays in the local economy.
- Innovotech reported $4.5 million in revenue for 2025, more than double its 2024 figure of $2.2 million, driven largely by the integration of Keystone Labs. The company posted net income of $89,000 for the year.
- Sturgeon County council approved $75 million for infrastructure improvements in the Industrial Heartland.
Startups and SMBs
- Augusta Fashion and Textiles owner Maria Augusta is debuting her new slow-fashion collection, called 54°N, at Vancouver Fashion Week on April 11. The collection draws on Edmonton's textile manufacturing history, informed by research from the Anne Lambert Museum and Provincial Archives. "Canadian fashion has a deeper history than most people realize — and uncovering it feels both grounding and exciting," Augusta said.
- Kakio Studio Cafe owner Dallas Arcand told Global News that he hopes his new business at 10219 106 Street NW can inspire and welcome people. Arcand is sharing the space with Tee Pee Treats, an Indigenous food business that has moved around over the last five years before finding a permanent home.
- Alberta Native News profiled Julie Laflamme, founder of Beauty 2 Brows, an aesthetics training school and studio where independent beauty professionals rent space to run their own businesses. Laflamme initially invested about $100,000 in a brick-and-mortar location before pivoting to a shared studio model.
- Chris Bourget spoke to CBC Edmonton's Radio Active about Seven Feathers Trading Post, an Indigenous art gallery, shop, and studio.
- X5 Management president Mike Mack has launched his new book, , Succession: The Quiet Crisis of Transition and How to Prepare for It. The book blends a business fable about family dynamics, a case study from Williams Engineering CEO Naseem Bashir on navigating leadership transitions, and practical tools for leaders and advisers.
- Victor Cui, co-founder and former CEO of ONE Championship — Asia's largest MMA organization — discussed his career in sports management on What the Job?, a podcast from the University of Alberta's Alumni Association. The Edmonton-born executive also served as president and CEO of the Edmonton Elks from 2022 to 2023.
- Father and son Ted and Sean LeLacheur of Western Moving + Storage discussed their fourth-generation family business on an episode of the Table Talk with ABFI podcast. Sean LeLacheur discussed leaving the company to try other ventures before returning and leading the acquisition of a competitor three times its size. Host Matt Knight of the Alberta Business Family Institute heard their thoughts about making adjustments as businesses change hands from one generation to the next.
- Brothers Kevin and Jeffrey Lapes, second-generation owners of Pemco Construction Ltd., discussed family business succession and starting from the ground up on the Executive Wins podcast. The brothers took over the company from their father in 2015, 25 years after it was founded.
- Riva International, Silvacom Group, and Translational Research in Oncology were named among Canada's top small and medium employers by Mediacorp Canada in its 13th annual ranking.
- Antigoni Studios is putting on an event on April 28 to launch Canada's first femtech venture studio. It's aimed at entrepreneurs and investors focused on women's health and innovation.
- Bitcoin Well has reported strong early momentum in the U.S. market, with its Bitcoin Portal generating more than US$9 million in transaction volume and its registered American user base growing from roughly 11,000 in 2024 to more than 20,000 by March 2026.
- Zero Point Cryogenics is providing the dilution refrigeration system for Canada's first full-stack, university-owned quantum computer, to be installed at the University of Saskatchewan with more than $2 million in support from the federal and provincial governments.
- NiaHealth co-founder and CEO Sameer Dhar discussed reimagining preventative care on The Thin Air Labs podcast. NiaHealth can test blood for early signs of more than 1,000 health risks. Dhar previously founded Sensassure, an elder-care incontinence monitoring company that was acquired in 2016.
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Real estate
- Edmonton city council approved a rezoning application for a new modular home development near Terwillegar Drive. The decision paves the way for the construction of modern, prefabricated homes on the land, proposed by ATCO's Viva Homes. The project will have 32 units. The company said the modular design will lead to lower rents. A nearby church opposed the development over fears of increased traffic.
- New York-based W.P. Carey completed a $287-million sale-leaseback deal with Go Auto for 14 automotive dealership properties, including four in Edmonton.
- Edmonton's office vacancy levelled off in the first quarter of the year, while industrial space continued to tighten, according to CBRE. The report's authors said the city's office sector may be reaching a turning point as demand shifts.
- The REALTORS Association of Edmonton recorded 2,133 residential sales in March, a 33.1% jump from February, though 14% below March 2025. The average selling price rose 3.4% from the previous month to $470,819, with detached homes leading sales.
- Most Edmonton mortgage clients opt for the minimum 5% down payment because saving more is out of reach for many buyers. A 20% down payment avoids insurance premiums, which can add up to $19,000 on a $500,000 purchase, but many don't have that kind of money up front. Meanwhile, a Zoocasa report found it takes a little more than seven years to save up a minimum down payment for the average detached home in Edmonton.
- Residential real estate investors increasingly hold lower-risk mortgages and provide stability to mortgage markets, said Murtaza Haider, the executive director of the University of Alberta's Cities Institute. Haider also called on the federal government to focus housing policy on those priced out of the cheapest rental market.
- Effect Home Builders and Excel Homes shared the Ambassador Award at Built Green Canada's 2026 Maverick Awards for sustained leadership in sustainable building.
- The province has threatened to block future federal Housing Accelerator Fund deals after Ottawa terminated Red Deer's $12-million agreement, arguing the city was treated unfairly compared to Ontario municipalities. "Alberta has approved increases to the City of Edmonton and the City of Airdrie HAF agreements. However, our province has deep concerns that these funding agreements are being made at the expense of other municipalities and rural communities," ministers Jason Nixon, Dan Williams, and Nate Horner wrote to federal housing and infrastructure minister Gregor Robertson. NDP Leader Naheed Nenshi criticized the threat as "turning away free money" during a housing crisis.
More headlines
- Rat Creek Press covered The Ripple Effect: Give to Gain, an International Women's Day event held at the Nina Haggerty Centre for the Arts. It featured stories of business and the value of mentorship from Maria Drueco of BelongInclusivity, Ann Nguyen of Alberta Travel Living, Gail Powley of Technology Alberta, Dawn Osland of Osland Medical Billing Tools, and Saeedeh Ghaemmaghami of SemiTechnic.
- Alberta School of Business assistant lecturer Edward Acuna and his wife donated $2,500 to the University of Alberta's Student Experience Fund, which supports undergraduates in accessing experiential learning. Acuna, a former commercial banker, said opportunities outside the classroom often differentiate graduates more than grades.
- The Unapologetic podcast featured Constance Scarlett, president and CEO of TELUS World of Science - Edmonton, in a conversation about inclusive leadership and designing public spaces where all community members can genuinely see themselves.
- The Women in Leadership and Entrepreneurship podcast featured Jodi Abbott, president and CEO of the University Hospital Foundation, in conversation with lawyer Heather Barnhouse. The two discuss navigating complexity, developing bold strategies, and the role of values in leading organizations through change.
- Alberta's government proposed legislation that would require employers to register with the province before hiring temporary foreign workers, giving Alberta more oversight of its labour market. The bill, introduced by Jobs and Immigration Minister Joseph Schow, also aims to establish a licensing system for immigration consultants and recruiters, with maximum fines of $1 million for individuals and $1.5 million for corporations.
- The Alberta Machine Intelligence Institute has added Peter Tertzakian and Veer Gidwaney to its board of directors. Tertzakian is the founder of Studio.Energy and brings four decades of energy sector experience; Gidwaney is a three-time entrepreneur whose most recent company, Ansel Health, was acquired in 2025.
Happenings
Here are some events coming up over the next seven days:
- April 11: Voices and Ventures 2026 starting at 11am at Alberta Aviation Museum
- April 13: Edmonton Ecommerce Meetup starting at 5pm at Poppy Barley (Office)
- April 15: Place Brand & Innovation: Examining the intersection of brand and business starting at 9am at Edmonton Unlimited
- April 15: Education Session: Donor Communications & Stewardship starting at 9am at Bison Lodge
- April 15: Spring Refill with Infill starting at 4:30pm at Rocky Mountain Icehouse
- April 15: Get to Know Rotary starting at 5pm at Alberta Teachers' Association
- April 15-16: ACG Edmonton Corporate Growth Summit at JW Marriott (Edmonton ICE District)
- April 16: The Future of Infill Luncheon starting at 11:30am at Royal Glenora Club
- April 17: The Business Athlete: Application starting at 7:15am at Results
- April 17: Tourism Week Kickoff at Coffee with the Chamber starting at 8:30am at Parallèle Alberta
And here are some upcoming events to keep in mind:
- April 22: Powering Alberta's Future: A Conversation on Energy with Minister Brian Jean at World Trade Centre Edmonton
- April 25: ACE Awards – 47th Annual Show at JW Marriott Hotel Edmonton Ice District
- April 29: Spring Soirée: An Evening With Alumni at MacEwan University (The Lookout)
Visit the Taproot Edmonton Calendar for many more events in the Edmonton region.
This roundup was sponsored by CPA Alberta.
CPA Alberta is the professional organization for more than 30,000 Chartered Professional Accountants (CPAs) across the province. CPAs are known for the experience, expertise, and business acumen they bring to organizations everywhere. CPAs are leaders, entrepreneurs, business advisors, personal financial advisors, management consultants, financial analysts, and so much more!