Friday, September 11, 2020


Congratulations to Stranville Living Master Builder and Ashcroft Master Builder for being finalists in the BILD Alberta Awards handed out yesterday at an online ceremony. Being a finalist is no small feat with 230 entries from across the province and only 82 advancing. I would like to acknowledge their continued dedication to housing excellence. 

Further congratulations to the Ashcroft team for taking home the award in the Single Family $375,500-$425,000 Category with their Carter model.

List of all BILD Alberta Award Winners  

Do you have a funny feeling you are forgetting to do something?

We know why!

This is exactly the time of year that we would be visiting the greatest in new show homes, checking out the latest in interior design, and wondering through the new neighbourhoods in our beautiful city. The time when builders and their teams are working hard to put on the finishing touches to the homes they are proud of. In other words, the Parade of Homes!

Not to worry! You have not missed it!
The Parade of Homes is moving to... Spring!

Lethbridge identified as one of seven cities in Canada most

affordable for First Time Home Buyers

According to Rob Carrick of The Globe and Mail (Priced out of the big city? Here are seven housing markets young buyers can afford in COVID-19 times ), the pandemic has changed attitudes toward life and work and the attractiveness of living in a small city over larger urban centres. Why? Remote working has shown employers working from home can be a viable option. Secondly, there is an openness to move out of the larger urban centers to smaller cities where buying a home is more affordable and quality of life is better. He complied a list of seven cities, which included Lethbridge, that is affordable for first time home buyers.

We couldn't agree more!
REMINDER - To learn more about what consumers are looking for, don't forget to sign up for the CHBA's Fall Webinar "Homebuying Trends - What Canadians Want" - Sept 16 at 9-10 am. You can find information in September 8 Industry Update

CHBA Action in Response to Rising Lumber Prices & Shortages

On August 26, 2020, Alana Lavoie, CHBA’s Senior Director, Policy & Government Relations, appeared on the BNN Bloomberg network to raise awareness of the impact of rising lumber prices on the residential construction industry. CHBA has been actively engaged with its counterparts in the lumber industry and government officials to look for solutions to ongoing price increases and supply chain issues, especially regarding wood products. The current lumber shortage, and subsequent price increases, are a result of a combination of factors, including early 2020 forecasts for low demand which led to production curtailment before the pandemic, the impact of COVID-19, transportation issues, and much stronger spring and summer demand than anticipated. Included in CHBA’s government advocacy on this issue has been formal correspondence with the Minister of Small Business, Export Promotion and International Trade, and the Minister of Innovation, Science and Industry to reinforce industry concerns and to seek support for actions that could mitigate the impact of shortages and price increases. Read more on this issue here.

Bank of Canada Reaffirms Its Low-Rate Outlook

Steve Huebl - Canadian Mortgage Trends

Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.”

The Bank made the statement during its interest rate decision Wednesday, where it left the key lending rate unchanged at its “effective lower bound” of 0.25%.

“As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support,” the BoC said in its statement. “The Governing Council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved.” READ MORE...

Office work could be changed forever by COVID-19. Here's why that matters


Only a fraction of employees who began working from home during the COVID-19 pandemic have returned to full-time office work, and that has ramifications for everything from how workplaces are run to where we live — and whether the small businesses that surround office buildings survive.

Nearly three-quarters of the 3.4 million Canadians who began working from home at the start of the crisis were still working remotely in August, according to Labour Force Survey data released by Statistics Canada on Friday.

And another survey suggests many of those new remote employees would like to continue working from home indefinitely.  READ MORE...

COVID-19 test results now available through text message

Lethbridge News Now

Albertans can now choose how they want to receive their COVID-19 test results – through an automated phone call, a personal phone call from an AHS team member, or by SMS text message.

When you book a COVID test through the Alberta Health Services website or by dropping into an assessment centre, you can choose any one of these methods.

“Providing Albertans with both positive and negative COVID-19 test results through text message and automated phone calls will significantly reduce wait times for test results,” says Minister of Health Tyler Shandro. “We have heard Albertans’ concerns and responded.”

The current AHS autodialer system has delivered negative results to more than 500,000 Albertans since its launch in April. READ MORE...

COVID-19 Resource List
The BILD Lethbridge website has a dedicated page that contains links to the provincial, federal and municipal programs and updates for your easy reference. You can find it HERE .
Other helpful main links:
City of Lethbridge Permit Report
Alberta Economy - Indicators at a Glance (August 21)
CMHC Housing Market Information Portal
CREA Housing Market Statistics National Price Map

We are always here to assist you

14, 495 WT Hill Blvd South | Lethbridge AB |  T1J 1Y6
P: 403-328-2288  |

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