Greatest Boom Ever

The Canada Mortgage and Housing Corporation (CHMC) — the federal Crown corporation in charge of monitoring and financing housing in this country — reported that Ottawa fell well short of its goal of assuring 500,000 new housing units in by 2030.   Read more: https://tinyurl.com/3euztet9    

City council will receive a detailed report on the new off-site levy bylaw during a closed meeting, Monday however no recommendations to council or decisions made will result.       Read more: https://tinyurl.com/3h6byfxc    

Asking rents are rising in some of Victoria’s lesser-known regional towns as an exodus of investors reduces already limited rental stock.       Read more: https://tinyurl.com/fcvyndtz  

Edmonton is on the verge of another housing boom.       Read more: https://tinyurl.com/33mfkzs6  

Canadian oil producers are set to unleash “epic” third-quarter financial results in the coming weeks, powered by supercharged energy prices, setting the table for a potential debt-free twist.       Read more: https://tinyurl.com/mu63bd44    

Eight days after Premier Danielle Smith decreed Edmonton city council must rescind its zoning bylaw, councillors are still at a loss as to how to implement her orders.       Read more: https://tinyurl.com/mtm787ah    

An unusually warm weather pattern building in the Pacific Ocean is expected to give North America its mildest winter in modern memory, potentially cutting natural gas heating demand and squeezing revenues for producers and royalties for gas-producing provinces.       Read more: https://tinyurl.com/4c2bx6ma    

In the pursuit of good infill, the City of Edmonton has hired architects to lead by example.       Read more: https://tinyurl.com/54me2vhy  

The Canadian Real Estate Association (CREA) has revised down its projection for 2026 home sales again, while monthly data shows sales across Canada fell in September.       Read more: https://tinyurl.com/yrjv9psr    

A $37-million interchange project at Airport Trail and Stoney Trail NE has partially opened to traffic, with the investment also linked to future development plans in eastern Rocky View County.       Read more: https://tinyurl.com/5dvnwr58    

Emaar founder Mohamed Alabbar speaks to CNBC’s Dan Murphy at the RISE Summit in Dubai, weighing in on the state of business and the property market eight months into the regional war.       Read more: https://tinyurl.com/5dkjvedc    

Graeme Pollock was on board when his agent suggested advertising the reserve price before the auction of his Gladstone Park house, keeping in mind his daughter Kate Adams’s own disappointment in the property market.   Read more: https://tinyurl.com/3eyyjbbm    

Sellers in Calgary’s resale real estate market may be asking themselves where all the buyers have gone as the city’s economy remains strong, but sales continues to trend downward.   Read more: https://tinyurl.com/yc4ea6bv      

Today, across Canada, we are seeing a very large gap between fixed and variable mortgage rates.       Read more: https://tinyurl.com/8svt4kse