Investment in building construction plunges in Canada

Investment in building construction plunged 45.9 per cent to $8.4 billion in April compared with the previous month, says StatsCan

Investment in building construction plunges in CanadaInvestment in building construction plunged 45.9 per cent to $8.4 billion in April compared with the previous month, reported Statistics Canada on Monday. Previously, the largest national decline on record for the current series (which dates back to 2010) was a 3.9 per cent decrease in August 2017, said the federal agency. “Both the residential…

Calgary sees year-over-year decrease in new home prices

Delays in housing construction and new phases of development, as well as lower new home sales are forecast to continue in the short term

Calgary sees year-over-year decrease in new home pricesIn May, for the fourth month in a row, new home prices decreased in Regina (-4.0 per cent) and Calgary (-1.5 per cent) year over year, according to Statistics Canada. In a report released Thursday, the federal agency said the New Housing Price Index rose by 0.1 per cent at the national level in May…

Housing starts on a downward decline in Calgary region in May

The number of housing starts in the Calgary region fell by 11 per cent in May from year-ago levels, says the Canada Mortgage and Housing Corporation

Housing starts on a downward decline in Calgary region in MayThe number of housing starts in the Calgary region fell by 11 per cent in May from year-ago levels, according to new data released Monday by Canada Mortgage and Housing Corporation. The federal agency reported that single-detached starts of 262 in the Calgary census metropolitan area for the month was down 11 per cent from…

More than 100,000 jobs lost in Alberta since a year ago

Statistics Canada reported that payroll employment in the province in March was down 94,500 positions from April and by 107,900 from March 2019

More than 100,000 jobs lost in Alberta since a year agoAlberta has lost more than 100,000 jobs from a year ago, according to data released Thursday by Statistics Canada. The federal agency reported that payroll employment in the province in March was down 94,500 positions from April and by 107,900 from March 2019. Alberta continued to have the highest average weekly earnings of all provinces…

New housing construction delays and lower sales expected in short term

Annual price movements have been negative since February 2018 in Regina and since July 2018 in Calgary, says Statistics Canada

New housing construction delays and lower sales expected in short termAs the economy gradually begins to reopen, housing construction delays and lower sales activity of new homes are forecasted in the short term, says a new report released Thursday by Statistics Canada.  However, buyer demand is expected to rebound and new housing prices could remain stable or even increase in hot housing markets where demand…

Housing starts soar in Calgary/Edmonton in March

Housing starts in Calgary of 376 in the single-detached sector were up 102% from a year ago while they rose by 44 % to 374 units in Edmonton

Housing starts soar in Calgary/Edmonton in MarchThe number of new homes that started construction in March in the Calgary and Edmonton regions soared, according to new data released Wednesday by Canada Mortgage and Housing Corporation. The federal agency reported that housing starts in the Calgary census metropolitan area of 376 in the single-detached sector were up 102 per cent from a…

Single-detached housing starts soar in Calgary/Edmonton

But housing starts in the "all others" category, which include condominiums fell in both the Calgary and Edmonton markets

Single-detached housing starts soar in Calgary/EdmontonThere was good news for the homebuilding industry and the housing markets in the Calgary and Edmonton regions in February. Data released Monday by Canada Mortgage and Housing Corporation shows that housing starts in the single-detached markets for those cities soared during the month compared to year-ago levels. In the Calgary census metropolitan area, single-detached…

Decline in Alberta investment for building construction

Residential construction investment in Alberta fell 15.3% year-over-year to $11.7 billion while investment in non-residential declined 4.3% to $8.9 billion

Decline in Alberta investment for building constructionIt was a tough year in 2019 in Alberta for investment in building construction. Statistics Canada reported Monday that investment in both residential construction and non-residential construction was down compared to 2018. The federal agency said investment in residential construction in Alberta fell by 15.3 per cent year-over-year to $11.7 billion while investment in non-residential…

Housing starts fall in Calgary and Edmonton

In Calgary, single-detached starts fell by 4% to 259 units while the 'all other' category, which is primarily condo/apartments, was down 11% to 383

Housing starts fall in Calgary and EdmontonIt was a slow start to the year for homebuilders in Calgary and Edmonton. According to data released Monday by Canada Mortgage and Housing Corporation, the total number of housing starts in the Calgary census metropolitan area of 642 in January was down eight per cent compared to a year ago while in the Edmonton…

Busy construction year for Calgary industrial real estate

The industrial real estate market ended 2019 with an availability rate of 8.6 per cent which was slightly down from a year ago

Busy construction year for Calgary industrial real estateCalgary’s industrial real estate market had a busy year in 2019 with new construction adding 5.3 million square feet to the city’s inventory, says a new report by Cushman & Wakefield. The report said net absorption - which is the change in occupied space in the market - was a positive more than 4.9 million…
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