Older Edmonton neighbourhoods overhauled

By the end of this year, the city will have spent a whopping $201 million overhauling 74 aging Edmonton neighbourhoods.

The investment is part of council’s long-term Building Great Neighbourhoods initiative and as construction season wraps up for the year, officials are celebrating the completion of work in Parkallen and West Jasper Place.

Read more: http://tinyurl.com/cffhodd  

Calgary house prices flirting with 2007 peak level

CALGARY—Calgary’s resale housing market in October is continuing to show very strong year-over-year sales growth with average prices competing with the peak level of 2007.

According to the Calgary Real Estate Board, month-to-date until October 30, total MLS transactions in the city of 1,603 are up 23.88 per cent from the same period a year ago and the average sale price has risen by 7.22 per cent to $435,922.

Read more: http://tinyurl.com/cndotdr

Who owns the oil sands?

National hand-wringing over foreign ownership of the oil sands, especially by state-owned enterprises, is spiking across the country. But while there has always been foreign participation in Canada’s most-capitalized natural resource, and that participation is increasing, an in-depth look at oil sands involvement shows that Canadians are still the dominant operators and employers.

Read more: http://tinyurl.com/c74ej5g

The silent revolution inside the IMF

The IMF, at long last, is becoming at long last a much more open institution. Gone are the days when the institution acted as a handmaiden of Western – and mainly U.S.– economic orthodoxy. It is even throwing a gauntlet down to the mighty U.S. Federal Reserve, questioning the effects its constant monetary boosting has on the rest of the world.

Read more: http://tinyurl.com/codax8a  

House flippers beware: You can’t always sell your residence tax-free

My good friend Dave and his wife Linda got lost last weekend. They were following their GPS looking for a particular address when they ended up somewhere along a remote dirt road. “Dave, why don’t we just find someone and ask how to get where we’re going?” Linda suggested. Dave, like most normal men, believed that they weren’t all that lost. “I don’t want to stop to ask someone,” he replied. “We’re close – I’ll get us there.”

Read more: http://tinyurl.com/c7fkgsb

Does U.S. shale mean cheap global oil by 2020?

ANALYSIS: Does the rise of U.S. shale oil mean fuel buyers can look forward to a multi-year period of crude price decline? Or is oil destined for new record highs above $150 US a barrel?

The question is dividing energy analysts who are split on whether or not shale and other predominantly North American “unconventional” supply like Canadian oil sands will be enough to comfortably meet an increase in global fuel demand led by emerging markets to 2020.

Read more: http://tinyurl.com/blr95bp  

The best “investment” of all

Many people worldwide have acquired great wealth through different methods and the question sometimes comes up as to what the best investment of all really is. The answers range from gold, real estate, colored diamonds to futures, stocks and intellectual property.  There are pros and cons to every investment and there is no one size fits all which works for everyone at every time.

In my case, I used to believe that mutual funds were the answer.  I then changed my mind to real estate, then business.  I have met many investors who have weighed in their opinions on this matter and against all the odds, I believe I have found the ultimate investment which will stand the test of time worldwide.

The greatest investment of all is in educating yourself about money. The vehicle you choose is not as important as how you empower yourself.  If stocks interest you, then attend a seminar and network with those who are like minded.  Your network is your net worth and can greatly expand your horizons.

I did not know how to balance a checkbook until I was 30 and that basic bookkeeping knowledge (which I had procrastinated for 15 years in learning) has assisted me to this day. If it wasn’t for my initiative to learn that tried tested and true knowledge, I would still not be able to form a budget.

Educate yourself and keep expanding to truly have the greatest investment of all!