Edmonton Real Estate Blog - Archives February, 2008

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Home : Blogs : Norm & Lisa Racine : Edmonton Real Estate Blog : Archives February, 2008

U.S. Mortgage Meltdown Is A Minor Inconvenience - 02/28/08 03:04 PM

The U.S. sub-prime mortgage fiasco is just a blip compared to the economic disaster that is coming for Americans. The U.S. government is going trillions and trillions of dollars into debt. There is the war. There is the recently announced rebates for all 300 million Americans. There are hundreds of billions in bail outs of privately owned banks and corporations. The list of unnecessary expenses is lengthy. More than half of all generated government income (mostly taxes) is being used just to pay interest on this debt. Current trends continuing, it will eventually be all of the governments revenue. Then what? … (0 comments)

Go West Young Man - 02/27/08 02:04 PM

Scotiabank released an economic report this week. It mentions that the western provinces are driving the national real estate trends. This is not surprising. As we all know, easterner's have been flocking here for years, and there is no end in sight. Work BC is holding four job fairs in southern Ontario over the next week. The organization, made up of BC's top 100 employers estimates there will be 1 million new jobs to fill over the next 10 years in British Columbia. Alberta isn't far behind in these expectations, and Saskatchewan's demand is rising as well. The report also finds … (0 comments)

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