An outlook on Fort Saskatchewan’s future was given last Wednesday, and it seems residents can expect to pad their wallets over the coming years.
A presentation given by Terry Stacey, director of economic development with the city of Fort Saskatchewan, at the chamber of commerce breakfast function last Wednesday outlined outlooks for the community — including an expected increase in average household income.
Read more: http://tinyurl.com/cunl4bo
The Edmonton area’s housing market will see fewer single-family starts in the new year, but the balanced housing market of the province’s capital region will support modest price growth, says a federal agency.
Canada Mortgage and Housing Corp. recently released its economic and housing outlook for the province, including the major centres in Alberta.
“Single detached home starts are trending upward since 2011 due to full-time employment growth and low mortgage rates,” says David Lan, a senior market analyst with CMHC.
Read more: http://tinyurl.com/cerl838
While housing construction starts in Calgary have been on the upswing since 2009, that’s expected to end next year, says a federal agency.
Canada Mortgage and Housing Corp. estimates the Calgary census metropolitan area will ease four per cent in total housing starts in 2013 compared to its expected total this year.
Read more: http://tinyurl.com/ajqoa6u
CALGARY — The Calgary-area housing market bucked the slowing trend in home resales seen in other Canadian markets in the third quarter with steady activity relative to the previous quarter and an improving trend in affordability, says the latest Housing Trends and Affordability Report by RBC Economics Research.
Read more: http://tinyurl.com/apqqfvo
Residential builders and real estate agents have reason for optimism, says a market analyst with Canada Mortgage and Housing Corp.
Régine Durand was one of the presenters at CMHC’s housing outlook conference in Calgary on Tuesday. READ
Doom and gloom or bust and boom – two visions of economic activity in the city and region were presented by Medicine Hat city council on Monday night.
Alderman Les Pearson broached the subject by asking how success is measured in the economic development organizations in which the city belongs.
“Medicine Hat is in the doldrums and it seems to be the only municipality in Alberta,” said Pearson during a debate on accepting the financial statements of the Palliser Economic Partnership and Economic Development Alliance of Southeast Alberta.
Read more: http://tinyurl.com/c2lgooa
OTTAWA— The federal government is expecting a hit to its revenues this year due to changing economic circumstances and softening commodity prices, but still expects to balance the books over the “medium term.”
Indeed, economists still believe the government remains on track to eliminate the deficit — estimated at $21.1 billion in the budget — by 2015-16, and possibly a year earlier.
Read more: http://tinyurl.com/8gustq4
CALGARY-Alberta’s economy continues to lead the pack across a range of indicators and solid growth will persist in 2013, supported by robust oilsands investment, says Scotiabank’s Global Forecast.
The bank is forecasting the province will lead Canadian economic growth with 3.4 per cent this year followed by 3.0 per cent in 2013.
Read more: http://tinyurl.com/98leuob
Some good news Thursday for Calgary’s housing market in the foreseeable future.
Economists Craig Alexander and Mario Lefebvre painted a fairly rosy picture for the local economy in the next couple of years during their presentations at the Calgary Economic Development economic outlook luncheon.
Read more: http://tinyurl.com/9na37r6
The rest of the world is ratcheting up already intense pressure on Washington and Brussels to head off another global economic crisis, as the outlook grows ever dimmer.
Read more: http://tinyurl.com/947xxdk