Mayor Naheed Nenshi and Calgary’s largest home builders’ association have reached an agreement that could end the group’s 11-day suspension from city committees.
After at least two face-to-face meetings last week, Nenshi and Canadian Home Builders Association’s Calgary president Charron Ungar have drafted a joint statement to resolve their unorthodox dispute.
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Mayor Naheed Nenshi is reprimanding the top Calgary home builders group for speaking out against the city’s planning department.
In a letter sent Thursday, Nenshi informed the Calgary branch of the Canadian Home Builders Association that its members are sidelined from city advisory committees — until its president recants statements he made to an industry dinner last month.
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“Better than expected” is the way many builders and developers described Calgary’s residential market in 2012.
And when asked to gaze into their crystal ball for an outlook on the upcoming 365 days, many are expecting the Stampede City to hold its place as an appealing place for the housing industry.
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EDMONTON – Cold Lake may not have a hospitable name, but Nicole Mansfield warmed to it almost instantly three years ago after her husband’s struggles as a Newfoundland fisherman prompted a move.
Deciding to trade cod for crude, the family of four packed up their $30,000 home on the Atlantic coast and headed to northeastern Alberta, where her husband found work in the oilfield services sector. The decision has resulted in a dramatic improvement in the Mansfields’ income, yet the family soon ran into a new and unexpected financial hassle — finding an affordable place to live.
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The headline number for housing starts was big, exceeding expectations and sending the home builder stocks on yet another tear.
Read more: http://www.cnbc.com/id/49901568
After an active year, home builders across the Prairies may see slower times next year.
But not in Lethbridge.
The Canada Mortgage and Housing Corporation is predicting continued growth in the Lethbridge census area, with more single-family homes built and more resale homes changing hands.
With a significant number of homes listed for sale, the CMHC says it could still be something of a buyers’ market in the city, county and included communities. For apartment dwellers, meanwhile, rents should remain stable.
Read more: http://tinyurl.com/cd4rom7