Greatest Boom Ever

Tuesday’s rate pause may have come as a relief to many, but home buyers in Perth still need to earn $16,500 more than they did in January to afford a typical mortgage in the western capital.       Read more: https://tinyurl.com/ycx7zxu6  

Renter interest in Edmonton is on the decline, with a new report showing the city dropping out of the top 10 nationally for the first time in a while.       Read more: https://tinyurl.com/yc89swmu       

Between December 2019 and December 2025, Canadian home insurance premiums spiked by 45 per cent, with passenger vehicle insurance premiums rising 23.9 per cent — and the reason is due to extreme weather claims, according to Statistics Canada.     Read more: https://tinyurl.com/4sxtrh5t         

The Calgary International Airport is preparing for another record-breaking summer travel season despite tempered demand for air travel tied to fuel surcharges on flight bookings in recent months.         Read more: https://tinyurl.com/bdh8cpvj     

After the oil price crash of 2014-15, global energy majors like BP ( NYSE:BP ), Chevron ( NYSE:CVX ), and TotalEnergies ( NYSE:TTE ) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable.       Read more: https://tinyurl.com/jvb8vur2     

Recent immigrants to Canada are increasingly becoming homeowners, with new data from Statistics Canada showing that homeownership rose between 2018 to 2021, even as rates declined among Canadian-born individuals.       Read more: https://tinyurl.com/u4tcrffc     

A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers. Total mortgage application volume fell 3.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.     Read more: https://tinyurl.com/2xumyb8v  

Home prices in Medicine Hat are climbing year over year, but prices in the surrounding area are not keeping up.       Read more: https://tinyurl.com/2ekwvhk3     

The back-and-forth over the fate of the Green Line LRT project in downtown Calgary took another turn recently, with municipal politicians looking for ways to potentially revive the tunnel option rejected by the province.       Read more:   https://tinyurl.com/3yv43thj     

It’s impossible to miss Jay and Val Gendall’s house — it’s the one with the bright red “STOP” sign and a warning about the multi-plex planned next door. But their message and similar ones are now grabbing the attention of politcal leaders across all orders of government.  a     Read more: https://tinyurl.com/3vfaje2a  

It’s a surprise but it is what it is. He quit the fight before it started.       Read more: https://tinyurl.com/2s45u8pt          

The Canadian Real Estate Association says home sales in May were down compared with a year ago, but there was “meaningful upward momentum” month-over-month for the first time this year.       Read more: https://tinyurl.com/mr7wztu9  

Growth, recreation delays, housing density, taxes and infrastructure were all on the table Monday night as Airdrie residents brought questions directly to Mayor Heather Spearman, city council and senior city staff.       Read more: https://tinyurl.com/49sw89j7     

The total number of house sales in Red Deer decreased in May.       Read more: https://tinyurl.com/5v5rkjd8