ANALYSIS: Does the rise of U.S. shale oil mean fuel buyers can look forward to a multi-year period of crude price decline? Or is oil destined for new record highs above $150 US a barrel?
The question is dividing energy analysts who are split on whether or not shale and other predominantly North American “unconventional” supply like Canadian oil sands will be enough to comfortably meet an increase in global fuel demand led by emerging markets to 2020.
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Housing construction numbers for September were “blowout” and “smashed consensus,” according to analysts who follow the sector. Single family starts rose 11 percent from August and are up nearly 43 percent from a year ago. This from the depths of the housing recession.
Read more: http://www.cnbc.com/id/49448427
MISSISSAUGA, ON, Oct. 17, 2012 /CNW/ – While residential housing sales may be slowing in some parts of the country, demand for commercial real estate continues to climb, according to a report released today by RE/MAX.
The RE/MAX Commercial Investor Report, highlighting trends and developments in nine Canadian centres—Greater Vancouver, Calgary, Edmonton, Regina, Winnipeg, London, Greater Toronto, Ottawa, and Halifax-Dartmouth—found that almost all markets saw an increase in commercial sales and dollar volume over the six-month period ending June 30, 2012. Canadian and foreign investors are behind the push, snapping-up apartment buildings and small strip malls given continuing low interest rates and a generally bullish tone for the Canadian economy. Private investors, in particular, have gained a serious foothold in recent years, spurring demand for entry-level properties such as multi-unit residential, suburban and urban retail storefronts, and smaller office buildings.
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CALGARY—Calgary’s downtown office market absorption of just over one million square feet in the third quarter of this year compared to a year ago was a sign of continued strong demand for space.
But the market could be at a tipping point.
Read more: http://tinyurl.com/ct9re4m
Total housing demand for Airdrie is on the upswing compared to the same time last year, says a federal agency.
The city north of Calgary has seen total housing construction starts “nearly double” from Jan. 1 to the end of August compared to the same period in 2011, says senior market analyst Richard Cho of Canada Mortgage and Housing Corp.
Read more: http://tinyurl.com/9bz9urd