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October 2012 Prairie Economic Fundamentals

Ally

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News articles for October 2012.
 

Ally

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Saskatchewan cashing in




Saskatchewan isn't just a place that you wish you didn't have to drive through to get to Alberta and B.C. on vacation anymore.





Nor is it merely the habitat of rabid Riders fans.





These days, our flatland colleague to our left also happens to be the belle of the ball when it comes to natural-resource development potential, says Tom MacNeill, president of 49 North Resources.





It's almost as though overnight, Saskatchewan has gone from a place from which even its own people fled to one of Canada's "have" provinces that contributes equalization transfer payments so we "have-not" provinces can make ends meet.





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Regina posts strong year-over-year price increases in third quarter




REGINA, Oct. 3, 2012 /CNW/ - The Royal LePage House Price Survey released today showed substantial year-over-year price gains across all housing types surveyed in Regina.




Standard two-storey homes saw the largest year-over-year price increase rising 9.8 per cent to $359,500, while standard condominiums showed strong growth, rising 6.4 per cent year-over-year to $210,750. Detached bungalows posted a healthy price increase of 5.8 per cent, year-over-year to $335,000.





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Winnipeg posts healthy year over year prices



Strengthening local economy and strong buyer demand continue to fuel real estate market in the third quarter





The Royal LePage House Price Survey released today showed strong year-over-year price increases for all housing types surveyed in Winnipeg.





Standard condominiums continued to witness the largest year-over-year average price gains climbing 8.3 per cent to $188,714. Prices for standard two-storey homes saw an increase of 6.5 per cent year-over-year to $319,250, while detached bungalows rose 6.6 per cent to $294,625.





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Safer and improved Highway 11




Highway 11 twinning between Prince Albert and Saskatoon took a big leap forward with 36 kilometres of new northbound lanes opening from north of Rosthern to south of Macdowall, providing a safer drive for families, farmers and shippers.




"Our government is proud to invest in this important work on Highway 11," said Gerry Ritz, Minister of Agriculture and Member of Parliament for Battlefords-Lloydminster, on behalf of Steven Fletcher, Minister of State (Transport). "The twinning of this highway has created good paying jobs in our region as well as improved the safety of motorists in our communities. Our government will continue to focus on job creation and strengthening the economy across Canada, including right here in Saskatchewan."




"Highway 11 is a very busy corridor, carrying upwards of 14,000 vehicles per day including commuters, tourists, shippers and many more," Batoche MLA Delbert Kirsch said on behalf of Highways and Infrastructure Minister Don McMorris. "The progress we make at each stage of construction has a huge benefit for all motorists."





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Highway 10 north of Brandon fully opening following upgrades to improve traffic flow




Today, the Honourable Greg Selinger, Premier of Manitoba, and the Honourable Steven Fletcher, Minister of State (Transport), celebrated the completion of major upgrades on Provincial Trunk Highway (PTH) 10 just north of Brandon. Families, truckers and farmers will now benefit from safer roads and improved traffic flow along this highway thanks to this important project.




"Manitoba families, businesses and agricultural producers count on our roads and highways to get around and to do business. That's why we've worked to improve Highway 10, to keep traffic flowing smoothly and safely," said Premier Selinger. "It's a priority for Manitobans and it's a part of our commitment to keep improving roads across the province."





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CN to build Manitoba rail-loading facility






Canadian National Railway Co., Canada`s largest railway company, agreed today to build a crude oil rail-loading facility near Cromer, Manitoba, with Tundra Energy Marketing Ltd.




The terminal, expected to be operational in the second quarter of 2013, will initially load 30,000 barrels of crude oil per day on to rail cars, CN said in a statement. That`s the equivalent of 50 tank cars` worth, the company said, noting that unit trains of 100 tank cars could also be accommodated.




CN said it expects to transport more than 30,000 carloads of crude oil in 2012 and could double that next year.





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Prairie land prices surge in 2012




Farmers and investors who own Canadian farmland continued to see a solid return on their investments during the first half of 2012, according to Farm Credit Canada`s semi-annual report.





In its most recent farmland valuations report published Oct. 9, FCC said the average value of a quarter section of farmland in Canada rose 8.6 percent during the first half of the year.






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