Background Image

May 2014 Alberta Economic Fundamentals

Discussion in 'Alberta News' started by Ally, May 1, 2014.

  1. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    News articles for May 2014.
     
  2. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Canada must prepare for changing U.S. energy demands





    MISSISSAUGA, Ont. ` Greg Rickford, Canada`s new natural resources minister, is focusing on energy security and aboriginal engagement as cornerstones of Ottawa`s strategy to push through big-ticket pipeline projects such as Keystone XL.





    `There are some big boxes to lift there,` he said in an interview Friday after speaking to a business audience in Mississauga, Ont.





    Read the full article here.
     
  3. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Hinton mayor says Coalspur Mine a spark for growth





    EDMONTON - Hinton`s business-minded mayor is optimistic and cautious as he waits to learn if a proposed $870-million thermal coal project will proceed on the town`s doorstep.





    Coalspur Coal Ltd.`s flagship Vista project would create 500 permanent jobs, boosting Hinton`s population along with demand for housing and other development.





    Read the full article here.
     
  4. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Downtown arena prompting more development


    Construction on the new downtown arena may be drawing new businesses to the area with a five-per-cent rise in development applications since January.





    "We are seeing unprecedented growth," said city planner Duncan Fraser. "It's something that our community is not used to. It's never seen before."





    Read the full article here.
     
  5. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Robust demand for Calgary industrial real estate market





    CALGARY - The Calgary industrial real estate market was very active during the first quarter of this year but despite this activity, vacancy only decreased by three basis points and now sits at 5.79 per cent, according to a report by Colliers International.





    Absorption, which is the change in occupied space, was strong during the quarter at 515,536 square feet.





    Read the full article here.
     
  6. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Calgary luxury home market sets another record





    CALGARY - Chalk up another monthly record for Calgary`s booming luxury home market.





    According to Mike Fotiou, associate broker with First Place Realty, the city has already established the record for MLS sales in April of properties sold for more than $1 million as 65 transactions took place during the month between April 1-26. That eclipses the previous April record of 64, which was set last year.





    Read the full article here.
     
  7. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Edmonton approves 2014 property tax increase





    EDMONTON - City council approved a property tax bylaw Tuesday that will see Edmonton take in $1.2 billion worth of taxes this year.





    Although the total increase is 4.9 per cent, on average homeowners will pay an extra 4.4 per cent, or $127, and walk-up apartment suites are dinged 9.4 per cent, or $77.





    Read the full article here.
     
  8. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Foreign worker moratorium creates concern in Bow Valley





    The federal government`s moratorium on hiring temporary foreign workers for restaurant jobs has caught the local tourism industry off guard, causing concern as Banff heads into the busy tourist season.





    The temporary ban comes of the heels of a fresh series of abuse allegations of the controversial temporary foreign worker (TFW) program, which was originally designed to address shortages of skilled workers, not to create menial labour or push Canadians out of jobs.





    Read the full article here.
     
  9. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Banff looks to address housing crunch





    The Town of Banff plans to continue tackling its housing crunch in the face of the high cost of housing.





    Sales data indicates residential sales and prices were up in 2013, with seven homes selling for more than $1 million, while a provincial government survey indicates Banff had a zero rental vacancy rate last year and some of the highest rental rates in the province.





    Read the full article here.
     
  10. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Record setting single family home sales in Edmonton





    1048 single family homes sold in Edmonton in April, up 15.9% from last April, and the most we've seen in the month of April since I've been keeping track (2005). And while there are many stories of multiple offers and homes selling for thousands over list price, the majority of listings are selling in the usual way, with conditions, inspections, appraisals and all the other steps that help buyers make good decisions. When the market peaked, back in 2007, we saw the average list to sale price ratio for single family homes soar over 99%, when it typically sits around 97%, today it sits at 98.3%.









    Read the full article here.
     
  11. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Momentum building in Calgary downtown office market





    CALGARY - The Calgary downtown office market saw significant momentum in the the first quarter of this year with a dozen deals of more than 20,000 square feet.





