Construction Budget Overruns Start Before the Site: The Estimate Accuracy Problem
A construction budget does not break in the field. It breaks in the weeks before the field, when the estimate is prepared, the scope is written and the assumptions are locked. When the overrun appears on site, everyone points at the crew or the contractor. But the overrun was only reported on site. It was..
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Alberta P3 Infrastructure Financing: What European Developers Need to Know
Alberta is planning record levels of public infrastructure spending while looking for new ways to pay for it. Budget 2026 includes a $28.3 billion capital plan for 2026 to 2029. In January 2026, the Canadian Council for Public-Private Partnerships (CCPPP) urged the province to expand the use of P3s, and on June 23, 2026, Municipal..
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Construction Feasibility Checklist: Are Your Numbers Built for Today’s Alberta Market?
The question is not whether Alberta is growing. It is whether your project’s numbers were built for the market that exists now, not the one from 18 months ago. Since 2024, construction costs have risen, tariffs have affected metals, interest rates have moved, population growth has slowed and absorption has changed by segment. A feasibility..
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Alberta Construction 2026: ICI Growth vs Residential Moderation
Alberta’s construction market is not slowing down. It is rotating. After a residential boom that set a provincial record of 54,858 housing starts in 2025, new housing construction is moderating while industrial, commercial and institutional (ICI) building is accelerating. For developers, contractors and investors, the key question in 2026 is no longer whether Alberta is..
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Feasibility Studies in Alberta: Why One Cost Scenario Is Not Enough
Most feasibility studies I review for Alberta projects share a hidden weakness: they are built on a single cost assumption. One construction budget, one sales price, one absorption rate, one outcome. When costs move, and in 2026 they do, that single scenario stops being a plan and becomes a liability. This article explains why single-scenario..
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Alberta Construction 2026: Starts Fall, Crews Stay Busy. What It Means
Alberta’s construction data in spring 2026 looked contradictory at first glance. Housing starts were falling sharply: ATB Financial reported that April starts ran at an annual pace of 38,539 units, the lowest in two years, with year-to-date starts down 23% from 2025. Yet construction employment in the province was growing, crews remained busy and large..
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Alberta Real Estate 2026: Why Product Mix Beats Market Volume
Imagine two developers in the same month of 2026, one in Toronto and one in Calgary. Both see the same national slowdown signal. Their risk profiles could not be more different. In Ontario and British Columbia, presales have stalled, high-rise projects are on hold and developer margins are under heavy pressure. Alberta is having a..
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Alberta Housing Starts 2026: What the CMHC Forecast Really Means for Developers
In May 2026, CMHC reported that housing starts in Canada jumped 17% in April, to a seasonally adjusted annual rate of 279,317 units. Two months later, its mid-year Housing Market Outlook forecast that new construction will keep declining until at least 2028. Both numbers are real. They simply measure different things, and developers in Alberta..
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Real Estate Feasibility in Alberta: Where Projects Lose Money Before Construction
Most real estate developers in Alberta are not losing money on site. They are losing it 12 to 18 months earlier, during feasibility, and do not know it yet. By the time construction starts, the decisions that determine the project’s margin have already been made: the product, the unit mix, the price assumptions, the schedule..
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Alberta Wages vs House Prices: The Affordability Gap Developers Must Model
For a generation, Alberta’s economic story was simple: higher wages than the rest of Canada and more affordable homes. In 2013, average wages in the province were as much as 17% above the national average. By 2024 that premium had shrunk to about 2%. Meanwhile, home prices in Calgary have moved closer to national levels…
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Eros Belotti 01.
Eros belotti
Construction project manager with over 20 years of experience in Europe and the Canary Islands. Specialized in modular housing, container construction, real estate development and international project management. Founder of Reforma Vivienda Tenerife and Donkey Lab.
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