Quote:
Originally Posted by flamey_mcflame
Ignorant, please show me your studies that show how the NEP affected the Alberta economy as dramatically as you think. If you're gonna call someone ignorant, make sure you can back it up.
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Start with
this one. Chart 9 shows Western Canadian housing prices since 1980 while Chart 10 shows Eastern Canadian housing prices since 1980.
Edmonton and Calgary took a MASSIVE hit from 1980-1985, losing ~40% of their value over that time, which was by far the most of any major centers in Canada. Eastern Canada came through pretty much unscathed.
If that were today, it would be like you having a $400K mortgage on a house worth $240K.... with no light at the end of the tunnel.
Dig deeper and wake up. The NEP was the catalyst in killing the Alberta economy in those years.