Owning a home in Calgary at market price remains more affordable than it has been on average since the middle of the 1980s, says a new report released Monday by RBC Economics Research.
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Monthly Archives: August 2015
Capital investment in oilsands could decline further, CAPP president says
Capital investment in Alberta’s oilsands could see a further decline next year on top of the pullback being experienced in 2015, the president of the Canadian Association of Petroleum Producers said Monday.
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Alberta crops better than expected
Federal Agriculture minister Gerry Ritz said Albertan crops are in better condition than he expected they would be following the somewhat dry summer season.
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Council Holds Firm saying No to Winter Ross Street Patio
Council is sticking to its guns saying no to a new request for year round implementation of the Ross Street Patio.
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Hammered by low oil prices, Alberta on brink of recession as economic outlook weakens
Alberta’s forecast deficit could continue to grow this year as depressed oil prices plunge the province to the brink of a recession, Alberta Finance reported in its quarterly fiscal update Monday.
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Five-year sentence in landlord attack over bed bug rage
An Edmonton man who stormed his landlord’s office and slashed an employee’s neck over a bed bug complaint was sentenced to five years in prison Monday.
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Calgary’s East Village welcomes first resident to the neighbourhood
The emerging East Village welcomed its first resident Monday, seven years into its development.
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Proposal to convert Victory Church to community centre on hold
The city and a non-profit group are taking another look at a proposal to turn a defunct Edmonton church into a community centre.
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Continued downswing expected in Calgary housing starts in 2016
Homebuilding activity in Calgary is expected to be lower than the long-term average for the next two years, according to a new report by the Altus Group.
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Calgary housing market correction has not yet run its full course, bank says
Notwithstanding the recent modest recovery in sales, TD Economics said Monday it believes that the housing market correction in Calgary, Edmonton, Saskatoon and Regina has not yet run full course.
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