Job vacancies continue to increase in Alberta

Vacancies were led by health care and social assistance, and transportation and warehousing

Job vacancies continue to increase in AlbertaJob vacancies were up 9,000, or 17.7 per cent, in Alberta in the second quarter, according to Statistics Canada. In a report released on Thursday, the federal agency said the vacancies were led by health care and social assistance (+2,500 or +67.6 per cent) and transportation and warehousing (+2,200 or +103.8 per cent). “The job…

Cannabis driving commercial real estate markets in Edmonton, Kelowna

Calgary is expected to remain stable into 2019 due to a variety of reasons including the investment of big technology companies

Cannabis driving commercial real estate markets in Edmonton, KelownaKelowna and Edmonton are poised to become hot spots for Canada’s cannabis market post-legalization with competing cannabis enterprises looking for operating space in both cities, says a RE/MAX Commercial Investor Report released on Thursday. “The upcoming legalization of cannabis is continuing to have a major impact on the commercial real estate market this year,” said Elton…

Capital investment slowing in Canada: report

The growth rate of capital investment in Canada has slowed to a 40-year low

Capital investment slowing in Canada: reportThe growth rate of Canadian capital investment is being described as “anemic” and lagging behind the United States and other developed countries, according to a new report released on Thursday by the Fraser Institute, a public policy think-tank. The report said the growth rate of capital investment in Canada has slowed to a 40-year low…

Canadian economy expected to slow

Shift will reflect weaker consumer spending and the impact of a slowing global economy

Canadian economy expected to slowA new report by Deloitte Economic Advisory says the Canadian economy is at a crossroads in the business cycle – either strong economic growth will lead to inflationary pressures, or growth will slow to a more moderate and sustainable rate of expansion. But the outlook is anticipating the Canadian economy will slow down to two per…

Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…

A good realtor harnesses their inner chameleon

Tara Molina of RE/MAX talks about how to keep moving forward and stay focused on the things that work for you

A good realtor harnesses their inner chameleonTara Molina is a realtor with RE/MAX Real Estate (Central) in Calgary. Why did you become a realtor? Molina: My love of real estate took form many years ago while living in New York City. During my time in the Big Apple, I worked alongside a designer and was fortunate enough to have the privilege…

WestJet launching non-stop Calgary service to London, Paris and Dublin

‘Alberta's connectivity to the rest of the world is vital for our economy,’ says company president Ed Sims

WestJet launching non-stop Calgary service to London, Paris and DublinWestJet announced on Wednesday that it’s launching non-stop service on board its Dreamliners fleet to London, Paris and Dublin. The company said in launching its first three Boeing 787-9 Dreamliner international destinations from Calgary, WestJet becomes the first Canadian airline to base its Dreamliner aircraft out of YYC Calgary International Airport. “Alberta's connectivity to the rest…

Parkland Fuel Corp. buying 75% of SOL for $1.57 billion

The largest independent fuel marketer in the Caribbean supplies 4.8 billion litres of fuel annually across 23 countries

Parkland Fuel Corp. buying 75% of SOL for $1.57 billionAlberta-based Parkland Fuel Corp. is buying 75 per cent of SOL, the largest independent fuel marketer in the Caribbean, in a deal worth about $1.57 billion. Parkland is Canada's largest and one of North America's fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator. SOL, a privately-held company owned…

Millennials giving up on ever owning a home in a Canadian city

It now takes 53.5 per cent of your income to service the costs of buying a single-family home

Millennials giving up on ever owning a home in a Canadian cityThe proportion of household income needed to service the costs of a single-family home grew to 53.5 per cent in the first quarter of 2018, according to a report released Wednesday. And that is one reason Canadians, especially millennials, are abandoning their dream of ever owning housing in the city and and are now looking to…

Edmonton trails Calgary in building permits in August

Calgary building permits in August were up 17.8% from July, Edmonton's were down 5.6%. Across the province, permit values rose by 1.9%

Edmonton trails Calgary in building permits in AugustThe value of building permits in the Calgary and Edmonton regions headed in opposite directions in August, according to Statistics Canada. The federal agency reported on Wednesday that permit values of $462.7 million in the Calgary census metropolitan area represented an increase of 17.8 per cent from July and up 7.7 per cent year over…
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