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Commercial real estate company Avison Young has an optimistic outlook for Edmonton and Alberta in 2009.
“Large infrastructure projects will remain an important driver of GDP (gross domestic product) growth in Alberta in 2009,” Avison Young reports in its 2009 forecast for local, provincial and national economies.
“Currently, 1,218 major projects with a total value of $286.5 billion are either under way or have been announced. Although tight availability of credit and concerns over commodity pricing will cause some of these projects to be postponed or cancelled, we predict continued significant capital investment in Alberta throughout 2009.”
That said, “We expect that a ‘wait and see’ attitude will proliferate over at least the first half of 2009 and those developers that build on speculation will continue to be rewarded as the forecast for Edmonton remains positive.”
Read the complete story:
http://www.sherwoodparknews.com/ArticleDisplay.aspx?e=1437114
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About Jason Hafso
Jason started his Edmonton real estate career in 2002. By his second year in business, he earned the Sutton Director Award and has consistently received awards each year since. Prior to real estate, Jason spent over eight years in advertising, marketing and design, including developing and promoting popular corporate websites for Edmonton companies such as International Stereo, Sawmill Restaurants and Downhill Riders Ski & Travel. Jason brought his marketing knowledge and experience with him when he became a Realtor, and uses it to effectively market and sell his clients' homes in Edmonton. When it comes to selling homes, Jason combines tried-and-true traditional marketing, with unique, one-of-a-kind advertising you won't find anywhere else, to ensure your home gets maximum exposure in the marketplace. Call or email Jason today.