Greatest Boom Ever

Those commuting to and from St. Albert and northwest Edmonton along LeClair Way should expect delays for the remainder of the year.       Read more: https://tinyurl.com/mrybjswt     

St. Albert city council has said no to expanding infill development, as the city continues to grapple with growth.       Read more: https://tinyurl.com/46yrhdc4    

Mortgage rates last week rose to the highest level in nearly three years. That kept demand for both refinances and home purchases on their steep and steady decline.       Read more: https://tinyurl.com/3s96ht3f  

Victoria’s Covid Debt Levy land tax scheme was on track to come up almost $1bn short of forward estimates within its first four years, before being clipped on the weekend.       Read more: https://tinyurl.com/yvndnvb3     

Emera Inc. and Canadian Utilities Ltd. are joining up in an all-stock merger, forming an energy “powerhouse” worth $72 billion that would rank among the continent’s largest utilities, with the scale necessary to seize opportunities from skyrocketing power demand.       Read more: https://tinyurl.com/59rv9v8d     

A new shopping plaza located on Baseline Road and Broadmoor Boulevard in Sherwood Park has had a lineup of new restaurants announced, with some old faces returning and new eateries coming to the Edmonton area.       Read more: https://tinyurl.com/ycxybm3w  

      After years of breakneck growth and unprecedented migration, Alberta's housing market enters 2027 at a crossroads. The province that once offered Canada's last affordable urban refuge is confronting a new reality—one where "relative affordability" may no longer be enough.   The Current Landscape Entering 2027   Calgary and Edmonton spent 2024–2026 absorbing population shocks that infrastructure couldn't match. Interprovincial migration from Ontario and British Columbia flooded the market with demand while construction lagged 18– 24 months behind. The result? Price appreciation that eroded Alberta's historical advantage.   By late 2026, Calgary's benchmark price approached $600,000—still below Toronto and Vancouver, but no longer the bargain it once was. Edmonton maintained better value, hovering around $425,000, while rural Alberta saw speculative interest from remote workers and investors.   Interest Rates: The Wild Card   The Bank of Ca...