Weekly Market Update, October 12/18

Another boring sideways week, eh?

If you think it's boring now Anon, just wait until it snows or interest rates go up, or the stock market plunges, or ?? Not going to be a great next few years. Might improve when Rachael and Justin are gone, but not until then.

Hey Rick,

If Rachael is gone and historically corrupt CONs are in, Edmonton will be done for sure.

CONs = paycuts and layoffs on already frozen salaries for 5 years now.

Mike, I like your way of thinking.
I'll be ready with my money once Rachael is gone.
Thinkers like you will be willing to sell me properties for pennies on the dollar.
Looking forward to it, as the "corrupt CONs" will get this economy back in order and things will boom once again.

Miky , you must be guvernment worker to like NDP economy, just borrow and waste.

You sniping partisans are tiresome.

The economy is booming and unemployment is at a decades low.
A multi-billion dollar cannabis industry was truly launched yesterday that is set to dominate the world market... with many production facilities in Alberta.
A $40 billlion LNG plant is getting built in BC.
Oil: TMX will have shovels in the ground in March. Keystone XL is getting built now.
.
This all means interest rates will likely rise to cool the economy and keep inflation in check.

What does that mean for real estate? Rising demand, but more expensive lending. So... steady as she goes.

Instead of blindly drinking the partisan kool-aid, learn economics, demand actual stats, and try critically thinking.

Thank you for a balanced and educated view Greg.

Wow Greg, you surely have made me confused. Looks like I need to go back to school and get re-educated or maybe start using pot to better understand your economics. As a business analyst, I look at the real estate numbers which show the highest ever inventory and foreclosures which to me are indicators of troublesome economy. Yes, Kitimat is rocking but not Edmonton. As for the low unemployment, if you analyze it deeper, you can see that full time jobs are being cut and replaced by part time. You may get a reality check by visiting any of Service Canada places and chatting with people who are desperate to get any job. Let's hope that these pipelines will be actually build...