CALGARY — Alberta and Saskatchewan are expected to lead the country in renovation spending in the next two years.
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Tag Archives: spending
Incomes and spending rise in May
Americans saw a healthy boost in their incomes in May, according to monthly numbers out of the Department of Commerce. Personal income rose 0.5%, a sign that steady – though slow – wage gains have continued as the economy puts itself back together.
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No, The American Consumer Is Not Back
NEW HAVEN – The spin-doctors are hard at work talking up America’s subpar economic recovery. All eyes are on households. Thanks to falling unemployment, rising home values, and record stock prices, an emerging consensus of forecasters, market participants, and policymakers has now concluded that the American consumer is finally back.
Read more: http://tinyurl.com/mhdmacx
Nearly half of Albertans planning major home renovations
CALGARY — Forty-six per cent of Albertans are planning to make significant home renovations in the next two years – second after Atlantic Canadians (47 per cent) and two per cent above the national average, says a new survey by Scotiabank.
Read more: http://tinyurl.com/p7862uz
Frugality out, back in: eating, drinking out
Americans seem to be fed up with frugality.
As the recession ever so slowly recedes, an increasing number of Americans say they are less frugal than they were a few years ago. At the same time, sales at restaurants are at an all-time high and at least one survey says consumers expect to spend more eating out as soon as their pocketbooks allow.
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Survey finds Alberta trails other provinces in vacation spending plans
CALGARY — Albertans and people on the Prairies are the most likely in Canada to take a summer vacation this year.
Read more: http://tinyurl.com/d5qbzh5
Albertans among top spenders for Mother’s Day
CALGARY — Albertans will be among the top spenders in the country this year for Mother’s Day, according to a survey released Wednesday by BMO.
Read more: http://tinyurl.com/d3jf3gq
Calgary tourist spending grows to estimated $1.4 billion in 2012
CALGARY — For the second straight year, Calgary led the nation’s major metropolitan centres for visitor spending growth and shared the lead in visitation growth as an estimated $1.4 billion was spent by tourists in 2012 in the city, according to Tourism Calgary.
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Demographics and Investing
In our attempt to provide coverage of the economic fundamentals for Alberta real estate, readers are sometimes provided with news of a new school being built or plans for expansion. On the surface, this does not seem to have anything to do with cash flow, equity or interest rates and may wonder what it has to do with property. The answer is a great deal.
Demographics is the study of a makeup of a population. When people make more money, they spend more, when they spend more, real estate prices go up. Peak spending in fact is at approximately 40 years of age and after that point, it starts to decline. One of the factors that drives real estate is the makeup of households and that is why I provide information on new schools as it is a factor as to where growth is or will be occurring. A community of mostly 25-30 year olds has (all other factors being equal) a positive demographic profile compared to one where it is mostly seniors who spend much less.
Alberta’s demographics is to show that our province is in fact getting younger and therefore extending our peak spending years many years into the future.
For more information on this important subject, please visit www.hsdent.com.
Consumer confidence in Alberta showing a revival
CALGARY — Consumer confidence levels in Alberta are showing a revival at the same time that business leaders in the province are less optimistic, says the latest PwC Business and Consumer Confidence Index conducted by Leger Marketing.
Read more: http://tinyurl.com/bc4sjmb