2020
Vision - Clear Path for Alberta's Future
Victory
for Trans Mountain
The recent Supreme Court decision removes the
remaining obstacle for the Trans Mountain pipeline project to go ahead.
The court upheld Ottawa's authority under the Constitution to decide on oil crossing
over provinces such as between Edmonton to Burnaby, B. C.
Oil
Prices - Up – Prospects - Up
Natural Resources Minister, Seamus O'Regan welcomed
the ruling, saying that it is a core responsibility of the federal government
to help get resources to market and support good, middle-class jobs. Other major
oil pipeline developments, Keystone XL and Enbridge's Line 3 are also gaining
traction just in time for oil prices, due to years of curtailment about to gain
ground.
Jobs
- Sunny Outlook Blowing Our Way
There is good news on the horizon for the Solar/Wind
Industry job market and could explain the recent lower unemployment rate. Many
mega projects, like the $200-million Danish-Canadian, TC Energy Corp. and the
$500-million project in Vulcan County, Strathmore Solar Farm and others have
received approval, started construction or applying for expansion.
Berkshire Hathaway, a subsidiary of Warren Buffett's
US company, is breaking ground on solar and wind farms. Buffett announced that
he is pursuing partnerships with solar, wind and other technology companies in Alberta.
Confidence
in the Economy - Impressive
"Alberta is proud to be home to so many great
innovators and entrepreneurs," said Jason Kenney. "This exciting new
energy project will add to Alberta’s impressive renewable energy network, and
is a vote of confidence in our economy." Also on the horizon is the
'Beyond Meat' market. Spin-off jobs are possible with the building of a huge
pea-protein processing plant in western Canada. The pea-protein craze has led
to Manitoba constructing its second 20,000-ton facility and this still won't
meet the demand that is expected to grow for these products.
Stable
Market - Sales Slow but Steady
According to predictions for 2020 by Calgary's Real
Estate Board, and several real estate firms, sales are forecast to remain slow
and steady. This means a return to a stable and balanced market. The job market
is growing. The 'Millennials' and first-time home buyers have now had time to save
for a larger down payment in order to pass the mortgage stress test. At the
same time 'Baby Boomers' and 'Empty Nesters' seem to be opting towards
renovations and refinancing versus selling to down-size. This may mean supply
will remain low as the demand increases which could push prices up. For more on
this visit CREB.com and click on media releases.
For more information give Chris a call #403-680-4479
