Special offer

Youthful Alberta

By
Services for Real Estate Pros with Glenn Simon Inc.



Alberta has the youngest population in Canada. Its incredible economic growth promises high paying jobs and is attracting young workers from across the country. The younger work force reflects both the economy's current strength and future growth potential.

"In a relative sense, we do have a somewhat favourable situation in terms of economic growth,"
"Having a younger age overall could potentially mean more younger workers -- that's good for the economy because it means you have more entry-level workers, you can pay them a bit less and so it contributes to economic growth." Frank Trovato, Professor of Demography and Sociology at the University of Alberta.


The effect on Real Estate is that many of these young workers will be having and raising their families in Alberta. As their families grow they housing needs will increase and bolster the resale housing market.
Raj Dhaliwal
Century 21 Coastal Realty Ltd. - Abbotsford, BC
Personal Real Estate Corporation
Every analysis is good in Alberta now-a- days, ain't it Todd. BC is not too far behind. Stronger Canadian Dollar may hurt the provinces in the east a little but we are Ok for now at least. 
Jul 24, 2007 02:10 PM
Todd and Danielle Millar
Glenn Simon Inc. - Edmonton, AB
Nineteen years of excellence!

Hi Raj,

That is too true Alberta is really pulling all the punches now. The east is losing it's power now with Alberta and B.C's hot economy we will see what happens in the long run.

Jul 24, 2007 06:33 PM
Gary Bolen
McCall Realty - South Lake Tahoe, CA
CRS - Lake Tahoe Real Estate Information

Thanks for the information on Alberta. Work and youth are always good signs for a RE market.

Cheers... 

Jul 25, 2007 03:14 AM
Todd and Danielle Millar
Glenn Simon Inc. - Edmonton, AB
Nineteen years of excellence!

Hi Gary,

Is that ever true and you can see it in Alberta with a 70% increase in resale prices over the last 18 months!

Thanks for your comment,

Danielle

Jul 25, 2007 05:36 PM