SMI Brokers Expert Answers Some Burning Questions

On 11th March, 2013, TD Economics, one of the largest financial institutes in Canada, presented its special report, titled ‘Long-Run Rate of Return for Canadian Home Prices.’ In the report, TD listed Calgary, Vancouver, Toronto and Edmonton as prospective out-performers in the future real estate scene. Marcus Arkan, CTO Syndicate Mortgages, recently presented his analysis of TD’s report on the future of various markets.

According to the report, house prices in Canada are expected to remain flat for the upcoming decade. TD’s lead economists, including Craig Alexander and Derek Burleton, also forecasted a downward trend and market adjustment over the next three years. The report states that annual price gain and rate of gain will be around 2 percent over the next decade. However, the report has clearly listed markets that are likely to out-perform in the future. Calgary, currently one of the hottest markets in Canada, is also one of the prospective out-performers on TD’s list.

Mr. Arkan agrees with TD’s forecast regarding Calgary and stated that there are numerous reasons why Calgary will continue to perform at above par levels. He stated, “Real estate market goes through cycles. There has been plenty of price correction and adjustment in Calgary. It is currently one of the most affordable and least overvalued markets in comparison to other major metropolitans.”

According to the Calgary Real Estate Board, the average sales price of MLS in Calgary peaked in 2007 at $423,770. In 2009, the prices experienced a significant drop at $394,064 in 2009. In 2012, MLS sales prices reached an all time high at $428,644.

Mr. Arkan further added that the underlying economy of the region will play a far more significant role than foreign investments in the area. “Average income in the region is higher and plenty of people are migrating to Calgary. Canada mortgage rates have also remained favorable. The sales and demand will both continue to rise in the city.”

TD Economics’ report also presented the list of markets that are expected to perform at par with national average and also the ones that are expected to underperform. Halifax and Saint John are specified as prospective under-performers.

You can learn more about Canada housing market and Canada mortgage rate at http://www.syndicatemortgages.com/

Source: http://www.prweb.com/releases/2013/3/prweb10526157.htm

Who says Albertans don’t like to dress up? Whether they’re in cowboy boots and jeans or stylish haute couture, shoppers in our province have been paying big bucks to satisfy their clothing desires.

In 2012, sales by clothing, footwear and accessories retailers totalled $4.03 billion, up 8.4 per cent from sales in 2011. December of last year alone set a monthly record with sales of $560 million.

The graph below shows monthly sales trends since 2004. The light orange line represents sales by month, unadjusted for seasonal variation. The strong peaks in December stand out—obviously much of Albertans’ new attire finds its way under the Christmas tree. The heavier orange line is the 12-month trend, which gives a clearer visual picture of sales over the past several years. It has been a gradual but steady climb, notwithstanding the small dip in 2009 when recession gripped our province.

The two main drivers for the record-setting clothing sales last year? Demographics and high incomes. Since Alberta was the destination for so many newcomers last year, retail sales are bound to grow. The low average age of Albertans—and the fact that many Albertans are shopping for children—is also a factor.

The other driver is high incomes. With their strong economy and high average earnings, Albertans have been confident consumers. That means most of them haven’t been too shy about shelling out major dollars for those new ski jackets. Or earrings. Or silk ties. Or...

Source: ATB Financial

Who says Albertans don’t like to dress up? Whether
they’re in cowboy boots and jeans or stylish haute couture,
shoppers in our province have been paying big bucks to
satisfy their clothing desires.
In 2012, sales by clothing, footwear and accessories
retailers totalled $4.03 billion, up 8.4 per cent from sales in
2011. December of last year alone set a monthly record
with sales of $560 million.
The graph below shows monthly sales trends since 2004.
The light orange line represents sales by month,
unadjusted for seasonal variation. The strong peaks in
December stand out—obviously much of Albertans’ new
attire finds its way under the Christmas tree. The heavier
orange line is the 12-month trend, which gives a clearer
visual picture of sales over the past several years. It has
been a gradual but steady climb, notwithstanding the
small dip in 2009 when recession gripped our
province.
The two main drivers for the record-setting clothing
sales last year? Demographics and high incomes.
Since Alberta was the destination for so many
newcomers last year, retail sales are bound to grow.
The low average age of Albertans—and the fact that
many Albertans are shopping for children—is also a
factor.
The other driver is high incomes. With their strong
economy and high average earnings, Albertans have
been confident consumers. That means most of them
haven’t been too shy about shelling out major dollars
for those new ski jackets. Or earrings. Or silk ties. Or...
April 5, 2013
Dressed for success
0
100
200
300
400
500
600
Jan'04 Jan'06 Jan'08 Jan'10 Jan'12
Clothing
and
Accessories
Sales
in
Alberta
$
millions
(not
seasonally adjusted)
Source:
Statistics Canada,
CANSIM
table
080-­‐0020