Canada Mortgage and Housing Corp.’s forecast for Red Deer’s housing market continues to improve.
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A municipal approval for $12 million worth of work at Quinn Pumps’ premises in Riverside Heavy Industrial Park helped boost the City of Red Deer’s building permit values in May to $30.1 million. But that tally still came up short of the $33.2 million worth of permits issued by the city in the same month of 2012.
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A few last-minute adjustments brought the final number down slightly, but the City of St. Albert is still showing a surplus for the 2012 fiscal year.
Staff told a meeting of the Standing Committee on Finance Monday afternoon that the City is $687,000 to the good after the books were closed on 2012, which is down slightly from a preliminary projection of $698,466 that was given to the same committee last month.
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CALGARY — New condo sales in Calgary in 2012 reached their highest level since 2006, according to a report by consulting firm AltusGroup.
The report said new multi-family sales were 4,180 units, which was 26 per cent higher than 2011’s 3,317.
Sales peaked in 2005 at 5,868.
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Much was accomplished in Lethbridge during 2012. But now, Mayor Rajko Dodic is looking forward to more civic achievements in the new year.
Before the current city council concludes its term, the mayor will also lead discussions about capital projects that could shape the city’s future.
Completing Enmax Centre upgrades, hosting an international sports event there, and welcoming thousands more visitors to events throughout the year were some of the high points of 2012, he says. So was the construction start on a new community arts centre, confirmation of major grants for a sports complex, and re-opening the major Bridge Drive utility corridor.
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New home starts in the Calgary Census Metropolitan Area should reach 12,400 units by year end, declining slightly to 11,900 units in 2013, says Canada Mortgage and Housing Corp. (CMHC).
The projection for this year is up from the 9,292 starts recorded in 2011 and would be the first time annual starts crest the 12,000-unit plateau since 2007.
Read more: http://tinyurl.com/bgjsbea