 鲜花( 0)  鸡蛋( 0)
|
Ron Chalmers, The Edmonton Journal
h Y8 N% k+ Z1 j& }5 JPublished: Tuesday, April 03, 2007
$ R' O" E. t8 ]: M, M: v$ K& [& B
EDMONTON - Most Albertans think this is a bad time to buy a house -- but a good time to buy major household items.
7 P0 U6 L9 N6 _7 f. k% V2 T. {5 D6 t0 q, Q0 y
Leger Marketing surveyed 900 Alberta consumers for PricewaterhouseCoopers, in February, asking about the economy.6 f. X" ~/ i8 p- p( P
1 R! R7 R0 |# @
Responses were compiled on a 200-point scale, with scores above 100 indicating optimism that conditions are good or will improve, and lower scores revealing pessimism that conditions are bad or will worsen.
! `" }) u0 v1 l) y, [8 m+ f3 d) L
3 s0 u/ ?5 b1 f' A, v- a4 uIs this a good time to buy a house in Alberta?
) B$ }& z) t: D& j5 ], G
8 `9 | j7 c* p! X" tNo, not according to the sample's composite score of 71, showing significant doubt.
$ K8 w9 n2 K3 q
0 Z0 i. `! K$ r& h% ]& i8 }Leger's report noted "the relatively pessimistic sentiment regarding interest rates, combined with the fact that the housing market in Alberta has boomed over the last two years."
, R' K* s8 W% q" `4 g9 r% Y: y5 k# L. k: E( D# k- O5 w# @
When asked specifically about interest rates, the sample scored 66, with a widely-shared belief that rates will rise.
, D; K* T, X- f' f4 l% V: K- n/ s% r1 C# t7 G6 W
A question about household incomes drew a score of 141, as most people expected incomes to rise.
( G- o2 b/ T& i+ p
. b, i! V, J2 H1 ?; AThe sample scored 161 -- overwhelmingly affirmative -- when asked whether this is a good time to buy major household items "reflecting the fact that many Albertans are experiencing unprecedented levels of disposable income," the report said.3 Q7 j- ?' x5 s4 W' z$ d( G
7 Y! I5 T k q4 K$ l& g
The prospect for future unemployment was highly optimistic at 127 -- although it's hard to imagine how unemployment could fall any lower.0 U9 Z W% s3 v
) s4 z% l& b# k; EA related online survey of 420 Alberta business leaders similarly found optimism about fiscal conditions, current and future business conditions, and future unemployment -- all pushed by "the hot Alberta economy," the Leger report said. d5 X6 t, X* t" o/ k: k6 S! }
+ I, }( l3 |' s! A9 Y5 TAmong those several measures, it found that fiscal expectations were the least positive, "which may be attributed in part to the fact that Alberta has a new premier in place, creating uncertainty in relation to fiscal conditions if compared to the previous Klein administration."( D! V; ~$ t3 w- S( U. \! ~7 n9 ^
m' t9 w* C6 x8 t" i5 JThe business sample, like the consumer sample, expected interest rates to rise.
) H2 R& Z0 R$ S) g$ s8 x/ j. b
3 p. s$ P: ^! Z) u4 {' rBarry James, PricewaterhouseCoopers' managing partner in Edmonton, urged borrowers to consider the risk of higher rates.
' r0 G5 h9 Q) p
! e* K- e- t. `% k+ O( @/ |/ a"If you're going to make a large spend, ask yourself what one or two or three more points would cost," he suggested. |
|