    `This is a great sign overall,` said Joe Binfet, managing director/broker of Colliers International in Calgary.





    Read the full article here.
     
  12. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Calgary MLS sales and prices rise from last year





    CALGARY - Calgary`s resale housing market continued to experience increased sales and prices in April compared with a year ago.





    Statistics released by the Calgary Real Estate Board on Thursday indicate total MLS sales in the city rose by 7.07 per cent from last year to 2,545 units for the month. New listings were also up 8.03 per cent to 3,754 but active listings at the end of the month remained down 13.10 per cent to 3,794.





    Read the full article here.
     
  13. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    "Bitumen Bubble" deflates, boosting bottom line for Canadian crude producers





    CALGARY ` Better market access is delivering better prices for Canadian heavy oil, Calgary-based producers Imperial Oil Ltd. and Baytex Energy Corp. confirmed as they presented first-quarter financial reports on Thursday.





    The companies continued a theme established earlier this week by oilsands producers Cenovus Energy Inc. and MEG Energy Corp., noting that market transportation bottlenecks that caused heavy-light oil differentials to rise have eased and may further moderate this year.





    Read the full article here.
     
  14. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Calgary region nears $450 million in building permit value





    CALGARY - The value of building permits in the Calgary region reached $448.8 million in March, according to Statistics Canada.





    The total value in the Calgary census metropolitan area rose by 4.93 per cent compared with February but was down 18.7 per cent from a year ago.








    Read the full article here.
     
  15. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Poll finds Calgary homeowners expect to make a lot of money when they sell





    CALGARY - The average Calgary homeowner is expecting a 47 per cent return on investment on their property, according to a new poll released Tuesday by BMO.





    The report said 33 per cent of Calgary homeowners believe their property has doubled in value from the time of purchase.





    Read the full article here.
     
  16. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Is it time for Edmonton to establish a greenbelt to stop urban sprawl





    EDMONTON - Private companies could be hired to build a bank of wetlands and developers could buy a share as a new way for the cities to conserve bird-friendly marshes and swamps destroyed by urban sprawl.





    Or maybe it`s time Edmonton considered setting up a greenbelt on its borders to stop sprawl and preserve valuable farm land about to be gobbled up, for instance, in the city`s proposed annexation into Leduc County.





    Read the full article here.
     
  17. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Italian Ambassador: " I think Alberta is the future"





    EDMONTON - Italy`s goal of diversifying its global energy supplies could eventually pave the way for crude imports from Alberta`s oilsands.





    In an interview Monday with the Journal, Gian Lorenzo Cornado, Italy`s ambassador to Canada, said his country will consider importing crude from Alberta if TransCanada`s proposed $12-billion Energy East pipeline gets built.





    Read the full article here.
     
  18. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Canada job grant coming to Alberta





    On Mar. 21, our federal government and the provincial government signed a deal to bring the Canada Jobs Grant to Alberta.


    This is great news for job seekers, who will have better access to training that leads to real, guaranteed jobs. It is also good news for Alberta`s economy, because the Canada Job Grant will help employers train the modern workforce needed to help their businesses grow and succeed.





    Read the full article here.
     
  19. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Ambitious industrial park to break ground in Edmonton this summer





    EDMONTON - Edmonton`s downtown building boom gets a lot of positive media attention, as you`d expect.





    The splashy new downtown arena, the new Walterdale Bridge, the growing forest of stylish new condo and office towers, and the new Royal Alberta Museum are quickly transforming the public face Edmonton presents to the world.








    Read the full article here.
     
  20. Ally
    Offline

    Ally Research Assistant Registered

    Messages:
    16,745
    Likes Received:
    70
    Trophy Points:
    48
    Calgary new home price tops Canada





    CALGARY - The Calgary region continued to experience the biggest hikes in new home prices in March, leading the country, according to Statistics Canada.





    The federal agency reported Thursday, through its New Housing Price Index, that prices in the Calgary census metropolitan area rose by 0.8 per cent on a monthly basis and by 7.5 per cent year-over-year.





    Read the full article here.
     

Share This Page