Edmonton Real Estate Investor: alberta economic optimism

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc.,
Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com
email: info@glennsimoninc.com

August 3rd., 2017

Volume 23, Issue 03

Dear Friends and Partners,

The talk about the economy is starting to cheer up. But, there isn’t a lot of strong economic data to support it, at least not long-term anyway. We should feel optimistic with the increase in building contracts and public sector industry, but oil & gas is still taking a hiding. ‘Diversification’ is present and needs much time to grow and take root. ‘Cautiously optimistic is a good phrase’ for this summer. If you want a darker read (or perhaps a rant) go HERE

Our next newsletter will be October

Central NW Edmonton: Idylwyde, Conversion to 4 Unit - Cashflow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites. Zoned RF 4 and with potential to build a revenue increasing garage, this is a great rental and long-term money maker. 10 minute drive to downtown 10 mins to U.oA. & Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite. 1971 built, large parking pad, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Idylwyde. Purchase price to include major renovation budget to add suites and improve exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Idylwyde is a mature neighbourhood that is convenient for tenants working downtown or attending U.o.A. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.

Purchase price: $629,000
Total Investment: $111,800
Your Estimated 5 Year Profit $79,958
Your pre-tax Total ROI is 60% or 12% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

=========================

Alberta is about to be Canada’s fastest growing economy again

By Greg Quinn & Catarina Saraiva, Bloomberg, July 28th., 2017

"Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada.

Gross domestic product in the western province will rise by 2.9 percent this year, according to a Bloomberg survey of economists, up from an April estimate of 2.5 percent. That matches forecasts for neighboring British Columbia, and in 2018 Alberta comes out on top with a 2.4 percent expansion that would be tops among Canada’s 10 provinces." JUMP
===============

Albertans see wage increase; economist considers it encouraging sign

By Scott Johnston, Global News, July 27th., 2017

"The take-home pay of employed Albertans rose in May by 1.9 per cent. It marks what City of Edmonton chief economist John Rose considers another encouraging sign the region is now on the rebound after a recession.

Considering the numbers from Statistics Canada on the average weekly earnings, alongside improvements in employment, retail sales, wholesale activity and housing starts, Rose is cautiously optimistic." GRAB THIS ARTICLE

===============

Alberta economy rebounding, but deficit will remain: Conference Board of Canada

By Alyssa Julie, Global News, July 27th., 2017

"A new report suggests Alberta will have trouble getting back to a balanced budget despite an increase in oil royalties and corporate tax revenues.
The Conference Board of Canada forecast in its fiscal snapshot that Alberta’s economy would grow by more than three per cent this year and 2.3 per cent in 2018. But it said economic growth would not reach pre-recession levels." FOLLOW THIS STORY

===============

I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

“I feel extremely lucky, extremely grateful, and a little bittersweet, too.” -Wentworth Miller

Warm Regards,

Todd and Danielle Millar

It's very, very easy to forget how you got to where you are. Success, comfort and complacency can lead to amnesia regarding the amount of hard work and frugality it took to get to that level of success. (Think the anti vaccination movement for example)

".....Those of us in the industry know the products we develop are indispensable to the economies of the world. And so, even as we work our way through this low-price environment, we’re confident in the future.

During my 36 years with Chevron, oil prices have dropped 50 percent or more five times. In the most recent fall, oil went from a high of just over $115 a barrel to under $50 a barrel in just six months. When prices fall, industry pulls back on investment and scales back the workforce in line with activities. Ours is a long-term business, so we know that eventually supply and demand will come back into balance and prices will stabilize. The global economy depends on it.

The energy we produce enables light, heat, mobility, mechanized agriculture, modern communications, the health system that keeps us well, and the many electronic devices that keep us connected and entertained. It’s also the feedstock for everything from crayons to contact lenses, not to mention the basis of our roads and runways." Linked In Executive Editor Dan Roth

Read more here

Alberta is forging ahead with economic optimism - “Saudi Arabia’s (reported discounting of oil prices) could drive prices lower. But we could also see a situation where worries about supplies coming out of Iraq start driving oil prices higher again. There are just so many moving parts to this, and so many of them are geopolitical, not economic in nature.” Read more

Alberta's Goldilocks Economy - "In the long-run, it's stacked against us," he explained. "Energy is always going to be our strong card, but how do we increase that envelope of what's captured in the energy sector. It's hydrocarbons plus what other renewable energy sources could we be the champions of in Alberta. There's still a lot of work we need to do.” Jump here

When it gets to cold go to L.A. - "American Airlines launched Thursday its daily non-stop flight to Los Angeles International Airport from Edmonton." More here

Landlords or property managers are used to encountering strange things after a tenant has moved out. This Alaskan lady has probably topped everyone else by finding her ex-husband's body under the stairs. Strange but true read Here

Some of the best food I've eaten around the world has been underground waiting for the train (eki soba for one) ... lets hope this Edmonton cafe can deliver as promised! Jump

Edmonton is experiencing a hotel boom. That is because we need more rooms to get deals done in this city Read

Alberta economy is hot Here

It feels like old times with Alberta leading Canada economically. We are all very excited to see what 2014 will bring.

"Canada's oil-rich Alberta has come out of the global recession virtually unscathed, and the winning streak isn't over. Fuelled by the oil sands industry, Alberta will again be Canada's fastest growing economy in 2014.

Over the past few years, Canada has seen a two-tiered economy in which resource-rich provinces consistently outperformed the rest of the country. For three consecutive years, Alberta has been the largest contributor to economic expansion in Canada, with the energy sector fuelling virtually all the growth. In 2013 Alberta's GDP is projected to rise by 3.2% and slightly more over the following year.

According to the latest Provincial Outlook report from the Conference Board of Canada, Alberta's economy has "remained resilient" despite $1.7 billion in damages from flooding this past summer. The Board cautions that pipeline constraints remain a risk, as more bitumen will need to make its way to markets. Over the near term, however, existing capacity should do."

Read full article here

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

October 15th., 2013
Volume 15, Issue 5

Dear Friends and Partners,

Giving thanks; what a pleasure it is to be able to give.

Now that bellies are full and chins-wagged over the Thanksgiving long weekend (here in Canada), take a moment to read over the news stories we've put together this month. It looks like we have much to be thankful for in Alberta; and truly, most of Canada.

Immigration is up, in-migration is up, unemployment is down and rates are low. Reap the up-cycle as you can.

And Thank YOU for taking the time to read our newsletter, I wish you a fruitful October.
South West Edmonton: 4-Unit Cashflow Property in Allendale

Turbo charge your portfolio. This side by side duplex with in-law suites is well located near UOA. Upgraded 2006 this property has front entrances for upper suites and back entrances to lower suites. Upper 2BD units have been upgraded as well as the two lower 2 BD suites with new laminate, kitchens and bathrooms. You'll find a double detached garage, adding extra income. Spacious upper units shine with original hardwood, new fixtures and paint. Excellent location near the UOA in the mature area of Allendale. A short walk to neighbourhood park, Whyte Ave, hospital and UOA. Fast access to bus routes and Whitemud Drive.

Comes complete with great tenants making this a totally turn-key property for you. Convenient south west west central area with easy access to transit and downtown. Inglewood is an established, sought after neighbourhood. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.

Purchase price: $625K
Total Investment: $145,305K
Your Estimated 5 Year Profit: $81,994.20K
Your pre-tax Total ROI: 56% or 11% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================

Calgary and Edmonton will be Canada's economic leaders in near future
Average annual growth of 3.1 per cent forecast for 2014-2017

By Mario Toneguzzi, Calgary Herald, September 27th, 2013

CALGARY — Calgary and Edmonton will be the country’s economic leaders in the next few years, according to the Conference Board of Canada.
In releasing its metropolitan outlook on Friday, the board said both Alberta cities will average annual economic growth of 3.1 per cent during 2014-2017.

