Tag Archives: Housing – Alberta

Alberta economic snapshot for Dec 15, 2012

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CALGARY, AB, Dec. 15, 2012/ Troy Media/ – Sometimes life is one step forward and two steps back. That’s exactly how it must feel for certain Alberta manufacturers in October – and least according to the recent data on manufacturing released this morning.

Total manufacturing sales in the province slid to $6.29 billion in October, a drop of 1.4 per cent from its level in September (adjusted for seasonality). Much of the drop was due to a plunge in one particular category of manufacturing: food processing. It dropped to $876 million, down a whopping 15 per cent from its recent high in August.

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Alberta’s unique housing cycle

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CALGARY, AB, Dec. 5, 2012/ Troy Media/ – Alberta real estate has marched to its own rhythm for the better part of a decade now. The real estate craze that has gripped most of the nation since 2009 has largely bypassed a province where the memory of a bursting real estate bubble was still fresh. Over the years, Alberta has managed what is hoped the rest of the country will experience: a soft landing.

A soft landing in real estate happens when, after a spell of exuberance in the market, balance is restored without any major correction in price. Instead, the market returns to balance as time takes its toll.

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Alberta economic snapshot for Nov. 24, 2012

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CALGARY, AB, Nov. 24, 2012/ Troy Media/ – Aside from the unemployment rate and data reporting new jobs created, another important indicator of the labour market is Statistics Canada’s report on Employment Insurance beneficiaries. The latest numbers confirm what most of the other labour reports are showing: Alberta is still the place to be for job seekers.

Read more:  http://tinyurl.com/d6xs4es