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April 2012 Prairie Economic Fundamentals

Ally

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News articles for April 2012.
 

Ally

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Saskatchewan's job engine hits high gear




Alberta's labour market may garner most of the country's attention ` but Saskatchewan's employment performance in recent years is plain astonishing.




The Prairie province currently ties with Alberta for the lowest jobless rate in the country, at 5 per cent. Payroll employment soared 2.8 per cent between January of this year and the same month a year earlier, the second-fastest provincial growth rate after Alberta and nearly double the national rate.




To back up a bit, in the 2008-09 recession ` at a time when employment tumbled 2.8 per cent nationally ` payrolls in Saskatchewan actually rose, climbing 0.4 per cent.





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Winnipeg's downtown jewel prepares to shine




ONE of the crown jewels in the efforts to revitalize Winnipeg's downtown had its coming-out party today.




A host of local dignitaries, including Premier Greg Selinger and Mayor Sam Katz, were on hand this morning for the grand opening of the redeveloped Avenue Building at 265 Portage Ave.





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Future looking brighter for Manitoba job seekers




WINNIPEG ` The future is looking a little brighter for Manitoba job-seekers, according to the results of a new help-wanted survey.




The Conference Board of Canada said Monday that it`s most recent monthly survey of 79 Canadian job-posting websites showed an increase in postings for Manitoba in February.




It said Manitoba`s help-wanted index advanced by 1.4 points during the month, ` its fourth consecutive monthly gain. And Canada`s index saw an even bigger gain, rising 4.3 points for its third significant increase in the past four months.





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Welcome to Winnipeg's southwest transitway





Total cost of construction for this first phase: $138 million or about $38 million per kilometer for the 3.7 km length.
[*]-Buses travel up to 80 km per hour, saving commuters an average of 10 minutes travel time.
[*]-In all the Transitway affects 18 current bus routes, 13 of which will use all or part of the corridor.
[*]-Planners hope phase of rapid transit will increase ridership by 15 to 20 per cent.
-Phase two will extend the corridor another six kilometers to U. of M. but there's no definite date for completion.
-Buses coming north along Pembina Hwy enter the corridor here.




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Winnipeg White Ridge apartment plan clears first hurdle




WINNIPEG -- City council's Assiniboia community committee has approved a Whyte Ridge apartment complex that has been met with resistance from some residents in the southwest Winnipeg neighbourhood.




On Tuesday night, Couns. Grant Nordman (St. Charles), Scott Fielding (St. James) and Paula Havixbeck (Charleswood) voted unanimously to approve the construction of an 84-suite apartment building and eight townhouses on a plot of vacant McGillivray Boulevard land, Nordman said Wednesday morning.





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Regina University makes changes to residence policy





Life is about to change for hundreds of University of Regina students. Many will no longer be able to live on campus. The university has changed the way it admits students into residency, by giving priority to those starting their first year. CBC's Dean Gutheil has the story.






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Construction starts on almost 200 rental units in Winnipeg




LOCAL renters have something to cheer about after Winnipeg homebuilders banged out the highest number of first-quarter rental-unit starts in more than two decades.




Housing-start figures released Wednesday by Canada Mortgage and Housing Corp. show builders broke ground on 193 new units in the Winnipeg Census Metropolitan Area (CMA) during the first three months of this year.




Not only was that a huge improvement over 2011's first-quarter total of 34, it's the highest Q1 total since at least 1991, said Dianne Himbeault, CMHC's senior market analyst for Manitoba.





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Saskatoon business feels the pressure of labour shortage






It's clear that Saskatchewan needs more skilled workers and extending the search to outside the country appears to be the quickest solution.




"There's a lot of demand for our product around the world and so we're seeing a lot of growth," said Casey Davis, CEO of Morris Industries, a farm manufacturing company based in Saskatoon.




There are over 11,000 job postings on saskjobs.ca -- the website received more than one million hits last month. A recent survey by the Saskatchewan Chamber of Commerce sites a shortage of skilled workers in the province as the number one issue business owners are facing.





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New Blackstone condominium slated for Prince Albert




Prince Albert is set to become the home of a 194-unit condominium development currently being constructed at 1501 15th St. E.




An open house was held on Sunday to showcase the development, which is being built in two phases. The first phase is the construction of a four-storey, 131-unit building named Blackstone, which includes heated underground parking and elevator access. The ground for the building was broken about one month ago and buyers should be able to take possession of their condo in January.




The Blackstone development will feature one and two-room units that will range in space from 696 square feet to 1,065 square feet. The lowest cost for a unit at the condominium has been set at $164,000.



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