Posts

‘Declare everything’: Why it may be harder to get a mortgage right now (Australia)

Prospective home buyers seeking loans are still challenged despite lower property prices, as banks run the ruler over living expenses, sticky rates constrain borrowing capacity and settings for investor lending change, mortgage brokers say.       Read more: https://tinyurl.com/yn9ejw5w     

Intersection reopens as part of Capital Line South LRT extension (Edmonton)

The intersection at 12 Avenue west of 111 Street reopened on Tuesday after a 10-week closure.       Read more: https://tinyurl.com/3c76c4wn    

Asia wants more Canadian oil, but Alberta's only pipeline to the coast is running out of room (Canada)

The federal Crown corporation that owns Alberta’s only pipeline to the Pacific Ocean wants to reserve more space for companies that sign long-term contracts, but it’s already filling up.       Read more: https://tinyurl.com/yc5rzn5w     

Riverbend residents still railing against city's plans to widen, extend Riverstone Road S.E. (Calgary)

Residents in the southeast community of Riverbend are still voicing objections to the city’s plan to widen their road and extend it east to connect to a future transit-oriented development and Green Line station just west of 24th Street S.E.       Read more: https://tinyurl.com/5cybdy29  

Chinatown Business Improvement Area audit finds issues for second year (Edmonton)

A business advocacy group has been flagged for insufficient financial records for the second year in a row, but members say it’s mainly because of unfinished projects affecting the books.       Read more: https://tinyurl.com/3jk8v7uz     

Even in tariff-sheltered Alberta, businesses uneasy about new levies (Alberta)

While experts see the latest U.S. tariff threat targeting nearly $29 billion worth of Canadian goods as a tough bargaining chip rather than a genuine move, they still caution businesses to keep their guard up.       Read more: https://tinyurl.com/5bbb39fv      

Mortgage rates finally stop rising, causing demand to trickle back (United States)

After five weeks of gains, mortgage rates fell very slightly last week. That was enough to bring a bit of demand back to the market.       Read more: https://tinyurl.com/2pt9j7n8  

Province mulls subsidy options to attract regional air service (Medicine Hat)

Minister of Transportation Devin Dreeshen said the province is considering using government subsidies to help attract a new provider for regional air service in southern Alberta.       Read more: https://tinyurl.com/ey9y5wmy      

Medicine Hat receives multi-million-dollar investment as part of nationwide TELUS expansion (Medicine Hat)

TELUS is in the midst of a major nationwide expansion, including new funding coming to Medicine Hat.       Read more: https://tinyurl.com/a3suxt3n     

Traffic goes ’round at new College Drive roundabout (Lethbridge)

“We’ve relocated one of the bus stops, to reduce crossings and make the intersection even safer thanks to the feedback we got from people,” said Dudley.       Read more: https://tinyurl.com/ydvxar5x     

House prices fall in Labor’s marginal seats as downturn spreads (Australia)

House prices have begun falling in dozens of Labor’s marginal seats as the property downturn spreads beyond the most expensive suburbs in Sydney and Melbourne, with buyer appetite sapped by successive interest rate rises and changes to tax concessions for investors.       Read more: https://tinyurl.com/4mzcbyjv     

Edmonton looking to tax incentives to expand density near transit hubs (Edmonton)

Edmonton is set to clear the 1.25 million population threshold this year — if it hasn’t already — and urban planners are looking to tweak the city’s long-term development planning to prepare for the next quarter-million newcomers by expanding incentives for infill development to non-residential projects.       Read more: https://tinyurl.com/33bju8zv     

'Once in a generation opportunity': City Centre mall's saviour says transformation will take time (Edmonton)

Walk through the doors from Commerce Place into the Edmonton City Centre mall, and you’re greeted with the sharp scent of urine. On ground level of the shopping centre’s west side, the number of retail spaces that are papered overwhelm the places that are in business. It feels like mall security and peace officers outnumber the shoppers.       Read more: https://tinyurl.com/4avmrwra      

Braid: Smith bets that Alberta will soar on the wings of massive data centres (Alberta)

Premier Danielle Smith made several major promises about massive AI data centres in a video Tuesday.       Read more: https://tinyurl.com/4n8crvt5