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Main » 2015 » September » 18 » Guessing on the Canadian Tower Stantec Tower
Guessing on the Canadian Tower Stantec Tower

The tallest building in Canada located in Edmonton - the capital of Canada's largest oil province of Alberta - based on AMarkets.




It is expected that Stantec Tower will have a floor 62 and a height of 825 feet.It is even higher than the 56-storey building Brookfield Place, which will be commissioned in 2017 (incidentally, also in Alberta, but in Calgary).

Stantec Tower will serve as the headquarters for Stantec - a global engineering company with a market capitalization of $ 2.2 billion. Interestingly, the Skyscraper Index (index by Barclays) suggests that the Canadian economy are waiting for trouble. The index reflects the trend whereby most historically high buildings were built in anticipation of recessions and financial crises.

The most recent examples: Tower Taipei 101 (1671 feet) was built in time for the beginning of the collapse of the dot-com bubble of the 2000s, and the tower Burj Khalifa (2717 feet) was completed in time for the start of the recent global financial crisis. Construction Stantec Tower will be completed in 3 years.

Canada has already gone to the "territory" of the recession, has experienced two consecutive quarters of contraction in GDP growth. In the first half, the region of Alberta, the country's largest employer, has reduced 200 thousand. Jobs against the backdrop of a stagnating market of raw materials and showing signs of bad real estate market.


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