April 2016 Newsletter
LOOKING BACK ON ALL OF THIS!
I can’t help but wonder what things will look like 24 months from now? Some people will still be searching for ways to improve the economy and others will still be fighting the race to the bottom. We really should be looking at what we have and not what we don’t have......our assets. Albertans have amazing assets. A huge educated population that can and has, worked out the changes needed to succeed. This is a cycle that has come before. This time however, we are creating a NEW ECONOMY to sell to the world and we need the Governments to get out of our way. Alberta residents are a strong and vibrant people that can adapt to any circumstances that we are presented with.
Although there have been concerns over the impact of a weakening Loonie on our economy, having a low Canadian dollar has actually been a driver in improving Canada’s competitiveness and overall cost advantage. Canada ranks #2 among countries for cost competitiveness.
While we struggle through these tougher times in Alberta, Pierre Andurand is a hedge fund manager who predicted the oil slump and who is now calling for a “bull run” on crude. While crude is currently trading at about $40.00US a barrel, Mr. Andurand is predicting $60-$70 this year and $80 in 2017. He believes that Saudi Arabia has achieved it’s objective of curbing supply growth from rivals and it’s efforts with fellow producers may be aimed at averting a price surge in coming years as production falls short of demand. We can only hope that Mr. Andurand is correct in his prediction again.
If you know of anyone who is thinking of buying or selling, I would appreciate you passing my name onto them. Also my webpage at www.docwatson.ca has daily updates on house prices in the Calgary market. There is also a directory of services and professionals to help you in all your home needs.
“Doc” Watson, Realtor
Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788
Celebrating over 29 years of Real Estate Service in the Calgary area