Timely news and industry updates from the past 30 days. 

November 15, 2019

Investing in Edmonton-area infrastructure projects

Government’s 2019 Capital Plan is making significant investments to enhance public infrastructure, benefiting Edmonton and area residents and businesses. 


Projects that support schools, health facilities, culture and recreation are among the capital projects in Edmonton and surrounding communities.


“Our government is investing $24.2 billion over four years to build, renew or maintain key infrastructure projects throughout the province, including in Edmonton and surrounding communities. Our investment in these priority infrastructure projects will help grow the economy, create jobs and ensure all Albertans benefit from an improved quality of life.”
- Prasad Panda, Minister of Infrastructure 


Quick facts
The 2019 Capital Plan carries through on previous infrastructure commitments and provides for a number of new projects, such as: 
o    More than 30 new and ongoing school projects in Beaumont, Edmonton, Leduc, Morinville, Sherwood Park, Spruce Grove, St. Albert and Stony Plain
o    Health facilities in Edmonton, including the Stollery Children’s Hospital Critical Care Program, the CapitalCare Norwood Redevelopment, the Misericordia Hospital, new south Edmonton hospital, and planning for the University of Alberta Hospital Brain Centre Neuro Intensive Care Unit
o    Yellowhead Youth Centre Redevelopment project in Edmonton
o    Cultural and recreation projects such as the Winspear Centre, Telus World of Science, the Northern Jubilee Auditorium and planning for Big Island Park
o    Other multi-year projects, including Edmonton’s southwest ring road expansion, the University of Alberta Dentistry Pharmacy Functional Building Renewal, and the Edmonton Law Courts, as part of a province-wide courthouse renewal initiative, Leduc’s Agrivalue Processing Business Incubator, and Highway 19 between Highway 2 and Highway 60

November 12, 2019

Investing in Alberta’s provincial highway network

Budget 2019 includes $4.4 billion to build and repair highways across the province to support Alberta’s economy and improve safe travel.

November 04, 2019

Important dates for Year End

With the end of 2019 approaching we are making arrangements for 2020. In order to begin preparing 2020 rates for Arterial Roadway and Drainage Assessments there are several important dates that the development industry should be aware of.

October 31, 2019

Edmonton's inflation rise rises in September 2019

October 16, 2019

 

Inflation in the Edmonton Census Metropolitan Area (CMA), as measured by the Consumer Price Index (CPI), inched higher to an annual rate of 1.4 per cent in September 2019 from 1.3 per cent in August. On a year-over-year basis, upward pressure on the inflation rate in September 2019 came largely from higher rented accommodation costs which increased 3.8 per cent, as well as costs related to water, fuel and electricity which rose 4.1 per cent. Overall shelter costs were up 2.5 per cent year-over-year in September 2019. The lift in shelter costs was partially offset by lower gasoline prices, which have been recording double-digit year-over-year declines since June 2019.

Read the full report > (http://trk.cp20.com/click/chor-1h4vcr-l6xgfw-5j7ovqj7/)

 

Edmonton's job figures down in September

 

October 11, 2019

 

Employment in the Edmonton Census Metropolitan Area (CMA) was down by approximately 3,100 positions between August and September 2019. These losses were largely full-time positions, as part-time employment increased by a nominal amount. Gains in manufacturing and logistics were more than offset by continuing reductions in the educational services as well as weakness in business services and public administration.

Read the full report > (http://trk.cp20.com/click/chor-1h4vcr-l6xgfx-5j7ovqj8/)

 

Multi-family housing starts continue to rise in Q3 2019

 

October 8, 2019

 

Builders in the city of Edmonton broke ground on a total of 2,702 housing units in Q3 2019, representing an increase of 8.7 per cent year-over-year from 2,486 units in Q3 2018. The one-year moving average for total housing starts in Edmonton increased in Q3 2019 from the previous quarter, driven by gains in the multi-family segment.

Read the full report > (http://trk.cp20.com/click/chor-1h4vcr-l6xgfy-5j7ovqj9/)

 

Related Links

 

International Monetary Fund (http://trk.cp20.com/click/chor-1h4vcr-l6xgfz-5j7ovqj0/) downgrades global economic growth forecast for 2019 and 2020

 

Bank of Canada (http://trk.cp20.com/click/chor-1h4vcr-l6xgg0-5j7ovqj7/) maintains overnight rate target at 1 3/4 per cent

 

Bank of Canada (http://trk.cp20.com/click/chor-1h4vcr-l6xgg1-5j7ovqj8/) raises national economic growth forecast for 2019 to 1.5 per cent, downgrades forecast for 2020

 

Moderate growth expected over the short term for Edmonton's housing market, according to CMHC's Fall 2019 Housing Market Outlook (http://trk.cp20.com/click/chor-1h4vcr-l6xgg2-5j7ovqj9/)

 

Economic Society of Northern Alberta's (http://trk.cp20.com/click/chor-1h4vcr-l6xgg3-5j7ovqj0/) 2020 Economic Outlook Conference will be held on December 5

 

US Federal Reserve (http://trk.cp20.com/click/chor-1h4vcr-l6xgg4-5j7ovqj1/) lowers the target range for the federal funds rate, future rate cuts in doubt

 

To find more information about Edmonton's economy, browse our Economic Data (http://trk.cp20.com/click/chor-1h4vcr-l6xgg5-5j7ovqj2/).edmonton.ca/economicnews (http://trk.cp20.com/click/chor-1h4vcr-l6xgg6-5j7ovqj3/)

City of Edmonton

5th Fl Chancery Hall

3 Sir Winston Churchill Sq NW

Edmonton Alberta  T5J 2C3

Canada

October 25, 2019

Budget 2019: A plan for jobs and the economy

Budget 2019 is a balanced plan to create jobs, grow the economy and protect vital services.

Budget 2019 takes bold action to get Albertans back to work. It creates the right conditions to bring jobs, growth and investment back to Alberta while getting our fiscal house in order to stop the reckless dive into debt. It will do so by cutting taxes on job creators, removing red tape and supporting skills training to grow Alberta’s economy and increase our self-reliance.

October 14, 2019

The Costs of Slow Economic Growth: Collected Essays

Real economic growth is the pathway to higher standards of living. The latter encompasses not just more consumption of goods and services but also more leisure, an improved physical environment, better health and, more generally, a superior quality of life for members of society.

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© 2017 by Urban Development Institute - Edmonton Region

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