Alberta hotel market growing despite economic challenges

Supply and demand growth in Alberta in 2019 are projected at 0.7 per cent and one per cent respectively for Edmonton and Calgary.

Alberta hotel market growing despite economic challengesAlberta’s hotel market continues to experience challenges in the wake of the province’s economic downturn, but Edmonton and Calgary are beginning to develop green shoots, according to a new report released Tuesday by commercial real estate firm CBRE. The report said supply and demand growth in Alberta in 2019 are projected at 0.7 per cent…

EI beneficiaries rise across Alberta

Third consecutive monthly increase in the province coincided with ongoing weakness in the oil industry: StatsCan

EI beneficiaries rise across AlbertaThe number of people receiving regular Employment Insurance benefits increased in January across Alberta, including the Calgary and Edmonton regions, according to Statistics Canada. “This was the third consecutive monthly increase in the province and coincided with ongoing weakness in the oil industry. This increase was also spread across most occupational groups, notably natural and…

Alberta tech sector in early stages of development but maturing

Almost a third of tech companies in the province are led by a female founder or co-founder: survey

Alberta tech sector in early stages of development but maturingThe 2018 Alberta Tech Deal Flow Study released by Alberta Enterprise Corp. indicates nearly one in four companies are earning more than $1 million annually. Findings revealed Alberta offers significant early stage opportunity for tech investors, with 54 per cent of companies surveyed at the Pre-Series A stage and 70 per cent of Alberta tech…

January unemployment rate rises in Alberta

Rose to 6.8% for the month, up from 6.4% in December: StatsCan

January unemployment rate rises in AlbertaThe unemployment rate in Alberta rose slightly in January as the province shed 15,500 jobs, according to data released Friday by Statistics Canada. The federal agency reported that Alberta’s unemployment rate rose to 6.8 per cent for the month, up from 6.4 per cent in December. Employment declined for the second straight month in the…

Building permit value drops in Calgary and Edmonton

But across Alberta, building permits were on the rise thanks to a very strong non-residential push

Building permit value drops in Calgary and EdmontonThere's some interesting and conflicting data out on Wednesday from Statistics Canada about the value of building permits in December in Alberta. The federal agency reported that building permits of $427.4 million in the Calgary census metropolitan area fell by 5.4 per cent on a month-over-month basis and by 5.8 per cent year over year.…

Pembina announces $4.5B petrochemical facility for Alberta

Facility near Edmonton is expected to be in service in mid-2023, subject to environmental and regulatory approvals

Pembina announces $4.5B petrochemical facility for AlbertaCalgary-based Pembina Pipeline Corp. announced on Monday that it’s proceeding with a $4.5-billion Alberta project with joint venture partner Petrochemical Industries Co. of Kuwait. The partnership will construct a 550,000-tonne-per-year integrated propane dehydrogenation (PDH) plant and polypropylene (PP) upgrading facility near Edmonton. “The PDH/PP facility will be strategically located in Alberta's Industrial Heartland, adjacent to Pembina's Redwater…

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…

Regular EI beneficiaries down in Calgary and Edmonton

The number of recipients in Canada declined by 13%, with all provinces recording year-over-year decreases

Regular EI beneficiaries down in Calgary and EdmontonThere were 46,200 Albertans receiving regular Employment Insurance benefits in November, 1.5 per cent fewer than in October, according to Statistics Canada. The number of EI beneficiaries was down 680 from the previous month. On an annual basis, that was also down by 17,250 or 27.2 per cent. “In general, variations in the number of…

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.…
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