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Alberta’s Housing Market: On the Upswing

With high unabsorbed inventory, construction of single detached homes weighed on 2011’s housing starts, which decreased 14.9% to 15,193. However, single detached home starts are now regaining traction. In the i rst i ve months of 2012, single starts are up a strong 10%…





Alberta cities lead home sales forecast

CALGARY, AB – Alberta’s housing markets will outperform other Canadian cities in the year ahead, says a new economics report from BMO Capital Markets. “We expect home sales and housing starts to moderate in the year ahead, with strength in Alberta contrasting with weakness in pricey B.C. and…




Little effect on local market anticipated by new mortgage policies #yeg #yegre

Edmonton, July 4, 2012: At the end of the first half of the year, housing prices in all residential categories are up from the same time last year. On average1, residential prices are 3.2% higher than June of last year. The all-residential average price was $342,014 in June…




Alberta economic snapshot for July 14, 2012

CALGARY, AB, Jul 14, 2012/ Troy Media/ – It’s a phrase heard often around the province. Someone asks “How are things going?” The answer, of course, is one word: “Busy!” When it comes to employment, Albertans are not only the highest paid in the country they work some of the longest hours. ..




Booming Edmonton spurs new wave of shopping developments

“We’re in maybe the best situation we’ve been in ever in terms of vacancy rates in Edmonton,” said Doug Fogg, partner in the retail division at another real estate firm, Cushman & Wakefield. “They’re the lowest we’ve ever seen.” Fogg said developers are 




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