Thursday, June 11, 2009

Things are looking up!

PM Stephen Harper's June 2009 economic progress report - -Some signs of stabilization have been appearing in the world economy. And Canada's economic performance, though pulled down by the global recession, remains the best among all major developed countries.

-These measures are creating and protecting jobs, building infrastructure, easing the tax burden on families, supporting Canadians who have lost their jobs, helping threatened industries, and laying the foundations for our future prosperity.

-Combined with the actions taken by provinces and territories, Canada's economic stimulus this year and next is proportionally the largest of any country in the G7!

Canada was never completely pulled under by the recession in fact our banks were a model of safe banking practices effectively side-stepping most of the major crash.

Alberta consumers optimistic about economy: report - "Despite an economic downturn, half of Albertans say now is a good time to buy big-ticket items while a quarter expect their household income to increase in the next year.

Consumers in Alberta are in an unexpectedly optimistic mood, according to a confidence survey of 900 Albertans sponsored by PricewaterhouseCoopers LLC and conducted by Leger Marketing Inc. released Monday."

With stores offering incentives to buy and many people realizing, "Hey I read about the recession but my life hasn't changed THAT much", stores are going to start seeing improvements in sales.

Confidence in housing market a 'good sign': economist -Despite a stream of negative economic news, most Canadians who've recently bought a home have confidence in their decision, according to a survey by the Canada Mortgage and Housing Corporation.

A national consumer survey released Tuesday said 90% of recent home purchasers believed that a house is a good long-term investment. Almost 70% of respondents also said they felt that this is a good time to buy a home.

BMO economist Robert Kavcic said he's not surprised that consumers might feel this way. "We've seen house prices come down across the country, and mortgage rates are bouncing around record lows," he said. "The cost of having a home right now looks very low relative to the past five or six years."

If you are in a position to buy a house as an investment then now is the time to do so for all the same reasons.

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