?
titanic
Exhibition sails into calgary with a collection of historical artifacts
RE/MAX Real Estate (Central)rEmEmbEring thE past
city designates three historical sites in celebration of unique character and history
snapshot
can you identify this calgary landmark?
arts A8 heritage A11 where am i? A10local recovery slow and steady
Employment growth, consumer confidence to drive Calgary's economy
CreB ® staff the key sentiment of the local economy's expected recovery in 2011 will be long, slow and steady, according to a State of the Economy report released earlier this month by Calgary Economic Development. "For Calgary, a couple of primary factors - continued, depressed natural gas prices and the laggard economy in the United States - have been a constant headwind, creating drag on the vehicle," said the report. "At the same time, lagging confidence from consumers and businesses has meant pressure on the gas pedal has been weak, particularly as bends in the road appear." Despite this, there is reason for some optimism with the recovery of oil prices, stronger indicators of foreign direct investment and commercial real estate absorption rates. Moderate employment growth, labour income growth and increased consumer confidence will drive increases in gross domestic product in the region by 3.3. per cent in 2011. The report's projections include the following in 2011: * Unemployment rate of between 5.2 and 6.2 per cent, * Employment growth of 1.6 per cent, * Inflation at 2.5 per cent. Employment numbers for Calgary have bounced monthly between growth and contraction in 2010. The unemployment rate decreased from 6.9 per cent in November 2009 to 6.1 per cent in November 2010, which can be attributed to the rebounding economy, according to the report. Calgary's economy has gained 3,500 jobs (a 0.5 per cent increase) since November 2009. "Through the last half of 2010, local employment numbers continued to recover from the losses experienced throughout the recession," said the report.61 62
...Keep Moving...
eConomy A3 average vacancy rates in the downtown market have increased in 2010 from 12.6 per cent in the third quarter of 2009 to 14.5 per cent in the third quarter of 2010.51 48 52
...To Airdrie!
45
MLS
®AVERAGE DAYS ON MARKET*
SINGLE FAMILY HOMES
- CALGARY METRO
44 43 42
CODy STUART, CREB® Staff40 41 42
DEC08 JAN09 FEB09 MAR09 APR09 MAY09 JUN09 JUL09 AUG09 SEP09 OCT09 NOV09 DEC09 JAN10 FEB10 MAR10 APR10 MAY10 JUN10 JUL10 AUG10 SEP10 OCT10 NOV10 DEC10
*All statistics based on monthly data compiled by CREB ® via MLS ® activity.Carrie Peddie
403-836-1399
www.CarriePeddie.com
47 43 34 33 36 38 39 45 50
169 COOPER'S PARK
52 50 52 59
Airdrie
* Cooper's Estates * Executive living * On-site cherry hardwood fl ooring * 18' stone fi replace * Fully developed * Backing green space MLS ® C3457742 tax credit costs less CreB ® staff Canada's Home Renovation Tax credit cost the federal government less than was budgeted. Introduced by Federal Finance Minister Jim Flaherty in the 2009 budget to stimulate the economy, the measure cost Canadians $2.27 billion less in taxes. Original estimates by the federal government budgeted $3 billion for the temporary tax credit or about 4.6 million households that would claim the credit. Under Canada's Economic Action Plan, the initiative was a 15 per cent non-refundable tax credit applicable to eligible labour and material home renovation costs. The tax credit was not extended into the 2010 federal budget.207 APPALOOSA LANE
$1,087,000 $879,900
Committed to Excellence... Driven By Results!
FREE jan 28 to feb 3 2010 issue 01-02 www.creb.comContEnts
nEws briEfs
a3mortgagE ratEs
a10
ZonE maps
B1listings
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zone a
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zone b
B2inner city
B4zone c
B7zone d
B9town
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country
B11
commercial
B15
opEn housEs
B15
* Yankee Valley Estates * 2.03 acres * 2736 sq. ft. of living space * Gourmet kitchen * 3 bedrooms * Den + bonus room MLS ® C3452548
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