How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

How the future of oil and gas in Alberta will affect Calgary’s housing market

The plummeting price of oil is unlikely to affect Calgary’s housing market in the immediate future, but a prolonged slump could eventually leave its mark on the local landscape, say Canadian economists.

“If the recent slide in oil prices turns down the migration taps, construction activity could begin to soften again in Calgary,” said BMO senior economist Robert Kavcic, noting that, in the interim, Calgary’s housing market remains red hot.… Read More

Power of the pump is a post from: CREBNow

As debate starts at City Hall on a proposed four-year budget plan, some Calgarians worry the added costs will leave them behind.

Calgary leads the nation in economic growth, salaries and population increases, and now the city’s budget calls for big hikes in taxes and fees to pay for it all.

Troy Johnson spent his adult life providing for those in need, but the likely tax increases leave him wondering who will look out for him.

“Us folks in the front line working with disabled folks in Calgary, due to government cutbacks on funding and what not, (mean) every penny is super important for us,” said Johnson.

“We just have to really put a lot of work into our budgeting, and make sure we can make it through every week and every month.”

Budget plans include a 4.7 per cent tax increase for each of the next four years.

They also call for significant increases in utilities, including water and waste/recycling fees.

By the end of 2018, the average homeowner will have paid an additional $900 to the city.

However on Monday, councillors claimed it’s a tight, no-frills budget.

“It’s been a part of the conversation that we’ve had on council throughout this whole process, how do we keep the taxes as low as we possibly can while also maintaining some services for those same Calgarians who need them?” said Evan Woolley, councillor for Ward 8.

Calgarians could also pay more for annual transit passes. Tammy Poirier appeared before city council on Monday calling for a freeze on low-income passes.

“Right now with the rent and food increase, it’s going to be impossible for me to be able to afford my bus pass and to get around,” said Poirier.

Disability Action Hall said projected increases may be small, but to many struggling below the poverty line, it could mean staying home and doing without.

“We want to see those low-income transit passes frozen until September 2015 when the data is there to actually make an educated decision on financial impact,” said Colleen Huston with Disability Action Hall.

Huston said it does not make sense to add more buses to transit lines if they will just be passing by poor people, leaving them behind.

The city has set aside two weeks for the budget debate.

City Council started talking budget today, starting with a presentation on Calgary’s Action Plan for 2015-18 by Chief Financial Officer Eric Sawyer.

The Action Plan, released Nov. 4, shows the City has a budget of roughly $22 billion for the next four years.

“Over 50 per cent of the capital program you’re seeing here is going towards growth and new development,” said Sawyer.… Read More

Action Plan: City council budget talks begin is a post from: CREBNow

City Council started talking budget today, starting with a presentation on Calgary’s Action Plan for 2015-18 by Chief Financial Officer Eric Sawyer.

The Action Plan, released Nov. 4, shows the City has a budget of roughly $22 billion for the next four years.

“Over 50 per cent of the capital program you’re seeing here is going towards growth and new development,” said Sawyer.… Read More

Action Plan: City council budget talks begin is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

City Council started talking budget today, starting with a presentation on Calgary’s Action Plan for 2015-18 by Chief Financial Officer Eric Sawyer.

The Action Plan, released Nov. 4, shows the City has a budget of roughly $22 billion for the next four years.

“Over 50 per cent of the capital program you’re seeing here is going towards growth and new development,” said Sawyer.… Read More

Action Plan: City council budget talks begin is a post from: CREBNow

City Council started talking budget today, starting with a presentation on Calgary’s Action Plan for 2015-18 by Chief Financial Officer Eric Sawyer.

The Action Plan, released Nov. 4, shows the City has a budget of roughly $22 billion for the next four years.

“Over 50 per cent of the capital program you’re seeing here is going towards growth and new development,” said Sawyer.… Read More

Action Plan: City council budget talks begin is a post from: CREBNow

City Council started talking budget today, starting with a presentation on Calgary’s Action Plan for 2015-18 by Chief Financial Officer Eric Sawyer.

The Action Plan, released Nov. 4, shows the City has a budget of roughly $22 billion for the next four years.

“Over 50 per cent of the capital program you’re seeing here is going towards growth and new development,” said Sawyer.… Read More

Action Plan: City council budget talks begin is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

Looking to Calgary’s future growth, the City’s Main Streets initiative will both engage citizens and utilize economic research.

At present, the initiative is gathering local perspectives about main streets issues through a number or workshops throughout the city. There are 24 main streets currently in Calgary, according to the Municipal Development Plan, many of which were formed along historic streetcar lines.… Read More

A look at Calgary’s Main Streets initiative is a post from: CREBNow

CALGARY- RCMP have revealed details about a dramatic arrest near Carstairs on Thursday.

They say on Thursday night, a man allegedly shot a gun at a driver to steal their vehicle on highway 2A near Carstairs.

They say the suspect drove south when Mounties began to pursue him.

The vehicle made a full stop in a field west of Beiseker and after a brief standoff, the suspect surrendered.

They say three guns, brass knuckles, and drugs were found in his possession.

39-year-old Jody Dullian of Drayton Valley now faces nearly two dozen charges including discharge of a firearm, flight from police, and sexual assault.

Dullian will appear in Didsbury provincial court on Monday.

CALGARY- RCMP have revealed details about a dramatic arrest near Carstairs on Thursday.

They say on Thursday night, a man allegedly shot a gun at a driver to steal their vehicle on highway 2A near Carstairs.

They say the suspect drove south when Mounties began to pursue him.

The vehicle made a full stop in a field west of Beiseker and after a brief standoff, the suspect surrendered.

They say three guns, brass knuckles, and drugs were found in his possession.

39-year-old Jody Dullian of Drayton Valley now faces nearly two dozen charges including discharge of a firearm, flight from police, and sexual assault.

Dullian will appear in Didsbury provincial court on Monday.

Here is your Morning News Rundown for Monday, Nov. 24:

Calgary budget: Don’t expect much change to 4.7 per cent tax hike, Nenshi says – Metro Calgary

Education, residential mix eyed for Calgary’s Booth Centre in East Village – Metro Calgary

Forget city living: Canadian seniors are moving to the suburbs, study finds – Financial Post

How to co-buy a home with your friend in Canada’s expensive market – Financial Post

Turning hotel into affordable housing no easy feat for Drop-in Centre – Calgary Herald

Morning News Rundown is a post from: CREBNow… Read More

Morning News Rundown is a post from: CREBNow