Construction resume: Anacme Construction Supply, one of Canada’s biggest construction companies, is expanding into Calgary.
The company says it will build an 800-bed hospital on the site of a former military base.
The construction company, based in Brampton, Ont., says it plans to add 700 beds and a 500-bed trauma unit.
AnacME also has plans to build a new school on the base, and to construct a second school and a new police station.
The expansion of the company to the city comes as Alberta’s housing market continues to boom, with a record number of homes sold in Calgary in 2017, according to RealtyTrac.
The province saw a record 2.8 million homes sold last year, which is the most since 2011.
Realtors said in a note to clients last month that Alberta’s market may be in the midst of a “record high” in housing values.
“The market has seen an increase in sales of the past year, with strong demand and an increased supply of new homes,” said RealtyTRAC chief economist Matthew Fadiman.
“This has been driven by strong demand from buyers, particularly young buyers, who are also keen to buy new homes.
In a statement to CBC News, AnacMe said its new hospital in Calgary is the largest and most modern in the province. “
There is also a significant increase in mortgage rates, which are currently at record lows.”
In a statement to CBC News, AnacMe said its new hospital in Calgary is the largest and most modern in the province.
“We are proud to be a part of this historic project, which will create more than 400 permanent and temporary jobs,” the company said in the statement.
The project, AnaCME, was awarded a $2.5-billion construction contract in 2018 from the province of Alberta.
AnaLME was awarded $1.8-billion in funding in 2019 and 2018.
Anas construction company spokesman said the company expects to build the hospital and two police stations.
He said the new construction will be finished by the end of the year.
“At this time, construction of our new facility in Calgary will begin, with construction of the new police stations to follow,” said Mark Mowat, Anas Construction Supply president.
The new hospital will be one of four new hospitals planned at the construction site.
Ananas new hospital is expected to create a total of 800 permanent jobs.
The city has a vacancy rate of 6.2 per cent, compared to a national average of 8.3 per cent.
An average of 4,900 new residential units were built in Calgary last year.