Calgary and Edmonton real estate markets remain sluggish

In Calgary the benchmark real estate price was down 2.24 per cent from a year ago. In Edmonton, it was down 2.07 per cent

Calgary and Edmonton real estate markets remain sluggishHouse prices can help tell you what’s happening in a local economy. A good indication of that came out on Monday when the Canadian Real Estate Association released its monthly MLS data for August. The report showed that in Calgary the benchmark price, which reflects the typical property in a market, was $426,800 for the…

Repeat home sale prices off their peaks in Calgary, Edmonton

Home prices for repeat sales in Canada reached their peak in August, but the Calgary and Edmonton continue to struggle

Repeat home sale prices off their peaks in Calgary, EdmontonHome prices for repeat sales in Canada reached their peak in August, but the Calgary and Edmonton markets continued to struggle. According to the Teranet–National Bank National Composite House Price Index, prices in 11 metropolitan markets in Canada rose by 0.24 per cent from July as individual market indexes were up in eight of those…

Edmonton Eskimos are being forced to play the name game

The CFL team has carried the name for a long time and it’s not racist or demeaning in any way

Edmonton Eskimos are being forced to play the name gameThe Edmonton Eskimos are legendary. From the time of Jackie Parker and Normie Kwong, they’ve been one of the toughest contenders in the Canadian Football League. Now they face demands to change their name. Some Inuit and other Indigenous groups say the name is racist and demeaning, and ‘Eskimos’ must go. According to critics, the…

Calgary sees job losses in August; Edmonton employment spikes

Calgary’s unemployment rate rose to 8.2% in August from 7.9% in July while Edmonton’s dipped to 6.4% from 6.5%

Calgary sees job losses in August; Edmonton employment spikesLabour force data released on Friday by Statistics Canada continues to show distinct differences between Alberta’s two major cities. Calgary’s employment market continues to struggle while Edmonton is heading in a positive direction. The federal agency reported that Calgary’s unemployment rate rose to 8.2 per cent in August from 7.9 per cent in July while…

Building permits head in opposite directions in Calgary and Edmonton

July values reached $508.2 million in Calgary, up 13% from June. But the Edmonton values dropped 22.3% to $383.2 million

Building permits head in opposite directions in Calgary and EdmontonIt was a tale of two cities in July between Calgary and Edmonton when it came to building permits. A report released on Thursday by Statistic Canada indicated the value of building permits in the two major Alberta centres went in opposite directions for the month. For the Calgary census metropolitan area, permit value reached…

Connecting the dots in the summer of smoke

Right across Canada, dramatic signs of climate change are casting a pall on the landscape

Connecting the dots in the summer of smokeThe last five summers at Skelhp, on B.C.’s Sunshine Coast, have been progressively drier. We’ve had one significant wildfire nearby, in Sechelt Inlet, which wafted ash in a big brown plume over our regional air shed. The smoke from this fire three years ago caused us to close all the windows in the July heat…

Real estate recovery on Alberta’s horizon?

But Real Estate Investment Network's Don Campbell says Calgary and Edmonton are at different points in their recoveries

Real estate recovery on Alberta’s horizon?Don Campbell is senior analyst with the Real Estate Investment Network. Calgary’s Business: Where is Calgary at in the real estate cycle? Campbell: Calgary’s market right now, from the technical view, is really an interesting study. Despite what the year-versus-year stats are saying, technically the Calgary market continues to operate in the late-slump quadrant of…

Alberta resale housing market continues to struggle

But RBC's forecast for the province says 2019 will see a rise in sales of 4.1% year over year to 56,100 and an increases in price of 2.2%

Alberta resale housing market continues to struggleAlberta’s resale housing market is experiencing a setback this year despite further recovery in the provincial economy, says a new report by RBC Economic Research. The bank’s Canadian Housing Market Forecast Update said sales in 2018 are expected to drop by 5.8 per cent from 2017 to 53,900 units. But it says 2019 will see…

Calgary, Edmonton house prices head in different directions

Edmonton prices were up 0.66 per cent from June and by 0.31 per cent from July 2017. Calgary prices dipped by 0.11 per cent year over year

Calgary, Edmonton house prices head in different directionsCalgary and Edmonton housing markets are headed in opposite directions, according to a new real estate survey released on Tuesday. The monthly Teranet-National Bank National Composite House Price Index, which monitors repeat home sales, showed that prices in Edmonton in July were on the rise while they fell in Calgary. Prices in the capital city…

Solid quarter results for Calgary-based Boardwalk REIT

‘With the rental market in Alberta reaching a level of balance, we continue to focus on executing on our revenue growth strategy’

Solid quarter results for Calgary-based Boardwalk REITCalgary-based Boardwalk Real Estate Investment Trust had what it calls a “solid’ second quarter with gains in rental revenue as well as average occupancy and average monthly rents throughout its portfolio. “The positive revenue trend that began approximately nine months ago from improved occupancy and higher rents as a result of our front-loaded investment in…