Edmonton renters are paying more than they were two years ago, but a new report shows relief may be on the way as prices start to fall.
Read more: https://tinyurl.com/yuzyjvvx
Meta reportedly in talks to build an AI data centre near Edmonton
Silicon Valley tech giant Meta may soon have a presence near Edmonton, with Alberta-based Pembina Pipeline reportedly nearing a deal to build a massive AI data centre northeast of the city.
Read more: https://tinyurl.com/ckm776yb
Calgary’s rental market is finally cooling compared to previous years
Average rent prices are dropping across Canada’s major cities, including Calgary, which saw a 5.9 per cent decrease for one-bedroom compared to last year.
Read more: https://tinyurl.com/2zku4t4z
Alberta’s oil production now more than double 2010 levels, but analysts expect slower growth
Even as oil prices remain stubbornly low, Alberta’s crude production is continuing to rise — but that climb may turn to a crawl in the coming years as pipelines fill, analysts say.
Read more: https://tinyurl.com/3x8hctym
Rising rent in New Orleans squeezes Gen Z
Rent is often the deciding factor for Gen Zers debating between staying in New Orleans or leaving for more affordable markets.
Read more: https://tinyurl.com/x5wcutr3
Gold zooms past US$4,000 for first time in historic flight to safety
Gold raced past US$4,000 an ounce for the first time on Wednesday as investors piled into a historic rally in the safe-haven asset to hedge against global economic and geopolitical uncertainties, while also betting on U.S. interest rate cuts.
Read more: https://tinyurl.com/35nk436a
What the government shutdown means for commercial real estate
When the government shuts down, real estate watchers tend to focus first on the impact to the residential market. Potentially thousands of home sales will be held up because the federal flood insurance program is no longer able to issue new policies; the Federal Housing Administration, Department of Veteran Affairs and Department of Agriculture might slow or suspend their mortgage processing; and the IRS might not process tax transcripts or income verification documents as quickly.
Read more: https://tinyurl.com/yc377bxw
Pigeons turn Sydney house into $7k damage disaster
A Sydney home has become a grim cautionary tale for property owners, revealing the shocking financial and structural damage that can occur when pest infestations are left unchecked.
Read more: https://tinyurl.com/2s4hr6m6
Single trend emerges amid ‘impossible’ housing crisis
A young tradie who has been working since he was a teenager has revealed the creative workaround he has discovered to enter the property market.
Read more: https://tinyurl.com/bz4hpjur
Valley Line West LRT construction advancing, all elevated concrete segments done
While it will still be several more years until trains begin running along the western leg of the Valley Line LRT, a major part of the construction is complete.
Read more: https://tinyurl.com/j4mt7tv4