Things seem to be catching up to where they would have been had the NEP and oil crash in the 80s didn't happen.
The amount of work that remains to be done would suggest to me that we get to a point where the rate of growth would be considered healthy/sustainable until the next thing comes along to turn it either way (which is entirely un-predictable).
People are still moving here at a pace of 35,000/year. There's 6000+ listings on MLS for calgary right now and the market is considered 'balanced', tredning towards buyers market - despite the fact that interest rates are rising.
There's billions of barrells of oil in the oilsands and numerous numbers of projects still waiting for approval. Natural gas prices have recovered and demand is going nowhere for that product, either.
Corporate tax rates are the lowest in the country and dropping in the next two years, which will only attract more investment.
Yes, I agree that the recent growth rate is not sustainable, but that does not mean our prosperity in general is not sustainable.
__________________
Quote:
Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
|
|