Calgary and Edmonton awash with new homes sitting empty

ATB report says the last time there was this much oversupply was during the financial crisis of 2008

Calgary and Edmonton awash with new homes sitting emptyAlberta’s homebuilders continue to struggle from the impact of the recession in 2015 and 2016. A report released on Wednesday by ATB Financial’s Economics & Research Team says Alberta’s major cities are awash in new houses with few people eager to call them home. The last time there was this much oversupply was during the…

China syndrome: how long does HNIC stick with Huawei?

And are the Leafs negotiating with Auston Matthews? Are the Calgary Flames the real deal? Where does that leave the Oilers?

China syndrome: how long does HNIC stick with Huawei?Huawei did they go? That was the question on Saturday as Hockey Night In Canada hit the airwaves. The financial world has been roiling since Huawei’s chief financial officer, Meng Wanzhou, was arrested by Canadian officials in Vancouver on Dec. 1. She faces extradition to the United States, where she is accused of helping Huawei circumvent…

Stumbling Oilers now have a Hitch in their step

Tough love has long been Ken Hitchcock’s calling card in the NHL. But does it work on young men who are multimillionaires?

Stumbling Oilers now have a Hitch in their stepIf Ken Hitchcock is the answer for the Edmonton Oilers, what’s the question? Probably something like: How badly have we pissed people off? The National Hockey League team that dares to be known by first-overall picks alone finds itself spinning out of control yet again. The Oilers are dropping like a stone in the ultra-competitive…

Calgary and Edmonton economies continue to recover

But the pace of growth is moderating, according to the Conference Board of Canada’s Metropolitan Outlook: Autumn 2018

Calgary and Edmonton economies continue to recoverThe economies of Calgary and Edmonton continue to recover from the recession of 2015 and 2016, but the pace of growth is moderating, according to the Conference Board of Canada’s Metropolitan Outlook: Autumn 2018, which was released on Tuesday. “Pipeline capacity constraints mean the energy sector and related industries in the two Alberta cities are…

Repeat home sale prices for Calgary and Edmonton dip in October

Nationally, the survey of 11 major centres saw the composite price drop by 0.4%

Repeat home sale prices for Calgary and Edmonton dip in OctoberCalgary and Edmonton saw prices for repeat home sales decline in October, according to the Teranet and National Bank National Composite House Price Index, which was released on Thursday. Calgary prices dropped 0.3 per cent from September and fell by 0.7 per cent in Edmonton. Nationally, the survey of 11 major centres saw the composite…

Calgary, Edmonton housing sales dip greater than national average

‘The balance between sales and listings for housing markets in Alberta indicates a weak pricing environment’

Calgary, Edmonton housing sales dip greater than national averageMLS sales in Calgary and Edmonton dipped in October by a larger number than across Canada. Statistics released Thursday by the Canadian Real Estate Association said sales in the Calgary region of 1,676 during the month were down 9.2 per cent from a year ago while in the Edmonton region sales fell by 11. 2…

New home prices remain flat in Calgary/Edmonton regions

StatsCan said prices across the country were unchanged for a second consecutive month despite increases in some pockets

New home prices remain flat in Calgary/Edmonton regionsNew house prices remained fairly flat in September for the Calgary and Edmonton regions, according to a new report released on Thursday by Statistics Canada. The federal agency’s New Housing Price Index said prices in the Calgary census metropolitan area were down 0.2 per cent from August and flat in the Edmonton census metropolitan area.…

Alberta homebuilders experience slower October

Starts were down 28% in the Calgary region and off by 40% in the Edmonton region and across the rest of the province

Alberta homebuilders experience slower OctoberOctober was a much slower month for homebuilders across the province. A report released by Canada Mortgage and Housing Corp. on Thursday said overall starts in October were down 28 per cent in the Calgary region, off by 40 per cent in the Edmonton region and declined by 40 per cent across the province. Calgary…

Calgary, Edmonton building permits slide in September

Across the province, the residential sector recorded building permit values of $543.7 million, off by 21.4% year over year

Calgary, Edmonton building permits slide in SeptemberThe value of building permits fell in September in both the Calgary and the Edmonton regions. Statistics Canada reported on Tuesday that building permits of $382 million in the Calgary census metropolitan area dropped by 16.8 per cent month over month and by a whopping 43.1 per cent year-over-year. The same pattern held true for…

Consumer prices higher in Calgary, Edmonton from a year ago

Gasoline prices were up 12% in the 12 months to September, following a 19.9% increase in August: StatsCan

Consumer prices higher in Calgary, Edmonton from a year agoConsumer prices rose in September on a year-over-year basis across Alberta and in the province’s major cities of Calgary and Edmonton, reported Statistics Canada on Friday. The federal agency said the Consumer Price Index was up by 2.8 per cent in Calgary, 3.3 per cent in Edmonton and 3.0 per cent in Alberta. Month-over-month, however,…