Thursday, June 04, 2009

This And That

Highway Improvements to Create Jobs in Alberta - "Stimulating our economy and keeping people working during these tough economic times is a top priority for our Government," said Minister Merrifield. "The strong relationship between our two governments enables us to work together to help Alberta communities remain competitive and prosperous, while contributing to the long-term economic growth of our country."

"Our Government is fulfilling the commitments we made in Canada's Economic Action Plan," said Minister Ambrose. "By investing in roads and highways, we will help give our economy the boost it needs, while also creating opportunities to keep Albertans working throughout these difficult times."

Another reason why Alberta is the place to invest for the long term. Systematic building of infrastructure to prepare for the next upswing of the economy.

End is at hand for downturn: Expert- Hype over the economic meltdown has inspired unnecessary panic, as recessions are part of the ebb and flow of a healthy economy, chamber president Martin Salloum said, adding that speculation among members indicates the downturn will reach cessation within 18 months.

“Edmonton’s economy is diverse enough to weather the storm,” he told Metro, adding that proof of the Alberta advantage is omnipresent.

The biggest misconception, Salloum said, is that oil is Edmonton’s economic lifeblood.

“We’re not just a one-trick pony,” he said. “We’re much more diverse than people think.”

Alberta was the first province to experience the economic down-turn and is showing signs of being the first to come out of it. The economy is strong and diverse enough all we have to do is wait for demand to increase and Edmonton will go off.

Home sales reverse course - The number of resale homes sold through MLS in May rose 18.7 per cent over the same month last year, said the Realtors Association of Edmonton on Tuesday.

It's the second straight month of year-over-year increases in Edmonton-region home sales. April's residential sales were up 1.1 per cent over the previous month.

It follows six consecutive months --from October to March--when sales were down between three and 40.5 per cent from the year before.

Association president Charlie Ponde said the two-month turnaround, along with monthly sales increases since January, show the market is recovering, although some of the increase may be seasonal. "Now it has shown that it looks like a trend,"Ponde said.

Down-turn or not people still need a place to live and there are still a lot of jobs to be filled in Edmonton; new employees need a place to live - rent or buy.

Alberta cities score high on economy - Cowtown is Wowtown but Edmonton isn't far behind, says a report released yesterday that gave Calgary a top-of-the-class grade on a global scorecard for overall economic prosperity.

Calgary was the lone metropolis in a survey of international commerce heavyweights to earn an A grade in the Calgary Economic Development-commissioned Conference Board of Canada report.

Edmonton was third. Dallas was sandwiched at second between Alberta's two major centres in the 23-city ranking.

Such results aren't surprising for Calgary, which accounts for 5% of national gross domestic product, despite a local economy cooled by the recession, said Cowtown Mayor Dave Bronconnier.
Edmonton has the same potential as Calgary but with lower house prices and higher affordability. We know where Calgary is economically with Edmonton following you are going to get great returns on housing investments. Buying now with the incredible rates and soft prices is like being at the sale of the decade.

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