Saturday, December 02, 2006

Edmontonians Aren't Feeling It

"One in three Edmontonians say they haven't benefited from good economy"
Mike Sadava, The Edmonton JournalPublished: Friday, December 01, 2006

One third of Edmontonians say that they haven't noticed any economic change in their situation even though Edmonton's economy is the envy of the rest of Canada.

Mike Sadava, in his article in The Edmonton Journal, says this may depend on factors such as age, education and income. Things like a university education, owning your own home and having a yearly income of over $100,000 per annum were more likely to affect your benefits from current Edmonton economy.

"... many people who own homes are likely doing better than they think they are because they forget that they are sitting on an asset that is appreciating in value.

They might notice that the price of a coffee at Tim Hortons has gone up a dime, but they won't think about how much the value of their home has risen, at least until they think of selling....."

The fact is that home values have increased by 53% over the last year, unemployment is at a national low, salaries a national high,taxes the lowest in Canada and the economy is on fire. Sure prices may be increasing for daily commodities but there is so much opportunity in Edmonton now, that we are in a world model economy. The best thing to do is take or make an advantage of it.

The poll is deemed to be accurate within 5.7 percentage points 19 times out of 20.


You have personally benefited from the boom

Stongly or moderately agree 60%
Strongly or moderately disagree 37%
Don't know / Not applicable 2%
Your wages have increased more than the cost of living
Strongly or moderately agree 32%
Strongly or moderately disagree 57%
Don't know / Not applicable 11%
Have rising real estate prices been good or bad for you?
Very or somewhat good 37%
Very or somewhat bad 20%
Did not make a difference to you 43%
Don't know Less than 1%

1 comment:

Patrick said...

Awesome real estate post. I’ll definitely recommend it to other. Thanks

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