With one month outstanding, the value of construction permits in Medicine Hat this year will exceed the total value from 2015 — not by much however — but despite a major downturn in housing construction.
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Monthly Archives: December 2016
The End Of The Oil And Gas Bankruptcy Wave
Even as oil prices are rebounding, we are closing out one of the worst years for the oil and gas industry in decades. In 2016, the U.S. oil and gas industry defaulted on $39 billion in high-yield energy debt, more than twice as much as the $15 billion in defaulted debt in 2015, according to Fitch.
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Given looks back on 2016, forward to 2017
City of Grande Prairie Mayor Bill Given is looking back at 2016 as busy year for the municipality starting with annexation of County of Grande Prairie lands.
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Slight upswing in optimism for Alberta entrepreneurs
The level of optimism by Alberta entrepreneurs finished 2016 on a positive note.
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MARCH OF THE MILLION-PLUS
Luxury sales numbers rebound; experts point to demand’s impact on pricing
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Bathroom upgrades top list of Canadian renovations in 2016
When it comes to home renovations, it seems Canadians love to flush away their money.
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Outlook For Coal Unlikely To Improve
The election of Donald Trump as President of the United States has a lot of implications for a lot of different segments of the economy – coal may not be one of them. The uphill battle for coal in the U.S. appears to be getting even steeper with Western States starting to increasingly look to natural gas and renewable energy for power consumption rather than coal. Moreover, the change is being driven by economics rather than regulatory requirements or concern over the environment.
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Rent down in West Texas
WEST TEXAS Now is the perfect time to rent an apartment.
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China’s Largest Oilfield To Cut Capex By 20% In 2017
PetroChina has reported plans to cut capital spending at China’s largest oilfield by 20 percent in 2017. In its statement the oil major claimed that, despite the decrease in drilling and engineering investment, it would aim to increase production by 10 percent at each operating well. This would maintain an output level of around 40 million tons of oil and gas through to 2019, a slight reduction from the 41 billion tons produced in 2015.
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Rising mortgage rates making you nervous? Here’s how to lower yours
Mortgage rates took a big leap after the presidential election and are continuing to move higher. Demand for homes is strong, but home prices are hitting new highs and affordability is weakening.
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