edmonton: Alberta Economy
- 08/13/15 04:46 AM
If you read some of the news, it's time to batten the hatches an look for cover.
It’s going to be a really brutal year for Alberta’s economy — but next year should be better Oil-price drop has put Alberta’s economy into ‘tailspin,’ Conference Board of Canada says
Then others say the worst is passing but it's not totally over.
“The parade of bad news has been stemmed a little bit. We’re no longer hearing week after week of these layoffs and all kinds of things we were hearing back in January and February,” said Hirsch. “We still might hear about more. In fact, I’d … (0 comments)
edmonton: This and That September
- 09/28/12 05:44 AM
Alberta housing leads nation: CMHC - "The economy in Alberta has been improving and is expected to be one of the leaders in economic growth," "That will naturally support the housing market."Richard Cho, senior market analyst with CMHC's prairie division
Everything you wanted to know about Edmonton - Here is a great site about people living in Edmonton. Lots of good facts and feedback from real Edmontonians. Great if you are thinking of making the move out west.
Edmonton's job market among hottest in Canada - "Edmonton’s 4.5-per-cent unemployment rate ranked third among Canadian census metropolitan areas, behind Kelowna’s … (0 comments)
edmonton: Raise Your Hand
- 06/15/11 01:24 PM
Alberta Oil Sands Investment Real Estate News®Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517www.glennsimoninc.com email: info@glennsimoninc.comJune 16th., 2011Volume 10, Issue 6Dear Friends and Partners,I've had a very busy month that took me to Mississauga, NYC, 3 awesome workshops and the Canadian book launch of Change Anything where I met author Joseph Grenny. The travel was fantastic and the folks that I learned with at these events, were amazing. I'd love to share with you the long list of cool experiences that I had including buying a Gretchen Fuss painting in SoHo to hanging … (0 comments)
edmonton: Edmonton's 30 Year Vision
- 05/22/08 11:07 PM
The vision of Edmonton as a thriving arts community, a clean environment, with big beautiful parks, a powerful economy and a unique look was compiled by over 2,200 citizens with a common goal in mind- Edmonton by 2040.“We hope this vision will allow the flexibility, in those interim steps, to get to that point, but we should always want to get to that point,” “My assumption is that most (future) councils will want to make environment sustainable, most will want to have a good, multi-cultural community, they might have different steps in getting there, but they would still want to get … (3 comments)
edmonton: Do You Know The Alberta Advantage?
- 10/11/07 12:47 AM
A marketing term, "branding" if you will, of a province by the genius that is Ralph Klein. The Alberta Advantage was used to promote, well, Alberta's advantages to the world. From giving Alberta shaped cheques (can't find proof of this but I heard it on a podcast -urban legend?? folklore??) to charities to opening Alberta offices in countries around the world; Klein started a highly successful marketing campaign for a province like it was the hottest new product around. And do you know what? It is."Entrepreneurial-ism" and business are what Klein promoted; one look at Alberta's blockbuster economy shows that he … (2 comments)
edmonton: Best In The West
- 09/06/07 09:45 AM
Another feather in the city's cap...Edmonton was given the title of Number 1 metro area in Western Canada for business investment, this is based on the number of capital projects and expansions taking place in the region says Edmonton Economic Development Corp (EEDC).Alberta comes in first as the most competitive province in Canada. “A hot economy, cost-competitiveness and support for research and innovation combine to make Edmonton an attractive location for businesses and careers to thrive,” said Ron Gilbertson, president and CEO of Edmonton Economic Development Corp."To Read The Rest Of The Article From Alberta Index Click Here … (0 comments)
edmonton: Homeless In Edmonton - Tent City
- 08/02/07 02:37 PM
Picture Courtesy of Edmonton SunOver 100 homeless people are camped out in tents in downtown Edmonton. The Alberta Oil Boom and the subsequent real estate boom have people coming from all over the country, and the world, to find high paying oil sands jobs. However, the near 72% increase in property values have left a people unable to enter the housing market.Edmonton is notorious for its -40C degree winters, living in a tent is impossible in those temperatures.The city and government are working hard to come up with alternatives including shelters and subsidized housing.“You just can’t kick people out ... because … (5 comments)
edmonton: Why Tangible Assets Are The Way To Go
- 07/31/07 01:13 PM
How many of you have stocks? Right now you are probably checking E*Trade every 5 minutes to see HOW MUCH WORSE IT CAN GET. If you have all your saving or retirement nest egg in the market, then I am really sorry and am not making light of this situation.Today on MSN "A record high for crude oil and continued concerns about the health of financial stocks crushed a morning rally, extending the losses the stock market has seen since mid-July to about 6%""Crude oil had its first close above $78 a barrel in New York today and there was talk … (0 comments)