The provincial centres will regain top billing in the country after Saskatoon and Regina, who are forecast to lead the nation in economic growth this year of 5.2 per cent and 5.0 per cent, respectively. The board predicts Edmonton will be third in Canada in 2013 at 4.2 per cent followed by Calgary at 3.3 per cent. FOLLOW THIS ARTICLE

===============

Enbridge planning $1-Billion pipeline to boost oil sands growth

By Carrie Tate, Globe and Mail, October 1st 2013

Enbridge Inc. wants to build a $1-billion pipeline to the oil sands designed to carry diluent – a product needed to facilitate expansion efforts for energy projects in northern Alberta.
The pipeline company on Tuesday said it wants to build a line that would send 200,000 barrels of diluent per day between Edmonton and Fort McMurray.

Diluent is used to thin heavy crude and allow it to flow through pipelines. Without an ample supply of diluents, such as light oil, the energy industry’s plans to expand bitumen production in northern Alberta could be inhibited. GRAB THIS STORY

===============

Alberta Sees Huge Growth Spurt
International migration also gallops ahead

By James Wood, Calgary Herald, September 27th, 2013

Alberta’s population has roared past four million, with a strong economy attracting newcomers from across Canada and around the world.
Population estimates from Statistics Canada released Thursday put the number of Alberta residents at 4,025,074 as of July 1. That represents a 3.5 per cent year-over-year increase — and the highest rate of growth since the early 1980s.

For the 12 months ending in July, the province gained 52,677 residents from other provinces — nearly double the amount from the same period a year earlier — and 52,551 international immigrants. READ MORE HERE

===============

I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

"Keep your eyes open to your mercies. The man who forgets to be thankful has fallen asleep in life." –Robert Louis Stevenson

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

December 1st., 2012
Volume 13, Issue 7

Dear Friends and Partners,

I took part in pretty good workshop last week and here's one of the takeaways I got;
"If you want people to listen to you, listen to them". Simple enough, right? Something good to practice everyday and double time over the holidays.

At this event we were seated in tables of 5. I immediately noticed that my partner for the morning session had a real knack at asking excellent questions and then listening empathetically to the reply. Actually, it really wouldn't have mattered if her questions weren't as good as they were, it was at the quality and depth of her listening.

I asked her what line of work she was in and it turned out that she is a psychologist. Now you don't need to be a psychologist to listen well, but granted she's honed her skills. Nevertheless speaking with her reminded me of the effectiveness asking a few quality questions can bring. The real skill can be found in and waiting, listening and drawing out your partners reply - and not necessarily comment on it, just acknowledging it.

Another useful comment the speaker made was to 'Grow your strengths and manage your weaknesses'. It's a fairly popular adage and also a powerful one, especially when you apply it to the people that you work with, your family and your kids. Have them tell you what they perceive as strengths/weaknesses and then build them up whenever you have the chance. If you have kids you know they will love this exercise and your wife will tell you without asking!

Cashflow King - Great Price Killarny 6 Suiter

Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.

Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving North East.

Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year

These 6 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

=========================

Alberta Oilsands to Propel Canadian Economy for Next 25-30 Years, Report Says
EDMONTON - Many Canadians don’t realize how vital the Alberta oilsands are to the national economy, and the need for a public dialogue based on facts is critical to the success of the industry, says the co-author of a report by a leading financial advisory firm.

“The oilsands are going to be the economic engine for the country for the foreseeable future, for the next 25 to 30 years, and it is akin to the impact of building the national railway in the 1880s,” said Marc Joiner, a partner at Deloitte in Toronto.

The firm’s report, Gaining Ground in the Sands 2013, outlines 10 obstacles and opportunities and cites the need for a national debate and some kind of unified action and direction, perhaps along the lines of the Canadian energy strategy being promoted by Alberta Premier Alison Redford.

The Deloitte report lists some facts about the oilsands, including the estimated generation of $2.1 trillion in economic benefits over the next 25 years and 905,000 jobs across Canada by 2035. Outside Alberta, about $5 billion each year in supplies and services will be flooding into the province, primarily from B.C., Ontario and Quebec, states the report. GRAB THIS STORY

===============

Finding Skilled Workers a Tough Job All Over the World, Not Just Alberta

By Gary Lamphier, Edmonton Journal, November 27th 2012

EDMONTON - With the lowest jobless rate and the fastest-growing economy in Canada, Alberta is again grappling with labour shortages.
The situation isn’t yet as severe as it was at the height of the last boom, but if existing trends persist, a repeat of 2006-2007 may be just a year or two away.

