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Monthly Archives: February 2021

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Alberta’s credit rating remains the same after release of 2021 budget

Posted on February 26, 2021 by Joe

CALGARY — The situation hasn’t changed for Alberta following the UCP government’s third budget but a company that records credit ratings says the framework released Thursday fails to provide a plan to return to balance.

Read more: https://bit.ly/3aY3hLV

Posted in Alberta

Edmonton police to move into new northwest campus March 1

Posted on February 26, 2021 by Joe

Edmonton police will officially move into the new northwest campus on March 1, following construction delays.

Read more: https://bit.ly/3pS65yw

Posted in Edmonton (Alberta)

Online mortgage traffic grows amid pandemic

Posted on February 26, 2021 by Joe

The housing market has become increasingly hot during the pandemic, and so has online mortgage shopping, according to a national brokerage firm.

Read more: https://bit.ly/3su6nNI

Posted in Canada

Vacancy rates up in Alberta with low interest rates making home purchases attractive

Posted on February 26, 2021 by Joe

Alberta vacancy rates lead the nation, real estate consulting group finds.

Read more: https://bit.ly/3r1GILX

Posted in Alberta

Gap between cost of owning and renting narrows in Edmonton

Posted on February 26, 2021 by Joe

Renters thinking about buying a home may not see market conditions to make that leap more favourable than they are today.

Read more: https://bit.ly/37P6NXe

Posted in Edmonton (Alberta)

Condominium rental vacancies low amid rising supply for purpose-built apartments

Posted on February 26, 2021 by Joe

Vacancy rates jumped in Calgary for rentals last year, but the market continues to remain strong for condominium owners renting out their suites in the secondary market.

Read more: https://bit.ly/3soDFOi

Posted in Calgary (Alberta)

Adapt or die: Calgary condo developers embrace innovation and affordability to succeed in crowded COVID-19 market

Posted on February 26, 2021 by Joe

COVID-19 has undoubtedly changed how Calgarians live their lives. According to market analysts, it has also started to affect where they live and how they buy homes, and condo developers have been forced to adapt.

Read more: https://bit.ly/2ZWResa

Posted in Calgary (Alberta)

Development dispute: Chaparral residents say proposed community would put their homes at risk

Posted on February 26, 2021 by Joe

CALGARY — A new community proposal in southeast Calgary has nearby neighbours worried about flooding and calling for a development halt.

Read more: https://bit.ly/3q0U6i9

Posted in Calgary (Alberta)

Capital investment expected to rise in Canada this year

Posted on February 26, 2021 by Joe

Capital expenditures on non-residential construction and machinery and equipment are expected to increase seven per cent to $266.2 billion in 2021, following a 9.2 per cent decline in 2020 largely attributable to the economic shock from the COVID-19 pandemic, says a new report released Friday by Statistics Canada.

Read more: https://bit.ly/3kD6DaF

Posted in Canada

Calgary office market to see continuing climb in vacancy

Posted on February 26, 2021 by Joe

Merger and acquisition activity spurred by low oil and gas prices will continue to impact the Calgary office market in 2021, particularly in the energy-intensive downtown core, says commercial real estate firm CBRE.

Read more: https://bit.ly/37SIhnQ

Posted in Calgary (Alberta)

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