Weekly Real Estate Market Update, Nov. 15/19

Gonna be a rough 4 years...

Yup. I have some friends who work for the Government of Alberta and many of their colleagues have been let go already, and more expected next fiscal year. There is going to be a lot of smart, young, formerly well paid, people leaving Edmonton for BC and Saskatchewan.

They have to destroy the U.S. dollar to keep the ponzi fraud stock market from imploding in America. Commodities will soar in price even if there's no demand for them. Alberta has natural gas and oil which are both commodities. Inflation will soar as the U.S. dollar croaks. Remember Albertans have nowhere to go unless they leave Canada. B.C. or Ontario is not an option as the cost of living will make the move an impossibility.

It's strange when oil price so low, why can't Alberta use the oil for refinery and other products. It's not making sense to give oil away cheaply, the resource is precious and not unlimited.