Edmonton's Outlook For 2007 - How are they doing so far?

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Services for Real Estate Pros with Glenn Simon Inc.

Provincial Outlook 2007 - Alberta's economy is expected to be softer but still chart topping  in 2007. Oil prices in the $40-$50 range will challenge break even points for riskier projects but are still well above the break-evens for the majority of provinces production. 
 

Oil Prices are now at $70 to $80 range. Making the oil sands a lot more profitable. 

 

Provincial Update 2007 - Energy spin-off effects  have kept Alberta leading the country  in growth in  just about every key economic indicator. Migration has doubled in numbers since 2005.

Labour needs will double the migration to Alberta by 2010 34,000 workers will be needed.

Provincial Forecast 2007-This year, at an estimated 6.8%, real GDP growth in Alberta will tip the scales at more than double the national average rate and well above the tepid pace of 1.7-1.8% posted by Canada's two largest economies.

Alberta's GDP is only rivalled by CHINA 

KPMG 2006 Study Canada Focus

Fun Reading! 

Scotia Bank Provincial Forecast 7/2007 - “Alberta will remain a top provincial performer for the foreseeable future, driven by broad-based strength,”  “Overall oil production will continue to increase as new oil sands projects start up and upgraders are built. Aside from the oil sands, infrastructure will see significant investment over the next few years to service record net inter-provincial migration.” David Hamilton Scotiabank Economist
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