Melcor’s Alberta land sales climb even as company-wide revenue slips

STRENGTH · Builders & Developers · Land Development

Edmonton-based Melcor Developments reported second-quarter results on August 13. Company-wide revenue for the first half of 2026 came in at $107.4 million, down 28.8% year-over-year, largely on lower U.S. land sales activity and recent property dispositions. But the Canadian side moved the other way: land sales increased $10.3 million to $40.1 million year-to-date, and CEO Timothy Melton said the company’s “core Alberta operations remained stable, margins remained strong,” while debt fell 10.7% since year-end (GlobeNewswire).

For a diversified developer to lean harder into Alberta lot and land sales while trimming elsewhere is a read on where the demand is: builders are still buying lots in Alberta communities, even as the resale market softens.

What it means: Land is still moving in Alberta — the developers and builders taking down lots today are the ones launching communities through 2027, and the window to establish a community’s brand is before the first showhome opens, not after.