My Last news and Updates
Construction, design, business development and international projects. Here I share ideas, experiences and insights from my work between Europe, the Canary Islands and beyond.
Alberta Construction Labour Shortage: The 15,400 Gap
Yesterday everyone celebrated Meta’s $13B data centre in Alberta. Nobody asked who’s going to build it. That single project needs 3,000+ construction workers. Now zoom out. Alberta must recruit 59,000 construction workers by 2034 — mostly to replace 43,400 people retiring, 21% of the entire 2024 workforce. Even after all that hiring, the province is..
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Meta’s $13 Billion Data Centre in Alberta: What It Signals for Construction
Alberta just approved a $13 billion data centre. That’s not even the headline. The real number is 19.5 gigawatts. Last week Meta confirmed its first Canadian data centre in Sturgeon County, north of Edmonton. $13B+. Over 3,000 workers at peak construction. Big project. But one project. Here’s the part most people missed: Alberta’s grid operator..
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Construction Budget Overruns: 3 Decisions Made Before Breaking Ground
Alberta residential permits are down 15%. Institutional permits are up 440%. Read that again. If you only track the residential slowdown, you’re watching the wrong market. Here’s what the 2026 numbers actually say about where construction demand in Alberta is moving: → Residential permit values: -15% province-wide (Red Deer -50%, Edmonton -19%, Calgary -11%) →..
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Alberta Construction Project Management: The Real Bottleneck Is Coordination
$50 million. 5% rework. $2.5 million lost. That is why I do not think the real bottleneck in construction is labour. It is coordination. Alberta has more than $180 billion in proposed construction, and the province is still facing a shortage of about 59,000 workers over the next decade. On paper, that sounds like the main problem. In reality,..
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Most people read Calgary’s 9% condo price drop as a weak market.
$300K condo. $750K detached. The family keeps choosing the $750K one. Here’s why that isn’t irrational. Most people read Calgary’s 9% condo price drop as a weak market. It’s not. It’s a product problem. Line up the three options a family is actually choosing between: → Apartment condo — benchmark ~$300K. But it’s a one..
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Alberta Construction Procurement Is Shifting — Here’s What Wins
Three procurement shifts are changing how Alberta projects get delivered — and most firms are structured for none of them. Most developers and contractors treat procurement reform as a threat. Something to survive, or wait out until the old system fixes itself. But here’s what’s actually happening on the ground: → Traditional lowest-bid, fixed-scope procurement..
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Seattle Construction Restart After World Cup Pause
A construction pause doesn’t kill your schedule. A simultaneous restart does. The SDOT moratorium has frozen most street-level work in high-traffic zones since June 8. Equipment cleared. Sites paused. Schedules on hold for a month. On July 7, everyone restarts in the same window. Here’s why that’s the dangerous moment — not the pause itself:..
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National Housing Starts Drop 5.2% YoY — Why Alberta Tells a Different Story
National housing starts: -5.2% YoY. Prairies: above historical average. Same country, opposite story. Most people will read that headline and assume Canada’s residential construction is slowing everywhere, at the same pace. It isn’t. Here’s what the disaggregated CMHC data actually shows: →→ National: 22,633 units in centers above 10,000 people, down 5.2% YoY →→ Prairies:..
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Texas Housing Market 2026: Austin vs Dallas, Decoded
Everyone keeps calling the 2026 Texas market a slowdown. The data says it’s a product problem. “Prices are down.” “Inventory keeps building.” “Homes sit for months.” A slowdown? Demand didn’t leave. Sales are UP year over year in both metros. What changed is the buyer — and most operators haven’t changed the product. Look at..
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Fort Worth Real Estate: Reading the $3B A&M Demand Wave
25,000 jobs. $3B a year. One building opening this summer. Here’s what most developers are missing about the timing. The headline is loud. The opportunity is quieter. Here’s what the data actually shows: → Texas A&M’s Fort Worth district: 25,000 jobs and $3B+ in annual economic impact, fully built → First building (Law & Education)..
