March 2013 Alberta Economic Fundamentals
- Thread starter Ally
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Home builders fume over new Canada post fee
EDMONTON - Home builders are steamed because Canada Post has started to charge a $200 levy to deliver mail to new housing developments.
The $200 postal box activation fee went into effect on Jan. 1 and is assessed to builders nationwide for each address in new neighbourhoods.
Read the full article here.
EDMONTON - Home builders are steamed because Canada Post has started to charge a $200 levy to deliver mail to new housing developments.
The $200 postal box activation fee went into effect on Jan. 1 and is assessed to builders nationwide for each address in new neighbourhoods.
Read the full article here.
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Advocates spar over goverment investment in new bitument upgrades
EDMONTON - A labour group on Tuesday urged a government committee to support construction of new upgraders to stop oil conglomerates who want to `rip and ship` Alberta`s resources.
The Standing Committee on Alberta`s Economic Future also heard from an industry group that said market forces alone should decide whether a new upgrader is necessary, and from a project proponent who would benefit from provincial support.
Read the full article here.
EDMONTON - A labour group on Tuesday urged a government committee to support construction of new upgraders to stop oil conglomerates who want to `rip and ship` Alberta`s resources.
The Standing Committee on Alberta`s Economic Future also heard from an industry group that said market forces alone should decide whether a new upgrader is necessary, and from a project proponent who would benefit from provincial support.
Read the full article here.
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Calgary home sets MLS record
CALGARY ` An opulent home described as a `French castle` has set a record for the highest ever MLS sale price in Calgary as the property in Aspen Woods sold for $10.35 million on Wednesday.
The two-storey home, listed by realtor Corinne Poffenroth of Sotheby`s International Realty Canada, was built in 2010 and had a list price of $11.495 million.
Read the full article here.
CALGARY ` An opulent home described as a `French castle` has set a record for the highest ever MLS sale price in Calgary as the property in Aspen Woods sold for $10.35 million on Wednesday.
The two-storey home, listed by realtor Corinne Poffenroth of Sotheby`s International Realty Canada, was built in 2010 and had a list price of $11.495 million.
Read the full article here.
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Premiers Redford, Wall seek to boost refining capacity
The premiers of Alberta and Saskatchewan are calling on industry and the federal government to work with them to boost Western Canada's refining and upgrading capacity.
Alison Redford and Saskatchewan Premier Brad Wall said they had preliminary discussions Wednesday to determine whether to proceed with a strategy to work together to enhance the value of oil and bitumen produced in their provinces.
Read the full article here.
The premiers of Alberta and Saskatchewan are calling on industry and the federal government to work with them to boost Western Canada's refining and upgrading capacity.
Alison Redford and Saskatchewan Premier Brad Wall said they had preliminary discussions Wednesday to determine whether to proceed with a strategy to work together to enhance the value of oil and bitumen produced in their provinces.
Read the full article here.
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Benefits of Keystone XL pipeline are clear
The economic, energy, and national security benefits associated with building the Keystone XL Pipeline are clear. Construction of the pipeline would produce thousands of jobs, and gas prices, which are currently hovering at $3.78 per gallon in Ohio, would begin to decline. What is keeping the president from approving this critical project?
Read the full article here.
The economic, energy, and national security benefits associated with building the Keystone XL Pipeline are clear. Construction of the pipeline would produce thousands of jobs, and gas prices, which are currently hovering at $3.78 per gallon in Ohio, would begin to decline. What is keeping the president from approving this critical project?
Read the full article here.
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Alberta capital investment to reach record this year
CALGARY ` Total capital investment in Alberta is expected to reach $100.6 billion this year, an increase of 2.4 per cent over 2012 and another record high.
`While overall economic activity appears to be moderating in Alberta`s economy, new information on investment activity suggests the slowdown may be very slight,` said Todd Hirsch, senior economist with ATB Financial, about the data released Wednesday by Statistics Canada. `In fact, the provincial economy will still advance in 2013, but just at a slower pace.`
Read the full article here.
CALGARY ` Total capital investment in Alberta is expected to reach $100.6 billion this year, an increase of 2.4 per cent over 2012 and another record high.
`While overall economic activity appears to be moderating in Alberta`s economy, new information on investment activity suggests the slowdown may be very slight,` said Todd Hirsch, senior economist with ATB Financial, about the data released Wednesday by Statistics Canada. `In fact, the provincial economy will still advance in 2013, but just at a slower pace.`
Read the full article here.
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An example for Alberta in shifting U.S. growth patterns
EDMONTON - Americans love to mythologize their major coastal metropolises, from New York to San Francisco.
