Like many things, optimism about a country’s course varies widely around the world. In some countries, an overwhelming majority of citizens feel like their country is on track, and in others, an equally overwhelming majority believe the opposite.
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CALGARY – Alberta will likely outperform national housing markets in 2014, says the new Global Real Estate Trends report released Friday by Scotiabank Economics.
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We’re not number one, but Calgary has inched its way into the top 10 in one magazine’s ranking of North America’s most sustainable cities.
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Often times, I have met real estate investors who want to purchase property and have many details covered about the renovations, location, price etc. However, they consistently miss the single most important factor to succeeding in real estate and that is in understanding the unbiased economic fundamentals.
It is the economics of a region that drives valuations, rents, vacancies, renter profile, transportation etc. Without an understanding of these important trends, the best property in the world would be ignored because there would be no potential for equity appreciation or cash flow.
The economics should be the first and foremost thing to look at investing in real estate. This will separate you from the speculators who are merely wishing prices to increase.
We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and falls for economic reasons? If this is the issue, it doesn’t really matter how much oil is in the ground. What matters is if economic conditions are “right” for continued and rising extraction. I have shown in previous posts that oil prices that are too high are a problem for oil importers while oil prices that are too low are a problem for oil exporters. As a result, oil prices need to be in a Goldilocks zone, or we have serious problems, of one sort or another.
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When Alberta’s oil sands started being commercially developed almost 50 years ago, the biggest challenge for companies was finding cost-effective production technologies. Producers such as Sun Oil Company (now Suncor Energy) and Syncrude focused on securing capital rather than launching public relations campaigns.
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