Tag Archives: housing

Housing production slows in McMurray

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Despite a growing population in the Regional Municipality of Wood Buffalo, the fourth quarter housing numbers show production being down for the second consecutive year.

“Continued oil sands development and increasing employment opportunities continue to attract migrants to the region. However, land and other resource constraints, along with rising prices, have slowed housing production,” reads an executive summary from the Canada Mortgage and Housing Corporation.

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Edmonton home starts to moderate

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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.

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Planning underway for hiring, highways and housing

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It’s a big step for Alberta, and a tale of success for Sturgeon County.

Last Wednesday, Sturgeon County’s Economic Development Board fall business breakfast celebrated the sanctioning of a $5.7-billion Phase One bitumen refinery in Sturgeon County.

The North West Redwater Partnership Refinery will be built and operated by North West Upgrading and Canadian Natural Resources (CNRL).

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Alberta economic snapshot for Nov. 24, 2012

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CALGARY, AB, Nov. 24, 2012/ Troy Media/ – Aside from the unemployment rate and data reporting new jobs created, another important indicator of the labour market is Statistics Canada’s report on Employment Insurance beneficiaries. The latest numbers confirm what most of the other labour reports are showing: Alberta is still the place to be for job seekers.

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Housing demand to continue strength

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As total construction starts of homes of all kinds rises in 2012 to what is expected to be the highest level in five years, demand for housing in the Calgary area will likely remain strong through 2013, predicts a federal agency.

“For 2012, this will be actually the highest number of total housing starts since 2007,” says senior market analyst Richard Cho of Canada Mortgage and Housing Corp.

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Calgary’s Housing Market Remains Immune to Chills across Canada

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According to the Teranet-National Bank Composite House Price Index,Canada has recently cited the largest price drop since November, 2010. In September, the HPI plunged 0.35% from previous month. A significant price drop was observed in six major cities including Vancouver and Montreal. Meanwhile, CTV reports that the official stats to point out a completely contrasting situation in Calgary where housing demands and prices are increasing simultaneously.

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No U.S.-style housing crash for Canada: report

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While many concerns stem from the Canadian housing market, it will not see an American-style crash, a new Canadian Imperial Bank of Commerce report says.

House prices will likely fall north of the border in the next year or two, but a number of factors are likely to mitigate the impact on borrowers and the broader economy here, it suggests. It forecasts that the Canadian market will likely go through a soft landing, which is exactly what policy makers in Ottawa are hoping.

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Seniors get first detailed look at new lodge

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FORT SASKATCHEWAN – City residents got a closer look at the building that is to replace Dr. Turner Lodge and were given some clues as to what they might find inside during an update given by the Fort Foundation.

“One of the things we keep getting asked is when will it be built,” said Ken Fearnly, the project manager for the development.

“The design work is about 60 per cent done, we expect to put to tender sometime in January with construction to begin in March or April and we expect to be open in the fall of 2014.”

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Fight continues over subsidized inner-city housing

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EDMONTON- Mayor Stephen Mandel says he has serious doubts that a proposed freeze on building subsidized housing in five low-income, inner-city neighbourhoods would help revitalize these communities or reduce crime.

“It don’t see what this will do to change the communities,” Mandel said Monday. “I think we’ll end up creating more problems.”

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