Through movies, pop music and television, such centres have long played an outsized role in America`s collective imagination. After all, these cities are home to the country`s most iconic companies and institutions, reflecting all the wealth and culture of the world`s richest nation.
Read the full article here.
EDMONTON - Americans love to mythologize their major coastal metropolises, from New York to San Francisco.
Through movies, pop music and television, such centres have long played an outsized role in America`s collective imagination. After all, these cities are home to the country`s most iconic companies and institutions, reflecting all the wealth and culture of the world`s richest nation.
Read the full article here.
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Alberta small business confidence leads the country
CALGARY ` Small business confidence in Alberta remained strong in February as owners in the province had the most positive outlook in the country, according to the Canadian Federation of Independent Business.
In its latest Business Barometer survey, released Thursday, the CFIB said Alberta entrepreneurs are the most confident in Canada about the economy and their future success.
Read the full article here.
CALGARY ` Small business confidence in Alberta remained strong in February as owners in the province had the most positive outlook in the country, according to the Canadian Federation of Independent Business.
In its latest Business Barometer survey, released Thursday, the CFIB said Alberta entrepreneurs are the most confident in Canada about the economy and their future success.
Read the full article here.
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Is East Village the template for future Calgary community revitalization?
Even for the man who would eventually inherit the agency behind the city`s quarter-billion dollar facelift of the once-blighted East Village, it was hard not to be skeptical.
Despite being used successfully as a redevelopment tool in the United States for more than half a century, the decision to pour millions of dollars in loans into an area known primarily as a hangout for prostitutes and drug users in hopes of sparking urban renewal seemed risky for then-developer Michael Brown.
`I remember the history and the stigma,` said Brown of the lands bordered by 9 Ave. S.E., Fort Calgary, the Bow River and Calgary`s municipal complex.
Read the full article here.
Even for the man who would eventually inherit the agency behind the city`s quarter-billion dollar facelift of the once-blighted East Village, it was hard not to be skeptical.
Despite being used successfully as a redevelopment tool in the United States for more than half a century, the decision to pour millions of dollars in loans into an area known primarily as a hangout for prostitutes and drug users in hopes of sparking urban renewal seemed risky for then-developer Michael Brown.
`I remember the history and the stigma,` said Brown of the lands bordered by 9 Ave. S.E., Fort Calgary, the Bow River and Calgary`s municipal complex.
Read the full article here.
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Calgary real estate the lone shining star in Canada: TD report
Calgary has been named "a lone shining star" in Canada's real estate market, in a report by TD Economics.
Calgary was the only city to report positive sales growth in 2012 of 14.3 per cent and is also benefiting from a 38.2 per cent increase in new housing starts, a sharp rebound from 2011, the report adds.
Read the full article here.
Calgary has been named "a lone shining star" in Canada's real estate market, in a report by TD Economics.
Calgary was the only city to report positive sales growth in 2012 of 14.3 per cent and is also benefiting from a 38.2 per cent increase in new housing starts, a sharp rebound from 2011, the report adds.
Read the full article here.
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Calgary housing market experiencing positive momentum
CALGARY ` Calgary`s housing market is experiencing positive momentum and is a `lone shining star` in the Western Canadian real estate market, according to a report by TD Economics.
In the first edition of its Metro Beat, reviewing economic trends on a quarterly basis, TD called Calgary`s situation ideal in comparison to what`s happening in Vancouver with the resale housing market seeing sales decrease there by 26 per cent in 2012.
Read the full article here.
CALGARY ` Calgary`s housing market is experiencing positive momentum and is a `lone shining star` in the Western Canadian real estate market, according to a report by TD Economics.
In the first edition of its Metro Beat, reviewing economic trends on a quarterly basis, TD called Calgary`s situation ideal in comparison to what`s happening in Vancouver with the resale housing market seeing sales decrease there by 26 per cent in 2012.
Read the full article here.
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Crude via rail: Not a fleeting business
Gibson Energy Inc. has moved millions of barrels of energy products across North America via injection stations, pipelines and a fleet of more than 1,900 trucks, but it never felt the need to build a freight, or unit, train to carry crude.
Until now.
Read the full article here.
Gibson Energy Inc. has moved millions of barrels of energy products across North America via injection stations, pipelines and a fleet of more than 1,900 trucks, but it never felt the need to build a freight, or unit, train to carry crude.
Until now.
Read the full article here.
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Feared pipeline bottleneck has arrived
The looming pipeline bottleneck that's been widely forecast as oilsands production soared in Alberta in recent years is no longer imminent - it's here.
