Greatest Boom Ever

A neighbourhood in Edmonton has been marked as one of the coolest in Canada, according to a new list from Maclean’s.       Read more: https://tinyurl.com/45ymm6ut     

This week brings a grab bag of mortgage updates, featuring musings from Canada Mortgage and Housing Corp. CEO Coleen Volk, Realtor.ca CEO Scott Neil, and concerning new developments in the mortgage rate market.       Read more: https://tinyurl.com/y4ef5z6t  

The New York Times conducted a one-hour interview with that city’s 34-year-old Mayor Zohran Mamdani, who calls himself a Democratic Socialist — and who many of us would consider a radical left-winger.     Read more: https://tinyurl.com/3czruju8        

It’s not the hit medical drama from HBO. In Wîhkwêntôwin, “the pit” refers to the site of a cancelled construction project and its several-metre-deep excavation that’s sat agape for years.       Read more: https://tinyurl.com/2x483mhj  

For the past two years, the national immigration conversation has been loud and polarized. Yet one perspective remains underrepresented: the employers who are trying to hire, train, and retain workers in today’s labour market.       Read more: https://tinyurl.com/36edd6p6  

Darwin had the fastest-selling suburb for homes across the country last financial year, with new data revealing the Northern Territory’s housing market was one of Australia’s best performers.       Read more: https://tinyurl.com/49tu5rkt     

More than six months into construction, a city project to build a replacement line for the Bearspaw South feeder main has passed the halfway point.       Read more: https://tinyurl.com/bdzbp8bw     

Calgary’s luxury resale real estate market is not exactly hot. Then again, it’s not ice cold either. Rather, a new report suggests it is clipping along at a modest pace driven by local buyers seeking the right home for their needs.       Read more: https://tinyurl.com/4tmaxwmy     

It’s no secret buyers’ dollars go further in Canadian cities not named Toronto or Vancouver, and a new study from Zoocasa shows just how much further down payments go in other major markets when purchasing a single-family detached home.       Read more: https://tinyurl.com/y 849s 4xj  

Homeownership affordability is improving in Canada, a new report has found. RBC Economics’ recent national housing affordability survey revealed that Canada’s housing market in the first quarter of this year had among the most favourable conditions for buyers over the past four years.   Read more: https://tinyurl.com/y6msbshj     

Qualico Communities has officially broken ground on Stonegate, a 460-acre master-planned development that will bring more than 2,500 homes, commercial spaces and future employment opportunities to one of the city’s fastest growing corners.   Read more: https://tinyurl.com/54ffrxks     

The city’s real estate market has a reputation for being among the most affordable major markets in the nation, but a new report suggests Edmonton’s luxury segment is one of the hottest in Canada. Re/Max Canada’s 2026 Spring/Summer Spotlight on Luxury Report shows that Edmonton has had the largest year-over-year percentage sales growth for homes priced $1.5 million or more in Canada at nearly 48 per cent.       Read more: https://tinyurl.com/58jbktj9      

The best performing asset class of this decade is also the most under owned. Since October 2020, when we first called for a decades-long super-cycle in commodities, the broad commodity indices like the S&P GSCI are up 200 per cent; gold 140 per cent. This year commodities are up 37 per cent with petroleum up 81 per cent. The bottlenecks rotated – gold, copper, silver, coffee, cocoa, oil and most recently diesel. But not the trend. In contrast, crypto indices are up 157 per cent, the Nasdaq 145 per cent and the S&P 500 117 per cent. By investor returns, hard assets have beaten technology.       Read more: https://tinyurl.com/nh9rkwd9     

The Town of High River has approved an increase in rental rates for its affordable housing units, marking the first adjustment since 2019.         Read more: https://tinyurl.com/2femap9t