AUGUST 2011 REAL ESTATE NEWSLETTER
Wednesday, August 17th, 2011Click it and enjoy the latest Edmonton Area stats, my monthly tribute, and always a little more.
Posts Tagged ‘Real Estate Sherwood Park’
Will Interest Rates Jump, Drop or Play Dead?
Wednesday, August 17th, 2011Flaherty, Carney to offer clues on economy
By David Ljunggren and Randall Palmer, REUTERS
OTTAWA – Policymakers could provide important clues about spending plans and interest rates Friday when a rare midsummer parliamentary committee meeting examines market instability and foreign debt crises.
Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney will testify to the House of Commons finance committee, which is looking into the impact on Canada of foreign economic turmoil.
Parliament only returns from its summer break on Sept 19, but opposition legislators — particularly the left-leaning New Democrats — said they could not wait till then.
Flaherty said in a radio interview over the weekend that he would consider more stimulus measures if the economy slips into recession, a change from a previous promise to stick to plans to eliminate its budget deficit by 2014-15.
“I welcomed any kind of flexibility on behalf of the government. We had not heard that before,” said Peggy Nash, finance spokeswoman for the New Democrats, urging Flaherty to explore the idea of fresh infrastructure investments.
Flaherty’s office was not immediately available for comment.
Doug Porter, deputy chief economist at BMO Capital Markets, said Flaherty and Carney would most likely use the appearance “to soothe concerns on the outlook and play up Canada’s relative strengths.”
But the session also gives Carney, who had not been publicly scheduled to speak until late October, a chance to update central bank thinking on interest rates.
The bank signaled on July 19 it was closer to raising rates, although only if the economy continued to advance.
Since then a ream of gloomy data has shown that the economy most likely stalled in the second quarter, and markets no longer expect a rate hike in the foreseeable future.
New mall aims to be pedestrian friendly
Monday, August 8th, 2011Emerald Hills Centre in Sherwood Park promises wide sidewalks, plenty of trees
By Dave Cooper, edmontonjournal.com
As construction gets underway on the Emerald Hills Centre, Sherwood Park’s newest and eventually largest mall, Darren Durstling looks over the sprawling 62-acre (25-hectare) site with some pride.“This is one of the best sites we’ve ever done. It has great access beside the Yellowhead Highway and is linked to two interchanges at Sherwood Drive and Clover Bar Road, next to the new Strathcona Hospital and across the street from a new 1,400-student high school,” said the partner with WAM Development Group.
And that has made finding tenants — from a variety of fashion and furnishing retailers to restaurants, a major pharmacy and a home improvement store — perhaps less of a challenge.
Planning for the 600,000-square-foot project began three years ago, but the major anchor — Walmart — didn’t immediately sign on.
“But then they called and said they wanted to open by January 2012, and the project took off this spring,” said Durstling. “Everyone else follows once they are on board.”
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JULY 2011 NEWSLETTER – Summer Ideas and more
Wednesday, July 20th, 2011Click below to read my monthly newsletter:
Garage Sale that brought Smiles and Helped the Food Bank
Sunday, May 29th, 2011Yesterday I had my Street G-Sale Event that went better than I anticipated. The neighbors got involved and a good hundred or more people went from house to house. Through some donated items we raised $50.00 for the Food Bank. The best part about it was building the new friendships with the people on the street. Its always nice to do something that helps out so many others in such a practical way.
