NEWS

Timely news and industry updates from the past 30 days. 

November 16, 2020

City of Edmonton Quarterly Activity Report (2020 Q3)

Please click below for the City of Edmonton's Quarterly Activity Report (2020 Q3)

November 12, 2020

TIER Economic Recovery Program

Alberta Innovates’ TIER Economic Recovery Program (Program) will consist of a set of “shovel-ready” projects that will accelerate innovation in support of GHG emissions reduction, increase long-term economic competitiveness and stimulate growth in critically important sectors of Alberta’s economy. Full proposals must be submitted by November 30, 2020 to be reviewed in the first application cohort. 

Please click below for more:

November 10, 2020

Rohit Staff Surprise UDI Member Russell Dauk and Family with Naming Announcement at Stadium Yards

On Friday, October 16th, a humbled and speechless Russell Dauk, Vice President of Land Development and Commercial at Rohit Group of Companies reacted to the news that his team secretly named the first phase of buildings at Stadium Yards after their mentor and his family.

 

At a socially distanced outdoor event, a small group of Rohit Group employees unveiled a new LED sign on the building with the name DAUK COMMONS in peer recognition of his 16 years of service at the company and his uncommon organizational leadership and mentorship.

For more, please click below:

November 09, 2020

Important Year End Dates

The attached report from the City of Edmonton is with respect to servicing agreements and arterial roadway assessments.

November 04, 2020

Municipal election changes support transparency

Alberta’s government is taking action to ensure fairness among third-party advertisers and reducing red tape in municipal elections.

October 28, 2020

New UDI-ER Research Initiative: Regulatory Burden

UDI-ER has released a new research initiative titled Regulatory Burden: Regarding the Pressing Need to Reduce Development Regulations in the Edmonton Metro Region.

The purpose of this paper is to spur discussion on where the development industry and municipalities can work together as partners with regards to finding efficiencies and stimulating regional economic growth through reduction of the burden of unnecessary regulations.

Please click below to read the full discussion paper:

October 22, 2020

Jack M. Mintz: In government spending and deficits, we're now No. 1 in the world

Unproductive public spending outstripping economic growth will be our real albatross threatening prosperity in years ahead.

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October 20, 2020

Builder Confidence Continues Record Climb – Eye on Housing

In a further show of strength for the [U.S.] housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). These are the first two months the index has ever been above 80. The housing market continues to be a bright spot for the economy, supported by increased buyer interest in the suburbs, exurbs and small towns. Moreover, NAHB analysis published last week showed that new single-family home sales are outpacing starts by a historic margin. Bridging this gap will require either a gain in construction volume or reductions in available inventory, which is already at a historic low in terms of months’ supply.

 

CHBA National Commentary: As in Canada, the U.S. housing market is continuing to perform well, providing needed economic activity as many countries begin to weather a second wave of COVID-19. In Canada, the federal government should ensure that it’s recovery plans include investments that will allow the residential construction sector to meet continuing and evolving housing demand, grow new and appropriate housing supply where it is needed most, and creating jobs and investment in communities across the country. CHBA is engaged with the federal government on a range of options, and is monitoring business and consumer confidence, as well as other potential drags on construction activity including lumber prices and other supply chain issues.

Please click below for more:

October 20, 2020

The Owl: We are amazingly adaptable when we need to be

Today’s Owl shares a personal story from ATB Chief Economist Todd Hirsch about how adapting to change is sometimes easier than we think.

Please click below for more:

October 20, 2020

Fraser Institute: Carbon Pricing in High-Income OECD Countries

Most economists consider human-made greenhouse gas (GHG) emissions an unintended negative externality of production and consumption. A negative externality occurs when the effects of producing or consuming goods and services impose costs on a third party which are not reflected in the prices charged for said goods and services. 

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October 06, 2020

Affordable Housing Review Panel

The panel explored ways to make Alberta’s affordable housing system more efficient and effective.

September 30, 2020

Bell: Kenney's new cities boss says it's time to get real. Now.

