Bird Construction acquiring Calgary-based Stuart Olson

The $96.5 million deal is expected to close early in the fourth quarter of this year, subject to obtaining the required approvals

Bird Construction acquiring Calgary-based Stuart OlsonBird Construction Inc., based in Mississauga, and Stuart Olson Inc., based in Calgary, announced Wednesday that they have entered into a definitive arrangement agreement where Bird will acquire Stuart Olson $96.5 million. The deal is expected to close early in the fourth quarter of this year, subject to obtaining the required approvals of the Court…

State of new home construction in Calgary

Michael Mak, senior market analyst with Canada Mortgage and Housing Corporation, talks about how Calgary's new home construction industry is faring today

On today's episode of Business Insider with Mario Toneguzzi, Michael Mak, senior market analyst with Canada Mortgage and Housing Corporation, talks about how Calgary's new home construction industry is faring today.

Housing starts plunge from a year ago across Alberta

In the Calgary census metropolitan area, starts of 218 for the single-detached category were off by 30 per cent while the all others category plunged by 74 per cent to 207 units

Housing starts plunge from a year ago across AlbertaThe number of housing starts in Alberta as well as both the Calgary and Edmonton regions plunged in June compared with a year ago, according to data released Thursday by Canada Mortgage and Housing Corporation. The federal agency said single-detached starts of 669 were down 30 per cent year-over-year while the ‘all others’ category, which…

Slower pace of new home construction forecast for Calgary region

The Calgary region had 11,909 housing starts in 2019 but the report said that will plunge this year to a range of between 4,300 to 6,745 units

Slower pace of new home construction forecast for Calgary regionCalgary’s housing market will experience a sharp decline this year in new home construction with MLS sales and average prices on the downward trend, according to the latest Housing Market Outlook report released Tuesday by Canada Mortgage and Housing Corporation.  The Calgary Census Metropolitan Area had 11,909 housing starts in 2019 but the report said…
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