For those who are concerned about the value of their house plunging in the current economic downturn, the Canadian Mortgage and Housing Corporation?s (CMHC) most recent forecast should offer some comfort. According to its forecast, homeowners in Alberta?s two largest cities face little risk of a major housing price collapse. The average MLS® selling price of an existing home in Calgary peaked in 2014 at $460,584 (this figure is based on an average of all properties, including single detached ... Full Article...

Capital spending on new construction, machinery and equipment is expected to pull back sharply in Alberta, according to the latest survey information from Statistics Canada released this morning. This comes on the heels of a similar sized reduction in 2015, which followed the record-setting year in 2014. Total industry intentions for spending on capital investment this year is forecast to be just over $66 billion. The preliminary estimate from last year was $75 billion. This equates to a ...

The economic downturn has more Albertans opting to eat meals at home rather than at restaurants and pubs. Yet even with the recent pull-back, diners in this province are still spending more than most other Canadians.Over most of the last five years, per capita spending at restaurants and bars in Alberta was by far the highest in the country. It peaked at just under $180 per person, per month, right around the middle of 2014. Not coincidently, that was when oil prices reached a peak of $US 107 ... Full Article...