Category Archives: Alberta News

Relevant Information for Albertan residents and investors alike

New NDP government reverses PC mortgage tax hike

The PC budget increased the variable Mortgage Tax and Land Transfer fees from $1 to $6 for every $5,000 of property value which would have taken effect on July 1, 2015. It also increases the fixed fees for mortgages, land … Continue reading

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Oil Price strengthens as demand increases

The price of oil is on the rise amid speculation that demand is strengthening, curbing a supply surplus.

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Suncor pushes ahead with Fort Hills Project

Despite the price of oil hovering around $50/barrel, Suncor announced that its Fort Hills project will go ahead. Suncor will spend ~$1.6B on the project and expects to be producing by the end of 2017. Fort Hills is ~90km north … Continue reading

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A-Z An Encyclopedia of declining oil prices

Having trouble keeping track of the multitude of factors affecting the price of oil and the buzzwords associated with them? We are too. Here’s an quick little Encyclopedia of terms relating to

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Imperial Oil pushes forward with multibillion-dollar oilsands projects.

Despite lower oil prices, Imperial Oil ltd is pushing ahead with projects. If the price of oil stays in the ~$50 price range, we may start to see a lot more mergers/acquisitions as large companies with huge cash reserves pick … Continue reading

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Fort McMurrayites appreciate the pause but aren’t panicking.

Just as we saw during the recession in ’08 & ’09, a slower-paced Fort McMurray will give the city a chance to catch up with infrastructure, give the province more time to twin Highway 63, give developers time to expand … Continue reading

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Positives of lower oil prices

Up here in Fort McMurray, the price of oil is has a direct impact on our lives. With a lot of negative press swirling about the declining price, here’s an upside to low oil prices.

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Senior Housing to be on Willow Square, finally!

The Government of Alberta has completed a deal to purchase the federal government’s interest in the four-acre Willow Square site, downtown Fort McMurray. The province will transfer the land to the Wood Buffalo Housing and Development Corporation to develop affordable … Continue reading

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