economic: Recessions from 1962-2007, world wide - 02/05/08 05:11 PM
The Economic Research Center studies recessions.
Between 1962 and 2007 the following countries have been in recession x% of the time:
Germany - 37%Japan - 18%Italy - 18%US - 13%Britain - 10%Canada - 8%What is a recession?A recession occurs when an economy grows at less than 0 ... or negative ... over two quarters.
Germany has been in a recession 37% of the time over the last 45 years.
Some believe that when the US sneezes, Canada follows. Not true. The US has been in a recession  13% of the time - while Canada has only been in a recession 8% of the time.
My friends, … (4 comments)

economic: Calgary, Alberta Real Estate Appreciates 18.62% in 2007! - 01/04/08 11:44 PM
The stats are out ... and Single Family Homes in Calgary appreciated 16.62% in 2007. Condo's increased by 20.41% ... for combined appreciation of 18.62%!
 The year-to-date average price of a single family Calgary metro home in 2007 was $472,230, and the year to-date average price of a metro condominium was $316,370.
The year-to-date median price for a home was $421,000, an increase of 16.62 per cent from the 2006 year-to-date median price of $361,000. (Creb.com)
These are amazing stats.
March and April was a Sellers Market ... where multiple offers and high prices were the norm. May through July showed a balanced Market. Since … (4 comments)

economic: Calgary's robust economy still far from cooling off - 12/03/07 06:25 PM
Geoffry Scotton of the Calgary Herald recently reported that there has been little substantial slowing of overall economic activity in Calgary. Calgary continues to perform above expectations despite some unsettling influences that include low natural gas prices, royalty review and the increase in the value of the Cdn. dollar. … (0 comments)

economic: Petrobank Enegy, headed by CEO John Wright, reveals plans for Oilsands Plant - 11/27/07 03:34 AM
My sister, who lives nearby, arrived at my door this morning at about 7:15am ... covered in snow. She was out walking and decided to stop by. She recently assisted my brother in buying his first Calgary home, and now she's nervous that there will be a World Economic Slow down in the spring. She's nervous that she assisted my brother in a home purchase, that will get him in trouble.
I asked if she was listening to CBC radio too much. I asked where she was getting her information ... because it wasn't the same information I was getting.
I told her … (0 comments)

economic: Oil hits $99.29 a barrel on Wednesday, Nov 21! - 11/22/07 02:14 AM
In Jan or Feb of this year, Greg Habstritt, who has been investing in Real Estate for many years and runs Investors Agent in Calgary, predicted oil would hit $100 per barrel by Christmas 2007.
I've admired Greg and his insights on economic fundamentals since first meeting him in 2004.
I've been fortunate to meet a few key players ... who help me understand the econmic fundamentals which support real estate investing opportunies here in Alberta. This information has assissted me in significantly increasing the networth of my own ... and many clients.
It's my birthday today. We're closing on an investment/recreational property in Nicolson, BC (near … (1 comments)