The prices of new, single family homes in Cow Town are still declining. Alberta real estate continues to take a hit, especially in Calgary where the number of new builds has dropped by about 16% from the same time last year. House prices for new homes in the city have decreased by just over 2% since July of last year and experts are putting the blame on oil prices that have been continuing to fall over the last five years.
The premier of Wild Rose Country wants to let foreign entrepreneurs know the province is open for business. Premier Jason Kenney recently attended the Trilateral Commission's North America Summit in Mexico City to tell the corporate world Alberta is a place in which they should consider investing. There are incentives the province has put into place, the premier says, that create an affable business environment such as job creation tax cuts.