GDP Growth fuels the real estate success cycle.
Food, Fuel, Fertilizer and Forestry
December 19, 2011 By Leave a Comment
Although there is a current slump in real estate prices, Canada is well positioned to weather the current economic storm. This is because we provide Food, Fuel and Fertilizer to other countries. 3 consumables required all over the world and needed in boom time or in a recession.
Canada enjoys a stable democratic government unlike other countries in the world. This puts Canadian real estate in a great position economically and should help property values to remain stable for the time being and increase in the long-term.
Alberta’s 14.7 Billion Dollar Trust Fund
December 19, 2011 By Leave a Comment
Alberta Heritage Fund 2011-12 Second Quarter Update released www.albertaheritagefund.com
November 21, 2011
As detailed in the Alberta Heritage Savings Trust Fund 2011-12 Second Quarter Update, the Heritage Fund is valued at $14.7 billion as of September 30, 2011, a net loss of $134 million from 2010-11 year-end, due to weak equity markets in the wake of ongoing global economic turmoil.
Throughout its 35-year history, the Fund has generated approximately $32 billion in investment income that has improved the quality of life in the province.
Prices just can’t go Higher…or can they?
December 18, 2011 By Leave a Comment
“The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline.” (Time, December 1, 1947)
“Houses cost too much for the mass market. Today’s average price is around $8,000-out of reach for two-thirds of all buyers.” (Science Digest, April 1948)
“If you have bought your house since the War… you have made your deal at the top of the market…. The days when you couldn’t lose on a house purchase are no longer with us.” (House Beautiful, November, 1948)
“The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs about $28,000.” (Business Week, September 4, 1969)
