Tag Archives: growth

$1-billion budget for 2013 approved by council

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The Regional Municipality of Wood Buffalo’s city council unanimously approved a $1-billion budget — the largest in the municipality’s history — Tuesday evening.

The 2013 budget breaks down into $629 million (58%) for capital spending, and $456 million for an operating budget.

“We’re still in, very much, a growth mode,” said the municipality’s chief financial officer Elsie Hutton. “We’ve been close to having a billion-dollar budget in the past, we’re at well over 900 million, so this is not typically new to us, it just means we proactively manage.”

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City’s resale market showing resilience

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While residential sales continue to show double-digit growth compared to last year, the resale inventory is starting to decline because new listings are not keeping up with demand, says the Calgary Real Estate Board.

Nevertheless, the city’s resale market remains in balanced conditions because the ratio between sales and inventory is stable, show numbers from CREB’s monthly sales report.

Read more:  http://tinyurl.com/alv5yfa

Developers want city to push ahead with growth strategy

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EDMONTON – Edmonton’s development industry warned city councillors Monday not to delay a strategy that will let them approve more agricultural land for housing, saying a shortage of approved neighbourhoods will quickly lead to increased house prices.

“We are in a shortage of land in one area and close to a shortage in another,” said Laurie Scott, vice-president at Cameron Communities.

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Calgary Will Continue to Sprawl

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There are numerous reasons why the neighbourhood you live in was built: market pressures, population growth,  forms of demand, essentially. Before it was built though, there were rules that the plans had to conform to. The latest version of one of these rules is Calgary’s Municipal Development Plan (MDP). Within it are policies that address growth patterns, urban design, transportation systems, among numerous other features in land planning and development. It is The City’s key document that addresses how Calgary should grow. Should we concentrate development around employment centres, LRT stations, existing communities or enable new communities at the outer edges of the city? It gives directions to these questions.

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Council debates census for 2013

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After sitting out a year following the federal count in 2011, High River Town Council is looking into holding a municipal census in 2013. However, judging from the brief debate on Friday, not all councilors are on board with some questioning whether the community has netted the additional 104 people necessary to recoup enumeration costs.

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Bank reforms proving a net benefit for growth and job creation, says Carney

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MONTREAL- Bank of Canada governor Mark Carney says there is evidence that reforms being imposed on the world’s largest banks — often against their will — are contributing to economic growth and job creation, rather than the opposite as critics claim.

Canada’s top central banker, who holds the prestigious position of head of the Financial Stability Board overseeing international reform of the sector, said he will insist on timely and consistent implementation of agreed reforms.

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