Monday, February 04, 2008

HOUSING STARTS DOWN AS PEOPLE LEAVE ALBERTA

Premier Ed Stelmach seems likely to call an election for March 3rd 2008.

As this Edmonton Journal article points out, the Premier is facing a softening Alberta economy as investment slows and people start returning to home provinces that are now booming.

With much of his spending plans aimed at preparing Alberta for future growth, it may appear moot as Alberta's economy slows down and population growth rates taper off.

The fact that neighbouring provinces are booming while Alberta languishes may point negatively to the leadership of the Premier who made changes to the tax structure of Alberta's main economic engine.




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