Greatest Boom Ever

OPEC is sticking to its view that the oil market will remain relatively tight through next year, with demand growth expected to continue outpacing non-OPEC+ supply additions despite months of war-related disruption and elevated prices.       Read more: https://tinyurl.com/4fcr87jf     

Alberta’s economy is staying the course despite uncertain tariff policies from the United States and the impact of the U.S and Israel-Iran war on global oil supply, according to a new report released Thursday.        Read more: https://tinyurl.com/4h9bwrm7  

The City of Edmonton has launched a new plan aimed at attracting global investment and developing a thriving local economy, but critics say the strategy doesn’t go far enough to achieve those goals.        Read more: https://tinyurl.com/mmv79saf       

The trend of falling prices and sales in Calgary’s resale real estate market continued in May. Calgary Real Estate Board statistics for the month show resales fell nearly 16 per cent year over year with 2,162 transactions.       Read more: https://tinyurl.com/4d3nzts5  

Taxpayers who filed requests to make changes to their income tax returns may be waiting up to 47 weeks for those changes to be processed by the Canada Revenue Agency, according to a watchdog.       Read more: https://tinyurl.com/2h5kmn9f  

Calgary’s surrounding communities’ resale real estate markets saw a mix of results in May with some municipalities seeing growth while others struggled to see gains in prices and sales.       Read more: https://tinyurl.com/3k4fhb9r  

The City of Edmonton is configuring options for its bus rapid transit, also known as BRT, routes down Whyte Avenue ahead of changes to the busy Old Strathcona central strip.       Read more: https://tinyurl.com/yc793w8z    

Canada’s oil and gas sector is facing a major hiring challenge.       Read more: https://tinyurl.com/4262v24h    

The Alberta government’s frontman on AI says the province could see shovels in the ground for some large-scale data centres by the end of the summer.       Read more: https://tinyurl.com/3x8zrny2  

The Government of Alberta has released a Passenger Rail Master Plan that aims to better the connect the province.         Read more: https://tinyurl.com/585258jy    

Clearwater County council has backed down on a proposal to scrap two Nordegg-area tourism development nodes — instead opting for a future amended bylaw.         Read more: https://tinyurl.com/4kwfshtd     

Red Deer city council has approved amendments to the Land Use Bylaw that allow house suites (secondary suites) in duplexes throughout most areas of the city where duplexes are already permitted.       Read more: https://tinyurl.com/mrxe9e68  

Stubborn sellers and nervous buyers are responsible for a sharp increase in the number of Australian homes languishing on the market for six months or more, experts say.       Read more: https://tinyurl.com/eu48uasn      

As a surge in housing demand during 2023 and 2024 pushed rents in Calgary to astronomical heights, institutions at all levels prescribed what they deemed to be a panacea — more supply.       Read more: https://tinyurl.com/46cs9vnr