Which is why Alberta government and business leaders have spent the past year pounding the table, warning of a looming shortage of more than 100,000 workers by 2020.

What is less well known, however, is that Alberta’s labour challenges are hardly unique. If anything, the global competition for qualified workers will get far tougher in the years ahead. FOLLOW THIS ARTICLE

===============

Calgary Top Real Estate Investment Market in Canada, Edmonton Ranked Second

By Mario Toneguzzi, Calgary Herald, November 12th 2012

CALGARY — Calgary has been ranked as the top real estate investment market in the country followed by Edmonton by the Real Estate Investment Network Ltd.
In its Top Alberta Investment Towns report, REIN said that Alberta’s economy has come out on top after a few years of economic turbulence.

The report identifies towns and regions poised to outperform other regions of the province over the next three to five years.

And none is better than Calgary.

“After a couple of roller-coaster years, Calgary is back on a roll. The return of jobs to the city, as well as greatly reduced office vacancy rates show us that the city’s short slump has come to an end,” said the report. “Recording a GDP growth of three per cent in 2011, and one of the lowest unemployment rates in the country, it’s no wonder Calgary is sitting as one of the top places in North America for property investors. When you combine the economic fundamentals, the population growth, and a burgeoning provincial economy, it is easy to see why so many businesses and people have come to call the city home. READ MORE HERE

===============

I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

"Hard times arouse an instinctive desire for authenticity." -Coco Chanel

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

Alberta Economic Snapshot for Nov. 17, 2012 Troy Media - "The rest of Canada just doesn’t understand the importance of the oil sands to the economic future of the country; at least that’s the message from a Deloitte study released this week. According to the report, “government revenues related to the industry raised close to $22 billion and provide indispensable support for social programs Canadians value.” The report goes on to suggest if the social license to develop the oil sands is revoked there is no ready alternative to these funds. Canadians from coast to coast need to be aware of the trade-off. Of course there are other issues at play."

Alberta's Economy the best in Canada in 2011 - "Alberta’s economy grew at the fastest rate among the provinces in 2011, expanding 5.1 per cent compared with an increase of 4.0 per cent in 2010, according to Statistics Canada.

The federal agency reported Monday that exports in the province advanced 9.2 per cent, more than four times their pace in 2010. Consumer spending rose 3.4 per cent, driven by household outlays on durable goods, notably new trucks and used motor vehicles, and services. Business investment was up 7.6 per cent, despite a 5.2 per cent decline in investment in residential housing."

Alberta’s economy grew at the fastest rate among the provinces in 2011, expanding 5.1 per cent compared with an increase of 4.0 per cent in 2010, according to Statistics Canada.
The federal agency reported Monday that exports in the province advanced 9.2 per cent, more than four times their pace in 2010. Consumer spending rose 3.4 per cent, driven by household outlays on durable goods, notably new trucks and used motor vehicles, and services. Business investment was up 7.6 per cent, despite a 5.2 per cent decline in investment in residential housing.

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DetXytml

Alberta's Economy keeps market strong - "With Alberta’s economy moderating — but remaining above the national average — the province’s housing markets look to be balanced in 2013, with prices modestly increasing, says a federal agency.
Alberta’s strong net migration, strong full-time employment combined with a low unemployment rate, and continuing low mortgage rates are all contributing to the healthy outlook, said regional economist Lai Sing Louie of Canada Mortgage and Housing Corp.
“The oilsands are Alberta’s ace in the hole — it’s driving our economy,” Louie said at a recent presentation of CMHC’s Alberta economic and housing market outlook."

With Alberta’s economy moderating — but remaining above the national average — the province’s housing markets look to be balanced in 2013, with prices modestly increasing, says a federal agency.
Alberta’s strong net migration, strong full-time employment combined with a low unemployment rate, and continuing low mortgage rates are all contributing to the healthy outlook, said regional economist Lai Sing Louie of Canada Mortgage and Housing Corp.
“The oilsands are Alberta’s ace in the hole — it’s driving our economy,” Louie said at a recent presentation of CMHC’s Alberta economic and housing market outlook.

