 鲜花( 0)  鸡蛋( 0)
|
Ron Chalmers, The Edmonton Journal
+ Y* D+ t; T5 h1 A+ F- {Published: Tuesday, April 03, 20070 S1 y! f1 t% |0 S
5 H" p, }: }' }" q5 k- u: Y
EDMONTON - Most Albertans think this is a bad time to buy a house -- but a good time to buy major household items.
2 }6 s/ k/ w& U3 u
! d5 _$ k5 ^; G* |- ]Leger Marketing surveyed 900 Alberta consumers for PricewaterhouseCoopers, in February, asking about the economy.
& l _, n1 S+ i+ f# Z |5 U6 m+ Y! f+ t: k& d. a, m$ d0 \; F
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. o* ^$ V4 w- u1 F/ f
! z7 e& {" ]# Z
Is this a good time to buy a house in Alberta?3 @$ e+ }0 ]/ h5 q0 U+ N
! x: f, Q5 M7 A9 ]7 tNo, not according to the sample's composite score of 71, showing significant doubt.
9 q5 t* {9 j2 P0 n5 O4 X1 O5 c6 {5 D" Z4 w1 P
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."- ~: x% M2 _7 f! O7 n
! h4 g. N6 |9 \! N/ C# R
When asked specifically about interest rates, the sample scored 66, with a widely-shared belief that rates will rise.7 w, X$ l. X5 J6 d1 S
+ \5 t3 u/ O) \2 W }$ @8 Y( OA question about household incomes drew a score of 141, as most people expected incomes to rise.. M% f* H j$ S+ Y1 \) S' S
/ |+ W) N" M5 B: R1 t: xThe 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.8 I5 N1 u4 ?4 { E) ?" E8 ]
6 p ]- Q% f: |* s4 U( J, cThe prospect for future unemployment was highly optimistic at 127 -- although it's hard to imagine how unemployment could fall any lower.& [! ]0 v6 M, B, A
# x% U0 D2 J& GA 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.
3 s$ ~* f& Y, d6 H p0 S" ~ _2 e
Among 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."$ y( {3 L! V, S! T
: u" t, Y6 w2 {0 }. p2 r; C
The business sample, like the consumer sample, expected interest rates to rise.
% n0 ~/ C, B( E. i* j. H. j- m
$ O* {8 w; A& V1 x+ w* p: Q5 ^% cBarry James, PricewaterhouseCoopers' managing partner in Edmonton, urged borrowers to consider the risk of higher rates.; g" |1 @* ?$ E) s. |5 b4 x
?4 G, \0 k$ d
"If you're going to make a large spend, ask yourself what one or two or three more points would cost," he suggested. |
|