Greatest Boom Ever

For the fourth time in two years, Calgarians are being asked to curtail their water consumption as work continues to replace a crucial but decrepit pipe once described by the mayor as a ticking time bomb.       Read more: https://tinyurl.com/udpmfww7     

Just as Edmontonians endured the first significant snowfall of the year, a different kind of chill fell over the Canadian investment world.       Read more: https://tinyurl.com/s6kxz5zh     

October sales slowed to 1,592 units, contributing to a year-to-date decline of nearly 11 per cent. While sales have slowed this year, much of the decline was driven by steep pullbacks in resale apartment condominiums and row-style units. Although sales have fallen across all property types, we have seen a pickup in sales of homes that are priced above $1.5 million, which account for less than four per cent of all sales activity.       Read more: https://tinyurl.com/49wwx9xt     

A new poll suggests Calgary Mayor Jeromy Farkas continues to enjoy strong public support one year into his term, though a majority of residents still feel City Hall is disconnected from the needs of citizens.       Read more: https://tinyurl.com/56m3nbk2  

Jobs in Fort McMurray start early. At 6 a.m. the sky is still dark, and the dining area of the hotel is already full. A television blares the morning news, and the men sit apart at separate tables, heads down, in bulky winter coats with safety vests pulled over them, shovelling in their breakfast.         Read more: https://tinyurl.com/bdd4w4fx     

A year after forecasting that oil demand would keep rising until 2040, TotalEnergies has moved its peak forward to between 2035 and 2040, and says the Iran war could accelerate the energy transition.       Read more: https://tinyurl.com/4vdzzbn5     

Property taxes are likely going up the next four years in a row in Edmonton.       Read more: https://tinyurl.com/mrzkxm84  

An all-but-certain rate rise this month will take its toll on Australia’s office market, particularly in Melbourne, where the post-pandemic recovery is slower than in Sydney.       Read more: https://tinyurl.com/4w3rzp3r  

With Alberta’s referendum behind us, attention has turned to the Pacific Link pipeline. Listed as a project of national interest on October 1, the line would run roughly 1,250 kilometres from Bruderheim , Alta., to a terminal at Roberts Bank near Delta, B.C., carrying one million barrels a day. Shovels could turn as early as September 2027 but first oil is not expected until the early-to-mid 2030s.       Read more: https://tinyurl.com/5uczfecy    

Falling home values were supposed to help buyers break into the market – but four interest rate rises this year have cut into borrowing power and pushed repayments higher, with new research showing Sydney singles on an average salary can afford homes in zero per cent of suburbs.   Read more: https://tinyurl.com/2uzf9swz  

Recreation and sport are critical to any great city. They give people a place to move, connect and belong, and teach skills as fundamental as learning to swim. They are not a luxury; they are core infrastructure, as essential as the roads and transit Calgary funds without hesitation.       Read more: https://tinyurl.com/2vbfb633     

Before the Strait of Hormuz became a kitchen table conversation, we never heard much talk about shipping “choke points.”       Read more: https://tinyurl.com/4y39ywa4     

The former home of Calgary’s Central Library could soon get a second life as a health-care training hub, with Bow Valley College moving forward with plans to acquire the historic downtown property.       Read more: https://tinyurl.com/4xmwf5au      

Foothills County is seeking public input as it updates a plan that will govern growth and development over the next two decades.       Read more: https://tinyurl.com/mt3884ad  

A national buyer’s agent and property investor warns renters to brace for more hip-pocket pain as rent rises outpace the rate of inflation in most Geelong suburbs, new data shows.       Read more: https://tinyurl.com/2h5nfefj