Greatest Boom Ever

Australia’s housing shortage is set to deepen as small builders warn hiring and training apprentices has become too great a financial risk.       Read more: https://tinyurl.com/4ck4e66k  

    Alberta is embarking on an ambitious transportation overhaul with a multi- billion dollar investment designed to enhance safety, improve traffic flow, and strengthen economic corridors across the province. The 2025 budget allocates a substantial $8.5 billion over three years for transportation and economic corridor projects, marking a $333.7 million increase from the previous year's funding 1 2 3 . This significant investment demonstrates the government's commitment to building critical infrastructure that supports job creation and economic growth while addressing the needs of Alberta's growing population 5,6 .   Major Highway Corridor Developments   A substantial portion of this funding—$2.6 billion—is dedicated to planning, design, and construction of major highway and bridge projects 7. Key initiatives include the twinning of Highway 3 from Taber to Burdett and Highway 11, along with major upgrades to Deerfoot Trail in Calgary and Highway 881 4,7 . Thes...

In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends.        Read more: https://tinyurl.com/53cxtczw  

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León, Head of Geopolitical Analysis at Rystad Energy, has projected on CNBC's Squawk Box Europe.       Read more: https://tinyurl.com/23895e7b     

Canada’s infrastructure is aging faster than it’s being maintained . The debate about how to address it is stuck. Not because the problem is unsolvable, but because we keep treating a systems failure as a funding debate.     Read more: https://tinyurl.com/ymfkm4en     

A Sturgeon County developer says he’ll try again after county council defeated his revised plans for the Pinnacle Village subdivision in the Sturgeon Valley last week.     Read more: https://tinyurl.com/5yntjx3v  

South Australia has again proven to have the strongest-performing property market in the country, as prices across the state continue to climb, and regional SA notches up the nation’s biggest growth over the past month.       Read more: https://tinyurl.com/mrrzjrpt