“We can’t tax people back to the Alberta Advantage. That’s not how we’re going to get there.”

Instead, Allard will be having some hard-question conversations with cities and towns. After all, it’s a reckoning.

Please click below for more:

September 30, 2020

Urban Analytics: Alberta State of the Market Q2 2020

The peak of the COVID-19 pandemic and subsequent work from home orders occurred throughout the majority of the second quarter which resulted in a temporary ‘pause’ in Alberta’s economy. The current economic climate will continue to be impacted into the third quarter as Alberta hopes to launch its stage three recovery plan to the economy in the fall or winter of 2020.

Please click below for more:

September 24, 2020

Canadian Home Builders’ Association Policy Recommendations Post COVID-19

GETTING BUILDING: An Action Plan For Economic Recovery in Residential Construction

September 15, 2020

City Plan Media Report

Please click below for the recent media report regarding UDI-ER's recent publication Building our City Together: UDI Edmonton's Commentary on the Draft City Plan.

September 11, 2020

CHBA National: Lumber Shortages Impacting Canada’s Residential Construction Sector and Housing Affordability

A letter from CHBA National to The Honourable Mary Ng, P.C., M.P. Minister of Small Business, Export Promotion and International Trade, The Honourable Navdeep Bains, P.C., M.P. Minister of Innovation, Science and Industry, and The Honourable Seamus O’Regan, P.C., M.P. Minister of Natural Resources. 

September 10, 2020

Building Our City Together: UDI-ER's Commentary on the City Plan

In anticipation of the City of Edmonton's adoption of a new Municipal Development Plan, the City Plan, UDI-ER has produced a publication titled Building Our City Together detailing our commentary on the plan.

Please click below to read:

September 04, 2020

Edmonton Journal: Former Edmonton city councillor and recreation advocate Bryan Anderson dies at 78

Long-time Edmonton city councillor Bryan Anderson, who championed the growth of sports and recreation in the city, has died at 78.

Please click below for more:

September 02, 2020

Edmonton Journal: Edmonton housing market in 2020 a ‘pleasant surprise’ for buyers and sellers, says monthly report

Edmonton’s housing market showed a big jump in August compared to last year but appeared to struggle month-to-month when compared to July.

Please click below fore more:

September 01, 2020

BILD Alberta Advocacy Priorities

Please click below:

June 29, 2020

John Rose

From all of us at UDI-ER, we are deeply saddened to hear the news that City of Edmonton Chief Economist John Rose has passed away. Our condolences and thoughts are with John's family.

April 13, 2020

City of Edmonton is Now Accepting Development Bonds for Servicing Agreements (1 of 2)

Effective immediately, the City of Edmonton is now accepting development bonds for all new servicing agreements for the 2020 construction season.

 

This will allow developers another option for security, as the City previously only accepted irrevocable letters of credit issued by a bank, or cash security.

 

To apply for a development bond for your new servicing agreement, please:

  • review the updated guidelines for establishing security in servicing agreements, and

  • complete, scan and email the attached development bond application form to the development engineer for your servicing agreement file.

 

Existing Servicing Agreements:

 

The COVID-19 situation presents an unpredictable and unique scenario and the City is working hard to find ways to help businesses and developers navigate this challenging situation. The City is exploring options for allowing letters of credit for existing servicing agreements to be converted to development bonds and will provide further information when it is available. We hope that this will help provide some economic support and make it easier to do business in Edmonton during this difficult time.

The information provided above is current as of April 7, 2020. All is subject to change given the evolving COVID-19 situation. We will keep you informed of any further changes as they occur.

If you have any questions, please contact the development engineer for your file directly or email development.coordination@edmonton.ca.

Please click below to review the updated guidelines for establishing security in servicing agreements.

April 13, 2020

Development Bond Application Form (2 of 2)

Please click below to access the development bond application form.

February 10, 2020

City of Edmonton Organizational Structure Chart

City of Edmonton Organizational Structure Chart as of February 4, 2020.

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© 2020 by Urban Development Institute - Edmonton Region

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