alberta economy: An event not to miss - 06/24/09 07:43 AM
If you really want to know what's going on with the economy in Canada and aren't afraid of knowing the REAL facts not the hype then you must go to this event:Real Estate Investment Network(TM) (REIN(TM)) will host the Canadian Economic Summit on June 26th in Edmonton. Some of Canada's top economists will be providing unbiased opinion and analysis on the fundamentals of the Canadian economy (locally and nationally) and its impact on the bottom line for investors and business owners. Among the speakers will be Mary MacGregor, Chief Economist for the Government of Alberta.
Other speakers include:
Carl Gomez, Bentall … (0 comments)
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alberta economy: Alberta Cities North American Top Economies - 05/29/09 02:01 AM
Regardless of what is happening in the short term Alberta, specifically Edmonton and Calgary are the best places to keep your money for long-term returns.
"Cowtown is Wowtown but Edmonton isn't far behind, says a report released yesterday that gave Calgary a top-of-the-class grade on a global scorecard for overall economic prosperity.
Calgary was the lone metropolis in a survey of international commerce heavyweights to earn an A grade in the Calgary Economic Development-commissioned Conference Board of Canada report.
Edmonton was third. Dallas was sandwiched at second between Alberta's two major centres in the 23-city ranking.
Such results aren't surprising for … (2 comments)
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alberta economy: This And That - 05/16/09 04:27 AM
Local bankers see thaw in economy Alberta the place to be to 'ride out' recession - "I'd rather be here in Alberta than anywhere else in the world right now to ride out this recession," said Garth Warner, chief executive of Servus Credit Union
Alberta's jobless rate highest since 2002 - "Alberta gained 5,700 jobs in April but its unemployment rate still inched up to six per cent, according to figures released Friday by Statistics Canada. It’s the highest provincial rate since 2002.The increase in unemployment from 5.8 per cent in March despite job growth was attributed to the labour force … (0 comments)
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alberta economy: This And That - 03/31/09 03:00 AM
This Kind Of Reporting Stinks - Another fear mongering article. Talks about a couple who gave it all away to move to Alberta and wait... still have it. But what if they lost their jobs!!! Well it could happen but would they even have jobs in their own hometown? Cornwall wants them back but do they have the jobs to keep them? Continued next week.....Vegas takes a gamble - Canadians are thinking of Vegas. Sure they are who isn't when it's still -30 outside and the wrong side of March. Sure some Canadians may be thinking of buying down south but … (1 comments)
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alberta economy: Where is the price of oil going? - 03/24/09 01:43 AM
Listen to the whole audio file if you are interested but it is the last 10 minutes of where the price of oil is going that interest me. CKUA March 22nd Radio Program This week's Political Panel includes former Conservative cabinet minister Rick Orman, former Liberal Edmonton MLA Mo Elsalhy, and the Treasurer of the Alberta New Democrats Erica Bullwinkle. Bonus Bad! In the wake of the AIG uproar in the U.S., Alberta's opposition parties engineer the elimination of bonus pay for civil service managers. But it raises the possibility that there could be more on the chopping block in the … (0 comments)
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alberta economy: This And That - 03/04/09 03:47 AM
Employers not appealing to Gen X and Yers - "The labour market in Edmonton and Alberta is tight as I've ever seen it in 10 years in this industry, and if you can't attract this next generation of upcoming leaders, the Gen X and Gen Y, then you as an organization are going to have significant challenges moving forward." Mike Corbett, vice-president, Edmonton, at David Aplin Recruiting. Poll results buoy Alberta minister - "Fifty-seven per cent of respondents in The Canadian Press Harris-Decima survey said there are more benefits than drawbacks to the oil sands, while 35 per cent reported the … (0 comments)
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alberta economy: We Can't See It.....But Others Can - 03/03/09 03:54 AM
People in other countries are lining up to get into Canada. While their economies are suffering and unemployment is rising, Canada is begging for workers at immigration trade shows in the UK. Sure the Canadian economy is feeling the effects of the global economic crisis but when compared to countries like Iceland, America and Scotland we are a beacon in the darkness. Alberta especially is attractive due to its low taxes and high than average salaries. "Canada welcomed 8,128 British immigrants last year, up 25 per cent over the previous year and making Britain the sixth-biggest source of immigrants to Canada." … (0 comments)
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alberta economy: Even Tiger Woods Needs A Break - 02/27/09 07:19 PM
He is among the most successful and currently the No. 1 golfer in the world. His level of achievement is legendary. He is focused, highly skilled and can probably perform at this level for many years to come.Like many super-performers he knows there are times to step back improve, re-tool your skills and evaluate your game. You just have to take the a break sometimes. When he does nobody says, "He's done! Golf is finished!" They wait and watch him comeback new and improved.That is what is happening in Alberta Real Estate. The global economy is wonky, oil prices dropped and … (2 comments)
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alberta economy: New Year, New Opportunity - 01/14/09 07:50 PM
Jumping into '09 columnists continue focusing on the negative. Sure, things will get worse (especially in the U.S.) before they'll get better - but certainly, they will get better. What doesn't kill banks and businesses will make them stronger.U.S. president-elect Barack Obama plans to travel to Canada for his first international trip after he takes office, to speak with Prime Minister Harper. Fingers crossed that Canada won't fumble the Oil Sands ball moving forward and gets off to a good start with the new President.Its hard to imagine these current economic clouds passing, but when they do we should be left … (0 comments)
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alberta economy: This And That - 11/18/08 07:38 PM
Houses are still homes - "Falling home prices can actually result in positive change. For one, people will be less inclined to borrow against the equity in their homes to pay for things that don't appreciate in value -- and that they don't really need -- such as vacations or home renovations. Too many people, when their equity was growing faster than a properly pruned hydrangea, treated their homes like shingle-clad credit cards.
