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WHY ARE WE BUILDING SO MANY NEW HOUSES?

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WHY ARE WE BUILDING SO MANY NEW HOUSES?

Supply and demand would suggest that we stop building or subsidizing the building of new houses. Our population has increased by only 195 residents in 5 years yet we still built 1299 new houses.

Last year our houses depreciated on assessment by 2%, yet we are still building new houses.

We have neighbourhoods with vast quantities of empty lots, yet we are talking about creating more new neighbourhoods.

Our taxes are going to the maintenance and servicing of empty lots. Our buses are driving down lonely nearly uninhabited streets.

COVID-19 is making people look for bigger lots, but instead of destroying farmland, why don’t we redevelop older neighbourhoods with larger lots?

CMHC tells us that our house pricing could decrease by 20% by 2022, and we are building more houses.

Environmentalists warn us about expanding our foot print. Destroying agricultural land, and we are developing new neighbourhoods.

Climate Change due to human emissions from such things as commuting and we are expanding our foot print building new neighbourhoods.

Along with 1299 new homes, that has been built, we the lowly taxpayer had to pay for servicing, transit, schools, service centres, roads, sidewalks, sewers, mowing, lighting etc so 1299 new homes could be built.

Now let us look at the 42,034 houses that were there before. There used to be 2.4 residents per home now we are down to 2.3 residents per home. 4% decrease. Our taxes went up 10% on  older homes, in 4 years but we have fewer people paying the taxes. The values, of our older homes, have decreased below inflation, and a realtor told me that houses are selling at about 10% below assessed value.

Supply is out doing demand and we are financing it with our taxes.

We are being told, over and over again, that we are a one-industry town, and CMHC now says, because of that, we could see a 20% decrease in home values over the next 18 months.

So the first question is; why did we not put more emphasis on diversification? Second question is; why did we not build a city for the residents, and not for the oil industry?

COVID-19 saw many people and businesses adapt and change to meet the new demands when the old demands evaporated?

Why not turn our construction over from building new to refurbishing the old?

So back to my original question. With near zero population growth, fewer residents per house, increasing taxes, increasing expenses, increasing commuting, and increased destruction of farmland, why are we building so many new houses? Anyone?

Red Deer’s 2% house depreciation hurts the most, the ones we need the most.

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Economy

Trump declares national energy emergency

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From The Center Square

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President Donald Trump signed an executive order Monday night declaring a national energy emergency.

Trump announced the order earlier in the day during his Inauguration Speech.

“We will drill baby drill,” Trump said. “We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world. We will be a rich nation again and it is that liquid gold under our feet that will help to do it.”

The order states that high energy prices are an “active threat to the American people.”

“The policies of the previous administration have driven our Nation into a national emergency, where a precariously inadequate and intermittent energy supply, and an increasingly unreliable grid, require swift and decisive action,” the order said. “In light of these findings, I hereby declare a national emergency.”

To solve high prices and remedy the “numerous problems” with America’s energy infrastructure, the order stated that the delivery of energy infrastructure must be “expedited” and the nation’s energy supply facilitated “to the fullest extent possible.”

This was one of many executive orders the president signed on his first day in office.

In another order signed Monday night, Trump declared it was time to unleash American energy.

“In recent years, burdensome and ideologically motivated regulations have impeded the development of these resources, limited the generation of reliable and affordable electricity, reduced job creation, and inflicted high energy costs upon our citizens,” the order said. “It is thus in the national interest to unleash America’s affordable and reliable energy and natural resources.”

All this will be done through encouraging energy exploration, the elimination the electric vehicle mandates, and safeguarding “the American people’s freedom to choose from a variety of goods and appliances.”

The order promises these measures will “restore American prosperity,” “establish our position as the leading producer,” and “protect the United States’s economic and national security and military preparedness.”

In an earlier signing of executive orders in front of a crowd of supporters at the Capital One Arena, Trump signed an executive order withdrawing the United States from the Paris Climate Accords.

Elyse Apel is an apprentice reporter with The Center Square, covering Georgia and North Carolina. She is a 2024 graduate of Hillsdale College.

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Alberta

Trump delays implementation 25% tariffs: Premier Smith response

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Alberta Premier Danielle Smith issued the following statement, welcoming the U.S. tariff reprieve and calling for strategic action:

“Alberta is pleased to see that today President Donald Trump has decided to refrain from imposing tariffs on Canadian goods at this time as they study the issue further.

“We appreciate the implied acknowledgement that this is a complex and delicate issue with serious implications for American and Canadian workers, businesses and consumers given the integration of our markets, along with our critical energy and security partnership.

“Avoiding tariffs will save hundreds of thousands of Canadian and American jobs across every sector. As an example, declining to impose U.S. tariffs on Canadian energy preserves the viability of dozens of U.S. refineries and facilities that upgrade Alberta crude, and the jobs of tens of thousands of Americans employed at them.

“Despite the promising news today, the threat of U.S. tariffs is still very real. As a country, we need to immediately take the following steps to preserve and strengthen our economic and security partnership with the United States, and to avoid the future imposition of tariffs:

  1. Focus on diplomacy and refrain from further talk of retaliatory measures, including export tariffs or cutting off energy to the U.S. Having spoken with the President, as well as dozens of governors, senators, members of congress and allies of the incoming administration, I am convinced that the path to a positive resolution with our U.S. allies is strong and consistent diplomacy and working in good faith towards shared priorities. The worst possible response to today’s news would be the federal government or premiers declaring “victory” or escalating tensions with unnecessary threats against the United States.
  2. Negotiate ways to increase what Canadians and Americans buy from one another. As an example, the United States should look at purchasing more oil, timber and agricultural products from Canada, while Canada should look at purchasing more American gas turbines, military equipment and the computer hardware needed to build our growing AI data centre sector. Finding ways to increase trade in both directions is critical to achieving a win-win for both countries.
  3. Double down on border security. Within the next month, all border provinces should either by themselves, or in partnership with the federal government, deploy the necessary resources to secure our shared border from illegal drugs and migration.
  4. Announce a major acceleration of Canada’s 2 per cent of GDP NATO target. This is clearly a shared priority that benefits both of our nations. There is no excuse for further delay.
  5. Crack down on immigration streams and loopholes that are known to permit individuals hostile to Canada and the United States to enter our country, and restore immigration levels and rules to those under former Prime Minister Stephen Harper.
  6. Immediately repeal all federal anti-energy policies (production cap, Clean Electricity Regulations, Impact Assessment Act [Bill C-69]) and fast track Northern Gateway and Energy East projects pre-approvals.”
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