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King County Condo Market 2026: Why Weak Pro Formas Break
Most condo and townhouse pro formas in King County were built for a market that no longer exists. Seattle just posted the biggest home-price drop in the country, with inventory surging. But the county-wide headline hides what actually matters for builders. The market changed. The pro formas didn’t. Here’s what the NWMLS March data actually..
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Construction Budget Overruns Start Before the Site
A budget doesn’t break in the field. It breaks in the three weeks before the field. When a budget blows up, everyone points at the site. The crew. The contractor. But the overrun gets reported on site. It was decided weeks earlier. Here’s where it actually breaks: → The estimate was generic, not built for..
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Alberta P3 Infrastructure Financing: What European Developers Need to Know
Alberta is deploying $8.3 billion in infrastructure over 3 years. The financing model just changed. Most developers haven’t noticed yet. The story changed. The conversation didn’t. Here’s what the June 23rd announcement actually shows: → Alberta is no longer betting on traditional public funding → They’re building a mixed financing structure — redistributing risk across..
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Alberta Construction Feasibility: Are Your Project Numbers Built for Today’s Market?
The question isn’t whether Alberta is growing. It’s whether your project’s numbers were built for the market that exists now — not the one from 18 months ago. The tools changed. The decisions didn’t. Here’s what the data actually shows: → Projects don’t fail because of missing technology — they fail because feasibility assumptions were..
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Alberta Construction 2026: Coordination Is the Real Risk
$244.8B in active construction pipeline. 268,100 workers. And coordination is still the single biggest risk on site. And the labor market isn’t the real problem. Here’s what the data actually shows: → Weekly wages are up — which means delivery pressure is already priced into your budget → Female participation hit 42,500 — the workforce..
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Alberta Construction 2026: ICI Growth vs Residential Moderation
Calgary: 56% of provincial starts. Edmonton: 31%. 80% multifamily. ICI growing. Ground-oriented declining. Alberta isn’t slowing — it’s rotating. There’s a difference. The conversation is still about housing. Here’s what the 2026 data actually shows: → CMHC projects Calgary’s ground-oriented starts declining slightly in 2026. Condo construction slowing faster. Even multifamily — which now represents..
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Alberta’s $8.7B Capital Plan: Execution Is the Real Competitive Advantage
Alberta just committed $8.7B for 2026-27. Most contractors are not ready for what comes next. The money is confirmed. The conversation has to change. Here’s what the data actually shows: → Projects stall not because funding disappears — they stall because procurement timelines weren’t built for this volume → Schedules collapse not because of bad..
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Alberta Construction PM Gap: 1,000+ Jobs Open and a coordination problem
1,000+ PM jobs open in Alberta right now. That’s not a recruiting story. It’s an execution gap. Here’s what the data actually shows: → Alberta posted ~54,900 housing starts in 2025 — a 15% increase year over year → Calgary and Edmonton are driving multi-family and rental pipelines at scale → The market is absorbing..
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Alberta’s $244B Construction Pipeline: Are You Positioned to Capture It?
Alberta’s project pipeline jumped $49B in a matter of weeks. Most companies won’t see a dollar of it. That’s not a trend. That’s a signal. And most companies are not positioned to capture it. Here’s what the data actually shows: → The pipeline grew from $196B to $244B in weeks — but execution capacity didn’t..
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Alberta Feasibility Studies: The +15% Problem Most Developers Are Ignoring
Material costs up 15% in 2026. Most Alberta feasibility studies never saw it coming — because they only modeled one scenario. That’s not a data problem. It’s a methodology problem. Here’s what the numbers actually show: → CMHC projects national housing starts declining through 2028 — multi-family taking the hardest hit → Altus Group’s 2026..
