The Edmonton area’s housing market will see fewer single-family starts in the new year, but the balanced housing market of the province’s capital region will support modest price growth, says a federal agency.
Canada Mortgage and Housing Corp. recently released its economic and housing outlook for the province, including the major centres in Alberta.
“Single detached home starts are trending upward since 2011 due to full-time employment growth and low mortgage rates,” says David Lan, a senior market analyst with CMHC.
If federal cabinet ministers Jason Kenney, Maxime Bernier and Ed Fast didn’t fully appreciate just how much northern Alberta’s oilsands-driven economy is contributing to Canada’s GDP, or the magnitude of the region’s pressing labour force needs, they do now.
A delegation of Edmonton business and educational leaders travelled to Ottawa last week, where they delivered that message in spades in private meetings with several senior members of the Harper government.
CALGARY — The United States will continue to import Canadian crude oil even if it succeeds in winning net energy self-sufficiency as predicted, its ambassador to Canada assured a Calgary crowd on Friday.
David Jacobsen, representative of the U.S. in Canada for the past three and a half years, said he doesn’t see an end to two-way energy trade between the countries that now exceeds $100 billion per year.
The site, which describes itself as, “The world’s largest database of user contributed data about cities and countries worldwide, especially living conditions: cost of living, housing indicators, health care systems, traffic, crime and pollution” uses crowd-sourced information about cities around the world. When the amount of collected data is sufficient, the site runs a statistical analysis of the information to create a quality of life index.
EDMONTON – Edmonton’s future northwest LRT route will feature smaller, less obtrusive stations than on existing lines to help them fit into surrounding neighbourhoods, a recommended concept plan shows.
The plan, being presented at public meetings next week, outlines such changes as adding kiss-and-ride stops at three stations, an access lane to the Castle Downs playground and spray park, and longer left-turn lanes at 145th Avenue and 153rd Avenue.
Demand for apartments is set to increase dramatically by 2020; compensation in the apartment industry will continue to rise faster than the rate of inflation; hospitality companies may seek to acquire an apartment REIT or privately held multifamily company by 2020; and over 50 percent of today’s senior leadership will pass the baton by 2020.
Environmental groups are hailing a decision by the federal government to vote down a long-standing proposal to develop 1,250 new shallow gas wells in an environmentally sensitive area of Canadian Forces Base Suffield.
Cenovus Energy’s plan to expand drilling in the National Wildlife Area of the base, near the South Saskatchewan River, has been rejected, according to a statement by Environment Minister Peter Kent.