Purrfect Properties Blog

Posts Tagged ‘Edmonton Economy’

Where do you want to be in 10 Years?

Monday, August 25th, 2014

I don’t believe prices will be coming down in the next 10 years.  With the projected work the province has coming up in the next three years, steadier and rising prices in the states as well as the fact that Edmonton is third largest and fastest growing Economic center in Canada – it is very easy for me to say – No, prices won’t be coming down by next year or most likely for the next decade.

Quotes from the Housing Market outlook – Canadian Edition  – Third Quarter 2014

“Economic growth in Alberta is expected to lead all provinces in Canada over the next two years.”

‘Consumer spending is also projected to rise, supported by strong population growth and rising wages.”

“The average MLS sales price is projected to increase to $396,800 in 2014 and then to $407,000 in 2015.  A higher level or demand relative to supply will help to lift resale prices in 2014.  As 2014 progresses, new listings are expected to increase and continue rising into 2014.”

 

Edmonton Housing Outlook 2015

Edmonton housing prices going up again in 2015!

If you can get a home now – I encourage you to do so.  I often look at townhouses that were bought for $77,000 10 years ago and are selling now around $214,000.  The question is – where do you want to be in 10 years?

The Canadian Dollar and You.

Wednesday, April 16th, 2014

With the Canadian dollar’s value trending lower, and industry analysts expecting it to continue to trend lower to approximately the .90$ level, you may wonder how this affects you. Depending on your field of employment you may be affected very differently. Since the main economic engine in Alberta and Edmonton in particular, is the the energy sector; Alberta is poised to profit from a lower loonie.

As the price of the canuck buck drops, the cost of our oil and gas is lower to our neighbours to the south, and as such most energy companies from the south have more capital to invest in projects. If the loonie does drop to the expected .90$ that would result in a 10% savings for US companies doing business in our country, versus doing business at par.

If you’re a small business owner you could find profit in the lower dollar as well, with a lower dollar our goods are more attractive to foreigners, so if your business does a lot of export a low loonie is great news for you. The main downfall to the lower loonie comes when you start looking at importing goods, for the business that imports goods you may have to take a closer look at your profit margins and decide on the best course of action.

One other positive spin off from a lower loonie, is in the tourism sector, with the lower dollar some Canadians may chose to keep their vacations confined to our beautiful country, as well as more of our souther neighbours. As a whole Alberta generally benefits from a lower loonie, as has been represented in the past fluctuation of the Canadian dollar. So lower loonie, good or bad? This Realtor sees it as a positive way to keep the Alberta economy moving forward.

And That’s The Cats’ Meow

What three things makes this Realtor happy about Edmonton?

Thursday, December 5th, 2013

I’ve had the pleasure of living in Alberta for most of my life. With small bits of time spent on the coasts and up in Fort McMurray and Grande Prairie; like any good Alberta girl, I’ve spent the majority of my time in Edmonton, Alberta. My family moved to Sherwood Park way back in 1983 and I have watched Edmonton grow since then. The thing I enjoy most about Edmonton is the economy. I’ve gone away a few times and come back to appreciate it all the more. It’s taken less than a year for the builders price to go up $50,000 on a property I would like to buy. That’s economy. There’s a few more people out there that would tell you the same thing I am. Let’s talk about how strong Edmonton’s economy is with reference to the $70 billion worth of major projects expected in our Edmonton region in the next decade. Moneysense ranked Edmonton as #11 Best City overall in Canada, in 2013. Macleans reports that Edmonton grew well above the National average alongside Calgary and others.

So once you’re working here, what are you going to do with your money? Dine well and adventurously. Edmonton’s economy has long been attracting investors and expansion and with that has come an adventure in food.  If I had to pick some of my favorites I would say don’t forget to try out these… I absolutely love the Tofu Pancakes at Wild Tangerine.  Their Caesar salad is completely unique and don’t leave without trying his version of fortune cookies! 😉 You gotta eat here came into town a while ago and for one of their stops, they featured the Chicken and Waffles at Sugarbowl.  It doesn’t sound right, I know, but it is just delicious.  If you’re from Edmonton you’ll know that it’s never too early to head there for an a.m. cinnamon bun.  Walk on over to Transcend and get one of the smoothest coffee’s you’ll get.  My mom even has a coffee blend named after her there. That’s right, Transcend even gets moms two thumbs up.

So you’ve got some money in your pockets, food in your belly and things are looking up, are they?  Did you see those pelicans up in the north east sky?  I’ve been following them for years, alongside the keyhole, down past the Fort Saskatchewan bridge by old fort road.  What amazes me about being a city girl living in Edmonton and not travelling to far (maximum 3 hours drive) I have seen a large portion of Canadian Wildlife.  Moose, Elk, Caribou, Bears, Mountain Goats, Geese, Buffalo, Coyotes, Wolves, Beavers, Muskrats, Deer, Eagles, Hawks, Pileated woodpeckers, wow, the list goes on, bird watchers paradise. Check out Elk Island National Park if you want to get closer to wildlife. Visit Jasper if you want to see Elk or just head out to one of our night clubs to find true Edmonton wildlife. 😉

Now that’s the Cats Meow.