Alberta leads jump in crude oil production

StatsCan says production of crude oil and equivalent products in Canada rose 4.1 per cent in November, year over year

Alberta leads jump in crude oil productionProduction of crude oil and equivalent products in Canada rose 4.1 per cent in November from a year ago, according to a report released on Friday by Statistics Canada. The total national output was 21.5 million cubic metres or 135.3 million barrels. “Alberta produced 17.4 million cubic metres of crude oil and equivalent products in November, up 4.5 per cent…

Calgary, Edmonton home price growth lags other major centres

CMHC report says Toronto and Vancouver showed large and persistent increases

Calgary, Edmonton home price growth lags other major centresA study released on Wednesday by Canada Mortgage and Housing Corp. found that Calgary and Edmonton lagged behind other major Canadian centres for home price growth between 2010 and 2016. The report, Examining Escalating House Prices in Large Canadian Metropolitan Centres, said Toronto and Vancouver showed large and persistent increases in prices during that period…

Calgary building permit values up in 2017

In December, the Calgary region registered $449.9 million in building permits, up 73.3 per cent year-over-year

Calgary building permit values up in 2017  Statistics Canada reported on Wednesday that the value of building permits in the Calgary census metropolitan area edged up 0.1 per cent in 2017 to $5.4 billion. “The institutional component registered the largest increase, posting a value of $1.1 billion, more than double the previous year's value,” StatsCan said. “The single-family component followed, up 23.1 per…

Non-permanent residents most likely to hold mortgages in Canada’s major centres

Report released on Tuesday by Canada Mortgage and Housing Corp.

Non-permanent residents most likely to hold mortgages in Canada’s major centresA report released on Tuesday by Canada Mortgage and Housing Corp. says the share of mortgages held by non-permanent residents is most evident in Canada's major metropolitan areas. The Rise of Non-Permanent Residents and Their Effect on Housing report found that in 2016, 3.9 per cent of mortgages issued in Vancouver were held by non-permanent…

Calgary commercial real estate activity on upswing: report

Barclay Street Real Estate says the number of sales were up in 2017 and there were ‘significant shifts in investor focus

Calgary commercial real estate activity on upswing: reportTransactions in Calgary's commercial real estate sector reached $2.35 billion in 2017, slightly down from the previous year. But the number of investment sales grew by 25 per cent, according to a new report by Barclay Street Real Estate. Total dollar volume in 2016 was $2.63 billion. In 2017, there were 381 sales compared with…

Manufacturing Alberta’s clear job growth winner in 2017

Employment in Alberta grew by 55,000 jobs last year. ATB Financial says manufacturing led the way with 18,000 new jobs

Manufacturing Alberta’s clear job growth winner in 2017(Published on January 30, 2018) Some great job growth analysis related to Alberta in 2017 was released on Jan. 8 by ATB Financial's economics and research team. The province's unemployment rate was down to 6.9 per cent at the end of the year, the lowest it has been since late 2015, when the full impact of…

Calgary housing market moderately vulnerable: CMHC

‘Growth in employment and in the young adult population have helped support housing demand and price levels in Calgary’

Calgary housing market moderately vulnerable: CMHCThe latest Housing Market Assessment report by Canada Mortgage and Housing Corp. indicates Calgary's real estate market is experiencing a “moderate degree of vulnerability.” The objective of CMHC’s assessment is to identify locations in which there are heightened vulnerabilities to housing market instability from the level of house prices and/or from factors that are known…

Share of self-employed jobs in Alberta remains stable

An average of 383,300 Albertans said they were self-employment last year. This translates into about 17 per cent of all jobs in the province

Share of self-employed jobs in Alberta remains stable(Published on January 30, 2018)A report released by ATB Financial's economics and research team on Jan. 30 says the number of Albertans who identify as self-employed stayed roughly the same throughout the recent recession and has remained consistent during the recovery. According to Statistics Canada, an average of 383,300 Albertans said their main job took the…

Energy extraction has noticeable impact on Canada’s GDP

ATB Financial's latest commentary says Canada’s economic upswing is partly the result of the rebound in the energy sector

Energy extraction has noticeable impact on Canada’s GDPThe above headline should grab everyone's attention in this country, particularly different levels of government. It's courtesy of ATB Financial's economics and research team and their commentary released this morning. ATB looked at the latest data from Statistics Canada, which indicated that Canada’s economy in November 2017 was 3.5 per cent larger than it was…
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