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Alberta Construction 2026: What 4.8% Unemployment and a 39.7% Drop in Housing Starts Really Mean
Alberta construction unemployment: 4.8%. Housing starts: down 39.7%. Same market. Same month. Every developer and builder planning a 2026 project should sit with this: — Construction unemployment: 4.8% (May 2026) — crews are still fully absorbed — Investment in building construction: $3.7B, up 24.6% year over year — Housing starts (April 2026): 3,192 units —..
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Alberta Real Estate 2026: Why Product Mix Beats Market Volume
Two developers. Same month. One in Toronto, one in Calgary. Same slowdown signal. Completely different risk profile. While Ontario and B.C. are dealing with stalled pre-sales, high-rise projects on hold, and developer margins under serious pressure — Alberta is having a different conversation. Here’s what the data actually shows: → Stronger demographic growth than most..
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Alberta Construction 2026: Large-Scale Project Management
Is your project management system built for a single handover — or for a 253-acre, multi-phase community? Alberta isn’t just building homes anymore. Mattamy Homes and Truman are already developing master-planned communities at that scale. Data centres worth $16 billion by 2032 are coming next. Purpose-built rental is scaling fast. This explains why project professionals..
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Canada’s Housing Execution Gap: Why Job Sites Are Slowing Down Delivery
Canada doesn’t have a housing shortage. Canada has an execution shortage. Housing starts are slowing down. 5 million homes needed by 2030 — and permits dropped 8.4% in February alone. The bottleneck is never the market. It’s what happens between permit approval and first shovel in the ground. Every week I see the same pattern:..
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Alberta Housing Starts 2026: What the CMHC Forecast Really Means for Developers
CMHC just reported the best month for housing starts in years. Then buried the forecast nobody wants to read. Every serious developer and builder in Alberta should understand this: — April 2026: housing starts jumped 17% nationally (279,317 units SAAR) — CMHC forecast: new construction will decline until 2028 — Both numbers are real. They’re..
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Alberta Real Estate Feasibility: Where Projects Lose Money
Most Alberta developers aren’t losing money on site. They’re losing it 18 months earlier — and don’t know it yet. Twelve months ago, every developer in Alberta was pointing at the same number. 54,900 housing starts. +18% versus Q1 2024. Best performance in the country. The market looked bulletproof. It isn’t. Here’s what the data..
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When to Stop a Construction Project Before It Starts
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Alberta Affordability 2026
$641,000. $15/hr. Same province. Same 2026. In 2013, Alberta was the place to be. Wages 17% above the national average. Every worker was better off here than anywhere else in Canada. March 2026: real wages down 4.5% over five years. Minimum wage frozen at $15/hr since 2019. The labour market moved. The housing market didn’t..
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Alberta construction market 2026
Alberta housing starts are cooling. The developers still closing deals have 1 thing in common. I added a new line to my 2026 project assessment framework this week: – Condition: Alberta housing starts slowing – Probability: Confirmed – Impact: High – Owner: Every PM and developer in the province – Status: Misread by most –..
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The Drawing Was Perfect.
The drawing was perfect. The site was a different story. Here’s where the handoff breaks. In the meeting room, the project was solid. Clear drawings. Approved plans. Everyone aligned. Week 3 on site: trades working off different versions. RFIs stacking up. The PM firefighting instead of managing. The drawing didn’t change. The execution did. Here’s..
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Alberta Real Estate Market 2026
Six months ago, every conversation in Alberta construction started the same way: groundbreaks, cranes, record pipelines. This week, the same people are asking different questions. The conversation has shifted. Here’s what the data is showing right now: → Condo presales are down → Unsold inventory is rising → Builder confidence is at its lowest point..
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Calgary or Edmonton in 2026?
Calgary or Edmonton in 2026? The answer depends on what you’re building — and for whom. Twelve months ago, every developer in Alberta was pointing at the same number. 54,900 housing starts. Best performance in the country. Every city looked like an opportunity. Today, Calgary and Edmonton are telling two very different stories. The market..
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Alberta is the most affordable major market in Canada in 2026.
