canadian economy: Go Take A Look - 06/30/09 06:12 AM
I stumbled on the Worthwhile Canadian Initiative blog through wordpress.com. There are some great posts here on the Canadian economy. This one is very relative for those who are interested in real estate and afraid the Canadian market is going to follow the U.S housing market meltdown. And as a bonus this entry on The economic impact of canoeing is really interesting.
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canadian economy: Victory By Default - 03/24/09 08:59 PM
Because of Canada's conservative nature we were able to make it through while American banks are collapsing. You'll hear about Canada's sub-prime crisis but our banking system is so different and because our loans are recourse loans we simply can't just walk away from our mortgages. Sure we were exposed but NOTHING like what happened down south.So many U.S. banks have collapsed or shrunk that 4 Canadian banks are now among the continents largest banks. It reflects globally that Canada is a safe haven during times of economic uncertainty; which bolsters trading with Canada and of course positively influences our economy."Canadian … (1 comments)
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canadian economy: Edmonton 2009 House Prices - 03/21/09 05:17 AM
Want to see how house prices across major Canadian cities have fared over the the last 2 years?Take a look at this interactive map of real estate statistics from across the country, including home sales, average prices, apartment rents and vacancy rates.Edmonton's stats are as follows in October 2008:Vacancy rate - 2.4%Average monthly rent for 2 bedroom apartment - $1035Average resale home price (Dec 2008) - $310,000Home prices dropped 1% in 2008 and are expected to drop another 10% until 2010 when they will start to pick up again.As an investor house values are only important when you sell. Therefore timing … (0 comments)
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canadian economy: When one door closes.... - 12/22/08 08:34 PM
....another opens.I read an article today on how Hard Times Generate Entrepreneurs. Basically during an economic crunch we have to be more innovative and aggressive. Focus on a niche market within your customer base and serve them well."Small business have to adapt or die.So you have to look at your customer base, modify who you cater to if it's needed, and cater to that demand. . . . People will still need certain services, and the smaller the niche you serve, the more successful your business can be." Vance Gough, instructor of entrepreneurship at Mount Royal College's Bissett School of BusinessIn … (8 comments)
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canadian 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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canadian economy: January's Record Means More Deals For Buyers - 02/06/08 08:03 PM
"Near-record January sales indicate that housing sales will remain strong in the Edmonton area as buyers and sellers adjust to the new pricing levels," Realtor Association of Edmonton president Marc Perras
Purchasing a property with great terms or at a reasonable price is a lot easier now than it was 6 months ago. Sellers are willing to make properties assumables or give you a nice reduction because they don't want their property sitting on the market any longer.
"Prices are stable and are not expected to drop sharply despite the large inventory," Perras said.
Single family dwellings showed a minuscule drop at 0.6%, duplexes … (1 comments)
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canadian economy: Keeping Perspective - 01/31/08 09:32 PM
Mark Milke wrote this excellent article for the Edmonton Sun. If you are unhappy with the economic boom in Alberta now, then perhaps 1988's statistics will help you see the light - 9.7% unemployment and 18% interest rates. Seems unbelievable doesn't it?
"So let's keep present problems in perspective, even with the environmental or social problems -- which I don't downplay -- that accompany the energy industry's success.
Whether you're an Albertan who works in the resource industry, a doctor whose salary is paid partly by the existence of energy royalties, a trades guy or gal who doesn't have to beg for … (3 comments)
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canadian economy: Canada - Financially Fit - 01/31/08 07:32 PM
Canada is getting a lot of first prizes among the G8 countries. We rank first in quality of life, have the lowest cost of living, and the lowest unemployment rate.
Canada has diverse resource driven economy that, less than a decade ago saw significant proportions of all exports heading for our neighbours to the south. Due to Canadian government's tireless support of businesses diversifying their exporting focus and incredible foresight, now, nearly a quarter of all exports are destined for non U.S locations which has helped us to avoid the economic slump now prevalent in the U.S. Canada’s economy has … (0 comments)
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canadian economy: Alberta's Economy - The Envy Of Canada - 01/19/08 02:57 AM
RBC's latest provincial forecasts: "Alberta leads all provinces with above-average economic growth, followed by Saskatchewan and Nova Scotia. On the opposite end of the scale, and showing a complete turnabout with its mega-projects now in maturation, Newfoundland and Labrador is posting the slowest economic growth rate of 0.5 per cent, and on its heels is P.E.I., as well as Quebec and Ontario with its manufacturing woes. However, a more bullish outlook is in store by the end of this decade for Newfoundland and Labrador, New Brunswick, Nova Scotia and, in particular, Saskatchewan, where there is a possibility for a triple play … (7 comments)
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canadian economy: Edmonton Leads In Economic Growth - 08/12/07 03:42 AM
Edmonton leads the nation in highest year over year employment growth from June 2006 to June 2007."In terms of year-over-year employment growth, Edmonton (+7.0%) is currently the front runner, followed by Saskatoon (+6.4%) and Abbotsford (+5.7%). Montréal (+3.3%) is currently creating jobs faster that both Vancouver (+2.8%) and Toronto (+2.0%). Two cities known for their government employment are recording job losses, Ottawa-Gatineau (-1.3%) and Québec City (-1.5%)." Alex Carrick - Chief Economist, CanaDataThe city is has had increasing demand for skilled labour for the Alberta Oil Sands and the province's outstanding economy.Edmonton ranked third in Canada for jobless rate, Victoria, B.C … (0 comments)
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canadian economy: The Power Is Shifting - 07/22/07 01:05 AM
"Slowly but nevertheless surely Ontario is being edged out of the driver's seat of the federation. The latest push came this week when the Bank of Canada raised its key lending rate to curb inflation or, to be more specific, to cool the economy of Alberta.While Ontario still attracts the lion's share of newcomers to Canada, Alberta and British Columbia's populations have been increasing more quickly. Ontario's demographic growth has fallen under the national average for three consecutive trimesters over the past year, a first since 1981, according to Statistics Canada." Read More … (0 comments)
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