Energy royalties are dipping and the province has trimmed its budget expectations for both oil and natural gas prices this year, yet economic growth in Alberta isn’t gearing down.
Read more: https://tinyurl.com/3dcvbz66
Monthly Archives: August 2023
Calgary’s rental supply can’t keep up with skyrocketing demand
As we get ready to turn the calendar over to a new page, the current rental situation in Calgary remains dire.
Read more: https://tinyurl.com/36d6rd2p
Alberta remains on track to record $2.4B surplus: fiscal update
Alberta remains on track record a $2.4-billion surplus this fiscal year, a modest increase of $94 million from the surplus forecasted in February’s budget, according to the province’s update for the fiscal year’s first quarter.
Read more: https://tinyurl.com/y9j4yjcc
Rising housing costs push more Canadians to co-purchase properties: Survey
A growing number of Canadians are choosing to co-own properties as one way to sustain the sky-high cost of housing, a survey by Royal LePage has found.
Read more: https://tinyurl.com/57et62u5
Pilot project to see speed limit reduced in westside subdivision
Residents of Paradise Canyon/The Canyons and anyone driving through that area, may want to practice driving slower so they’re not caught off guard when the speed limit is reduced next month.
Read more: https://tinyurl.com/2yyznzw3
News Explainer: Utility rate debate continues in the Hat
The City of Medicine Hat – or any power company in Alberta – could offer one single rate to customers, according to provincial regulations, but it would have to be the floating rate that many say exposes them to wild price swings.
Read more: https://tinyurl.com/ykxa6355
Local Real Estate Agent Warning of Rental Scams
A local real estate agent is warning people seeking out rental properties that all might not be as it seems.
Read more: https://tinyurl.com/fm5mbdec
Do your homework before buying a sectional title property
Beware of purchasing a sectional title home before ensuring all checks and balances are in place.
Read more: https://tinyurl.com/5f2mv7n4
Rental property search disappointment: ‘My son called it the murder house’
Jason Wilson and his family have only been looking for a new rental property for a short while, but so far they’ve been shocked at what they’ve encountered.
Read more: https://tinyurl.com/yufa39jb
Mixed signals: Why it’s hard to tell if Canada’s real estate market is hot or not right now
Canadian residential real estate markets have been giving off mixed signals in recent months. After a strong start to spring, the Bank of Canada’s resumption of interest rate hikes in June sent buyers back to the sidelines. But while sales have cooled, prices in some areas have held their ground, even in the face of five-year fixed mortgage rates that are pushing six per cent. So is the market hot or not? The Financial Post’s Shantaé Campbell asked realtors in Vancouver and Toronto to assess their respective markets by looking at some of the indicators of bull markets gone by, from bidding wars to inventory levels.
Read more: https://tinyurl.com/2p9befjy