The vast underground network of pipes that move approximately 3.2 million barrels of crude oil a day in Canada is operating at capacity even as high-profile pipelines that would resolve the issue slowly progress through regulatory reviews in Canada and the United States.
Read the full article here.
The looming pipeline bottleneck that's been widely forecast as oilsands production soared in Alberta in recent years is no longer imminent - it's here.
The vast underground network of pipes that move approximately 3.2 million barrels of crude oil a day in Canada is operating at capacity even as high-profile pipelines that would resolve the issue slowly progress through regulatory reviews in Canada and the United States.
Read the full article here.
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New tallest building: Calgary council approves twin towers at 56 and 42 stories
CALGARY ` Council unanimously approved zoning for a twin-skyscraper project that will give downtown Calgary a new tallest building ` `a very big jewel,` one alderman said Monday.
Brookfield Office Properties has planned 56- and 42-storey office towers on the downtown block where the Bay parkade stands and where the Calgary Herald`s former building is being demolished.
Read the full article here.
CALGARY ` Council unanimously approved zoning for a twin-skyscraper project that will give downtown Calgary a new tallest building ` `a very big jewel,` one alderman said Monday.
Brookfield Office Properties has planned 56- and 42-storey office towers on the downtown block where the Bay parkade stands and where the Calgary Herald`s former building is being demolished.
Read the full article here.
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Calgary to escape downturn in condo apartment construction
CALGARY ` The apartment sector will be driving most of the overall moderation in housing starts in 2013 across the country with only Calgary forecast to escape the downturn, says a new report by Altus Group.
`In Calgary, new condominium apartment sales were up in 2012, according to Altus Group`s Multi-Family Quarterly update, boosted by strong demand in the downtown area,` said the report. `Starts and units under construction were also up substantially, but unabsorbed units remain in check. Inventory in the resale market remains very tight, which is boosting prices.`
Read the full article here.
CALGARY ` The apartment sector will be driving most of the overall moderation in housing starts in 2013 across the country with only Calgary forecast to escape the downturn, says a new report by Altus Group.
`In Calgary, new condominium apartment sales were up in 2012, according to Altus Group`s Multi-Family Quarterly update, boosted by strong demand in the downtown area,` said the report. `Starts and units under construction were also up substantially, but unabsorbed units remain in check. Inventory in the resale market remains very tight, which is boosting prices.`
Read the full article here.
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St. Albert sets future with a Smart City focus and strategic partnerships
ST. ALBERT, AB, March 5, 2013 /CNW/ ` St. Albert`s economic development plans were expounded on by Mayor Nolan Crouse, City Manager Patrick Draper and Economic Development Executive Director Guy Boston at the City`s annual Business Breakfast on February 26, 2013.
`What differentiates St. Albert`s economic development opportunities are our community, access to key transportation routes, the community`s Botanical Arts brand, as well as 1,200 acres of available non-residential land,` says Mayor Crouse. He also pointed out that the community supports economic development and it is a Council priority. Mayor Crouse proclaimed February 26 as Economic Development Day in St. Albert to recognize the importance of economic development.
Read the full article here.
ST. ALBERT, AB, March 5, 2013 /CNW/ ` St. Albert`s economic development plans were expounded on by Mayor Nolan Crouse, City Manager Patrick Draper and Economic Development Executive Director Guy Boston at the City`s annual Business Breakfast on February 26, 2013.
`What differentiates St. Albert`s economic development opportunities are our community, access to key transportation routes, the community`s Botanical Arts brand, as well as 1,200 acres of available non-residential land,` says Mayor Crouse. He also pointed out that the community supports economic development and it is a Council priority. Mayor Crouse proclaimed February 26 as Economic Development Day in St. Albert to recognize the importance of economic development.
Read the full article here.
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Calgary region sees hike in investment for non-residential building construction
CALGARY ` Investment in non-residential building construction in the Calgary region grew to $3.6 billion in 2012, up 8.3 per cent from the previous year, according to Statistics Canada.
The federal agency reported Monday that investment in the commercial sector grew by 28.7 per cent to $2.97 billion in the Calgary census metropolitan area while the industrial sector saw a 103.4 per cent hike to $183.7 million.
Read the full article here.
CALGARY ` Investment in non-residential building construction in the Calgary region grew to $3.6 billion in 2012, up 8.3 per cent from the previous year, according to Statistics Canada.
The federal agency reported Monday that investment in the commercial sector grew by 28.7 per cent to $2.97 billion in the Calgary census metropolitan area while the industrial sector saw a 103.4 per cent hike to $183.7 million.
Read the full article here.