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December 2008 - Posts
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A break in gasoline prices and a few deals at the mall drove inflation down in Alberta again in November, with consumer prices inching up 2.1 per cent from a year ago. While deals were sure to be had at the gas pump, where prices were down 12.4 per cent, Read More...
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Headlines continue to inform us rather harshly that housing sales are down. According to Canadian Real Estate Association figures, Alberta experienced a year-over-year decline in MLS sales of almost 35 per cent, while prices dropped by 4.2 per cent to Read More...
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Each morning, Mike Rogers catches a bus at a stop four doors from his house. "I pay a pretty huge premium," he says of the $240-a-month fee, "but it's worth it." The daily service, operated by local charter bus companies, is offered Read More...
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Citizens averse to multi-family units in their neighbourhoods The LRT line is ugly and in the wrong place. That multi-family building will add too much traffic to the neighbourhood. A highrise near an LRT station doesn't fit, causing cars to cut through Read More...
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Global turmoil takes toll on real estate; Alberta MLS numbers fall 35 per cent The MLS residential market is continuing to reflect the grim economic reality in the country. Sales have plunged from a year ago, average sale prices have dropped and a forecast Read More...
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As the country's finance ministers meet to plot an economic course, Premier Ed Stelmach warned Tuesday that deflated energy prices may technically send debt-free Alberta into deficit this fiscal year and force the province to tap its $7.7-billion Read More...
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Federal officials told CMHC it could overburden borrowers Canada Mortgage and Housing Corp. officials ignored warnings from senior Finance Department and Bank of Canada officials during the past two years that its active business in high-risk mortgage Read More...
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Decline is steepest since 1991; Calgary Market Slides New house prices in Calgary declined by 1.6 per cent in October on a year-overyear basis--the largest decline for the metropolitan area since November 1991, said Statistics Canada. The New Housing Read More...
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checkCookie(); Pricey plans for the city to acquire the Cecil Hotel have some critics cringing. The Sun has learned the cost for the notorious watering hole is more than $10 million, a deal that aldermen will debate behind closed doors Monday. A tentative Read More...
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Housing starts in the Calgary census metropolitan area continued their downward spiral in November, falling by 26 per cent compared with the same month a year ago. Those numbers, released by Canada Mortgage and Housing Corp. on Monday, were fuelled by Read More...
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Calgary Economic Development is establishing a Global Business Centre to increase international trade activity in southern Alberta. The 7,000-square-foot centre, which is scheduled to open in the second quarter of 2009, will be located along Stephen Avenue Read More...
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People are territorial by nature. So it comes as no surprise when residents who might in principle support a concept that makes our city a better place to live rise up in protest when they find out it might be coming to their neighbourhood. Such was the Read More...
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City running out of cash, land for burials With municipal cemeteries facing both a land and a cash crunch, a Calgary alderman believes he has a solution for one of the problems. Ald. Ric McIver said Wednesday he'll soon propose skimming off some of Read More...
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French oilsands player readying $19B bid for Nexen: report CALGARY - Shares in Nexen Inc. rose 11 per cent Tuesday after a report said that French oil major Total SA is poised to make a $19.7-billion takeover offer for Canada's No. 4 independent oil Read More...
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Mayor fears province will increase property tax take Mayor Dave Bronconnier used a report examining funding options for municipalities to once again pitch that the province should stop collecting the education portion of property taxes. "We fully Read More...
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Alberta still ranked No. 1 for investors Alberta continues to have the best investment climate of any province and Ontario, which historically has ranked first or second, has slipped to fifth spot, the Vancouver-based Fraser Institute said in releasing Read More...
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MLS sales fall below pre-boom levels amid downturn It is becoming increasingly difficult to sell a home in the Calgary residential real estate market. Statistics released by the Calgary Real Estate Board on Monday show that MLS sales in November plunged Read More...
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Calgary business leaders fret The deepening political battle in Ottawa has unnerved Calgary's business leaders, who say uncertainty in the midst of an ongoing economic crisis jeopardizes Canada's status as a safe-haven. But environmentalists welcomed Read More...
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Calgary MPs fear fallout in Alberta Bewildered Calgary Tory MPs girded Monday for the distinct possibility their party could be relegated back into opposition within days, and lamented how a newly elected government could fall victim to an unprecedented Read More...
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For immediate release Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Kelowna , BC ( December 3, 2008 ) -- Global economic uncertainty weighed Read More...
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Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Global economic uncertainty weighed heavily on residential real estate activity in most major Read More...
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Region's plan: protect lands, intensify growth A vision for the region's future would limit development on the area's green space and farmland and concentrate new populations in designated zones or corridors. The preliminary version of the Read More...
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Alberta floats idea of financial hub The Stelmach government has launched exploratory talks with banks big and small on establishing a western-based "financial hub" that clusters more of the operations of the banking sector in Alberta and turns Read More...
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Calgary Transit looks ahead with new study Calgary Transit is launching a gigantic survey of riders on all 164 routes to determine what it's doing right--and wrong--and to help plan future service. The transit agency will seek about 21,500 respondents Read More...
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