Bank of Canada - Business Outlook Survey—Spring 2021
April 12, 2021
Results from the spring Business Outlook Survey suggest that business sentiment continues to improve. Firms reported less uncertainty related to the COVID‑19 pandemic and strengthening demand from weak levels. Still, the recovery remains uneven, with firms tied to high-contact services facing ongoing challenges.
ATB Economics - On the mend: Alberta’s economy in 2021
March 18, 2021
ATB Financial’s newest Alberta Economic Outlook shows Alberta is on track to recover some of the ground lost during the global pandemic and oil price crash. ATB is forecasting our province’s real GDP will grow by 4.1 per cent this year followed by 2.6 per cent growth in 2022.
To read the latest Housing Market Insight from CMHC, please click here.
Government of Alberta - Budget 2021
February 25, 2021
Budget 2021 protects Albertans’ lives and livelihoods with a significant investment in health care while positioning the province for economic recovery with a continued focus on the efficient delivery of government services.
Calgary Herald - 'A good time to buy’: Albertans more positive about housing market than most Canadians
February 19, 2021
Albertans are a largely positive lot when it comes to the prospect of buying a home. That’s the finding of a recent national survey of Canadians regarding homeownership by Mortgage Professionals Canada.
City of Edmonton - Urban Form and Corporate Strategic Development Quarterly Activity Report Fourth Quarter 2020
February 18, 2021
Please click here for the Fourth Quarter 2020 Quarterly Activity Report from the City of Edmonton's UFCSD.
Huffington Post - BMO Uncovers Simple Reason Canadian House Prices Now 46% Higher Than U.S.
January 25, 2021
A new report from the Bank of Montreal highlights just how intensely dependent on the housing market Canada’s economy has become.
Unfazed by a global pandemic, Canada’s residential real estate sector has soared from strength to strength and now accounts for 9 per cent of the country’s economic output, BMO chief economist Douglas Porter found.
CMHC says W-shaped recovery would be ‘very severe’ without government assistance.
A W-shaped recovery is when an economy begins to rebound from a recession quickly but then rapidly falls into another period of downturn before recovering again. “That scenario is very severe and implausible in nature, but it’s very important to understand,” said CMHC’s chief risk officer Nadine LeBlanc in a Thursday media briefing.
CAPP - Natural Gas and Oil Industry Investing in Canada’s Economic Recovery
January 13, 2021
The Canadian Association of Petroleum Producers (CAPP) is forecasting a 14 per cent increase in upstream natural gas and oil investment in 2021. Capital spending in the sector is expected to be around $3.36 billion higher this year, reaching $27.3 billion, compared to an estimated total investment of $24 billion in 2020.
Edmonton Sun - Edmonton City Council Approves 2021 Property Tax Freeze
December 11, 2020
Edmonton city council has approved a property tax freeze for the first time since 1997.
As part of the 2021 budget discussions, council found $64 million in savings to bring next year’s tax levy down from the previously-approved 3.2 per cent to provide some economic relief to residents and business owners during the COVID-19 pandemic.
City Council appoints Dean Screpnek as new City Manager
December 10, 2020
Spruce Grove City Council has appointed Dean Screpnek as the new City Manager.
Screpnek, a long-time resident of Spruce Grove, is bringing extensive municipal and provincial experience to the role, having worked at neighbouring communities including Parkland County, the City of St. Albert and the City of Edmonton, and most recently with the Government of Alberta.