Persistent strength in the economy means interest rates may have to stay higher for longer to rein in inflation, Bank of Canada deputy governor Paul Beaudry said June 8 when he delivered the central bank’s latest economic progress report.
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Calgary led cities across Canada for the most sizeable gain in average home price over the past year amid rising interest rates for mortgages while most other major metropolitan areas saw significant price declines.
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Calgary multi-family development for ownership continues to provide a pressure release for high demand in the resale market — though sales are not quite at the record pace of last year, a new report shows.
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Hoping to provide residents of Rocky View County with more transparency and an improvement in customer service, new changes have been made regarding the municipality’s development permit notification process.
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Although city staff have already identified the need for it, council passed a motion on June 6 directing administration to develop a business case for a new RCMP detachment building and add the project to the city’s 10-year capital plan.
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The Town of Sylvan Lake is amending the Land Use Bylaw (LUB) in order to rezone property from a future designation district to medium density residential, high density residential and public facility districts to allow for further residential development of the Vistas at Ryders Ridge.
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Council will debate an extra $2.6 million for a grant program encouraging business owners to invest in downtown properties. The municipality’s Planning and Development department argues the program has been a success since launching in June 2020, and the economic investment is worthwhile.
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Persistent economic uncertainty has been the overwhelming theme of the past 12 months. While the US is not currently in a recession, many economists believe one could be on the horizon. In the meantime, the dual whammy of high interest rates and persistently high inflation is beginning to take its toll on the commercial real estate sector.
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What sets the Bristol and Manchester property sectors apart from other UK cities? A new study reveals why they are the top locations for future growth.
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PARIS — French Economy and Finance Minister Bruno Le Maire on Friday proposed to raise taxes on Airbnb rentals, bringing them in line with ordinary, non-tourist rentals.
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