What does the future hold for Calgary’s economy?

The economy is experiencing its most significant transformation since the industrial revolution. It's time for Calgary to get creative

What does the future hold for Calgary’s economy?There's only one certainty in life: change. So the next wave of prosperity in Calgary, Canada's most dynamic city, will probably not be driven by another oil and gas boom. There's an old saying that “nothing fails like success.” This proverb is used to describe a tendency to stick with what we're good at, simply…

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…

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…

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…

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…

Building bridges of trust to energy decision-making

Part 2 of a six-part series: Positive Energy is one of the key entities capable of constructively shaping the way Canadians understand and discuss energy issues

Building bridges of trust to energy decision-makingCanada's energy scene desperately needs a pracademy: a place where theory meets practice; where dialogue is robust and respectful; where ideas become reality and find purpose in everyday life. It’s a place where practitioners and academics put their heads together in a powerful ‘four-D’ combination of idea development, discussion, decisions and deployment. So what would an…

Open the door to more affordable housing in Calgary

Calgary’s new city council must encourage secondary suites, remove parking requirements and streamline the housing permit process

Open the door to more affordable housing in CalgaryBy Steve Lafleur and Josef Filipowicz The Fraser Institute Calgary Mayor Naheed Nenshi won a third term last month, giving him four more years to address the city’s most pressing issues, including housing. Many Calgarians – like many Vancouverites, Torontonians and other Canadians – worry about housing affordability as the city continues to grow. Among…

Ottawa’s Supercluster initiative a mess of monumental proportions

The Liberal's Great Supercluster Screw-up just another drain on Canadian taxpayers

Ottawa’s Supercluster initiative a mess of monumental proportionsGovernments always want to look like they’re implementing good ideas and accomplishing important things. Take the Innovation Superclusters Initiative (ISI) for example. The federal government plans to throw almost a billion tax dollars at non-profit groups to create jobs and help Canadian companies dominate the world. As crazy as it sounds, that’s the ostensible reason…

Calgary ready to move mountains to land Amazon HQ2

Hey Amazon. Not saying we’d fight a bear for you … But we totally would

Calgary ready to move mountains to land Amazon HQ2The Bible told us the meek will inherit the Earth, but the timid approach isn’t going to attract Amazon’s second corporate headquarters. The competition is intense among dozens of cities across Canada and the United States to be the location for the $5 billion US development. Calgary Economic Development quickly decided Calgary was in. And…

Calgary’s potential for renaissance can be found in its history

Here's how the best of the city's founders would approach the problem of rebuilding the city

Calgary’s potential for renaissance can be found in its historyCalgary is becoming a city of ghosts. And it’s from ghosts that salvation may be found. I lived there for 30 years and pursued three careers – in oil, academia and museology, about one a decade. Each time I moved on, I did so enriched by stories of the founders of Calgary and with new…