More than $1 trillion. That’s the total value of economic activity that’s expected to be generated by Alberta’s oilsands over the next decade…
according to the Canadian Manufacturers & Exporters (CME). So exactly how much is $1 trillion — or if you prefer, $1,000,000,000,000? Well, think of it this way. It’s equal to roughly 75 per cent of Canada’s GDP (gross domestic product), and it’s more than three times larger than Alberta’s current annual economic output. Either way, that’s a lotta loonies… Click here to read the full article. Edmonton Journal March 23 2010, Gary Lamphier
That’s good news for everyone in the province, whether you’re directly involved in oilsands production or not. The strength of our economy compared to others in Canada is obvious already to those of us in the real estate industry. Property values are stable and even rising somewhat in some areas. It’s all looking good for 2010 and beyond!
Contributed by Kathy Schmidt, Broker Owner of Schmidt Realty Group Inc.