ATB Financial Business Sentiments Index(TM) most recent edition predicts the continuing strength of the Alberta economy. "We are seeing an upward trend in business sentiment that is reaching thelevels of last year.... This optimistic outlook is a result of continued strength in employment growth and projected oil sands development." Todd Hirsch, Senior Economist ATB FinancialIt doesn't take financial genius to realize that economic growth and an upward trend in business generally means a higer demand for employees. Job seekers will require rentals, they will purchase properties and increase the demand on the housing market. Great if you are investing in … (0 comments)
edmonton: Disgruntled
- 06/11/07 12:34 AM
This comment came from a disgruntled Edmontonian. I planned to email him directly but Dustin's email address was a dud. "Dustin's email: Your "real estate investments" are going to put me on the street. Unfortunately, real estate has now become something that only investors can afford. I am a professional engineer making good money and housing in Alberta is simply unaffordable. I have absolutely no idea how it is affordable for a grocer or the rest of the working class to afford a home. Why not focus your business on helping people find affordable housing regardless of socioeconomic status? Your greed … (2 comments)
edmonton: Hot Economy 5 to 8 With Good Behaviour
- 06/03/07 02:53 PM
If you are worried that Alberta's hot economy will freeze any minute - don't. Taking into account the $100+ Billion of smart money investmented into the province, economic growth rivaled only but China and immigration numbers that are leading Canada; this province is in for a long hot economic run.IF Alberta was only about oil the above graph courtesy of www.Rigzone.com should quell your fears. We aren't even at the beginning of the big increase in oil production. Alberta has an incredibly diversified economy, oil is big, but other industries like nanotechnology will help keep the boom alive."Strathcona County’s manager of … (0 comments)
edmonton: Labourers Westward Ho!
- 04/27/07 11:08 AM
Alberta's boom and subsequent labour shortages are slowing down attempts to improve Edmonton's stressed infrastructure."Potholes half a metre across and 10-cm deep are a nuisance on any street, and when they started dotting a major Edmonton corridor driven by more than 120,000 vehicles a day, the city started to act"Edmonton's road department secured funding to fix the stretch of Whitemud Dr., then put the project out for tender and waited.For the first time in history, there wasn't a single bid, said Joe Kabarchuk, director of roadways construction: "We were shocked." If you are a contractor or skilled labourer you are sorely … (0 comments)
edmonton: Gouging Renters - My Eye
- 04/24/07 10:44 AM
"Every renter in Alberta is in danger of being gouged because of the Conservatives' refusal to protect them from huge rent increases," Martin told a news conference. "This government has chosen to listen to the interests of the big landlords and real estate investment trusts like Boardwalk rather than those of ordinary Albertans,..." NDP MLA Ray Martin Edmonton Sun Opinion Kerry DiotteI'm just not feeling it. Of course the newspapers are on and on about the evil "Big Landlords" who are raising rents $500 a month, twice a year. What about the last 3 or 4 years when rents were next … (0 comments)
edmonton: Lower Down Payments
- 04/24/07 01:34 AM
Sorry I am a little late on this one. The federal government passed a bill to lower the mortgage downpayment requirement to 20%."The new legislation within Bill C-37 affects all mortgages or loans on residential property and requires that borrowers carry mortgage default insurance when the loan-to-value exceeds 80 per cent. The previous 75 per cent maximum loan-to-value had been in place for 40 years."Source RBCThis will really help people in overpriced markets. Take Vancouver where housing affordability for a two story home is at 73.5% of local median household income that 5% will make a difference in the outrageous amount … (2 comments)
edmonton: A Quickie About Mortgage Fraud by Danielle
- 04/09/07 12:30 PM
When I was a crazy teenager I used to tell my cousin all the stuff I would get up to. She would hold up a fork close to her eye and peer at me to see, "How you would look behind bars". I can pretty much guarantee that no one looks good behind bars so take heed.Mortgage fraud is rampant. Don`t lie on your mortgage application. The banks don`t care who told you it was okay to write what. Just tell the truth. It is a crime and if you get caught there will be a lot of grief especially if … (0 comments)
edmonton: To Enforce Or Not To Enforce? That IS The Question
- 04/08/07 11:52 AM
Unlike B.C and Ontario there are no government enforced rent increased guidelines in Alberta. Landlords are free to raise their rents as much as they like every six months.These rent hikes are important to make the property investment work, of course most landlords work with integrity and raise rents in reasonable increments. "....a young family facing a total rent increase of $375. They faced a hike in December and one that's coming in June. They'll wind up paying $1,175 for their north-end condo, a full 50% of their take-home pay." Kerry Diotte However, after a 52% increase in real estate prices last … (1 comments)
If you read some of the news, it's time to batten the hatches an look for cover.
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