NEWS

Timely news and industry updates. 

The Owl - House Prices on the Rise in Alberta

April 13, 2021

According to the latest statistics from the Alberta Real Estate Association, the average resale price of residential properties in Alberta was 19 per cent higher in March 2021 than in March 2020.

 

To read more, please click here.

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.

 

To read more, please click here.

BILD Alberta - COVID Reminder, Amendments to Builders' Lien Act & Spring Conference

April 9, 2021

To read the latest newsletter from BILD Alberta, please click here.

City of Edmonton - New Volume 5 Landscape Design and Construction Standards

March 30, 2021

The City of Edmonton's Development Services has sent UDI-ER a letter from Mustapha Makhdoom, Design and Construction Standards Program Manager, UFCSD.

To read the letter, please click here.

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 more, please click here.

CMHC - Housing Market Insight

February 26, 2021

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.

Please click here to read more.

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.

Please click here to read more.

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.

 

Please click here for more.

 CHBA Industry Highlights - January 22, 2021

January 22, 2021

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.

 

Please click here for more.

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.

 

Please click here for more.

CBC - Alberta cabinet minister, premier's chief of staff resign over holiday travel, other MLAs demoted

January 4, 2021

Premier Jason Kenney has accepted the resignations of Grande Prairie MLA Tracy Allard as minister of municipal affairs and Jamie Huckabay as his chief of staff. 

In a Facebook post Monday, Kenney said he has also demoted five other UCP MLAs who travelled internationally over the holidays. 

 

Please click here for more.

Financial Post - Flight to the suburbs could last beyond the pandemic, says online realtor Zoocasa

December 30, 2020

Zoocasa CEO Lauren Haw speaks with Financial Post’s Larysa Harapyn about how the pandemic’s effects on how we work has changed where we live, and what that means in 2021.

 

Please click here for more.

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.

 

Please click here for more.

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.

 

Please click here to read more.

© 2020 by Urban Development Institute - Edmonton Region

  • Twitter Social Icon
  • LinkedIn Social Icon
  • Facebook Social Icon