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Alberta Economic Fundamentals

Condo project largest in Calgary`s history

The following is part of an ongoing series of columns profiling some of Calgary`s condo developers.

For many years, one of the best downtown Calgary development sites along the Bow River was passed over because of contamination.

Fortunately, when Anthem Properties president Eric Carlson walked over the site in 2002, he so fell in love with it, he bought it.

http://www.canada.com/calgaryherald/news/n...df-25695c439163
 
Real estate sales dip

The Central Alberta real estate market was characterized by fewer sales but higher prices during the first three months of this year, compared with the same period in 2007.

Multiple Listing Service statistics released by the Red Deer and District Real Estate Board Co-op Ltd. on Thursday indicate that total the number of homes sold in the region during the first quarter was down 26 per cent from the January-to-March period of 2007.

http://www.albertalocalnews.com/reddeeradv..._sales_dip.html
 
Premier puts shine on Yukon `gold` rush

EDMONTON - Edmonton may have had Klondike Days, but Yukon has the Klondike and the "gold," Yukon Premier Dennis Fentie said Friday.

Today`s gold rush is all about investment opportunities in a business-friendly territory that has some of the lowest personal and corporate taxes in the country, Fentie told a gathering of business people at the World Trade Centre.

http://www.canada.com/edmontonjournal/news...c7-19ac066a46d9
 
Okotoks solar neighbourhood a first for Canada

OKOTOKS - Rising energy costs and environmental concerns are giving a higher profile to conservation, leading many people to seek out renewable energy sources.

Denise Francis has made the switch to solar energy with the purchase of her two-storey home in the Drake Landing Solar Community in Okotoks, just south of Calgary. Constructed by Sterling Homes, in partnership with Natural Resources Canada (NRCan), EnerWorks Inc. and developer United Communities, it is Canada`s first solar community.

http://www.canada.com/edmontonjournal/news...16-f478e4b044b3
 
Neighbourhood`s final phase an urban retreat

EDMONTON - Perched on top of the highest hill in the city, the sweeping skyline vista from Summit Views is one of the many perks of this new development in the Riverbend area of southwest Edmonton.

This joint venture of Melcor Developments Ltd. and United Communities is the final phase of Magrath Heights, and offers 16 quarter-acre lots in an exclusive enclave of the new residential neighbourhood.

http://www.canada.com/edmontonjournal/news...bc-cf6840e2dbf1
 
Housing improves

In Sherwood Park, average prices for standard two-storey homes dropped by 7.1 per cent to $390,000, while detached bungalows and standard condominiums remained unchanged at $360,000 and $310,000, respectively, from the same period last year. The price of a standard two-storey home in the desirable Spruce Grove neighbourhood rose by 6.9 per cent to $405,000, year-over-year, while detached bungalows remained unchanged at $345,000.
In Riverbend/Terwilligar, the price of a standard two-storey property rose by 12.7 per cent to $410,950, year-over-year. The average price of a detached bungalow increased by 2.6 per cent to $390,000, while standard condominium prices dropped by 10.6 per cent to $235,000, year-over-year.
Leduc prices
In Leduc, average condominium prices rose by 9.1 per cent to $240,000, year over-year, while detached bungalows increased by 1.8 per cent to $335,000. Average standard two-storey house prices dropped by 7.5 per cent ($310,000).

http://www.camrosecanadian.com/News/390347.html
 
Residents paying for work

Property owners on Lower Three Sisters Dr. will be getting new sidewalks and gutters on their street, but will be footing half of the bill themselves.

Town council passed third reading of a bylaw to construct a sidewalk, path and curb and gutter on Lower Three Sisters Dr. Residents benefiting from the work will pay for half of the project.

Depending on how much work is done in front of each lot, homeowners will have to pay between $1,484 and $2,527 for the local improvements.
Residents have the option of paying $236 a year over a 15 year period, at an interest rate of 4.5 per cent, or paying the complete lump sum.

http://www.canmoreleader.com/News/389590.html
 
Condo project part of new era in MD

Conditional approval was given to a condominium complex near Springbank that could change the future of residential development in the MD of Rocky View.

The Springbank Creek Condominium complex will be located on the west half of the quarter of land north of Lower Springbank Road and west of Range Road 33.

