Premier Jason Kenney and his new cabinet were sworn in this morning. Kaycee Madu, MLA for Edmonton South West is the new Minister of Municipal Affairs. BILD Alberta will engage the new government with two policy submissions that align with the UCP platform put forward during the campaign. Be sure to visit you MLA, see cabinet listing.
Alberta saw a year-to-date weakening of the housing market in the first quarter. Unabsorbed inventory levels remain at 5,395 units which is the highest it has ever been. Total year-to-date residential unit sales are down 9.7% compared to last year. Similarly, the average sale price continues its decline, falling 4.5% compared to the previous year. Total housing starts decline 17.6% when compared to 2018. The following table provides a snapshot of key indicators for Alberta regions.
Codes are now available
Code publications produced by Codes Canada are available free inelectronic format and for purchase in printed format. User's Guides now have a reduced rate for both formats.
We've made it well known our industry is in trouble and it seems our concerns were heard in our Nation's Capital. BILD Alberta CEO Carmen Wyton has been summoned to Ottawa. She will address the House of Commons Standing Committee on Finance to discuss provisions to the budget. We are working closely with CHBA National to ensure our industry is well represented.
Only single tickets remain for the Changing Landscapes Conference. The conference brings together a wide array of topics that will be presented by these industry experts. Thank you to all of our sponsors.