Alberta Economy

Balsac - Amazon Update

Calgarys Realty - Amazon 600,000 sq.ft Distribution Centre

Rumour has it that Amazon is hiring in Airdrie - Check to see if there is any truth to it. Amazon is setting up a massive 600,000 square foot Distribution Centre in the town of Balzac, just north of the City of Calgary; and minutes from the nearby city of Airdrie. About one hundred and fifty jobs are projected to be created during the construction phase. The building is scheduled to begin operation in the fall of 2018, when 750 full time positions are projected. Amazon has three corporate offices in Canada; one of which is located in Vancouver.


TransMountain Pipeline - Update

YransMountain Pipeline

An update to the building of the Trans-Mountain Pipeline.On real estate matters, that are now being discussed in Calgary real estate; and has to do with the TransMountain pipeline...And as I did; on a previous Trans-Mountain Pipeline blog. Because there is a legal challenge, to the building of the pipeline before the courts; this project will be a little delayed; but not for long. All levels of government, including the official opposition, are in favor of building the TransMountain pipeline. And means, that with a predictable prevailing of the federal government over the judge that ruled in favor of the plaintiffs; and that in the new year, the Federal government will prevail; and there will be a resurgence in the Calgary real estate market with a predictable upsurge in house price.


TransMountain Pipeline

Calgarys Realty - TransMountain Pipeline - City Centre Real Estate

Natural Resources minister Sohi says work on  the TransMountain pipeline is proceeding. When completed, 590000 barrels of Alberta oil per day, will be deliverd to the Burnaby terminal for export. The construction of the TransMountain pipeline is to be completed by December 2020; and is projected to be completed at a cost of $8.4 Billion dollars. At present workforce housing is being built; Stockpile sites are being prepared. And work continues at the Marine terminal in Burnaby, BC, says Minister Sohi. Preparatory work on the pipeline route is schedule to start August 25 in Alberta. And Kinder Morgan Canada LTD. is preparing to lay pipe in the ground in Alberta, by January 2019. [Source Geoffrey Morgan FP]This means the Alberta economy is set to receive a much needed boost for the next two years. Expect house prices to rise with the combination of a robust Canadian economy and accelerated Alberta economy, Interest rates...