Alberta is the most affordable major market in Canada in 2026. And yet, half the projects being evaluated here don’t survive a real feasibility check. Ontario and B.C. are slowing down on affordability. Alberta is holding — stronger demographics, lower entry point, more room to move. The headlines are positive. The detail is where it..
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The developers who will win in Alberta 2026 are already reading the market differently.
The developers who will win in Alberta 2026 are already reading the market differently. Here’s what they see. Not a crisis. Not a collapse. More like a filter. In 2025, Alberta broke its housing starts record for the second year in a row — 53,000+ units, +14% year over year. And now in 2026, the..
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70% of Alberta’s 2025 starts were multi-residential
54,900 new homes started in Alberta in 2025. A 70-year record. Most people read that as a single-family boom. It isn’t. Here’s what the data actually shows: → 70% of Alberta’s 2025 starts were multi-residential — rowhouse, multiplex, apartments → Missing middle housing is up ~10% vs the 10-year average across major Alberta CMAs →..
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Viviendas vacacionales en Canarias
Viviendas vacacionales en Canarias: en diciembre era la ley. En mayo es la confusión. Esto es lo que está pasando ahora mismo en el mercado canario: → El límite es el 10% de viviendas por zona con uso turístico permitido → Las licencias ya no son transferibles → Los nuevos inmuebles no pueden destinarse al..
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40% of renovation projects in Alberta go over budget. 95% of the time, it’s not the contractor’s fault.
40% of renovation projects in Alberta go over budget. 95% of the time, it’s not the contractor’s fault. The real cause was decided before the project started. The conversation never caught up. Here’s what the data actually shows: → 40% of renovation projects in Canada run over budget or behind schedule → 95% of those..
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170 millones para reformar el estadio de Las Palmas
170 millones para reformar el estadio de Las Palmas. La pregunta que casi nadie hace todavía: ¿quién está redactando las especificaciones? Un proyecto de esta escala exige pliegos a la altura: estándares FIFA, accesibilidad, tecnología integrada, normativa canaria. Cada paquete — estructura, instalaciones, cubierta, acabados — debe quedar definido con un nivel de detalle que..
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+9.8% permits. -0.6% construction GDP. Same quarter. Same country.
+9.8% permits. -0.6% construction GDP. Same quarter. Same country. Every headline called it a boom signal. Here’s what the same report actually says: Construction GDP dropped 0.6% in Q4 2025. First decline after six straight quarters of growth. The permits went up. The margins went down. → Building Construction Price Index: +4.1% year-over-year → Structural..
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65% of permit delays in Alberta are avoidable. Most people find out after they’ve already waited two months.
65% of permit delays in Alberta are avoidable. Most people find out after they’ve already waited two months. Not because of the municipality. The story changed. The process didn’t. Here’s what the data actually shows: → 65% of delays come from incomplete submissions — not from city backlogs → Custom builds in rural Alberta: 8–14..
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$180 billion in Alberta construction. 59,000 workers missing to build it. And that’s not the real problem.
$180 billion in Alberta construction. 59,000 workers missing to build it. And that’s not the real problem. The story changed. The conversation didn’t. Here’s what the research actually shows: → Projects don’t derail because of missing funding → They derail because of competing interests between government, municipal, and private actors → They derail because personal..
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1,100 senior care beds in 18 months.
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On signing day, every renovation looks on budget. By rough-in week, half of them aren’t.
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Alberta has $180 billion in proposed construction.
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Alberta broke every construction record in 2025
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Six months ago, every developer was focused on finding land.
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6 to 12 months.
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Six months ago, every developer in Alberta was celebrating. 53,000 starts. Record numbers. Best market in the country. Today, Calgary has 17,118 unsold units and sales are down 12.9%.
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Your project is already over budget. You just don’t know it yet — because it hasn’t started.
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Eros Belotti 01.
Eros belotti
Construction project manager with over 15 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.
