Local-Global

Again we are reminded about Alberta's unique, geopolitical ties to the Middle East. Likely the violence and unrest in Libya will be noticed to impact oil prices primarily in the short-term. What is subtler is the long-term shift already underway that positions Alberta as a 'safe oil' country. 


Granted this phrase was coined as a market strategy aimed to take heat off from the environmental bad mouthing that was taking place, but truly Alberta is growing into the 'safe oil' role. And to note many improvements have been put into action to ensure improved environmental responsibility that few other countries would have the ability to honour and act upon so quickly.

Our global trading partners are increasingly keen to watch the alliances Alberta builds, and how those relationships will affect other countries and economies around the world. The latent impact of overseas turmoil will prove itself as adding yet another, stronger layer, to Alberta's stable (key) global foundation. 


Of course our newsletter is about real estate and not buying oil stocks or covering riots across the world. When I look at buying a property, I'm constantly thinking 'what will this city, neighborhood, road be like in the next 5+ years?' Most of the time the impacts will be local; new LRT or an improving demographic. But in Edmonton there are significant global changes that affect our real estate too, and that is why I touch on some of these larger economic drivers, like oil. For example the economic landscape may of course change in Kelowna, B.C. but not quite to the degree that it will in Edmonton, Alberta.

We are fortunate to have another great opportunity here like we did in pre-boom days. Property prices are low, mortgages rates are low, people are moving into the province and there is massive job growth in the works. Political instability abroad, coupled with higher oil prices and large local energy expansions will create higher real estate prices here. You will get greater cashflow and potential appreciation in Edmonton real estate as Alberta plays an increasing role in geopolitics. 


I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth. 


Your success continues EVERYDAY, let me help you build for tomorrow.



"We lose ourselves when we compromise the very ideals that we fight to defend. And honour those ideals by upholding them not when it is easy, but when it is hard." -Barack Obama 

Warm

Regards,


Todd and Danielle Millar