Tuesday, July 24, 2007

Youthful Alberta

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.

No comments: