Edmonton ranks as top city in Canada for youth employment

Calgary 13th in an index that measures a variety of factors, including education, entrepreneurship and affordability

Edmonton ranks as top city in Canada for youth employmentEdmonton is rated as the top city for youth to work in the inaugural YouthfulCities Urban Work Index, the first of its kind to look specifically at urban work in Canada Calgary ranked 13th. The index, which was released on Monday, was funded by RBC Future Launch and ranks 21 Canadian cities based on 48…

Edmonton, Calgary malls among the most productive in Canada

Edmonton’s Southgate Centre and Calgary’s CF Chinook Centre among top 10 in sales per square foot

Edmonton, Calgary malls among the most productive in CanadaEdmonton’s Southgate Centre and Calgary’s CF Chinook Centre are listed among the most productive malls in Canada, according to the Canadian Shopping Centre Study 2018 by the Retail Council of Canada. The study said Southgate was the fifth most productive mall with sales per square foot in 2018 of $1,128, down 1.66 per cent from $1,147.00…

Growth forecast for tourism industries in Calgary and Edmonton

Large sporting events, improving economy play roles in Conference Board report's projections

Growth forecast for tourism industries in Calgary and EdmontonThe tourism industries in Calgary and Edmonton are expected to improved this year and the coming years, according to a report by the Conference Board of Canada. The board’s Travel Markets Outlook: Metropolitan Focus report is forecasting solid growth for both Alberta cities. For Calgary, the report said tourist activity was stimulated in 2018 by…

Edmonton, Calgary repeat home sales prices off more than 5%

Nationally, the composite of 11 markets was off by 0.95% from the peak in September 2018

Edmonton, Calgary repeat home sales prices off more than 5%(Troy Media) Prices for repeat home sales in Edmonton and Calgary are more than five per cent off from their peaks, according to the latest Teranet-National Bank House Price Index. The report shows that in December prices in Edmonton have fallen by 5.55 per cent from their peak in September 2007, while prices in Calgary…

Calgary and Edmonton home prices up in 4th quarter

Bungalow and two-storey house prices rise in both cities, condominium prices decline

Calgary and Edmonton home prices up in 4th quarterHome prices in Calgary and Edmonton increased in the fourth quarter of 2018, according to a report released on Friday by real estate company Royal LePage. According to the Royal LePage House Price Survey, the aggregate home price in Calgary increased 1.3 per cent year over year to $484,462 in the fourth quarter of 2018.…

Calgary and Edmonton regions housing start woes continue

Dropped by 36 per cent compared with a year ago in the Calgary region; by 19 per cent in the Edmonton region

Calgary and Edmonton regions housing start woes continueThe number of housing starts in both the Calgary and Edmonton regions were on the decline in December, according to data released Wednesday by Canada Mortgage and Housing Corporation. The federal agency reported that single-detached starts of 223 in December in the Calgary census metropolitan area dropped by 36 per cent compared with a year…

Housing more affordable in Calgary, Edmonton than other major markets

The share of income you would need for housing costs was 28.2% in Edmonton and 43.4% in Calgary in the third quarter of this year

Housing more affordable in Calgary, Edmonton than other major marketsCalgary and Edmonton continue to be among the most affordable major centres in Canada to own a home, according to the latest Housing Trends and Affordability report by RBC Economic Research. The share of income a household would need to cover ownership costs was 43.4 per cent in Calgary and 28.2 per cent in Edmonton…

Amazon building one-million-square-foot facility in Leduc County

Construction will create about 700 jobs. And 600 people will be employed once the centre is complete. It’s scheduled to open in early 2020

Amazon building one-million-square-foot facility in Leduc CountyAmazon is building a one-million-square-foot fulfilment centre in Leduc County, just south of  Edmonton. In a announcement on Monday, ONE Properties and TD Greystone Asset Management said the facility will be developed on 58 acres of land within Border Business Park, a development at the centre of Alberta’s industrial hub. This will be Amazon’s second…

Calgary/Edmonton repeat home sale prices head downward

Repeat home sale prices fell by 0.6 per cent from the previous month in both Alberta cities. A November decline is not the norm

Calgary/Edmonton repeat home sale prices head downwardBoth Calgary and Edmonton saw decreases in the prices of repeat home sales in November, according to the Teranet-National Bank National Composite House Price Index. Prices fell by 0.6 per cent from the previous month in both Alberta cities. Nationally, the index was down 0.3 per cent from the previous month. “A November decline is…

Debt-to-income ratios falling in Calgary and Edmonton

The Canadian ratio has now paused, but it remains near a record high, hovering around 170%

Debt-to-income ratios falling in Calgary and EdmontonCalgary and Edmonton have seen significant year-over-year declines in debt-to-income ratios, according to a new report by Canada Mortgage and Housing Corp. In both Alberta cities, the ratio was 162 per cent in the first quarter of this year compared with 170 per cent in the first quarter of 2017. “The drops in Calgary and…