Greatest Boom Ever

Calgarians seeking to rent in July likely felt less pressure on their bank accounts. A new report from online rental marketplace Zumper.com revealed average rents declined year over year, and remained largely flat from this past June.       Read more: https://tinyurl.com/bdemkuyc          

The city’s new homes market saw a dramatic decline in activity to cap off the first half of the year, a reflection of decreasing demand and rising supply. Canada Mortgage and Housing data from June 30 shows starts fell 22 per cent year over year in Calgary with 11,351 new units in the first six months.       Read more: https://tinyurl.com/32ks7wz3  

One million barrels per day.       Read more: https://tinyurl.com/42uz63rz  

Calgary is trending toward becoming a renter’s market as record new multi-family construction has dramatically increased supply just as migration moderates after the post-pandemic population surge.       Read more: https://tinyurl.com/3new6cdw     

At seven per cent, Alberta’s unemployment rate is higher than the national average of 6.5 per cent. It’s higher than every other province except New Brunswick, Prince Edward Island and Newfoundland and Labrador.       Read more: https://tinyurl.com/y7hjjwux     

Edmontonians seeking to rent a place to live are seeing greener pastures as more new units come to the market just as the city’s population boom wanes.     Read more: https://tinyurl.com/23czkrne     

The Town of Valleyview has released the design for the future Highway 43 and Highway 49 intersection.       Read more: https://tinyurl.com/yam55hnj     

Rocky View County is pausing four recreation projects, including two in Springbank , as they develop a county-wide recreation strategy.     Read more: https://tinyurl.com/abtssm8y  

Darwin has now become Australia’s fastest-growing capital city for housing, as new data reveals a massive sales turnaround for the Northern Territory.       Read more: https://tinyurl.com/mhvh6rx6  

Earlier this month, Alberta celebrated one of the most significant technology investment announcements in its history.       Read more: https://tinyurl.com/26arhwbe  

Things got hot in Canada’s largest city this month, not just in apartments with no air conditioning but at Toronto city hall, where councillors debated the need for a maximum indoor temperature.       Read more: https://tinyurl.com/2taafsus  

It’s a case of momentum building upon itself.       Read more: https://tinyurl.com/y73xbas6        

A major Calgary park redevelopment has reached its next phase, with construction moving forward on several new amenities.       Read more: https://tinyurl.com/2sc7bdya     

Calgary-based Precision Drilling Corp. posted higher second-quarter revenue as rising oil prices fuelled a spike in drilling activity in Canada, but its international division struggled with challenges during conflict in the Middle East.       Read more: https://tinyurl.com/3hh9nvb7