The development, constructed by Canmore`s Devonian Properties, is planned to contain 42 one-acre lots, along with 22 acres of open space. The eastern half of the quarter is designated for a future private school for the Masters Academy.

http://www.cochranetimes.com/News/389397.html
 
Lengthy wait over for highway twinning

From Thumpers in the north to Lakeland Inn in the south, some major changes are in store for Cold Lake!
On Tuesday, March 25, the City of Cold Lake council adopted a resolution to support a tentative agreement for the twinning of Highway 28 within the city. Improvements under the agreement with Alberta Infrastructure and Transportation include widening the road from 57 Avenue to 10 Street and an upgrade to the intersection at 54 Avenue.

http://www.coldlakesun.com/News/388919.html
 
Construction of railway siding continues

A planned extension of the Chinook siding between western Blairmore and eastern Coleman has commenced.
The siding, which will act as a `turn-off lane` for trains to pass each other on an otherwise impassible single track, is due to be extended approximately one kilometre west, between 88 Street and 81 Street.

http://www.crowsnestpasspromoter.com/News/389759.html
 
Housing market still strong

Real estate in Drayton Valley has typically followed the Edmonton market. Predictions from the Edmonton Real Estate Board suggests a 12 per cent increase over last year`s housing prices. The increase is nothing to get worked up about says Coles. "With all things remaining equal buyers shouldn`t expect anything too crazy," says Coles.
Predictions for this year do not reflect the five-year trend. According to the average selling prices for houses in Drayton Valley values have seen a 52 per cent increase from 2003 to 2007. Statistics from the MLS database also showed a 55 per cent increase in the number of homes sold in Drayton Valley from 2006 to 2007. Malin says a comparison from the first quarter of 2007 to 2008 number of houses sold decreased from 34 in 2007 to 29 in 2008.

http://www.draytonvalleywesternreview.com/...ies/388655.html
 
Dunvegan weir project delayed once more

MD of Fairview council has received notice from the Natural Resources Conservation Board (NRCB) that the hearing for the Glacier Power project at Dunvegan has been postponed for at least another three months.
The letter from the NRCB states that recently federal government representatives contacted the NRCB "advising that a rescheduling of the hearing would assist the fulfillment of federal legal requirements. Consistent with the intent and spirit of the Canada-Alberta Agreement on Environmental Assessment Cooperation, the panel has determined it appropriate to defer the hearing."

http://www.fairviewpost.com/News/389347.html
 
HUB grows to meet demand

The HUB Family Resource Centre has expanded to a second location in Timberlea to accommodate the growing population of young families.
"From Jan. 1, 2007 until March 31 of this year we had about 25,000 visits to the HUB at the downtown location and all its programs such as the HUB on wheels and the park programs in the summer," said executive director Debbie Martin-Cox.

http://www.fortmcmurraytoday.com/Local%20News/390210.html
 
Building `green` homes slowly growing in GP

As awareness of climate change increases, many companies and individuals are turning to "green" technology and options in their daily life. The green movement has even crept into companies focusing their efforts on creating environmentally sustainable homes. The development of environmental homes is a new market, one that is growing slowly in the province and in Grande Prairie.

http://www.gpink.ca/City/388312.html
 
New look for old hotel site

The corner of 4th and Centre streets has been a busy spot lately. Sally Martindale is planning to build a bar and grill on the High River site, which has been vacant for two and a half years. "Now seems to be the right time, so we`re going about it," said Martindale, the owner of the site. "In a sense, we`ve begun."

http://www.highrivertimes.com/News/390396.html
 
Boardwalk set for further expansion

Volunteers have been busy at work on Hinton`s Beaver Boardwalk with phase two of the three-part project getting into gear this year.
In the past few weeks, directional and educational signs have been put into place explaining how to get around the boardwalk and the vital role of wetlands in a larger ecosystem.

http://www.hintonparklander.com/News/388633.html
 
Greenhouse will have to go, condo to move ahead

Parks Canada has decided that the Home Hardware greenhouse will have to be altered, otherwise it will have to go. On the other hand, the 10-unit apartment building construction plan at the corner of Connaught Drive and Bonhomme Street can proceed with further developments.

http://www.jasperbooster.com/Headline%20News/389645.html
 
Leduc County clears way for highway widening

The widening of SH 625 in Nisku to a multi-laned facility took one step closer to fruition April 1 when Leduc County voted to sell 11 municipal reserve lots to Alberta Infrastructure.
Totalling 11.46 acres, the lots along the north and south sides of the highway stretch from 4th Street to 9th Street within Nisku.

http://www.leducrep.com/News/389988.html
 
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