Read more: http://www.calgaryherald.com/Alberta+economy+keeps+market+strong/7597332/story.html#ixzz2DevVUE76

With Alberta’s economy moderating — but remaining above the national average — the province’s housing markets look to be balanced in 2013, with prices modestly increasing, says a federal agency.
Alberta’s strong net migration, strong full-time employment combined with a low unemployment rate, and continuing low mortgage rates are all contributing to the healthy outlook, said regional economist Lai Sing Louie of Canada Mortgage and Housing Corp.
“The oilsands are Alberta’s ace in the hole — it’s driving our economy,” Louie said at a recent presentation of CMHC’s Alberta economic and housing market outlook.

Read more: http://www.calgaryherald.com/Alberta+economy+keeps+market+strong/7597332/story.html#ixzz2Det0ZA7b

Alberta’s economy grew at the fastest rate among the provinces in 2011, expanding 5.1 per cent compared with an increase of 4.0 per cent in 2010, according to Statistics Canada.
The federal agency reported Monday that exports in the province advanced 9.2 per cent, more than four times their pace in 2010. Consumer spending rose 3.4 per cent, driven by household outlays on durable goods, notably new trucks and used motor vehicles, and services. Business investment was up 7.6 per cent, despite a 5.2 per cent decline in investment in residential housing.

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DesUBeix

Alberta’s economy grew at the fastest rate among the provinces in 2011, expanding 5.1 per cent compared with an increase of 4.0 per cent in 2010, according to Statistics Canada.
The federal agency reported Monday that exports in the province advanced 9.2 per cent, more than four times their pace in 2010. Consumer spending rose 3.4 per cent, driven by household outlays on durable goods, notably new trucks and used motor vehicles, and services. Business investment was up 7.6 per cent, despite a 5.2 per cent decline in investment in residential housing.

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DesUBeix

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DesFQvA8

“For the most part, Western Canadian provinces have been relatively shielded from the fiscal and economic troubles lingering in external markets,”

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DesFQvA8

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2Des22wdY

e: helopment of the oilsands is expected to continue to drive economic growth in Alberta, despite the recent slide in oil prices. Tight labour markets – the unemployment rate is down to 4.5 per cent – have boosted wages and consumer spending. Alberta is forecast to lead all provinces in growth for the second consecutive year, with real GDP set to expand by 3.4 per cent in 2012.”

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2Des22wdY

Development of the oilsands is expected to continue to drive economic growth in Alberta, despite the recent slide in oil prices. Tight labour markets – the unemployment rate is down to 4.5 per cent – have boosted wages and consumer spending. Alberta is forecast to lead all provinces in growth for the second consecutive year, with real GDP set to expand by 3.4 per cent in 2012.”

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2Des22wdY

“Development of the oilsands is expected to continue to drive economic growth in Alberta, despite the recent slide in oil prices. Tight labour markets – the unemployment rate is down to 4.5 per cent – have boosted wages and consumer spending. Alberta is forecast to lead all provinces in growth for the second consecutive year, with real GDP set to expand by 3.4 per cent in 2012.”

Read more: http://www.calgaryherald.com/business/Alberta+economy+best+Canada+2011/7569734/story.html#ixzz2DerqCCQd

From the Alberta, Canada Website:

"From the beginning, the story of Alberta has been tied to the remarkable wealth of the land offered by diverse landscapes, fertile soils, rich forests, and more recently, oil and energy resources. Albertans continue to bring to this land their dreams and aspirations, realizing opportunities, responding to challenges in a spirit of entrepreneurship and industry, their hard work rewarded by beautiful, healthy Alberta that is the best place to live, work, and raise a family.

Today, investors and entrepreneurs from around the world are drawn to Alberta - its energy, optimism and success.

The people of Alberta enjoy a very high quality of life, including the lowest overall taxes in Canada. Albertans have the highest disposable incomes in Canada, the lowest unemployment rate, and a big, beautiful backyard to enjoy all year long. That’s why so many people think Alberta is an ideal place to live, work , and do business."

There is a presentation up from August 2012 the great thing is these presentations don't take a degree in Economics to understand. That is why they are so informative for the layperson to get a feel of what is happening in our province.

Get your PDF here