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Stories Tagged - Todd Hirsch

ATB Financial vice-president and chief economist Todd Hirsch.
News

Nov. 04, 2021 | Tyler Difley

Alberta economy must embrace change, diversification to recover from pandemic, says ATB Financial chief economist

ATB Financial vice-president and chief economist Todd Hirsch says Alberta’s economy can’t rely on its traditional strengths as it tries to rebuild in the wake of the COVID-19 pandemic.

Courtesy Todd Hirsch
News

Sept. 11, 2019 | Mario Toneguzzi

My First Home: Todd Hirsch, ATB Financial chief economist

Courtesy Todd Hirsch


When Todd Hirsch went looking for his first home in 1994, he remembers telling his REALTOR® he wanted something that was new or recently updated.

CREB®Now Archive
News

April 04, 2018 | Mario Toneguzzi

First-home stories from Calgary's business community

For many people, buying a first home is an exciting, but stressful, experience. CREB®Now spoke with a few members of Calgary's business community to find out what it was like making that first big investment in their lives.
Courtesy Getty Images
News

Dec. 22, 2017 | Marty Hope

What they said in 2017

CREB®Now connected with some of Calgary's housing industry experts and leaders for their opinions on 2018. Here's what they had to say. . .

Calgary Economic Development’s media campaign included chalk art around Amazon’s current Seattle HQ.
Courtesy Calgary Economic Development
News

Dec. 06, 2017 | Barb Livingstone

The Amazon effect

New HQ or not, e-commerce giant's impact is already being felt

Let's call it the "Amazon effect": the cascading economic stimulation that comes from one of the world's largest corporations taking up residence in your market.

It is an effect already being felt in the Calgary region after the announcement that the e-commerce giant will be opening a 600,000-square-foot distribution centre in Balzac – employing 750 full-time workers, and an additional 450 part-time or seasonally, by the end of 2018.

Kitchen and bathroom renovations provide some of the highest returns on investment when it comes to increasing the value of a home. 
Getty Images
News

June 15, 2017 | CREBNow

Alberta sees increase in home renovation spending during first quarter of 2017

The number of Albertans spending money on renovations for their existing homes and recreational properties is on the rise.

According to Statistics Canada, investment in home renovations in the first quarter of 2017 hit a record high of $1.78 billion. A release from ATB Financial's Economics and Research Team says this is close to double the spending a decade ago.

Todd Hirsch, chief economist with ATB Financial, says he was surprised by the data for the first three months of this year.

"The increase that we saw in late 2016 and the first quarter of this year can be attributed to the rebuild in Fort McMurray (from last year's wildfires) because not every house was destroyed, which we tend to focus on." he said. "There were also many, many homes that needed to be renovated."

Getty Images
News

May 04, 2017 | CREBNow

Lots for lease

The suburban commercial real estate market has mostly avoided the high vacancy rates seen downtown, but levels are creeping upwards in suburban malls


The economic downturn of the past two years has had a widespread impact on Calgary's retail sector with businesses in the core particularly hard hit.


Two years of a recession in 2015 and 2016 have taken their toll as thousands of people in the city's central business district were victims of layoffs in the oil patch, which takes up the vast majority of space in the downtown office market.


With thousands of potential customers gone, retail stores and restaurants have felt the pinch.


Todd Hirsch, chief economist with ATB Financial, is one of many industry experts saying Alberta’s economy is improving. Photo by Wil Andruschak / For CREB®Now
News

March 30, 2017 | CREBNow

Upward trend for Alberta's Economy

ATB Financial chief economist Todd Hirsch. CREB®Now file photo
News

Jan. 11, 2017 | Joel Schlesinger

Barriers to recovery

Report notes mortgage lending rule changes could spell trouble for city's housing market

Recent changes by the federal government to mortgage lending rules will likely serve as headwinds for the city's recovering real estate market in the coming year, said CREB® in its 2017 Economic Outlook and Regional Housing Forecast.

Since 2008, the federal government has been tightening mortgage lending rules.

News

Nov. 19, 2016 | Alex Frazer Harrison

Foreign buyers roundtable

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say:

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CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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