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Alberta January 2013 Economic Fundamentals

Ally

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Calgary at bottom of list of walkable cities in Canada




A new ranking of the most walkable cities in Canada is reflecting poorly on how Calgarians get around.




Walk Score has made a list of the top 10 largest cities with the best commute times, access to transit and, nearby amenities.




With a measly score of 48, it isn`t looking the best for Calgary; when a perfect score would be over 90.




One of the people behind the rankings is from Calgary.





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Calgary feeling the population boom




It`s not quite like the last boom, but Alberta is going through another population spike.




According to Statistics Canada, the province experienced a net increase in new arrivals of around 14,000 in the third quarter of 2012.





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Suite Success




Installing a basement suite can be lucrative, if it`s done according to city regulations, because St. Albert`s rental market is very tight.




Last October the Canada Mortgage and Housing Corporation`s fall Rental Survey showed that St. Albert had an overall vacancy rate of 0.9 per cent.





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Alert raised over latest Alberta population boom




People are once again moving to Alberta in droves, but the rapid growth has spawned fears the province could face the same infrastructure, labour and housing pains felt during the last economic boom.




`There is cause for concern,` said Bob Barss, president of the Alberta Association of Municipal Districts and Counties.





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Japan relaxes imported beef restrictions for four countries, including Canada




OTTAWA - Canadian cattle producers say they're pleased Japan is relaxing restrictions on imported beef from Canada and three other countries a decade after raising barriers amid the so-called mad cow disease scare.




Japan's Foreign Ministry announced Monday it will allow imports of beef from cows up to 30 months old, effective this Friday. The previous standard was to ban imports of beef from animals older than 20 months.





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Investment in Calgary office properties poised for growth




CALGARY ` Calgary`s office property investment performance outshone all other sectors and markets by a significant margin over the past year, says Morguard Corporation`s 2013 Canadian Economic Outlook and Market Fundamentals report.




And Calgary`s office sector appears poised for another period of growth over the near term.



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Nebraska OK clears major hurdle, senators urge Keystone pipeline approval




WASHINGTON - More than half the Senate on Wednesday urged quick approval of TransCanada's controversial Keystone XL oil pipeline, ramping up pressure on President Barack Obama just days after he promised in his inaugural address to respond vigorously to the threat of climate change.




A letter signed by 53 senators said Nebraska Gov. Dave Heineman's approval of a revised route through his state puts the long-delayed project squarely in the president's hands.





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Alberta forestry rebounds




The Alberta forestry industry is rebounding as the price for lumber increases.




The price jump is being driven by higher demand in the United States.




"It's one of the sectors of the province that's kind of on fire," says Todd Hirsch, Senior Economist with ATB Financial.





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Majority of senators back Keystone XL pipeline





A bipartisan group of more than half the 100-member Senate has urged President Barack Obama to approve the northern leg of the Keystone XL pipeline project, which would connect Canadian oil sands to refineries in Texas.



"This is about something that Americans want. It's about energy for this country," Senator John Hoeven, a North Dakota Republican, told reporters on Wednesday.





Hoeven and Senator Max Baucus, a Montana Democrat, wrote a letter to Obama, signed by 51 other senators, urging him to approve the TransCanada Corp project, which has been pending for nearly four and a half years.





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Nebraska nod puts Keystone pipeline decision squarely on Obama




TransCanada Corp.`s controversial Keystone XL pipeline project has cleared a key hurdle in Nebraska, leaving U.S. President Barack Obama to decide whether the promised benefits of energy security and construction jobs will trump concerns over climate change.




In a show of optimism, TransCanada chief executive officer Russ Girling said Tuesday that his company is gearing up to begin work on one of the biggest construction projects the United States can expect this year as soon as there is a positive decision from Washington.



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Hughes knows there's more than one way to ship Alberta oil




CALGARY ` When Energy Minister Ken Hughes talks about the oilsands Thursday in Vancouver, he`ll have a message for our coastal cousins: `Not all roads lead through British Columbia.`




Translation: If B.C. won`t transport bitumen, Alberta will find somebody who`s glad to do it.




Many Alberta Progressive Conservatives





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'Bitumen bubble' equals $6B revenue loss




A `bitumen bubble` has blown a $6-billion hole in the province`s revenue projections that will lead to significant changes to this year`s budget, Premier Alison Redford warned in a recent televised address.




`As we prepare this year`s budget, it means we have to make some very difficult decisions,` she said during the eight-minute, pre-recorded address that cost the government $55,000 to air.





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MLS sales growth outside Calgary outpaces city in 2012




CALGARY ` Home sales growth in the surrounding towns and cities far outpaced the growth in the city of Calgary in 2012, ending the year up 21 per cent, according to the Calgary Real Estate Board.




Overall in Calgary, MLS sales grew by 14.66 per cent in 2012 compared with the previous year.





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Calgary's immigrant population numbers on the rise





A report from the City of Calgary says the city`s population is more ethnically diverse than at any other time in Calgary`s history.




According to the report, 1 out of every 5 Calgarians belongs to a visible minority group. The number is a striking departure from the ratio of year`s past. In 1959, there was only 1 visible minority in every 350 Calgarians.




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