Home buyers will also, one imagines, be more reluctant to purchase houses they can't really afford. In recent years, many people worried little about buying well beyond their … (0 comments)
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alberta economy: The Hot Dog Parable - A New Twist - 11/17/08 05:29 AM
With more and more focus devoted to how bad we have things, I thought I'd dig up a mini version of the Hot Dog Parable. The Hot Dog Parable: There once was a man who lived by the side of the road and sold hot dogs. In fact, he sold very good hot dogs....He put up highway signs telling people how good his hot dogs tasted. He stood by the side of the road and called out, “Buy a hot dog, mister?” And people bought his hot dogs. They bought so many hot dogs, the man increased his meat and bun … (3 comments)
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alberta economy: Alberta Economic Highlights - 10/15/08 07:43 AM
The latest economic forecasts from the government of Alberta proves the province is an economic rock in Canada.Some highlights include:
Alberta's population growth continues to outpace the rest of the nation Increased crop production expected in 2008 Drilling activity picking up Canadian Real GDP rises for the second straight month Latest string of data paints a gloomy U.S. economic outlooks Download your copy here
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alberta economy: They Should Buy More Real Estate - 10/15/08 07:29 AM
I felt worried about our personal losses in the stock market until I read this. "Falling stock prices have sliced roughly $1 billion from the value of Alberta's rainy-day savings account, the Heritage Savings Trust Fund.
Finance Minister Iris Evans told the legislature Tuesday that the value of the Heritage Fund has been reduced to $16 billion since June, a drop of roughly six per cent. But she's downplaying the loss."
Read More
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alberta economy: This And That - 09/15/08 01:05 AM
City's Psyche, like it's homes are undervalued - "Earlier this week, a national study determined that Edmonton house prices are eight per cent too low. This is an uncannily perfect statistic for anyone who seeks to understand the mysterious heart and mind of the Edmontonian.""There is kind of a collective mentality. A malaise sets in, even if we have no intention of selling our house." Todd Hirsch, senior economist for ATB Financial Edmontonians really have no idea what an incredible economic position they are in. The economic situation that Edmonton and Alberta are currently in is perhaps the healthiest economy in … (0 comments)
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alberta economy: Edmonton And Alberta Get Top Ranking - 09/07/08 11:39 PM
Once again Edmonton and Alberta are beating the whole country in 2007-08 for the most capital investments, job creation or/and large projects. Edmonton ranked first in Canada. Alberta got top for competitiveness. "It means they were the most successful in attracting the most number of qualified projects," Site Selection editor-in-chief Mark Arend said today. Read Article
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alberta economy: Canada's Outlook For The Next 5 Years - 07/24/08 09:07 PM
The Conference Board of Canada has released it's 5 year outlook for Canada. Alberta performs superlatively in all areas.
Economic Growth - Alberta will be surpassed only by Saskatchewan in 2008 but from 2009 to 2012 Alberta will lead the nation, including Saskatchewan, by a solid percentage point Population Growth - In 2008 Alberta will lead the nation by a full 2% at 2.5%. The closest contender is Saskatchewan at 1.4% Unemployment Rates - No surprise here Alberta has the lowest unemployment rate in Canada and beats Ontario, Saskatchewan and B.C by a huge margin. Personal Income … (0 comments)
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alberta economy: Edmonton Has It Too! - 07/10/08 05:18 PM
"CBRE's second quarter 2008 report says investment sales volume year-to-date was $1.65 billion, compared to $2.2 billion for all of last year. The numbers show "continued investment confidence" in the Calgary real estate market, said Bruce Irvine, vice-president of business development and retention for Calgary Economic Development. " Click HereThe reason is Alberta and Calgary and, yes, Edmonton have great economic fundamentals. The article states that Alberta has "mojo" and is the shining star of the Canadian economy.Funnily enough when talking to our Realtor and property manager (the on the ground team) the say the area is rife with pessimism and … (0 comments)
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alberta economy: New Apple Store Largest In Canada - 07/07/08 12:47 AM
West Edmonton Mall used to have the largest everything. Although it has lost a lot of it's superlative status it does once again have a biggest - The largest Apple store in Canada.The opening saw 600 people lined up some as early as the day before.I can only assume Apple feels that Edmonton ranks along with Toronto, Vancouver and Montreal as crucial sales points due to it's growing population and strong economy.
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alberta economy: This And That - 06/30/08 01:16 AM
Real estate meltdown? Not likely - "It's true that a few Canadian cities are showing much smaller price declines - Edmonton down by 4.9 per cent in the past year, Calgary down 2.4 per cent and Windsor down 5.5 per cent - but only in Windsor does this reflect economic distress. In Alberta, the price reversals look more like a hiccup after huge run ups.
So is Porter really suggesting that Canada's housing market is about to follow that of the U.S. down the drain? Apparently not, despite the provocative words. "No, we don't think we're headed for a U.S-style bust, … (0 comments)
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alberta economy: Alberta - Key To Diversification Is Technology - 06/13/08 05:54 PM
Alberta's economy is more diversified than it has every been however a large part of the booming economy is based on the oil sands. Depending too closely on harvesting and shipping resources could cause Alberta to miss other opportunities to sustain the province's incredible wealth.The government of Alberta has launched a $178 million dollar strategy to help the province commercialize it's technological expertise built up through development of its oil and gas resources"The Alberta government is serious about a future that is diversified, in order to create long-term prosperity in the province,.....It's important to build on our strengths in the resource … (0 comments)
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